Sandvik AB (publ)

LSE:0HC0 Stock Report

Market Cap: SEK 252.4b

Sandvik Valuation

Is 0HC0 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 0HC0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0HC0 (SEK201.2) is trading below our estimate of fair value (SEK355.74)

Significantly Below Fair Value: 0HC0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0HC0?

Key metric: As 0HC0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0HC0. This is calculated by dividing 0HC0's market cap by their current earnings.
What is 0HC0's PE Ratio?
PE Ratio20.7x
EarningsSEK 12.21b
Market CapSEK 252.38b

Price to Earnings Ratio vs Peers

How does 0HC0's PE Ratio compare to its peers?

The above table shows the PE ratio for 0HC0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.3x
WEIR Weir Group
25.8x18.5%UK£5.7b
SPX Spirax Group
26.3x8.5%UK£5.0b
IMI IMI
18.6x12.2%UK£4.7b
ROR Rotork
22.4x10.0%UK£2.7b
0HC0 Sandvik
20.7x13.1%SEK 252.4b

Price-To-Earnings vs Peers: 0HC0 is good value based on its Price-To-Earnings Ratio (20.7x) compared to the peer average (23.3x).

Price to Earnings Ratio vs Industry

How does 0HC0's PE Ratio compare vs other companies in the European Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0HC0 20.7xIndustry Avg. 17.6xNo. of Companies27PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0HC0 is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the European Machinery industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is 0HC0'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.

0HC0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.7x
Fair PE Ratio25.1x

Price-To-Earnings vs Fair Ratio: 0HC0 is good value based on its Price-To-Earnings Ratio (20.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.1x).

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 0HC0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 201.20
SEK 234.30
+16.5%
13.5%SEK 290.00SEK 174.00n/a20
Dec ’25SEK 201.70
SEK 233.30
+15.7%
13.7%SEK 290.00SEK 174.00n/a20
Nov ’25SEK 210.09
SEK 233.60
+11.2%
14.1%SEK 290.00SEK 175.00n/a20
Oct ’25SEK 226.35
SEK 238.50
+5.4%
13.9%SEK 300.00SEK 178.00n/a20
Sep ’25SEK 218.30
SEK 239.10
+9.5%
14.2%SEK 300.00SEK 152.00n/a20
Aug ’25SEK 214.84
SEK 238.75
+11.1%
14.9%SEK 300.00SEK 152.00n/a20
Jul ’25SEK 214.50
SEK 237.45
+10.7%
15.2%SEK 300.00SEK 152.00n/a20
Jun ’25SEK 230.14
SEK 237.20
+3.1%
14.5%SEK 275.00SEK 153.00n/a20
May ’25SEK 222.05
SEK 236.45
+6.5%
14.5%SEK 275.00SEK 153.00n/a20
Apr ’25SEK 241.46
SEK 230.78
-4.4%
15.5%SEK 275.00SEK 157.00n/a18
Mar ’25SEK 233.43
SEK 225.26
-3.5%
13.5%SEK 260.00SEK 157.00n/a19
Feb ’25SEK 219.57
SEK 224.74
+2.4%
13.7%SEK 260.00SEK 157.00n/a19
Jan ’25SEK 218.09
SEK 216.63
-0.7%
14.4%SEK 260.00SEK 156.00SEK 197.9919
Dec ’24SEK 210.21
SEK 217.00
+3.2%
14.5%SEK 260.00SEK 156.00SEK 201.7019
Nov ’24SEK 187.69
SEK 217.47
+15.9%
14.5%SEK 260.00SEK 156.00SEK 210.0919
Oct ’24SEK 201.60
SEK 227.20
+12.7%
13.2%SEK 265.00SEK 166.00SEK 226.3520
Sep ’24SEK 208.40
SEK 232.15
+11.4%
12.8%SEK 265.00SEK 166.00SEK 218.3020
Aug ’24SEK 214.10
SEK 229.05
+7.0%
13.8%SEK 265.00SEK 147.00SEK 214.8422
Jul ’24SEK 210.16
SEK 225.86
+7.5%
16.5%SEK 265.00SEK 120.00SEK 214.5022
Jun ’24SEK 193.54
SEK 227.45
+17.5%
15.3%SEK 265.00SEK 120.00SEK 230.1422
May ’24SEK 208.32
SEK 226.86
+8.9%
15.3%SEK 265.00SEK 120.00SEK 222.0522
Apr ’24SEK 219.83
SEK 222.18
+1.1%
15.5%SEK 260.00SEK 120.00SEK 241.4622
Mar ’24SEK 218.42
SEK 218.32
-0.05%
14.9%SEK 260.00SEK 120.00SEK 233.4322
Feb ’24SEK 216.53
SEK 213.14
-1.6%
15.2%SEK 255.00SEK 120.00SEK 219.5722
Jan ’24SEK 190.83
SEK 201.18
+5.4%
16.3%SEK 245.00SEK 120.00SEK 218.0922

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 Analysis2025/01/02 15:59
End of Day Share Price 2025/01/02 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

Sandvik AB (publ) is covered by 55 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
Anders IdborgABG Sundal Collier
Lionel PellicerAlphaValue
Robert BateBarclays