Gränges Valuation
Is GRNG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation 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 GRNG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GRNG (SEK118.4) is trading below our estimate of fair value (SEK466.76)
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?
Key metric: As GRNG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is GRNG's PE Ratio? | |
|---|---|
| PE Ratio | 13.3x |
| Earnings | SEK 943.00m |
| Market Cap | SEK 12.59b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.7x |
| Enterprise Value/EBITDA | 7x |
| PEG Ratio | 0.6x |
Price to Earnings Ratio vs Peers
How does GRNG's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 16.8x | ||
PROF B ProfilGruppen | 7.8x | n/a | SEK 732.5m |
ALLEI Alleima | 13.3x | 16.6% | SEK 17.7b |
SSAB A SSAB | 6.3x | -0.8% | SEK 49.5b |
BILL Billerud | 39.8x | 34.6% | SEK 24.3b |
GRNG Gränges | 13.3x | 24.2% | SEK 12.6b |
Price-To-Earnings vs Peers: GRNG is good value based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (16.8x).
Price to Earnings Ratio vs Industry
How does GRNG's PE Ratio compare vs other companies in the European Metals and Mining Industry?
| 15 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 15 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: GRNG is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the European Metals and Mining industry average (12.4x).
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 13.3x |
| Fair PE Ratio | 20.2x |
Price-To-Earnings vs Fair Ratio: GRNG is good value based on its Price-To-Earnings Ratio (13.3x) compared to the estimated Fair Price-To-Earnings Ratio (20.2x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | SEK 118.40 | SEK 156.33 +32.0% | 15.5% | SEK 184.00 | SEK 125.00 | n/a | 3 |
| Nov ’25 | SEK 124.00 | SEK 156.33 +26.1% | 15.5% | SEK 184.00 | SEK 125.00 | n/a | 3 |
| Oct ’25 | SEK 120.30 | SEK 155.00 +28.8% | 14.7% | SEK 180.00 | SEK 125.00 | n/a | 3 |
| Sep ’25 | SEK 127.30 | SEK 155.00 +21.8% | 14.7% | SEK 180.00 | SEK 125.00 | n/a | 3 |
| Aug ’25 | SEK 126.40 | SEK 155.00 +22.6% | 14.7% | SEK 180.00 | SEK 125.00 | n/a | 3 |
| Jul ’25 | SEK 137.90 | SEK 151.67 +10.0% | 12.7% | SEK 170.00 | SEK 125.00 | n/a | 3 |
| Jun ’25 | SEK 135.20 | SEK 146.67 +8.5% | 10.5% | SEK 160.00 | SEK 125.00 | n/a | 3 |
| May ’25 | SEK 130.90 | SEK 146.67 +12.0% | 10.5% | SEK 160.00 | SEK 125.00 | n/a | 3 |
| Apr ’25 | SEK 115.80 | SEK 123.33 +6.5% | 1.9% | SEK 125.00 | SEK 120.00 | n/a | 3 |
| Mar ’25 | SEK 103.10 | SEK 117.50 +14.0% | 6.4% | SEK 125.00 | SEK 110.00 | n/a | 2 |
| Feb ’25 | SEK 102.10 | SEK 117.50 +15.1% | 6.4% | SEK 125.00 | SEK 110.00 | n/a | 2 |
| Jan ’25 | SEK 116.00 | SEK 115.00 -0.9% | 8.7% | SEK 125.00 | SEK 105.00 | n/a | 2 |
| Dec ’24 | SEK 116.10 | SEK 119.67 +3.1% | 8.8% | SEK 129.00 | SEK 105.00 | n/a | 3 |
| Nov ’24 | SEK 108.30 | SEK 119.67 +10.5% | 8.8% | SEK 129.00 | SEK 105.00 | SEK 124.00 | 3 |
| Oct ’24 | SEK 103.00 | SEK 115.33 +12.0% | 7.1% | SEK 125.00 | SEK 105.00 | SEK 120.30 | 3 |
| Sep ’24 | SEK 104.50 | SEK 115.33 +10.4% | 7.1% | SEK 125.00 | SEK 105.00 | SEK 127.30 | 3 |
| Aug ’24 | SEK 105.10 | SEK 115.33 +9.7% | 7.1% | SEK 125.00 | SEK 105.00 | SEK 126.40 | 3 |
| Jul ’24 | SEK 102.90 | SEK 112.00 +8.8% | 11.2% | SEK 125.00 | SEK 95.00 | SEK 137.90 | 3 |
| Jun ’24 | SEK 97.00 | SEK 112.00 +15.5% | 11.2% | SEK 125.00 | SEK 95.00 | SEK 135.20 | 3 |
| May ’24 | SEK 101.80 | SEK 108.00 +6.1% | 9.8% | SEK 116.00 | SEK 93.00 | SEK 130.90 | 3 |
| Apr ’24 | SEK 98.75 | SEK 104.33 +5.7% | 8.6% | SEK 115.00 | SEK 93.00 | SEK 115.80 | 3 |
| Mar ’24 | SEK 90.00 | SEK 96.00 +6.7% | 6.8% | SEK 105.00 | SEK 90.00 | SEK 103.10 | 3 |
| Feb ’24 | SEK 89.25 | SEK 101.00 +13.2% | 5.6% | SEK 105.00 | SEK 93.00 | SEK 102.10 | 3 |
| Jan ’24 | SEK 85.30 | SEK 86.67 +1.6% | 7.2% | SEK 95.00 | SEK 80.00 | SEK 116.00 | 3 |
| Dec ’23 | SEK 85.30 | SEK 86.67 +1.6% | 7.2% | SEK 95.00 | SEK 80.00 | SEK 116.10 | 3 |
| Nov ’23 | SEK 76.20 | SEK 86.67 +13.7% | 7.2% | SEK 95.00 | SEK 80.00 | SEK 108.30 | 3 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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