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Mildef Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Mildef Group and similar public comparables like TSG IT Advanced Systems, Calian Group, Ruger, Avon Technologies and more.
Mildef Group Overview
About Mildef Group
Mildef Group AB is a multinational systems integrator and full-spectrum provider specializing in rugged IT for military, government and critical infrastructure sectors. The company provides hardware, software, and services that shield and protect critical information streams and systems, when and where the stakes are the highest. Its products are sold to customers through companies in Sweden, Norway, Finland, Denmark, the United Kingdom, Germany, Switzerland, the United States, and Australia, and through partner networks in more than 40 countries. The company generates the majority of its revenue from Sweden and Europe (excl. the Nordics).
Founded
1997
HQ
Employees
327
Website
Financials (LTM)
EV
$717M
Mildef Group Financials
Mildef Group reported last 12-month revenue of $244M and EBITDA of $40M.
In the same LTM period, Mildef Group generated $92M in gross profit, $40M in EBITDA, and $20M in net income.
Revenue (LTM)
Mildef Group P&L
In the most recent fiscal year, Mildef Group reported revenue of $226M and EBITDA of $35M.
Mildef Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $244M | XXX | $226M | XXX | XXX | XXX |
| Gross Profit | $92M | XXX | $97M | XXX | XXX | XXX |
| Gross Margin | 38% | XXX | 43% | XXX | XXX | XXX |
| EBITDA | $40M | XXX | $35M | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $20M | XXX | $16M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $42M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Mildef Group Stock Performance
Mildef Group has current market cap of $651M, and enterprise value of $717M.
Market Cap Evolution
Mildef Group's stock price is $13.82.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $717M | $651M | -0.4% | XXX | XXX | XXX | $0.35 |
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Start Free TrialMildef Group Valuation Multiples
Mildef Group trades at 2.9x EV/Revenue multiple, and 17.9x EV/EBITDA.
EV / Revenue (LTM)
Mildef Group Financial Valuation Multiples
As of March 29, 2026, Mildef Group has market cap of $651M and EV of $717M.
Equity research analysts estimate Mildef Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Mildef Group has a P/E ratio of 33.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $651M | XXX | $651M | XXX | XXX | XXX |
| EV (current) | $717M | XXX | $717M | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBITDA | 17.9x | XXX | 20.2x | XXX | XXX | XXX |
| EV/EBIT | 24.8x | XXX | 29.1x | XXX | XXX | XXX |
| EV/Gross Profit | 7.8x | XXX | 7.4x | XXX | XXX | XXX |
| P/E | 33.3x | XXX | 39.7x | XXX | XXX | XXX |
| EV/FCF | (36.7x) | XXX | (201.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Mildef Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Mildef Group Margins & Growth Rates
Mildef Group's revenue in the last 12 month grew by 29%.
Mildef Group's revenue per employee in the last FY averaged $0.7M.
Mildef Group's rule of 40 is 45% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Mildef Group's rule of X is 88% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Mildef Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 29% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Growth | 46% | XXX | 54% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 45% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 88% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 22% | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 7% | XXX | 7% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 33% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Mildef Group Public Comps
See public comps and valuation multiples for other Defense Systems comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| TSG IT Advanced Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| Calian Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Ruger | XXX | XXX | XXX | XXX | XXX | XXX |
| Avon Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Paras Defence And Space | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Mildef Group M&A Activity
Mildef Group acquired XXX companies to date.
Last acquisition by Mildef Group was on XXXXXXXX, XXXXX. Mildef Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Mildef Group
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMildef Group Investment Activity
Mildef Group invested in XXX companies to date.
Mildef Group made its latest investment on XXXXXXXX, XXXXX. Mildef Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Mildef Group
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Mildef Group
| When was Mildef Group founded? | Mildef Group was founded in 1997. |
| Where is Mildef Group headquartered? | Mildef Group is headquartered in Sweden. |
| How many employees does Mildef Group have? | As of today, Mildef Group has over 327 employees. |
| Who is the CEO of Mildef Group? | Mildef Group's CEO is Daniel Ljunggren. |
| Is Mildef Group publicly listed? | Yes, Mildef Group is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Mildef Group? | Mildef Group trades under MILDEF ticker. |
| When did Mildef Group go public? | Mildef Group went public in 2021. |
| Who are competitors of Mildef Group? | Mildef Group main competitors are TSG IT Advanced Systems, Calian Group, Ruger, Avon Technologies. |
| What is the current market cap of Mildef Group? | Mildef Group's current market cap is $651M. |
| What is the current revenue of Mildef Group? | Mildef Group's last 12 months revenue is $244M. |
| What is the current revenue growth of Mildef Group? | Mildef Group revenue growth (NTM/LTM) is 29%. |
| What is the current EV/Revenue multiple of Mildef Group? | Current revenue multiple of Mildef Group is 2.9x. |
| Is Mildef Group profitable? | Yes, Mildef Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Mildef Group? | Mildef Group's last 12 months EBITDA is $40M. |
| What is Mildef Group's EBITDA margin? | Mildef Group's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of Mildef Group? | Current EBITDA multiple of Mildef Group is 17.9x. |
| What is the current FCF of Mildef Group? | Mildef Group's last 12 months FCF is ($20M). |
| What is Mildef Group's FCF margin? | Mildef Group's last 12 months FCF margin is (8%). |
| What is the current EV/FCF multiple of Mildef Group? | Current FCF multiple of Mildef Group is (36.7x). |
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