NCAB Group Valuation
Is NCAB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
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 NCAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NCAB (SEK69.2) is trading above our estimate of fair value (SEK68.92)
Significantly Below Fair Value: NCAB is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NCAB?
Other financial metrics that can be useful for relative valuation.
| What is NCAB's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | SEK 12.94b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.6x |
| Enterprise Value/EBITDA | 24.8x |
| PEG Ratio | 2.1x |
Price to Earnings Ratio vs Peers
How does NCAB's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 35x | ||
MYCR Mycronic | 22.8x | 12.8% | SEK 33.9b |
DUST Dustin Group | 34.1x | 71.9% | SEK 4.8b |
LAGR B Lagercrantz Group | 37.7x | 14.0% | SEK 33.6b |
HMS HMS Networks | 45.5x | 26.3% | SEK 19.2b |
NCAB NCAB Group | 38x | 18.3% | SEK 12.9b |
Price-To-Earnings vs Peers: NCAB is expensive based on its Price-To-Earnings Ratio (38x) compared to the peer average (35x).
Price to Earnings Ratio vs Industry
How does NCAB's PE Ratio compare vs other companies in the European Electronic Industry?
Price-To-Earnings vs Industry: NCAB is expensive based on its Price-To-Earnings Ratio (38x) compared to the European Electronic industry average (20.9x).
Price to Earnings Ratio vs Fair Ratio
What is NCAB'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 38x |
| Fair PE Ratio | 26.1x |
Price-To-Earnings vs Fair Ratio: NCAB is expensive based on its Price-To-Earnings Ratio (38x) compared to the estimated Fair Price-To-Earnings Ratio (26.1x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | SEK 69.20 | SEK 85.75 +23.9% | 5.1% | SEK 90.00 | SEK 80.00 | n/a | 4 |
| Jul ’25 | SEK 80.30 | SEK 77.50 -3.5% | 7.2% | SEK 86.00 | SEK 72.00 | n/a | 4 |
| Jun ’25 | SEK 80.55 | SEK 75.50 -6.3% | 5.3% | SEK 80.00 | SEK 71.00 | n/a | 4 |
| May ’25 | SEK 72.55 | SEK 75.50 +4.1% | 5.3% | SEK 80.00 | SEK 71.00 | n/a | 4 |
| Apr ’25 | SEK 70.15 | SEK 73.67 +5.0% | 3.4% | SEK 77.00 | SEK 71.00 | n/a | 3 |
| Mar ’25 | SEK 76.75 | SEK 73.67 -4.0% | 3.4% | SEK 77.00 | SEK 71.00 | n/a | 3 |
| Feb ’25 | SEK 69.15 | SEK 72.00 +4.1% | 1.1% | SEK 73.00 | SEK 71.00 | n/a | 3 |
| Jan ’25 | SEK 73.25 | SEK 69.00 -5.8% | 4.3% | SEK 72.00 | SEK 65.00 | n/a | 3 |
| Dec ’24 | SEK 65.90 | SEK 69.00 +4.7% | 4.3% | SEK 72.00 | SEK 65.00 | n/a | 3 |
| Nov ’24 | SEK 53.85 | SEK 79.33 +47.3% | 7.2% | SEK 86.00 | SEK 72.00 | n/a | 3 |
| Oct ’24 | SEK 53.85 | SEK 82.00 +52.3% | 3.4% | SEK 86.00 | SEK 80.00 | n/a | 3 |
| Sep ’24 | SEK 59.75 | SEK 82.00 +37.2% | 3.4% | SEK 86.00 | SEK 80.00 | n/a | 3 |
| Aug ’24 | SEK 62.30 | SEK 82.00 +31.6% | 3.4% | SEK 86.00 | SEK 80.00 | SEK 75.95 | 3 |
| Jul ’24 | SEK 84.05 | SEK 87.33 +3.9% | 2.9% | SEK 90.00 | SEK 84.00 | SEK 80.30 | 3 |
| Jun ’24 | SEK 84.05 | SEK 84.00 -0.06% | 3.9% | SEK 88.00 | SEK 80.00 | SEK 80.55 | 3 |
| May ’24 | SEK 78.15 | SEK 79.67 +1.9% | 4.6% | SEK 84.00 | SEK 75.00 | SEK 72.55 | 3 |
| Apr ’24 | SEK 61.00 | SEK 76.00 +24.6% | 1.3% | SEK 77.00 | SEK 75.00 | SEK 70.15 | 2 |
| Mar ’24 | SEK 57.90 | SEK 77.50 +33.9% | 0.6% | SEK 78.00 | SEK 77.00 | SEK 76.75 | 2 |
| Feb ’24 | SEK 67.65 | SEK 73.50 +8.6% | 2.0% | SEK 75.00 | SEK 72.00 | SEK 69.15 | 2 |
| Jan ’24 | SEK 64.95 | SEK 73.50 +13.2% | 2.0% | SEK 75.00 | SEK 72.00 | SEK 73.25 | 2 |
| Dec ’23 | SEK 64.75 | SEK 73.50 +13.5% | 2.0% | SEK 75.00 | SEK 72.00 | SEK 65.90 | 2 |
| Nov ’23 | SEK 50.45 | SEK 73.50 +45.7% | 4.8% | SEK 77.00 | SEK 70.00 | SEK 53.85 | 2 |
| Oct ’23 | SEK 45.83 | SEK 77.50 +69.1% | 0.6% | SEK 78.00 | SEK 77.00 | SEK 53.85 | 2 |
| Sep ’23 | SEK 47.86 | SEK 77.50 +61.9% | 0.6% | SEK 78.00 | SEK 77.00 | SEK 59.75 | 2 |
| Aug ’23 | SEK 62.16 | SEK 82.00 +31.9% | 4.9% | SEK 86.00 | SEK 78.00 | SEK 62.30 | 2 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.