Scandinavian Tobacco Group A/S

CPSE:STG Stock Report

Mkt Cap: kr.10.0b

We’ve recently updated our valuation analysis.

Scandinavian Tobacco Group Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

STG 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/Revenue1.6x
Enterprise Value/EBITDA6.7x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for STG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.6x
SCHO Aktieselskabet Schouw
14.9x13.2%kr.13.1b
UIE UIE
28.8xn/akr.6.0b
RBREW Royal Unibrew
28.2x9.6%kr.30.3b
UVV Universal
10.3xn/aUS$1.3b
STG Scandinavian Tobacco Group
7.1x5.9%kr.10.0b

Price-To-Earnings vs Peers: STG is good value based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (20.6x).

Price to Earnings Ratio vs Industry

How does STG's PE Ratio compare vs other companies in the Global Tobacco Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.6%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.6%
 n/an/an/a
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Price-To-Earnings vs Industry: STG is good value based on its Price-To-Earnings Ratio (7.1x) compared to the Global Tobacco industry average (10.8x)

Price to Earnings Ratio vs Fair Ratio

What is STG'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.

STG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.1x
Fair PE Ratio14.3x

Price-To-Earnings vs Fair Ratio: STG is good value based on its Price-To-Earnings Ratio (7.1x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).

Share Price vs Fair Value

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

Below Fair Value: STG (DKK116) is trading below our estimate of fair value (DKK154.92)

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

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 STG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentkr.116.00
kr.136.25
+17.5%
13.3%kr.165.00kr.115.00n/a4
May ’24kr.133.60
kr.138.33
+3.5%
14.9%kr.165.00kr.115.00n/a3
Apr ’24kr.136.20
kr.138.33
+1.6%
14.9%kr.165.00kr.115.00n/a3
Mar ’24kr.119.50
kr.130.00
+8.8%
20.6%kr.165.00kr.100.00n/a3
Feb ’24kr.121.50
kr.133.75
+10.1%
18.0%kr.165.00kr.100.00n/a4
Jan ’24kr.122.10
kr.140.00
+14.7%
11.8%kr.165.00kr.125.00n/a4
Dec ’23kr.126.20
kr.140.00
+10.9%
11.8%kr.165.00kr.125.00n/a4
Nov ’23kr.125.80
kr.143.75
+14.3%
13.1%kr.165.00kr.125.00n/a4
Oct ’23kr.110.50
kr.143.75
+30.1%
13.1%kr.165.00kr.125.00n/a4
Sep ’23kr.110.00
kr.143.75
+30.7%
13.1%kr.165.00kr.125.00n/a4
Aug ’23kr.137.40
kr.170.50
+24.1%
6.4%kr.185.00kr.160.00n/a4
Jul ’23kr.138.00
kr.170.50
+23.6%
6.4%kr.185.00kr.160.00n/a4
Jun ’23kr.148.90
kr.170.50
+14.5%
6.4%kr.185.00kr.160.00n/a4
May ’23kr.148.30
kr.162.00
+9.2%
9.8%kr.185.00kr.140.00kr.133.604
Apr ’23kr.136.50
kr.162.00
+18.7%
9.8%kr.185.00kr.140.00kr.136.204
Mar ’23kr.148.10
kr.157.50
+6.3%
7.9%kr.175.00kr.140.00kr.119.504
Feb ’23kr.142.90
kr.157.50
+10.2%
7.9%kr.175.00kr.140.00kr.121.504
Jan ’23kr.137.30
kr.160.00
+16.5%
7.7%kr.175.00kr.140.00kr.122.105
Dec ’22kr.121.60
kr.161.25
+32.6%
8.3%kr.175.00kr.140.00kr.126.204
Nov ’22kr.143.00
kr.161.25
+12.8%
8.3%kr.175.00kr.140.00kr.125.804
Oct ’22kr.126.00
kr.161.25
+28.0%
8.3%kr.175.00kr.140.00kr.110.504
Sep ’22kr.128.30
kr.161.25
+25.7%
8.3%kr.175.00kr.140.00kr.110.004
Aug ’22kr.128.50
kr.150.25
+16.9%
9.1%kr.165.00kr.130.00kr.137.404
Jul ’22kr.130.30
kr.150.25
+15.3%
9.1%kr.165.00kr.130.00kr.138.004
Jun ’22kr.131.20
kr.150.25
+14.5%
9.1%kr.165.00kr.130.00kr.148.904
May ’22kr.112.60
kr.137.50
+22.1%
7.9%kr.150.00kr.120.00kr.148.304

Analyst Forecast: Target price is less than 20% higher than the current share price.

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