Rejlers Valuation

Q: What is the Fair Price of REJL B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

REJL B (SEK154) is trading below our estimate of [[fair value]] (SEK459.67)

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

Below Fair Value: REJL B (SEK154) is trading below our estimate of fair value (SEK459.67)

Significantly Below Fair Value: REJL 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 REJL B?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for REJL B. This is calculated by dividing REJL B's market cap by their current preferred multiple.
What is REJL B's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	SEK 3.44b

REJL 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/Revenue	1x
Enterprise Value/EBITDA	9.9x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for REJL B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	20.4x
AFRY Afry	21.1x	21.0%	SEK 21.5b
SIBEK Sibek	20.2x	n/a	SEK 334.0m
AIXIA B Aixia Group	28.1x	n/a	SEK 247.4m
HIFA B Hifab Group	12.2x	n/a	SEK 189.8m
REJL B Rejlers	17x	10.4%	SEK 3.4b

Price-To-Earnings vs Peers: REJL B is good value based on its Price-To-Earnings Ratio (17x) compared to the peer average (20.4x).

Price to Earnings Ratio vs Industry

How does REJL B's PE Ratio compare vs other companies in the European Professional Services Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	18.1%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	18.1%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: REJL B is good value based on its Price-To-Earnings Ratio (17x) compared to the European Professional Services industry average (19.6x).

Price to Earnings Ratio vs Fair Ratio

What is REJL 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.

REJL B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.1x
Fair PE Ratio	16.3x

Price-To-Earnings vs Fair Ratio: REJL B is expensive based on its Price-To-Earnings Ratio (17x) compared to the estimated Fair Price-To-Earnings Ratio (16.3x).

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 REJL B forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	SEK 155.60	SEK 178.50 +14.7%	9.2%	SEK 195.00	SEK 162.00	n/a	2
Jun ’25	SEK 155.20	SEK 178.50 +15.0%	9.2%	SEK 195.00	SEK 162.00	n/a	2
May ’25	SEK 141.00	SEK 178.50 +26.6%	9.2%	SEK 195.00	SEK 162.00	n/a	2
Apr ’25	SEK 143.50	SEK 178.50 +24.4%	9.2%	SEK 195.00	SEK 162.00	n/a	2
Mar ’25	SEK 140.00	SEK 178.50 +27.5%	9.2%	SEK 195.00	SEK 162.00	n/a	2
Feb ’25	SEK 126.50	SEK 178.50 +41.1%	9.2%	SEK 195.00	SEK 162.00	n/a	2
Jan ’25	SEK 122.50	SEK 178.50 +45.7%	9.2%	SEK 195.00	SEK 162.00	n/a	2
Dec ’24	SEK 115.00	SEK 178.50 +55.2%	9.2%	SEK 195.00	SEK 162.00	n/a	2
Nov ’24	SEK 118.50	SEK 187.50 +58.2%	4.0%	SEK 195.00	SEK 180.00	n/a	2
Oct ’24	SEK 117.50	SEK 195.00 +66.0%	7.7%	SEK 210.00	SEK 180.00	n/a	2
Sep ’24	SEK 119.50	SEK 195.00 +63.2%	7.7%	SEK 210.00	SEK 180.00	n/a	2
Aug ’24	SEK 136.00	SEK 195.00 +43.4%	7.7%	SEK 210.00	SEK 180.00	n/a	2
Jul ’24	SEK 144.50	SEK 195.00 +34.9%	7.7%	SEK 210.00	SEK 180.00	SEK 155.60	2
Jun ’24	SEK 150.00	SEK 195.00 +30.0%	7.7%	SEK 210.00	SEK 180.00	SEK 155.20	2
May ’24	SEK 158.50	SEK 190.00 +19.9%	5.3%	SEK 200.00	SEK 180.00	SEK 141.00	2
Apr ’24	SEK 164.20	SEK 190.00 +15.7%	5.3%	SEK 200.00	SEK 180.00	SEK 143.50	2
Mar ’24	SEK 160.80	SEK 190.00 +18.2%	5.3%	SEK 200.00	SEK 180.00	SEK 140.00	2
Feb ’24	SEK 155.40	SEK 178.50 +14.9%	12.0%	SEK 200.00	SEK 157.00	SEK 126.50	2
Jan ’24	SEK 137.00	SEK 178.50 +30.3%	12.0%	SEK 200.00	SEK 157.00	SEK 122.50	2
Dec ’23	SEK 130.60	SEK 178.50 +36.7%	12.0%	SEK 200.00	SEK 157.00	SEK 115.00	2
Nov ’23	SEK 129.20	SEK 178.50 +38.2%	12.0%	SEK 200.00	SEK 157.00	SEK 118.50	2
Oct ’23	SEK 121.80	SEK 175.00 +43.7%	14.3%	SEK 200.00	SEK 150.00	SEK 117.50	2
Sep ’23	SEK 133.20	SEK 175.00 +31.4%	14.3%	SEK 200.00	SEK 150.00	SEK 119.50	2
Aug ’23	SEK 139.00	SEK 175.00 +25.9%	14.3%	SEK 200.00	SEK 150.00	SEK 136.00	2
Jul ’23	SEK 121.00	SEK 171.50 +41.7%	7.9%	SEK 185.00	SEK 158.00	SEK 144.50	2

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