Gränges Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: GRNG (SEK119.8) is trading below our estimate of fair value (SEK350.89)

Significantly Below Fair Value: GRNG is trading below fair value by more than 20%.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

GRNG 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/Revenue0.7x
Enterprise Value/EBITDA6.9x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GRNG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17x
PROF B ProfilGruppen
7.8xn/aSEK 802.8m
ALLEI Alleima
13.9x15.5%SEK 17.1b
4.8x-8.9%SEK 48.7b
BILL Billerud
41.4x31.4%SEK 29.0b
GRNG Gränges
12.9x21.8%SEK 12.7b

Price-To-Earnings vs Peers: GRNG is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (17x).


Price to Earnings Ratio vs Industry

How does GRNG's PE Ratio compare vs other companies in the European Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: GRNG is good value based on its Price-To-Earnings Ratio (12.9x) compared to the European Metals and Mining industry average (13x).


Price to Earnings Ratio vs Fair Ratio

What is GRNG'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.

GRNG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.9x
Fair PE Ratio18.8x

Price-To-Earnings vs Fair Ratio: GRNG is good value based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).


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 GRNG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 119.80
SEK 155.00
+29.4%
14.7%SEK 180.00SEK 125.00n/a3
Oct ’25SEK 120.30
SEK 155.00
+28.8%
14.7%SEK 180.00SEK 125.00n/a3
Sep ’25SEK 127.30
SEK 155.00
+21.8%
14.7%SEK 180.00SEK 125.00n/a3
Aug ’25SEK 126.40
SEK 155.00
+22.6%
14.7%SEK 180.00SEK 125.00n/a3
Jul ’25SEK 137.90
SEK 151.67
+10.0%
12.7%SEK 170.00SEK 125.00n/a3
Jun ’25SEK 135.20
SEK 146.67
+8.5%
10.5%SEK 160.00SEK 125.00n/a3
May ’25SEK 130.90
SEK 146.67
+12.0%
10.5%SEK 160.00SEK 125.00n/a3
Apr ’25SEK 115.80
SEK 123.33
+6.5%
1.9%SEK 125.00SEK 120.00n/a3
Mar ’25SEK 103.10
SEK 117.50
+14.0%
6.4%SEK 125.00SEK 110.00n/a2
Feb ’25SEK 102.10
SEK 117.50
+15.1%
6.4%SEK 125.00SEK 110.00n/a2
Jan ’25SEK 116.00
SEK 115.00
-0.9%
8.7%SEK 125.00SEK 105.00n/a2
Dec ’24SEK 116.10
SEK 119.67
+3.1%
8.8%SEK 129.00SEK 105.00n/a3
Nov ’24SEK 108.30
SEK 119.67
+10.5%
8.8%SEK 129.00SEK 105.00n/a3
Oct ’24SEK 103.00
SEK 115.33
+12.0%
7.1%SEK 125.00SEK 105.00SEK 120.303
Sep ’24SEK 104.50
SEK 115.33
+10.4%
7.1%SEK 125.00SEK 105.00SEK 127.303
Aug ’24SEK 105.10
SEK 115.33
+9.7%
7.1%SEK 125.00SEK 105.00SEK 126.403
Jul ’24SEK 102.90
SEK 112.00
+8.8%
11.2%SEK 125.00SEK 95.00SEK 137.903
Jun ’24SEK 97.00
SEK 112.00
+15.5%
11.2%SEK 125.00SEK 95.00SEK 135.203
May ’24SEK 101.80
SEK 108.00
+6.1%
9.8%SEK 116.00SEK 93.00SEK 130.903
Apr ’24SEK 98.75
SEK 104.33
+5.7%
8.6%SEK 115.00SEK 93.00SEK 115.803
Mar ’24SEK 90.00
SEK 96.00
+6.7%
6.8%SEK 105.00SEK 90.00SEK 103.103
Feb ’24SEK 89.25
SEK 101.00
+13.2%
5.6%SEK 105.00SEK 93.00SEK 102.103
Jan ’24SEK 85.30
SEK 86.67
+1.6%
7.2%SEK 95.00SEK 80.00SEK 116.003
Dec ’23SEK 85.30
SEK 86.67
+1.6%
7.2%SEK 95.00SEK 80.00SEK 116.103
Nov ’23SEK 76.20
SEK 86.67
+13.7%
7.2%SEK 95.00SEK 80.00SEK 108.303
Oct ’23SEK 71.70
SEK 102.67
+43.2%
3.7%SEK 108.00SEK 100.00SEK 103.003

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


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