Financials AB SKF

Equities

SKF B

SE0000108227

Industrial Machinery & Equipment

Market Closed - Nasdaq Stockholm 11:29:32 2024-04-26 am EDT 5-day change 1st Jan Change
225.2 SEK +2.55% Intraday chart for AB SKF +2.60% +11.87%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 86,224 97,191 97,825 72,476 91,712 102,583 - -
Enterprise Value (EV) 1 108,400 115,651 115,185 91,510 107,903 112,941 110,306 108,776
P/E ratio 15.5 x 22.6 x 13.3 x 16.2 x 14.3 x 14.6 x 12.3 x 11.2 x
Yield 3.3% 3.05% 3.26% 4.4% 3.48% 3.51% 3.84% 4.17%
Capitalization / Revenue 1 x 1.3 x 1.2 x 0.75 x 0.88 x 1.03 x 0.98 x 0.95 x
EV / Revenue 1.26 x 1.55 x 1.41 x 0.94 x 1.04 x 1.13 x 1.05 x 1 x
EV / EBITDA 8.41 x 11 x 8.14 x 6.54 x 6.25 x 7.1 x 6.27 x 5.88 x
EV / FCF 21.7 x 23.7 x 54.9 x 310 x 13.6 x 16.4 x 15.3 x 13.1 x
FCF Yield 4.61% 4.22% 1.82% 0.32% 7.34% 6.1% 6.54% 7.62%
Price to Book 2.43 x 2.83 x 2.24 x 1.4 x 1.74 x 1.8 x 1.66 x 1.54 x
Nbr of stocks (in thousands) 455,351 455,351 455,351 455,351 455,351 455,351 - -
Reference price 2 189.4 213.4 214.5 159.2 201.3 225.2 225.2 225.2
Announcement Date 2/4/20 2/2/21 2/3/22 2/2/23 1/31/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 86,013 74,852 81,732 96,933 103,881 99,764 104,666 108,357
EBITDA 1 12,892 10,470 14,149 13,988 17,274 15,904 17,585 18,512
EBIT 1 10,136 9,194 10,839 10,204 12,977 12,348 13,420 14,152
Operating Margin 11.78% 12.28% 13.26% 10.53% 12.49% 12.38% 12.82% 13.06%
Earnings before Tax (EBT) 1 8,469 6,300 10,063 7,293 9,181 10,128 11,944 12,742
Net income 1 5,557 4,298 7,331 4,469 6,395 6,672 8,358 9,190
Net margin 6.46% 5.74% 8.97% 4.61% 6.16% 6.69% 7.98% 8.48%
EPS 2 12.20 9.440 16.09 9.810 14.04 15.44 18.24 20.09
Free Cash Flow 1 4,992 4,885 2,100 295 7,916 6,889 7,215 8,285
FCF margin 5.8% 6.53% 2.57% 0.3% 7.62% 6.91% 6.89% 7.65%
FCF Conversion (EBITDA) 38.72% 46.66% 14.84% 2.11% 45.83% 43.32% 41.03% 44.75%
FCF Conversion (Net income) 89.83% 113.66% 28.65% 6.6% 123.78% 103.25% 86.32% 90.15%
Dividend per Share 2 6.250 6.500 7.000 7.000 7.000 7.903 8.655 9.382
Announcement Date 2/4/20 2/2/21 2/3/22 2/2/23 1/31/24 - - -
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 20,986 22,942 23,655 24,975 25,361 26,549 27,123 25,771 24,438 24,699 25,836 24,833 24,262 25,880 26,903
EBITDA 1 3,479 3,814 3,371 3,108 3,591 4,476 4,555 4,035 4,208 4,375 4,345 4,085 4,426 - -
EBIT 1 2,260 3,058 2,473 2,131 2,542 3,478 3,614 2,956 2,929 3,303 3,283 2,943 3,155 - -
Operating Margin 10.77% 13.33% 10.45% 8.53% 10.02% 13.1% 13.32% 11.47% 11.99% 13.37% 12.71% 11.85% 13% - -
Earnings before Tax (EBT) 1 2,328 2,885 1,097 1,618 1,693 2,942 2,830 2,193 1,216 2,722 2,807 2,431 2,473 3,129 3,280
Net income 1 1,705 1,984 493 1,099 893 2,073 2,042 1,657 623 1,888 1,989 1,748 1,812 2,268 2,380
Net margin 8.12% 8.65% 2.08% 4.4% 3.52% 7.81% 7.53% 6.43% 2.55% 7.64% 7.7% 7.04% 7.47% 8.76% 8.85%
EPS 2 3.740 4.360 1.080 2.410 1.960 4.550 4.480 3.640 1.370 4.150 4.306 3.802 3.960 4.866 5.115
Dividend per Share 2 7.000 - - - 7.000 - - - - - - - 2.840 8.691 -
Announcement Date 2/3/22 4/26/22 7/20/22 10/25/22 2/2/23 4/27/23 7/19/23 10/27/23 1/31/24 4/26/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 22,176 18,460 17,360 19,034 16,191 10,358 7,723 6,193
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.72 x 1.763 x 1.227 x 1.361 x 0.9373 x 0.6513 x 0.4392 x 0.3345 x
Free Cash Flow 1 4,992 4,885 2,100 295 7,916 6,889 7,215 8,285
ROE (net income / shareholders' equity) 17.6% 12.3% 18.8% 9.35% 12.2% 13% 14.3% 14.3%
ROA (Net income/ Total Assets) 6.69% 4.65% 7.71% 4.25% 5.74% 6.44% 6.75% 6.89%
Assets 1 83,066 92,333 95,093 105,274 111,413 103,618 123,732 133,363
Book Value Per Share 2 78.00 75.30 95.80 114.0 116.0 125.0 136.0 146.0
Cash Flow per Share 2 20.60 18.10 11.50 12.40 30.30 25.30 26.10 27.60
Capex 1 4,418 3,380 3,933 5,389 5,960 5,638 5,404 4,897
Capex / Sales 5.14% 4.52% 4.81% 5.56% 5.74% 5.65% 5.16% 4.52%
Announcement Date 2/4/20 2/2/21 2/3/22 2/2/23 1/31/24 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
21
Last Close Price
225.2 SEK
Average target price
231.2 SEK
Spread / Average Target
+2.66%
Consensus