We’ve recently updated our valuation analysis.

Lindab International Valuation

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

[object Object] Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

LIAB 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/Revenue1.2x
Enterprise Value/EBITDA8.4x
PEG Ratio-1.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for LIAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.1x
SYSR Systemair
25.5x7.4%kr15.4b
MTRS Munters Group
29.3x29.7%kr17.0b
INWI Inwido
8x-13.4%kr6.2b
NMAN Nederman Holding
17.6xn/akr5.7b
LIAB Lindab International
9.9x-6.5%kr10.3b

Price-To-Earnings vs Peers: LIAB is good value based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (20.1x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.4%
n/an/an/a

Price-To-Earnings vs Industry: LIAB is good value based on its Price-To-Earnings Ratio (9.9x) compared to the European Building industry average (12.4x)


Price to Earnings Ratio vs Fair Ratio

What is LIAB'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.

LIAB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ratio10.6x

Price-To-Earnings vs Fair Ratio: LIAB is good value based on its Price-To-Earnings Ratio (9.9x) compared to the estimated Fair Price-To-Earnings Ratio (10.6x).


Share Price vs Fair Value

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

Below Fair Value: LIAB (SEK133.8) is trading below our estimate of fair value (SEK181.93)

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


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 LIAB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentkr133.80
kr187.50
+40.1%
17.3%kr220.00kr155.00n/a2
Nov ’23kr116.80
kr187.50
+60.5%
17.3%kr220.00kr155.00n/a2
Oct ’23kr124.70
kr212.50
+70.4%
12.9%kr240.00kr185.00n/a2
Sep ’23kr146.60
kr212.50
+45.0%
12.9%kr240.00kr185.00n/a2
Aug ’23kr173.90
kr202.50
+16.4%
18.5%kr240.00kr165.00n/a2
Jul ’23kr151.20
kr247.50
+63.7%
7.1%kr265.00kr230.00n/a2
Jun ’23kr186.50
kr286.50
+53.6%
7.5%kr308.00kr265.00n/a2
May ’23kr231.20
kr290.00
+25.4%
7.4%kr308.00kr260.00n/a3
Apr ’23kr242.40
kr286.50
+18.2%
2.3%kr293.00kr280.00n/a2
Mar ’23kr222.00
kr253.50
+14.2%
10.5%kr280.00kr227.00n/a2
Feb ’23kr275.20
kr290.00
+5.4%
1.7%kr295.00kr285.00n/a2
Jan ’23kr321.40
kr268.50
-16.5%
15.5%kr310.00kr227.00n/a2
Dec ’22kr298.00
kr268.50
-9.9%
15.5%kr310.00kr227.00kr134.902
Nov ’22kr283.80
kr307.50
+8.4%
0.8%kr310.00kr305.00kr116.802
Oct ’22kr225.00
kr243.50
+8.2%
6.8%kr260.00kr227.00kr124.702
Sep ’22kr240.80
kr271.00
+12.5%
3.7%kr281.00kr261.00kr146.602
Aug ’22kr251.20
kr271.00
+7.9%
3.7%kr281.00kr261.00kr173.902
Jul ’22kr200.80
kr214.50
+6.8%
5.4%kr226.00kr203.00kr151.202
Jun ’22kr204.00
kr214.50
+5.1%
5.4%kr226.00kr203.00kr186.502
May ’22kr172.00
kr206.00
+19.8%
6.8%kr220.00kr192.00kr231.202
Apr ’22kr177.40
kr213.50
+20.3%
6.3%kr227.00kr200.00kr242.402
Mar ’22kr186.30
kr213.50
+14.6%
6.3%kr227.00kr200.00kr222.002
Feb ’22kr183.10
kr192.00
+4.9%
6.3%kr204.00kr180.00kr275.202
Jan ’22kr170.40
kr174.50
+2.4%
3.7%kr181.00kr168.00kr321.402
Dec ’21kr155.00
kr174.50
+12.6%
3.7%kr181.00kr168.00kr298.002

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.


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