Tomra Systems ASA

OB:TOM Stock Report

Market Cap: NOK 49.4b

Tomra Systems Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Discounted Cash Flow
Simply Wall St
NOK 42.26
Fair Value
295.2% overvalued intrinsic discount
7
Number of Analysts

Below Fair Value: TOM (NOK167) is trading above our estimate of fair value (NOK42.26)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TOM. This is calculated by dividing TOM's market cap by their current earnings.
What is TOM's PE Ratio?
PE Ratio45.5x
Earnings€93.00m
Market Cap€4.23b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TOM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.3x
AUTO AutoStore Holdings
23x10.1%NOK 33.9b
CAMBI Cambi
19.5x25.2%NOK 2.9b
AKER Aker
13.8xn/aNOK 43.6b
SCANA Scana
13x27.1%NOK 1.1b
TOM Tomra Systems
45.5x25.8%NOK 49.4b

Price-To-Earnings vs Peers: TOM is expensive based on its Price-To-Earnings Ratio (45.5x) compared to the peer average (17.3x).

Price to Earnings Ratio vs Industry

How does TOM's PE Ratio compare vs other companies in the European Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TOM 45.5xIndustry Avg. 18.9xNo. of Companies25PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TOM is expensive based on its Price-To-Earnings Ratio (45.5x) compared to the European Machinery industry average (18.9x).

Price to Earnings Ratio vs Fair Ratio

What is TOM'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.

TOM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.5x
Fair PE Ratio36.1x

Price-To-Earnings vs Fair Ratio: TOM is expensive based on its Price-To-Earnings Ratio (45.5x) compared to the estimated Fair Price-To-Earnings Ratio (36.1x).

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 TOM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 167.00
NOK 175.00
+4.8%
19.0%NOK 220.00NOK 120.00n/a7
Mar ’26NOK 168.30
NOK 172.50
+2.5%
18.5%NOK 220.00NOK 120.00n/a8
Feb ’26NOK 167.70
NOK 158.14
-5.7%
17.0%NOK 190.00NOK 100.00n/a7
Jan ’26NOK 146.60
NOK 152.43
+4.0%
14.5%NOK 170.00NOK 100.00n/a7
Dec ’25NOK 155.60
NOK 145.29
-6.6%
16.1%NOK 165.00NOK 100.00n/a7
Nov ’25NOK 156.30
NOK 144.86
-7.3%
16.1%NOK 165.00NOK 100.00n/a7
Oct ’25NOK 153.20
NOK 142.00
-7.3%
16.3%NOK 160.00NOK 95.00n/a7
Sep ’25NOK 164.10
NOK 133.17
-18.9%
15.8%NOK 155.00NOK 95.00n/a6
Aug ’25NOK 176.00
NOK 128.00
-27.3%
15.9%NOK 155.00NOK 95.00n/a6
Jul ’25NOK 131.60
NOK 116.33
-11.6%
10.4%NOK 130.00NOK 95.00n/a6
Jun ’25NOK 137.80
NOK 116.50
-15.5%
10.4%NOK 130.00NOK 95.00n/a6
May ’25NOK 137.70
NOK 116.50
-15.4%
10.4%NOK 130.00NOK 95.00n/a6
Apr ’25NOK 169.55
NOK 103.00
-39.3%
20.4%NOK 130.00NOK 75.00n/a7
Mar ’25NOK 132.45
NOK 100.88
-23.8%
22.4%NOK 130.00NOK 75.00NOK 168.308
Feb ’25NOK 105.65
NOK 89.88
-14.9%
20.3%NOK 121.00NOK 63.00NOK 167.708
Jan ’25NOK 123.45
NOK 87.55
-29.1%
19.0%NOK 121.00NOK 63.00NOK 146.608
Dec ’24NOK 110.00
NOK 87.55
-20.4%
19.0%NOK 121.00NOK 63.00NOK 155.608
Nov ’24NOK 87.22
NOK 98.80
+13.3%
25.0%NOK 153.00NOK 75.00NOK 156.308
Oct ’24NOK 122.15
NOK 154.25
+26.3%
11.5%NOK 175.00NOK 123.00NOK 153.208
Sep ’24NOK 142.30
NOK 154.25
+8.4%
11.5%NOK 175.00NOK 123.00NOK 164.108
Aug ’24NOK 155.80
NOK 160.75
+3.2%
13.4%NOK 205.00NOK 139.00NOK 176.008
Jul ’24NOK 172.50
NOK 161.38
-6.4%
13.6%NOK 205.00NOK 139.00NOK 131.608
Jun ’24NOK 174.85
NOK 161.00
-7.9%
13.9%NOK 205.00NOK 136.00NOK 137.808
May ’24NOK 163.00
NOK 165.86
+1.8%
13.5%NOK 205.00NOK 140.00NOK 137.707
Apr ’24NOK 176.00
NOK 170.67
-3.0%
12.7%NOK 205.00NOK 140.00NOK 169.556
Mar ’24NOK 164.04
NOK 164.20
+0.1%
10.0%NOK 185.00NOK 140.00NOK 132.455
Analyst Price Target
Consensus Narrative from 7 Analysts
NOK 175.00
Fair Value
4.6% undervalued intrinsic discount
7
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 Analysis2025/03/10 06:20
End of Day Share Price 2025/03/10 00:00
Earnings2024/12/31
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

Tomra Systems ASA is covered by 19 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Kenneth SivertsenArctic Securities ASA
Gaurav JainBarclays