Sleep Cycle AB (publ)

OM:SLEEP Stock Report

Market Cap: SEK 527.2m

Sleep Cycle Valuation

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

SEK 71.77
Fair Value
62.9% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: SLEEP (SEK26) is trading below our estimate of fair value (SEK71.73)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SLEEP. This is calculated by dividing SLEEP's market cap by their current earnings.
What is SLEEP's PE Ratio?
PE Ratio8.4x
EarningsSEK 62.44m
Market CapSEK 527.22m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SLEEP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.4x
UPSALE Upsales Technology
29x27.48%SEK 510.2m
OPTER Opter
32.3xn/aSEK 531.6m
4C 4C Group
31.9xn/aSEK 543.5m
DONE Done.ai Group
0.3xn/aSEK 584.9m
SLEEP Sleep Cycle
8.4x4.43%SEK 527.2m

Price-To-Earnings vs Peers: SLEEP is good value based on its Price-To-Earnings Ratio (8.4x) compared to the peer average (23.4x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DONE Done.ai Group
0.3xn/aUS$61.46m
SPEONE SpectrumOne
1.7xn/aUS$6.15m
TIRO Transiro Holding
4.2xn/aUS$2.88m
No more companies available in this PE range
SLEEP 8.4xIndustry Avg. 31.9xNo. of Companies4PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SLEEP is good value based on its Price-To-Earnings Ratio (8.4x) compared to the Swedish Software industry average (32.2x).

Price to Earnings Ratio vs Fair Ratio

What is SLEEP'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.

SLEEP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.4x
Fair PE Ratio15.8x

Price-To-Earnings vs Fair Ratio: SLEEP is good value based on its Price-To-Earnings Ratio (8.4x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).

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 SLEEP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 26.00
SEK 39.50
+51.92%
8.86%SEK 43.00SEK 36.00n/a2
Oct ’26SEK 26.55
SEK 39.50
+48.78%
8.86%SEK 43.00SEK 36.00n/a2
Sep ’26SEK 29.50
SEK 39.50
+33.90%
8.86%SEK 43.00SEK 36.00n/a2
Aug ’26SEK 29.25
SEK 44.75
+52.99%
9.50%SEK 49.00SEK 40.50n/a2
Jul ’26SEK 31.05
SEK 44.75
+44.12%
9.50%SEK 49.00SEK 40.50n/a2
Jun ’26SEK 30.60
SEK 39.67
+29.63%
24.90%SEK 49.00SEK 26.00n/a3
May ’26SEK 30.70
SEK 39.67
+29.21%
24.90%SEK 49.00SEK 26.00n/a3
Apr ’26SEK 46.20
SEK 43.33
-6.20%
28.84%SEK 55.00SEK 26.00n/a3
Mar ’26SEK 46.10
SEK 52.00
+12.80%
5.77%SEK 55.00SEK 49.00n/a2
Jul ’25SEK 37.00
SEK 35.00
-5.41%
25.71%SEK 44.00SEK 26.00SEK 31.052
Jun ’25SEK 37.80
SEK 35.00
-7.41%
25.71%SEK 44.00SEK 26.00SEK 30.602
May ’25SEK 34.20
SEK 35.00
+2.34%
25.71%SEK 44.00SEK 26.00SEK 30.702
Apr ’25SEK 36.50
SEK 35.00
-4.11%
25.71%SEK 44.00SEK 26.00SEK 46.202
Mar ’25SEK 33.70
SEK 35.00
+3.86%
25.71%SEK 44.00SEK 26.00SEK 46.102
Feb ’25SEK 35.50
SEK 35.00
-1.41%
25.71%SEK 44.00SEK 26.00SEK 41.502
Jan ’25SEK 38.60
SEK 35.00
-9.33%
25.71%SEK 44.00SEK 26.00SEK 37.602
Dec ’24SEK 31.80
SEK 35.00
+10.06%
25.71%SEK 44.00SEK 26.00SEK 40.602
Nov ’24SEK 29.50
SEK 38.00
+28.81%
15.79%SEK 44.00SEK 32.00SEK 43.202
Oct ’24SEK 23.40
SEK 38.00
+62.39%
15.79%SEK 44.00SEK 32.00SEK 44.502
SEK 39.5
Fair Value
32.7% 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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/10 07:54
End of Day Share Price 2025/10/10 00:00
Earnings2025/06/30
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

Sleep Cycle AB (publ) is covered by 3 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
Oscar ErixonCarnegie Investment Bank AB
Rikard EngbergDNB Carnegie Commissioned Research
Jessica GrunewaldRedeye