Ependion AB

OM:EPEN Stock Report

Market Cap: SEK 2.7b

Ependion Valuation

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

Below Fair Value: EPEN (SEK92) is trading below our estimate of fair value (SEK143.02)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EPEN. This is calculated by dividing EPEN's market cap by their current earnings.
What is EPEN's PE Ratio?
PE Ratio17.1x
EarningsSEK 156.73m
Market CapSEK 2.67b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EPEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.8x
PRIC B Pricer
18x23.4%SEK 1.8b
FIRE Firefly
24.3xn/aSEK 1.2b
SGG Sensys Gatso Group
53.7x77.2%SEK 580.0m
BPCINS BPC Instruments
27.4xn/aSEK 385.8m
EPEN Ependion
17.1x1.9%SEK 2.7b

Price-To-Earnings vs Peers: EPEN is good value based on its Price-To-Earnings Ratio (17.1x) compared to the peer average (30.8x).

Price to Earnings Ratio vs Industry

How does EPEN's PE Ratio compare vs other companies in the European Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EPEN 17.1xIndustry Avg. 17.6xNo. of Companies18PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EPEN is good value based on its Price-To-Earnings Ratio (17.1x) compared to the European Electronic industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is EPEN'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.

EPEN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.1x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: EPEN is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the estimated Fair Price-To-Earnings Ratio (17x).

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 EPEN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 92.00
SEK 144.83
+57.4%
13.1%SEK 165.00SEK 119.50n/a3
Nov ’25SEK 104.40
SEK 144.83
+38.7%
13.1%SEK 165.00SEK 119.50n/a3
Oct ’25SEK 114.40
SEK 150.33
+31.4%
13.3%SEK 165.00SEK 122.00n/a3
Sep ’25SEK 108.40
SEK 143.50
+32.4%
15.0%SEK 165.00SEK 122.00n/a2
Aug ’25SEK 116.60
SEK 143.50
+23.1%
15.0%SEK 165.00SEK 122.00n/a2
Jul ’25SEK 128.60
SEK 143.00
+11.2%
9.1%SEK 156.00SEK 130.00n/a2
Jun ’25SEK 134.80
SEK 143.00
+6.1%
9.1%SEK 156.00SEK 130.00n/a2
May ’25SEK 108.60
SEK 143.00
+31.7%
9.1%SEK 156.00SEK 130.00n/a2
Apr ’25SEK 108.00
SEK 143.00
+32.4%
9.1%SEK 156.00SEK 130.00n/a2
Mar ’25SEK 98.20
SEK 143.00
+45.6%
9.1%SEK 156.00SEK 130.00n/a2
Feb ’25SEK 96.10
SEK 143.00
+48.8%
9.1%SEK 156.00SEK 130.00n/a2
Jan ’25SEK 125.60
SEK 137.00
+9.1%
5.1%SEK 144.00SEK 130.00n/a2
Dec ’24SEK 115.00
SEK 137.00
+19.1%
5.1%SEK 144.00SEK 130.00n/a2
Nov ’24SEK 104.00
SEK 137.00
+31.7%
5.1%SEK 144.00SEK 130.00SEK 104.402
Oct ’24SEK 117.40
SEK 137.00
+16.7%
5.1%SEK 144.00SEK 130.00SEK 114.402
Sep ’24SEK 137.00
SEK 137.00
0%
5.1%SEK 144.00SEK 130.00SEK 108.402
Aug ’24SEK 149.40
SEK 137.00
-8.3%
5.1%SEK 144.00SEK 130.00SEK 116.602
Jul ’24SEK 135.80
SEK 121.00
-10.9%
0.8%SEK 122.00SEK 120.00SEK 128.602
Jun ’24SEK 124.00
SEK 121.00
-2.4%
0.8%SEK 122.00SEK 120.00SEK 134.802
May ’24SEK 113.60
SEK 121.00
+6.5%
0.8%SEK 122.00SEK 120.00SEK 108.602
Apr ’24SEK 97.00
SEK 118.00
+21.6%
1.7%SEK 120.00SEK 116.00SEK 108.002
Mar ’24SEK 99.10
SEK 118.00
+19.1%
1.7%SEK 120.00SEK 116.00SEK 98.202
Feb ’24SEK 109.60
SEK 118.00
+7.7%
1.7%SEK 120.00SEK 116.00SEK 96.102
Jan ’24SEK 110.40
SEK 106.00
-4.0%
7.5%SEK 114.00SEK 98.00SEK 125.602
Dec ’23SEK 124.00
SEK 106.00
-14.5%
7.5%SEK 114.00SEK 98.00SEK 115.002
Nov ’23SEK 91.30
SEK 102.50
+12.3%
11.2%SEK 114.00SEK 91.00SEK 104.002

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Nokia Oyj

€21.8b

Provides mobile, fixed, and cloud network solutions worldwide.

NOKIA SEK

€46.89

7D

-3.9%

1Y

26.0%

Nordic LEVEL Group AB (publ.)

SEK 143.3m

Provides safety and security solutions primarily in Sweden.

LEVEL

SEK 0.75

7D

-7.4%

1Y

29.3%

DistIT

SEK 65.1m

Distributes accessories for IT, mobility, home electronics, network, and data communications in Sweden, Finland, Denmark, Norway, and rest of Europe.

DIST

SEK 2.32

7D

-9.7%

1Y

-54.5%