Elanders Valuation

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

Below Fair Value: ELAN B (SEK87.8) is trading below our estimate of fair value (SEK661.65)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ELAN B. This is calculated by dividing ELAN B's market cap by their current earnings.
What is ELAN B's PE Ratio?
PE Ratio	10.7x
Earnings	SEK 290.00m
Market Cap	SEK 3.10b

ELAN B key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	10.4x
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

How does ELAN B's PE Ratio compare to its peers?

The above table shows the PE ratio for ELAN B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	59.8x
JETPAK Jetpak Top Holding	16.9x	20.3%	SEK 1.3b
GOTL A Rederiaktiebolaget Gotland	25.2x	n/a	SEK 5.6b
VSSAB B Viking Supply Ships	36.8x	n/a	SEK 1.2b
001317 San Yang Ma (Chongqing) LogisticsLtd	160.1x	n/a	CN¥2.2b
ELAN B Elanders	10.7x	18.4%	SEK 3.1b

Price-To-Earnings vs Peers: ELAN B is good value based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (59.3x).

Price to Earnings Ratio vs Industry

How does ELAN B's PE Ratio compare vs other companies in the European Logistics Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ELAN B is good value based on its Price-To-Earnings Ratio (10.7x) compared to the European Logistics industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is ELAN B'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.

ELAN B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.7x
Fair PE Ratio	15.7x

Price-To-Earnings vs Fair Ratio: ELAN B is good value based on its Price-To-Earnings Ratio (10.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.7x).

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 ELAN B forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	SEK 87.80	SEK 125.75 +43.2%	15.3%	SEK 145.00	SEK 106.50	n/a	2
Nov ’25	SEK 98.50	SEK 125.75 +27.7%	15.3%	SEK 145.00	SEK 106.50	n/a	2
Apr ’25	SEK 124.80	SEK 137.75 +10.4%	8.9%	SEK 150.00	SEK 125.50	n/a	2
Mar ’25	SEK 106.00	SEK 137.75 +30.0%	8.9%	SEK 150.00	SEK 125.50	n/a	2
Jul ’24	SEK 119.20	SEK 192.25 +61.3%	9.2%	SEK 210.00	SEK 174.50	SEK 102.60	2
Jun ’24	SEK 121.80	SEK 192.25 +57.8%	9.2%	SEK 210.00	SEK 174.50	SEK 106.00	2
May ’24	SEK 130.20	SEK 192.25 +47.7%	9.2%	SEK 210.00	SEK 174.50	SEK 98.40	2

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.