Skandinaviska Enskilda Banken AB (publ)

BATS-CHIXE:SEBAS Stock Report

Market Cap: SEK 318.7b

Skandinaviska Enskilda Banken Valuation

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

Discounted Cash Flow
Simply Wall St
SEK 293.94
Fair Value
48.6% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: SEBAS (SEK151.08) is trading below our estimate of fair value (SEK293.94)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SEBAS. This is calculated by dividing SEBAS's market cap by their current earnings.
What is SEBAS's PE Ratio?
PE Ratio9.3x
EarningsSEK 34.19b
Market CapSEK 318.71b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SEBAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.1x
STAN Standard Chartered
8.9x10.60%UK£25.1b
NWG NatWest Group
8.3x3.04%UK£39.6b
LLOY Lloyds Banking Group
11.3x14.93%UK£43.5b
BARC Barclays
7.8x7.09%UK£43.7b
SEBAS Skandinaviska Enskilda Banken
9.3x-0.55%SEK 318.7b

Price-To-Earnings vs Peers: SEBAS is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (9.1x).

Price to Earnings Ratio vs Industry

How does SEBAS's PE Ratio compare vs other companies in the European Banks Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies42PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SEBAS is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the European Banks industry average (8.8x).

Price to Earnings Ratio vs Fair Ratio

What is SEBAS'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.

SEBAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SEBAS's Price-To-Earnings Fair Ratio for valuation analysis.

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 SEBAS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 151.08
SEK 157.50
+4.25%
9.15%SEK 180.00SEK 129.00n/a16
May ’26SEK 152.23
SEK 156.60
+2.87%
9.24%SEK 180.00SEK 129.00n/a15
Apr ’26SEK 171.88
SEK 161.20
-6.21%
10.27%SEK 180.00SEK 128.00n/a15
Mar ’26n/a
SEK 158.31
0%
10.67%SEK 181.00SEK 128.00n/a16
Feb ’26SEK 164.45
SEK 157.63
-4.15%
11.27%SEK 181.00SEK 125.00n/a16
Jan ’26n/a
SEK 157.81
0%
11.65%SEK 185.00SEK 127.00n/a16
Dec ’25n/a
SEK 157.50
0%
11.95%SEK 185.00SEK 130.00n/a16
Nov ’25SEK 151.43
SEK 158.73
+4.82%
11.74%SEK 185.00SEK 130.00n/a16
Oct ’25SEK 156.65
SEK 159.41
+1.76%
11.34%SEK 183.00SEK 130.00n/a17
Sep ’25SEK 156.18
SEK 158.87
+1.72%
12.27%SEK 190.00SEK 130.00n/a15
Aug ’25SEK 164.68
SEK 159.00
-3.45%
12.27%SEK 190.00SEK 130.00n/a15
Jul ’25SEK 158.25
SEK 152.33
-3.74%
11.37%SEK 180.00SEK 124.00n/a15
Jun ’25SEK 148.63
SEK 152.53
+2.63%
12.83%SEK 192.00SEK 120.00n/a15
May ’25SEK 145.15
SEK 151.29
+4.23%
13.58%SEK 192.00SEK 115.00SEK 152.2314
Apr ’25n/a
SEK 149.57
0%
12.67%SEK 185.00SEK 115.00SEK 171.8814
Mar ’25SEK 152.58
SEK 149.24
-2.19%
11.96%SEK 185.00SEK 115.00n/a17
Feb ’25SEK 148.95
SEK 149.00
+0.034%
11.47%SEK 184.00SEK 115.00SEK 164.4518
Jan ’25n/a
SEK 146.24
0%
12.01%SEK 186.00SEK 117.00n/a17
Dec ’24SEK 127.75
SEK 145.41
+13.83%
12.42%SEK 186.00SEK 117.00n/a17
Nov ’24SEK 121.60
SEK 144.17
+18.56%
12.37%SEK 186.00SEK 117.00SEK 151.4318
Oct ’24n/a
SEK 142.05
0%
12.87%SEK 179.00SEK 98.00SEK 156.6519
Sep ’24SEK 125.78
SEK 141.26
+12.31%
13.07%SEK 179.00SEK 98.00SEK 156.1819
Aug ’24SEK 126.05
SEK 140.53
+11.48%
13.08%SEK 179.00SEK 98.00SEK 164.6819
Jul ’24SEK 116.20
SEK 138.33
+19.05%
11.37%SEK 173.00SEK 115.00SEK 158.2518
Jun ’24SEK 115.45
SEK 138.61
+20.06%
11.13%SEK 173.00SEK 114.00SEK 148.6318
May ’24SEK 116.20
SEK 137.56
+18.38%
11.21%SEK 171.00SEK 104.00SEK 145.1518
AnalystConsensusTarget
Consensus Narrative from 16 Analysts
SEK 153.91
Fair Value
1.8% undervalued intrinsic discount
16
Number of Analysts

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 Analysis2025/05/11 05:15
End of Day Share Price 2025/05/06 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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

Skandinaviska Enskilda Banken AB (publ) is covered by 45 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Fridtjof BerentsArctic Securities ASA
Michael HarrisonBarclays