IAR SYSTEMS GROUP AB |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 136 SEK | -0.73% |
|
+3.42% | +9.85% |
| Apr. 25 | IAR Systems Group AB Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 28 | IAR Systems Group Appoints Kambi Commercial Chief as New CEO | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,535 | 1,906 | 1,608 | 2,053 | 1,689 | 1,844 | - | - |
| Enterprise Value (EV) 1 | 2,554 | 1,905 | 1,551 | 1,974 | 1,543 | 1,629 | 1,579 | 1,503 |
| P/E ratio | 31.3 x | 32.1 x | -23.8 x | 35.8 x | -7.35 x | 11.8 x | 17.1 x | 15.4 x |
| Yield | 1.61% | - | - | 1% | 1.21% | 3.09% | 2.2% | 2.43% |
| Capitalization / Revenue | 6.25 x | 5.12 x | 4.52 x | 4.89 x | 3.69 x | 3.69 x | 3.41 x | 3.21 x |
| EV / Revenue | 6.3 x | 5.12 x | 4.36 x | 4.7 x | 3.37 x | 3.26 x | 2.92 x | 2.61 x |
| EV / EBITDA | 17.5 x | 14.4 x | 12.9 x | 15.3 x | 10.7 x | 8.27 x | 7.24 x | 6.42 x |
| EV / FCF | 116 x | 51.5 x | 27 x | 28.9 x | 15.1 x | 14.4 x | 14.8 x | 12.8 x |
| FCF Yield | 0.87% | 1.94% | 3.71% | 3.45% | 6.61% | 6.94% | 6.78% | 7.79% |
| Price to Book | 4.28 x | 3.11 x | 2.75 x | 3.08 x | 3.99 x | 3.44 x | 3.14 x | - |
| Nbr of stocks (in thousands) | 13,630 | 13,634 | 13,649 | 13,649 | 13,640 | 13,557 | - | - |
| Reference price 2 | 186.0 | 139.8 | 117.8 | 150.4 | 123.8 | 136.0 | 136.0 | 136.0 |
| Announcement Date | 2/11/20 | 2/9/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 405.6 | 372 | 355.9 | 419.9 | 458.1 | 499.9 | 540 | 575 |
| EBITDA 1 | 145.8 | 132.7 | 119.9 | 129 | 143.6 | 197 | 218 | 234 |
| EBIT 1 | 108.4 | 83.8 | -68.5 | 75.7 | -204.1 | 131 | 146 | 161 |
| Operating Margin | 26.73% | 22.53% | -19.25% | 18.03% | -44.55% | 26.21% | 27.04% | 28% |
| Earnings before Tax (EBT) 1 | 107 | 76.8 | -68.6 | 73.5 | -203.4 | 148 | 142.8 | 158.1 |
| Net income 1 | 81.2 | 59.4 | -67.4 | 57.8 | -229 | 156.4 | 108.9 | 121 |
| Net margin | 20.02% | 15.97% | -18.94% | 13.77% | -49.99% | 31.28% | 20.16% | 21.04% |
| EPS 2 | 5.950 | 4.350 | -4.940 | 4.200 | -16.84 | 11.52 | 7.970 | 8.840 |
| Free Cash Flow 1 | 22.1 | 37 | 57.5 | 68.2 | 102 | 113 | 107 | 117 |
| FCF margin | 5.45% | 9.95% | 16.16% | 16.24% | 22.27% | 22.61% | 19.82% | 20.35% |
| FCF Conversion (EBITDA) | 15.16% | 27.88% | 47.96% | 52.87% | 71.03% | 57.36% | 49.08% | 50% |
| FCF Conversion (Net income) | 27.22% | 62.29% | - | 117.99% | - | 72.26% | 98.28% | 96.69% |
| Dividend per Share 2 | 3.000 | - | - | 1.500 | 1.500 | 4.209 | 2.995 | 3.300 |
| Announcement Date | 2/11/20 | 2/9/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
