Atlas Copco AB (publ)

OM:ATCO A Stock Report

Market Cap: SEK 739.1b

Atlas Copco Valuation

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

Valuation Score

1/6

Valuation 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 ATCO A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 136.38
Fair Value
14.7% overvalued intrinsic discount
17
Number of Analysts

Below Fair Value: ATCO A (SEK156.4) is trading above our estimate of fair value (SEK136.38)

Significantly Below Fair Value: ATCO A is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ATCO A. This is calculated by dividing ATCO A's market cap by their current earnings.
What is ATCO A's PE Ratio?
PE Ratio27.1x
EarningsSEK 28.09b
Market CapSEK 739.10b

Price to Earnings Ratio vs Peers

How does ATCO A's PE Ratio compare to its peers?

The above table shows the PE ratio for ATCO A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.9x
SAND Sandvik
21.6x8.10%SEK 313.6b
ALFA Alfa Laval
22.6x5.50%SEK 181.5b
SKF B AB SKF
19.9x16.03%SEK 106.9b
INDT Indutrade
31.6x12.41%SEK 85.1b
ATCO A Atlas Copco
27.1x6.95%SEK 739.1b

Price-To-Earnings vs Peers: ATCO A is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the peer average (24x).

Price to Earnings Ratio vs Industry

How does ATCO A's PE Ratio compare vs other companies in the SE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
ATCO A 27.1xIndustry Avg. 23.1xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ATCO A is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the Swedish Machinery industry average (23.1x).

Price to Earnings Ratio vs Fair Ratio

What is ATCO A'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.

ATCO A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.1x
Fair PE Ratio28.8x

Price-To-Earnings vs Fair Ratio: ATCO A is good value based on its Price-To-Earnings Ratio (27.1x) compared to the estimated Fair Price-To-Earnings Ratio (28.8x).

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 ATCO A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 157.30
SEK 172.35
+9.57%
11.36%SEK 210.00SEK 125.00n/a17
Sep ’26SEK 153.15
SEK 171.76
+12.15%
11.44%SEK 210.00SEK 125.00n/a17
Aug ’26SEK 145.10
SEK 171.82
+18.42%
11.46%SEK 210.00SEK 125.00n/a17
Jul ’26SEK 153.25
SEK 172.94
+12.85%
11.21%SEK 210.00SEK 130.00n/a17
Jun ’26SEK 153.90
SEK 171.74
+11.59%
11.06%SEK 210.00SEK 130.00n/a19
May ’26SEK 149.85
SEK 173.68
+15.91%
12.44%SEK 210.00SEK 130.00n/a19
Apr ’26SEK 161.10
SEK 187.90
+16.64%
13.70%SEK 238.00SEK 140.00n/a20
Mar ’26SEK 182.75
SEK 187.30
+2.49%
15.40%SEK 238.00SEK 122.00n/a20
Feb ’26SEK 186.20
SEK 187.45
+0.67%
15.49%SEK 238.00SEK 122.00n/a20
Jan ’26SEK 168.85
SEK 187.86
+11.26%
14.88%SEK 238.00SEK 122.00n/a22
Dec ’25SEK 174.15
SEK 187.59
+7.72%
15.04%SEK 238.00SEK 122.00n/a22
Nov ’25SEK 175.45
SEK 187.91
+7.10%
15.13%SEK 238.00SEK 122.00n/a22
Oct ’25SEK 194.70
SEK 191.59
-1.60%
15.82%SEK 240.00SEK 122.00n/a22
Sep ’25SEK 186.15
SEK 192.27
+3.29%
16.19%SEK 240.00SEK 122.00SEK 153.1522
Aug ’25SEK 182.50
SEK 192.27
+5.35%
16.19%SEK 240.00SEK 122.00SEK 145.1022
Jul ’25SEK 198.80
SEK 188.77
-5.04%
15.32%SEK 238.00SEK 122.00SEK 153.2522
Jun ’25SEK 200.80
SEK 185.77
-7.48%
15.06%SEK 230.00SEK 122.00SEK 153.9022
May ’25SEK 195.45
SEK 183.86
-5.93%
14.59%SEK 222.00SEK 122.00SEK 149.8522
Apr ’25SEK 180.80
SEK 169.00
-6.53%
14.42%SEK 216.00SEK 115.00SEK 161.1022
Mar ’25SEK 180.10
SEK 163.96
-8.96%
14.55%SEK 200.00SEK 115.00SEK 182.7523
Feb ’25SEK 169.05
SEK 164.43
-2.73%
14.76%SEK 200.00SEK 115.00SEK 186.2023
Jan ’25SEK 173.55
SEK 161.35
-7.03%
13.62%SEK 198.00SEK 115.00SEK 168.8523
Dec ’24SEK 162.85
SEK 157.91
-3.03%
14.71%SEK 198.00SEK 115.00SEK 174.1523
Nov ’24SEK 144.50
SEK 156.68
+8.43%
14.94%SEK 198.00SEK 115.00SEK 175.4522
Oct ’24SEK 147.25
SEK 157.36
+6.87%
14.52%SEK 198.00SEK 120.00SEK 194.7022
Sep ’24SEK 145.10
SEK 157.27
+8.39%
14.33%SEK 198.00SEK 120.00SEK 186.1522
AnalystConsensusTarget
Consensus Narrative from 17 Analysts
SEK 172.35
Fair Value
9.3% undervalued intrinsic discount
17
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 Analysis2025/09/15 17:22
End of Day Share Price 2025/09/15 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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

Atlas Copco AB (publ) is covered by 59 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
James WinchesterBarclays
Robert BateBarclays