Financials QleanAir AB

Equities

QAIR

SE0013382066

Environmental Services & Equipment

Market Closed - Nasdaq Stockholm 11:24:29 2024-05-20 am EDT 5-day change 1st Jan Change
31.9 SEK +5.28% Intraday chart for QleanAir AB +7.77% -2.60%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 531.1 787.5 977.7 330.6 486.6 474 - -
Enterprise Value (EV) 1 761.1 1,003 1,131 514.9 646.7 612 578.3 535.9
P/E ratio -79 x 11.9 x 16.7 x 25 x 11.2 x 11.7 x 7.83 x 6.5 x
Yield 0.63% 2.45% 2.28% - 1.83% 3.38% 5.11% 6.16%
Capitalization / Revenue 1.16 x 1.6 x 2.17 x 0.73 x 0.97 x 0.95 x 0.84 x 0.79 x
EV / Revenue 1.67 x 2.03 x 2.51 x 1.13 x 1.28 x 1.23 x 1.03 x 0.89 x
EV / EBITDA 7.23 x 8.1 x 10.1 x 8.61 x 6.64 x 6.37 x 4.74 x 3.91 x
EV / FCF - - 14.9 x 72.4 x 15 x 13 x - -
FCF Yield - - 6.71% 1.38% 6.67% 7.68% - -
Price to Book 6.08 x 5.02 x - 1.8 x 2.26 x 1.94 x 1.64 x 1.4 x
Nbr of stocks (in thousands) 13,284 14,859 14,859 14,859 14,859 14,859 - -
Reference price 2 39.98 53.00 65.80 22.25 32.75 31.90 31.90 31.90
Announcement Date 2/20/20 2/15/21 2/11/22 1/31/23 2/9/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 456.9 493 450.6 455 503.5 499.5 562.2 602.6
EBITDA 1 105.2 123.7 112.4 59.78 97.47 96.07 121.9 136.9
EBIT 1 83.72 95.04 83.4 50 66.67 62.35 92.63 101.7
Operating Margin 18.32% 19.28% 18.51% 10.99% 13.24% 12.48% 16.48% 16.88%
Earnings before Tax (EBT) 1 8.837 85.62 75.54 20.78 55.7 53.15 79.84 95.99
Net income 1 -7.521 67 59.26 13.29 43.37 40.48 62.78 72.95
Net margin -1.65% 13.59% 13.15% 2.92% 8.61% 8.1% 11.17% 12.11%
EPS 2 -0.5062 4.440 3.930 0.8900 2.920 2.724 4.075 4.910
Free Cash Flow 1 - - 75.86 7.108 43.14 47 - -
FCF margin - - 16.84% 1.56% 8.57% 9.41% - -
FCF Conversion (EBITDA) - - 67.47% 11.89% 44.26% 48.92% - -
FCF Conversion (Net income) - - 128.01% 53.48% 99.49% 116.1% - -
Dividend per Share 2 0.2500 1.300 1.500 - 0.6000 1.080 1.630 1.964
Announcement Date 2/20/20 2/15/21 2/11/22 1/31/23 2/9/24 - - -
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 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 118.1 115.4 108.3 111.4 120 121 134.9 123.8 119.1 124.9 127 128.6 - -
EBITDA 1 25.43 25.15 18.89 25.38 -9.642 24.79 29.72 17.81 19.86 24.78 25.44 25.99 - -
EBIT 1 17.89 17.56 11.26 17.47 3 16.6 21.08 9.627 11.6 16.29 16.95 17.5 - -
Operating Margin 15.15% 15.22% 10.4% 15.68% 2.5% 13.71% 15.63% 7.78% 9.74% 13.04% 13.35% 13.62% - -
Earnings before Tax (EBT) 1 15.99 18.03 10.68 14.34 -22.26 14.05 21.48 6.133 10.24 13.34 14.55 15.02 17.89 19.36
Net income 1 7.318 13.7 7.634 10.63 -18.67 10.04 17.54 5.401 7.869 10.14 11.06 11.41 13.6 14.72
Net margin 6.2% 11.87% 7.05% 9.54% -15.56% 8.29% 13.01% 4.36% 6.61% 8.12% 8.71% 8.88% - -
EPS 2 0.4900 0.9100 0.4900 0.7100 -1.260 0.6800 1.180 0.3600 0.5300 0.6823 0.7443 0.7682 0.9153 0.9904
Dividend per Share 2 - - 1.500 - - - - - - 0.6000 - - - -
Announcement Date 2/11/22 5/12/22 8/10/22 11/10/22 1/31/23 5/10/23 8/10/23 2/9/24 5/8/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 230 215 153 184 160 138 104 61.9
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.187 x 1.737 x 1.363 x 3.082 x 1.643 x 1.436 x 0.856 x 0.4523 x
Free Cash Flow 1 - - 75.9 7.11 43.1 47 - -
ROE (net income / shareholders' equity) 54.6% 52.6% 33.8% 16.3% 21.7% 17.6% 22.7% 23.3%
ROA (Net income/ Total Assets) - - 9.91% - - - - -
Assets 1 - - 598 - - - - -
Book Value Per Share 2 6.580 10.60 - 12.40 14.50 16.40 19.40 22.70
Cash Flow per Share - - - - - - - -
Capex 1 - - 25.6 22.6 19.5 26 - -
Capex / Sales - - 5.68% 4.97% 3.87% 5.2% - -
Announcement Date 2/20/20 2/15/21 2/11/22 1/31/23 2/9/24 - - -
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
1
Last Close Price
31.9 SEK
Average target price
45 SEK
Spread / Average Target
+41.07%
Consensus
  1. Stock Market
  2. Equities
  3. QAIR Stock
  4. Financials QleanAir AB
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