Cloetta Valuation

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

CLA B (SEK25.86) is trading above our estimate of [[fair value]] (SEK20.25)

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

Below Fair Value: CLA B (SEK25.86) is trading above our estimate of fair value (SEK20.25)

Significantly Below Fair Value: CLA B is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CLA B. This is calculated by dividing CLA B's market cap by their current earnings.
What is CLA B's PE Ratio?
PE Ratio	16.2x
Earnings	SEK 457.00m
Market Cap	SEK 7.40b

CLA 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	1.1x
Enterprise Value/EBITDA	9x
PEG Ratio	1.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CLA 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	28.5x
SCST Scandi Standard	18x	19.6%	SEK 5.4b
MSON B Midsona	40.3x	53.0%	SEK 1.3b
AAK AAK AB (publ.)	21.1x	5.4%	SEK 73.2b
SKMO Skåne-möllan	34.6x	n/a	SEK 550.0m
CLA B Cloetta	16.2x	8.8%	SEK 7.4b

Price-To-Earnings vs Peers: CLA B is good value based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (28.5x).

Price to Earnings Ratio vs Industry

How does CLA B's PE Ratio compare vs other companies in the European Food Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CLA B is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the European Food industry average (13.2x).

Price to Earnings Ratio vs Fair Ratio

What is CLA 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.

CLA B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	16.2x
Fair PE Ratio	18.5x

Price-To-Earnings vs Fair Ratio: CLA B is good value based on its Price-To-Earnings Ratio (16.2x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.