Troax Group AB (publ)

OM:TROAX Stock Report

Market Cap: SEK 8.2b

Troax Group Valuation

Is TROAX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TROAX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SEK 185.17
Fair Value
26.3% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: TROAX (SEK136.4) is trading below our estimate of fair value (SEK185.17)

Significantly Below Fair Value: TROAX is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TROAX?

Key metric: As TROAX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TROAX. This is calculated by dividing TROAX's market cap by their current earnings.
What is TROAX's PE Ratio?
PE Ratio34.1x
Earnings€21.69m
Market Cap€739.03m

Price to Earnings Ratio vs Peers

How does TROAX's PE Ratio compare to its peers?

The above table shows the PE ratio for TROAX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.5x
XANO B XANO Industri
17.3xn/aSEK 4.0b
ALIG Alimak Group
20.9x13.33%SEK 14.5b
EPRO B Electrolux Professional
27.8x30.66%SEK 18.6b
BEIA B Beijer Alma
31.9x23.59%SEK 17.1b
TROAX Troax Group
34.1x35.22%SEK 8.2b

Price-To-Earnings vs Peers: TROAX is expensive based on its Price-To-Earnings Ratio (34.1x) compared to the peer average (24.5x).

Price to Earnings Ratio vs Industry

How does TROAX's PE Ratio compare vs other companies in the SE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
TROAX 34.1xIndustry Avg. 24.2xNo. of Companies5PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TROAX is expensive based on its Price-To-Earnings Ratio (34.1x) compared to the Swedish Machinery industry average (24.4x).

Price to Earnings Ratio vs Fair Ratio

What is TROAX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TROAX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.1x
Fair PE Ratio33.2x

Price-To-Earnings vs Fair Ratio: TROAX is expensive based on its Price-To-Earnings Ratio (34.1x) compared to the estimated Fair Price-To-Earnings Ratio (33.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TROAX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 136.40
SEK 191.08
+40.09%
4.07%SEK 200.76SEK 181.72n/a3
Nov ’26SEK 144.60
SEK 191.08
+32.14%
4.07%SEK 200.76SEK 181.72n/a3
Oct ’26SEK 138.00
SEK 195.37
+41.57%
3.17%SEK 199.93SEK 186.61n/a3
Sep ’26SEK 142.60
SEK 195.37
+37.01%
3.17%SEK 199.93SEK 186.61n/a3
Aug ’26SEK 134.40
SEK 195.37
+45.37%
3.17%SEK 199.93SEK 186.61n/a3
Jul ’26SEK 147.40
SEK 203.20
+37.86%
4.46%SEK 213.27SEK 191.31n/a3
Jun ’26SEK 159.60
SEK 189.48
+18.72%
9.83%SEK 208.23SEK 159.13n/a4
May ’26SEK 134.20
SEK 196.07
+46.10%
10.73%SEK 212.61SEK 160.29n/a4
Apr ’26SEK 176.80
SEK 250.53
+41.70%
6.60%SEK 271.27SEK 230.80n/a3
Mar ’26SEK 193.20
SEK 261.22
+35.21%
6.62%SEK 280.15SEK 238.36n/a3
Feb ’26SEK 234.00
SEK 260.10
+11.15%
5.81%SEK 275.75SEK 239.67n/a3
Jan ’26SEK 225.00
SEK 249.76
+11.01%
10.06%SEK 278.26SEK 212.64n/a4
Dec ’25SEK 208.50
SEK 249.76
+19.79%
10.06%SEK 278.26SEK 212.64n/a4
Nov ’25SEK 220.50
SEK 249.85
+13.31%
10.39%SEK 280.17SEK 214.10SEK 144.604
Oct ’25SEK 208.00
SEK 260.82
+25.39%
8.55%SEK 287.26SEK 232.72SEK 138.003
Sep ’25SEK 221.50
SEK 263.86
+19.12%
8.50%SEK 290.50SEK 235.62SEK 142.603
Aug ’25SEK 236.00
SEK 270.36
+14.56%
9.37%SEK 297.83SEK 236.73SEK 134.403
Jul ’25SEK 240.00
SEK 256.52
+6.88%
9.05%SEK 289.14SEK 236.91SEK 147.403
Jun ’25SEK 251.50
SEK 265.40
+5.53%
9.28%SEK 299.86SEK 243.81SEK 159.603
May ’25SEK 223.00
SEK 265.40
+19.01%
9.28%SEK 299.86SEK 243.81SEK 134.203
Apr ’25SEK 246.20
SEK 249.03
+1.15%
3.09%SEK 254.48SEK 238.14SEK 176.803
Mar ’25SEK 224.00
SEK 224.64
+0.29%
15.68%SEK 249.56SEK 174.82SEK 193.203
Feb ’25SEK 232.60
SEK 226.84
-2.48%
15.86%SEK 254.66SEK 176.03SEK 234.003
Jan ’25SEK 247.60
SEK 201.39
-18.66%
8.93%SEK 216.02SEK 176.06SEK 225.003
Dec ’24SEK 210.80
SEK 201.39
-4.46%
8.93%SEK 216.02SEK 176.06SEK 208.503
Nov ’24SEK 177.10
SEK 205.19
+15.86%
9.86%SEK 225.50SEK 177.60SEK 220.503
SEK 191.08
Fair Value
28.6% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/07 18:56
End of Day Share Price 2025/11/07 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Troax Group AB (publ) is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Simon JonssonBerenberg
Kristofer Liljeberg-SvenssonCarnegie Investment Bank AB
Kenneth Toll JohanssonCarnegie Investment Bank AB