AB SKF (publ)

BATS-CHIXE:SKFBS Stock Report

Market Cap: SEK 90.2b

AB SKF Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Discounted Cash Flow
Simply Wall St
SEK 290.39
Fair Value
24.9% undervalued intrinsic discount
18
Number of Analysts

Below Fair Value: SKFBS (SEK204.75) is trading below our estimate of fair value (SEK292.2)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SKFBS. This is calculated by dividing SKFBS's market cap by their current earnings.
What is SKFBS's PE Ratio?
PE Ratio13.5x
EarningsSEK 6.66b
Market CapSEK 90.22b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SKFBS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.7x
SPX Spirax Group
29.2x8.6%UK£5.6b
WEIR Weir Group
26.9x18.4%UK£5.9b
IMI IMI
19.2x12.0%UK£4.9b
ROR Rotork
23.5x9.4%UK£2.8b
SKFBs AB SKF
16.3x10.4%SEK 105.7b

Price-To-Earnings vs Peers: SKFBS is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (24.3x).

Price to Earnings Ratio vs Industry

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

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

Price-To-Earnings vs Industry: SKFBS is good value based on its Price-To-Earnings Ratio (13.5x) compared to the European Machinery industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is SKFBS'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.

SKFBS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SKFBS'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 SKFBS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 203.60
0%
16.3%SEK 280.00SEK 151.00n/a20
Feb ’26n/a
SEK 203.60
0%
16.3%SEK 280.00SEK 151.00n/a20
Jan ’26n/a
SEK 203.60
0%
16.3%SEK 280.00SEK 151.00n/a20
Dec ’25n/a
SEK 203.60
0%
16.3%SEK 280.00SEK 151.00n/a20
Nov ’25n/a
SEK 203.60
0%
16.3%SEK 280.00SEK 151.00n/a20
Oct ’25n/a
SEK 203.60
0%
16.3%SEK 280.00SEK 151.00n/a20
Sep ’25n/a
SEK 203.60
0%
16.3%SEK 280.00SEK 151.00n/a20
Aug ’25n/a
SEK 203.60
0%
16.3%SEK 280.00SEK 151.00n/a20
Jul ’25n/a
SEK 203.60
0%
16.3%SEK 280.00SEK 151.00n/a20
Jun ’25n/a
SEK 203.60
0%
16.3%SEK 280.00SEK 151.00n/a20
May ’25SEK 224.20
SEK 203.60
-9.2%
16.3%SEK 280.00SEK 151.00n/a20
Apr ’25SEK 227.20
SEK 203.60
-10.4%
16.3%SEK 280.00SEK 151.00n/a20
Mar ’25SEK 219.50
SEK 203.60
-7.2%
16.3%SEK 280.00SEK 151.00n/a20
Feb ’25n/a
SEK 203.60
0%
16.3%SEK 280.00SEK 151.00n/a20
Jan ’25n/a
SEK 197.70
0%
17.0%SEK 280.00SEK 150.00n/a20
Dec ’24n/a
SEK 195.45
0%
17.0%SEK 280.00SEK 150.00n/a20
Nov ’24n/a
SEK 196.10
0%
17.2%SEK 280.00SEK 150.00n/a20
Oct ’24n/a
SEK 197.19
0%
17.9%SEK 280.00SEK 151.00n/a21
Sep ’24n/a
SEK 196.00
0%
18.9%SEK 280.00SEK 135.00n/a22
Aug ’24n/a
SEK 195.95
0%
18.6%SEK 280.00SEK 135.00n/a22
Jul ’24n/a
SEK 195.09
0%
17.2%SEK 270.00SEK 132.00n/a22
Jun ’24n/a
SEK 192.90
0%
16.8%SEK 260.00SEK 132.00n/a20
May ’24n/a
SEK 190.33
0%
15.7%SEK 250.00SEK 132.00SEK 224.2021
Apr ’24n/a
SEK 190.43
0%
16.1%SEK 240.00SEK 120.00SEK 227.2021
Mar ’24n/a
SEK 189.38
0%
16.7%SEK 240.00SEK 120.00SEK 219.5021
Feb ’24n/a
SEK 172.29
0%
15.2%SEK 210.00SEK 120.00n/a21
Analyst Price Target
Consensus Narrative from 18 Analysts
SEK 230.49
Fair Value
5.4% undervalued intrinsic discount
18
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 Analysis2024/01/10 06:48
End of Day Share Price 2023/12/22 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

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

AB SKF (publ) is covered by 48 analysts. 19 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
Allan SmylieBarclays
Timothy LeeBarclays