EQT AB (publ)

LSE:0AAZ Stock Report

Market Cap: SEK 373.1b

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.

Below Fair Value: 0AAZ (SEK316.77) is trading below our estimate of fair value (SEK321.8)

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 Ratio107.4x
Earnings€301.20m
Market Cap€32.35b

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 Average13.7x
III 3i Group
8.4x17.7%UK£35.4b
HL. Hargreaves Lansdown
17.7x1.6%UK£5.2b
ICG Intermediate Capital Group
15.4x11.7%UK£6.1b
SDR Schroders
13.3x12.9%UK£5.0b
0AAZ EQT
107.4x33.5%SEK 373.1b

Price-To-Earnings vs Peers: 0AAZ is expensive based on its Price-To-Earnings Ratio (107.4x) compared to the peer average (13.7x).

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
1.2xn/aUS$35.28m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.4xn/aUS$5.78m
MAFL Mineral & Financial Investments
1.9xn/aUS$4.94m
No more companies available in this PE range
0AAZ 107.4xIndustry Avg. 12.4xNo. of Companies18PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0AAZ is expensive based on its Price-To-Earnings Ratio (107.4x) compared to the UK Capital Markets industry average (12.4x).

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 Ratio107.4x
Fair PE Ratio32.7x

Price-To-Earnings vs Fair Ratio: 0AAZ is expensive based on its Price-To-Earnings Ratio (107.4x) compared to the estimated Fair Price-To-Earnings Ratio (32.7x).

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 316.77
SEK 357.63
+12.9%
10.2%SEK 435.46SEK 287.65n/a13
Nov ’25SEK 309.75
SEK 359.28
+16.0%
11.2%SEK 434.58SEK 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 193.26n/a12
Dec ’24SEK 249.76
SEK 264.41
+5.9%
13.4%SEK 302.88SEK 195.98n/a12
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
Dec ’23SEK 244.83
SEK 277.55
+13.4%
16.1%SEK 341.12SEK 184.94SEK 249.7612
Nov ’23SEK 224.38
SEK 277.96
+23.9%
16.3%SEK 342.84SEK 192.37SEK 204.8611

Analyst Forecast: Target price is less than 20% higher than the current share price.

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