Momentum Group AB (publ)

OM:MMGR B Stock Report

Market Cap: SEK 8.4b

Momentum Group Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: MMGR B (SEK170.6) is trading below our estimate of fair value (SEK218.64)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MMGR B. This is calculated by dividing MMGR B's market cap by their current earnings.
What is MMGR B's PE Ratio?
PE Ratio44.6x
EarningsSEK 189.00m
Market CapSEK 8.43b

Price to Earnings Ratio vs Peers

How does MMGR B's PE Ratio compare to its peers?

The above table shows the PE ratio for MMGR B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28x
BERG B Bergman & Beving
36.5x18.2%SEK 7.4b
ALLIGO B Alligo
17x33.4%SEK 6.0b
BUFAB Bufab
30.6x15.6%SEK 15.6b
OEM B OEM International
27.8xn/aSEK 16.1b
MMGR B Momentum Group
44.6x11.9%SEK 8.4b

Price-To-Earnings vs Peers: MMGR B is expensive based on its Price-To-Earnings Ratio (44.6x) compared to the peer average (28x).

Price to Earnings Ratio vs Industry

How does MMGR B's PE Ratio compare vs other companies in the European Trade Distributors Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MMGR B 44.6xIndustry Avg. 14.3xNo. of Companies11PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MMGR B is expensive based on its Price-To-Earnings Ratio (44.6x) compared to the European Trade Distributors industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is MMGR B'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.

MMGR B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44.6x
Fair PE Ratio20.1x

Price-To-Earnings vs Fair Ratio: MMGR B is expensive based on its Price-To-Earnings Ratio (44.6x) compared to the estimated Fair Price-To-Earnings Ratio (20.1x).

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 MMGR B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 170.60
SEK 182.50
+7.0%
1.4%SEK 185.00SEK 180.00n/a2
Nov ’25SEK 180.80
SEK 182.50
+0.9%
1.4%SEK 185.00SEK 180.00n/a2
Oct ’25SEK 179.40
SEK 182.50
+1.7%
1.4%SEK 185.00SEK 180.00n/a2
Sep ’25SEK 165.00
SEK 182.50
+10.6%
1.4%SEK 185.00SEK 180.00n/a2
Aug ’25SEK 187.00
SEK 182.50
-2.4%
1.4%SEK 185.00SEK 180.00n/a2
Jul ’25SEK 166.00
SEK 140.00
-15.7%
3.6%SEK 145.00SEK 135.00n/a2
Jun ’25SEK 180.00
SEK 140.00
-22.2%
3.6%SEK 145.00SEK 135.00n/a2
May ’25SEK 138.20
SEK 140.00
+1.3%
3.6%SEK 145.00SEK 135.00n/a2
Apr ’25SEK 129.50
SEK 138.00
+6.6%
2.2%SEK 141.00SEK 135.00n/a2
Mar ’25SEK 136.50
SEK 138.00
+1.1%
2.2%SEK 141.00SEK 135.00n/a2
Feb ’25SEK 137.00
SEK 108.50
-20.8%
1.4%SEK 110.00SEK 107.00n/a2
Jan ’25SEK 130.50
SEK 108.50
-16.9%
1.4%SEK 110.00SEK 107.00n/a2
Dec ’24SEK 127.00
SEK 108.50
-14.6%
1.4%SEK 110.00SEK 107.00n/a2
Nov ’24SEK 102.00
SEK 108.50
+6.4%
1.4%SEK 110.00SEK 107.00SEK 180.802
Oct ’24SEK 99.00
SEK 118.00
+19.2%
6.8%SEK 126.00SEK 110.00SEK 179.402
Sep ’24SEK 98.80
SEK 118.00
+19.4%
6.8%SEK 126.00SEK 110.00SEK 165.002
Aug ’24SEK 102.50
SEK 118.00
+15.1%
6.8%SEK 126.00SEK 110.00SEK 187.002
Jul ’24SEK 121.50
SEK 93.50
-23.0%
4.8%SEK 98.00SEK 89.00SEK 166.002
Jun ’24SEK 110.00
SEK 93.50
-15.0%
4.8%SEK 98.00SEK 89.00SEK 180.002
May ’24SEK 84.00
SEK 93.50
+11.3%
4.8%SEK 98.00SEK 89.00SEK 138.202
Apr ’24SEK 80.50
SEK 84.00
+4.3%
6.0%SEK 89.00SEK 79.00SEK 129.502
Mar ’24SEK 82.00
SEK 84.00
+2.4%
6.0%SEK 89.00SEK 79.00SEK 136.502
Feb ’24SEK 79.00
SEK 71.50
-9.5%
16.1%SEK 83.00SEK 60.00SEK 137.002
Jan ’24SEK 58.51
SEK 71.50
+22.2%
16.1%SEK 83.00SEK 60.00SEK 130.502
Dec ’23SEK 57.00
SEK 71.50
+25.4%
16.1%SEK 83.00SEK 60.00SEK 127.002
Nov ’23SEK 59.98
SEK 71.50
+19.2%
16.1%SEK 83.00SEK 60.00SEK 102.002

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

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