Lindab International AB (publ)

OM:LIAB Stock Report

Market Cap: SEK 17.4b

Lindab International Valuation

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

Below Fair Value: LIAB (SEK226.2) is trading below our estimate of fair value (SEK450.07)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for LIAB. This is calculated by dividing LIAB's market cap by their current earnings.
What is LIAB's PE Ratio?
PE Ratio25.7x
EarningsSEK 678.00m
Market CapSEK 17.43b

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.2x
SYSR Systemair
29.4x16.9%SEK 18.0b
INWI Inwido
20x18.4%SEK 10.8b
NMAN Nederman Holding
24.1xn/aSEK 8.1b
MTRS Munters Group
35.1x21.1%SEK 30.4b
LIAB Lindab International
25.7x28.5%SEK 17.4b

Price-To-Earnings vs Peers: LIAB is good value based on its Price-To-Earnings Ratio (25.7x) compared to the peer average (27.2x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
LIAB 25.7xIndustry Avg. 20.0xNo. of Companies13PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LIAB is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the European Building industry average (19.9x).

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 Ratio25.7x
Fair PE Ratio29.8x

Price-To-Earnings vs Fair Ratio: LIAB is good value based on its Price-To-Earnings Ratio (25.7x) compared to the estimated Fair Price-To-Earnings Ratio (29.8x).

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 LIAB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 226.20
SEK 263.67
+16.6%
7.4%SEK 291.00SEK 248.00n/a3
Nov ’25SEK 222.60
SEK 261.00
+17.3%
8.3%SEK 291.00SEK 240.00n/a3
Oct ’25SEK 280.60
SEK 276.67
-1.4%
9.5%SEK 300.00SEK 240.00n/a3
Sep ’25SEK 267.00
SEK 276.67
+3.6%
9.5%SEK 300.00SEK 240.00n/a3
Aug ’25SEK 257.60
SEK 266.33
+3.4%
15.3%SEK 300.00SEK 209.00n/a3
Jul ’25SEK 227.80
SEK 246.67
+8.3%
10.9%SEK 270.00SEK 209.00n/a3
Jun ’25SEK 239.80
SEK 237.67
-0.9%
10.3%SEK 264.00SEK 205.00n/a3
May ’25SEK 223.20
SEK 241.67
+8.3%
11.2%SEK 270.00SEK 205.00n/a3
Apr ’25SEK 230.00
SEK 231.67
+0.7%
8.3%SEK 250.00SEK 205.00n/a3
Mar ’25SEK 219.20
SEK 231.67
+5.7%
8.3%SEK 250.00SEK 205.00n/a3
Feb ’25SEK 200.40
SEK 228.67
+14.1%
8.1%SEK 250.00SEK 205.00n/a3
Jan ’25SEK 199.10
SEK 228.67
+14.9%
10.5%SEK 250.00SEK 195.00n/a3
Dec ’24SEK 192.70
SEK 228.67
+18.7%
10.5%SEK 250.00SEK 195.00n/a3
Nov ’24SEK 173.00
SEK 228.67
+32.2%
10.5%SEK 250.00SEK 195.00SEK 222.603
Oct ’24SEK 160.00
SEK 223.00
+39.4%
8.9%SEK 238.00SEK 195.00SEK 280.603
Sep ’24SEK 161.40
SEK 223.00
+38.2%
8.9%SEK 238.00SEK 195.00SEK 267.003
Aug ’24SEK 163.70
SEK 222.67
+36.0%
8.8%SEK 238.00SEK 195.00SEK 257.603
Jul ’24SEK 153.40
SEK 220.33
+43.6%
7.6%SEK 235.00SEK 197.00SEK 227.803
Jun ’24SEK 169.00
SEK 220.33
+30.4%
7.6%SEK 235.00SEK 197.00SEK 239.803
May ’24SEK 163.90
SEK 197.67
+20.6%
11.7%SEK 216.00SEK 165.00SEK 223.203
Apr ’24SEK 158.60
SEK 197.67
+24.6%
11.7%SEK 216.00SEK 165.00SEK 230.003
Mar ’24SEK 144.60
SEK 188.50
+30.4%
12.5%SEK 212.00SEK 165.00SEK 219.202
Feb ’24SEK 151.30
SEK 192.50
+27.2%
14.3%SEK 220.00SEK 165.00SEK 200.402
Jan ’24SEK 127.40
SEK 187.50
+47.2%
17.3%SEK 220.00SEK 155.00SEK 199.102
Dec ’23SEK 134.90
SEK 187.50
+39.0%
17.3%SEK 220.00SEK 155.00SEK 192.702
Nov ’23SEK 116.80
SEK 187.50
+60.5%
17.3%SEK 220.00SEK 155.00SEK 173.002

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

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