Mycronic AB (publ)

OM:MYCR Stock Report

Market Cap: SEK 38.2b

Mycronic Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 MYCR 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: MYCR (SEK195.82) is trading below our estimate of future cash flow value (SEK213.69)

Significantly Below Future Cash Flow Value: MYCR is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MYCR. This is calculated by dividing MYCR's market cap by their current earnings.
What is MYCR's PE Ratio?
PE Ratio24.5x
EarningsSEK 1.56b
Market CapSEK 38.24b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MYCR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31x
LAGR B Lagercrantz Group
38x12.23%SEK 43.5b
HEXA B Hexagon
40.1x16.16%SEK 264.3b
EPEN Ependion
21.5x25.25%SEK 3.2b
FIRE Firefly
24.6xn/aSEK 1.2b
MYCR Mycronic
24.5x7.54%SEK 38.2b

Price-To-Earnings vs Peers: MYCR is good value based on its Price-To-Earnings Ratio (24.5x) compared to the peer average (31x).

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 MYCR's PE Ratio compare vs other companies in the European Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MYCR 24.5xIndustry Avg. 24.5xNo. of Companies14PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MYCR is good value based on its Price-To-Earnings Ratio (24.5x) compared to the European Electronic industry average (24.6x).

Price to Earnings Ratio vs Fair Ratio

What is MYCR'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.

MYCR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.5x
Fair PE Ratio23.5x

Price-To-Earnings vs Fair Ratio: MYCR is expensive based on its Price-To-Earnings Ratio (24.5x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).

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 MYCR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 195.82
SEK 215.00
+9.79%
21.22%SEK 254.00SEK 151.00n/a3
Feb ’27SEK 205.80
SEK 218.67
+6.25%
18.86%SEK 255.00SEK 161.00n/a3
Jan ’27SEK 223.25
SEK 218.67
-2.05%
18.86%SEK 255.00SEK 161.00n/a3
Dec ’26SEK 216.85
SEK 218.67
+0.84%
18.86%SEK 255.00SEK 161.00n/a3
Nov ’26SEK 224.15
SEK 217.33
-3.04%
18.44%SEK 251.00SEK 161.00n/a3
Jul ’26SEK 201.00
SEK 214.30
+6.62%
8.73%SEK 233.00SEK 195.60n/a2
Jun ’26SEK 189.20
SEK 235.50
+24.47%
6.98%SEK 250.00SEK 212.50n/a3
May ’26SEK 192.30
SEK 247.17
+28.53%
1.00%SEK 250.00SEK 244.00n/a3
Apr ’26SEK 213.40
SEK 263.33
+23.40%
1.18%SEK 267.50SEK 260.00n/a3
Mar ’26SEK 226.90
SEK 263.75
+16.24%
1.42%SEK 267.50SEK 260.00n/a2
Feb ’26SEK 225.20
SEK 239.00
+6.13%
5.86%SEK 253.00SEK 225.00SEK 205.802
Jan ’26SEK 199.70
SEK 234.75
+17.55%
5.22%SEK 247.00SEK 222.50SEK 223.252
Dec ’25SEK 193.30
SEK 234.75
+21.44%
5.22%SEK 247.00SEK 222.50SEK 216.852
Nov ’25SEK 204.50
SEK 238.50
+16.63%
3.56%SEK 247.00SEK 230.00SEK 224.152
Oct ’25SEK 193.90
SEK 237.50
+22.49%
3.16%SEK 245.00SEK 230.00SEK 213.002
Sep ’25SEK 188.90
SEK 237.50
+25.73%
3.16%SEK 245.00SEK 230.00SEK 211.202
Aug ’25SEK 184.00
SEK 237.50
+29.08%
3.16%SEK 245.00SEK 230.00SEK 209.302
Jul ’25SEK 203.30
SEK 220.00
+8.21%
6.82%SEK 235.00SEK 205.00SEK 201.002
Jun ’25SEK 206.60
SEK 210.00
+1.65%
11.90%SEK 235.00SEK 185.00SEK 189.202
May ’25SEK 193.90
SEK 210.00
+8.30%
11.90%SEK 235.00SEK 185.00SEK 192.302
Apr ’25SEK 189.00
SEK 205.00
+8.47%
14.63%SEK 235.00SEK 175.00SEK 213.402
SEK 215
Fair Value
8.9% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/23 09:05
End of Day Share Price 2026/02/23 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

Mycronic AB (publ) is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nils SjogrenABG Sundal Collier Sponsored
Oliver WongBofA Global Research
Mikael LaséenCarnegie Investment Bank AB