AB SKF (publ)

LSE:0NWX Stock Report

Market Cap: SEK 94.6b

AB SKF Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: 0NWX (SEK207.8) is trading below our estimate of fair value (SEK487.07)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0NWX. This is calculated by dividing 0NWX's market cap by their current earnings.
What is 0NWX's PE Ratio?
PE Ratio16.9x
EarningsSEK 5.59b
Market CapSEK 94.58b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0NWX 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
25.4x19.0%UK£5.6b
SPX Spirax Group
26.1x9.0%UK£5.0b
IMI IMI
17.6x12.0%UK£4.5b
ROR Rotork
23.5x8.9%UK£2.8b
0NWX AB SKF
16.9x14.4%SEK 94.6b

Price-To-Earnings vs Peers: 0NWX is good value based on its Price-To-Earnings Ratio (16.9x) compared to the peer average (23.2x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0NWX 16.9xIndustry Avg. 17.6xNo. of Companies30PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NWX is good value based on its Price-To-Earnings Ratio (16.9x) compared to the European Machinery industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0NWX'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.

0NWX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.9x
Fair PE Ratio23x

Price-To-Earnings vs Fair Ratio: 0NWX is good value based on its Price-To-Earnings Ratio (16.9x) compared to the estimated Fair Price-To-Earnings Ratio (23x).

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 0NWX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 207.80
SEK 231.04
+11.2%
14.1%SEK 275.00SEK 165.00n/a19
Nov ’25SEK 201.70
SEK 229.24
+13.7%
14.1%SEK 275.00SEK 165.00n/a19
Oct ’25SEK 200.10
SEK 229.47
+14.7%
14.3%SEK 275.00SEK 165.00n/a19
Sep ’25SEK 194.25
SEK 230.15
+18.5%
14.4%SEK 280.00SEK 165.00n/a20
Aug ’25SEK 198.05
SEK 233.25
+17.8%
14.9%SEK 300.00SEK 165.00n/a20
Jul ’25SEK 214.54
SEK 239.75
+11.7%
14.8%SEK 320.00SEK 165.00n/a20
Jun ’25SEK 227.99
SEK 236.70
+3.8%
16.1%SEK 320.00SEK 165.00n/a20
May ’25SEK 230.00
SEK 233.25
+1.4%
16.6%SEK 320.00SEK 165.00n/a20
Apr ’25SEK 220.47
SEK 225.50
+2.3%
14.8%SEK 280.00SEK 165.00n/a20
Mar ’25SEK 226.34
SEK 217.75
-3.8%
15.9%SEK 280.00SEK 151.00n/a20
Feb ’25SEK 206.56
SEK 209.50
+1.4%
16.8%SEK 275.00SEK 151.00n/a20
Jan ’25SEK 201.36
SEK 197.70
-1.8%
17.0%SEK 280.00SEK 150.00n/a20
Dec ’24SEK 198.81
SEK 195.45
-1.7%
17.0%SEK 280.00SEK 150.00n/a20
Nov ’24SEK 177.70
SEK 196.10
+10.4%
17.2%SEK 280.00SEK 150.00SEK 201.7020
Oct ’24SEK 182.15
SEK 197.19
+8.3%
17.9%SEK 280.00SEK 151.00SEK 200.1021
Sep ’24SEK 179.13
SEK 196.00
+9.4%
18.9%SEK 280.00SEK 135.00SEK 194.2522
Aug ’24SEK 200.37
SEK 195.95
-2.2%
18.6%SEK 280.00SEK 135.00SEK 198.0522
Jul ’24SEK 187.60
SEK 195.09
+4.0%
17.2%SEK 270.00SEK 132.00SEK 214.5422
Jun ’24SEK 172.89
SEK 192.90
+11.6%
16.8%SEK 260.00SEK 132.00SEK 227.9920
May ’24SEK 185.66
SEK 190.33
+2.5%
15.7%SEK 250.00SEK 132.00SEK 230.0021
Apr ’24SEK 204.00
SEK 190.43
-6.7%
16.1%SEK 240.00SEK 120.00SEK 220.4721
Mar ’24SEK 201.60
SEK 189.38
-6.1%
16.7%SEK 240.00SEK 120.00SEK 226.3421
Feb ’24SEK 189.90
SEK 172.29
-9.3%
15.2%SEK 210.00SEK 120.00SEK 206.5621
Jan ’24SEK 160.90
SEK 169.05
+5.1%
16.2%SEK 210.00SEK 115.00SEK 201.3622
Dec ’23SEK 173.85
SEK 167.81
-3.5%
16.1%SEK 210.00SEK 115.00SEK 198.8121
Nov ’23SEK 161.99
SEK 166.62
+2.9%
15.5%SEK 210.00SEK 115.00SEK 177.7021

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

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