Trelleborg AB (publ)

BATS-CHIXE:TRELBS Stock Report

Market Cap: SEK 88.6b

Trelleborg Valuation

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

Below Fair Value: TRELBS (SEK406.6) is trading below our estimate of fair value (SEK615.17)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TRELBS. This is calculated by dividing TRELBS's market cap by their current earnings.
What is TRELBS's PE Ratio?
PE Ratio24.7x
EarningsSEK 3.58b
Market CapSEK 88.64b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TRELBS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.1x
WEIR Weir Group
25.6x18.5%UK£5.6b
SPX Spirax Group
26.2x8.5%UK£5.0b
IMI IMI
18.5x12.2%UK£4.7b
ROR Rotork
22.3x10.0%UK£2.7b
TRELBS Trelleborg
24.7x12.5%SEK 88.6b

Price-To-Earnings vs Peers: TRELBS is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (23.1x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies25PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRELBS is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the European Machinery industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is TRELBS'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.

TRELBS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TRELBS'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 TRELBS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 412.86
0%
6.7%SEK 460.00SEK 380.00n/a7
Dec ’25n/a
SEK 404.67
0%
5.1%SEK 448.00SEK 380.00n/a6
Nov ’25n/a
SEK 404.67
0%
5.1%SEK 448.00SEK 380.00n/a6
Oct ’25SEK 396.50
SEK 425.83
+7.4%
4.4%SEK 460.00SEK 400.00n/a6
Sep ’25SEK 399.20
SEK 422.67
+5.9%
3.2%SEK 441.00SEK 400.00n/a6
Aug ’25SEK 396.80
SEK 422.67
+6.5%
3.2%SEK 441.00SEK 400.00n/a6
Jul ’25SEK 417.30
SEK 395.17
-5.3%
5.6%SEK 430.00SEK 360.00n/a6
Jun ’25n/a
SEK 386.00
0%
5.8%SEK 405.00SEK 340.00n/a6
May ’25SEK 383.60
SEK 381.83
-0.5%
5.5%SEK 400.00SEK 340.00n/a6
Apr ’25n/a
SEK 347.71
0%
5.2%SEK 376.00SEK 323.00n/a7
Mar ’25n/a
SEK 347.71
0%
5.2%SEK 376.00SEK 323.00n/a7
Feb ’25n/a
SEK 347.17
0%
4.9%SEK 370.00SEK 328.00n/a6
Jan ’25n/a
SEK 327.14
0%
9.4%SEK 370.00SEK 280.00n/a7
Dec ’24SEK 325.95
SEK 318.14
-2.4%
7.6%SEK 350.00SEK 280.00n/a7
Nov ’24n/a
SEK 302.43
0%
10.8%SEK 340.00SEK 240.00n/a7
Oct ’24n/a
SEK 293.17
0%
11.4%SEK 340.00SEK 240.00SEK 396.506
Sep ’24n/a
SEK 293.17
0%
11.4%SEK 340.00SEK 240.00SEK 399.206
Aug ’24SEK 279.40
SEK 293.17
+4.9%
11.4%SEK 340.00SEK 240.00SEK 396.806
Jul ’24SEK 271.10
SEK 300.80
+11.0%
10.3%SEK 340.00SEK 260.00SEK 417.305
Jun ’24SEK 270.70
SEK 300.80
+11.1%
10.3%SEK 340.00SEK 260.00n/a5
May ’24SEK 256.80
SEK 297.80
+16.0%
10.1%SEK 340.00SEK 260.00SEK 383.605
Apr ’24SEK 283.40
SEK 290.67
+2.6%
6.7%SEK 315.00SEK 260.00n/a6
Mar ’24n/a
SEK 290.67
0%
6.7%SEK 315.00SEK 260.00n/a6
Feb ’24SEK 261.15
SEK 286.50
+9.7%
6.8%SEK 315.00SEK 260.00n/a6
Jan ’24SEK 244.00
SEK 272.83
+11.8%
5.3%SEK 300.00SEK 257.00n/a6
Dec ’23SEK 255.30
SEK 270.33
+5.9%
5.5%SEK 290.00SEK 242.00SEK 325.956

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/28 16:43
End of Day Share Price 2024/12/09 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 here.

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 .

Analyst Sources

Trelleborg AB (publ) is covered by 24 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Olof CederholmABG Sundal Collier
Timothy LeeBarclays
Frederik BitterBerenberg