Hanza AB (publ)

BATS-CHIXE:HANZAS Stock Report

Market Cap: SEK 3.3b

Hanza Valuation

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

Below Fair Value: HANZAS (SEK76.68) is trading below our estimate of fair value (SEK148.22)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HANZAS. This is calculated by dividing HANZAS's market cap by their current earnings.
What is HANZAS's PE Ratio?
PE Ratio26.4x
EarningsSEK 127.00m
Market CapSEK 3.35b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HANZAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.5x
GHH Gooch & Housego
39.9x33.5%UK£130.6m
MIDW Midwich Group
13.1x-5.6%UK£293.6m
BIG Big Technologies
32x26.9%UK£400.3m
SPSY Spectra Systems
21x8.1%UK£111.9m
HANZAS Hanza
26.4x34.5%SEK 3.3b

Price-To-Earnings vs Peers: HANZAS is good value based on its Price-To-Earnings Ratio (26.4x) compared to the peer average (26.9x).

Price to Earnings Ratio vs Industry

How does HANZAS's PE Ratio compare vs other companies in the European Electronic Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies14PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HANZAS is expensive based on its Price-To-Earnings Ratio (26.4x) compared to the European Electronic industry average (19.1x).

Price to Earnings Ratio vs Fair Ratio

What is HANZAS'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.

HANZAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HANZAS'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 HANZAS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 76.68
SEK 81.88
+6.8%
10.0%SEK 95.00SEK 73.50n/a4
Dec ’25n/a
SEK 80.13
0%
10.8%SEK 95.00SEK 73.50n/a4
Nov ’25n/a
SEK 80.13
0%
10.8%SEK 95.00SEK 73.50n/a4
Oct ’25n/a
SEK 79.13
0%
11.9%SEK 95.00SEK 71.50n/a4
Sep ’25n/a
SEK 82.25
0%
12.7%SEK 100.00SEK 73.00n/a4
Aug ’25n/a
SEK 82.25
0%
12.7%SEK 100.00SEK 73.00n/a4
Jul ’25n/a
SEK 86.25
0%
11.8%SEK 100.00SEK 73.00n/a4
Jun ’25n/a
SEK 80.00
0%
21.2%SEK 100.00SEK 56.00n/a4
May ’25n/a
SEK 87.75
0%
16.4%SEK 105.00SEK 65.00n/a4
Apr ’25n/a
SEK 100.00
0%
8.2%SEK 110.00SEK 90.00n/a3
Mar ’25n/a
SEK 100.00
0%
8.2%SEK 110.00SEK 90.00n/a3
Feb ’25n/a
SEK 102.33
0%
9.3%SEK 115.00SEK 92.00n/a3
Jan ’25n/a
SEK 102.33
0%
9.3%SEK 115.00SEK 92.00SEK 76.683
Dec ’24n/a
SEK 91.67
0%
10.6%SEK 105.00SEK 82.00n/a3
Nov ’24n/a
SEK 100.00
0%
7.5%SEK 110.00SEK 92.00n/a3
Oct ’24n/a
SEK 100.00
0%
7.5%SEK 110.00SEK 92.00n/a3
Sep ’24n/a
SEK 100.00
0%
7.5%SEK 110.00SEK 92.00n/a3
Aug ’24n/a
SEK 100.00
0%
7.5%SEK 110.00SEK 92.00n/a3
Jul ’24n/a
SEK 87.33
0%
17.4%SEK 100.00SEK 66.00n/a3
Jun ’24n/a
SEK 87.33
0%
17.4%SEK 100.00SEK 66.00n/a3
May ’24n/a
SEK 72.47
0%
12.2%SEK 85.00SEK 66.00n/a3
Apr ’24n/a
SEK 72.47
0%
12.2%SEK 85.00SEK 66.00n/a3
Mar ’24n/a
SEK 66.20
0%
0.3%SEK 66.40SEK 66.00n/a2
Feb ’24n/a
SEK 56.00
0%
1.8%SEK 57.00SEK 55.00n/a2
Jan ’24n/a
SEK 56.00
0%
1.8%SEK 57.00SEK 55.00n/a2

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 14:03
End of Day Share Price 2024/12/27 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

Hanza AB (publ) is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adrian Gilani GöranssonABG Sundal Collier Sponsored
Niklas ElmhammerCarlsquare AB
Johan WettergrenCarnegie Commissioned Research