GARO AB |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 30.5 SEK | +2.87% |
|
-4.39% | -29.92% |
| Apr. 17 | Garo Aktiebolag Announces Nomination Committee Changes | CI |
| Apr. 11 | GARO Aktiebolag Announces Lars-Åke Rydh, Board Member Declined Re-Election | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,070 | 6,350 | 10,800 | 5,430 | 2,176 | 1,525 | - | - |
| Enterprise Value (EV) 1 | 3,116 | 6,361 | 10,791 | 5,574 | 2,398 | 1,702 | 1,634 | 1,546 |
| P/E ratio | 35.8 x | 66.6 x | 64.9 x | 45.1 x | 69.1 x | 25.3 x | 13.1 x | 10.7 x |
| Yield | - | 0.75% | 0.65% | 0.74% | - | 1.98% | 3.81% | 4.69% |
| Capitalization / Revenue | 3.05 x | 6.11 x | 8.33 x | 3.91 x | 1.59 x | 1.16 x | 1.06 x | 0.96 x |
| EV / Revenue | 3.09 x | 6.12 x | 8.33 x | 4.01 x | 1.75 x | 1.29 x | 1.14 x | 0.97 x |
| EV / EBITDA | 23.1 x | 39 x | 44.4 x | 29.5 x | 24.1 x | 12.4 x | 7.75 x | 6.16 x |
| EV / FCF | 37.2 x | 88.5 x | 142 x | -180 x | -29 x | 58.7 x | 17.4 x | 11.5 x |
| FCF Yield | 2.69% | 1.13% | 0.7% | -0.55% | -3.44% | 1.7% | 5.75% | 8.67% |
| Price to Book | 8.95 x | 14.8 x | 19.6 x | 8.84 x | 3.57 x | 2.26 x | 2.04 x | - |
| Nbr of stocks (in thousands) | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | - | - |
| Reference price 2 | 61.40 | 127.0 | 216.0 | 108.6 | 43.52 | 30.50 | 30.50 | 30.50 |
| Announcement Date | 2/18/20 | 2/12/21 | 2/23/22 | 2/23/23 | 2/21/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,008 | 1,040 | 1,296 | 1,390 | 1,370 | 1,317 | 1,439 | 1,596 |
| EBITDA 1 | 135 | 163.2 | 243 | 188.8 | 99.6 | 137.3 | 210.7 | 251 |
| EBIT 1 | 112.6 | 136.2 | 207.2 | 152.8 | 51.1 | 86.97 | 156.8 | 195 |
| Operating Margin | 11.17% | 13.1% | 15.99% | 10.99% | 3.73% | 6.6% | 10.89% | 12.22% |
| Earnings before Tax (EBT) 1 | 110.2 | 123.1 | 208.4 | 153.4 | 47.8 | 77.02 | 148.8 | 184 |
| Net income 1 | 85.7 | 95.3 | 166.7 | 120.5 | 31.3 | 60.35 | 116.4 | 143 |
| Net margin | 8.5% | 9.17% | 12.86% | 8.67% | 2.28% | 4.58% | 8.09% | 8.96% |
| EPS 2 | 1.714 | 1.906 | 3.330 | 2.410 | 0.6300 | 1.205 | 2.330 | 2.850 |
| Free Cash Flow 1 | 83.7 | 71.9 | 76 | -30.9 | -82.6 | 29 | 94 | 134 |
| FCF margin | 8.3% | 6.91% | 5.87% | -2.22% | -6.03% | 2.2% | 6.53% | 8.4% |
| FCF Conversion (EBITDA) | 62% | 44.06% | 31.28% | - | - | 21.12% | 44.62% | 53.39% |
| FCF Conversion (Net income) | 97.67% | 75.45% | 45.59% | - | - | 48.05% | 80.78% | 93.71% |
| Dividend per Share 2 | - | 0.9500 | 1.400 | 0.8000 | - | 0.6052 | 1.162 | 1.430 |
| Announcement Date | 2/18/20 | 2/12/21 | 2/23/22 | 2/23/23 | 2/21/24 | - | - | - |
