B3 Consulting Group AB (publ)

OM:B3 Stock Report

Market Cap: SEK 660.6m

B3 Consulting Group Valuation

Is B3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 B3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: B3 (SEK72.5) is trading below our estimate of fair value (SEK383.9)

Significantly Below Fair Value: B3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for B3?

Key metric: As B3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for B3. This is calculated by dividing B3's market cap by their current earnings.
What is B3's PE Ratio?
PE Ratio7.1x
EarningsSEK 92.80m
Market CapSEK 660.59m

Price to Earnings Ratio vs Peers

How does B3's PE Ratio compare to its peers?

The above table shows the PE ratio for B3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.2x
GENI Generic Sweden
26.2x19.8%SEK 619.5m
NTEK B Novotek
16.5xn/aSEK 771.7m
CAG CAG Group
15.4x12.0%SEK 795.6m
CX CombinedX
10.7x15.6%SEK 567.8m
B3 B3 Consulting Group
7.1x-3.9%SEK 660.6m

Price-To-Earnings vs Peers: B3 is good value based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (17.2x).

Price to Earnings Ratio vs Industry

How does B3's PE Ratio compare vs other companies in the SE IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
B3 7.1xIndustry Avg. 15.4xNo. of Companies4PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: B3 is good value based on its Price-To-Earnings Ratio (7.1x) compared to the Swedish IT industry average (15.4x).

Price to Earnings Ratio vs Fair Ratio

What is B3'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.

B3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.1x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: B3 is good value based on its Price-To-Earnings Ratio (7.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).

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 B3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 72.50
SEK 130.00
+79.3%
26.9%SEK 165.00SEK 95.00n/a2
Dec ’25SEK 71.60
SEK 130.00
+81.6%
26.9%SEK 165.00SEK 95.00n/a2
Nov ’25SEK 78.00
SEK 130.00
+66.7%
26.9%SEK 165.00SEK 95.00n/a2
Oct ’25SEK 87.60
SEK 131.50
+50.1%
25.5%SEK 165.00SEK 98.00n/a2
Sep ’25SEK 90.80
SEK 131.50
+44.8%
25.5%SEK 165.00SEK 98.00n/a2
Aug ’25SEK 85.00
SEK 131.50
+54.7%
25.5%SEK 165.00SEK 98.00n/a2
Jul ’25SEK 80.80
SEK 121.50
+50.4%
35.8%SEK 165.00SEK 78.00n/a2
Jun ’25SEK 79.00
SEK 121.50
+53.8%
35.8%SEK 165.00SEK 78.00n/a2
May ’25SEK 69.20
SEK 120.00
+73.4%
37.5%SEK 165.00SEK 75.00n/a2
Apr ’25SEK 89.00
SEK 137.50
+54.5%
20.0%SEK 165.00SEK 110.00n/a2
Mar ’25SEK 90.20
SEK 137.50
+52.4%
20.0%SEK 165.00SEK 110.00n/a2
Feb ’25SEK 91.40
SEK 141.50
+54.8%
16.6%SEK 165.00SEK 118.00n/a2
Jan ’25SEK 110.00
SEK 145.00
+31.8%
13.8%SEK 165.00SEK 125.00n/a2
Dec ’24SEK 85.50
SEK 145.00
+69.6%
13.8%SEK 165.00SEK 125.00SEK 71.602
Nov ’24SEK 77.60
SEK 145.00
+86.9%
13.8%SEK 165.00SEK 125.00SEK 78.002
Oct ’24SEK 87.40
SEK 175.00
+100.2%
5.7%SEK 185.00SEK 165.00SEK 87.602
Sep ’24SEK 94.70
SEK 175.00
+84.8%
5.7%SEK 185.00SEK 165.00SEK 90.802
Aug ’24SEK 101.00
SEK 175.00
+73.3%
5.7%SEK 185.00SEK 165.00SEK 85.002
Jul ’24SEK 120.60
SEK 207.50
+72.1%
8.4%SEK 225.00SEK 190.00SEK 80.802
Jun ’24SEK 129.00
SEK 215.00
+66.7%
11.6%SEK 240.00SEK 190.00SEK 79.002
May ’24SEK 156.60
SEK 215.00
+37.3%
11.6%SEK 240.00SEK 190.00SEK 69.202
Apr ’24SEK 192.50
SEK 215.00
+11.7%
11.6%SEK 240.00SEK 190.00SEK 89.002

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:49
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

B3 Consulting Group AB (publ) is covered by 5 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 Sponsored
André BuhagenKepler Cheuvreux
Stefan WårdPareto Securities