Epiroc AB (publ)

DB:3AD1 Stock Report

Market Cap: €21.2b

Epiroc Valuation

Is 3AD1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 3AD1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€16.06
Fair Value
12.6% overvalued intrinsic discount
20
Number of Analysts

Below Fair Value: 3AD1 (€18.09) is trading above our estimate of fair value (€16.06)

Significantly Below Fair Value: 3AD1 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3AD1?

Key metric: As 3AD1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3AD1. This is calculated by dividing 3AD1's market cap by their current earnings.
What is 3AD1's PE Ratio?
PE Ratio28.9x
EarningsSEK 8.73b
Market CapSEK 241.60b

Price to Earnings Ratio vs Peers

How does 3AD1's PE Ratio compare to its peers?

The above table shows the PE ratio for 3AD1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.5x
8TRA Traton
5.8x8.0%€14.8b
DTG Daimler Truck Holding
9.6x10.6%€32.4b
KBX Knorr-Bremse
20.4x14.3%€12.3b
KGX KION GROUP
14.1x17.1%€4.6b
3AD1 Epiroc
28.9x8.9%€241.6b

Price-To-Earnings vs Peers: 3AD1 is expensive based on its Price-To-Earnings Ratio (28.9x) compared to the peer average (12.5x).

Price to Earnings Ratio vs Industry

How does 3AD1's PE Ratio compare vs other companies in the DE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
3AD1 28.9xIndustry Avg. 16.1xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3AD1 is expensive based on its Price-To-Earnings Ratio (28.9x) compared to the German Machinery industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is 3AD1'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.

3AD1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.9x
Fair PE Ratio18.8x

Price-To-Earnings vs Fair Ratio: 3AD1 is expensive based on its Price-To-Earnings Ratio (28.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).

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 3AD1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€18.09
€18.83
+4.1%
11.2%€23.13€14.84n/a20
Jan ’26€16.68
€18.62
+11.6%
12.4%€23.03€15.12n/a19
Dec ’25€17.06
€18.33
+7.4%
13.1%€22.99€14.75n/a19
Nov ’25€17.79
€18.12
+1.9%
13.9%€23.01€14.33n/a20
Oct ’25€19.27
€18.08
-6.1%
14.2%€23.32€14.52n/a21
Sep ’25€17.44
€17.98
+3.1%
14.0%€23.26€14.48n/a19
Aug ’25€17.22
€17.73
+3.0%
13.5%€22.68€14.12n/a20
Jul ’25€18.71
€18.05
-3.5%
14.4%€23.78€14.54n/a20
Jun ’25€19.12
€17.27
-9.7%
12.5%€22.40€14.22n/a20
May ’25€17.47
€16.96
-2.9%
12.6%€22.18€14.08n/a20
Apr ’25€17.61
€16.52
-6.2%
10.2%€19.82€13.79n/a17
Mar ’25€17.07
€17.04
-0.2%
10.2%€20.38€14.18n/a18
Feb ’25€16.33
€17.14
+5.0%
10.4%€20.39€14.18€18.5218
Jan ’25€18.14
€17.97
-0.9%
11.1%€20.71€14.41€16.6818
Dec ’24€17.06
€17.23
+1.0%
9.7%€20.13€13.65€17.0618
Nov ’24€15.46
€16.87
+9.2%
10.9%€20.74€13.20€17.7918
Oct ’24€17.72
€16.93
-4.4%
11.5%€20.55€13.08€19.2719
Sep ’24€17.58
€17.13
-2.5%
11.3%€20.53€13.07€17.4419
Aug ’24€18.00
€17.54
-2.6%
11.7%€21.28€13.55€17.2221
Jul ’24€16.83
€16.98
+0.9%
13.0%€21.28€13.20€18.7121
Jun ’24€16.32
€16.99
+4.1%
13.3%€21.06€13.15€19.1222
May ’24€18.31
€17.26
-5.8%
14.3%€21.68€13.01€17.4722
Apr ’24€18.04
€16.95
-6.0%
13.4%€21.86€12.05€17.6122
Mar ’24€18.18
€17.11
-5.9%
13.5%€22.12€12.19€17.0722
Feb ’24€17.75
€16.31
-8.1%
13.5%€20.27€11.90€16.3321
Analyst Price Target
Consensus Narrative from 20 Analysts
€18.69
Fair Value
3.2% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/04 11:42
End of Day Share Price 2025/02/04 00:00
Earnings2024/12/31
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

Epiroc AB (publ) is covered by 37 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Vlad SergievskiiBarclays
Lars BrorsonBarclays