HEXPOL AB (publ)

OM:HPOL B Stock Report

Market Cap: SEK 35.5b

HEXPOL Valuation

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

Below Fair Value: HPOL B (SEK103) is trading below our estimate of fair value (SEK174.52)

Significantly Below Fair Value: HPOL 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 HPOL B?

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

The above table shows the Price to Earnings ratio for HPOL B. This is calculated by dividing HPOL B's market cap by their current earnings.
What is HPOL B's PE Ratio?
PE Ratio14.9x
EarningsSEK 2.37b
Market CapSEK 35.48b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HPOL B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.6x
ITECH I-Tech
23.7x28.3%SEK 581.1m
SSAB A SSAB
6.5x-0.8%SEK 50.9b
BILL Billerud
41.2x34.6%SEK 25.1b
HOLM B Holmen
22.9x10.0%SEK 65.0b
HPOL B HEXPOL
14.9x6.4%SEK 35.5b

Price-To-Earnings vs Peers: HPOL B is good value based on its Price-To-Earnings Ratio (14.9x) compared to the peer average (23.6x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HPOL B 14.9xIndustry Avg. 17.9xNo. of Companies11PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HPOL B is good value based on its Price-To-Earnings Ratio (14.9x) compared to the European Chemicals industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is HPOL 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.

HPOL B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.9x
Fair PE Ratio15.9x

Price-To-Earnings vs Fair Ratio: HPOL B is good value based on its Price-To-Earnings Ratio (14.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

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 HPOL B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 103.00
SEK 125.67
+22.0%
8.7%SEK 145.00SEK 114.00n/a6
Nov ’25SEK 103.00
SEK 128.00
+24.3%
7.8%SEK 145.00SEK 114.00n/a6
Oct ’25SEK 105.60
SEK 134.60
+27.5%
7.7%SEK 147.00SEK 119.00n/a5
Sep ’25SEK 115.80
SEK 136.33
+17.7%
7.5%SEK 147.00SEK 119.00n/a6
Aug ’25SEK 116.30
SEK 138.00
+18.7%
5.6%SEK 147.00SEK 129.00n/a6
Jul ’25SEK 119.80
SEK 140.50
+17.3%
5.5%SEK 150.00SEK 129.00n/a6
Jun ’25SEK 128.20
SEK 140.17
+9.3%
5.8%SEK 150.00SEK 129.00n/a6
May ’25SEK 126.00
SEK 136.67
+8.5%
10.5%SEK 150.00SEK 108.00n/a6
Apr ’25SEK 130.60
SEK 132.17
+1.2%
9.7%SEK 147.00SEK 108.00n/a6
Mar ’25SEK 121.90
SEK 132.17
+8.4%
9.7%SEK 147.00SEK 108.00n/a6
Feb ’25SEK 120.70
SEK 132.17
+9.5%
9.7%SEK 147.00SEK 108.00n/a6
Jan ’25SEK 122.00
SEK 122.00
0%
6.6%SEK 130.00SEK 108.00n/a5
Dec ’24SEK 109.20
SEK 120.60
+10.4%
6.7%SEK 130.00SEK 106.00n/a5
Nov ’24SEK 99.55
SEK 120.60
+21.1%
6.7%SEK 130.00SEK 106.00SEK 103.005
Oct ’24SEK 97.15
SEK 122.80
+26.4%
7.8%SEK 135.00SEK 107.00SEK 105.605
Sep ’24SEK 106.90
SEK 122.80
+14.9%
7.8%SEK 135.00SEK 107.00SEK 115.805
Aug ’24SEK 113.90
SEK 122.80
+7.8%
7.8%SEK 135.00SEK 107.00SEK 116.305
Jul ’24SEK 114.30
SEK 126.20
+10.4%
8.7%SEK 143.00SEK 110.00SEK 119.805
Jun ’24SEK 111.20
SEK 126.20
+13.5%
8.7%SEK 143.00SEK 110.00SEK 128.205
May ’24SEK 120.70
SEK 124.00
+2.7%
9.3%SEK 143.00SEK 110.00SEK 126.005
Apr ’24SEK 128.50
SEK 123.40
-4.0%
8.5%SEK 140.00SEK 110.00SEK 130.605
Mar ’24SEK 117.40
SEK 116.75
-0.6%
3.5%SEK 120.00SEK 110.00SEK 121.904
Feb ’24SEK 114.90
SEK 116.75
+1.6%
3.5%SEK 120.00SEK 110.00SEK 120.704
Jan ’24SEK 111.10
SEK 124.25
+11.8%
9.7%SEK 142.00SEK 110.00SEK 122.004
Dec ’23SEK 114.70
SEK 122.25
+6.6%
9.8%SEK 142.00SEK 110.00SEK 109.204
Nov ’23SEK 109.00
SEK 121.75
+11.7%
10.3%SEK 142.00SEK 108.00SEK 99.554

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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