JM AB (publ)

BATS-CHIXE:JMS Stock Report

Market Cap: SEK 10.0b

JM Valuation

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

Discounted Cash Flow
Simply Wall St
SEK 110.11
Fair Value
38.7% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: JMS (SEK152.75) is trading above our estimate of fair value (SEK110.11)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for JMS. This is calculated by dividing JMS's market cap by their current earnings.
What is JMS's PE Ratio?
PE Ratio29.4x
EarningsSEK 340.00m
Market CapSEK 9.96b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for JMS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.5x
CRN Cairn Homes
10.9x6.1%UK£1.1b
GLE MJ Gleeson
18.1x20.2%UK£299.2m
BOOT Henry Boot
12.3x7.0%UK£287.6m
VTY Vistry Group
28.5x32.8%UK£2.1b
JMS JM
29.4x52.8%SEK 10.0b

Price-To-Earnings vs Peers: JMS is expensive based on its Price-To-Earnings Ratio (29.4x) compared to the peer average (17.5x).

Price to Earnings Ratio vs Industry

How does JMS's PE Ratio compare vs other companies in the European Consumer Durables Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies10PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JMS is expensive based on its Price-To-Earnings Ratio (29.4x) compared to the European Consumer Durables industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is JMS'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.

JMS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate JMS'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 JMS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 188.33
0%
23.8%SEK 250.00SEK 145.00n/a3
Apr ’26n/a
SEK 190.00
0%
22.7%SEK 250.00SEK 150.00n/a3
Mar ’26SEK 157.00
SEK 190.00
+21.0%
22.7%SEK 250.00SEK 150.00n/a3
Feb ’26n/a
SEK 196.67
0%
19.2%SEK 250.00SEK 170.00n/a3
Jan ’26n/a
SEK 191.67
0%
21.8%SEK 250.00SEK 155.00n/a3
Dec ’25n/a
SEK 191.67
0%
21.8%SEK 250.00SEK 155.00n/a3
Nov ’25n/a
SEK 195.00
0%
20.6%SEK 250.00SEK 155.00n/a3
Oct ’25n/a
SEK 195.00
0%
20.6%SEK 250.00SEK 155.00n/a3
Sep ’25n/a
SEK 195.00
0%
20.6%SEK 250.00SEK 155.00n/a3
Aug ’25SEK 210.40
SEK 195.00
-7.3%
20.6%SEK 250.00SEK 155.00n/a3
Jul ’25n/a
SEK 191.67
0%
21.8%SEK 250.00SEK 155.00n/a3
Jun ’25SEK 205.10
SEK 188.33
-8.2%
23.2%SEK 250.00SEK 155.00n/a3
May ’25n/a
SEK 188.33
0%
23.2%SEK 250.00SEK 155.00n/a3
Apr ’25n/a
SEK 188.33
0%
23.2%SEK 250.00SEK 155.00n/a3
Mar ’25n/a
SEK 145.00
0%
10.3%SEK 160.00SEK 130.00SEK 157.002
Feb ’25n/a
SEK 125.00
0%
4.0%SEK 130.00SEK 120.00n/a2
Jan ’25n/a
SEK 110.00
0%
9.1%SEK 120.00SEK 100.00n/a2
Dec ’24n/a
SEK 110.00
0%
9.1%SEK 120.00SEK 100.00n/a2
Nov ’24n/a
SEK 130.00
0%
23.1%SEK 160.00SEK 100.00n/a2
Oct ’24n/a
SEK 147.50
0%
8.5%SEK 160.00SEK 135.00n/a2
Sep ’24n/a
SEK 147.50
0%
8.5%SEK 160.00SEK 135.00n/a2
Aug ’24SEK 164.00
SEK 147.50
-10.1%
8.5%SEK 160.00SEK 135.00SEK 210.402
Jul ’24n/a
SEK 155.00
0%
9.7%SEK 170.00SEK 140.00n/a2
Jun ’24SEK 129.25
SEK 162.50
+25.7%
4.6%SEK 170.00SEK 155.00SEK 205.102
May ’24SEK 163.10
SEK 187.50
+15.0%
17.3%SEK 220.00SEK 155.00n/a2
AnalystConsensusTarget
Consensus Narrative from 3 Analysts
SEK 185.60
Fair Value
17.7% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/02 00:54
End of Day Share Price 2025/04/23 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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

JM AB (publ) is covered by 14 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.

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