Financials Pandox AB

Equities

PNDX B

SE0007100359

Real Estate Development & Operations

Market Closed - Nasdaq Stockholm 11:29:36 2024-04-26 am EDT 5-day change 1st Jan Change
169 SEK +2.05% Intraday chart for Pandox AB +0.36% +12.37%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 38,976 26,695 26,842 21,400 27,651 31,071 - -
Enterprise Value (EV) 1 70,859 55,525 57,872 56,864 62,508 63,126 63,130 31,071
P/E ratio 13.3 x -19.1 x 44 x 5.07 x -47.3 x 18.9 x 19.8 x 20.1 x
Yield 1.7% - - 2.15% 2.66% 3.25% 3.2% 3.14%
Capitalization / Revenue 7.02 x 8.4 x 8.2 x 3.78 x 4.04 x 4.46 x 4.35 x 4.19 x
EV / Revenue 12.8 x 17.5 x 17.7 x 10.1 x 9.13 x 9.07 x 8.84 x 4.19 x
EV / EBITDA 22 x 32.7 x 31 x 17.2 x 16.9 x 16.8 x 16.4 x 7.73 x
EV / FCF -21.8 x -48.9 x -53 x 76.8 x 87.8 x 56.1 x 89.4 x 41.8 x
FCF Yield -4.59% -2.05% -1.89% 1.3% 1.14% 1.78% 1.12% 2.39%
Price to Book 1.48 x 1.12 x 1.06 x 0.7 x 0.94 x 0.99 x 0.97 x -
Nbr of stocks (in thousands) 183,850 183,850 183,850 183,850 183,850 183,850 - -
Reference price 2 212.0 145.2 146.0 116.4 150.4 169.0 169.0 169.0
Announcement Date 2/12/20 2/11/21 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 5,553 3,178 3,273 5,654 6,849 6,962 7,142 7,412
EBITDA 1 3,215 1,699 1,868 3,304 3,696 3,766 3,859 4,018
EBIT 1 3,020 1,444 1,570 2,951 3,660 3,480 3,680 3,719
Operating Margin 54.39% 45.44% 47.97% 52.19% 53.44% 49.98% 51.53% 50.18%
Earnings before Tax (EBT) 1 3,494 -1,542 886 5,351 -497 2,112 2,041 1,978
Net income 1 2,700 -1,399 610 4,217 -585 1,647 1,571 1,543
Net margin 48.62% -44.02% 18.64% 74.58% -8.54% 23.66% 21.99% 20.82%
EPS 2 15.91 -7.610 3.320 22.94 -3.180 8.922 8.541 8.390
Free Cash Flow 1 -3,251 -1,136 -1,091 740 712 1,125 706 743
FCF margin -58.54% -35.75% -33.33% 13.09% 10.4% 16.16% 9.89% 10.02%
FCF Conversion (EBITDA) - - - 22.4% 19.26% 29.88% 18.29% 18.49%
FCF Conversion (Net income) - - - 17.55% - 68.29% 44.95% 48.15%
Dividend per Share 2 3.600 - - 2.500 4.000 5.500 5.400 5.300
Announcement Date 2/12/20 2/11/21 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 1 974 876 1,482 1,673 1,623 1,353 1,774 1,884 1,838 1,501 1,758 1,860 1,844 1,491 1,819
EBITDA 1 521 467 970 1,037 829 675 977 1,102 942 734 939 1,096 996 777 1,016
EBIT 1 443 401 902 966 682 602 900 - 864 - 863 1,026 926 707 946
Operating Margin 45.48% 45.78% 60.86% 57.74% 42.02% 44.49% 50.73% - 47.01% - 49.09% 55.16% 50.22% 47.42% 52.01%
Earnings before Tax (EBT) 1 463 1,357 1,671 2,081 242 -290 379 - -1,115 - 427 598 506 301 506
Net income 1 259 1,042 1,370 1,684 121 -216 287 - -1,112 - 333 466 394 235 395
Net margin 26.59% 118.95% 92.44% 100.66% 7.46% -15.96% 16.18% - -60.5% - 18.94% 25.05% 21.37% 15.76% 21.72%
EPS 1.410 5.670 7.450 9.160 0.6600 -1.170 1.560 - -6.050 - - - - 1.280 2.150
Dividend per Share 2 - - - - 2.500 - - - - - - - - - -
Announcement Date 2/10/22 4/27/22 7/15/22 10/27/22 2/9/23 4/26/23 7/14/23 10/26/23 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 31,883 28,830 31,030 35,464 34,857 32,055 32,059 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 9.917 x 16.97 x 16.61 x 10.73 x 9.431 x 8.513 x 8.308 x -
Free Cash Flow 1 -3,251 -1,136 -1,091 740 712 1,125 706 743
ROE (net income / shareholders' equity) 6.74% -5.57% 2.49% 15.1% -1.94% 5.11% 5.31% -
ROA (Net income/ Total Assets) 2.67% -2.14% 0.93% 5.94% -0.79% - - -
Assets 1 101,256 65,313 65,811 71,005 74,239 - - -
Book Value Per Share 2 143.0 130.0 137.0 167.0 161.0 171.0 174.0 -
Cash Flow per Share - - - - - - - -
Capex 1 262 415 531 898 2,375 1,139 1,192 1,207
Capex / Sales 4.72% 13.06% 16.22% 15.88% 34.68% 16.36% 16.69% 16.28%
Announcement Date 2/12/20 2/11/21 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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
169 SEK
Average target price
172.5 SEK
Spread / Average Target
+2.07%
Consensus