Mycronic Valuation

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

Below Fair Value: MYCRS (SEK410.7) is trading below our estimate of fair value (SEK565.92)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MYCRS. This is calculated by dividing MYCRS's market cap by their current earnings.
What is MYCRS's PE Ratio?
PE Ratio	21.5x
Earnings	SEK 1.74b
Market Cap	SEK 37.38b

MYCRS 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	5x
Enterprise Value/EBITDA	15.5x
PEG Ratio	3.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MYCRS 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	22.6x
SXS Spectris	9x	-22.7%	UK£2.5b
RSW Renishaw	23.6x	12.2%	UK£2.3b
OXIG Oxford Instruments	22.4x	10.2%	UK£1.2b
HLMA Halma	35.5x	8.3%	UK£10.2b
MYCRS Mycronic	21.5x	5.6%	SEK 37.4b

Price-To-Earnings vs Peers: MYCRS is good value based on its Price-To-Earnings Ratio (21.5x) compared to the peer average (22.6x).

Price to Earnings Ratio vs Industry

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

5 Companies	Price / Earnings	Estimated Growth	Market Cap

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MYCRS is expensive based on its Price-To-Earnings Ratio (21.5x) compared to the European Electronic industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is MYCRS'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.

MYCRS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	21.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MYCRS'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 MYCRS 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	n/a	SEK 469.50 0%	5.2%	SEK 494.00	SEK 445.00	n/a	2
Nov ’25	SEK 410.70	SEK 477.00 +16.1%	3.6%	SEK 494.00	SEK 460.00	n/a	2
Oct ’25	n/a	SEK 475.00 0%	3.2%	SEK 490.00	SEK 460.00	n/a	2
Sep ’25	n/a	SEK 475.00 0%	3.2%	SEK 490.00	SEK 460.00	n/a	2
Aug ’25	n/a	SEK 475.00 0%	3.2%	SEK 490.00	SEK 460.00	n/a	2
Jul ’25	n/a	SEK 440.00 0%	6.8%	SEK 470.00	SEK 410.00	n/a	2
Jun ’25	n/a	SEK 420.00 0%	11.9%	SEK 470.00	SEK 370.00	n/a	2
May ’25	n/a	SEK 420.00 0%	11.9%	SEK 470.00	SEK 370.00	n/a	2
Apr ’25	n/a	SEK 410.00 0%	14.6%	SEK 470.00	SEK 350.00	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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