NCC Valuation
Is NCC B undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
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 NCC B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NCC B (SEK159.9) is trading above our estimate of fair value (SEK132.48)
Significantly Below Fair Value: NCC B is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NCC B?
Other financial metrics that can be useful for relative valuation.
| What is NCC B's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | SEK 15.63b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.4x |
| Enterprise Value/EBITDA | 10.2x |
| PEG Ratio | 10.1x |
Price to Earnings Ratio vs Peers
How does NCC B's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 26.3x | ||
OX2 OX2 | 34.1x | 42.2% | SEK 16.1b |
PEAB B Peab | 15.9x | 13.1% | SEK 21.8b |
INSTAL Instalco | 22.3x | 18.2% | SEK 12.8b |
SWEC B Sweco | 33.1x | 17.3% | SEK 59.0b |
NCC B NCC | 11.2x | 1.1% | SEK 15.6b |
Price-To-Earnings vs Peers: NCC B is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (26.3x).
Price to Earnings Ratio vs Industry
How does NCC B's PE Ratio compare vs other companies in the European Construction Industry?
Price-To-Earnings vs Industry: NCC B is good value based on its Price-To-Earnings Ratio (11.2x) compared to the European Construction industry average (12.7x).
Price to Earnings Ratio vs Fair Ratio
What is NCC 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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 11.2x |
| Fair PE Ratio | 15.5x |
Price-To-Earnings vs Fair Ratio: NCC B is good value based on its Price-To-Earnings Ratio (11.2x) compared to the estimated Fair Price-To-Earnings Ratio (15.5x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | SEK 159.90 | SEK 170.00 +6.3% | 2.1% | SEK 175.00 | SEK 165.00 | n/a | 4 |
| Jul ’25 | SEK 138.30 | SEK 150.00 +8.5% | 2.4% | SEK 155.00 | SEK 145.00 | n/a | 4 |
| Jun ’25 | SEK 137.30 | SEK 150.00 +9.2% | 2.4% | SEK 155.00 | SEK 145.00 | n/a | 4 |
| May ’25 | SEK 135.10 | SEK 153.75 +13.8% | 2.7% | SEK 160.00 | SEK 150.00 | n/a | 4 |
| Apr ’25 | SEK 147.30 | SEK 153.75 +4.4% | 2.7% | SEK 160.00 | SEK 150.00 | n/a | 4 |
| Mar ’25 | SEK 143.00 | SEK 151.67 +6.1% | 1.6% | SEK 155.00 | SEK 150.00 | n/a | 3 |
| Feb ’25 | SEK 134.50 | SEK 146.67 +9.0% | 3.2% | SEK 150.00 | SEK 140.00 | n/a | 3 |
| Jan ’25 | SEK 125.60 | SEK 136.67 +8.8% | 1.7% | SEK 140.00 | SEK 135.00 | n/a | 3 |
| Dec ’24 | SEK 117.80 | SEK 136.67 +16.0% | 1.7% | SEK 140.00 | SEK 135.00 | n/a | 3 |
| Nov ’24 | SEK 116.00 | SEK 133.33 +14.9% | 1.8% | SEK 135.00 | SEK 130.00 | n/a | 3 |
| Oct ’24 | SEK 118.40 | SEK 135.00 +14.0% | 3.0% | SEK 140.00 | SEK 130.00 | n/a | 3 |
| Sep ’24 | SEK 113.00 | SEK 135.00 +19.5% | 3.0% | SEK 140.00 | SEK 130.00 | n/a | 3 |
| Aug ’24 | SEK 115.30 | SEK 135.00 +17.1% | 3.0% | SEK 140.00 | SEK 130.00 | SEK 162.60 | 3 |
| Jul ’24 | SEK 94.25 | SEK 128.33 +36.2% | 1.8% | SEK 130.00 | SEK 125.00 | SEK 138.30 | 3 |
| Jun ’24 | SEK 89.40 | SEK 128.33 +43.5% | 1.8% | SEK 130.00 | SEK 125.00 | SEK 137.30 | 3 |
| May ’24 | SEK 101.90 | SEK 128.33 +25.9% | 1.8% | SEK 130.00 | SEK 125.00 | SEK 135.10 | 3 |
| Apr ’24 | SEK 91.90 | SEK 127.50 +38.7% | 2.0% | SEK 130.00 | SEK 125.00 | SEK 147.30 | 2 |
| Mar ’24 | SEK 98.60 | SEK 127.50 +29.3% | 2.0% | SEK 130.00 | SEK 125.00 | SEK 143.00 | 2 |
| Feb ’24 | SEK 99.95 | SEK 122.50 +22.6% | 2.0% | SEK 125.00 | SEK 120.00 | SEK 134.50 | 2 |
| Jan ’24 | SEK 97.25 | SEK 125.00 +28.5% | 4.0% | SEK 130.00 | SEK 120.00 | SEK 125.60 | 2 |
| Dec ’23 | SEK 101.50 | SEK 125.00 +23.2% | 4.0% | SEK 130.00 | SEK 120.00 | SEK 117.80 | 2 |
| Nov ’23 | SEK 99.95 | SEK 125.00 +25.1% | 4.0% | SEK 130.00 | SEK 120.00 | SEK 116.00 | 2 |
| Oct ’23 | SEK 80.30 | SEK 137.50 +71.2% | 9.1% | SEK 150.00 | SEK 125.00 | SEK 118.40 | 2 |
| Sep ’23 | SEK 99.45 | SEK 152.50 +53.3% | 1.6% | SEK 155.00 | SEK 150.00 | SEK 113.00 | 2 |
| Aug ’23 | SEK 102.80 | SEK 152.50 +48.3% | 1.6% | SEK 155.00 | SEK 150.00 | SEK 115.30 | 2 |
Analyst Forecast: Target price is less than 20% higher than the current share price.