Pandox AB (publ)

OM:PNDX B Stock Report

Market Cap: SEK 38.6b

Pandox Valuation

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

Discounted Cash Flow
Simply Wall St
SEK 38.59
Fair Value
414.1% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: PNDX B (SEK198.4) is trading above our estimate of fair value (SEK38.59)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PNDX B. This is calculated by dividing PNDX B's market cap by their current earnings.
What is PNDX B's PE Ratio?
PE Ratio22.9x
EarningsSEK 1.69b
Market CapSEK 38.61b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PNDX B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.9x
WIHL Wihlborgs Fastigheter
19.5x8.9%SEK 33.2b
CATE Catena
20.6x13.5%SEK 29.1b
WALL B Wallenstam
41.7x23.3%SEK 32.3b
HUFV A Hufvudstaden
69.6x30.0%SEK 25.4b
PNDX B Pandox
22.9x14.7%SEK 38.6b

Price-To-Earnings vs Peers: PNDX B is good value based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (37.9x).

Price to Earnings Ratio vs Industry

How does PNDX B's PE Ratio compare vs other companies in the SE Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AJA B Byggmästare Anders J Ahlström Holding
2.6xn/aUS$177.83m
TORSAB Torslanda Property Investment
1.8xn/aUS$95.65m
TITA B Titania Holding
1.9x-1.3%US$50.27m
HALMEN Halmslätten Fastighets
1.2xn/aUS$35.58m
PNDX B 22.9xIndustry Avg. 22.2xNo. of Companies7PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PNDX B is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the Swedish Real Estate industry average (22.2x).

Price to Earnings Ratio vs Fair Ratio

What is PNDX 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.

PNDX B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ratio30.8x

Price-To-Earnings vs Fair Ratio: PNDX B is good value based on its Price-To-Earnings Ratio (22.9x) compared to the estimated Fair Price-To-Earnings Ratio (30.8x).

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 PNDX B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 198.40
SEK 223.33
+12.6%
2.8%SEK 230.00SEK 215.00n/a3
Feb ’26SEK 202.50
SEK 221.25
+9.3%
2.5%SEK 230.00SEK 215.00n/a4
Jan ’26SEK 191.80
SEK 225.00
+17.3%
3.1%SEK 230.00SEK 215.00n/a3
Dec ’25SEK 192.40
SEK 222.50
+15.6%
3.4%SEK 230.00SEK 215.00n/a2
Nov ’25SEK 185.80
SEK 217.50
+17.1%
1.1%SEK 220.00SEK 215.00n/a2
Oct ’25SEK 209.00
SEK 215.00
+2.9%
2.3%SEK 220.00SEK 210.00n/a2
Sep ’25SEK 197.00
SEK 212.50
+7.9%
3.5%SEK 220.00SEK 205.00n/a2
Aug ’25SEK 200.00
SEK 212.50
+6.3%
3.5%SEK 220.00SEK 205.00n/a2
Jul ’25SEK 189.00
SEK 187.50
-0.8%
6.7%SEK 200.00SEK 175.00n/a2
Jun ’25SEK 189.60
SEK 172.50
-9.0%
1.4%SEK 175.00SEK 170.00n/a2
May ’25SEK 172.40
SEK 172.50
+0.06%
1.4%SEK 175.00SEK 170.00n/a2
Apr ’25SEK 179.70
SEK 172.50
-4.0%
1.4%SEK 175.00SEK 170.00n/a2
Mar ’25SEK 157.80
SEK 172.50
+9.3%
1.4%SEK 175.00SEK 170.00n/a2
Feb ’25SEK 140.10
SEK 162.50
+16.0%
1.5%SEK 165.00SEK 160.00SEK 202.502
Jan ’25SEK 150.40
SEK 135.00
-10.2%
3.7%SEK 140.00SEK 130.00SEK 191.802
Dec ’24SEK 129.30
SEK 135.00
+4.4%
3.7%SEK 140.00SEK 130.00SEK 192.402
Nov ’24SEK 110.70
SEK 133.33
+20.4%
7.1%SEK 140.00SEK 120.00SEK 185.803
Oct ’24SEK 116.30
SEK 136.67
+17.5%
9.1%SEK 150.00SEK 120.00SEK 209.003
Sep ’24SEK 123.10
SEK 136.67
+11.0%
9.1%SEK 150.00SEK 120.00SEK 197.003
Aug ’24SEK 123.20
SEK 136.67
+10.9%
9.1%SEK 150.00SEK 120.00SEK 200.003
Jul ’24SEK 125.60
SEK 136.67
+8.8%
9.1%SEK 150.00SEK 120.00SEK 189.003
Jun ’24SEK 112.10
SEK 136.67
+21.9%
9.1%SEK 150.00SEK 120.00SEK 189.603
May ’24SEK 121.90
SEK 143.33
+17.6%
11.9%SEK 160.00SEK 120.00SEK 172.403
Apr ’24SEK 129.40
SEK 165.00
+27.5%
3.0%SEK 170.00SEK 160.00SEK 179.702
Mar ’24SEK 138.60
SEK 165.00
+19.0%
3.0%SEK 170.00SEK 160.00SEK 157.802
Feb ’24SEK 144.50
SEK 160.00
+10.7%
6.3%SEK 170.00SEK 150.00SEK 140.102
Analyst Price Target
Consensus Narrative from 3 Analysts
SEK 223.33
Fair Value
11.2% undervalued intrinsic discount
3
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/16 08:17
End of Day Share Price 2025/02/14 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pandox AB (publ) is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
null nullABG Sundal Collier Sponsored
Erik GranströmCarnegie Investment Bank AB