Per Aarsleff Holding A/S

BATS-CHIXE:PAALBC Stock Report

Market Cap: DKK 11.1b

Per Aarsleff Holding Valuation

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

Discounted Cash Flow
Simply Wall St
DKK 985.87
Fair Value
46.6% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: PAALBC (DKK526) is trading below our estimate of fair value (DKK985.87)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PAALBC. This is calculated by dividing PAALBC's market cap by their current earnings.
What is PAALBC's PE Ratio?
PE Ratio13.4x
EarningsDKK 827.00m
Market CapDKK 11.06b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PAALBC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.6x
KLR Keller Group
7.8x0.64%UK£1.1b
MGNS Morgan Sindall Group
13.4x1.71%UK£1.8b
KIE Kier Group
14.2x17.09%UK£737.7m
RNWH Renew Holdings
15.1x6.60%UK£664.1m
PAALBC Per Aarsleff Holding
13.4x6.62%DKK 11.1b

Price-To-Earnings vs Peers: PAALBC is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (12.6x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies20PE01020304050+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PAALBC is good value based on its Price-To-Earnings Ratio (13.4x) compared to the European Construction industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is PAALBC'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.

PAALBC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PAALBC'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 PAALBC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
DKK 646.67
0%
5.10%DKK 670.00DKK 600.00n/a3
May ’26DKK 526.00
DKK 630.00
+19.77%
8.98%DKK 670.00DKK 550.00n/a3
Apr ’26DKK 500.25
DKK 608.33
+21.61%
8.06%DKK 670.00DKK 550.00n/a3
Mar ’26n/a
DKK 613.33
0%
8.32%DKK 675.00DKK 550.00n/a3
Feb ’26n/a
DKK 613.33
0%
8.32%DKK 675.00DKK 550.00n/a3
Jan ’26n/a
DKK 565.00
0%
3.15%DKK 590.00DKK 550.00n/a3
Dec ’25n/a
DKK 536.67
0%
2.45%DKK 555.00DKK 525.00n/a3
Nov ’25n/a
DKK 524.00
0%
5.92%DKK 555.00DKK 493.00n/a2
Oct ’25n/a
DKK 524.00
0%
5.92%DKK 555.00DKK 493.00n/a2
Sep ’25n/a
DKK 531.50
0%
7.24%DKK 570.00DKK 493.00n/a2
Aug ’25n/a
DKK 491.00
0%
8.96%DKK 535.00DKK 447.00n/a2
Jul ’25n/a
DKK 491.00
0%
8.96%DKK 535.00DKK 447.00n/a2
Jun ’25n/a
DKK 456.00
0%
1.97%DKK 465.00DKK 447.00n/a2
May ’25n/a
DKK 435.00
0%
6.90%DKK 465.00DKK 405.00DKK 526.002
Apr ’25n/a
DKK 435.00
0%
6.90%DKK 465.00DKK 405.00DKK 500.252
Mar ’25n/a
DKK 420.00
0%
3.57%DKK 435.00DKK 405.00n/a2
Feb ’25n/a
DKK 409.00
0%
6.36%DKK 435.00DKK 383.00n/a2
Jan ’25n/a
DKK 414.00
0%
7.49%DKK 445.00DKK 383.00n/a2
Dec ’24n/a
DKK 407.50
0%
9.20%DKK 445.00DKK 370.00n/a2
Nov ’24n/a
DKK 407.50
0%
9.20%DKK 445.00DKK 370.00n/a2
Oct ’24n/a
DKK 407.50
0%
9.20%DKK 445.00DKK 370.00n/a2
AnalystConsensusTarget
Consensus Narrative from 3 Analysts
DKK 576.52
Fair Value
8.8% undervalued intrinsic discount
3
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 Analysis2025/05/22 03:39
End of Day Share Price 2025/04/30 00:00
Earnings2024/12/31
Annual Earnings2024/09/30

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

Per Aarsleff Holding A/S is covered by 4 analysts. 3 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
Jonas HansenCarnegie Investment Bank AB
Anders PreetzmannDanske Bank