Financials K2A Knaust & Andersson Fastigheter AB

Equities

K2A B

SE0010520254

Real Estate Development & Operations

Market Closed - Nasdaq Stockholm 11:09:31 2024-06-04 am EDT 5-day change 1st Jan Change
5.92 SEK -2.31% Intraday chart for K2A Knaust & Andersson Fastigheter AB -0.34% -28.76%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,847 3,382 5,255 1,192 713.5 520.3 - -
Enterprise Value (EV) 1 5,333 7,154 10,772 1,192 713.5 7,282 7,397 7,393
P/E ratio 14.6 x 19.2 x 7.56 x 12.9 x -1.08 x -53.2 x 22.4 x 4.15 x
Yield - 0.25% 0.25% - - - - -
Capitalization / Revenue 19.3 x 16.7 x 19.3 x 3.18 x 1.61 x 1.07 x 1.02 x 0.92 x
EV / Revenue 36.2 x 35.4 x 39.5 x 3.18 x 1.61 x 15 x 14.4 x 13.1 x
EV / EBITDA 82.4 x - 42.4 x 6.44 x - 25.8 x 23.9 x 21.6 x
EV / FCF - - -5.51 x - - 47.3 x 370 x 528 x
FCF Yield - - -18.1% - - 2.11% 0.27% 0.19%
Price to Book - - 1.81 x - - 0.22 x 0.22 x 0.21 x
Nbr of stocks (in thousands) 80,233 85,411 85,865 85,865 85,865 85,865 - -
Reference price 2 35.48 39.60 61.20 13.88 8.310 6.060 6.060 6.060
Announcement Date 2/19/20 2/17/21 2/16/22 2/14/23 2/14/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 147.5 202.2 272.7 374.7 443.6 484.1 512.3 563.5
EBITDA 1 64.7 - 253.8 185.1 - 282.5 309.8 342.1
EBIT 1 64.7 - 253.4 184 - 282.5 302 342.1
Operating Margin 43.86% - 92.92% 49.11% - 58.37% 58.95% 60.72%
Earnings before Tax (EBT) 1 282.2 267.3 942.3 214.3 - 111 75.99 249
Net income 1 203.2 219.1 755.5 159.5 - -9.774 23.38 125.4
Net margin 137.76% 108.36% 277.04% 42.57% - -2.02% 4.56% 22.26%
EPS 2 2.426 2.062 8.100 1.080 -7.710 -0.1138 0.2701 1.461
Free Cash Flow 1 - - -1,954 - - 154 20 14
FCF margin - - -716.35% - - 31.81% 3.9% 2.48%
FCF Conversion (EBITDA) - - - - - 54.51% 6.45% 4.09%
FCF Conversion (Net income) - - - - - - 85.53% 11.16%
Dividend per Share 2 - 0.1000 0.1500 - - - - -
Announcement Date 2/19/20 2/17/21 2/16/22 2/14/23 2/14/24 - - -
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
Net sales 1 79.7 85.6 87.8 96.3 105 110.3 111.4 - 116.1 119 122 122 122
EBITDA 155.2 - - - - - - - - - - - -
EBIT 1 155.1 69.1 42.3 52.3 58 52.1 69.9 - - - 79 79 61
Operating Margin 194.6% 80.72% 48.18% 54.31% 55.24% 47.23% 62.75% - - - 64.75% 64.75% 50%
Earnings before Tax (EBT) 1 518.5 296.7 - 21.4 -322.7 -183.2 -115.8 -170.9 - - 30 28 55
Net income 1 433.4 239 - 10.3 -274.1 -174.2 -82.9 -150.6 - - 4 2 25
Net margin 543.79% 279.21% - 10.7% -261.05% -157.93% -74.42% - - - 3.28% 1.64% 20.49%
EPS 4.860 2.600 - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/16/22 4/29/22 7/15/22 10/26/22 2/14/23 4/27/23 7/17/23 11/8/23 2/14/24 4/25/24 - - -
1SEK in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,486 3,771 5,517 - - 6,762 6,877 6,873
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 38.42 x - 21.74 x - - 23.93 x 22.19 x 20.09 x
Free Cash Flow 1 - - -1,954 - - 154 20 14
ROE (net income / shareholders' equity) 18.5% 13.8% 32.4% - - -0.42% 1% 5.25%
ROA (Net income/ Total Assets) - - 9.41% - - -0.1% -0.23% 1.21%
Assets 1 - - 8,026 - - 10,181 -10,347 10,365
Book Value Per Share 2 - - 33.80 - - 27.30 27.10 28.50
Cash Flow per Share - - - - - - - -
Capex 1 - - 2,019 - - 62.9 77 75.1
Capex / Sales - - 740.3% - - 12.99% 15.02% 13.33%
Announcement Date 2/19/20 2/17/21 2/16/22 2/14/23 2/14/24 - - -
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
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
6.06 SEK
Average target price
9 SEK
Spread / Average Target
+48.51%
Consensus

Quarterly revenue - Rate of surprise

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