Svenska Cellulosa Aktiebolaget Valuation

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

SCA B (SEK139.55) is trading above our estimate of [[fair value]] (SEK62.26)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: SCA B (SEK139.55) is trading above our estimate of fair value (SEK62.26)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for SCA B. This is calculated by dividing SCA B's market cap by their current preferred multiple.
What is SCA B's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	SEK 98.27b

SCA 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	5.4x
Enterprise Value/EBITDA	26.8x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SCA 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	13.2x
HOLM B Holmen	21x	6.4%	SEK 64.3b
BOL Boliden	11x	10.3%	SEK 85.1b
SSAB A SSAB	5x	-6.8%	SEK 51.4b
HPOL B HEXPOL	15.8x	6.0%	SEK 39.3b
SCA B Svenska Cellulosa Aktiebolaget	29.9x	18.8%	SEK 98.3b

Price-To-Earnings vs Peers: SCA B is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the peer average (13.2x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	22.3%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	22.3%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: SCA B is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the European Forestry industry average (11.1x).

Price to Earnings Ratio vs Fair Ratio

What is SCA 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.

SCA B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	29.9x
Fair PE Ratio	22x

Price-To-Earnings vs Fair Ratio: SCA B is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the estimated Fair Price-To-Earnings Ratio (22x).

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 SCA 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 139.55	SEK 159.69 +14.4%	14.9%	SEK 185.00	SEK 110.00	n/a	13
Jul ’25	SEK 156.05	SEK 160.75 +3.0%	17.0%	SEK 190.00	SEK 105.00	n/a	12
Jun ’25	SEK 160.85	SEK 160.17 -0.4%	17.5%	SEK 190.00	SEK 105.00	n/a	12
May ’25	SEK 162.05	SEK 160.17 -1.2%	17.5%	SEK 190.00	SEK 105.00	n/a	12
Apr ’25	SEK 164.30	SEK 154.58 -5.9%	16.8%	SEK 185.00	SEK 100.00	n/a	12
Mar ’25	SEK 146.70	SEK 156.00 +6.3%	13.2%	SEK 180.00	SEK 100.00	n/a	11
Feb ’25	SEK 140.35	SEK 156.82 +11.7%	13.4%	SEK 180.00	SEK 100.00	n/a	11
Jan ’25	SEK 151.10	SEK 158.45 +4.9%	11.9%	SEK 185.00	SEK 112.00	n/a	11
Dec ’24	SEK 157.80	SEK 161.90 +2.6%	13.1%	SEK 190.00	SEK 112.00	n/a	10
Nov ’24	SEK 154.20	SEK 159.50 +3.4%	13.8%	SEK 190.00	SEK 112.00	n/a	10
Oct ’24	SEK 149.95	SEK 154.33 +2.9%	14.8%	SEK 185.00	SEK 109.00	n/a	9
Sep ’24	SEK 145.85	SEK 154.33 +5.8%	14.5%	SEK 185.00	SEK 111.00	n/a	9
Aug ’24	SEK 139.50	SEK 154.33 +10.6%	14.5%	SEK 185.00	SEK 111.00	SEK 143.00	9
Jul ’24	SEK 137.45	SEK 157.00 +14.2%	12.8%	SEK 190.00	SEK 122.00	SEK 156.05	9
Jun ’24	SEK 145.65	SEK 155.56 +6.8%	14.5%	SEK 190.00	SEK 110.00	SEK 160.85	9
May ’24	SEK 140.45	SEK 152.56 +8.6%	14.8%	SEK 190.00	SEK 110.00	SEK 162.05	9
Apr ’24	SEK 136.45	SEK 156.50 +14.7%	17.7%	SEK 208.00	SEK 110.00	SEK 164.30	8
Mar ’24	SEK 146.30	SEK 164.57 +12.5%	14.5%	SEK 208.00	SEK 134.00	SEK 146.70	7
Feb ’24	SEK 149.95	SEK 164.00 +9.4%	15.0%	SEK 208.00	SEK 130.00	SEK 140.35	7
Jan ’24	SEK 131.95	SEK 164.00 +24.3%	15.6%	SEK 208.00	SEK 130.00	SEK 151.10	7
Dec ’23	SEK 141.95	SEK 163.14 +14.9%	15.6%	SEK 208.00	SEK 130.00	SEK 157.80	7
Nov ’23	SEK 130.55	SEK 167.75 +28.5%	13.5%	SEK 208.00	SEK 130.00	SEK 154.20	8
Oct ’23	SEK 142.00	SEK 168.75 +18.8%	12.9%	SEK 208.00	SEK 133.00	SEK 149.95	8
Sep ’23	SEK 155.60	SEK 166.50 +7.0%	12.3%	SEK 206.00	SEK 133.00	SEK 145.85	8
Aug ’23	SEK 145.35	SEK 169.00 +16.3%	10.1%	SEK 206.00	SEK 149.00	SEK 139.50	8

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