Freemelt Holding AB (publ)

OM:FREEM Stock Report

Market Cap: SEK 119.6m

Freemelt Holding Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: FREEM (SEK1.97) is trading below our estimate of fair value (SEK18.19)

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

Key Valuation Metric

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

Key metric: As FREEM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FREEM. This is calculated by dividing FREEM's market cap by their current revenue.
What is FREEM's PS Ratio?
PS Ratio2.5x
SalesSEK 54.04m
Market CapSEK 119.63m

Price to Sales Ratio vs Peers

How does FREEM's PS Ratio compare to its peers?

The above table shows the PS ratio for FREEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.3x
ENVI B Envirologic
2.4xn/aSEK 151.5m
NOTEK Norditek Group
1.6xn/aSEK 124.6m
ENRAD Enrad
4x35.0%SEK 186.8m
FLEXQ FlexQube
1xn/aSEK 114.7m
FREEM Freemelt Holding
2.5x41.6%SEK 119.6m

Price-To-Sales vs Peers: FREEM is expensive based on its Price-To-Sales Ratio (2.5x) compared to the peer average (2.3x).

Price to Sales Ratio vs Industry

How does FREEM's PS Ratio compare vs other companies in the SE Machinery Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
AGES B AGES Industri
0.3xn/aUS$42.51m
LYGRD Lyckegård Group
0.3xn/aUS$5.99m
EASY B EasyFill AB (publ.)
0.4xn/aUS$3.10m
NFGAB Nordic Flanges Group
0.1xn/aUS$2.83m
FREEM 2.5xIndustry Avg. 1.6xNo. of Companies9PS01.63.24.86.48+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FREEM is expensive based on its Price-To-Sales Ratio (2.5x) compared to the Swedish Machinery industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is FREEM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FREEM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.5x
Fair PS Ratio9x

Price-To-Sales vs Fair Ratio: FREEM is good value based on its Price-To-Sales Ratio (2.5x) compared to the estimated Fair Price-To-Sales Ratio (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 FREEM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 1.97
SEK 5.00
+153.8%
40.0%SEK 7.00SEK 3.00n/a2
Nov ’25SEK 1.89
SEK 7.25
+283.6%
37.9%SEK 10.00SEK 4.50n/a2
Oct ’25SEK 2.46
SEK 7.25
+194.7%
37.9%SEK 10.00SEK 4.50n/a2
Sep ’25SEK 2.80
SEK 7.25
+158.9%
37.9%SEK 10.00SEK 4.50n/a2
Aug ’25SEK 3.84
SEK 7.50
+95.3%
33.3%SEK 10.00SEK 5.00n/a2
Jul ’25SEK 3.24
SEK 7.50
+131.5%
33.3%SEK 10.00SEK 5.00n/a2
Jun ’25SEK 2.28
SEK 7.75
+239.9%
29.0%SEK 10.00SEK 5.50n/a2
May ’25SEK 3.01
SEK 10.25
+240.5%
46.3%SEK 15.00SEK 5.50n/a2
Apr ’25SEK 4.73
SEK 10.25
+116.7%
46.3%SEK 15.00SEK 5.50n/a2
Mar ’25SEK 6.22
SEK 11.25
+80.9%
33.3%SEK 15.00SEK 7.50n/a2
Feb ’25SEK 5.56
SEK 11.50
+106.8%
30.4%SEK 15.00SEK 8.00n/a2
Jan ’25SEK 6.84
SEK 11.50
+68.1%
30.4%SEK 15.00SEK 8.00n/a2
Dec ’24SEK 5.46
SEK 11.50
+110.6%
30.4%SEK 15.00SEK 8.00n/a2
Nov ’24SEK 7.56
SEK 12.50
+65.3%
20.0%SEK 15.00SEK 10.00SEK 1.892
Oct ’24SEK 4.37
SEK 12.50
+186.0%
20.0%SEK 15.00SEK 10.00SEK 2.462
Sep ’24SEK 5.76
SEK 12.50
+117.0%
20.0%SEK 15.00SEK 10.00SEK 2.802
Aug ’24SEK 6.72
SEK 13.00
+93.5%
15.4%SEK 15.00SEK 11.00SEK 3.842
Jul ’24SEK 6.20
SEK 13.00
+109.7%
15.4%SEK 15.00SEK 11.00SEK 3.242
Jun ’24SEK 7.02
SEK 13.00
+85.2%
15.4%SEK 15.00SEK 11.00SEK 2.282
May ’24SEK 8.94
SEK 13.00
+45.4%
15.4%SEK 15.00SEK 11.00SEK 3.012
Apr ’24SEK 9.00
SEK 13.00
+44.4%
15.4%SEK 15.00SEK 11.00SEK 4.732
Mar ’24SEK 8.20
SEK 13.00
+58.5%
15.4%SEK 15.00SEK 11.00SEK 6.222
Feb ’24SEK 6.74
SEK 13.00
+92.9%
15.4%SEK 15.00SEK 11.00SEK 5.562
Jan ’24SEK 7.80
SEK 13.00
+66.7%
15.4%SEK 15.00SEK 11.00SEK 6.842
Dec ’23SEK 7.16
SEK 13.00
+81.6%
15.4%SEK 15.00SEK 11.00SEK 5.462
Nov ’23SEK 8.70
SEK 14.00
+60.9%
7.1%SEK 15.00SEK 13.00SEK 7.562

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.

Discover undervalued companies

NCC

SEK 15.8b

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

NCC B

SEK 159.90

7D

-0.2%

1Y

39.5%

Inission

SEK 753.3m

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 34.00

7D

-0.6%

1Y

-34.0%

Vestum

SEK 3.9b

Engages in the infrastructure, water, and service businesses in Sweden and internationally.

VESTUM

SEK 10.26

7D

0%

1Y

150.6%