Scandinavian Tobacco Group A/S

BATS-CHIXE:STGC Stock Report

Market Cap: DKK 7.7b

Scandinavian Tobacco Group Valuation

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

Discounted Cash Flow
Simply Wall St
DKK 423.48
Fair Value
77.3% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: STGC (DKK96.2) is trading below our estimate of fair value (DKK423.48)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for STGC. This is calculated by dividing STGC's market cap by their current earnings.
What is STGC's PE Ratio?
PE Ratio7.8x
EarningsDKK 986.70m
Market CapDKK 7.69b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for STGC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.3x
IMB Imperial Brands
8.3x-4.8%UK£21.6b
BAKK Bakkavor Group
11.9x11.2%UK£760.5m
HFG Hilton Food Group
16.9x9.4%UK£783.1m
GNC Greencore Group
16.3x9.4%UK£755.6m
STGC Scandinavian Tobacco Group
7.8x3.8%DKK 7.7b

Price-To-Earnings vs Peers: STGC is good value based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (13.3x).

Price to Earnings Ratio vs Industry

How does STGC's PE Ratio compare vs other companies in the Global Tobacco Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies9PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: STGC is good value based on its Price-To-Earnings Ratio (7.8x) compared to the Global Tobacco industry average (11.4x).

Price to Earnings Ratio vs Fair Ratio

What is STGC'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.

STGC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate STGC'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 STGC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
DKK 108.50
0%
6.0%DKK 115.00DKK 102.00n/a2
Jan ’26DKK 96.20
DKK 108.50
+12.8%
6.0%DKK 115.00DKK 102.00n/a2
Dec ’25n/a
DKK 108.50
0%
6.0%DKK 115.00DKK 102.00n/a2
Nov ’25DKK 102.60
DKK 110.67
+7.9%
6.7%DKK 120.00DKK 102.00n/a3
Oct ’25n/a
DKK 110.67
0%
6.7%DKK 120.00DKK 102.00n/a3
Sep ’25DKK 107.00
DKK 109.00
+1.9%
4.9%DKK 115.00DKK 102.00n/a3
Aug ’25n/a
DKK 109.00
0%
4.9%DKK 115.00DKK 102.00n/a3
Jul ’25n/a
DKK 110.67
0%
6.7%DKK 120.00DKK 102.00n/a3
Jun ’25n/a
DKK 114.00
0%
10.3%DKK 130.00DKK 102.00n/a3
Mar ’25n/a
DKK 132.50
0%
1.9%DKK 135.00DKK 130.00n/a2
Feb ’25DKK 124.25
DKK 132.50
+6.6%
1.9%DKK 135.00DKK 130.00n/a2
Jan ’25n/a
DKK 127.50
0%
2.0%DKK 130.00DKK 125.00DKK 96.202
Dec ’24n/a
DKK 127.50
0%
2.0%DKK 130.00DKK 125.00n/a2
Nov ’24n/a
DKK 127.50
0%
2.0%DKK 130.00DKK 125.00DKK 102.602
Oct ’24n/a
DKK 123.33
0%
5.1%DKK 130.00DKK 115.00n/a3
Sep ’24n/a
DKK 126.67
0%
6.7%DKK 135.00DKK 115.00DKK 107.003
Aug ’24n/a
DKK 136.25
0%
13.3%DKK 165.00DKK 115.00n/a4
Jul ’24DKK 111.40
DKK 136.25
+22.3%
13.3%DKK 165.00DKK 115.00n/a4
Jun ’24n/a
DKK 136.25
0%
13.3%DKK 165.00DKK 115.00n/a4
May ’24n/a
DKK 138.33
0%
14.9%DKK 165.00DKK 115.00n/a3
Apr ’24n/a
DKK 138.33
0%
14.9%DKK 165.00DKK 115.00DKK 125.003
Mar ’24DKK 123.60
DKK 130.00
+5.2%
20.6%DKK 165.00DKK 100.00n/a3
Feb ’24DKK 115.90
DKK 133.75
+15.4%
18.0%DKK 165.00DKK 100.00DKK 124.254
Jan ’24DKK 122.60
DKK 140.00
+14.2%
11.8%DKK 165.00DKK 125.00n/a4
Analyst Price Target
Consensus Narrative from 2 Analysts
DKK 107.27
Fair Value
10.3% undervalued intrinsic discount
2
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 Analysis2025/01/10 23:25
End of Day Share Price 2024/12/27 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

Scandinavian Tobacco Group A/S is covered by 7 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
Andreas LundbergABG Sundal Collier
Niklas EkmanCarnegie Investment Bank AB
Gerry GallagherDeutsche Bank