CodeMill AB (publ)

OM:CDMIL Stock Report

Market Cap: SEK 307.8m

CodeMill Valuation

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

Valuation Score

4/6

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

Discounted Cash Flow
Simply Wall St
SEK 51.23
Fair Value
55.9% undervalued intrinsic discount
0
Number of Analysts

Below Fair Value: CDMIL (SEK22.6) is trading below our estimate of fair value (SEK51.23)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CDMIL. This is calculated by dividing CDMIL's market cap by their current earnings.
What is CDMIL's PE Ratio?
PE Ratio28.1x
EarningsSEK 10.94m
Market CapSEK 307.85m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CDMIL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.3x
AVEN Avensia
22.8x23.9%SEK 384.2m
OPTER Opter
37.3xn/aSEK 651.0m
UPSALE Upsales Technology
32.8x20.8%SEK 606.2m
MEGR Mediacle Group
20.2xn/aSEK 157.6m
CDMIL CodeMill
28.1x25.9%SEK 307.8m

Price-To-Earnings vs Peers: CDMIL is good value based on its Price-To-Earnings Ratio (28.1x) compared to the peer average (28.3x).

Price to Earnings Ratio vs Industry

How does CDMIL's PE Ratio compare vs other companies in the SE Software Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
247 24SevenOffice Group
0.9xn/aUS$133.19m
SPEONE SpectrumOne
1.5xn/aUS$9.53m
No more companies available in this PE range
CDMIL 28.1xIndustry Avg. 35.1xNo. of Companies3PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CDMIL is good value based on its Price-To-Earnings Ratio (28.1x) compared to the Swedish Software industry average (35.1x).

Price to Earnings Ratio vs Fair Ratio

What is CDMIL'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.

CDMIL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.1x
Fair PE Ratio24.9x

Price-To-Earnings vs Fair Ratio: CDMIL is expensive based on its Price-To-Earnings Ratio (28.1x) compared to the estimated Fair Price-To-Earnings Ratio (24.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/17 03:32
End of Day Share Price 2025/03/14 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

CodeMill AB (publ) is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hugo LisjoPenser Access