Financials Micro Systemation AB

Equities

MSAB B

SE0000526626

Office Equipment

Market Closed - Nasdaq Stockholm 11:29:53 2024-05-03 am EDT 5-day change 1st Jan Change
54.2 SEK +1.50% Intraday chart for Micro Systemation AB +9.49% -15.71%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 674.1 749.8 709.2 771.1 1,188 1,001 - -
Enterprise Value (EV) 1 638.5 675.6 653.2 722.2 1,100 889.9 864.5 828.1
P/E ratio 130 x 46.1 x 20.3 x 46.9 x 39.7 x 18.6 x 14.7 x 12.5 x
Yield 0.27% - - 3.59% - 4.06% 4.61% 4.98%
Capitalization / Revenue 2.19 x 2.42 x 2.13 x 2.12 x 2.85 x 2.21 x 1.99 x 1.81 x
EV / Revenue 2.08 x 2.18 x 1.96 x 1.99 x 2.64 x 1.97 x 1.72 x 1.5 x
EV / EBITDA 35.1 x 16.5 x 11.5 x 22.6 x 19.6 x 10.1 x 8.08 x 6.73 x
EV / FCF 39.4 x 13.1 x 65.3 x 15 x 14.8 x 12.9 x 10.5 x 8.38 x
FCF Yield 2.54% 7.61% 1.53% 6.66% 6.76% 7.74% 9.5% 11.9%
Price to Book 8.9 x 8.49 x 8 x 7.48 x 10.3 x 7.35 x 6.12 x 5.07 x
Nbr of stocks (in thousands) 18,468 18,468 18,468 18,468 18,468 18,468 - -
Reference price 2 36.50 40.60 38.40 41.75 64.30 54.20 54.20 54.20
Announcement Date 1/29/20 1/27/21 1/27/22 1/27/23 1/25/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 307.6 310.1 333 363 416.9 452 504 552
EBITDA 1 18.2 40.9 56.7 31.9 56.1 88 107 123
EBIT 1 6.2 28.6 44.3 18.8 40.9 72.8 91.6 108
Operating Margin 2.02% 9.22% 13.3% 5.18% 9.81% 16.11% 18.17% 19.57%
Earnings before Tax (EBT) 1 7.3 22.3 44.2 21.5 38.7 72.8 91.6 108
Net income 1 4.9 16.3 34.8 17.1 30 56.1 70.5 82.8
Net margin 1.59% 5.26% 10.45% 4.71% 7.2% 12.41% 13.99% 15%
EPS 2 0.2800 0.8800 1.890 0.8900 1.620 2.920 3.680 4.320
Free Cash Flow 1 16.2 51.4 10 48.1 74.4 68.9 82.1 98.8
FCF margin 5.27% 16.58% 3% 13.25% 17.85% 15.24% 16.29% 17.9%
FCF Conversion (EBITDA) 89.01% 125.67% 17.64% 150.78% 132.62% 78.3% 76.73% 80.33%
FCF Conversion (Net income) 330.61% 315.34% 28.74% 281.29% 248% 122.82% 116.45% 119.32%
Dividend per Share 2 0.1000 - - 1.500 - 2.200 2.500 2.700
Announcement Date 1/29/20 1/27/21 1/27/22 1/27/23 1/25/24 - - -
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 1 108.5 75.6 87.1 93.7 106.6 87.4 104.7 108 116.9 92.8 103 118 135
EBITDA 19.7 2.9 6.1 12 11 11.9 13.1 29 8.7 - - - -
EBIT 16.2 -0.2 2.7 8.7 7.7 8.2 9.2 25.1 4.9 - - - -
Operating Margin 14.93% -0.26% 3.1% 9.28% 7.22% 9.38% 8.79% 23.24% 4.19% - - - -
Earnings before Tax (EBT) 1 16.1 1.4 3.4 9.1 7.5 8.5 3.2 25 2 -7.2 11 27 31
Net income 1 12.7 1.4 2.7 6.8 6.3 6.7 2.9 19.5 0.9 -7.6 9 21 24
Net margin 11.71% 1.85% 3.1% 7.26% 5.91% 7.67% 2.77% 18.06% 0.77% -8.19% 8.74% 17.8% 17.78%
EPS 0.6900 0.0700 0.1500 0.3700 0.3300 0.3600 - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 1/27/22 4/28/22 7/22/22 10/26/22 1/27/23 4/27/23 7/20/23 10/26/23 1/25/24 4/30/24 - - -
1SEK in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 35.6 74.2 56 48.9 87.4 111 137 173
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 16.2 51.4 10 48.1 74.4 68.9 82.1 98.8
ROE (net income / shareholders' equity) - 19.8% 38.9% 16.6% 26.4% 45.9% 45.4% 44.3%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 4.100 4.780 4.800 5.580 6.270 7.370 8.850 10.70
Cash Flow per Share 2 0.9600 2.810 0.6000 2.590 4.050 3.800 4.300 5.200
Capex 1 1.5 0.6 0.2 1.7 0.6 0.7 0.7 0.7
Capex / Sales 0.49% 0.19% 0.06% 0.47% 0.14% 0.15% 0.14% 0.13%
Announcement Date 1/29/20 1/27/21 1/27/22 1/27/23 1/25/24 - - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
54.2 SEK
Average target price
84 SEK
Spread / Average Target
+54.98%
Consensus
  1. Stock Market
  2. Equities
  3. MSAB B Stock
  4. Financials Micro Systemation AB