NCC AB (publ)

LSE:0OFP Stock Report

Market Cap: SEK 18.0b

NCC Valuation

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

Discounted Cash Flow
Simply Wall St
SEK 126.63
Fair Value
44.9% overvalued intrinsic discount
5
Number of Analysts

Below Fair Value: 0OFP (SEK183.5) is trading above our estimate of fair value (SEK126.63)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0OFP. This is calculated by dividing 0OFP's market cap by their current earnings.
What is 0OFP's PE Ratio?
PE Ratio14.5x
EarningsSEK 1.24b
Market CapSEK 18.01b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0OFP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.3x
KLR Keller Group
7.8x2.4%UK£982.8m
MGNS Morgan Sindall Group
13.9x2.7%UK£1.7b
BBY Balfour Beatty
10.3x3.4%UK£2.4b
KIE Kier Group
13.3x14.7%UK£676.4m
0OFP NCC
14.5x2.6%SEK 18.0b

Price-To-Earnings vs Peers: 0OFP is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the peer average (11.3x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0OFP 14.5xIndustry Avg. 13.5xNo. of Companies16PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0OFP is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the European Construction industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is 0OFP'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.

0OFP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.5x
Fair PE Ratio13.5x

Price-To-Earnings vs Fair Ratio: 0OFP is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).

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 0OFP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 183.50
SEK 187.00
+1.9%
5.8%SEK 200.00SEK 170.00n/a5
Feb ’26SEK 179.40
SEK 187.00
+4.2%
5.8%SEK 200.00SEK 170.00n/a5
Jan ’26SEK 162.40
SEK 181.25
+11.6%
4.1%SEK 190.00SEK 170.00n/a4
Dec ’25SEK 162.30
SEK 181.25
+11.7%
4.1%SEK 190.00SEK 170.00n/a4
Nov ’25SEK 161.80
SEK 178.75
+10.5%
5.0%SEK 190.00SEK 170.00n/a4
Oct ’25SEK 169.50
SEK 170.00
+0.3%
2.1%SEK 175.00SEK 165.00n/a4
Sep ’25SEK 158.50
SEK 170.00
+7.3%
2.1%SEK 175.00SEK 165.00n/a4
Aug ’25SEK 162.60
SEK 170.00
+4.6%
2.1%SEK 175.00SEK 165.00n/a4
Jul ’25SEK 138.41
SEK 150.00
+8.4%
2.4%SEK 155.00SEK 145.00n/a4
Jun ’25SEK 137.30
SEK 150.00
+9.2%
2.4%SEK 155.00SEK 145.00n/a4
May ’25SEK 134.41
SEK 153.75
+14.4%
2.7%SEK 160.00SEK 150.00n/a4
Apr ’25SEK 147.25
SEK 153.75
+4.4%
2.7%SEK 160.00SEK 150.00n/a4
Mar ’25SEK 142.10
SEK 151.67
+6.7%
1.6%SEK 155.00SEK 150.00n/a3
Feb ’25SEK 135.80
SEK 146.67
+8.0%
3.2%SEK 150.00SEK 140.00SEK 179.403
Jan ’25SEK 126.14
SEK 136.67
+8.3%
1.7%SEK 140.00SEK 135.00SEK 162.403
Dec ’24SEK 117.64
SEK 136.67
+16.2%
1.7%SEK 140.00SEK 135.00SEK 162.303
Nov ’24SEK 115.67
SEK 133.33
+15.3%
1.8%SEK 135.00SEK 130.00SEK 161.803
Oct ’24SEK 118.26
SEK 135.00
+14.2%
3.0%SEK 140.00SEK 130.00SEK 169.503
Sep ’24SEK 112.59
SEK 135.00
+19.9%
3.0%SEK 140.00SEK 130.00SEK 158.503
Aug ’24SEK 113.51
SEK 135.00
+18.9%
3.0%SEK 140.00SEK 130.00SEK 162.603
Jul ’24SEK 94.11
SEK 128.33
+36.4%
1.8%SEK 130.00SEK 125.00SEK 138.413
Jun ’24SEK 89.15
SEK 128.33
+44.0%
1.8%SEK 130.00SEK 125.00SEK 137.303
May ’24SEK 102.32
SEK 128.33
+25.4%
1.8%SEK 130.00SEK 125.00SEK 134.413
Apr ’24SEK 91.91
SEK 127.50
+38.7%
2.0%SEK 130.00SEK 125.00SEK 147.252
Mar ’24SEK 98.62
SEK 127.50
+29.3%
2.0%SEK 130.00SEK 125.00SEK 142.102
Feb ’24SEK 102.54
SEK 122.50
+19.5%
2.0%SEK 125.00SEK 120.00SEK 135.802
Analyst Price Target
Consensus Narrative from 5 Analysts
SEK 186.39
Fair Value
1.6% undervalued intrinsic discount
5
Number of Analysts

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 Analysis2025/02/07 14:30
End of Day Share Price 2025/02/07 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.

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 Github.

Analyst Sources

NCC AB (publ) is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Kristofer Liljeberg-SvenssonCarnegie Investment Bank AB
Stefan Erik AnderssonDanske Bank