EQT AB (publ)

LSE:0AAZ Stock Report

Market Cap: SEK 398.9b

EQT Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Discounted Cash Flow
Simply Wall St
SEK 345.04
Fair Value
2.8% undervalued intrinsic discount
13
Number of Analysts

Below Fair Value: 0AAZ (SEK335.45) is trading below our estimate of fair value (SEK345.04)

Significantly Below Fair Value: 0AAZ is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0AAZ. This is calculated by dividing 0AAZ's market cap by their current earnings.
What is 0AAZ's PE Ratio?
PE Ratio114.4x
Earnings€301.20m
Market Cap€34.69b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0AAZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.8x
III 3i Group
8.7x16.4%UK£36.2b
HL. Hargreaves Lansdown
17.8x1.8%UK£5.2b
ICG Intermediate Capital Group
15.2x12.1%UK£6.0b
SDR Schroders
13.6x11.2%UK£5.1b
0AAZ EQT
114.4x34.8%SEK 398.9b

Price-To-Earnings vs Peers: 0AAZ is expensive based on its Price-To-Earnings Ratio (114.4x) compared to the peer average (13.8x).

Price to Earnings Ratio vs Industry

How does 0AAZ's PE Ratio compare vs other companies in the GB Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PNIX Phoenix Digital Assets
1.3xn/aUS$34.43m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.4xn/aUS$6.24m
HRIP Hot Rocks Investments
1.8xn/aUS$582.74k
No more companies available in this PE range
0AAZ 114.4xIndustry Avg. 12.0xNo. of Companies16PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0AAZ is expensive based on its Price-To-Earnings Ratio (114.4x) compared to the UK Capital Markets industry average (12x).

Price to Earnings Ratio vs Fair Ratio

What is 0AAZ'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.

0AAZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio114.4x
Fair PE Ratio32.5x

Price-To-Earnings vs Fair Ratio: 0AAZ is expensive based on its Price-To-Earnings Ratio (114.4x) compared to the estimated Fair Price-To-Earnings Ratio (32.5x).

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 0AAZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 335.45
SEK 368.93
+10.0%
10.9%SEK 439.50SEK 286.34n/a13
Jan ’26SEK 306.10
SEK 355.18
+16.0%
10.3%SEK 429.90SEK 285.03n/a13
Dec ’25SEK 321.00
SEK 357.57
+11.4%
10.1%SEK 433.85SEK 287.65n/a13
Nov ’25SEK 309.75
SEK 359.21
+16.0%
11.1%SEK 432.98SEK 287.07n/a13
Oct ’25SEK 344.70
SEK 351.94
+2.1%
10.3%SEK 440.20SEK 298.79n/a13
Sep ’25SEK 343.31
SEK 354.56
+3.3%
9.6%SEK 448.70SEK 321.89n/a13
Aug ’25SEK 350.81
SEK 365.73
+4.3%
9.9%SEK 464.59SEK 333.29n/a11
Jul ’25SEK 315.23
SEK 349.72
+10.9%
4.2%SEK 380.42SEK 326.70n/a11
Jun ’25SEK 317.20
SEK 349.99
+10.3%
6.5%SEK 384.67SEK 305.66n/a10
May ’25SEK 300.66
SEK 350.93
+16.7%
9.1%SEK 398.32SEK 296.88n/a10
Apr ’25SEK 342.49
SEK 333.54
-2.6%
9.8%SEK 410.30SEK 287.31n/a11
Mar ’25SEK 306.74
SEK 297.21
-3.1%
11.3%SEK 361.01SEK 235.70n/a12
Feb ’25SEK 281.81
SEK 292.06
+3.6%
11.7%SEK 356.77SEK 237.45n/a12
Jan ’25SEK 285.00
SEK 266.11
-6.6%
10.9%SEK 298.68SEK 193.26SEK 306.1012
Dec ’24SEK 249.76
SEK 264.41
+5.9%
13.4%SEK 302.88SEK 195.98SEK 321.0012
Nov ’24SEK 204.86
SEK 272.72
+33.1%
12.8%SEK 312.16SEK 201.99SEK 309.7513
Oct ’24SEK 217.09
SEK 272.11
+25.3%
12.9%SEK 330.90SEK 201.62SEK 344.7013
Sep ’24SEK 221.04
SEK 273.45
+23.7%
14.2%SEK 329.81SEK 206.13SEK 343.3114
Aug ’24SEK 245.48
SEK 268.31
+9.3%
14.5%SEK 321.35SEK 200.84SEK 350.8114
Jul ’24SEK 207.40
SEK 274.36
+32.3%
15.8%SEK 330.14SEK 202.97SEK 315.2313
Jun ’24SEK 202.92
SEK 275.92
+36.0%
16.2%SEK 329.54SEK 201.06SEK 317.2013
May ’24SEK 219.74
SEK 269.79
+22.8%
16.0%SEK 319.99SEK 195.23SEK 300.6613
Apr ’24SEK 209.78
SEK 280.34
+33.6%
17.9%SEK 366.69SEK 194.53SEK 342.4913
Mar ’24SEK 232.63
SEK 272.55
+17.2%
17.9%SEK 356.45SEK 189.09SEK 306.7413
Feb ’24SEK 231.23
SEK 278.52
+20.5%
18.3%SEK 365.95SEK 194.13SEK 281.8113
Jan ’24SEK 224.60
SEK 278.82
+24.1%
17.4%SEK 350.35SEK 189.95SEK 285.0013
Analyst Price Target
Consensus Narrative from 13 Analysts
SEK 368.88
Fair Value
9.1% undervalued intrinsic discount
13
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 Analysis2025/01/20 18:46
End of Day Share Price 2025/01/20 00:00
Earnings2024/06/30
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

EQT AB (publ) is covered by 19 analysts. 13 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
Michael SandersonBarclays
Michael SandersonBarclays