Swedbank AB (publ)

LSE:0H6T Stock Report

Market Cap: SEK 286.7b

Swedbank Valuation

Is 0H6T 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 0H6T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 439.87
Fair Value
42.1% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: 0H6T (SEK254.49) is trading below our estimate of fair value (SEK439.87)

Significantly Below Fair Value: 0H6T is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0H6T?

Key metric: As 0H6T is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0H6T. This is calculated by dividing 0H6T's market cap by their current earnings.
What is 0H6T's PE Ratio?
PE Ratio8.2x
EarningsSEK 34.87b
Market CapSEK 286.73b

Price to Earnings Ratio vs Peers

How does 0H6T's PE Ratio compare to its peers?

The above table shows the PE ratio for 0H6T vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.9x
STAN Standard Chartered
8.8x5.8%UK£28.2b
NWG NatWest Group
8.2x2.5%UK£36.4b
LLOY Lloyds Banking Group
10.3x11.2%UK£40.6b
BARC Barclays
8.2x9.4%UK£43.7b
0H6T Swedbank
8.2x-7.8%SEK 286.7b

Price-To-Earnings vs Peers: 0H6T is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (8.9x).

Price to Earnings Ratio vs Industry

How does 0H6T's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0H6T 8.2xIndustry Avg. 8.3xNo. of Companies42PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0H6T is good value based on its Price-To-Earnings Ratio (8.2x) compared to the European Banks industry average (8.3x).

Price to Earnings Ratio vs Fair Ratio

What is 0H6T'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.

0H6T PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ratio5.5x

Price-To-Earnings vs Fair Ratio: 0H6T is expensive based on its Price-To-Earnings Ratio (8.2x) compared to the estimated Fair Price-To-Earnings Ratio (5.5x).

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 0H6T forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 254.49
SEK 249.13
-2.1%
10.1%SEK 285.00SEK 199.00n/a16
Feb ’26SEK 242.83
SEK 248.19
+2.2%
9.3%SEK 285.00SEK 199.00n/a16
Jan ’26SEK 218.09
SEK 237.38
+8.8%
7.5%SEK 271.00SEK 199.00n/a16
Dec ’25SEK 213.80
SEK 238.75
+11.7%
6.8%SEK 271.00SEK 214.00n/a16
Nov ’25SEK 218.90
SEK 237.92
+8.7%
6.5%SEK 264.00SEK 215.00n/a16
Oct ’25SEK 215.30
SEK 237.09
+10.1%
6.7%SEK 264.00SEK 200.00n/a17
Sep ’25SEK 219.40
SEK 236.53
+7.8%
6.6%SEK 256.52SEK 200.00n/a16
Aug ’25SEK 224.30
SEK 239.10
+6.6%
7.0%SEK 267.00SEK 200.00n/a16
Jul ’25SEK 221.01
SEK 234.40
+6.1%
7.4%SEK 260.00SEK 195.00n/a15
Jun ’25SEK 217.17
SEK 235.80
+8.6%
8.0%SEK 265.00SEK 195.00n/a15
May ’25SEK 212.40
SEK 236.20
+11.2%
8.3%SEK 270.00SEK 195.00n/a15
Apr ’25SEK 212.28
SEK 237.00
+11.6%
9.0%SEK 276.00SEK 195.00n/a15
Mar ’25SEK 229.12
SEK 235.95
+3.0%
9.8%SEK 276.00SEK 190.00n/a19
Feb ’25SEK 212.08
SEK 233.72
+10.2%
11.0%SEK 276.00SEK 190.00SEK 242.8318
Jan ’25SEK 203.30
SEK 235.72
+15.9%
11.8%SEK 287.00SEK 190.00SEK 218.0918
Dec ’24SEK 194.12
SEK 234.78
+20.9%
12.1%SEK 287.00SEK 185.00SEK 213.8018
Nov ’24SEK 180.65
SEK 233.84
+29.4%
11.9%SEK 287.00SEK 185.00SEK 218.9019
Oct ’24SEK 201.30
SEK 237.28
+17.9%
11.9%SEK 280.00SEK 185.00SEK 215.3018
Sep ’24SEK 194.24
SEK 236.50
+21.8%
11.3%SEK 280.00SEK 185.00SEK 219.4020
Aug ’24SEK 192.44
SEK 235.60
+22.4%
11.8%SEK 280.00SEK 175.00SEK 224.3020
Jul ’24SEK 182.02
SEK 228.65
+25.6%
12.8%SEK 275.00SEK 170.00SEK 221.0120
Jun ’24SEK 170.05
SEK 226.55
+33.2%
13.4%SEK 275.00SEK 170.00SEK 217.1720
May ’24SEK 179.01
SEK 229.35
+28.1%
12.9%SEK 275.00SEK 170.00SEK 212.4020
Apr ’24SEK 170.18
SEK 229.55
+34.9%
13.6%SEK 285.00SEK 170.00SEK 212.2820
Mar ’24SEK 210.05
SEK 228.95
+9.0%
13.7%SEK 285.00SEK 170.00SEK 229.1220
Feb ’24SEK 207.06
SEK 223.30
+7.8%
12.9%SEK 265.00SEK 170.00SEK 212.0820
Analyst Price Target
Consensus Narrative from 16 Analysts
SEK 248.82
Fair Value
2.3% overvalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/23 07:39
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
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

Swedbank AB (publ) is covered by 41 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
Pierre-Yves GauthierAlphaValue
Fridtjof BerentsArctic Securities ASA