Systemair AB (publ)

LSE:0HDK Stock Report

Market Cap: SEK 18.9b

Systemair Valuation

Is 0HDK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: 0HDK (SEK90.8) is trading above our estimate of fair value (SEK88.97)

Significantly Below Fair Value: 0HDK is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0HDK. This is calculated by dividing 0HDK's market cap by their current earnings.
What is 0HDK's PE Ratio?
PE Ratio31x
EarningsSEK 611.40m
Market CapSEK 18.93b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0HDK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.6x
FAN Volution Group
25.5x12.1%UK£1.1b
GEN Genuit Group
41.9x29.9%UK£989.3m
JHD James Halstead
18.7x4.1%UK£775.2m
NXR Norcros
8.3x-1.4%UK£221.8m
0HDK Systemair
31x16.9%SEK 18.9b

Price-To-Earnings vs Peers: 0HDK is expensive based on its Price-To-Earnings Ratio (31x) compared to the peer average (23.6x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0HDK 31.0xIndustry Avg. 19.2xNo. of Companies13PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0HDK is expensive based on its Price-To-Earnings Ratio (31x) compared to the European Building industry average (19.6x).

Price to Earnings Ratio vs Fair Ratio

What is 0HDK'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.

0HDK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: 0HDK is expensive based on its Price-To-Earnings Ratio (31x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).

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 0HDK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 90.80
SEK 92.25
+1.6%
9.3%SEK 110.00SEK 85.00n/a6
Nov ’25SEK 81.80
SEK 88.70
+8.4%
4.2%SEK 95.00SEK 85.00n/a5
Oct ’25SEK 89.10
SEK 88.70
-0.4%
4.2%SEK 95.00SEK 85.00n/a5
Sep ’25SEK 80.00
SEK 88.70
+10.9%
4.2%SEK 95.00SEK 85.00n/a5
Aug ’25SEK 80.30
SEK 88.50
+10.2%
4.1%SEK 95.00SEK 85.00n/a5
Jul ’25SEK 78.10
SEK 88.10
+12.8%
4.7%SEK 95.00SEK 83.00n/a5
Jun ’25SEK 78.10
SEK 83.75
+7.2%
4.7%SEK 89.00SEK 78.00n/a4
May ’25SEK 74.40
SEK 83.75
+12.6%
4.7%SEK 89.00SEK 78.00n/a4
Apr ’25SEK 76.75
SEK 83.75
+9.1%
4.7%SEK 89.00SEK 78.00n/a4
Mar ’25SEK 81.00
SEK 88.25
+9.0%
2.7%SEK 91.00SEK 85.00n/a4
Feb ’25SEK 75.00
SEK 88.25
+17.7%
2.7%SEK 91.00SEK 85.00n/a4
Jan ’25SEK 80.00
SEK 84.50
+5.6%
10.1%SEK 91.00SEK 70.00n/a4
Dec ’24SEK 70.60
SEK 83.50
+18.3%
9.6%SEK 91.00SEK 70.00n/a4
Nov ’24SEK 59.30
SEK 84.50
+42.5%
10.1%SEK 91.00SEK 70.00SEK 81.804
Oct ’24SEK 68.53
SEK 84.50
+23.3%
10.1%SEK 91.00SEK 70.00SEK 89.104
Sep ’24SEK 69.60
SEK 83.75
+20.3%
10.0%SEK 91.00SEK 70.00SEK 80.004
Aug ’24SEK 74.73
SEK 87.50
+17.1%
3.5%SEK 91.00SEK 84.00SEK 80.304
Jul ’24SEK 78.70
SEK 87.50
+11.2%
3.5%SEK 91.00SEK 84.00SEK 78.104
Jun ’24SEK 85.95
SEK 91.50
+6.5%
5.7%SEK 98.00SEK 84.00SEK 78.104
May ’24SEK 89.10
SEK 91.50
+2.7%
5.7%SEK 98.00SEK 84.00SEK 74.404
Apr ’24SEK 86.70
SEK 92.00
+6.1%
6.4%SEK 98.00SEK 84.00SEK 76.753
Mar ’24SEK 76.65
SEK 77.00
+0.5%
9.1%SEK 84.00SEK 70.00SEK 81.002
Feb ’24SEK 79.18
SEK 77.00
-2.8%
9.1%SEK 84.00SEK 70.00SEK 75.002
Jan ’24SEK 72.20
SEK 74.50
+3.2%
6.0%SEK 79.00SEK 70.00SEK 80.002
Dec ’23SEK 72.10
SEK 67.50
-6.4%
8.1%SEK 73.00SEK 62.00SEK 70.602
Nov ’23SEK 59.08
SEK 67.50
+14.3%
8.1%SEK 73.00SEK 62.00SEK 59.302

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

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