Holmen AB (publ)

LSE:0XS9 Stock Report

Market Cap: SEK 67.6b

Holmen Valuation

Is 0XS9 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 0XS9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0XS9 (SEK428) is trading below our estimate of fair value (SEK528.63)

Significantly Below Fair Value: 0XS9 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0XS9?

Other financial metrics that can be useful for relative valuation.

0XS9 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.1x
Enterprise Value/EBITDA16.2x
PEG Ratio2.4x

Price to Earnings Ratio vs Peers

How does 0XS9's PE Ratio compare to its peers?

The above table shows the PE ratio for 0XS9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.1x
MNDI Mondi
18.8x17.0%UK£6.2b
SMDS DS Smith
16.8x8.8%UK£6.5b
CRDA Croda International
33.6x16.3%UK£5.5b
FRES Fresnillo
23.2x28.9%UK£4.3b
0XS9 Holmen
23.2x9.8%SEK 67.6b

Price-To-Earnings vs Peers: 0XS9 is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the peer average (23.1x).

Price to Earnings Ratio vs Industry

How does 0XS9's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.1%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.1%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 0XS9 is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the European Forestry industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0XS9'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.

0XS9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.2x
Fair PE Ratio16.5x

Price-To-Earnings vs Fair Ratio: 0XS9 is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the estimated Fair Price-To-Earnings Ratio (16.5x).

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 0XS9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 428.00
SEK 435.00
+1.6%
6.1%SEK 476.00SEK 390.00n/a8
Sep ’25SEK 420.46
SEK 433.75
+3.2%
6.2%SEK 476.00SEK 390.00n/a8
Aug ’25SEK 414.00
SEK 428.17
+3.4%
5.1%SEK 460.00SEK 400.00n/a6
Jul ’25SEK 417.20
SEK 430.67
+3.2%
5.2%SEK 455.00SEK 400.00n/a6
Jun ’25SEK 439.40
SEK 434.60
-1.1%
5.4%SEK 455.00SEK 393.00n/a5
May ’25SEK 427.77
SEK 434.60
+1.6%
5.4%SEK 455.00SEK 393.00n/a5
Apr ’25SEK 435.90
SEK 414.60
-4.9%
7.1%SEK 450.00SEK 370.00n/a5
Mar ’25SEK 414.50
SEK 408.25
-1.5%
7.3%SEK 450.00SEK 370.00n/a4
Feb ’25SEK 403.97
SEK 412.50
+2.1%
6.9%SEK 450.00SEK 370.00n/a4
Jan ’25SEK 426.64
SEK 418.75
-1.8%
9.0%SEK 470.00SEK 370.00n/a4
Dec ’24SEK 445.60
SEK 432.75
-2.9%
12.6%SEK 520.00SEK 376.00n/a4
Nov ’24SEK 419.99
SEK 429.00
+2.1%
12.8%SEK 520.00SEK 376.00n/a4
Oct ’24SEK 427.60
SEK 430.00
+0.6%
12.5%SEK 520.00SEK 380.00n/a4
Sep ’24SEK 415.90
SEK 428.00
+2.9%
11.3%SEK 520.00SEK 380.00SEK 420.465
Aug ’24SEK 408.08
SEK 443.60
+8.7%
10.2%SEK 520.00SEK 385.00SEK 414.005
Jul ’24SEK 387.58
SEK 448.00
+15.6%
9.5%SEK 520.00SEK 385.00SEK 417.206
Jun ’24SEK 411.65
SEK 449.67
+9.2%
9.6%SEK 520.00SEK 385.00SEK 439.406
May ’24SEK 400.68
SEK 456.33
+13.9%
7.6%SEK 520.00SEK 420.00SEK 427.776
Apr ’24SEK 399.69
SEK 464.67
+16.3%
8.6%SEK 520.00SEK 420.00SEK 435.906
Mar ’24SEK 427.11
SEK 464.67
+8.8%
8.6%SEK 520.00SEK 420.00SEK 414.506
Feb ’24SEK 442.00
SEK 453.33
+2.6%
11.5%SEK 520.00SEK 380.00SEK 403.976
Jan ’24SEK 419.35
SEK 448.33
+6.9%
11.1%SEK 520.00SEK 380.00SEK 426.646
Dec ’23SEK 425.57
SEK 448.33
+5.3%
11.1%SEK 520.00SEK 380.00SEK 445.606
Nov ’23SEK 404.81
SEK 446.00
+10.2%
12.2%SEK 520.00SEK 380.00SEK 419.995
Oct ’23SEK 424.50
SEK 467.00
+10.0%
7.8%SEK 520.00SEK 425.00SEK 427.605
Sep ’23SEK 454.90
SEK 463.00
+1.8%
6.7%SEK 500.00SEK 425.00SEK 415.905

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y