Financials C-Rad AB

Equities

CRAD B

SE0002016352

Advanced Medical Equipment & Technology

Market Closed - Nasdaq Stockholm 11:14:20 2024-04-26 am EDT 5-day change 1st Jan Change
38.7 SEK +0.65% Intraday chart for C-Rad AB -3.49% -8.29%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,622 1,880 1,287 1,421 1,303 - -
Enterprise Value (EV) 1 1,622 1,758 1,165 1,292 1,101 1,017 913.7
P/E ratio 112 x 75.3 x 173 x 31 x 18.5 x 13.2 x 10.8 x
Yield - - - - - - -
Capitalization / Revenue - 7.2 x 4.27 x 3.35 x 2.7 x 2.34 x 2.06 x
EV / Revenue - 6.73 x 3.87 x 3.04 x 2.28 x 1.83 x 1.44 x
EV / EBITDA - 38.5 x 32.2 x 19.5 x 11.2 x 7.57 x 5.64 x
EV / FCF - 143 x -760 x 78.8 x 15.2 x 12.3 x 8.93 x
FCF Yield - 0.7% -0.13% 1.27% 6.6% 8.14% 11.2%
Price to Book - 8.13 x 5.31 x 5.06 x 3.71 x 2.9 x 2.29 x
Nbr of stocks (in thousands) 33,659 33,752 33,767 33,678 33,678 - -
Reference price 2 48.20 55.70 38.10 42.20 38.70 38.70 38.70
Announcement Date 4/16/21 1/27/22 1/26/23 2/8/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 261.2 301.3 424.6 482.9 556.6 633.1
EBITDA 1 - 45.7 36.2 66.4 98.38 134.4 162
EBIT 1 - 36 26.1 57.5 87.98 123.4 150.6
Operating Margin - 13.78% 8.66% 13.54% 18.22% 22.17% 23.79%
Earnings before Tax (EBT) 1 - 35.7 21.5 57.2 88.69 124.4 152
Net income 1 14.36 25.1 7.5 46.1 70.42 98.77 120.7
Net margin - 9.61% 2.49% 10.86% 14.58% 17.74% 19.07%
EPS 2 0.4300 0.7400 0.2200 1.360 2.090 2.931 3.582
Free Cash Flow 1 - 12.3 -1.532 16.4 72.6 82.8 102.3
FCF margin - 4.71% -0.51% 3.86% 15.03% 14.88% 16.16%
FCF Conversion (EBITDA) - 26.91% - 24.7% 73.8% 61.59% 63.14%
FCF Conversion (Net income) - 49% - 35.57% 103.09% 83.84% 84.75%
Dividend per Share 2 - - - - - - -
Announcement Date 4/16/21 1/27/22 1/26/23 2/8/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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 63.2 77.4 56.3 62.7 83.5 98.8 84.4 90.6 111.2 138.4 106.9 109 123.7 143.3
EBITDA 1 11.3 17.4 2.8 3.3 17.1 13 8.7 9.6 21 27 16.28 17.75 30.51 33.85
EBIT 1 8.8 14.9 0.2 0.8 14.6 10.5 6.4 7.4 18.9 24.8 13.68 15.15 27.91 31.25
Operating Margin 13.92% 19.25% 0.36% 1.28% 17.49% 10.63% 7.58% 8.17% 17% 17.92% 12.8% 13.9% 22.56% 21.81%
Earnings before Tax (EBT) 1 8.7 14.9 0.1 0.8 14.3 6 6.3 7.3 18.9 24.7 13.84 15.32 28.08 31.45
Net income 1 4.9 11.4 -1.2 -2.9 7.1 4.2 3.2 5.4 10.9 26.5 10.99 12.17 22.3 24.97
Net margin 7.75% 14.73% -2.13% -4.63% 8.5% 4.25% 3.79% 5.96% 9.8% 19.15% 10.28% 11.17% 18.02% 17.43%
EPS 2 0.1500 0.3400 -0.0400 -0.0900 0.2100 0.1200 0.1000 0.1600 0.3200 0.7800 0.3261 0.3610 0.6616 0.7409
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/28/21 1/27/22 5/6/22 7/21/22 10/28/22 1/26/23 5/5/23 7/20/23 10/27/23 2/8/24 - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - 122 122 129 203 286 390
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 12.3 -1.53 16.4 72.6 82.8 102
ROE (net income / shareholders' equity) - 46.6% 3.8% 17.6% 22.2% 24.6% 23.6%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 - 6.850 7.180 8.340 10.40 13.30 16.90
Cash Flow per Share - - - - - - -
Capex 1 - 5.8 11.2 16.9 18.1 18.4 19
Capex / Sales - 2.22% 3.72% 3.98% 3.75% 3.31% 3%
Announcement Date 4/16/21 1/27/22 1/26/23 2/8/24 - - -
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
OUTPERFORM
Number of Analysts
1
Last Close Price
38.7 SEK
Average target price
58 SEK
Spread / Average Target
+49.87%
Consensus