B3 Consulting Group AB (publ)

DB:B37 Stock Report

Market Cap: €59.3m

B3 Consulting Group Valuation

Is B37 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 B37 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€35.73
Fair Value
81.9% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: B37 (€6.45) is trading below our estimate of fair value (€35.73)

Significantly Below Fair Value: B37 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for B37?

Key metric: As B37 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for B37. This is calculated by dividing B37's market cap by their current earnings.
What is B37's PE Ratio?
PE Ratio7.2x
EarningsSEK 92.80m
Market CapSEK 665.15m

Price to Earnings Ratio vs Peers

How does B37's PE Ratio compare to its peers?

The above table shows the PE ratio for B37 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.9x
OBS ORBIS
19.5x-5.5%€56.3m
3ITN audius
23.6x11.5%€50.7m
AEIN Allgeier
15x13.9%€174.4m
T3T1 Seven Principles
9.5xn/a€19.6m
B37 B3 Consulting Group
7.2x1.1%€665.2m

Price-To-Earnings vs Peers: B37 is good value based on its Price-To-Earnings Ratio (7.2x) compared to the peer average (16.9x).

Price to Earnings Ratio vs Industry

How does B37's PE Ratio compare vs other companies in the DE IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
B37 7.2xIndustry Avg. 17.4xNo. of Companies3PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: B37 is good value based on its Price-To-Earnings Ratio (7.2x) compared to the European IT industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is B37'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.

B37 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.2x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: B37 is good value based on its Price-To-Earnings Ratio (7.2x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).

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 B37 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.45
€11.55
+79.1%
26.9%€14.67€8.44n/a2
Feb ’26€6.26
€11.37
+81.7%
26.9%€14.43€8.31n/a2
Jan ’26€6.37
€11.37
+78.5%
26.9%€14.43€8.31n/a2
Dec ’25€6.46
€11.37
+76.0%
26.9%€14.43€8.31n/a2
Nov ’25€6.83
€11.37
+66.5%
26.9%€14.43€8.31n/a2
Oct ’25€7.66
€11.61
+51.6%
25.5%€14.57€8.65n/a2
Sep ’25€7.84
€11.38
+45.1%
25.5%€14.27€8.48n/a2
Aug ’25€7.33
€11.38
+55.2%
25.5%€14.27€8.48n/a2
Jul ’25€7.00
€10.66
+52.3%
35.8%€14.48€6.84n/a2
Jun ’25€6.79
€10.54
+55.3%
35.8%€14.32€6.77n/a2
May ’25€5.90
€10.26
+73.8%
37.5%€14.10€6.41n/a2
Apr ’25€7.61
€12.23
+60.7%
20.0%€14.67€9.78n/a2
Mar ’25€8.15
€12.23
+50.0%
20.0%€14.67€9.78n/a2
Feb ’25€7.92
€12.52
+58.1%
16.6%€14.60€10.44€6.262
Jan ’25€9.68
€12.29
+27.0%
13.8%€13.99€10.60€6.372
Dec ’24€7.37
€12.29
+66.8%
13.8%€13.99€10.60€6.462
Nov ’24€6.55
€12.29
+87.6%
13.8%€13.99€10.60€6.832
Oct ’24€7.70
€15.19
+97.2%
5.7%€16.05€14.32€7.662
Sep ’24€7.88
€15.19
+92.7%
5.7%€16.05€14.32€7.842
Aug ’24€8.72
€15.19
+74.1%
5.7%€16.05€14.32€7.332
Jul ’24€10.02
€17.58
+75.4%
8.4%€19.06€16.09€7.002
Jun ’24€10.94
€18.96
+73.3%
11.6%€21.16€16.75€6.792
May ’24€17.32
€18.87
+9.0%
11.6%€21.07€16.68€5.902
Apr ’24€16.60
€18.87
+13.7%
11.6%€21.07€16.68€7.612
Analyst Price Target
Consensus Narrative from 2 Analysts
€11.49
Fair Value
43.8% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/16 20:21
End of Day Share Price 2025/02/14 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.

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

B3 Consulting Group AB (publ) is covered by 5 analysts. 2 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
null nullABG Sundal Collier Sponsored
André BuhagenKepler Cheuvreux