Multiconsult ASA

BATS-CHIXE:MULTIO Stock Report

Market Cap: NOK 5.4b

Multiconsult Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Discounted Cash Flow
Simply Wall St
NOK 425.71
Fair Value
52.2% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: MULTIO (NOK203.5) is trading below our estimate of fair value (NOK425.71)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MULTIO. This is calculated by dividing MULTIO's market cap by their current earnings.
What is MULTIO's PE Ratio?
PE Ratio12.2x
EarningsNOK 439.53m
Market CapNOK 5.38b

Price to Earnings Ratio vs Peers

How does MULTIO's PE Ratio compare to its peers?

The above table shows the PE ratio for MULTIO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.8x
FNTL Fintel
49.4x34.0%UK£291.7m
WIL Wilmington
20.2x7.3%UK£348.2m
ELIX Elixirr International
18.9x16.2%UK£348.8m
SAG Science Group
34.4x18.3%UK£207.9m
MULTIO Multiconsult
12.2x-2.8%NOK 5.4b

Price-To-Earnings vs Peers: MULTIO is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (30.8x).

Price to Earnings Ratio vs Industry

How does MULTIO's PE Ratio compare vs other companies in the GB Professional Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IBPO iEnergizer
1.7xn/aUS$140.06m
TEK Tekcapital
1.8xn/aUS$25.04m
No more companies available in this PE range
No. of Companies3PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MULTIO is good value based on its Price-To-Earnings Ratio (12.2x) compared to the UK Professional Services industry average (28.6x).

Price to Earnings Ratio vs Fair Ratio

What is MULTIO'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.

MULTIO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MULTIO'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 MULTIO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 203.50
NOK 209.80
+3.1%
8.0%NOK 225.00NOK 180.00n/a5
Jan ’26n/a
NOK 206.00
0%
7.9%NOK 220.00NOK 180.00n/a4
Dec ’25n/a
NOK 206.00
0%
7.9%NOK 220.00NOK 180.00n/a4
Nov ’25n/a
NOK 192.50
0%
6.7%NOK 200.00NOK 170.00n/a4
Oct ’25n/a
NOK 191.25
0%
6.5%NOK 200.00NOK 170.00n/a4
Sep ’25n/a
NOK 188.33
0%
7.0%NOK 200.00NOK 170.00n/a3
Aug ’25n/a
NOK 163.33
0%
8.0%NOK 175.00NOK 145.00n/a3
Jul ’25n/a
NOK 163.33
0%
8.0%NOK 175.00NOK 145.00n/a3
Jun ’25n/a
NOK 160.00
0%
6.8%NOK 170.00NOK 145.00n/a3
May ’25n/a
NOK 151.67
0%
7.8%NOK 160.00NOK 135.00n/a3
Apr ’25n/a
NOK 151.67
0%
7.8%NOK 160.00NOK 135.00n/a3
Mar ’25n/a
NOK 151.67
0%
7.8%NOK 160.00NOK 135.00n/a3
Feb ’25n/a
NOK 150.00
0%
7.2%NOK 160.00NOK 135.00NOK 203.503
Jan ’25n/a
NOK 151.67
0%
5.6%NOK 160.00NOK 140.00n/a3
Dec ’24n/a
NOK 151.67
0%
5.6%NOK 160.00NOK 140.00n/a3
Nov ’24n/a
NOK 171.67
0%
14.3%NOK 200.00NOK 140.00n/a3
Oct ’24n/a
NOK 171.67
0%
14.3%NOK 200.00NOK 140.00n/a3
Sep ’24n/a
NOK 171.67
0%
14.3%NOK 200.00NOK 140.00n/a3
Aug ’24n/a
NOK 175.00
0%
16.3%NOK 200.00NOK 135.00n/a3
Jul ’24n/a
NOK 175.00
0%
16.3%NOK 200.00NOK 135.00n/a3
Jun ’24n/a
NOK 175.00
0%
16.3%NOK 200.00NOK 135.00n/a3
May ’24n/a
NOK 156.67
0%
10.5%NOK 175.00NOK 135.00n/a3
Apr ’24n/a
NOK 155.00
0%
9.5%NOK 170.00NOK 135.00n/a3
Mar ’24n/a
NOK 147.50
0%
8.5%NOK 160.00NOK 135.00n/a2
Feb ’24n/a
NOK 147.50
0%
8.5%NOK 160.00NOK 135.00n/a2
Analyst Price Target
Consensus Narrative from 5 Analysts
NOK 216.17
Fair Value
5.9% 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 Analysis2025/02/01 06:07
End of Day Share Price 2025/01/28 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

Multiconsult ASA is covered by 6 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
Mikkel Nyholt-SmedsengCarnegie Investment Bank AB
Simen MortensenDNB Markets