ASSA ABLOY Valuation

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

ASSA B (SEK301.7) is trading below our estimate of [[fair value]] (SEK449.51)

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: ASSA B (SEK301.7) is trading below our estimate of fair value (SEK449.51)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ASSA B. This is calculated by dividing ASSA B's market cap by their current preferred multiple.
What is ASSA B's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	SEK 335.12b

ASSA B 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	2.7x
Enterprise Value/EBITDA	14.6x
PEG Ratio	2.3x

Price to Earnings Ratio vs Peers

How does ASSA B's PE Ratio compare to its peers?

The above table shows the PE ratio for ASSA B 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	31.8x
NIBE B NIBE Industrier	32.8x	29.5%	SEK 87.3b
MTRS Munters Group	44.4x	27.9%	SEK 38.3b
LIAB Lindab International	25.5x	25.7%	SEK 19.4b
SYSR Systemair	24.5x	13.4%	SEK 15.8b
ASSA B ASSA ABLOY	22.8x	9.7%	SEK 335.1b

Price-To-Earnings vs Peers: ASSA B is good value based on its Price-To-Earnings Ratio (22.8x) compared to the peer average (31.8x).

Price to Earnings Ratio vs Industry

How does ASSA B's PE Ratio compare vs other companies in the European Building Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	15.7%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	15.7%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: ASSA B is expensive based on its Price-To-Earnings Ratio (22.8x) compared to the European Building industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is ASSA B'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.

ASSA B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	22.8x
Fair PE Ratio	27.7x

Price-To-Earnings vs Fair Ratio: ASSA B is good value based on its Price-To-Earnings Ratio (22.8x) compared to the estimated Fair Price-To-Earnings Ratio (27.7x).

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 ASSA B 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 301.70	SEK 331.47 +9.9%	8.3%	SEK 373.00	SEK 280.00	n/a	19
Jul ’25	SEK 300.30	SEK 327.05 +8.9%	8.5%	SEK 373.00	SEK 275.00	n/a	20
Jun ’25	SEK 307.20	SEK 321.32 +4.6%	9.7%	SEK 373.00	SEK 275.00	n/a	19
May ’25	SEK 295.00	SEK 318.33 +7.9%	9.7%	SEK 361.00	SEK 275.00	n/a	18
Apr ’25	SEK 307.10	SEK 311.11 +1.3%	10.7%	SEK 361.00	SEK 265.00	n/a	19
Mar ’25	SEK 294.50	SEK 305.20 +3.6%	9.4%	SEK 360.00	SEK 255.00	n/a	20
Feb ’25	SEK 287.00	SEK 298.21 +3.9%	11.5%	SEK 360.00	SEK 225.00	n/a	19
Jan ’25	SEK 290.30	SEK 285.89 -1.5%	11.1%	SEK 340.00	SEK 225.00	n/a	18
Dec ’24	SEK 269.90	SEK 283.17 +4.9%	11.1%	SEK 340.00	SEK 225.00	n/a	18
Nov ’24	SEK 239.70	SEK 280.33 +17.0%	10.5%	SEK 327.00	SEK 225.00	n/a	18
Oct ’24	SEK 238.20	SEK 281.55 +18.2%	9.7%	SEK 330.00	SEK 230.00	n/a	20
Sep ’24	SEK 248.20	SEK 281.38 +13.4%	10.4%	SEK 330.00	SEK 220.00	n/a	21
Aug ’24	SEK 253.30	SEK 281.43 +11.1%	10.4%	SEK 330.00	SEK 220.00	SEK 313.90	21
Jul ’24	SEK 259.00	SEK 276.55 +6.8%	10.6%	SEK 335.00	SEK 220.00	SEK 300.30	22
Jun ’24	SEK 243.70	SEK 271.64 +11.5%	10.4%	SEK 325.00	SEK 220.00	SEK 307.20	22
May ’24	SEK 243.90	SEK 273.00 +11.9%	10.1%	SEK 325.00	SEK 220.00	SEK 295.00	22
Apr ’24	SEK 248.30	SEK 276.33 +11.3%	8.4%	SEK 320.00	SEK 230.00	SEK 307.10	21
Mar ’24	SEK 253.70	SEK 276.38 +8.9%	7.7%	SEK 320.00	SEK 250.00	SEK 294.50	21
Feb ’24	SEK 248.60	SEK 265.19 +6.7%	6.8%	SEK 302.00	SEK 240.00	SEK 287.00	21
Jan ’24	SEK 223.70	SEK 262.35 +17.3%	7.1%	SEK 300.00	SEK 228.00	SEK 290.30	23
Dec ’23	SEK 241.90	SEK 261.48 +8.1%	7.5%	SEK 300.00	SEK 228.00	SEK 269.90	23
Nov ’23	SEK 222.70	SEK 263.00 +18.1%	9.0%	SEK 315.00	SEK 220.00	SEK 239.70	23
Oct ’23	SEK 209.70	SEK 264.23 +26.0%	9.5%	SEK 315.00	SEK 212.00	SEK 238.20	22
Sep ’23	SEK 210.50	SEK 267.30 +27.0%	9.4%	SEK 315.00	SEK 212.00	SEK 248.20	23
Aug ’23	SEK 237.60	SEK 271.43 +14.2%	9.4%	SEK 315.00	SEK 212.00	SEK 253.30	23

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