Clas Ohlson Valuation

Q: What is the Fair Price of 0GQE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

0GQE (SEK196.72) is trading below our estimate of [[fair value]] (SEK498.72)

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: 0GQE (SEK196.72) is trading below our estimate of fair value (SEK498.72)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0GQE. This is calculated by dividing 0GQE's market cap by their current earnings.
What is 0GQE's PE Ratio?
PE Ratio	18.3x
Earnings	SEK 680.80m
Market Cap	SEK 12.48b

0GQE 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/Revenue	1.3x
Enterprise Value/EBITDA	12.6x
PEG Ratio	2.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0GQE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	50.1x
VIC Victorian Plumbing Group	30.7x	36.2%	UK£371.3m
WIX Wickes Group	11.6x	12.6%	UK£354.9m
KGF Kingfisher	13.2x	10.4%	UK£4.5b
TPT Topps Tiles	145x	60.3%	UK£76.7m
0GQE Clas Ohlson	18.3x	7.0%	SEK 12.5b

Price-To-Earnings vs Peers: 0GQE is good value based on its Price-To-Earnings Ratio (18.3x) compared to the peer average (50.1x).

Price to Earnings Ratio vs Industry

How does 0GQE's PE Ratio compare vs other companies in the GB Specialty Retail Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
WRKS TheWorks.co.uk	2.1x	n/a	US$16.82m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 0GQE is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the UK Specialty Retail industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0GQE'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.

0GQE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.3x
Fair PE Ratio	14.3x

Price-To-Earnings vs Fair Ratio: 0GQE is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).

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 0GQE forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	SEK 196.72	SEK 202.50 +2.9%	3.7%	SEK 210.00	SEK 195.00	n/a	2
Nov ’25	SEK 177.86	SEK 192.50 +8.2%	1.3%	SEK 195.00	SEK 190.00	n/a	2
Oct ’25	SEK 161.70	SEK 192.50 +19.0%	1.3%	SEK 195.00	SEK 190.00	n/a	2
Sep ’25	SEK 174.20	SEK 192.50 +10.5%	1.3%	SEK 195.00	SEK 190.00	n/a	2
Aug ’25	SEK 167.60	SEK 192.50 +14.9%	1.3%	SEK 195.00	SEK 190.00	n/a	2
Jul ’25	SEK 177.80	SEK 192.50 +8.3%	1.3%	SEK 195.00	SEK 190.00	n/a	2

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

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