Hanza AB (publ)

OM:HANZA Stock Report

Market Cap: SEK 2.9b

Hanza Valuation

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

Below Fair Value: HANZA (SEK65.55) is trading below our estimate of fair value (SEK148.28)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HANZA. This is calculated by dividing HANZA's market cap by their current earnings.
What is HANZA's PE Ratio?
PE Ratio22.5x
EarningsSEK 127.00m
Market CapSEK 2.86b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HANZA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.9x
NOTE NOTE
13.8x20.0%SEK 3.7b
EPEN Ependion
17.3x1.9%SEK 2.7b
DUST Dustin Group
54.2x59.3%SEK 2.8b
PRIC B Pricer
18.5x23.4%SEK 1.8b
HANZA Hanza
22.5x32.0%SEK 2.9b

Price-To-Earnings vs Peers: HANZA is good value based on its Price-To-Earnings Ratio (22.5x) compared to the peer average (25.9x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HANZA 22.5xIndustry Avg. 17.6xNo. of Companies17PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HANZA is expensive based on its Price-To-Earnings Ratio (22.5x) compared to the European Electronic industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is HANZA'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.

HANZA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.5x
Fair PE Ratio31.1x

Price-To-Earnings vs Fair Ratio: HANZA is good value based on its Price-To-Earnings Ratio (22.5x) compared to the estimated Fair Price-To-Earnings Ratio (31.1x).

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 HANZA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 65.55
SEK 80.13
+22.2%
10.8%SEK 95.00SEK 73.50n/a4
Nov ’25SEK 69.45
SEK 80.13
+15.4%
10.8%SEK 95.00SEK 73.50n/a4
Oct ’25SEK 53.40
SEK 79.13
+48.2%
11.9%SEK 95.00SEK 71.50n/a4
Sep ’25SEK 64.55
SEK 82.25
+27.4%
12.7%SEK 100.00SEK 73.00n/a4
Aug ’25SEK 59.00
SEK 82.25
+39.4%
12.7%SEK 100.00SEK 73.00n/a4
Jul ’25SEK 63.85
SEK 86.25
+35.1%
11.8%SEK 100.00SEK 73.00n/a4
Jun ’25SEK 62.35
SEK 80.00
+28.3%
21.2%SEK 100.00SEK 56.00n/a4
May ’25SEK 57.75
SEK 87.75
+51.9%
16.4%SEK 105.00SEK 65.00n/a4
Apr ’25SEK 66.60
SEK 100.00
+50.2%
8.2%SEK 110.00SEK 90.00n/a3
Mar ’25SEK 69.60
SEK 100.00
+43.7%
8.2%SEK 110.00SEK 90.00n/a3
Feb ’25SEK 79.00
SEK 102.33
+29.5%
9.3%SEK 115.00SEK 92.00n/a3
Jan ’25SEK 85.30
SEK 102.33
+20.0%
9.3%SEK 115.00SEK 92.00n/a3
Dec ’24SEK 87.40
SEK 91.67
+4.9%
10.6%SEK 105.00SEK 82.00n/a3
Nov ’24SEK 70.70
SEK 100.00
+41.4%
7.5%SEK 110.00SEK 92.00SEK 69.453
Oct ’24SEK 67.70
SEK 100.00
+47.7%
7.5%SEK 110.00SEK 92.00SEK 53.403
Sep ’24SEK 71.70
SEK 100.00
+39.5%
7.5%SEK 110.00SEK 92.00SEK 64.553
Aug ’24SEK 85.40
SEK 100.00
+17.1%
7.5%SEK 110.00SEK 92.00SEK 59.003
Jul ’24SEK 95.00
SEK 87.33
-8.1%
17.4%SEK 100.00SEK 66.00SEK 63.853
Jun ’24SEK 96.10
SEK 87.33
-9.1%
17.4%SEK 100.00SEK 66.00SEK 62.353
May ’24SEK 78.90
SEK 72.47
-8.2%
12.2%SEK 85.00SEK 66.00SEK 57.753
Apr ’24SEK 76.60
SEK 72.47
-5.4%
12.2%SEK 85.00SEK 66.00SEK 66.603
Mar ’24SEK 71.80
SEK 66.20
-7.8%
0.3%SEK 66.40SEK 66.00SEK 69.602
Feb ’24SEK 64.30
SEK 56.00
-12.9%
1.8%SEK 57.00SEK 55.00SEK 79.002
Jan ’24SEK 51.10
SEK 56.00
+9.6%
1.8%SEK 57.00SEK 55.00SEK 85.302
Dec ’23SEK 48.65
SEK 56.00
+15.1%
1.8%SEK 57.00SEK 55.00SEK 87.402
Nov ’23SEK 48.65
SEK 55.50
+14.1%
0.9%SEK 56.00SEK 55.00SEK 70.702

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

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