EQT AB |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 340.2 SEK | +0.07% |
|
-1.51% | +19.30% |
| May. 20 | Global markets live: Apple, Tesla, Pfizer, AstraZeneca, Microsoft... |  |
| May. 20 | Gold, copper rally propels London stocks higher | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,914 | 19,891 | 47,536 | 23,496 | 30,328 | 34,611 | - | - |
| Enterprise Value (EV) 1 | 9,104 | 19,103 | 46,948 | 23,496 | 31,326 | 34,124 | 33,295 | 32,380 |
| P/E ratio | 55.6 x | 52.4 x | 51.9 x | 116 x | 219 x | 37.3 x | 27 x | 19.5 x |
| Yield | 2.02% | 1.12% | 0.56% | 1.36% | 1.24% | 1.16% | 1.36% | 1.61% |
| Capitalization / Revenue | 16.5 x | 28.1 x | 29.3 x | 15.3 x | 14.2 x | 13.6 x | 11.6 x | 9.6 x |
| EV / Revenue | 15.2 x | 26.9 x | 28.9 x | 15.3 x | 14.7 x | 13.4 x | 11.2 x | 8.98 x |
| EV / EBITDA | 33.1 x | 49.6 x | 42.7 x | 28.3 x | 25.6 x | 21.3 x | 17.2 x | 13.2 x |
| EV / FCF | 40.3 x | 117 x | 78.6 x | 45.4 x | 34 x | 29 x | 21.1 x | 15.2 x |
| FCF Yield | 2.48% | 0.86% | 1.27% | 2.2% | 2.94% | 3.45% | 4.74% | 6.58% |
| Price to Book | 9.16 x | 15.8 x | 16.2 x | 3.2 x | 5.06 x | 5.24 x | 4.64 x | 4 x |
| Nbr of stocks (in thousands) | 952,984 | 952,984 | 986,646 | 1,186,608 | 1,184,824 | 1,183,866 | - | - |
| Reference price 2 | 10.40 | 20.87 | 48.18 | 19.80 | 25.60 | 29.24 | 29.24 | 29.24 |
| Announcement Date | 2/12/20 | 1/26/21 | 1/19/22 | 1/18/23 | 1/18/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 600 | 709 | 1,623 | 1,536 | 2,131 | 2,554 | 2,975 | 3,606 |
| EBITDA 1 | 275 | 385 | 1,100 | 829 | 1,226 | 1,605 | 1,934 | 2,459 |
| EBIT 1 | 245 | 350 | 1,063 | 785 | 1,172 | 1,516 | 1,825 | 2,405 |
| Operating Margin | 40.83% | 49.37% | 65.5% | 51.11% | 55% | 59.36% | 61.34% | 66.7% |
| Earnings before Tax (EBT) 1 | 173 | 311 | 878 | 263 | 239 | 1,258 | 1,429 | 1,803 |
| Net income 1 | 160 | 379 | 909 | 176 | 130 | 929.2 | 1,282 | 1,771 |
| Net margin | 26.67% | 53.46% | 56.01% | 11.46% | 6.1% | 36.38% | 43.09% | 49.11% |
| EPS 2 | 0.1870 | 0.3980 | 0.9290 | 0.1710 | 0.1170 | 0.7843 | 1.083 | 1.500 |
| Free Cash Flow 1 | 226 | 163.4 | 597 | 518 | 922 | 1,176 | 1,579 | 2,130 |
| FCF margin | 37.67% | 23.05% | 36.78% | 33.72% | 43.27% | 46.06% | 53.08% | 59.05% |
| FCF Conversion (EBITDA) | 82.18% | 42.44% | 54.27% | 62.48% | 75.2% | 73.31% | 81.65% | 86.62% |
| FCF Conversion (Net income) | 141.25% | 43.11% | 65.68% | 294.32% | 709.23% | 126.61% | 123.18% | 120.26% |
| Dividend per Share 2 | 0.2098 | 0.2344 | 0.2712 | 0.2695 | 0.3163 | 0.3403 | 0.3966 | 0.4719 |
| Announcement Date | 2/12/20 | 1/26/21 | 1/19/22 | 1/18/23 | 1/18/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 304 | 264 | 444 | 709 | 912 | 733 | 804 | 1,019 | 1,112 | 1,136 | 1,483 |
| EBITDA 1 | - | 80 | 305 | 492 | 608 | 413 | 416 | 555 | 653 | 648 | 836 |
| EBIT 1 | - | 63 | 286 | 476 | 587 | 393 | 392 | 530 | 624 | 631.6 | 953.1 |
| Operating Margin | - | 23.86% | 64.41% | 67.14% | 64.36% | 53.62% | 48.76% | 52.01% | 56.12% | 55.6% | 64.27% |
| Earnings before Tax (EBT) | - | 68 | 243 | 397 | 481 | - | - | - | - | - | - |
| Net income | - | - | 332 | 361 | 548 | - | -58 | 11 | 118 | - | - |
| Net margin | - | - | 74.77% | 50.92% | 60.09% | - | -7.21% | 1.08% | 10.61% | - | - |
| EPS 2 | - | 0.0620 | 0.3480 | 0.3720 | - | - | -0.0540 | 0.0100 | 0.1080 | 0.4600 | 0.8300 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/12/20 | 8/20/20 | 1/26/21 | 7/22/21 | 1/19/22 | 7/14/22 | 1/18/23 | 7/14/23 | 1/18/24 | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 998 | - | - | - |
| Net Cash position 1 | 810 | 789 | 588 | - | - | 487 | 1,316 | 2,231 |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.814 x | - | - | - |
| Free Cash Flow 1 | 226 | 163 | 597 | 518 | 922 | 1,177 | 1,579 | 2,130 |
| ROE (net income / shareholders' equity) | 22.6% | 32.3% | 43.2% | 3.77% | 16.4% | 18% | 20.1% | 23.5% |
| ROA (Net income/ Total Assets) | 16.4% | 24.8% | 33% | 2.61% | 10.8% | 9.8% | 12.4% | 16.4% |
| Assets 1 | 977.5 | 1,526 | 2,758 | 6,747 | 1,200 | 9,482 | 10,374 | 10,830 |
| Book Value Per Share 2 | 1.140 | 1.320 | 2.980 | 6.200 | 5.060 | 5.580 | 6.300 | 7.310 |
| Cash Flow per Share 2 | 0.2900 | 0.1800 | 0.6200 | 0.5300 | 0.8000 | 1.200 | 1.530 | 1.700 |
| Capex 1 | 18 | 8.4 | 11 | 31 | 23 | 18 | 19 | 19.8 |
| Capex / Sales | 3% | 1.18% | 0.68% | 2.02% | 1.08% | 0.7% | 0.64% | 0.55% |
| Announcement Date | 2/12/20 | 1/26/21 | 1/19/22 | 1/18/23 | 1/18/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
29.24
EUR
Average target price
30.42
EUR
Spread / Average Target
+4.06%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +19.30% | 37.5B | |
| 0.00% | 20.22B | |
| +5.18% | 5.47B | |
| +7.29% | 3.34B | |
| +21.46% | 2.91B | |
| +7.62% | 2.79B | |
| -15.02% | 2.37B | |
| +2.51% | 1.22B | |
| +13.08% | 1.26B | |
| +7.08% | 906M |
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- Financials EQT AB
