Gränges AB (publ)

LSE:0R9X Stock Report

Market Cap: SEK 16.7b

Gränges Valuation

Is 0R9X undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 0R9X (SEK156.5) is trading below our estimate of future cash flow value (SEK269.57)

Significantly Below Future Cash Flow Value: 0R9X is trading below future cash flow 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 Ratio16.5x
EarningsSEK 1.02b
Market CapSEK 16.71b

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 Average18.4x
ATYM Atalaya Mining Copper
20.5x22.45%UK£1.5b
HILS Hill & Smith
22.5x10.15%UK£1.8b
BREE Breedon Group
13x11.30%UK£1.2b
RHIM RHI Magnesita
17.6x26.23%UK£1.3b
0R9X Gränges
16.5x14.70%SEK 16.7b

Price-To-Earnings vs Peers: 0R9X is good value based on its Price-To-Earnings Ratio (16.5x) compared to the peer average (18.4x).


Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data


Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ENPL En+ Group International
2.2x8.04%US$4.67b
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
POG Petropavlovsk
2.5x12.47%US$56.91m
0R9X 16.5xIndustry Avg. 21.5xNo. of Companies7PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0R9X is good value based on its Price-To-Earnings Ratio (16.5x) compared to the UK Metals and Mining industry average (21.6x).


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 Ratio16.5x
Fair PE Ratio22.2x

Price-To-Earnings vs Fair Ratio: 0R9X is good value based on its Price-To-Earnings Ratio (16.5x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).


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 156.50
SEK 171.67
+9.69%
3.63%SEK 180.00SEK 165.00n/a3
Feb ’27SEK 143.74
SEK 171.67
+19.43%
3.63%SEK 180.00SEK 165.00n/a3
Jan ’27SEK 146.10
SEK 152.33
+4.27%
8.41%SEK 170.00SEK 140.00n/a3
Dec ’26SEK 140.00
SEK 152.33
+8.81%
8.41%SEK 170.00SEK 140.00n/a3
Nov ’26SEK 139.00
SEK 152.33
+9.59%
8.41%SEK 170.00SEK 140.00n/a3
Oct ’26SEK 118.00
SEK 153.50
+30.08%
2.28%SEK 157.00SEK 150.00n/a2
Sep ’26SEK 137.65
SEK 160.67
+16.72%
2.05%SEK 165.00SEK 157.00n/a3
Aug ’26SEK 130.90
SEK 160.67
+22.74%
2.05%SEK 165.00SEK 157.00n/a3
Jul ’26SEK 122.30
SEK 157.00
+28.37%
11.78%SEK 178.00SEK 133.00n/a3
Jun ’26SEK 121.20
SEK 157.00
+29.54%
11.78%SEK 178.00SEK 133.00n/a3
May ’26SEK 119.38
SEK 157.00
+31.52%
11.78%SEK 178.00SEK 133.00n/a3
Apr ’26SEK 121.70
SEK 164.33
+35.03%
9.02%SEK 181.00SEK 145.00n/a3
Mar ’26SEK 136.60
SEK 164.33
+20.30%
9.02%SEK 181.00SEK 145.00SEK 160.003
Feb ’26SEK 135.00
SEK 157.67
+16.79%
15.09%SEK 181.00SEK 125.00SEK 143.743
Jan ’26SEK 131.70
SEK 156.33
+18.70%
15.50%SEK 184.00SEK 125.00SEK 146.103
Dec ’25SEK 124.70
SEK 156.33
+25.37%
15.50%SEK 184.00SEK 125.00SEK 140.003
Nov ’25SEK 123.40
SEK 156.33
+26.69%
15.50%SEK 184.00SEK 125.00SEK 139.003
Oct ’25SEK 120.20
SEK 155.00
+28.95%
14.66%SEK 180.00SEK 125.00SEK 118.003
Sep ’25SEK 127.90
SEK 155.00
+21.19%
14.66%SEK 180.00SEK 125.00SEK 137.653
Aug ’25SEK 126.70
SEK 155.00
+22.34%
14.66%SEK 180.00SEK 125.00SEK 130.903
Jul ’25SEK 136.90
SEK 151.67
+10.79%
12.72%SEK 170.00SEK 125.00SEK 122.303
Jun ’25SEK 135.00
SEK 146.67
+8.65%
10.54%SEK 160.00SEK 125.00SEK 121.203
May ’25SEK 131.56
SEK 146.67
+11.49%
10.54%SEK 160.00SEK 125.00SEK 119.383
Apr ’25SEK 115.80
SEK 123.33
+6.51%
1.91%SEK 125.00SEK 120.00SEK 121.703
Mar ’25SEK 103.62
SEK 117.50
+13.40%
6.38%SEK 125.00SEK 110.00SEK 136.602
SEK 171.23
Fair Value
8.6% undervalued intrinsic discount
3
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 Analysis2026/03/04 10:01
End of Day Share Price 2026/03/04 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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 5 analysts. 4 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