MT Højgaard Holding A/S

CPSE:MTHH Stock Report

Market Cap: DKK 2.1b

MT Højgaard Holding Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 Fair Value

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

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Below Future Cash Flow Value: MTHH (DKK266) is trading below our estimate of future cash flow value (DKK489.8)

Significantly Below Future Cash Flow Value: MTHH is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MTHH. This is calculated by dividing MTHH's market cap by their current earnings.
What is MTHH's PE Ratio?
PE Ratio7x
EarningsDKK 294.00m
Market CapDKK 2.05b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MTHH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22x
PAAL B Per Aarsleff Holding
16.5x13.39%DKK 15.0b
AOJ B Brødrene A & O Johansen
12.7xn/aDKK 2.7b
SOLAR B Solar
49.8x77.49%DKK 1.6b
1888 Wakachiku Construction
8.9xn/aJP¥48.5b
MTHH MT Højgaard Holding
7x13.14%DKK 2.1b

Price-To-Earnings vs Peers: MTHH is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (22x).

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 MTHH's PE Ratio compare vs other companies in the European Construction Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MTHH 7.0xIndustry Avg. 15.9xNo. of Companies19PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MTHH is good value based on its Price-To-Earnings Ratio (7x) compared to the European Construction industry average (15.9x).

Price to Earnings Ratio vs Fair Ratio

What is MTHH'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.

MTHH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: MTHH is good value based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).

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 MTHH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 266.00
DKK 440.00
+65.41%
13.64%DKK 500.00DKK 380.00n/a2
Aug ’27DKK 265.00
DKK 440.00
+66.04%
13.64%DKK 500.00DKK 380.00n/a2
Jul ’27DKK 279.50
DKK 440.00
+57.42%
13.64%DKK 500.00DKK 380.00n/a2
Jun ’27DKK 316.50
DKK 500.00
+57.98%
10.00%DKK 550.00DKK 450.00n/a2
May ’27DKK 344.50
DKK 510.00
+48.04%
11.76%DKK 570.00DKK 450.00n/a2
DKK 440
Fair Value
39.5% 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 Analysis2026/08/18 23:52
End of Day Share Price 2026/08/18 00:00
Earnings2026/03/31
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

MT Højgaard Holding A/S is covered by 4 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
Laurits KjaergaardABG Sundal Collier Sponsored
Anders PreetzmannDanske Bank
Alexander BorreskovDNB Carnegie