FLSmidth & Co. A/S

DB:F6O1 Stock Report

Market Cap: €2.8b

FLSmidth Valuation

Is F6O1 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 F6O1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: F6O1 (€49.02) is trading below our estimate of fair value (€89.33)

Significantly Below Fair Value: F6O1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for F6O1?

Key metric: As F6O1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for F6O1. This is calculated by dividing F6O1's market cap by their current earnings.
What is F6O1's PE Ratio?
PE Ratio25.3x
EarningsDKK 837.00m
Market CapDKK 21.21b

Price to Earnings Ratio vs Peers

How does F6O1's PE Ratio compare to its peers?

The above table shows the PE ratio for F6O1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.6x
JUN3 Jungheinrich
8.6x6.9%€2.4b
R3NK RENK Group
99x50.1%€2.1b
KGX KION GROUP
12.8x17.4%€4.3b
VOS Vossloh
14x10.6%€792.1m
F6O1 FLSmidth
25.3x21.0%€21.2b

Price-To-Earnings vs Peers: F6O1 is good value based on its Price-To-Earnings Ratio (25.3x) compared to the peer average (33.6x).

Price to Earnings Ratio vs Industry

How does F6O1'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
F6O1 25.3xIndustry Avg. 14.7xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: F6O1 is expensive based on its Price-To-Earnings Ratio (25.3x) compared to the German Machinery industry average (14.6x).

Price to Earnings Ratio vs Fair Ratio

What is F6O1'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.

F6O1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.3x
Fair PE Ratio18.7x

Price-To-Earnings vs Fair Ratio: F6O1 is expensive based on its Price-To-Earnings Ratio (25.3x) compared to the estimated Fair Price-To-Earnings Ratio (18.7x).

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 F6O1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€49.02
€54.44
+11.1%
12.5%€63.68€42.90n/a9
Nov ’25€47.82
€53.25
+11.4%
12.6%€63.68€42.90n/a9
Oct ’25€50.55
€53.40
+5.6%
12.7%€63.68€42.90n/a9
Sep ’25€46.30
€53.37
+15.3%
13.5%€63.67€42.90n/a8
Aug ’25€46.60
€53.28
+14.3%
13.1%€63.67€42.89n/a8
Jul ’25€46.74
€53.80
+15.1%
15.0%€63.69€37.54n/a8
Jun ’25€52.05
€53.56
+2.9%
16.3%€63.70€37.55n/a8
May ’25€46.84
€49.68
+6.1%
15.7%€60.98€37.53n/a8
Apr ’25€45.98
€47.43
+3.2%
15.2%€61.00€37.54n/a8
Mar ’25€44.00
€46.73
+6.2%
14.1%€61.04€37.56n/a9
Feb ’25€37.72
€44.80
+18.8%
17.0%€59.71€36.23n/a9
Jan ’25€38.58
€46.18
+19.7%
14.4%€59.66€39.55n/a9
Dec ’24€38.00
€46.77
+23.1%
13.4%€57.64€38.87n/a9
Nov ’24€35.34
€48.15
+36.3%
12.1%€57.61€39.52€47.829
Oct ’24€40.94
€48.18
+17.7%
11.4%€57.67€39.57€50.5510
Sep ’24€41.82
€47.51
+13.6%
12.6%€57.69€37.56€46.309
Aug ’24€42.70
€46.35
+8.5%
16.1%€57.73€33.56€46.609
Jul ’24€43.74
€44.41
+1.5%
16.1%€57.74€33.57€46.749
Jun ’24€38.78
€40.13
+3.5%
16.8%€49.67€28.19€52.059
May ’24€35.64
€36.85
+3.4%
24.6%€49.66€18.25€46.849
Apr ’24€34.78
€36.79
+5.8%
25.2%€49.70€17.46€45.989
Mar ’24€36.88
€36.79
-0.3%
25.2%€49.70€17.46€44.009
Feb ’24€38.99
€35.81
-8.2%
24.0%€47.07€17.48€37.728
Jan ’24€33.35
€33.60
+0.7%
27.2%€47.04€14.78€38.588
Dec ’23€28.10
€33.35
+18.7%
27.6%€47.05€14.79€38.008
Nov ’23€23.33
€32.64
+39.9%
26.7%€47.05€14.79€35.349

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

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