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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 293.9 | 370.1 | 381.6 | 350.2 | 317 | 341.8 | 370.3 | 386 | 304.2 | 311 | 322 | 346 | 319 | 333 | 353 |
| EBITDA 1 | 57.2 | 68.1 | - | - | - | 19.8 | 37.2 | 31.1 | 18.5 | 12.9 | 15 | 28 | 37 | 47 | 53 |
| EBIT 1 | 48.5 | 57.7 | 66.8 | 39.6 | 37.4 | 8.9 | 27.8 | 18.2 | 5.3 | -0.1 | 3 | 16 | 26 | 35 | 41 |
| Operating Margin | 16.5% | 15.59% | 17.51% | 11.31% | 11.8% | 2.6% | 7.51% | 4.72% | 1.74% | -0.03% | 0.93% | 4.62% | 8.15% | 10.51% | 11.61% |
| Earnings before Tax (EBT) 1 | 49 | 59.1 | 66.7 | 41.4 | 34.5 | 11 | 27.4 | 25.4 | -7.8 | 2.8 | 1 | 13 | 23 | 33 | 38 |
| Net income 1 | 39.4 | 46.4 | 53.7 | 33.3 | 26.6 | 7 | 20.7 | 20 | -9.4 | 0.1 | - | 10 | 18 | 25 | 30 |
| Net margin | 13.41% | 12.54% | 14.07% | 9.51% | 8.39% | 2.05% | 5.59% | 5.18% | -3.09% | 0.03% | - | 2.89% | 5.64% | 7.51% | 8.5% |
| EPS 2 | 0.7900 | 0.9300 | 1.070 | 0.6700 | 0.5300 | 0.1400 | 0.4100 | 0.4000 | -0.1900 | - | 0.0100 | 0.2100 | 0.3600 | 0.5100 | 0.6000 |
| Dividend per Share 2 | - | 1.400 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/21 | 2/23/22 | 5/11/22 | 8/16/22 | 11/11/22 | 2/23/23 | 5/11/23 | 8/15/23 | 11/10/23 | 2/21/24 | - | - | - | - | - |
1SEK in Million2SEK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 45.6 | 11.3 | - | 144 | 222 | 177 | 109 | 21 |
| Net Cash position 1 | - | - | 9.4 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3378 x | 0.0692 x | - | 0.7611 x | 2.23 x | 1.288 x | 0.5161 x | 0.0837 x |
| Free Cash Flow 1 | 83.7 | 71.9 | 76 | -30.9 | -82.6 | 29 | 94 | 134 |
| ROE (net income / shareholders' equity) | 26.8% | 24.7% | 34% | 20.7% | 5.1% | 9.44% | 16.3% | 17.4% |
| ROA (Net income/ Total Assets) | - | - | - | 11.5% | 2.66% | 4.5% | 10.2% | 10.3% |
| Assets 1 | - | - | - | 1,045 | 1,176 | 1,341 | 1,141 | 1,388 |
| Book Value Per Share 2 | 6.860 | 8.600 | 11.00 | 12.30 | 12.20 | 13.50 | 15.00 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 31 | 39.6 | 45.3 | 120 | 108 | 18 | 19.8 | 32 |
| Capex / Sales | 3.08% | 3.81% | 3.5% | 8.64% | 7.9% | 1.37% | 1.37% | 2.01% |
| Announcement Date | 2/18/20 | 2/12/21 | 2/23/22 | 2/23/23 | 2/21/24 | - | - | - |
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+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
30.5
SEK
Average target price
30.5
SEK
Spread / Average Target
0.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -29.92% | 139M | |
| +4.53% | 149B | |
| +34.66% | 130B | |
| +19.57% | 130B | |
| +12.90% | 62.82B | |
| +7.65% | 41.04B | |
| +94.65% | 35B | |
| +6.26% | 32.1B | |
| -9.78% | 32.1B | |
| +3.97% | 27.31B |
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- Financials GARO AB
