Holmen AB (publ)

BATS-CHIXE:HOLMBS Stock Report

Market Cap: SEK 64.3b

Holmen Valuation

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

Discounted Cash Flow
Simply Wall St
SEK 254.30
Fair Value
51.0% overvalued intrinsic discount
9
Number of Analysts

Below Fair Value: HOLMBS (SEK384) is trading above our estimate of fair value (SEK254.3)

Significantly Below Fair Value: HOLMBS is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HOLMBS. This is calculated by dividing HOLMBS's market cap by their current earnings.
What is HOLMBS's PE Ratio?
PE Ratio22.4x
EarningsSEK 2.87b
Market CapSEK 64.28b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HOLMBS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.3x
MNDI Mondi
27.7x19.7%UK£5.1b
CRDA Croda International
27.4x14.4%UK£4.3b
FRES Fresnillo
73.9x31.6%UK£7.8b
JMAT Johnson Matthey
4.2x-28.0%UK£2.2b
HOLMBS Holmen
22.4x7.6%SEK 64.3b

Price-To-Earnings vs Peers: HOLMBS is good value based on its Price-To-Earnings Ratio (22.4x) compared to the peer average (33.3x).

Price to Earnings Ratio vs Industry

How does HOLMBS's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HOLMBS is expensive based on its Price-To-Earnings Ratio (22.4x) compared to the European Forestry industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is HOLMBS'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.

HOLMBS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HOLMBS'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 HOLMBS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 413.22
0%
8.9%SEK 476.00SEK 350.00n/a9
May ’26n/a
SEK 411.56
0%
8.9%SEK 476.00SEK 350.00n/a9
Apr ’26n/a
SEK 431.00
0%
5.9%SEK 476.00SEK 389.00n/a9
Mar ’26n/a
SEK 431.56
0%
5.8%SEK 476.00SEK 389.00n/a9
Feb ’26SEK 421.20
SEK 430.11
+2.1%
6.4%SEK 476.00SEK 389.00n/a9
Jan ’26n/a
SEK 435.67
0%
5.9%SEK 476.00SEK 390.00n/a9
Dec ’25n/a
SEK 435.67
0%
5.9%SEK 476.00SEK 390.00n/a9
Nov ’25n/a
SEK 437.25
0%
5.0%SEK 476.00SEK 410.00n/a8
Oct ’25SEK 440.00
SEK 435.00
-1.1%
6.1%SEK 476.00SEK 390.00n/a8
Sep ’25n/a
SEK 433.75
0%
6.2%SEK 476.00SEK 390.00n/a8
Aug ’25n/a
SEK 428.17
0%
5.1%SEK 460.00SEK 400.00n/a6
Jul ’25n/a
SEK 430.67
0%
5.2%SEK 455.00SEK 400.00n/a6
Jun ’25n/a
SEK 434.60
0%
5.4%SEK 455.00SEK 393.00n/a5
May ’25n/a
SEK 434.60
0%
5.4%SEK 455.00SEK 393.00n/a5
Apr ’25n/a
SEK 414.60
0%
7.1%SEK 450.00SEK 370.00n/a5
Mar ’25n/a
SEK 408.25
0%
7.3%SEK 450.00SEK 370.00n/a4
Feb ’25n/a
SEK 412.50
0%
6.9%SEK 450.00SEK 370.00SEK 421.204
Jan ’25n/a
SEK 418.75
0%
9.0%SEK 470.00SEK 370.00n/a4
Dec ’24n/a
SEK 432.75
0%
12.6%SEK 520.00SEK 376.00n/a4
Nov ’24n/a
SEK 429.00
0%
12.8%SEK 520.00SEK 376.00n/a4
Oct ’24n/a
SEK 430.00
0%
12.5%SEK 520.00SEK 380.00SEK 440.004
Sep ’24n/a
SEK 428.00
0%
11.3%SEK 520.00SEK 380.00n/a5
Aug ’24n/a
SEK 443.60
0%
10.2%SEK 520.00SEK 385.00n/a5
Jul ’24n/a
SEK 448.00
0%
9.5%SEK 520.00SEK 385.00n/a6
Jun ’24SEK 410.10
SEK 449.67
+9.6%
9.6%SEK 520.00SEK 385.00n/a6
May ’24n/a
SEK 456.33
0%
7.6%SEK 520.00SEK 420.00n/a6
AnalystConsensusTarget
Consensus Narrative from 9 Analysts
SEK 389.68
Fair Value
1.5% undervalued intrinsic discount
9
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 Analysis2025/05/10 19:17
End of Day Share Price 2025/05/02 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

Holmen AB (publ) is covered by 24 analysts. 8 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
Pallav MittalBarclays
Justin JordanBNP Paribas Exane