Financials JM AB

Equities

JM

SE0000806994

Homebuilding

Market Closed - Nasdaq Stockholm 11:29:41 2024-04-26 am EDT 5-day change 1st Jan Change
181.9 SEK +1.39% Intraday chart for JM AB -4.56% +2.48%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,302 20,221 28,051 11,352 11,450 11,733 - -
Enterprise Value (EV) 1 23,584 24,844 32,454 17,997 11,450 24,949 25,984 26,444
P/E ratio 12.3 x 12.9 x 15.8 x 7.35 x 26.5 x 28.1 x 19.9 x 11.6 x
Yield 4.51% 4.39% 3.3% 8.13% 1.69% 2.75% 3.39% 5.09%
Capitalization / Revenue 1.23 x 1.31 x 1.92 x 0.69 x 0.83 x 1.02 x 0.99 x 0.78 x
EV / Revenue 1.5 x 1.61 x 2.22 x 1.1 x 0.83 x 2.17 x 2.19 x 1.75 x
EV / EBITDA 11.9 x 11.7 x 13.9 x 8.9 x 7.58 x 39.3 x 27 x 18.8 x
EV / FCF 18.4 x 14.5 x -33.2 x - 10.9 x 18.4 x -34.9 x -1,079 x
FCF Yield 5.44% 6.9% -3.01% - 9.21% 5.45% -2.87% -0.09%
Price to Book 2.71 x 2.66 x 3.37 x 1.27 x 1.37 x 1.45 x 1.39 x 1.25 x
Nbr of stocks (in thousands) 69,583 69,583 68,652 65,961 64,505 64,505 - -
Reference price 2 277.4 290.6 408.6 172.1 177.5 181.9 181.9 181.9
Announcement Date 1/31/20 2/3/21 2/2/22 2/1/23 1/30/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 15,692 15,388 14,608 16,385 13,851 11,483 11,865 15,086
EBITDA 1 1,982 2,123 2,329 2,021 1,510 634.5 962 1,404
EBIT 1 1,982 2,018 2,216 2,064 732 631.5 855.9 1,389
Operating Margin 12.63% 13.11% 15.17% 12.6% 5.28% 5.5% 7.21% 9.21%
Earnings before Tax (EBT) 1 1,928 1,955 2,158 1,994 632 504.3 747.5 1,280
Net income 1 1,570 1,575 1,798 1,575 433 421.8 592.3 1,015
Net margin 10.01% 10.24% 12.31% 9.61% 3.13% 3.67% 4.99% 6.73%
EPS 2 22.50 22.50 25.90 23.40 6.700 6.480 9.149 15.70
Free Cash Flow 1 1,284 1,714 -978 - 1,055 1,358 -745.5 -24.5
FCF margin 8.18% 11.14% -6.69% - 7.62% 11.83% -6.28% -0.16%
FCF Conversion (EBITDA) 64.78% 80.73% - - 69.87% 214.11% - -
FCF Conversion (Net income) 81.78% 108.83% - - 243.65% 322.09% - -
Dividend per Share 2 12.50 12.75 13.50 14.00 3.000 5.000 6.167 9.250
Announcement Date 1/31/20 2/3/21 2/2/22 2/1/23 1/30/24 - - -
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 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,067 3,854 3,668 3,589 5,152 3,962 4,457 3,407 3,034 3,084 2,676 2,824 3,051 3,189
EBITDA 1 767.8 457.5 410 399 755 648 500 48 126 159.5 148 178.5 229 211
EBIT 1 756 466 410 399 767 417 500 -90 160 136 149.5 186 229 211
Operating Margin 18.59% 12.09% 11.18% 11.12% 14.89% 10.52% 11.22% -2.64% 5.27% 4.41% 5.59% 6.59% 7.51% 6.62%
Earnings before Tax (EBT) 1 742 450 390 380 746 394 467 -113 128 108.5 125.5 162 199 182
Net income 1 653 344 309 295 593 311 352 -137 79 83 100.5 136 169 147
Net margin 16.06% 8.93% 8.42% 8.22% 11.51% 7.85% 7.9% -4.02% 2.6% 2.69% 3.76% 4.82% 5.54% 4.61%
EPS 2 9.400 5.000 4.500 4.400 9.000 4.800 5.500 -2.100 1.200 1.300 1.335 1.690 2.620 2.280
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/2/22 4/29/22 7/12/22 10/27/22 2/1/23 4/27/23 10/25/23 1/30/24 4/23/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,282 4,623 4,403 6,645 - 13,216 14,251 14,711
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.16 x 2.178 x 1.891 x 3.288 x - 20.83 x 14.81 x 10.47 x
Free Cash Flow 1 1,284 1,714 -978 - 1,055 1,359 -746 -24.5
ROE (net income / shareholders' equity) 22.2% 20.8% 21.9% 17.9% 5% 5.2% 7.11% 11.6%
ROA (Net income/ Total Assets) 7.2% 6.84% 7.57% 6.27% - 1.4% 2.1% 2.7%
Assets 1 21,810 23,030 23,739 25,120 - 30,127 28,205 37,593
Book Value Per Share 2 102.0 109.0 121.0 135.0 129.0 125.0 131.0 146.0
Cash Flow per Share 2 - - - - - 45.30 24.50 18.90
Capex 1 7 1 17 28 2 14 14 15
Capex / Sales 0.04% 0.01% 0.12% 0.17% 0.01% 0.12% 0.12% 0.1%
Announcement Date 1/31/20 2/3/21 2/2/22 2/1/23 1/30/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
181.9 SEK
Average target price
188.3 SEK
Spread / Average Target
+3.54%
Consensus