Exsitec Holding AB (publ)

OM:EXS Stock Report

Market Cap: SEK 1.9b

Exsitec Holding Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: EXS (SEK140) is trading below our estimate of future cash flow value (SEK246.74)

Significantly Below Future Cash Flow Value: EXS is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EXS. This is calculated by dividing EXS's market cap by their current earnings.
What is EXS's PE Ratio?
PE Ratio25.6x
EarningsSEK 73.51m
Market CapSEK 1.88b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EXS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.2x
PREV B Prevas
16.5xn/aSEK 1.2b
ENEA Enea
12.5x27.76%SEK 1.3b
PACT Proact IT Group
16.7x17.71%SEK 2.7b
SOF B Softronic
14.9xn/aSEK 1.1b
EXS Exsitec Holding
25.6x17.57%SEK 1.9b

Price-To-Earnings vs Peers: EXS is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the peer average (15.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does EXS'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
EXS 25.6xIndustry Avg. 19.8xNo. of Companies6PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EXS is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the European IT industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is EXS'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.

EXS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.6x
Fair PE Ratio21.3x

Price-To-Earnings vs Fair Ratio: EXS is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).

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 EXS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 140.00
SEK 187.50
+33.93%
1.33%SEK 190.00SEK 185.00n/a2
Oct ’26SEK 141.50
SEK 174.00
+22.97%
5.17%SEK 183.00SEK 165.00n/a2
Sep ’26SEK 144.50
SEK 174.00
+20.42%
5.17%SEK 183.00SEK 165.00n/a2
Aug ’26SEK 130.50
SEK 174.00
+33.33%
5.17%SEK 183.00SEK 165.00n/a2
Jul ’26SEK 133.00
SEK 181.50
+36.47%
6.34%SEK 193.00SEK 170.00n/a2
Jun ’26SEK 118.50
SEK 181.50
+53.16%
6.34%SEK 193.00SEK 170.00n/a2
May ’26SEK 125.00
SEK 181.50
+45.20%
6.34%SEK 193.00SEK 170.00n/a2
Mar ’26SEK 117.00
SEK 182.00
+55.56%
1.10%SEK 184.00SEK 180.00n/a2
Feb ’26SEK 131.50
SEK 199.50
+51.71%
7.27%SEK 214.00SEK 185.00n/a2
Jan ’26SEK 141.00
SEK 199.50
+41.49%
7.27%SEK 214.00SEK 185.00SEK 153.002
Dec ’25SEK 144.00
SEK 200.50
+39.24%
5.74%SEK 212.00SEK 189.00SEK 154.002
Nov ’25SEK 139.00
SEK 200.50
+44.24%
5.74%SEK 212.00SEK 189.00SEK 160.002
Oct ’25SEK 178.00
SEK 206.00
+15.73%
4.37%SEK 215.00SEK 197.00SEK 141.502
SEK 187.5
Fair Value
25.3% undervalued intrinsic discount
2
Number of Analysts

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 Analysis2026/01/30 14:53
End of Day Share Price 2026/01/30 00:00
Earnings2025/09/30
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

Exsitec Holding AB (publ) is covered by 6 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
Carl RagnerstamNordea Markets
Raymond KeNordea Markets
Thomas NilssonNordea Markets