Instalco AB (publ)

BATS-CHIXE:INSTAS Stock Report

Market Cap: SEK 8.5b

Instalco Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Discounted Cash Flow
Simply Wall St
SEK 85.66
Fair Value
64.5% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: INSTAS (SEK30.42) is trading below our estimate of fair value (SEK85.66)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for INSTAS. This is calculated by dividing INSTAS's market cap by their current earnings.
What is INSTAS's PE Ratio?
PE Ratio17.3x
EarningsSEK 491.00m
Market CapSEK 8.48b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for INSTAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.2x
RNWH Renew Holdings
12.8x7.7%UK£561.2m
KIE Kier Group
13.6x14.7%UK£695.5m
GFRD Galliford Try Holdings
10.5x1.8%UK£378.8m
KLR Keller Group
8x2.4%UK£1.0b
INSTAS Instalco
17.3x23.4%SEK 8.5b

Price-To-Earnings vs Peers: INSTAS is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (11.2x).

Price to Earnings Ratio vs Industry

How does INSTAS's PE Ratio compare vs other companies in the European Construction Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies16PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: INSTAS is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the European Construction industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is INSTAS'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.

INSTAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate INSTAS'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 INSTAS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 47.50
0%
9.1%SEK 50.00SEK 40.00n/a4
Jan ’26n/a
SEK 47.50
0%
9.1%SEK 50.00SEK 40.00n/a4
Dec ’25n/a
SEK 51.67
0%
4.6%SEK 55.00SEK 50.00n/a3
Nov ’25n/a
SEK 49.00
0%
10.9%SEK 55.00SEK 42.00n/a3
Oct ’25n/a
SEK 52.75
0%
11.9%SEK 58.00SEK 42.00n/a4
Sep ’25n/a
SEK 52.25
0%
13.7%SEK 58.00SEK 40.00n/a4
Aug ’25n/a
SEK 48.50
0%
11.8%SEK 56.00SEK 40.00n/a4
Jul ’25n/a
SEK 48.50
0%
11.8%SEK 56.00SEK 40.00n/a4
Jun ’25n/a
SEK 48.50
0%
11.8%SEK 56.00SEK 40.00n/a4
May ’25n/a
SEK 49.33
0%
13.8%SEK 56.00SEK 40.00n/a3
Apr ’25n/a
SEK 49.33
0%
13.8%SEK 56.00SEK 40.00n/a3
Mar ’25n/a
SEK 49.33
0%
13.8%SEK 56.00SEK 40.00n/a3
Feb ’25n/a
SEK 54.50
0%
21.9%SEK 72.00SEK 40.00n/a4
Jan ’25n/a
SEK 54.00
0%
22.7%SEK 72.00SEK 40.00n/a4
Dec ’24n/a
SEK 54.00
0%
22.7%SEK 72.00SEK 40.00n/a4
Nov ’24n/a
SEK 55.25
0%
19.8%SEK 72.00SEK 45.00n/a4
Oct ’24n/a
SEK 61.00
0%
16.7%SEK 72.00SEK 45.00n/a4
Sep ’24n/a
SEK 63.50
0%
10.2%SEK 72.00SEK 55.00n/a4
Aug ’24SEK 44.04
SEK 72.75
+65.2%
10.9%SEK 86.00SEK 65.00n/a4
Jul ’24SEK 52.25
SEK 73.50
+40.7%
9.9%SEK 86.00SEK 68.00n/a4
Jun ’24SEK 56.70
SEK 73.50
+29.6%
9.9%SEK 86.00SEK 68.00n/a4
May ’24SEK 51.80
SEK 66.25
+27.9%
10.8%SEK 78.00SEK 60.00n/a4
Apr ’24SEK 49.42
SEK 65.50
+32.6%
11.1%SEK 78.00SEK 60.00n/a4
Mar ’24SEK 46.85
SEK 65.50
+39.8%
11.1%SEK 78.00SEK 60.00n/a4
Feb ’24SEK 43.31
SEK 59.25
+36.8%
14.0%SEK 71.00SEK 50.00n/a4
Analyst Price Target
Consensus Narrative from 4 Analysts
SEK 44.96
Fair Value
32.3% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 16:45
End of Day Share Price 2025/01/13 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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

Instalco AB (publ) is covered by 6 analysts. 5 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
Robin NybergCarnegie Investment Bank AB
Johan DahlDanske Bank