Holmen AB (publ)

DB:HL9C Stock Report

Market Cap: €5.4b

Holmen Valuation

Is HL9C undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of HL9C when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: HL9C (€35.34) is trading above our estimate of future cash flow value (€21.7)

Significantly Below Future Cash Flow Value: HL9C is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HL9C?

Key metric: As HL9C is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HL9C. This is calculated by dividing HL9C's market cap by their current earnings.
What is HL9C's PE Ratio?
PE Ratio20x
EarningsSEK 2.88b
Market CapSEK 57.11b

Price to Earnings Ratio vs Peers

How does HL9C's PE Ratio compare to its peers?

The above table shows the PE ratio for HL9C vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.7x
FPE3 Fuchs
16.6x7.02%€4.4b
EVK Evonik Industries
11.7x-4.26%€7.4b
NDA Aurubis
12.4x-16.26%€7.4b
TKA thyssenkrupp
14.1x20.16%€6.6b
HL9C Holmen
20x-0.75%€57.1b

Price-To-Earnings vs Peers: HL9C is expensive based on its Price-To-Earnings Ratio (20x) compared to the peer average (13.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does HL9C's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HL9C 20.0xIndustry Avg. 18.9xNo. of Companies5PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HL9C is expensive based on its Price-To-Earnings Ratio (20x) compared to the European Forestry industry average (18.9x).

Price to Earnings Ratio vs Fair Ratio

What is HL9C'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.

HL9C PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20x
Fair PE Ratio17.2x

Price-To-Earnings vs Fair Ratio: HL9C is expensive based on its Price-To-Earnings Ratio (20x) compared to the estimated Fair Price-To-Earnings Ratio (17.2x).

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 HL9C forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€35.34
€33.41
-5.45%
13.25%€41.28€27.21n/a9
Feb ’27€31.88
€33.92
+6.39%
13.81%€42.60€27.45n/a9
Jan ’27€32.34
€33.36
+3.14%
13.16%€41.22€27.48n/a9
Dec ’26€31.32
€33.33
+6.42%
12.51%€40.93€27.29n/a9
Nov ’26€32.62
€33.72
+3.38%
11.74%€41.09€27.39n/a9
Oct ’26€32.24
€35.11
+8.90%
13.12%€43.10€27.61n/a9
Sep ’26€33.40
€36.25
+8.53%
10.87%€43.27€31.36n/a8
Aug ’26€32.14
€36.99
+15.11%
9.30%€42.59€32.21n/a9
Jul ’26€33.72
€37.23
+10.40%
9.13%€42.71€32.30n/a9
Jun ’26€36.10
€38.12
+5.60%
9.13%€43.74€33.08n/a9
May ’26€34.32
€37.39
+8.95%
8.91%€43.25€31.80n/a9
Apr ’26€35.62
€39.54
+11.01%
5.89%€43.67€35.69n/a9
Mar ’26€37.06
€38.66
+4.32%
5.84%€42.64€34.85n/a9
Feb ’26€36.34
€37.42
+2.97%
6.44%€41.41€33.84€31.889
Jan ’26€35.34
€37.81
+6.99%
5.91%€41.31€33.85€32.349
Dec ’25€34.96
€37.81
+8.15%
5.91%€41.31€33.85€31.329
Nov ’25€36.16
€37.73
+4.35%
4.97%€41.08€35.38€32.628
Oct ’25€38.76
€38.04
-1.87%
6.09%€41.62€34.10€32.248
Sep ’25€36.56
€37.93
+3.75%
6.16%€41.63€34.10€33.408
Aug ’25€36.30
€36.44
+0.39%
5.12%€39.15€34.04€32.146
Jul ’25€37.20
€38.30
+2.95%
5.21%€40.46€35.57€33.726
Jun ’25€38.04
€37.08
-2.53%
5.36%€38.82€33.53€36.105
May ’25€36.18
€37.08
+2.48%
5.36%€38.82€33.53€34.325
Apr ’25€38.87
€36.83
-5.24%
7.14%€39.98€32.87€35.625
Mar ’25€37.20
€36.04
-3.11%
7.32%€39.73€32.66€37.064
Feb ’25€36.48
€36.52
+0.10%
6.94%€39.84€32.76€36.344
€33.58
Fair Value
5.2% overvalued intrinsic discount
9
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/13 19:35
End of Day Share Price 2026/02/13 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

Holmen AB (publ) is covered by 19 analysts. 8 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
Pallav MittalBarclays
Charlie Muir-SandsBNP Paribas