Hexatronic Group Valuation

Q: What is the Fair Price of 0RDH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

0RDH (SEK36.21) is trading below our estimate of [[fair value]] (SEK97.42)

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: 0RDH (SEK36.21) is trading below our estimate of fair value (SEK97.42)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0RDH. This is calculated by dividing 0RDH's market cap by their current earnings.
What is 0RDH's PE Ratio?
PE Ratio	16.3x
Earnings	SEK 451.00m
Market Cap	SEK 7.34b

0RDH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.3x
Enterprise Value/EBITDA	10.7x
PEG Ratio	0.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0RDH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	19.4x
VLX Volex	14.1x	13.9%	UK£496.7m
DSCV discoverIE Group	38.6x	17.6%	UK£617.6m
TFW FW Thorpe	14.9x	n/a	UK£361.4m
LUCE Luceco	10.1x	7.4%	UK£185.1m
0RDH Hexatronic Group	16.3x	34.3%	SEK 7.3b

Price-To-Earnings vs Peers: 0RDH is good value based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (19.4x).

Price to Earnings Ratio vs Industry

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

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 0RDH is good value based on its Price-To-Earnings Ratio (16.3x) compared to the European Electrical industry average (16.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0RDH'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.

0RDH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	16.3x
Fair PE Ratio	31.5x

Price-To-Earnings vs Fair Ratio: 0RDH is good value based on its Price-To-Earnings Ratio (16.3x) compared to the estimated Fair Price-To-Earnings Ratio (31.5x).

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 0RDH forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	SEK 36.21	SEK 63.33 +74.9%	8.4%	SEK 70.00	SEK 57.00	n/a	3
Jan ’26	SEK 36.00	SEK 63.33 +75.9%	8.4%	SEK 70.00	SEK 57.00	n/a	3
Dec ’25	SEK 37.53	SEK 65.00 +73.2%	11.5%	SEK 75.00	SEK 57.00	n/a	3
Nov ’25	SEK 43.79	SEK 65.00 +48.4%	11.5%	SEK 75.00	SEK 57.00	n/a	3
Oct ’25	SEK 51.44	SEK 75.33 +46.5%	16.9%	SEK 90.00	SEK 59.00	n/a	3
Sep ’25	SEK 60.26	SEK 75.33 +25.0%	16.9%	SEK 90.00	SEK 59.00	n/a	3
Aug ’25	SEK 61.46	SEK 75.33 +22.6%	16.9%	SEK 90.00	SEK 59.00	n/a	3
Jul ’25	SEK 51.90	SEK 57.33 +10.5%	22.1%	SEK 70.00	SEK 40.00	n/a	3
Jun ’25	SEK 45.16	SEK 45.67 +1.1%	14.6%	SEK 55.00	SEK 40.00	n/a	3
May ’25	SEK 33.56	SEK 45.67 +36.1%	14.6%	SEK 55.00	SEK 40.00	n/a	3
Apr ’25	SEK 32.16	SEK 47.67 +48.2%	11.0%	SEK 55.00	SEK 43.00	n/a	3
Mar ’25	SEK 32.34	SEK 47.67 +47.4%	11.0%	SEK 55.00	SEK 43.00	n/a	3
Feb ’25	SEK 21.52	SEK 43.00 +99.8%	33.6%	SEK 62.00	SEK 27.00	n/a	3
Jan ’25	SEK 27.44	SEK 43.00 +56.7%	33.6%	SEK 62.00	SEK 27.00	SEK 36.00	3
Dec ’24	SEK 20.01	SEK 43.67 +118.2%	31.4%	SEK 62.00	SEK 29.00	SEK 37.53	3
Nov ’24	SEK 25.18	SEK 52.00 +106.5%	31.8%	SEK 67.00	SEK 29.00	SEK 43.79	3
Oct ’24	SEK 45.17	SEK 101.00 +123.6%	13.9%	SEK 115.00	SEK 87.00	SEK 51.44	2
Sep ’24	SEK 61.64	SEK 118.00 +91.4%	12.9%	SEK 138.00	SEK 101.00	SEK 60.26	3
Aug ’24	SEK 81.71	SEK 150.33 +84.0%	13.3%	SEK 175.00	SEK 126.00	SEK 61.46	3
Jul ’24	SEK 79.93	SEK 155.33 +94.3%	13.6%	SEK 175.00	SEK 126.00	SEK 51.90	3
Jun ’24	SEK 67.64	SEK 165.33 +144.4%	19.5%	SEK 205.00	SEK 126.00	SEK 45.16	3
May ’24	SEK 86.37	SEK 165.33 +91.4%	19.5%	SEK 205.00	SEK 126.00	SEK 33.56	3
Apr ’24	SEK 117.25	SEK 173.67 +48.1%	22.6%	SEK 215.00	SEK 121.00	SEK 32.16	3
Mar ’24	SEK 126.13	SEK 173.67 +37.7%	22.6%	SEK 215.00	SEK 121.00	SEK 32.34	3
Feb ’24	SEK 131.36	SEK 155.00 +18.0%	18.2%	SEK 175.00	SEK 115.00	SEK 21.52	3
Jan ’24	SEK 141.65	SEK 151.67 +7.1%	17.3%	SEK 175.00	SEK 115.00	SEK 27.44	3

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/08 01:33
End of Day Share Price	2025/01/08 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Hexatronic Group AB (publ) is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jacob Edler	Danske Bank
Stefan Wård	Pareto Securities
Fredrik Nilsson	Redeye