Trelleborg AB (publ)

BATS-CHIXE:TRELBS Stock Report

Market Cap: SEK 82.2b

Trelleborg Valuation

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

Below Fair Value: TRELBS (SEK349.4) is trading below our estimate of fair value (SEK559.29)

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 Ratio22.9x
EarningsSEK 3.58b
Market CapSEK 82.15b

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 Average23.2x
WEIR Weir Group
25.4x18.9%UK£5.6b
SPX Spirax Group
26.5x9.0%UK£5.1b
IMI IMI
17.7x12.0%UK£4.5b
ROR Rotork
23.4x8.9%UK£2.8b
TRELBS Trelleborg
22.9x11.8%SEK 82.2b

Price-To-Earnings vs Peers: TRELBS is good value based on its Price-To-Earnings Ratio (22.9x) 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 Companies29PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRELBS is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the European Machinery industry average (17.4x).

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 Ratio22.9x
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 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
Nov ’23SEK 243.20
SEK 270.33
+11.2%
5.5%SEK 290.00SEK 242.00n/a6

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

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