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 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 91.6 | 97.4 | 107.6 | 106.1 | 108.8 | 107.7 | 108.2 | 116.3 | 125.9 | 119.7 | 121 | 126 | 133 | 133 | 130 |
| EBITDA 1 | 29.2 | 30.3 | 31.9 | 34.2 | 32.4 | 25.3 | 32 | 47.3 | 44.5 | 46.9 | 46 | 52 | 52 | 51 | 51 |
| EBIT 1 | -119 | 17.3 | 19.6 | 22.1 | 16.5 | 11.4 | 11.2 | 28.9 | -255.8 | 32.1 | 29 | 35 | 35 | 34 | 33 |
| Operating Margin | -129.91% | 17.76% | 18.22% | 20.83% | 15.17% | 10.58% | 10.35% | 24.85% | -203.18% | 26.82% | 23.97% | 27.78% | 26.32% | 25.56% | 25.38% |
| Earnings before Tax (EBT) 1 | -117.2 | 16.4 | 19.1 | 23.2 | 14.6 | 11.7 | 14 | 24.9 | -254 | 37.4 | 34 | 39 | 38 | 33 | 32 |
| Net income 1 | -105.4 | 12 | 14.3 | 16.8 | 14.6 | 6.4 | 6.1 | 14 | -255.5 | 69 | 26 | 30 | 32 | 25 | 24 |
| Net margin | -115.07% | 12.32% | 13.29% | 15.83% | 13.42% | 5.94% | 5.64% | 12.04% | -202.94% | 57.64% | 21.49% | 23.81% | 24.06% | 18.8% | 18.46% |
| EPS 2 | -7.720 | 0.8800 | 1.050 | 1.040 | 1.060 | 0.4700 | 0.4500 | 1.010 | -18.79 | 5.120 | 1.880 | 2.180 | 2.330 | 1.840 | 1.780 |
| Dividend per Share 2 | - | - | - | - | 1.500 | - | - | - | - | - | 1.500 | - | - | - | 4.210 |
| Announcement Date | 2/10/22 | 4/26/22 | 8/17/22 | 10/27/22 | 2/9/23 | 4/26/23 | 8/16/23 | 10/25/23 | 2/8/24 | 4/25/24 | - | - | - | - | - |
1SEK in Million2SEK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 18.4 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 1.5 | 57.4 | 78.9 | 146 | 215 | 264 | 341 |
| Leverage (Debt/EBITDA) | 0.1262 x | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 22.1 | 37 | 57.5 | 68.2 | 102 | 113 | 107 | 117 |
| ROE (net income / shareholders' equity) | 14.2% | 9.9% | -11.2% | 9.2% | - | 32.5% | 19.3% | 19.1% |
| ROA (Net income/ Total Assets) | 10.5% | - | -11.2% | 6.66% | - | 21.4% | 14.2% | 15% |
| Assets 1 | 773.6 | - | 601.8 | 867.5 | - | 730.7 | 766.7 | 806.7 |
| Book Value Per Share 2 | 43.40 | 45.00 | 42.90 | 48.80 | 31.00 | 39.50 | 43.30 | - |
| Cash Flow per Share | 7.750 | 8.690 | - | - | - | - | - | - |
| Capex 1 | 83.6 | 81.4 | 74.1 | 59.5 | 42.1 | 59 | 64 | 65 |
| Capex / Sales | 20.61% | 21.88% | 20.82% | 14.17% | 9.19% | 11.8% | 11.85% | 11.3% |
| Announcement Date | 2/11/20 | 2/9/21 | 2/10/22 | 2/9/23 | 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-
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.85% | 168M | |
| -4.68% | 10.83B | |
| +13.64% | 1.99B | |
| -31.78% | 332M | |
| -2.56% | 102M | |
| +14.55% | 69.17M |
- Stock Market
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- IAR B Stock
- Financials IAR Systems Group AB
