Epiroc AB (publ)

OM:EPI A Stock Report

Market Cap: SEK 229.1b

Epiroc Valuation

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

Below Fair Value: EPI A (SEK196) is trading below our estimate of fair value (SEK261.67)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EPI A. This is calculated by dividing EPI A's market cap by their current earnings.
What is EPI A's PE Ratio?
PE Ratio27.4x
EarningsSEK 8.63b
Market CapSEK 229.13b

Price to Earnings Ratio vs Peers

How does EPI A's PE Ratio compare to its peers?

The above table shows the PE ratio for EPI A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.6x
VOLV B AB Volvo
10.7x1.0%SEK 552.7b
ENGCON B engcon
102.9x42.1%SEK 17.8b
VBG B VBG Group
12x2.3%SEK 7.3b
SAND Sandvik
20.8x15.0%SEK 254.1b
EPI A Epiroc
27.4x11.4%SEK 229.1b

Price-To-Earnings vs Peers: EPI A is good value based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (36.6x).

Price to Earnings Ratio vs Industry

How does EPI A'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
EPI A 27.4xIndustry Avg. 24.7xNo. of Companies5PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EPI A is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the Swedish Machinery industry average (24.2x).

Price to Earnings Ratio vs Fair Ratio

What is EPI A'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.

EPI A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.4x
Fair PE Ratio28.3x

Price-To-Earnings vs Fair Ratio: EPI A is good value based on its Price-To-Earnings Ratio (27.4x) compared to the estimated Fair Price-To-Earnings Ratio (28.3x).

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 EPI A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 196.00
SEK 208.65
+6.5%
13.9%SEK 265.00SEK 165.00n/a20
Nov ’25SEK 208.80
SEK 208.65
-0.07%
13.9%SEK 265.00SEK 165.00n/a20
Oct ’25SEK 216.90
SEK 205.52
-5.2%
14.2%SEK 265.00SEK 165.00n/a21
Sep ’25SEK 197.80
SEK 204.79
+3.5%
14.0%SEK 265.00SEK 165.00n/a19
Aug ’25SEK 196.40
SEK 207.15
+5.5%
13.5%SEK 265.00SEK 165.00n/a20
Jul ’25SEK 209.20
SEK 204.95
-2.0%
14.4%SEK 270.00SEK 165.00n/a20
Jun ’25SEK 218.70
SEK 200.40
-8.4%
12.5%SEK 260.00SEK 165.00n/a20
May ’25SEK 206.80
SEK 198.75
-3.9%
12.6%SEK 260.00SEK 165.00n/a20
Apr ’25SEK 201.10
SEK 191.65
-4.7%
10.2%SEK 230.00SEK 160.00n/a17
Mar ’25SEK 190.90
SEK 192.28
+0.7%
10.2%SEK 230.00SEK 160.00n/a18
Feb ’25SEK 186.90
SEK 193.39
+3.5%
10.4%SEK 230.00SEK 160.00n/a18
Jan ’25SEK 202.20
SEK 199.61
-1.3%
11.1%SEK 230.00SEK 160.00n/a18
Dec ’24SEK 197.15
SEK 196.83
-0.2%
9.7%SEK 230.00SEK 156.00n/a18
Nov ’24SEK 182.95
SEK 199.33
+9.0%
10.9%SEK 245.00SEK 156.00SEK 208.8018
Oct ’24SEK 208.00
SEK 201.84
-3.0%
11.5%SEK 245.00SEK 156.00SEK 216.9019
Sep ’24SEK 211.00
SEK 204.47
-3.1%
11.3%SEK 245.00SEK 156.00SEK 197.8019
Aug ’24SEK 210.30
SEK 201.90
-4.0%
11.7%SEK 245.00SEK 156.00SEK 196.4021
Jul ’24SEK 203.90
SEK 199.43
-2.2%
13.0%SEK 250.00SEK 155.00SEK 209.2021
Jun ’24SEK 193.70
SEK 197.68
+2.1%
13.3%SEK 245.00SEK 153.00SEK 218.7022
May ’24SEK 205.00
SEK 195.05
-4.9%
14.3%SEK 245.00SEK 147.00SEK 206.8022
Apr ’24SEK 205.80
SEK 189.95
-7.7%
13.4%SEK 245.00SEK 135.00SEK 201.1022
Mar ’24SEK 203.30
SEK 189.50
-6.8%
13.5%SEK 245.00SEK 135.00SEK 190.9022
Feb ’24SEK 201.70
SEK 185.10
-8.2%
13.5%SEK 230.00SEK 135.00SEK 186.9021
Jan ’24SEK 189.85
SEK 178.24
-6.1%
14.4%SEK 220.00SEK 130.00SEK 202.2021
Dec ’23SEK 200.00
SEK 174.90
-12.5%
13.3%SEK 220.00SEK 130.00SEK 197.1521
Nov ’23SEK 170.75
SEK 173.81
+1.8%
13.1%SEK 220.00SEK 130.00SEK 182.9521

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

Discover undervalued companies

Inission

SEK 742.3m

Engages in the supply of tailored manufacturing services and products in the field of industrial electronics and mechanics in Sweden, Finland, Estonia, Norway, the United States, and internationally.

INISS B

SEK 33.50

7D

-3.2%

1Y

-35.6%

NCC

SEK 15.7b

Operates as a construction company in Sweden, Norway, Denmark, and Finland.

NCC B

SEK 160.40

7D

-0.5%

1Y

36.9%

Storskogen Group

SEK 16.2b

Owns and develops small and medium-sized businesses operating in services, trade, and industrial sectors.

STOR B

SEK 9.60

7D

-4.6%

1Y

23.1%