Svenska Handelsbanken AB (publ)

OTCPK:SVNL.F Stock Report

Market Cap: US$20.2b

Svenska Handelsbanken Valuation

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

Below Fair Value: SVNL.F ($10.29) is trading below our estimate of fair value ($18.97)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SVNL.F?

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

The above table shows the Price to Earnings ratio for SVNL.F. This is calculated by dividing SVNL.F's market cap by their current earnings.
What is SVNL.F's PE Ratio?
PE Ratio8.2x
EarningsSEK 26.98b
Market CapSEK 221.52b

Price to Earnings Ratio vs Peers

How does SVNL.F's PE Ratio compare to its peers?

The above table shows the PE ratio for SVNL.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.8x
BAP Credicorp
11.2x11.9%US$15.3b
FITB Fifth Third Bancorp
15.2x8.1%US$31.5b
CMA Comerica
16.8x10.9%US$9.1b
FCNC.A First Citizens BancShares
12.1x-7.9%US$30.4b
SVNL.F Svenska Handelsbanken
8.2x-6.0%US$221.5b

Price-To-Earnings vs Peers: SVNL.F is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (13.9x).

Price to Earnings Ratio vs Industry

How does SVNL.F's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
SVNL.F 8.2xIndustry Avg. 12.9xNo. of Companies77PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SVNL.F is good value based on its Price-To-Earnings Ratio (8.2x) compared to the US Banks industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is SVNL.F'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.

SVNL.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ratio13x

Price-To-Earnings vs Fair Ratio: SVNL.F is good value based on its Price-To-Earnings Ratio (8.2x) compared to the estimated Fair Price-To-Earnings Ratio (13x).

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 SVNL.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$10.72
US$10.56
-1.5%
14.0%US$13.65US$8.75n/a16
Oct ’25US$9.89
US$10.66
+7.8%
13.7%US$13.63US$8.77n/a17
Sep ’25US$10.53
US$10.46
-0.7%
14.3%US$13.28US$8.54n/a15
Aug ’25US$10.25
US$10.27
+0.2%
13.9%US$13.00US$8.36n/a15
Jul ’25US$9.76
US$9.96
+2.0%
12.8%US$12.63US$8.01n/a15
Jun ’25US$9.53
US$10.00
+5.0%
14.2%US$12.94US$7.97n/a15
May ’25US$8.61
US$10.12
+17.5%
14.4%US$12.68US$7.81n/a15
Apr ’25US$10.23
US$10.98
+7.3%
12.5%US$12.61US$7.94n/a15
Mar ’25US$12.00
US$11.46
-4.4%
12.3%US$13.76US$8.24n/a18
Feb ’25US$10.91
US$10.79
-1.1%
13.7%US$13.40US$7.76n/a18
Jan ’25US$10.99
US$10.75
-2.2%
14.7%US$13.66US$7.64n/a17
Dec ’24US$9.50
US$10.74
+13.1%
14.6%US$13.62US$7.62n/a17
Nov ’24US$8.34
US$10.16
+21.9%
13.7%US$12.84US$7.18US$10.7218
Oct ’24US$8.91
US$10.23
+14.8%
12.3%US$12.63US$7.32US$9.8918
Sep ’24US$8.46
US$10.33
+22.2%
11.9%US$12.88US$7.93US$10.5320
Aug ’24US$8.82
US$10.66
+20.8%
12.1%US$13.30US$8.19US$10.2520
Jul ’24US$8.31
US$10.63
+28.0%
11.0%US$12.86US$7.98US$9.7619
Jun ’24US$8.17
US$10.52
+28.7%
11.3%US$13.82US$8.66US$9.5319
May ’24US$8.79
US$11.29
+28.5%
10.0%US$14.62US$9.16US$8.6120
Apr ’24US$8.66
US$11.36
+31.2%
9.6%US$14.02US$8.80US$10.2319
Mar ’24US$10.59
US$11.35
+7.2%
9.3%US$13.95US$8.76US$12.0019
Feb ’24US$10.43
US$11.81
+13.2%
10.7%US$14.19US$8.90US$10.9120
Jan ’24US$9.99
US$11.51
+15.1%
10.4%US$13.92US$8.83US$10.9919
Dec ’23US$10.12
US$11.39
+12.6%
10.6%US$13.81US$8.76US$9.5019
Nov ’23US$9.26
US$10.63
+14.8%
10.8%US$12.68US$8.33US$8.3419

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

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