Mycronic AB (publ)

LSE:0MQG Stock Report

Market Cap: SEK 42.2b

Mycronic Valuation

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

SEK 212.52
Fair Value
2.3% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: 0MQG (SEK385) is trading above our estimate of fair value (SEK376.38)

Significantly Below Fair Value: 0MQG is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0MQG. This is calculated by dividing 0MQG's market cap by their current earnings.
What is 0MQG's PE Ratio?
PE Ratio24.2x
EarningsSEK 1.74b
Market CapSEK 42.18b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0MQG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46.9x
SXS Spectris
70.6x44.70%UK£4.1b
RSW Renishaw
30.4x16.05%UK£2.5b
OXIG Oxford Instruments
41x24.74%UK£1.1b
HLMA Halma
45.6x9.35%UK£13.5b
0MQG Mycronic
24.9x3.65%SEK 43.5b

Price-To-Earnings vs Peers: 0MQG is good value based on its Price-To-Earnings Ratio (24.2x) compared to the peer average (46.5x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0MQG 24.2xIndustry Avg. 25.7xNo. of Companies14PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0MQG is good value based on its Price-To-Earnings Ratio (24.2x) compared to the European Electronic industry average (25.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0MQG'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.

0MQG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.2x
Fair PE Ratio30.3x

Price-To-Earnings vs Fair Ratio: 0MQG is good value based on its Price-To-Earnings Ratio (24.2x) compared to the estimated Fair Price-To-Earnings Ratio (30.4x).

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 0MQG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 217.41
SEK 217.33
-0.035%
18.44%SEK 251.00SEK 161.00n/a3
Jul ’26SEK 201.14
SEK 214.30
+6.54%
8.73%SEK 233.00SEK 195.60n/a2
Jun ’26SEK 189.90
SEK 235.50
+24.01%
6.98%SEK 250.00SEK 212.50n/a3
May ’26SEK 189.93
SEK 247.17
+30.14%
1.00%SEK 250.00SEK 244.00n/a3
Apr ’26SEK 212.76
SEK 263.33
+23.77%
1.18%SEK 267.50SEK 260.00n/a3
Mar ’26SEK 228.24
SEK 263.75
+15.56%
1.42%SEK 267.50SEK 260.00n/a2
Feb ’26SEK 223.53
SEK 239.00
+6.92%
5.86%SEK 253.00SEK 225.00n/a2
Jan ’26SEK 199.07
SEK 234.75
+17.92%
5.22%SEK 247.00SEK 222.50n/a2
Dec ’25SEK 193.62
SEK 234.75
+21.25%
5.22%SEK 247.00SEK 222.50n/a2
Nov ’25SEK 205.15
SEK 238.50
+16.26%
3.56%SEK 247.00SEK 230.00SEK 223.102
Oct ’25SEK 195.52
SEK 237.50
+21.47%
3.16%SEK 245.00SEK 230.00SEK 212.872
Sep ’25SEK 187.54
SEK 237.50
+26.64%
3.16%SEK 245.00SEK 230.00SEK 211.942
Aug ’25SEK 184.87
SEK 237.50
+28.47%
3.16%SEK 245.00SEK 230.00SEK 207.872
Jul ’25SEK 201.85
SEK 220.00
+8.99%
6.82%SEK 235.00SEK 205.00SEK 201.142
Jun ’25SEK 205.06
SEK 210.00
+2.41%
11.90%SEK 235.00SEK 185.00SEK 189.902
May ’25SEK 192.00
SEK 210.00
+9.38%
11.90%SEK 235.00SEK 185.00SEK 189.932
Apr ’25SEK 189.00
SEK 205.00
+8.47%
14.63%SEK 235.00SEK 175.00SEK 212.762
SEK 218.75
Fair Value
0.6% 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 Analysis2025/11/04 21:38
End of Day Share Price 2025/11/04 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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

Mycronic AB (publ) is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nils SjogrenABG Sundal Collier Sponsored
Oliver WongBofA Global Research
Mikael LaséenCarnegie Investment Bank AB