engcon AB (publ)

OM:ENGCON B Stock Report

Market Cap: SEK 15.6b

engcon Valuation

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

Below Fair Value: ENGCON B (SEK104.6) is trading above our estimate of fair value (SEK97.29)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ENGCON B. This is calculated by dividing ENGCON B's market cap by their current earnings.
What is ENGCON B's PE Ratio?
PE Ratio90x
EarningsSEK 173.10m
Market CapSEK 15.57b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ENGCON B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.8x
VBG B VBG Group
12.9x2.3%SEK 7.8b
EPI A Epiroc
27.1x11.5%SEK 225.5b
TROAX Troax Group
36.7x21.4%SEK 13.7b
VOLV B AB Volvo
10.6x0.8%SEK 546.4b
ENGCON B engcon
91.7x42.1%SEK 15.6b

Price-To-Earnings vs Peers: ENGCON B is expensive based on its Price-To-Earnings Ratio (91.7x) compared to the peer average (21.8x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
ENGCON B 90.0xIndustry Avg. 26.4xNo. of Companies5PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ENGCON B is expensive based on its Price-To-Earnings Ratio (91.7x) compared to the Swedish Machinery industry average (26.4x).

Price to Earnings Ratio vs Fair Ratio

What is ENGCON 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.

ENGCON B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio90x
Fair PE Ratio41.9x

Price-To-Earnings vs Fair Ratio: ENGCON B is expensive based on its Price-To-Earnings Ratio (91.7x) compared to the estimated Fair Price-To-Earnings Ratio (41.9x).

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 ENGCON B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 104.60
SEK 108.33
+3.6%
5.8%SEK 115.00SEK 100.00n/a3
Dec ’25SEK 115.00
SEK 108.33
-5.8%
5.8%SEK 115.00SEK 100.00n/a3
Nov ’25SEK 120.40
SEK 106.67
-11.4%
8.0%SEK 115.00SEK 95.00n/a3
Oct ’25SEK 115.00
SEK 105.00
-8.7%
9.5%SEK 115.00SEK 95.00n/a2
Sep ’25SEK 120.80
SEK 105.00
-13.1%
9.5%SEK 115.00SEK 95.00n/a2
Aug ’25SEK 103.80
SEK 100.00
-3.7%
15.0%SEK 115.00SEK 85.00n/a2
Jul ’25SEK 90.30
SEK 96.00
+6.3%
9.4%SEK 105.00SEK 87.00n/a2
Jun ’25SEK 94.90
SEK 90.50
-4.6%
16.0%SEK 105.00SEK 76.00n/a2
May ’25SEK 91.20
SEK 90.50
-0.8%
16.0%SEK 105.00SEK 76.00n/a2
Apr ’25SEK 84.05
SEK 85.33
+1.5%
16.3%SEK 105.00SEK 75.00n/a3
Mar ’25SEK 79.30
SEK 75.50
-4.8%
0.7%SEK 76.00SEK 75.00n/a2
Feb ’25SEK 87.10
SEK 75.00
-13.9%
1.3%SEK 76.00SEK 74.00n/a2

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 Analysis2024/12/30 17:36
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

engcon AB (publ) is covered by 2 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
Simon JonssonBerenberg
Agnieszka VilelaNordea Markets