Gränges AB (publ)

LSE:0R9X Stock Report

Market Cap: SEK 14.3b

Gränges Valuation

Is 0R9X 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 0R9X when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0R9X (SEK134.8) is trading below our estimate of fair value (SEK482.94)

Significantly Below Fair Value: 0R9X is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0R9X?

Key metric: As 0R9X is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0R9X. This is calculated by dividing 0R9X's market cap by their current earnings.
What is 0R9X's PE Ratio?
PE Ratio15.2x
EarningsSEK 943.00m
Market CapSEK 14.33b

Price to Earnings Ratio vs Peers

How does 0R9X's PE Ratio compare to its peers?

The above table shows the PE ratio for 0R9X vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.6x
HOC Hochschild Mining
48.2x53.2%UK£1.1b
HILS Hill & Smith
19.4x11.0%UK£1.5b
PAF Pan African Resources
10.6x29.5%UK£682.3m
ATYM Atalaya Mining
24x39.1%UK£514.5m
0R9X Gränges
15.2x25.4%SEK 14.3b

Price-To-Earnings vs Peers: 0R9X is good value based on its Price-To-Earnings Ratio (15.2x) compared to the peer average (25.6x).

Price to Earnings Ratio vs Industry

How does 0R9X's PE Ratio compare vs other companies in the GB Metals and Mining Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
MTL Metals Exploration
0.9xn/aUS$119.76m
TGR Tirupati Graphite
1.2xn/aUS$10.50m
No more companies available in this PE range
0R9X 15.2xIndustry Avg. 9.1xNo. of Companies7PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0R9X is expensive based on its Price-To-Earnings Ratio (15.2x) compared to the UK Metals and Mining industry average (9.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0R9X'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.

0R9X PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.2x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: 0R9X is good value based on its Price-To-Earnings Ratio (15.2x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).

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 0R9X forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 134.80
SEK 156.33
+16.0%
15.5%SEK 184.00SEK 125.00n/a3
Dec ’25SEK 124.70
SEK 156.33
+25.4%
15.5%SEK 184.00SEK 125.00n/a3
Nov ’25SEK 123.40
SEK 156.33
+26.7%
15.5%SEK 184.00SEK 125.00n/a3
Oct ’25SEK 120.20
SEK 155.00
+29.0%
14.7%SEK 180.00SEK 125.00n/a3
Sep ’25SEK 127.90
SEK 155.00
+21.2%
14.7%SEK 180.00SEK 125.00n/a3
Aug ’25SEK 126.70
SEK 155.00
+22.3%
14.7%SEK 180.00SEK 125.00n/a3
Jul ’25SEK 136.90
SEK 151.67
+10.8%
12.7%SEK 170.00SEK 125.00n/a3
Jun ’25SEK 135.00
SEK 146.67
+8.6%
10.5%SEK 160.00SEK 125.00n/a3
May ’25SEK 131.56
SEK 146.67
+11.5%
10.5%SEK 160.00SEK 125.00n/a3
Apr ’25SEK 115.80
SEK 123.33
+6.5%
1.9%SEK 125.00SEK 120.00n/a3
Mar ’25SEK 103.62
SEK 117.50
+13.4%
6.4%SEK 125.00SEK 110.00n/a2
Feb ’25SEK 102.11
SEK 117.50
+15.1%
6.4%SEK 125.00SEK 110.00n/a2
Jan ’25SEK 116.39
SEK 115.00
-1.2%
8.7%SEK 125.00SEK 105.00SEK 131.702
Dec ’24SEK 116.09
SEK 119.67
+3.1%
8.8%SEK 129.00SEK 105.00SEK 124.703
Nov ’24SEK 107.30
SEK 119.67
+11.5%
8.8%SEK 129.00SEK 105.00SEK 123.403
Oct ’24SEK 103.00
SEK 115.33
+12.0%
7.1%SEK 125.00SEK 105.00SEK 120.203
Sep ’24SEK 104.00
SEK 115.33
+10.9%
7.1%SEK 125.00SEK 105.00SEK 127.903
Aug ’24SEK 105.19
SEK 115.33
+9.6%
7.1%SEK 125.00SEK 105.00SEK 126.703
Jul ’24SEK 102.99
SEK 112.00
+8.7%
11.2%SEK 125.00SEK 95.00SEK 136.903
Jun ’24SEK 96.48
SEK 112.00
+16.1%
11.2%SEK 125.00SEK 95.00SEK 135.003
May ’24SEK 102.61
SEK 108.00
+5.3%
9.8%SEK 116.00SEK 93.00SEK 131.563
Apr ’24SEK 99.35
SEK 104.33
+5.0%
8.6%SEK 115.00SEK 93.00SEK 115.803
Mar ’24SEK 90.05
SEK 96.00
+6.6%
6.8%SEK 105.00SEK 90.00SEK 103.623
Feb ’24SEK 88.92
SEK 101.00
+13.6%
5.6%SEK 105.00SEK 93.00SEK 102.113
Jan ’24SEK 85.73
SEK 86.67
+1.1%
7.2%SEK 95.00SEK 80.00SEK 116.393

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 Analysis2025/01/02 14:04
End of Day Share Price 2025/01/02 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

Gränges AB (publ) is covered by 8 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
Olof GrenmarkABG Sundal Collier
Kenneth Toll JohanssonCarnegie Investment Bank AB
Oskar LindstromDanske Bank