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HMS Networks AB
STO:HMS

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HMS Networks AB
STO:HMS
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Price: 477.6 SEK -1% Market Closed
Market Cap: kr24B

EV/EBITDA

24.4
Current
21%
Cheaper
vs 3-y average of 30.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
24.4
=
Enterprise Value
kr25.1B
/
EBITDA
kr1.1B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
24.4
=
Enterprise Value
kr25.1B
/
EBITDA
kr1.1B

Valuation Scenarios

HMS Networks AB is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (30.8), the stock would be worth kr601.41 (26% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-72%
Maximum Upside
+39%
Average Downside
12%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 24.4 kr477.6
0%
3-Year Average 30.8 kr601.41
+26%
5-Year Average 34 kr664.35
+39%
Industry Average 6.8 kr132.23
-72%
Country Average 14.9 kr290.29
-39%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
kr25.1B
/
Jan 2026
kr1.1B
=
24.4
Current
kr25.1B
/
Dec 2026
kr1.2B
=
21.6
Forward
kr25.1B
/
Dec 2027
kr1.3B
=
19.2
Forward
kr25.1B
/
Dec 2028
kr1.4B
=
17.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
SE
HMS Networks AB
STO:HMS
24B SEK 24.4 55.1
JP
Nakayo Inc
TSE:6715
111.4T JPY 364 019 7 956 708
US
Cisco Systems Inc
NASDAQ:CSCO
350B USD 21.9 31.6
US
Arista Networks Inc
NYSE:ANET
216.8B USD 52.3 61.7
CN
Zhongji Innolight Co Ltd
SZSE:300308
985.1B CNY 51.4 66.7
US
Motorola Solutions Inc
NYSE:MSI
73.4B USD 24 34.1
US
Ciena Corp
NYSE:CIEN
73B USD 128.3 318.6
US
Lumentum Holdings Inc
NASDAQ:LITE
60.5B USD 229 239.5
US
Ubiquiti Inc
NYSE:UI
62.8B USD 58.4 70.3
FI
Nokia Oyj
OMXH:NOKIA
47.5B EUR 25.1 76.8
CN
Yangtze Optical Fibre and Cable Joint Stock Ltd Co
SSE:601869
338.6B CNY 208.8 388.9

Market Distribution

Higher than 81% of companies in Sweden
Percentile
81st
Based on 1 230 companies
81st percentile
24.4
Low
0.2 — 9.4
Typical Range
9.4 — 19.4
High
19.4 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 9.4
Median 14.9
70th Percentile 19.4
Max 4 325.3

HMS Networks AB
Glance View

Market Cap
24B SEK
Industry
Communications

HMS Networks AB, a Swedish company that emerged from the industrial furnace of the late 1980s, has carved itself a niche in the field of industrial communication technology. Founded in Halmstad, the company has built its reputation by developing cutting-edge solutions that enable machines and devices in manufacturing settings to communicate and share data effortlessly. This communication is achieved through HMS Networks' innovative hardware and software solutions, which include a range of industrial communication devices such as the Anybus, Ixxat, and Ewon product lines. These products facilitate the seamless transfer of data across a myriad of protocols and systems that are otherwise incompatible, a necessity in today's globally interconnected industrial landscape. Demonstrating a profound understanding of the evolving needs of the industrial sector, HMS Networks AB generates revenue by providing vital connectivity solutions that enhance operational efficiency and drive down costs for its clients. The company achieves this by marketing its products to a diverse range of industries, from automation and automotive to semiconductor and energy. By integrating devices into the Internet of Things (IoT) and Industry 4.0 frameworks, HMS Networks doesn't just sell hardware; it offers a gateway to smarter manufacturing and industrial processes. This strategic positioning in the rapidly growing industrial IoT market has allowed HMS Networks to sustain a strong growth trajectory, underscoring its influence and importance in the modern digital industrial era.

HMS Intrinsic Value
283.58 SEK
Overvaluation 41%
Intrinsic Value
Price kr477.6
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