FLSmidth & Co. A/S

CPSE:FLS Stock Report

Market Cap: DKK 26.4b

FLSmidth Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 FLS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

DKK 595.42
Fair Value
21.0% undervalued intrinsic discount
9
Number of Analysts

Below Fair Value: FLS (DKK470.2) is trading below our estimate of fair value (DKK595.42)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FLS. This is calculated by dividing FLS's market cap by their current earnings.
What is FLS's PE Ratio?
PE Ratio19.9x
EarningsDKK 1.31b
Market CapDKK 26.36b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FLS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.1x
ROCK B Rockwool
11.5x2.44%DKK 45.7b
SKAKO SKAKO
20.1xn/aDKK 187.2m
NKT NKT
24.2x18.27%DKK 38.0b
PAAL B Per Aarsleff Holding
16.5x10.39%DKK 13.7b
FLS FLSmidth
19.9x17.16%DKK 26.4b

Price-To-Earnings vs Peers: FLS is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (18.1x).

Price to Earnings Ratio vs Industry

How does FLS's PE Ratio compare vs other companies in the European Machinery Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FLS 19.9xIndustry Avg. 20.2xNo. of Companies31PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FLS is good value based on its Price-To-Earnings Ratio (19.9x) compared to the European Machinery industry average (20.2x).

Price to Earnings Ratio vs Fair Ratio

What is FLS'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.

FLS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.9x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: FLS is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the estimated Fair Price-To-Earnings Ratio (17x).

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 FLS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 470.20
DKK 479.89
+2.06%
10.84%DKK 550.00DKK 404.00n/a9
Oct ’26DKK 450.60
DKK 462.11
+2.55%
8.37%DKK 510.00DKK 404.00n/a9
Sep ’26DKK 434.00
DKK 440.50
+1.50%
10.05%DKK 500.00DKK 344.00n/a8
Aug ’26DKK 375.80
DKK 423.63
+12.73%
7.89%DKK 455.00DKK 344.00n/a8
Jul ’26DKK 382.60
DKK 417.33
+9.08%
10.44%DKK 455.00DKK 301.00n/a9
Jun ’26DKK 379.60
DKK 402.10
+5.93%
11.89%DKK 455.00DKK 301.00n/a10
May ’26DKK 310.00
DKK 392.60
+26.65%
13.48%DKK 475.00DKK 301.00n/a10
Apr ’26DKK 330.60
DKK 417.80
+26.38%
11.23%DKK 475.00DKK 313.00n/a10
Mar ’26DKK 376.00
DKK 418.00
+11.17%
11.12%DKK 475.00DKK 315.00n/a10
Feb ’26DKK 374.60
DKK 416.50
+11.19%
10.84%DKK 475.00DKK 315.00n/a10
Jan ’26DKK 356.00
DKK 408.50
+14.75%
13.42%DKK 475.00DKK 315.00n/a10
Dec ’25DKK 385.20
DKK 417.78
+8.46%
11.37%DKK 475.00DKK 320.00n/a9
Nov ’25DKK 367.00
DKK 397.22
+8.23%
12.60%DKK 475.00DKK 320.00DKK 505.009
Oct ’25DKK 374.60
DKK 398.33
+6.34%
12.72%DKK 475.00DKK 320.00DKK 450.609
Sep ’25DKK 344.20
DKK 398.13
+15.67%
13.50%DKK 475.00DKK 320.00DKK 434.008
Aug ’25DKK 341.60
DKK 397.50
+16.36%
13.13%DKK 475.00DKK 320.00DKK 375.808
Jul ’25DKK 347.80
DKK 401.25
+15.37%
14.96%DKK 475.00DKK 280.00DKK 382.608
Jun ’25DKK 394.40
DKK 399.38
+1.26%
16.28%DKK 475.00DKK 280.00DKK 379.608
May ’25DKK 347.60
DKK 370.63
+6.62%
15.67%DKK 455.00DKK 280.00DKK 310.008
Apr ’25DKK 344.20
DKK 353.75
+2.77%
15.20%DKK 455.00DKK 280.00DKK 330.608
Mar ’25DKK 322.20
DKK 348.33
+8.11%
14.11%DKK 455.00DKK 280.00DKK 376.009
Feb ’25DKK 292.00
DKK 333.89
+14.35%
16.98%DKK 445.00DKK 270.00DKK 374.609
Jan ’25DKK 287.20
DKK 344.44
+19.93%
14.43%DKK 445.00DKK 295.00DKK 356.009
Dec ’24DKK 284.80
DKK 348.89
+22.50%
13.41%DKK 430.00DKK 290.00DKK 385.209
Nov ’24DKK 261.60
DKK 359.44
+37.40%
12.08%DKK 430.00DKK 295.00DKK 367.009
DKK 479.89
Fair Value
2.0% undervalued intrinsic discount
9
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 Analysis2025/11/05 18:15
End of Day Share Price 2025/11/05 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

FLSmidth & Co. A/S is covered by 25 analysts. 6 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
Xin WangBarclays
Ling ZhangBNP Paribas