Rockwool A/S

DB:R90 Stock Report

Market Cap: €8.7b

Rockwool Valuation

Is R90 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 R90 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: R90 (€420.8) is trading above our estimate of fair value (€242.38)

Significantly Below Fair Value: R90 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for R90?

Key metric: As R90 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for R90. This is calculated by dividing R90's market cap by their current earnings.
What is R90's PE Ratio?
PE Ratio18.7x
Earnings€467.00m
Market Cap€8.70b

Price to Earnings Ratio vs Peers

How does R90's PE Ratio compare to its peers?

The above table shows the PE ratio for R90 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.1x
VIB3 Villeroy & Boch
14.6x43.5%€412.4m
ST5 STEICO
10x-6.9%€285.2m
WUG Westag
24.1xn/a€117.0m
HOT HOCHTIEF
11.7x2.9%€8.5b
R90 Rockwool
18.7x3.8%€64.9b

Price-To-Earnings vs Peers: R90 is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the peer average (15.1x).

Price to Earnings Ratio vs Industry

How does R90's PE Ratio compare vs other companies in the European Building Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
R90 18.7xIndustry Avg. 19.9xNo. of Companies13PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: R90 is good value based on its Price-To-Earnings Ratio (18.7x) compared to the European Building industry average (19.9x).

Price to Earnings Ratio vs Fair Ratio

What is R90'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.

R90 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.7x
Fair PE Ratio15.1x

Price-To-Earnings vs Fair Ratio: R90 is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

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 R90 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€420.80
€399.89
-5.0%
15.0%€509.59€274.74n/a12
Nov ’25€396.60
€396.52
-0.02%
14.4%€509.59€274.74n/a12
Oct ’25€420.80
€397.23
-5.6%
14.1%€509.59€274.78n/a12
Sep ’25€387.20
€393.29
+1.6%
12.4%€455.68€274.78n/a12
Aug ’25€408.40
€384.46
-5.9%
13.0%€455.68€274.78n/a12
Jul ’25€383.40
€353.66
-7.8%
16.1%€442.30€254.81n/a13
Jun ’25€384.80
€344.63
-10.4%
16.2%€442.30€254.81n/a12
May ’25€308.40
€294.71
-4.4%
14.3%€361.95€241.27n/a12
Apr ’25€303.50
€291.01
-4.1%
14.3%€352.78€232.18n/a12
Mar ’25€297.00
€287.28
-3.3%
13.6%€352.78€232.18n/a13
Feb ’25€251.20
€257.07
+2.3%
11.6%€317.22€218.47n/a13
Jan ’25€265.70
€259.51
-2.3%
12.3%€321.95€223.88n/a14
Dec ’24€249.10
€262.12
+5.2%
11.7%€321.95€223.88n/a14
Nov ’24€210.80
€261.16
+23.9%
12.0%€308.52€214.73€396.6014
Oct ’24€222.50
€268.22
+20.5%
11.7%€318.62€214.73€420.8014
Sep ’24€235.50
€265.53
+12.8%
12.2%€318.62€214.73€387.2014
Aug ’24€244.10
€261.26
+7.0%
12.4%€318.68€204.69€408.4014
Jul ’24€231.80
€256.97
+10.9%
14.2%€295.64€188.07€383.4013
Jun ’24€224.00
€252.67
+12.8%
15.0%€295.64€188.07€384.8014
May ’24€214.50
€252.36
+17.6%
14.8%€295.83€187.86€308.4013
Apr ’24€224.40
€250.55
+11.7%
17.3%€335.59€187.99€303.5013
Mar ’24€214.90
€242.94
+13.0%
17.4%€335.59€187.99€297.0013
Feb ’24€261.50
€238.99
-8.6%
16.1%€309.20€193.62€251.2013
Jan ’24€222.00
€212.13
-4.4%
14.8%€296.05€173.45€265.7013
Dec ’23€214.20
€220.29
+2.8%
21.7%€342.70€161.31€249.1014
Nov ’23€202.20
€225.36
+11.5%
24.0%€342.75€161.31€210.8013

Analyst Forecast: Target price is lower than the current share price.

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