Financials Malmbergs Elektriska AB

Equities

MEAB B

SE0000507659

Electrical Components & Equipment

Market Closed - Nasdaq Stockholm 08:48:38 2024-05-03 am EDT 5-day change 1st Jan Change
42 SEK +1.45% Intraday chart for Malmbergs Elektriska AB -1.18% -9.29%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 646.4 496 464 518.4 379.2 370.4
Enterprise Value (EV) 1 587.5 566.2 468.6 545.7 434.8 387.6
P/E ratio 16.4 x 14.3 x 17.1 x 14.5 x 11.5 x 38.4 x
Yield 3.09% - 2.59% 2.31% 4.22% 4.32%
Capitalization / Revenue 1.06 x 0.81 x 0.75 x 0.82 x 0.57 x 0.62 x
EV / Revenue 0.96 x 0.92 x 0.76 x 0.86 x 0.65 x 0.65 x
EV / EBITDA 10.3 x 7.2 x 6.27 x 10.6 x 8.12 x 20.4 x
EV / FCF 15.5 x 8.24 x 5.4 x 151 x 31.4 x 4.49 x
FCF Yield 6.47% 12.1% 18.5% 0.66% 3.18% 22.3%
Price to Book 2.23 x 1.63 x 1.41 x 1.46 x 1 x 1 x
Nbr of stocks (in thousands) 8,000 8,000 8,000 8,000 8,000 8,000
Reference price 2 80.80 62.00 58.00 64.80 47.40 46.30
Announcement Date 3/29/19 4/7/20 3/31/21 3/29/22 3/27/23 3/26/24
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 612.5 612.5 617.5 633.7 668.7 598.7
EBITDA 1 57.01 78.59 74.73 51.35 53.51 18.97
EBIT 1 51.06 72.76 68.88 45.14 46.06 11.52
Operating Margin 8.34% 11.88% 11.15% 7.12% 6.89% 1.92%
Earnings before Tax (EBT) 1 50.76 44.25 34.89 44.83 42.55 11.96
Net income 1 39.36 34.68 27.2 35.79 33.06 9.649
Net margin 6.43% 5.66% 4.4% 5.65% 4.94% 1.61%
EPS 2 4.920 4.335 3.400 4.473 4.132 1.206
Free Cash Flow 1 37.99 68.75 86.73 3.605 13.83 86.31
FCF margin 6.2% 11.22% 14.05% 0.57% 2.07% 14.42%
FCF Conversion (EBITDA) 66.64% 87.47% 116.06% 7.02% 25.84% 455.08%
FCF Conversion (Net income) 96.51% 198.23% 318.92% 10.07% 41.83% 894.51%
Dividend per Share 2 2.500 - 1.500 1.500 2.000 2.000
Announcement Date 3/29/19 4/7/20 3/31/21 3/29/22 3/27/23 3/26/24
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 70.2 4.57 27.3 55.6 17.2
Net Cash position 1 58.9 - - - - -
Leverage (Debt/EBITDA) - 0.8926 x 0.0611 x 0.531 x 1.038 x 0.9071 x
Free Cash Flow 1 38 68.7 86.7 3.61 13.8 86.3
ROE (net income / shareholders' equity) 13.6% 11.7% 8.57% 10.5% 9.01% 2.58%
ROA (Net income/ Total Assets) 7.9% 9.73% 7.96% 5.21% 5.06% 1.25%
Assets 1 498.1 356.3 341.8 686.9 653.8 772.8
Book Value Per Share 2 36.20 38.10 41.20 44.30 47.40 46.30
Cash Flow per Share 2 11.10 9.840 14.80 9.120 6.440 11.00
Capex 1 3.84 3.6 6.64 14.7 4.31 2.8
Capex / Sales 0.63% 0.59% 1.08% 2.32% 0.64% 0.47%
Announcement Date 3/29/19 4/7/20 3/31/21 3/29/22 3/27/23 3/26/24
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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