Systemair AB (publ)

OM:SYSR Stock Report

Market Cap: SEK 17.0b

Systemair Valuation

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

Discounted Cash Flow
Simply Wall St
SEK 97.71
Fair Value
16.2% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: SYSR (SEK81.9) is trading below our estimate of fair value (SEK97.71)

Significantly Below Fair Value: SYSR is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SYSR. This is calculated by dividing SYSR's market cap by their current earnings.
What is SYSR's PE Ratio?
PE Ratio28.2x
EarningsSEK 604.60m
Market CapSEK 17.04b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SYSR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.7x
LIAB Lindab International
20.9x30.2%SEK 14.2b
INWI Inwido
19.5x18.3%SEK 10.5b
MTRS Munters Group
40.7x25.1%SEK 35.2b
NMAN Nederman Holding
21.9xn/aSEK 7.3b
SYSR Systemair
28.2x19.7%SEK 17.0b

Price-To-Earnings vs Peers: SYSR is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the peer average (25.7x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SYSR 28.2xIndustry Avg. 20.0xNo. of Companies13PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SYSR is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the European Building industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is SYSR'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.

SYSR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.2x
Fair PE Ratio24.4x

Price-To-Earnings vs Fair Ratio: SYSR is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the estimated Fair Price-To-Earnings Ratio (24.4x).

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 SYSR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 81.90
SEK 102.80
+25.5%
6.5%SEK 110.00SEK 93.00n/a5
Jan ’26SEK 88.70
SEK 102.80
+15.9%
6.5%SEK 110.00SEK 93.00n/a5
Dec ’25SEK 91.50
SEK 92.75
+1.4%
9.2%SEK 110.00SEK 85.00n/a6
Nov ’25SEK 81.50
SEK 88.70
+8.8%
4.2%SEK 95.00SEK 85.00n/a5
Oct ’25SEK 88.90
SEK 88.70
-0.2%
4.2%SEK 95.00SEK 85.00n/a5
Sep ’25SEK 79.00
SEK 88.70
+12.3%
4.2%SEK 95.00SEK 85.00n/a5
Aug ’25SEK 78.50
SEK 88.50
+12.7%
4.1%SEK 95.00SEK 85.00n/a5
Jul ’25SEK 77.50
SEK 88.10
+13.7%
4.7%SEK 95.00SEK 83.00n/a5
Jun ’25SEK 78.50
SEK 83.75
+6.7%
4.7%SEK 89.00SEK 78.00n/a4
May ’25SEK 75.00
SEK 83.75
+11.7%
4.7%SEK 89.00SEK 78.00n/a4
Apr ’25SEK 76.40
SEK 83.75
+9.6%
4.7%SEK 89.00SEK 78.00n/a4
Mar ’25SEK 81.10
SEK 88.25
+8.8%
2.7%SEK 91.00SEK 85.00n/a4
Feb ’25SEK 74.60
SEK 88.25
+18.3%
2.7%SEK 91.00SEK 85.00n/a4
Jan ’25SEK 78.70
SEK 84.50
+7.4%
10.1%SEK 91.00SEK 70.00SEK 88.704
Dec ’24SEK 70.60
SEK 83.50
+18.3%
9.6%SEK 91.00SEK 70.00SEK 91.504
Nov ’24SEK 59.20
SEK 84.50
+42.7%
10.1%SEK 91.00SEK 70.00SEK 81.504
Oct ’24SEK 68.70
SEK 84.50
+23.0%
10.1%SEK 91.00SEK 70.00SEK 88.904
Sep ’24SEK 69.70
SEK 83.75
+20.2%
10.0%SEK 91.00SEK 70.00SEK 79.004
Aug ’24SEK 74.90
SEK 87.50
+16.8%
3.5%SEK 91.00SEK 84.00SEK 78.504
Jul ’24SEK 78.60
SEK 87.50
+11.3%
3.5%SEK 91.00SEK 84.00SEK 77.504
Jun ’24SEK 86.20
SEK 91.50
+6.1%
5.7%SEK 98.00SEK 84.00SEK 78.504
May ’24SEK 88.90
SEK 91.50
+2.9%
5.7%SEK 98.00SEK 84.00SEK 75.004
Apr ’24SEK 86.90
SEK 92.00
+5.9%
6.4%SEK 98.00SEK 84.00SEK 76.403
Mar ’24SEK 77.10
SEK 77.00
-0.1%
9.1%SEK 84.00SEK 70.00SEK 81.102
Feb ’24SEK 79.20
SEK 77.00
-2.8%
9.1%SEK 84.00SEK 70.00SEK 74.602
Jan ’24SEK 71.80
SEK 74.50
+3.8%
6.0%SEK 79.00SEK 70.00SEK 78.702
Analyst Price Target
Consensus Narrative from 5 Analysts
SEK 102.80
Fair Value
20.3% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/18 23:33
End of Day Share Price 2025/01/17 00:00
Earnings2024/10/31
Annual Earnings2024/04/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Systemair AB (publ) is covered by 12 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Claes VikbladhABG Sundal Collier Sponsored
Sofia SörlingCarnegie Commissioned Research
Douglas LindahlDNB Markets