Atlas Copco AB (publ)

BATS-CHIXE:ATCOAS Stock Report

Market Cap: SEK 875.0b

Atlas Copco Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Discounted Cash Flow
Simply Wall St
SEK 192.85
Fair Value
5.1% undervalued intrinsic discount
21
Number of Analysts

Below Fair Value: ATCOAS (SEK183.1) is trading below our estimate of fair value (SEK192.85)

Significantly Below Fair Value: ATCOAS is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ATCOAS. This is calculated by dividing ATCOAS's market cap by their current earnings.
What is ATCOAS's PE Ratio?
PE Ratio30.5x
EarningsSEK 29.78b
Market CapSEK 874.99b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ATCOAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.1x
WEIR Weir Group
28.4x18.4%UK£6.3b
SPX Spirax Group
31.1x8.5%UK£6.0b
IMI IMI
20.3x12.3%UK£5.1b
ROR Rotork
24.8x10.2%UK£3.0b
ATCOAS Atlas Copco
30.5x6.9%SEK 875.0b

Price-To-Earnings vs Peers: ATCOAS is expensive based on its Price-To-Earnings Ratio (30.5x) compared to the peer average (26.1x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies28PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ATCOAS is expensive based on its Price-To-Earnings Ratio (30.5x) compared to the European Machinery industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is ATCOAS'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.

ATCOAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ATCOAS'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 ATCOAS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 183.10
SEK 188.52
+3.0%
15.2%SEK 238.00SEK 122.00n/a21
Jan ’26n/a
SEK 188.83
0%
14.7%SEK 238.00SEK 122.00n/a23
Dec ’25SEK 173.05
SEK 187.59
+8.4%
15.0%SEK 238.00SEK 122.00n/a22
Nov ’25SEK 176.10
SEK 187.91
+6.7%
15.1%SEK 238.00SEK 122.00n/a22
Oct ’25SEK 197.40
SEK 191.59
-2.9%
15.8%SEK 240.00SEK 122.00n/a22
Sep ’25SEK 185.03
SEK 192.27
+3.9%
16.2%SEK 240.00SEK 122.00n/a22
Aug ’25SEK 191.30
SEK 192.27
+0.5%
16.2%SEK 240.00SEK 122.00n/a22
Jul ’25SEK 200.50
SEK 188.77
-5.8%
15.3%SEK 238.00SEK 122.00n/a22
Jun ’25SEK 198.70
SEK 185.77
-6.5%
15.1%SEK 230.00SEK 122.00n/a22
May ’25SEK 192.45
SEK 183.86
-4.5%
14.6%SEK 222.00SEK 122.00n/a22
Apr ’25SEK 183.83
SEK 169.00
-8.1%
14.4%SEK 216.00SEK 115.00n/a22
Mar ’25n/a
SEK 163.96
0%
14.5%SEK 200.00SEK 115.00n/a23
Feb ’25n/a
SEK 164.43
0%
14.8%SEK 200.00SEK 115.00SEK 183.1023
Jan ’25n/a
SEK 161.35
0%
13.6%SEK 198.00SEK 115.00n/a23
Dec ’24SEK 163.10
SEK 157.91
-3.2%
14.7%SEK 198.00SEK 115.00SEK 173.0523
Nov ’24SEK 144.25
SEK 156.68
+8.6%
14.9%SEK 198.00SEK 115.00SEK 176.1022
Oct ’24SEK 144.40
SEK 157.36
+9.0%
14.5%SEK 198.00SEK 120.00SEK 197.4022
Sep ’24SEK 145.40
SEK 157.27
+8.2%
14.3%SEK 198.00SEK 120.00SEK 185.0322
Aug ’24SEK 149.55
SEK 156.73
+4.8%
13.8%SEK 192.00SEK 120.00SEK 191.3022
Jul ’24SEK 155.00
SEK 152.00
-1.9%
13.8%SEK 192.00SEK 120.00SEK 200.5022
Jun ’24SEK 156.58
SEK 147.46
-5.8%
13.2%SEK 186.00SEK 120.00SEK 198.7022
May ’24SEK 144.70
SEK 140.53
-2.9%
14.5%SEK 175.00SEK 105.00SEK 192.4523
Apr ’24SEK 125.85
SEK 131.83
+4.8%
10.7%SEK 163.00SEK 105.00SEK 183.8323
Mar ’24SEK 124.62
SEK 131.09
+5.2%
10.6%SEK 163.00SEK 105.00n/a23
Feb ’24SEK 123.36
SEK 130.96
+6.2%
11.9%SEK 172.00SEK 100.00n/a23
Analyst Price Target
Consensus Narrative from 21 Analysts
SEK 185.39
Fair Value
1.2% undervalued intrinsic discount
21
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 Analysis2025/02/02 10:50
End of Day Share Price 2025/01/30 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 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

Atlas Copco AB (publ) is covered by 57 analysts. 18 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
Lionel PellicerAlphaValue
Robert BateBarclays