Financials QleanAir AB

Equities

QAIR

SE0013382066

Environmental Services & Equipment

Market Closed - Nasdaq Stockholm 06:59:59 2024-05-08 am EDT 5-day change 1st Jan Change
29.6 SEK -4.82% Intraday chart for QleanAir AB -5.73% -9.62%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 531.1 787.5 977.7 330.6 486.6 439.8 - -
Enterprise Value (EV) 1 761.1 1,003 1,131 514.9 646.7 560.2 503.2 456.4
P/E ratio -79 x 11.9 x 16.7 x 25 x 11.2 x 8.61 x 7.01 x 5.76 x
Yield 0.63% 2.45% 2.28% - 1.83% 4.52% 5.71% 6.94%
Capitalization / Revenue 1.16 x 1.6 x 2.17 x 0.73 x 0.97 x 0.85 x 0.78 x 0.72 x
EV / Revenue 1.67 x 2.03 x 2.51 x 1.13 x 1.28 x 1.09 x 0.89 x 0.75 x
EV / EBITDA 7.23 x 8.1 x 10.1 x 8.61 x 6.64 x 5.3 x 4.08 x 3.25 x
EV / FCF - - 14.9 x 72.4 x 15 x 11.9 x - -
FCF Yield - - 6.71% 1.38% 6.67% 8.39% - -
Price to Book 6.08 x 5.02 x - 1.8 x 2.26 x 1.71 x 1.47 x 1.25 x
Nbr of stocks (in thousands) 13,284 14,859 14,859 14,859 14,859 14,859 - -
Reference price 2 39.98 53.00 65.80 22.25 32.75 29.60 29.60 29.60
Announcement Date 2/20/20 2/15/21 2/11/22 1/31/23 2/9/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 456.9 493 450.6 455 503.5 515.6 566 611.8
EBITDA 1 105.2 123.7 112.4 59.78 97.47 105.7 123.2 140.3
EBIT 1 83.72 95.04 83.4 50 66.67 77.75 93.32 104.4
Operating Margin 18.32% 19.28% 18.51% 10.99% 13.24% 15.08% 16.49% 17.06%
Earnings before Tax (EBT) 1 8.837 85.62 75.54 20.78 55.7 66.47 81.31 100.4
Net income 1 -7.521 67 59.26 13.29 43.37 51.06 63.89 76.33
Net margin -1.65% 13.59% 13.15% 2.92% 8.61% 9.9% 11.29% 12.48%
EPS 2 -0.5062 4.440 3.930 0.8900 2.920 3.436 4.226 5.137
Free Cash Flow 1 - - 75.86 7.108 43.14 47 - -
FCF margin - - 16.84% 1.56% 8.57% 9.12% - -
FCF Conversion (EBITDA) - - 67.47% 11.89% 44.26% 44.45% - -
FCF Conversion (Net income) - - 128.01% 53.48% 99.49% 92.05% - -
Dividend per Share 2 0.2500 1.300 1.500 - 0.6000 1.339 1.690 2.055
Announcement Date 2/20/20 2/15/21 2/11/22 1/31/23 2/9/24 - - -
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 Q4 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 118.1 115.4 108.3 111.4 120 121 134.9 123.8 126.4 130.7 134 - -
EBITDA 1 25.43 25.15 18.89 25.38 -9.642 24.79 29.72 17.81 24.51 29.6 27.49 - -
EBIT 1 17.89 17.56 11.26 17.47 3 16.6 21.08 9.627 15.76 21.36 19.24 - -
Operating Margin 15.15% 15.22% 10.4% 15.68% 2.5% 13.71% 15.63% 7.78% 12.47% 16.34% 14.36% - -
Earnings before Tax (EBT) 1 15.99 18.03 10.68 14.34 -22.26 14.05 21.48 6.133 12.85 18.75 16.83 19.19 19.8
Net income 1 7.318 13.7 7.634 10.63 -18.67 10.04 17.54 5.401 9.967 14.65 13.09 14.59 15.05
Net margin 6.2% 11.87% 7.05% 9.54% -15.56% 8.29% 13.01% 4.36% 7.88% 11.2% 9.77% - -
EPS 2 0.4900 0.9100 0.4900 0.7100 -1.260 0.6800 1.180 0.3600 0.8031 0.8946 0.9539 0.9816 1.013
Dividend per Share 2 - - 1.500 - - - - - 0.6000 - - - -
Announcement Date 2/11/22 5/12/22 8/10/22 11/10/22 1/31/23 5/10/23 8/10/23 2/9/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 230 215 153 184 160 120 63.3 16.5
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.187 x 1.737 x 1.363 x 3.082 x 1.643 x 1.139 x 0.5142 x 0.1179 x
Free Cash Flow 1 - - 75.9 7.11 43.1 47 - -
ROE (net income / shareholders' equity) 54.6% 52.6% 33.8% 16.3% 21.7% 21.6% 22.6% 23.5%
ROA (Net income/ Total Assets) - - 9.91% - - - - -
Assets 1 - - 598 - - - - -
Book Value Per Share 2 6.580 10.60 - 12.40 14.50 17.30 20.10 23.60
Cash Flow per Share - - - - - - - -
Capex 1 - - 25.6 22.6 19.5 26 - -
Capex / Sales - - 5.68% 4.97% 3.87% 5.04% - -
Announcement Date 2/20/20 2/15/21 2/11/22 1/31/23 2/9/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
29.6 SEK
Average target price
45 SEK
Spread / Average Target
+52.03%
Consensus
  1. Stock Market
  2. Equities
  3. QAIR Stock
  4. Financials QleanAir AB
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