Stocktoria

Evolution AB (publ) EVO.ST

SE · Nasdaq Stockholm · XSTO · stock · Consumer Cyclical · website

Evolution AB (publ) statistics & valuation

Market cap€141.8B
P / E133.5×
P / S68.6×
P / B34.8×
P / FCF126.6×
Net margin51.4%
FCF margin54.2%
Net cash€726.9M
Enterprise value USD$14.1B
Earnings yield EBIT/EV0.9%
Return on capital28.2%
Graham number -93.3%€50.46

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€50.46); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
57.90% 59.50% 60.30% 51.40% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
62.30% 63.50% 61.50% 58.30% 2022202320242025
Return on equity (%)
24.40% 26.70% 31.30% 26.10% 2022202320242025
Shares outstanding
188.4M 188.4M 188.4M 188.4M 2022202320242025
Net debt (€)
-€432.4M -€893.0M -€707.8M -€726.9M 2022202320242025
Share buybacks (€)
€75.6M €115.8M €678.0M €500.2M 2022202320242025
Return on assets (%)
19.30% 21.50% 23.30% 19.20% 2022202320242025
Free cash flow margin (%)
53.60% 59.70% 56.40% 54.20% 2022202320242025
Debt / equity (×)
0.02× 0.02× 0.02× 0.02× 2022202320242025
EPS (€)
€3.88 €4.93 €5.91 €5.23 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Evolution AB (publ) trades at about 143.9× earnings — below its 10-year norm (10-year range 110.6×–301.6×, median 248.1×).

110.6× 301.6×

Shaded band = 10-year range (110.6×–301.6×); dot = today's 143.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Operating margin58.3%61.5%63.5%62.3%
Net margin51.4%60.3%59.5%57.9%
FCF margin54.2%56.4%59.7%53.6%
Return on assets19.2%23.3%21.5%19.3%
Return on equity26.1%31.3%26.7%24.4%
Current ratio1.661.823.072.60

Computed from company filings · SE · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.