Instalco AB (publ)

OM:INSTAL Stock Report

Market Cap: SEK 10.3b

Instalco Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 INSTAL 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: INSTAL (SEK38.24) is trading below our estimate of future cash flow value (SEK88.6)

Significantly Below Future Cash Flow Value: INSTAL is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for INSTAL. This is calculated by dividing INSTAL's market cap by their current earnings.
What is INSTAL's PE Ratio?
PE Ratio26.9x
EarningsSEK 382.00m
Market CapSEK 10.27b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for INSTAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.1x
PEAB B Peab
16.4x16.56%SEK 25.6b
NYAB Nyab
16.5x12.72%SEK 4.2b
SWEC B Sweco
21.1x12.59%SEK 45.9b
ELTEL Eltel
74.4x40.99%SEK 1.9b
INSTAL Instalco
26.9x27.50%SEK 10.3b

Price-To-Earnings vs Peers: INSTAL is good value based on its Price-To-Earnings Ratio (26.9x) compared to the peer average (32.2x).

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 INSTAL's PE Ratio compare vs other companies in the European Construction Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
INSTAL 26.9xIndustry Avg. 15.6xNo. of Companies18PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: INSTAL is expensive based on its Price-To-Earnings Ratio (26.9x) compared to the European Construction industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is INSTAL'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.

INSTAL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.9x
Fair PE Ratio35x

Price-To-Earnings vs Fair Ratio: INSTAL is good value based on its Price-To-Earnings Ratio (26.9x) compared to the estimated Fair Price-To-Earnings Ratio (35x).

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 INSTAL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 38.24
SEK 43.63
+14.08%
3.18%SEK 45.00SEK 42.00n/a4
Jun ’27SEK 36.50
SEK 43.63
+19.52%
3.18%SEK 45.00SEK 42.00n/a4
May ’27SEK 38.28
SEK 43.63
+13.96%
3.18%SEK 45.00SEK 42.00n/a4
Apr ’27SEK 32.08
SEK 38.50
+20.01%
10.44%SEK 42.50SEK 33.00n/a3
Mar ’27SEK 35.26
SEK 38.50
+9.19%
10.44%SEK 42.50SEK 33.00n/a3
Feb ’27SEK 25.52
SEK 34.00
+33.23%
15.75%SEK 40.00SEK 27.00n/a3
Jan ’27SEK 25.88
SEK 34.00
+31.38%
15.75%SEK 40.00SEK 27.00n/a3
Dec ’26SEK 23.26
SEK 34.00
+46.17%
15.75%SEK 40.00SEK 27.00n/a3
Nov ’26SEK 24.24
SEK 35.67
+47.14%
17.18%SEK 40.00SEK 27.00n/a3
Oct ’26SEK 25.58
SEK 37.67
+47.25%
18.94%SEK 45.00SEK 28.00n/a3
Sep ’26SEK 24.86
SEK 37.33
+50.17%
20.32%SEK 45.00SEK 27.00n/a3
Aug ’26SEK 25.74
SEK 37.33
+45.04%
20.32%SEK 45.00SEK 27.00n/a3
Jul ’26SEK 24.66
SEK 38.67
+56.80%
23.16%SEK 45.00SEK 26.00n/a3
Jun ’26SEK 24.42
SEK 41.50
+69.94%
22.12%SEK 50.00SEK 26.00SEK 36.504
May ’26SEK 26.88
SEK 41.50
+54.39%
22.12%SEK 50.00SEK 26.00SEK 38.284
Apr ’26SEK 31.70
SEK 45.75
+44.32%
11.60%SEK 50.00SEK 37.00SEK 32.084
Mar ’26SEK 33.76
SEK 49.33
+46.13%
1.91%SEK 50.00SEK 48.00SEK 35.263
Dec ’25SEK 30.76
SEK 51.67
+67.97%
4.56%SEK 55.00SEK 50.00SEK 23.263
Nov ’25SEK 32.46
SEK 49.00
+50.96%
10.93%SEK 55.00SEK 42.00SEK 24.243
Oct ’25SEK 41.54
SEK 52.75
+26.99%
11.94%SEK 58.00SEK 42.00SEK 25.584
Sep ’25SEK 45.80
SEK 52.25
+14.08%
13.69%SEK 58.00SEK 40.00SEK 24.864
Aug ’25SEK 49.52
SEK 48.50
-2.06%
11.80%SEK 56.00SEK 40.00SEK 25.744
Jul ’25SEK 40.96
SEK 48.50
+18.41%
11.80%SEK 56.00SEK 40.00SEK 24.664
Jun ’25SEK 39.96
SEK 48.50
+21.37%
11.80%SEK 56.00SEK 40.00SEK 24.424
SEK 43.63
Fair Value
12.3% undervalued intrinsic discount
4
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 Analysis2026/06/30 23:49
End of Day Share Price 2026/06/30 00:00
Earnings2026/03/31
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

Instalco AB (publ) is covered by 7 analysts. 5 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
Robin NybergCarnegie Investment Bank AB
Johan DahlDanske Bank