Financials Husqvarna AB Nasdaq Stockholm

Equities

HUSQ A

SE0001662222

Appliances, Tools & Housewares

Market Closed - Nasdaq Stockholm 12:00:00 2024-07-12 pm EDT 5-day change 1st Jan Change
92 SEK +3.60% Intraday chart for Husqvarna AB +5.75% +11.79%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 42,880 61,035 82,916 41,753 47,275 52,654 - -
Enterprise Value (EV) 1 54,195 67,528 92,539 59,462 62,915 65,574 63,891 62,103
P/E ratio 17 x 24.5 x 18.7 x 21.6 x 21.8 x 17.4 x 14.6 x 12.9 x
Yield - 2.25% 2.07% 4.1% 3.62% 3.43% 3.73% 4.15%
Capitalization / Revenue 1.01 x 1.46 x 1.76 x 0.77 x 0.89 x 1.04 x 0.99 x 0.95 x
EV / Revenue 1.28 x 1.61 x 1.97 x 1.1 x 1.18 x 1.29 x 1.2 x 1.12 x
EV / EBITDA 9.38 x 10.9 x 11.6 x 9.31 x 7.95 x 8.8 x 7.71 x 7.04 x
EV / FCF 20.3 x 11.1 x 29.5 x -14.7 x 14.2 x 14.2 x 18.3 x 15.5 x
FCF Yield 4.94% 9.01% 3.39% -6.81% 7.06% 7.06% 5.46% 6.44%
Price to Book 2.48 x 3.57 x 3.84 x 1.75 x 1.99 x 2.1 x 1.96 x 1.83 x
Nbr of stocks (in thousands) 572,203 572,578 572,922 570,453 570,618 571,519 - -
Reference price 2 75.02 106.5 144.8 73.12 82.98 92.16 92.16 92.16
Announcement Date 2/4/20 2/3/21 2/3/22 2/1/23 2/2/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 42,277 41,943 47,059 54,037 53,261 50,843 53,424 55,568
EBITDA 1 5,779 6,206 7,987 6,385 7,911 7,452 8,282 8,827
EBIT 1 3,915 4,484 5,684 4,853 4,970 4,777 5,478 5,989
Operating Margin 9.26% 10.69% 12.08% 8.98% 9.33% 9.39% 10.25% 10.78%
Earnings before Tax (EBT) 1 3,122 3,330 5,494 2,581 2,878 3,959 4,758 5,347
Net income 1 2,527 2,494 4,437 1,932 2,177 3,026 3,622 4,078
Net margin 5.98% 5.95% 9.43% 3.58% 4.09% 5.95% 6.78% 7.34%
EPS 2 4.420 4.350 7.730 3.380 3.810 5.285 6.329 7.121
Free Cash Flow 1 2,676 6,087 3,140 -4,052 4,440 4,628 3,486 3,997
FCF margin 6.33% 14.51% 6.67% -7.5% 8.34% 9.1% 6.53% 7.19%
FCF Conversion (EBITDA) 46.31% 98.08% 39.31% - 56.12% 62.1% 42.09% 45.28%
FCF Conversion (Net income) 105.9% 244.07% 70.77% - 203.95% 152.95% 96.23% 98.02%
Dividend per Share 2 - 2.400 3.000 3.000 3.000 3.160 3.434 3.822
Announcement Date 2/4/20 2/3/21 2/3/22 2/1/23 2/2/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 8,234 15,685 15,792 12,206 10,353 17,167 16,976 10,512 8,605 14,719 16,563 10,649 8,988 14,728 16,030
EBITDA 1 480 2,788 2,695 1,260 -287 3,105 3,031 1,112 631 2,667 2,971 1,178 460.7 2,360 2,363
EBIT 1 -180 2,190 2,075 555 -13 2,410 2,313 398 -168 1,930 2,345 562.8 -31.65 1,897 1,901
Operating Margin -2.19% 13.96% 13.14% 4.55% -0.13% 14.04% 13.63% 3.79% -1.95% 13.11% 14.16% 5.28% -0.35% 12.88% 11.86%
Earnings before Tax (EBT) 1 -163 2,098 1,978 468 -1,963 2,119 1,854 178 -1,272 1,702 2,116 316.6 -288.5 1,746 1,752
Net income 1 148 1,638 1,417 269 -1,392 1,653 1,411 125 -1,011 1,322 1,608 240.6 -219.2 1,327 1,331
Net margin 1.8% 10.44% 8.97% 2.2% -13.45% 9.63% 8.31% 1.19% -11.75% 8.98% 9.71% 2.26% -2.44% 9.01% 8.3%
EPS 2 0.2600 2.860 2.470 0.4700 -2.430 2.880 2.460 0.2200 -1.770 2.310 2.810 0.4203 -0.3830 2.320 2.330
Dividend per Share 2 - - - - - - - - - - 1.167 - 2.333 - -
Announcement Date 2/3/22 4/21/22 7/15/22 10/21/22 2/1/23 4/20/23 7/18/23 10/20/23 2/2/24 4/24/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 11,315 6,493 9,623 17,709 15,640 12,920 11,238 9,449
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.958 x 1.046 x 1.205 x 2.774 x 1.977 x 1.734 x 1.357 x 1.07 x
Free Cash Flow 1 2,676 6,087 3,140 -4,052 4,440 4,628 3,486 3,997
ROE (net income / shareholders' equity) 15.2% 13.5% 22.2% 13.7% 12.6% 12.3% 13.8% 14.5%
ROA (Net income/ Total Assets) 6.27% 5.83% 9.4% 3.43% 3.65% 5.2% 6.1% 7%
Assets 1 40,294 42,749 47,217 56,277 59,623 58,188 59,385 58,253
Book Value Per Share 2 30.20 29.80 37.70 41.90 41.60 43.90 46.90 50.40
Cash Flow per Share 2 8.580 14.10 9.870 -2.980 12.40 12.40 9.700 10.50
Capex 1 2,232 1,994 2,524 2,344 2,627 2,556 2,744 2,720
Capex / Sales 5.28% 4.75% 5.36% 4.34% 4.93% 5.03% 5.14% 4.9%
Announcement Date 2/4/20 2/3/21 2/3/22 2/1/23 2/2/24 - - -
1SEK in Million2SEK
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
92.16 SEK
Average target price
92.14 SEK
Spread / Average Target
-0.02%
Consensus