FLSmidth & Co. A/S

CPSE:FLS Stock Report

Market Cap: DKK 20.4b

FLSmidth Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: FLS (DKK357) is trading below our estimate of fair value (DKK676.1)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FLS. This is calculated by dividing FLS's market cap by their current earnings.
What is FLS's PE Ratio?
PE Ratio24.3x
EarningsDKK 837.00m
Market CapDKK 20.45b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FLS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
NKT NKT
18.4x6.9%DKK 27.4b
SKAKO SKAKO
17.1xn/aDKK 234.1m
ROCK B Rockwool
14.1x-0.5%DKK 53.7b
PAAL B Per Aarsleff Holding
11.5x5.1%DKK 9.3b
FLS FLSmidth
24.2x21.0%DKK 20.3b

Price-To-Earnings vs Peers: FLS is expensive based on its Price-To-Earnings Ratio (24.2x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

How does FLS's PE Ratio compare vs other companies in the European Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FLS 24.3xIndustry Avg. 17.3xNo. of Companies28PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FLS is expensive based on its Price-To-Earnings Ratio (24.2x) compared to the European Machinery industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is FLS'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.

FLS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.3x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: FLS is expensive based on its Price-To-Earnings Ratio (24.2x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).

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 FLS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 357.00
DKK 408.50
+14.4%
13.4%DKK 475.00DKK 315.00n/a10
Dec ’25DKK 385.20
DKK 417.78
+8.5%
11.4%DKK 475.00DKK 320.00n/a9
Nov ’25DKK 367.00
DKK 397.22
+8.2%
12.6%DKK 475.00DKK 320.00n/a9
Oct ’25DKK 374.60
DKK 398.33
+6.3%
12.7%DKK 475.00DKK 320.00n/a9
Sep ’25DKK 344.20
DKK 398.13
+15.7%
13.5%DKK 475.00DKK 320.00n/a8
Aug ’25DKK 341.60
DKK 397.50
+16.4%
13.1%DKK 475.00DKK 320.00n/a8
Jul ’25DKK 347.80
DKK 401.25
+15.4%
15.0%DKK 475.00DKK 280.00n/a8
Jun ’25DKK 394.40
DKK 399.38
+1.3%
16.3%DKK 475.00DKK 280.00n/a8
May ’25DKK 347.60
DKK 370.63
+6.6%
15.7%DKK 455.00DKK 280.00n/a8
Apr ’25DKK 344.20
DKK 353.75
+2.8%
15.2%DKK 455.00DKK 280.00n/a8
Mar ’25DKK 322.20
DKK 348.33
+8.1%
14.1%DKK 455.00DKK 280.00n/a9
Feb ’25DKK 292.00
DKK 333.89
+14.3%
17.0%DKK 445.00DKK 270.00n/a9
Jan ’25DKK 287.20
DKK 344.44
+19.9%
14.4%DKK 445.00DKK 295.00n/a9
Dec ’24DKK 284.80
DKK 348.89
+22.5%
13.4%DKK 430.00DKK 290.00DKK 385.209
Nov ’24DKK 261.60
DKK 359.44
+37.4%
12.1%DKK 430.00DKK 295.00DKK 367.009
Oct ’24DKK 319.20
DKK 359.20
+12.5%
11.4%DKK 430.00DKK 295.00DKK 374.6010
Sep ’24DKK 314.60
DKK 354.11
+12.6%
12.6%DKK 430.00DKK 280.00DKK 344.209
Aug ’24DKK 325.40
DKK 345.22
+6.1%
16.1%DKK 430.00DKK 250.00DKK 341.609
Jul ’24DKK 330.20
DKK 330.78
+0.2%
16.1%DKK 430.00DKK 250.00DKK 347.809
Jun ’24DKK 297.20
DKK 298.89
+0.6%
16.8%DKK 370.00DKK 210.00DKK 394.409
May ’24DKK 263.60
DKK 274.56
+4.2%
24.6%DKK 370.00DKK 136.00DKK 347.609
Apr ’24DKK 262.20
DKK 273.89
+4.5%
25.2%DKK 370.00DKK 130.00DKK 344.209
Mar ’24DKK 276.10
DKK 273.89
-0.8%
25.2%DKK 370.00DKK 130.00DKK 322.209
Feb ’24DKK 296.30
DKK 266.25
-10.1%
24.0%DKK 350.00DKK 130.00DKK 292.008
Jan ’24DKK 251.70
DKK 250.00
-0.7%
27.2%DKK 350.00DKK 110.00DKK 287.208
Dec ’23DKK 213.50
DKK 248.13
+16.2%
27.6%DKK 350.00DKK 110.00DKK 284.808

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 Analysis2024/12/20 18:47
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

FLSmidth & Co. A/S is covered by 30 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew CarlsenABG Sundal Collier
Xin WangBarclays
Ling ZhangBNP Paribas Exane