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Concentric Valuation

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

COIC (SEK229) is trading below our estimate of [[fair value]] (SEK407.53)

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

Below Fair Value: COIC (SEK229) is trading below our estimate of fair value (SEK407.53)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for COIC. This is calculated by dividing COIC's market cap by their current earnings.
What is COIC's PE Ratio?
PE Ratio	29.8x
Earnings	SEK 285.00m
Market Cap	SEK 8.50b

COIC 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	2.3x
Enterprise Value/EBITDA	17.8x
PEG Ratio	1.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for COIC 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	41.4x
VBG B VBG Group	12x	2.3%	SEK 7.3b
ENGCON B engcon	102.9x	42.1%	SEK 17.8b
EPI A Epiroc	27.4x	11.4%	SEK 229.1b
ALIG Alimak Group	23.1x	17.2%	SEK 12.7b
COIC Concentric	29.8x	24.4%	SEK 8.5b

Price-To-Earnings vs Peers: COIC is good value based on its Price-To-Earnings Ratio (29.8x) compared to the peer average (45.2x).

Price to Earnings Ratio vs Industry

How does COIC's PE Ratio compare vs other companies in the SE Machinery Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: COIC is expensive based on its Price-To-Earnings Ratio (29.8x) compared to the Swedish Machinery industry average (28.2x).

Price to Earnings Ratio vs Fair Ratio

What is COIC'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.

COIC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	29.8x
Fair PE Ratio	31.6x

Price-To-Earnings vs Fair Ratio: COIC is good value based on its Price-To-Earnings Ratio (29.8x) compared to the estimated Fair Price-To-Earnings Ratio (31.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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