New Wave Group Valuation

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

0KIZ (SEK96.47) is trading below our estimate of [[fair value]] (SEK144.05)

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: 0KIZ (SEK96.47) is trading below our estimate of fair value (SEK144.05)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0KIZ. This is calculated by dividing 0KIZ's market cap by their current earnings.
What is 0KIZ's PE Ratio?
PE Ratio	14.2x
Earnings	SEK 902.20m
Market Cap	SEK 12.82b

0KIZ 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	1.6x
Enterprise Value/EBITDA	10x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0KIZ 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	31.5x
BRBY Burberry Group	87x	38.9%	UK£3.3b
DOCS Dr. Martens	8.1x	5.7%	UK£562.0m
COA Coats Group	19.2x	15.5%	UK£1.5b
CRN Cairn Homes	11.5x	5.5%	UK£1.1b
0KIZ New Wave Group	14.2x	19.2%	SEK 12.8b

Price-To-Earnings vs Peers: 0KIZ is good value based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (31.5x).

Price to Earnings Ratio vs Industry

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

4 Companies	Price / Earnings	Estimated Growth	Market Cap

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 0KIZ is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the European Luxury industry average (13.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0KIZ'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.

0KIZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.2x
Fair PE Ratio	19.3x

Price-To-Earnings vs Fair Ratio: 0KIZ is good value based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

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 0KIZ 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 96.47	SEK 128.67 +33.4%	6.5%	SEK 140.00	SEK 120.00	n/a	3
Nov ’25	SEK 113.00	SEK 135.00 +19.5%	3.7%	SEK 140.00	SEK 130.00	n/a	2
Oct ’25	SEK 113.00	SEK 135.00 +19.5%	3.7%	SEK 140.00	SEK 130.00	n/a	2
Sep ’25	SEK 113.27	SEK 135.00 +19.2%	3.7%	SEK 140.00	SEK 130.00	n/a	2
Aug ’25	SEK 109.70	SEK 126.67 +15.5%	7.4%	SEK 140.00	SEK 120.00	n/a	3
Jul ’25	SEK 111.15	SEK 126.67 +14.0%	7.4%	SEK 140.00	SEK 120.00	n/a	3
Jun ’25	SEK 115.80	SEK 126.67 +9.4%	7.4%	SEK 140.00	SEK 120.00	n/a	3
May ’25	SEK 101.69	SEK 126.67 +24.6%	7.4%	SEK 140.00	SEK 120.00	n/a	3
Apr ’25	SEK 128.08	SEK 136.67 +6.7%	7.5%	SEK 150.00	SEK 125.00	n/a	3
Mar ’25	SEK 128.42	SEK 136.67 +6.4%	7.5%	SEK 150.00	SEK 125.00	n/a	3
Feb ’25	SEK 93.54	SEK 113.33 +21.2%	2.1%	SEK 115.00	SEK 110.00	n/a	3
Jan ’25	SEK 101.89	SEK 113.33 +11.2%	2.1%	SEK 115.00	SEK 110.00	n/a	3
Dec ’24	SEK 87.82	SEK 113.33 +29.0%	2.1%	SEK 115.00	SEK 110.00	n/a	3
Nov ’24	SEK 71.66	SEK 115.50 +61.2%	4.8%	SEK 121.00	SEK 110.00	SEK 113.00	2
Oct ’24	SEK 76.16	SEK 115.50 +51.7%	4.8%	SEK 121.00	SEK 110.00	SEK 113.00	2
Sep ’24	SEK 78.12	SEK 115.50 +47.8%	4.8%	SEK 121.00	SEK 110.00	SEK 113.27	2
Aug ’24	SEK 94.10	SEK 125.00 +32.8%	4.0%	SEK 130.00	SEK 120.00	SEK 109.70	2
Jul ’24	SEK 94.39	SEK 132.50 +40.4%	1.9%	SEK 135.00	SEK 130.00	SEK 111.15	2
Jun ’24	SEK 93.41	SEK 132.50 +41.8%	1.9%	SEK 135.00	SEK 130.00	SEK 115.80	2
May ’24	SEK 103.95	SEK 132.50 +27.5%	1.9%	SEK 135.00	SEK 130.00	SEK 101.69	2
Apr ’24	SEK 88.30	SEK 131.25 +48.6%	2.9%	SEK 135.00	SEK 127.50	SEK 128.08	2
Mar ’24	SEK 91.44	SEK 131.25 +43.5%	2.9%	SEK 135.00	SEK 127.50	SEK 128.42	2
Feb ’24	SEK 121.13	SEK 127.50 +5.3%	5.9%	SEK 135.00	SEK 120.00	SEK 93.54	2
Nov ’23	SEK 78.88	SEK 108.75 +37.9%	3.4%	SEK 112.50	SEK 105.00	SEK 71.66	2

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