Inwido Valuation

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

INWI (SEK185.6) is trading below our estimate of [[fair value]] (SEK423.75)

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

Below Fair Value: INWI (SEK185.6) is trading below our estimate of fair value (SEK423.75)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for INWI. This is calculated by dividing INWI's market cap by their current earnings.
What is INWI's PE Ratio?
PE Ratio	19.9x
Earnings	SEK 540.40m
Market Cap	SEK 10.76b

INWI 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	1.4x
Enterprise Value/EBITDA	11x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for INWI 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	25.4x
NMAN Nederman Holding	23x	n/a	SEK 7.7b
LIAB Lindab International	26.5x	28.5%	SEK 17.9b
SYSR Systemair	31.3x	16.9%	SEK 19.1b
NWG Nordic Waterproofing Holding	20.9x	23.6%	SEK 4.2b
INWI Inwido	19.9x	18.4%	SEK 10.8b

Price-To-Earnings vs Peers: INWI is good value based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (25.4x).

Price to Earnings Ratio vs Industry

How does INWI's PE Ratio compare vs other companies in the European Building Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: INWI is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the European Building industry average (19.9x).

Price to Earnings Ratio vs Fair Ratio

What is INWI'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.

INWI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19.9x
Fair PE Ratio	22.3x

Price-To-Earnings vs Fair Ratio: INWI is good value based on its Price-To-Earnings Ratio (19.9x) compared to the estimated Fair Price-To-Earnings Ratio (22.3x).

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 INWI 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 185.60	SEK 221.50 +19.3%	1.6%	SEK 225.00	SEK 218.00	n/a	2
Nov ’25	SEK 193.90	SEK 207.50 +7.0%	8.4%	SEK 225.00	SEK 190.00	n/a	2
Oct ’25	SEK 186.50	SEK 200.00 +7.2%	5.0%	SEK 210.00	SEK 190.00	n/a	2
Sep ’25	SEK 178.90	SEK 200.00 +11.8%	5.0%	SEK 210.00	SEK 190.00	n/a	2
Aug ’25	SEK 174.60	SEK 200.00 +14.5%	5.0%	SEK 210.00	SEK 190.00	n/a	2
Jul ’25	SEK 147.50	SEK 177.50 +20.3%	7.0%	SEK 190.00	SEK 165.00	n/a	2
Jun ’25	SEK 146.40	SEK 172.50 +17.8%	10.1%	SEK 190.00	SEK 155.00	n/a	2
May ’25	SEK 136.70	SEK 172.50 +26.2%	10.1%	SEK 190.00	SEK 155.00	n/a	2
Apr ’25	SEK 145.90	SEK 170.00 +16.5%	8.8%	SEK 185.00	SEK 155.00	n/a	2

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

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