Epiroc AB (publ)

BATS-CHIXE:EPIAS Stock Report

Market Cap: SEK 229.1b

Epiroc Valuation

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

Below Fair Value: EPIAS (SEK196.45) is trading below our estimate of fair value (SEK253.64)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EPIAS. This is calculated by dividing EPIAS's market cap by their current earnings.
What is EPIAS's PE Ratio?
PE Ratio27.4x
EarningsSEK 8.63b
Market CapSEK 229.13b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EPIAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.4x
WEIR Weir Group
25.4x19.0%UK£5.6b
AHT Ashtead Group
22.2x1.8%UK£27.6b
SPX Spirax Group
26.1x9.0%UK£5.0b
SOM Somero Enterprises
7.8xn/aUK£148.3m
EPIAS Epiroc
27.4x11.4%SEK 229.1b

Price-To-Earnings vs Peers: EPIAS is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (20.4x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies29PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EPIAS is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the European Machinery industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is EPIAS'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.

EPIAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EPIAS'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 EPIAS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 196.45
SEK 208.65
+6.2%
13.9%SEK 265.00SEK 165.00n/a20
Nov ’25SEK 219.80
SEK 208.65
-5.1%
13.9%SEK 265.00SEK 165.00n/a20
Oct ’25SEK 216.15
SEK 205.52
-4.9%
14.2%SEK 265.00SEK 165.00n/a21
Sep ’25SEK 199.15
SEK 204.79
+2.8%
14.0%SEK 265.00SEK 165.00n/a19
Aug ’25SEK 198.55
SEK 207.15
+4.3%
13.5%SEK 265.00SEK 165.00n/a20
Jul ’25SEK 215.35
SEK 204.95
-4.8%
14.4%SEK 270.00SEK 165.00n/a20
Jun ’25n/a
SEK 200.40
0%
12.5%SEK 260.00SEK 165.00n/a20
May ’25n/a
SEK 198.75
0%
12.6%SEK 260.00SEK 165.00n/a20
Apr ’25n/a
SEK 191.65
0%
10.2%SEK 230.00SEK 160.00n/a17
Mar ’25SEK 190.20
SEK 192.28
+1.1%
10.2%SEK 230.00SEK 160.00n/a18
Feb ’25SEK 181.68
SEK 193.39
+6.4%
10.4%SEK 230.00SEK 160.00n/a18
Jan ’25n/a
SEK 199.61
0%
11.1%SEK 230.00SEK 160.00n/a18
Dec ’24SEK 194.75
SEK 196.83
+1.1%
9.7%SEK 230.00SEK 156.00n/a18
Nov ’24n/a
SEK 199.33
0%
10.9%SEK 245.00SEK 156.00SEK 219.8018
Oct ’24SEK 204.20
SEK 201.84
-1.2%
11.5%SEK 245.00SEK 156.00SEK 216.1519
Sep ’24SEK 208.95
SEK 204.47
-2.1%
11.3%SEK 245.00SEK 156.00SEK 199.1519
Aug ’24SEK 209.55
SEK 201.90
-3.6%
11.7%SEK 245.00SEK 156.00SEK 198.5521
Jul ’24SEK 201.20
SEK 199.43
-0.9%
13.0%SEK 250.00SEK 155.00SEK 215.3521
Jun ’24SEK 193.83
SEK 197.68
+2.0%
13.3%SEK 245.00SEK 153.00n/a22
May ’24SEK 204.80
SEK 195.05
-4.8%
14.3%SEK 245.00SEK 147.00n/a22
Apr ’24n/a
SEK 189.95
0%
13.4%SEK 245.00SEK 135.00n/a22
Mar ’24SEK 200.90
SEK 189.50
-5.7%
13.5%SEK 245.00SEK 135.00SEK 190.2022
Feb ’24SEK 200.75
SEK 185.10
-7.8%
13.5%SEK 230.00SEK 135.00SEK 181.6821
Jan ’24SEK 192.45
SEK 178.24
-7.4%
14.4%SEK 220.00SEK 130.00n/a21
Dec ’23SEK 198.20
SEK 174.90
-11.8%
13.3%SEK 220.00SEK 130.00SEK 194.7521
Nov ’23SEK 167.20
SEK 173.81
+4.0%
13.1%SEK 220.00SEK 130.00n/a21

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

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