Trelleborg AB (publ)

OM:TREL B Stock Report

Market Cap: SEK 90.1b

Trelleborg Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: TREL B (SEK380.8) is trading below our estimate of fair value (SEK601.77)

Significantly Below Fair Value: TREL 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 TREL B?

Other financial metrics that can be useful for relative valuation.

TREL B 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/Revenue2.7x
Enterprise Value/EBITDA13.5x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TREL B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.3x
SKF B AB SKF
14.3x14.7%SEK 81.7b
INDT Indutrade
40x11.3%SEK 108.3b
ALFA Alfa Laval
27.2x9.2%SEK 182.1b
SAND Sandvik
19.7x14.1%SEK 253.0b
TREL B Trelleborg
24.7x11.2%SEK 90.1b

Price-To-Earnings vs Peers: TREL B is good value based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (25.3x).

Price to Earnings Ratio vs Industry

How does TREL B's PE Ratio compare vs other companies in the SE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.5%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.5%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: TREL B is good value based on its Price-To-Earnings Ratio (24.7x) compared to the Swedish Machinery industry average (25.5x).

Price to Earnings Ratio vs Fair Ratio

What is TREL 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.

TREL B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.7x
Fair PE Ratio25.3x

Price-To-Earnings vs Fair Ratio: TREL B is good value based on its Price-To-Earnings Ratio (24.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.3x).

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 TREL B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 380.80
SEK 427.50
+12.3%
5.1%SEK 470.00SEK 400.00n/a6
Sep ’25SEK 400.20
SEK 422.67
+5.6%
3.2%SEK 441.00SEK 400.00n/a6
Aug ’25SEK 384.20
SEK 422.67
+10.0%
3.2%SEK 441.00SEK 400.00n/a6
Jul ’25SEK 422.00
SEK 395.17
-6.4%
5.6%SEK 430.00SEK 360.00n/a6
Jun ’25SEK 409.00
SEK 386.00
-5.6%
5.8%SEK 405.00SEK 340.00n/a6
May ’25SEK 393.20
SEK 381.83
-2.9%
5.5%SEK 400.00SEK 340.00n/a6
Apr ’25SEK 382.90
SEK 347.71
-9.2%
5.2%SEK 376.00SEK 323.00n/a7
Mar ’25SEK 382.60
SEK 347.71
-9.1%
5.2%SEK 376.00SEK 323.00n/a7
Feb ’25SEK 322.40
SEK 347.17
+7.7%
4.9%SEK 370.00SEK 328.00n/a6
Jan ’25SEK 337.60
SEK 327.14
-3.1%
9.4%SEK 370.00SEK 280.00n/a7
Dec ’24SEK 328.40
SEK 318.14
-3.1%
7.6%SEK 350.00SEK 280.00n/a7
Nov ’24SEK 281.90
SEK 302.43
+7.3%
10.8%SEK 340.00SEK 240.00n/a7
Oct ’24SEK 272.20
SEK 293.17
+7.7%
11.4%SEK 340.00SEK 240.00n/a6
Sep ’24SEK 275.80
SEK 293.17
+6.3%
11.4%SEK 340.00SEK 240.00SEK 400.206
Aug ’24SEK 280.80
SEK 293.17
+4.4%
11.4%SEK 340.00SEK 240.00SEK 384.206
Jul ’24SEK 261.40
SEK 300.80
+15.1%
10.3%SEK 340.00SEK 260.00SEK 422.005
Jun ’24SEK 271.00
SEK 300.80
+11.0%
10.3%SEK 340.00SEK 260.00SEK 409.005
May ’24SEK 257.40
SEK 297.80
+15.7%
10.1%SEK 340.00SEK 260.00SEK 393.205
Apr ’24SEK 294.90
SEK 290.67
-1.4%
6.7%SEK 315.00SEK 260.00SEK 382.906
Mar ’24SEK 273.50
SEK 290.67
+6.3%
6.7%SEK 315.00SEK 260.00SEK 382.606
Feb ’24SEK 260.20
SEK 286.50
+10.1%
6.8%SEK 315.00SEK 260.00SEK 322.406
Jan ’24SEK 240.80
SEK 272.83
+13.3%
5.3%SEK 300.00SEK 257.00SEK 337.606
Dec ’23SEK 255.80
SEK 270.33
+5.7%
5.5%SEK 290.00SEK 242.00SEK 328.406
Nov ’23SEK 243.40
SEK 270.33
+11.1%
5.5%SEK 290.00SEK 242.00SEK 281.906
Oct ’23SEK 209.90
SEK 265.83
+26.6%
6.6%SEK 290.00SEK 235.00SEK 272.206
Sep ’23SEK 217.80
SEK 265.83
+22.1%
6.6%SEK 290.00SEK 235.00SEK 275.806

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

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