Hexatronic Group AB (publ)

OM:HTRO Stock Report

Market Cap: SEK 7.5b

Hexatronic Group Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: HTRO (SEK36.45) is trading below our estimate of fair value (SEK101.44)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HTRO. This is calculated by dividing HTRO's market cap by their current earnings.
What is HTRO's PE Ratio?
PE Ratio16.6x
EarningsSEK 451.00m
Market CapSEK 7.54b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HTRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43.3x
AQ AQ Group
20.1x7.4%SEK 12.9b
PLEJD Plejd
50.2x37.5%SEK 4.2b
FAG Fagerhult Group
25.3x24.4%SEK 10.3b
PSCAND Permascand Top Holding
77.6x70.7%SEK 1.0b
HTRO Hexatronic Group
16.6x34.7%SEK 7.5b

Price-To-Earnings vs Peers: HTRO is good value based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (43.3x).

Price to Earnings Ratio vs Industry

How does HTRO's PE Ratio compare vs other companies in the European Electrical Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HTRO 16.6xIndustry Avg. 17.0xNo. of Companies10PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HTRO is good value based on its Price-To-Earnings Ratio (16.6x) compared to the European Electrical industry average (17x).

Price to Earnings Ratio vs Fair Ratio

What is HTRO'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.

HTRO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.6x
Fair PE Ratio37.8x

Price-To-Earnings vs Fair Ratio: HTRO is good value based on its Price-To-Earnings Ratio (16.6x) compared to the estimated Fair Price-To-Earnings Ratio (37.8x).

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 HTRO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 36.45
SEK 65.00
+78.3%
11.5%SEK 75.00SEK 57.00n/a3
Nov ’25SEK 43.58
SEK 65.00
+49.2%
11.5%SEK 75.00SEK 57.00n/a3
Oct ’25SEK 49.36
SEK 75.33
+52.6%
16.9%SEK 90.00SEK 59.00n/a3
Sep ’25SEK 60.72
SEK 75.33
+24.1%
16.9%SEK 90.00SEK 59.00n/a3
Aug ’25SEK 61.46
SEK 75.33
+22.6%
16.9%SEK 90.00SEK 59.00n/a3
Jul ’25SEK 51.96
SEK 57.33
+10.3%
22.1%SEK 70.00SEK 40.00n/a3
Jun ’25SEK 44.62
SEK 45.67
+2.3%
14.6%SEK 55.00SEK 40.00n/a3
May ’25SEK 34.45
SEK 45.67
+32.6%
14.6%SEK 55.00SEK 40.00n/a3
Apr ’25SEK 32.92
SEK 47.67
+44.8%
11.0%SEK 55.00SEK 43.00n/a3
Mar ’25SEK 32.80
SEK 47.67
+45.3%
11.0%SEK 55.00SEK 43.00n/a3
Feb ’25SEK 21.28
SEK 43.00
+102.1%
33.6%SEK 62.00SEK 27.00n/a3
Jan ’25SEK 27.32
SEK 43.00
+57.4%
33.6%SEK 62.00SEK 27.00n/a3
Dec ’24SEK 20.49
SEK 43.67
+113.1%
31.4%SEK 62.00SEK 29.00n/a3
Nov ’24SEK 25.19
SEK 52.00
+106.4%
31.8%SEK 67.00SEK 29.00SEK 43.583
Oct ’24SEK 44.50
SEK 101.00
+127.0%
13.9%SEK 115.00SEK 87.00SEK 49.362
Sep ’24SEK 61.64
SEK 118.00
+91.4%
12.9%SEK 138.00SEK 101.00SEK 60.723
Aug ’24SEK 81.66
SEK 150.33
+84.1%
13.3%SEK 175.00SEK 126.00SEK 61.463
Jul ’24SEK 80.38
SEK 155.33
+93.2%
13.6%SEK 175.00SEK 126.00SEK 51.963
Jun ’24SEK 67.64
SEK 165.33
+144.4%
19.5%SEK 205.00SEK 126.00SEK 44.623
May ’24SEK 86.50
SEK 165.33
+91.1%
19.5%SEK 205.00SEK 126.00SEK 34.453
Apr ’24SEK 118.00
SEK 173.67
+47.2%
22.6%SEK 215.00SEK 121.00SEK 32.923
Mar ’24SEK 126.10
SEK 173.67
+37.7%
22.6%SEK 215.00SEK 121.00SEK 32.803
Feb ’24SEK 130.60
SEK 155.00
+18.7%
18.2%SEK 175.00SEK 115.00SEK 21.283
Jan ’24SEK 141.55
SEK 151.67
+7.1%
17.3%SEK 175.00SEK 115.00SEK 27.323
Dec ’23SEK 149.70
SEK 148.33
-0.9%
15.9%SEK 165.00SEK 115.00SEK 20.493
Nov ’23SEK 148.85
SEK 143.67
-3.5%
21.0%SEK 165.00SEK 101.00SEK 25.193

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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