HAKI Safety Valuation

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

HAKI A (SEK27) is trading below our estimate of [[fair value]] (SEK90.45)

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

Below Fair Value: HAKI A (SEK27) is trading below our estimate of fair value (SEK90.45)

Significantly Below Fair Value: HAKI 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 HAKI A?

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

The above table shows the Price to Earnings ratio for HAKI A. This is calculated by dividing HAKI A's market cap by their current earnings.
What is HAKI A's PE Ratio?
PE Ratio	18.3x
Earnings	SEK 38.00m
Market Cap	SEK 709.50m

HAKI A 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	1x
Enterprise Value/EBITDA	6.1x
PEG Ratio	0.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HAKI A 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	47.4x
KARNEL B Karnell Group	39.9x	n/a	SEK 2.3b
IDUN B Idun Industrier	87.6x	16.7%	SEK 3.2b
VOLO Volati	37.1x	38.0%	SEK 7.5b
NOLA B Nolato	25.1x	18.7%	SEK 14.3b
HAKI A HAKI Safety	18.3x	35.7%	SEK 709.5m

Price-To-Earnings vs Peers: HAKI A is good value based on its Price-To-Earnings Ratio (18.3x) compared to the peer average (47.4x).

Price to Earnings Ratio vs Industry

How does HAKI A's PE Ratio compare vs other companies in the European Industrials Industry?

4 Companies	Price / Earnings	Estimated Growth	Market Cap

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: HAKI A is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the European Industrials industry average (16.8x).

Price to Earnings Ratio vs Fair Ratio

What is HAKI 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.

HAKI A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.3x
Fair PE Ratio	27x

Price-To-Earnings vs Fair Ratio: HAKI A is good value based on its Price-To-Earnings Ratio (18.3x) compared to the estimated Fair Price-To-Earnings Ratio (27x).

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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