Svenska Cellulosa Aktiebolaget SCA (publ)

BST:SCA Stock Report

Market Cap: €8.3b

Svenska Cellulosa Aktiebolaget Valuation

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

Below Fair Value: SCA (€11.78) is trading below our estimate of fair value (€12.6)

Significantly Below Fair Value: SCA is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SCA. This is calculated by dividing SCA's market cap by their current earnings.
What is SCA's PE Ratio?
PE Ratio25.9x
EarningsSEK 3.67b
Market CapSEK 95.02b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SCA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24x
EVK Evonik Industries
33.5x32.9%€7.7b
FPE3 Fuchs
18.3x8.6%€4.8b
SY1 Symrise
36.2x13.6%€14.2b
NDA Aurubis
8.2x-5.3%€3.4b
SCA Svenska Cellulosa Aktiebolaget
25.9x13.4%€95.0b

Price-To-Earnings vs Peers: SCA is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the peer average (24x).

Price to Earnings Ratio vs Industry

How does SCA's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SCA 25.9xIndustry Avg. 10.2xNo. of Companies9PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SCA is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the European Forestry industry average (10.2x).

Price to Earnings Ratio vs Fair Ratio

What is SCA'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.

SCA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.9x
Fair PE Ratio16.5x

Price-To-Earnings vs Fair Ratio: SCA is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.5x).

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 SCA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.78
€13.49
+14.5%
12.9%€16.03€9.45n/a13
Dec ’25€12.18
€13.50
+10.9%
12.9%€16.05€9.46n/a13
Nov ’25€12.13
€13.22
+9.0%
15.1%€15.88€9.36n/a12
Oct ’25€12.94
€13.60
+5.1%
16.0%€15.86€8.90n/a12
Sep ’25€12.43
€13.68
+10.1%
14.7%€16.18€9.79n/a13
Aug ’25€12.53
€13.70
+9.4%
14.9%€15.88€9.44n/a13
Jul ’25€13.66
€14.35
+5.1%
17.0%€16.96€9.37n/a12
Jun ’25€13.97
€13.66
-2.2%
17.5%€16.21€8.96n/a12
May ’25€13.72
€13.66
-0.4%
17.5%€16.21€8.96n/a12
Apr ’25€14.21
€13.39
-5.8%
16.8%€16.02€8.66n/a12
Mar ’25€13.05
€13.87
+6.3%
13.2%€16.01€8.89n/a11
Feb ’25€12.20
€13.95
+14.3%
13.4%€16.01€8.89n/a11
Jan ’25€13.65
€14.08
+3.2%
11.9%€16.44€9.95n/a11
Dec ’24€13.83
€14.35
+3.8%
13.1%€16.84€9.93€12.1810
Nov ’24€13.03
€13.49
+3.6%
13.8%€16.07€9.47€12.1310
Oct ’24€12.96
€13.02
+0.5%
14.8%€15.61€9.20€12.949
Sep ’24€12.25
€13.40
+9.4%
14.5%€16.06€9.64€12.439
Aug ’24€12.08
€13.40
+11.0%
14.5%€16.06€9.64€12.539
Jul ’24€11.64
€13.41
+15.3%
12.8%€16.23€10.42€13.669
Jun ’24€12.59
€13.67
+8.6%
14.5%€16.70€9.67€13.979
May ’24€12.27
€13.46
+9.7%
14.8%€16.76€9.70€13.729
Apr ’24€12.06
€13.94
+15.6%
17.7%€18.53€9.80€14.218
Mar ’24€13.14
€14.79
+12.6%
14.5%€18.70€12.05€13.057
Feb ’24€13.03
€14.42
+10.7%
15.0%€18.29€11.43€12.207
Jan ’24€12.01
€14.93
+24.3%
15.6%€18.94€11.83€13.657
Dec ’23€12.91
€15.11
+17.0%
15.6%€19.26€12.04€13.837

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 Analysis2024/12/23 06:05
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Svenska Cellulosa Aktiebolaget SCA (publ) is covered by 38 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martin MelbyeABG Sundal Collier
Varun SikkaAlphaValue
Pierre-Yves GauthierAlphaValue