Nilfisk Holding A/S

CPSE:NLFSK Stock Report

Market Cap: DKK 2.8b

Nilfisk Holding Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: NLFSK (DKK103.8) is trading below our estimate of fair value (DKK436.52)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NLFSK. This is calculated by dividing NLFSK's market cap by their current earnings.
What is NLFSK's PE Ratio?
PE Ratio10.3x
Earnings€36.60m
Market Cap€377.33m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NLFSK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.9x
HOVE Hove
102.2xn/aDKK 75.9m
AOJ B Brødrene A & O Johansen
14.1xn/aDKK 2.1b
SOLAR B Solar
13.5x26.7%DKK 2.1b
MTHH MT Højgaard Holding
5.8xn/aDKK 2.2b
NLFSK Nilfisk Holding
10.3x24.2%DKK 2.8b

Price-To-Earnings vs Peers: NLFSK is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (33.9x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NLFSK 10.3xIndustry Avg. 17.4xNo. of Companies28PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NLFSK is good value based on its Price-To-Earnings Ratio (10.3x) compared to the European Machinery industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is NLFSK'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.

NLFSK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ratio15.4x

Price-To-Earnings vs Fair Ratio: NLFSK is good value based on its Price-To-Earnings Ratio (10.3x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).

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 NLFSK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 103.80
DKK 171.63
+65.3%
6.0%DKK 184.96DKK 159.96n/a3
Dec ’25DKK 106.60
DKK 171.63
+61.0%
6.0%DKK 184.96DKK 159.96n/a3
Nov ’25DKK 115.00
DKK 188.29
+63.7%
5.4%DKK 199.94DKK 174.98n/a3
Oct ’25DKK 144.80
DKK 191.71
+32.4%
6.2%DKK 200.10DKK 174.99n/a3
Sep ’25DKK 132.20
DKK 191.64
+45.0%
6.2%DKK 200.04DKK 174.91n/a3
Aug ’25DKK 125.60
DKK 192.52
+53.3%
9.1%DKK 210.07DKK 174.96n/a2
Jul ’25DKK 143.80
DKK 192.45
+33.8%
9.1%DKK 209.98DKK 174.92n/a2
Jun ’25DKK 150.40
DKK 195.11
+29.7%
10.2%DKK 214.99DKK 175.24n/a2
May ’25DKK 147.00
DKK 195.05
+32.7%
10.2%DKK 214.98DKK 175.11n/a2
Apr ’25DKK 141.80
DKK 174.95
+23.4%
0.002%DKK 174.95DKK 174.95n/a2
Mar ’25DKK 127.60
DKK 174.99
+37.1%
0.03%DKK 175.03DKK 174.94n/a2
Feb ’25DKK 127.20
DKK 167.42
+31.6%
4.6%DKK 175.03DKK 159.80n/a2
Jan ’25DKK 118.20
DKK 167.42
+41.6%
4.6%DKK 175.03DKK 159.80n/a2
Dec ’24DKK 110.60
DKK 167.42
+51.4%
4.6%DKK 175.03DKK 159.80DKK 106.602
Nov ’24DKK 111.20
DKK 195.04
+75.4%
2.6%DKK 200.04DKK 190.04DKK 115.002
Oct ’24DKK 124.20
DKK 195.04
+57.0%
2.6%DKK 200.04DKK 190.04DKK 144.802
Sep ’24DKK 136.00
DKK 195.04
+43.4%
2.6%DKK 200.04DKK 190.04DKK 132.202
Aug ’24DKK 129.00
DKK 192.52
+49.2%
1.3%DKK 195.03DKK 190.02DKK 125.602
Jul ’24DKK 125.60
DKK 192.52
+53.3%
1.3%DKK 195.03DKK 190.02DKK 143.802
Jun ’24DKK 129.40
DKK 192.52
+48.8%
1.3%DKK 195.03DKK 190.02DKK 150.402
May ’24DKK 139.20
DKK 212.57
+52.7%
8.2%DKK 230.06DKK 195.07DKK 147.002
Apr ’24DKK 135.20
DKK 212.57
+57.2%
8.2%DKK 230.06DKK 195.07DKK 141.802
Mar ’24DKK 132.20
DKK 212.43
+60.7%
8.3%DKK 229.96DKK 194.89DKK 127.602
Feb ’24DKK 141.00
DKK 220.00
+56.0%
6.8%DKK 235.02DKK 204.97DKK 127.202
Jan ’24DKK 146.60
DKK 222.45
+51.7%
7.9%DKK 239.99DKK 204.91DKK 118.202
Dec ’23DKK 145.00
DKK 222.45
+53.4%
7.9%DKK 239.99DKK 204.91DKK 110.602

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:49
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

Nilfisk Holding A/S is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Casper BlomABG Sundal Collier
Mads QuistgaardCarnegie Investment Bank AB
Casper BlomDanske Bank