Fasadgruppen Group Valuation

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

FG (SEK59.4) is trading below our estimate of [[fair value]] (SEK205.78)

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

Below Fair Value: FG (SEK59.4) is trading below our estimate of fair value (SEK205.78)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for FG. This is calculated by dividing FG's market cap by their current preferred multiple.
What is FG's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	SEK 2.94b

FG 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	0.9x
Enterprise Value/EBITDA	10.3x
PEG Ratio	0.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FG 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	72.5x
VESTUM Vestum	125.2x	73.5%	SEK 3.5b
NORB B Nordisk Bergteknik	95x	62.3%	SEK 921.5m
TRAIN B Train Alliance	41.1x	n/a	SEK 1.4b
BYGGP ByggPartner Gruppen	28.7x	n/a	SEK 773.1m
FG Fasadgruppen Group	16.3x	36.8%	SEK 2.9b

Price-To-Earnings vs Peers: FG is good value based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (72.5x).

Price to Earnings Ratio vs Industry

How does FG's PE Ratio compare vs other companies in the European Construction Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	19.2%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	19.2%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: FG is expensive based on its Price-To-Earnings Ratio (16.3x) compared to the European Construction industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is FG'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.

FG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	16.3x
Fair PE Ratio	33.5x

Price-To-Earnings vs Fair Ratio: FG is good value based on its Price-To-Earnings Ratio (16.3x) compared to the estimated Fair Price-To-Earnings Ratio (33.5x).

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 FG 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 59.40	SEK 92.00 +54.9%	10.9%	SEK 102.00	SEK 82.00	n/a	2
Jul ’25	SEK 62.90	SEK 92.00 +46.3%	10.9%	SEK 102.00	SEK 82.00	n/a	2
Jun ’25	SEK 71.10	SEK 93.50 +31.5%	9.1%	SEK 102.00	SEK 85.00	n/a	2
May ’25	SEK 68.70	SEK 105.50 +53.6%	19.4%	SEK 126.00	SEK 85.00	n/a	2
Apr ’25	SEK 72.70	SEK 97.50 +34.1%	29.2%	SEK 126.00	SEK 69.00	n/a	2
Mar ’25	SEK 61.40	SEK 97.50 +58.8%	29.2%	SEK 126.00	SEK 69.00	n/a	2
Feb ’25	SEK 65.10	SEK 94.50 +45.2%	31.2%	SEK 124.00	SEK 65.00	n/a	2
Jan ’25	SEK 70.30	SEK 93.50 +33.0%	30.5%	SEK 122.00	SEK 65.00	n/a	2
Dec ’24	SEK 55.00	SEK 93.50 +70.0%	30.5%	SEK 122.00	SEK 65.00	n/a	2
Nov ’24	SEK 45.20	SEK 123.50 +173.2%	15.0%	SEK 142.00	SEK 105.00	n/a	2
Oct ’24	SEK 57.60	SEK 123.50 +114.4%	15.0%	SEK 142.00	SEK 105.00	n/a	2
Sep ’24	SEK 65.30	SEK 123.50 +89.1%	15.0%	SEK 142.00	SEK 105.00	n/a	2
Aug ’24	SEK 82.50	SEK 167.50 +103.0%	22.4%	SEK 205.00	SEK 130.00	SEK 63.00	2
Jul ’24	SEK 84.80	SEK 167.50 +97.5%	22.4%	SEK 205.00	SEK 130.00	SEK 62.90	2
Jun ’24	SEK 86.10	SEK 167.50 +94.5%	22.4%	SEK 205.00	SEK 130.00	SEK 71.10	2
May ’24	SEK 85.40	SEK 141.00 +65.1%	11.3%	SEK 157.00	SEK 125.00	SEK 68.70	2
Apr ’24	SEK 103.60	SEK 141.50 +36.6%	11.7%	SEK 158.00	SEK 125.00	SEK 72.70	2
Mar ’24	SEK 105.00	SEK 141.50 +34.8%	11.7%	SEK 158.00	SEK 125.00	SEK 61.40	2
Feb ’24	SEK 111.20	SEK 138.50 +24.6%	13.4%	SEK 157.00	SEK 120.00	SEK 65.10	2
Jan ’24	SEK 105.80	SEK 138.50 +30.9%	13.4%	SEK 157.00	SEK 120.00	SEK 70.30	2
Dec ’23	SEK 91.30	SEK 138.50 +51.7%	13.4%	SEK 157.00	SEK 120.00	SEK 55.00	2
Nov ’23	SEK 88.80	SEK 148.50 +67.2%	25.9%	SEK 187.00	SEK 110.00	SEK 45.20	2
Oct ’23	SEK 86.10	SEK 163.50 +89.9%	14.4%	SEK 187.00	SEK 140.00	SEK 57.60	2
Sep ’23	SEK 98.00	SEK 163.50 +66.8%	14.4%	SEK 187.00	SEK 140.00	SEK 65.30	2
Aug ’23	SEK 91.30	SEK 161.00 +76.3%	13.0%	SEK 182.00	SEK 140.00	SEK 82.50	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.