Trelleborg AB (publ)

LSE:0NL3 Stock Report

Market Cap: SEK 82.4b

Trelleborg Valuation

Is 0NL3 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 0NL3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0NL3 (SEK350.64) is trading below our estimate of fair value (SEK565.44)

Significantly Below Fair Value: 0NL3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0NL3?

Key metric: As 0NL3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0NL3. This is calculated by dividing 0NL3's market cap by their current earnings.
What is 0NL3's PE Ratio?
PE Ratio23x
EarningsSEK 3.58b
Market CapSEK 82.43b

Price to Earnings Ratio vs Peers

How does 0NL3's PE Ratio compare to its peers?

The above table shows the PE ratio for 0NL3 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
0NL3 Trelleborg
23x11.7%SEK 82.4b

Price-To-Earnings vs Peers: 0NL3 is good value based on its Price-To-Earnings Ratio (23x) compared to the peer average (23.2x).

Price to Earnings Ratio vs Industry

How does 0NL3's PE Ratio compare vs other companies in the European Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0NL3 23.0xIndustry Avg. 17.4xNo. of Companies29PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NL3 is expensive based on its Price-To-Earnings Ratio (23x) compared to the European Machinery industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0NL3'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.

0NL3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: 0NL3 is expensive based on its Price-To-Earnings Ratio (23x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).

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 0NL3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 350.64
SEK 404.67
+15.4%
5.1%SEK 448.00SEK 380.00n/a6
Nov ’25SEK 354.30
SEK 404.67
+14.2%
5.1%SEK 448.00SEK 380.00n/a6
Oct ’25SEK 379.96
SEK 425.83
+12.1%
4.4%SEK 460.00SEK 400.00n/a6
Sep ’25SEK 400.00
SEK 422.67
+5.7%
3.2%SEK 441.00SEK 400.00n/a6
Aug ’25SEK 393.34
SEK 422.67
+7.5%
3.2%SEK 441.00SEK 400.00n/a6
Jul ’25SEK 418.21
SEK 395.17
-5.5%
5.6%SEK 430.00SEK 360.00n/a6
Jun ’25SEK 410.10
SEK 386.00
-5.9%
5.8%SEK 405.00SEK 340.00n/a6
May ’25SEK 397.40
SEK 381.83
-3.9%
5.5%SEK 400.00SEK 340.00n/a6
Apr ’25SEK 383.07
SEK 347.71
-9.2%
5.2%SEK 376.00SEK 323.00n/a7
Mar ’25SEK 381.24
SEK 347.71
-8.8%
5.2%SEK 376.00SEK 323.00n/a7
Feb ’25SEK 319.99
SEK 347.17
+8.5%
4.9%SEK 370.00SEK 328.00n/a6
Jan ’25SEK 338.66
SEK 327.14
-3.4%
9.4%SEK 370.00SEK 280.00n/a7
Dec ’24SEK 328.80
SEK 318.14
-3.2%
7.6%SEK 350.00SEK 280.00n/a7
Nov ’24SEK 282.97
SEK 302.43
+6.9%
10.8%SEK 340.00SEK 240.00SEK 354.307
Oct ’24SEK 272.80
SEK 293.17
+7.5%
11.4%SEK 340.00SEK 240.00SEK 379.966
Sep ’24SEK 276.44
SEK 293.17
+6.1%
11.4%SEK 340.00SEK 240.00SEK 400.006
Aug ’24SEK 280.55
SEK 293.17
+4.5%
11.4%SEK 340.00SEK 240.00SEK 393.346
Jul ’24SEK 270.98
SEK 300.80
+11.0%
10.3%SEK 340.00SEK 260.00SEK 418.215
Jun ’24SEK 269.83
SEK 300.80
+11.5%
10.3%SEK 340.00SEK 260.00SEK 410.105
May ’24SEK 258.63
SEK 297.80
+15.1%
10.1%SEK 340.00SEK 260.00SEK 397.405
Apr ’24SEK 294.90
SEK 290.67
-1.4%
6.7%SEK 315.00SEK 260.00SEK 383.076
Mar ’24SEK 273.46
SEK 290.67
+6.3%
6.7%SEK 315.00SEK 260.00SEK 381.246
Feb ’24SEK 260.20
SEK 286.50
+10.1%
6.8%SEK 315.00SEK 260.00SEK 319.996
Jan ’24SEK 243.35
SEK 272.83
+12.1%
5.3%SEK 300.00SEK 257.00SEK 338.666
Dec ’23SEK 253.95
SEK 270.33
+6.5%
5.5%SEK 290.00SEK 242.00SEK 328.806
Nov ’23SEK 243.40
SEK 270.33
+11.1%
5.5%SEK 290.00SEK 242.00SEK 282.976

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

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