FLSmidth & Co. A/S

BATS-CHIXE:FLSC Stock Report

Market Cap: DKK 21.2b

FLSmidth Valuation

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

Below Fair Value: FLSC (DKK366.3) is trading below our estimate of fair value (DKK633.55)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FLSC. This is calculated by dividing FLSC's market cap by their current earnings.
What is FLSC's PE Ratio?
PE Ratio25.3x
EarningsDKK 837.00m
Market CapDKK 21.19b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FLSC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.7x
SOM Somero Enterprises
7.8xn/aUK£147.2m
ROR Rotork
23.3x8.9%UK£2.8b
IMI IMI
17.6x12.0%UK£4.5b
SPX Spirax Group
26.2x9.0%UK£5.0b
FLSC FLSmidth
25.3x21.0%DKK 21.2b

Price-To-Earnings vs Peers: FLSC is expensive based on its Price-To-Earnings Ratio (25.3x) compared to the peer average (18.7x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies28PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FLSC is expensive based on its Price-To-Earnings Ratio (25.3x) compared to the European Machinery industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is FLSC'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.

FLSC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FLSC'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 FLSC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
DKK 406.11
0%
12.5%DKK 475.00DKK 320.00n/a9
Nov ’25DKK 366.90
DKK 397.22
+8.3%
12.6%DKK 475.00DKK 320.00n/a9
Oct ’25n/a
DKK 398.33
0%
12.7%DKK 475.00DKK 320.00n/a9
Sep ’25n/a
DKK 398.13
0%
13.5%DKK 475.00DKK 320.00n/a8
Aug ’25DKK 325.20
DKK 397.50
+22.2%
13.1%DKK 475.00DKK 320.00n/a8
Jul ’25n/a
DKK 401.25
0%
15.0%DKK 475.00DKK 280.00n/a8
Jun ’25n/a
DKK 399.38
0%
16.3%DKK 475.00DKK 280.00n/a8
May ’25n/a
DKK 370.63
0%
15.7%DKK 455.00DKK 280.00n/a8
Apr ’25n/a
DKK 353.75
0%
15.2%DKK 455.00DKK 280.00n/a8
Mar ’25DKK 327.30
DKK 348.33
+6.4%
14.1%DKK 455.00DKK 280.00n/a9
Feb ’25n/a
DKK 333.89
0%
17.0%DKK 445.00DKK 270.00n/a9
Jan ’25n/a
DKK 344.44
0%
14.4%DKK 445.00DKK 295.00n/a9
Dec ’24n/a
DKK 348.89
0%
13.4%DKK 430.00DKK 290.00n/a9
Nov ’24n/a
DKK 359.44
0%
12.1%DKK 430.00DKK 295.00DKK 366.909
Oct ’24DKK 321.40
DKK 359.20
+11.8%
11.4%DKK 430.00DKK 295.00n/a10
Sep ’24n/a
DKK 354.11
0%
12.6%DKK 430.00DKK 280.00n/a9
Aug ’24DKK 323.50
DKK 345.22
+6.7%
16.1%DKK 430.00DKK 250.00DKK 325.209
Jul ’24n/a
DKK 330.78
0%
16.1%DKK 430.00DKK 250.00n/a9
Jun ’24DKK 290.00
DKK 298.89
+3.1%
16.8%DKK 370.00DKK 210.00n/a9
May ’24n/a
DKK 274.56
0%
24.6%DKK 370.00DKK 136.00n/a9
Apr ’24n/a
DKK 273.89
0%
25.2%DKK 370.00DKK 130.00n/a9
Mar ’24DKK 275.55
DKK 273.89
-0.6%
25.2%DKK 370.00DKK 130.00DKK 327.309
Feb ’24DKK 289.10
DKK 266.25
-7.9%
24.0%DKK 350.00DKK 130.00n/a8
Jan ’24n/a
DKK 250.00
0%
27.2%DKK 350.00DKK 110.00n/a8
Dec ’23DKK 214.20
DKK 248.13
+15.8%
27.6%DKK 350.00DKK 110.00n/a8
Nov ’23n/a
DKK 242.78
0%
26.7%DKK 350.00DKK 110.00n/a9

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

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