Nordic Waterproofing Holding AB (publ)

LSE:0RH9 Stock Report

Market Cap: SEK 4.2b

Nordic Waterproofing Holding Valuation

Is 0RH9 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 0RH9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 332.39
Fair Value
47.5% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: 0RH9 (SEK174.6) is trading below our estimate of fair value (SEK332.39)

Significantly Below Fair Value: 0RH9 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0RH9?

Key metric: As 0RH9 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0RH9. This is calculated by dividing 0RH9's market cap by their current earnings.
What is 0RH9's PE Ratio?
PE Ratio20.8x
EarningsSEK 201.40m
Market CapSEK 4.19b

Price to Earnings Ratio vs Peers

How does 0RH9's PE Ratio compare to its peers?

The above table shows the PE ratio for 0RH9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.4x
NXR Norcros
24.4x41.7%UK£217.3m
ECEL Eurocell
13.1x22.3%UK£163.8m
EPWN Epwin Group
14.4x15.2%UK£130.7m
JHD James Halstead
17.7x4.1%UK£733.5m
0RH9 Nordic Waterproofing Holding
20.8x23.6%SEK 4.2b

Price-To-Earnings vs Peers: 0RH9 is expensive based on its Price-To-Earnings Ratio (20.8x) compared to the peer average (17.4x).

Price to Earnings Ratio vs Industry

How does 0RH9's PE Ratio compare vs other companies in the European Building Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0RH9 20.8xIndustry Avg. 20.0xNo. of Companies13PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0RH9 is expensive based on its Price-To-Earnings Ratio (20.8x) compared to the European Building industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is 0RH9'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.

0RH9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0RH9's Price-To-Earnings Fair Ratio for valuation analysis.

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 0RH9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 174.60
SEK 168.25
-3.6%
0.4%SEK 169.00SEK 167.50n/a2
Jan ’26n/a
SEK 168.25
0%
0.4%SEK 169.00SEK 167.50n/a2
Dec ’25SEK 169.80
SEK 168.25
-0.9%
0.4%SEK 169.00SEK 167.50n/a2
Nov ’25SEK 179.00
SEK 166.25
-7.1%
0.8%SEK 167.50SEK 165.00n/a2
Oct ’25SEK 167.20
SEK 163.75
-2.1%
0.8%SEK 165.00SEK 162.50n/a2
Sep ’25SEK 161.20
SEK 163.75
+1.6%
0.8%SEK 165.00SEK 162.50n/a2
Aug ’25n/a
SEK 163.75
0%
0.8%SEK 165.00SEK 162.50n/a2
Jul ’25SEK 161.92
SEK 167.75
+3.6%
0.1%SEK 168.00SEK 167.50n/a2
Jun ’25SEK 163.20
SEK 171.25
+4.9%
2.2%SEK 175.00SEK 167.50n/a2
May ’25SEK 160.64
SEK 171.25
+6.6%
2.2%SEK 175.00SEK 167.50n/a2
Apr ’25SEK 168.00
SEK 171.25
+1.9%
2.2%SEK 175.00SEK 167.50n/a2
Mar ’25SEK 169.54
SEK 171.25
+1.0%
2.2%SEK 175.00SEK 167.50n/a2
Feb ’25SEK 169.98
SEK 171.25
+0.7%
2.2%SEK 175.00SEK 167.50n/a2
Jan ’25SEK 164.80
SEK 171.25
+3.9%
2.2%SEK 175.00SEK 167.50n/a2
Dec ’24SEK 163.02
SEK 171.25
+5.1%
2.2%SEK 175.00SEK 167.50SEK 169.802
Nov ’24SEK 161.20
SEK 163.75
+1.6%
2.3%SEK 167.50SEK 160.00SEK 179.002
Oct ’24SEK 163.00
SEK 167.50
+2.8%
4.5%SEK 175.00SEK 160.00SEK 167.202
Sep ’24SEK 152.77
SEK 167.50
+9.6%
4.5%SEK 175.00SEK 160.00SEK 161.202
Aug ’24SEK 147.20
SEK 167.50
+13.8%
4.5%SEK 175.00SEK 160.00n/a2
Jul ’24SEK 136.60
SEK 171.00
+25.2%
2.3%SEK 175.00SEK 167.00SEK 161.922
Jun ’24SEK 143.19
SEK 171.00
+19.4%
2.3%SEK 175.00SEK 167.00SEK 163.202
May ’24SEK 138.06
SEK 179.50
+30.0%
2.5%SEK 184.00SEK 175.00SEK 160.642
Apr ’24SEK 162.93
SEK 185.75
+14.0%
0.9%SEK 187.50SEK 184.00SEK 168.002
Mar ’24SEK 169.58
SEK 185.75
+9.5%
0.9%SEK 187.50SEK 184.00SEK 169.542
Feb ’24SEK 162.50
SEK 198.25
+22.0%
7.2%SEK 212.50SEK 184.00SEK 169.982
Jan ’24SEK 142.01
SEK 188.75
+32.9%
12.6%SEK 212.50SEK 165.00SEK 164.802
Analyst Price Target
Consensus Narrative from 2 Analysts
SEK 168.44
Fair Value
3.7% overvalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/20 06:14
End of Day Share Price 2025/01/16 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 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

Nordic Waterproofing Holding AB (publ) is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Carl RagnerstamABG Sundal Collier Sponsored
null nullABG Sundal Collier Sponsored
Kristofer Liljeberg-SvenssonCarnegie Investment Bank AB