Aktieselskabet Schouw Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: SCHO (DKK553) is trading below our estimate of fair value (DKK739.48)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SCHO. This is calculated by dividing SCHO's market cap by their current earnings.
What is SCHO's PE Ratio?
PE Ratio	13.4x
Earnings	DKK 949.00m
Market Cap	DKK 12.41b

SCHO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.6x
Enterprise Value/EBITDA	7.1x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SCHO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	14.1x
UIE UIE	8.6x	n/a	DKK 9.5b
STG Scandinavian Tobacco Group	7.8x	3.8%	DKK 7.5b
RBREW Royal Unibrew	17.4x	3.7%	DKK 25.3b
ARYN ARYZTA	22.8x	16.9%	CHF 1.6b
SCHO Aktieselskabet Schouw	13.4x	12.3%	DKK 12.4b

Price-To-Earnings vs Peers: SCHO is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (14.1x).

Price to Earnings Ratio vs Industry

How does SCHO's PE Ratio compare vs other companies in the European Food Industry?

4 Companies	Price / Earnings	Estimated Growth	Market Cap

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SCHO is good value based on its Price-To-Earnings Ratio (13.4x) compared to the European Food industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is SCHO'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.

SCHO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.4x
Fair PE Ratio	13.1x

Price-To-Earnings vs Fair Ratio: SCHO is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).

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 SCHO forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	DKK 552.00	DKK 697.50 +26.4%	4.7%	DKK 730.00	DKK 665.00	n/a	2
Dec ’25	DKK 556.00	DKK 697.50 +25.4%	4.7%	DKK 730.00	DKK 665.00	n/a	2
Nov ’25	DKK 571.00	DKK 695.00 +21.7%	3.3%	DKK 720.00	DKK 665.00	n/a	3
Oct ’25	DKK 577.00	DKK 695.00 +20.5%	3.3%	DKK 720.00	DKK 665.00	n/a	3
Sep ’25	DKK 580.00	DKK 691.67 +19.3%	2.8%	DKK 710.00	DKK 665.00	n/a	3
Aug ’25	DKK 567.00	DKK 688.33 +21.4%	2.4%	DKK 700.00	DKK 665.00	n/a	3
Jul ’25	DKK 547.00	DKK 688.33 +25.8%	2.4%	DKK 700.00	DKK 665.00	n/a	3
Jun ’25	DKK 573.00	DKK 678.33 +18.4%	2.3%	DKK 700.00	DKK 665.00	n/a	3
May ’25	DKK 554.00	DKK 678.33 +22.4%	2.3%	DKK 700.00	DKK 665.00	n/a	3
Apr ’25	DKK 532.00	DKK 673.33 +26.6%	3.1%	DKK 700.00	DKK 650.00	n/a	3
Mar ’25	DKK 565.00	DKK 675.00 +19.5%	3.7%	DKK 700.00	DKK 650.00	n/a	2
Feb ’25	DKK 556.00	DKK 675.00 +21.4%	3.7%	DKK 700.00	DKK 650.00	n/a	2
Jan ’25	DKK 553.00	DKK 675.00 +22.1%	3.7%	DKK 700.00	DKK 650.00	DKK 538.00	2
Dec ’24	DKK 531.00	DKK 675.00 +27.1%	3.7%	DKK 700.00	DKK 650.00	DKK 556.00	2
Nov ’24	DKK 434.50	DKK 670.00 +54.2%	3.0%	DKK 690.00	DKK 650.00	DKK 571.00	2
Oct ’24	DKK 470.50	DKK 675.00 +43.5%	3.7%	DKK 700.00	DKK 650.00	DKK 577.00	2
Sep ’24	DKK 507.00	DKK 675.00 +33.1%	3.7%	DKK 700.00	DKK 650.00	DKK 580.00	2
Aug ’24	DKK 543.00	DKK 675.00 +24.3%	3.7%	DKK 700.00	DKK 650.00	DKK 567.00	2
Jul ’24	DKK 539.00	DKK 675.00 +25.2%	3.7%	DKK 700.00	DKK 650.00	DKK 547.00	2

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

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 19:42
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Aktieselskabet Schouw & Co. 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.

Analyst	Institution
André Thormann	Danske Bank
Bruce Diesen	Fearnley Securities
Claus Almer Nielsen	Nordea Markets