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Ericsson (ERIC)

(Delayed Data from NSDQ)

$5.20 USD

5.20
12,967,905

+0.10 (1.96%)

Updated Apr 22, 2024 11:56 AM ET

After-Market: $5.26 +0.06 (1.15%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value C Growth F Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 19% (202 out of 250)

Industry: Wireless Equipment

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Balance Sheet

Research for ERIC

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Ericsson falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 4,222 4,666 7,810 5,497 5,484
Receivables 6,237 7,039 7,247 6,539 6,247
Notes Receivable 0 0 0 0 0
Inventories 3,402 4,543 4,100 3,063 3,265
Other Current Assets 754 975 1,225 1,229 1,288
Total Current Assets 14,615 17,224 20,382 16,328 16,284
Net Property & Equipment 1,150 1,411 1,583 1,459 1,465
Investments & Advances 1,841 1,903 4,669 3,188 3,065
Other Non-Current Assets 127 41 66 133 239
Deferred Charges 2,110 1,922 2,695 2,866 3,298
Intangibles 7,571 11,358 5,313 4,753 3,992
Deposits & Other Assets 0 0 0 0 0
Total Assets 28,010 34,639 35,635 29,597 29,241
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 2,619 3,809 4,161 3,487 3,217
Current Portion Long-Term Debt 1,665 593 1,118 866 999
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 336 262 340 0 0
Other Current Liabilities 7,372 9,521 8,924 7,869 7,902
Total Current Liabilities 12,202 14,431 14,803 12,461 12,359
Mortgages 0 0 0 0 0
Deferred Taxes/Income 366 474 103 119 130
Convertible Debt 0 0 0 0 0
Long-Term Debt 2,755 2,670 2,593 2,422 2,990
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 3,009 3,178 4,822 4,537 4,297
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 18,825 21,429 23,147 20,312 20,579
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1,577 1,652 1,944 1,817 1,764
Capital Surplus 2,332 2,451 2,884 2,696 2,617
Retained Earnings 4,758 8,444 7,803 5,228 4,112
Other Equity 518 663 -142 -456 170
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 9,186 13,210 12,488 9,284 8,663
Total Liabilities & Shareholder's Equity 28,010 34,639 35,635 29,597 29,241
Total Common Equity 9,186 13,210 12,488 9,284 8,663
Shares Outstanding 3,330.00 3,330.10 3,334.00 3,334.00 3,334.00
Book Value Per Share 2.76 3.97 3.75 2.78 2.60

Fiscal Year End for Ericsson falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents 3,920 4,222 3,372 2,930 4,148
Receivables 6,641 6,237 6,551 7,108 7,372
Notes Receivable 0 0 0 0 0
Inventories 3,322 3,402 4,126 4,501 4,418
Other Current Assets 645 754 793 929 768
Total Current Assets 14,528 14,615 14,841 15,468 16,706
Net Property & Equipment 1,151 1,150 1,224 1,325 1,342
Investments & Advances 2,007 1,841 1,388 1,480 1,325
Other Non-Current Assets 135 127 182 150 85
Deferred Charges 2,238 2,110 2,052 2,132 1,966
Intangibles 8,112 7,571 8,017 11,376 10,895
Deposits & Other Assets 0 0 0 0 0
Total Assets 28,784 28,010 28,337 32,619 33,045
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable 0 0 0 0 0
Accounts Payable 2,432 2,619 2,833 3,369 3,303
Current Portion Long-Term Debt 816 1,665 1,736 984 1,107
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 366 336 280 253 237
Other Current Liabilities 8,114 7,372 8,456 9,179 9,885
Total Current Liabilities 11,945 12,202 13,544 14,033 14,783
Mortgages 0 0 0 0 0
Deferred Taxes/Income 384 366 402 464 477
Convertible Debt 0 0 0 0 0
Long-Term Debt 3,140 2,755 1,860 2,230 2,119
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 2,463 2,256 2,739 3,023
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 18,440 18,825 18,585 20,045 21,015
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 10,488 1,577 0 0 0
Capital Surplus 0 2,332 0 0 0
Retained Earnings 0 4,758 0 0 0
Other Equity -144 518 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 10,344 9,186 9,753 12,574 12,030
Total Liabilities & Shareholder's Equity 28,784 28,010 28,337 32,619 33,045
Total Common Equity 10,344 9,186 9,753 12,574 12,030
Shares Outstanding 3,330.00 3,330.00 3,330.00 3,330.00 3,330.10
Book Value Per Share 3.11 2.76 2.93 3.78 3.61