Gränges AB (publ)

BATS-CHIXE:GRNGS Stock Report

Market Cap: SEK 12.5b

Gränges Valuation

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

Discounted Cash Flow
Simply Wall St
SEK 449.15
Fair Value
72.6% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: GRNGS (SEK123.05) is trading below our estimate of fair value (SEK449.15)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GRNGS. This is calculated by dividing GRNGS's market cap by their current earnings.
What is GRNGS's PE Ratio?
PE Ratio12.2x
EarningsSEK 1.03b
Market CapSEK 12.47b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GRNGS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
PAF Pan African Resources
15.9x46.55%UK£990.3m
HOC Hochschild Mining
17.5x22.09%UK£1.3b
ATYM Atalaya Mining Copper
12.5x22.84%UK£642.6m
HILS Hill & Smith
17.5x12.79%UK£1.3b
GRNGS Gränges
12.2x17.16%SEK 12.5b

Price-To-Earnings vs Peers: GRNGS is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (15.9x).

Price to Earnings Ratio vs Industry

How does GRNGS's PE Ratio compare vs other companies in the GB Metals and Mining Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
ARCM Arc Minerals
1.7xn/aUS$19.96m
TGR Tirupati Graphite
1.2xn/aUS$10.50m
No. of Companies6PE0816243240+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GRNGS is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the UK Metals and Mining industry average (7.6x).

Price to Earnings Ratio vs Fair Ratio

What is GRNGS'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.

GRNGS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GRNGS'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 GRNGS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 157.00
0%
11.78%SEK 178.00SEK 133.00n/a3
Jun ’26SEK 123.05
SEK 157.00
+27.59%
11.78%SEK 178.00SEK 133.00n/a3
May ’26n/a
SEK 157.00
0%
11.78%SEK 178.00SEK 133.00n/a3
Apr ’26n/a
SEK 164.33
0%
9.02%SEK 181.00SEK 145.00n/a3
Mar ’26n/a
SEK 164.33
0%
9.02%SEK 181.00SEK 145.00n/a3
Feb ’26n/a
SEK 157.67
0%
15.09%SEK 181.00SEK 125.00n/a3
Jan ’26n/a
SEK 156.33
0%
15.50%SEK 184.00SEK 125.00n/a3
Dec ’25n/a
SEK 156.33
0%
15.50%SEK 184.00SEK 125.00n/a3
Nov ’25n/a
SEK 156.33
0%
15.50%SEK 184.00SEK 125.00n/a3
Oct ’25n/a
SEK 155.00
0%
14.66%SEK 180.00SEK 125.00n/a3
Sep ’25n/a
SEK 155.00
0%
14.66%SEK 180.00SEK 125.00n/a3
Aug ’25n/a
SEK 155.00
0%
14.66%SEK 180.00SEK 125.00n/a3
Jul ’25n/a
SEK 151.67
0%
12.72%SEK 170.00SEK 125.00n/a3
Jun ’25n/a
SEK 146.67
0%
10.54%SEK 160.00SEK 125.00SEK 123.053
May ’25n/a
SEK 146.67
0%
10.54%SEK 160.00SEK 125.00n/a3
Apr ’25n/a
SEK 123.33
0%
1.91%SEK 125.00SEK 120.00n/a3
Mar ’25n/a
SEK 117.50
0%
6.38%SEK 125.00SEK 110.00n/a2
Feb ’25n/a
SEK 117.50
0%
6.38%SEK 125.00SEK 110.00n/a2
Jan ’25n/a
SEK 115.00
0%
8.70%SEK 125.00SEK 105.00n/a2
Dec ’24n/a
SEK 119.67
0%
8.77%SEK 129.00SEK 105.00n/a3
Nov ’24n/a
SEK 119.67
0%
8.77%SEK 129.00SEK 105.00n/a3
Oct ’24n/a
SEK 115.33
0%
7.09%SEK 125.00SEK 105.00n/a3
Sep ’24n/a
SEK 115.33
0%
7.09%SEK 125.00SEK 105.00n/a3
Aug ’24n/a
SEK 115.33
0%
7.09%SEK 125.00SEK 105.00n/a3
Jul ’24n/a
SEK 112.00
0%
11.22%SEK 125.00SEK 95.00n/a3
Jun ’24n/a
SEK 112.00
0%
11.22%SEK 125.00SEK 95.00n/a3
AnalystConsensusTarget
Consensus Narrative from 3 Analysts
SEK 164.70
Fair Value
25.3% undervalued intrinsic discount
3
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/22 05:38
End of Day Share Price 2025/05/30 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

Gränges AB (publ) 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
null nullABG Sundal Collier
Kenneth Toll JohanssonCarnegie Investment Bank AB
Oskar LindstromDanske Bank