Medicover AB (STO:MCOV B)

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Price: 177.4 SEK -0.11%

Market Cap: 26.6B SEK

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Section:

Relative Value

The Relative Value of one MCOV B stock under the Base Case scenario is 383.44 SEK. Compared to the current market price of 177.4 SEK, Medicover AB is Undervalued by 54%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

MCOV B Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

1.1

P/S

vs History	77
vs Industry	58

Median 5Y

1.4

Industry

2.4

Forward

1.1

More Details

116.5

P/E

vs History	33
vs Industry	3

Median 5Y

Industry

23.2

Forward

59.4

More Details

9.6

P/OCF

vs History	74
vs Industry	31

Median 5Y

11.2

Industry

14.9

More Details

22.3

P/FCFE

vs History	33
vs Industry	21

Median 5Y

Industry

20.6

More Details

4.6

P/B

vs History	42
vs Industry	16

Median 5Y

4.5

Industry

2.2

More Details

1.5

EV/S

vs History	79
vs Industry	51

Median 5Y

1.8

Industry

2.5

Forward

1.5

More Details

7.4

EV/GP

vs History	63
vs Industry	24

Median 5Y

8.1

Industry

5.1

More Details

11.1

EV/EBITDA

vs History	65
vs Industry	27

Median 5Y

12.2

Industry

12.9

Forward

10.5

More Details

46.7

EV/EBIT

vs History	25
vs Industry	7

Median 5Y

38.8

Industry

17.4

Forward

33.5

More Details

12.8

EV/OCF

vs History	69
vs Industry	27

Median 5Y

14.2

Industry

14.6

More Details

25.2

EV/FCFF

vs History	87
vs Industry	16

Median 5Y

32.2

Industry

18.4

More Details

1.8

EV/IC

vs History	65
vs Industry	38

Median 5Y

1.9

Industry

1.9

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
SE		Medicover AB STO:MCOV B	26.6B SEK	1.1	116.5	11.1	46.7
US	C	Cigna Group XMUN:CGN	89.7B EUR	0.4	31.2	9.3	12
US		Cigna Corp NYSE:CI	92.8B USD	0.4	30.5	9.2	11.8
US		CVS Health Corp NYSE:CVS	68.3B USD	0.2	13.6	10.7	10.7
DE		Fresenius Medical Care AG XMUN:FME	23.5B EUR	1.2	44.2	10.4	24.1
US		Laboratory Corporation of America Holdings NYSE:LH	20.6B USD	1.6	47.3	14	21.6
DE		Fresenius SE & Co KGaA XETRA:FRE	18.5B EUR	0.8	-16.6	14.4	22.2
US		Quest Diagnostics Inc NYSE:DGX	18B USD	1.9	21.5	12.8	17.3
US		DaVita Inc NYSE:DVA	13B USD	1	15.7	8	11.2
DE	F	Fresenius Medical Care AG & Co KGaA XETRA:FME	11.7B EUR	0.6	22.1	6.7	15.4
US		Chemed Corp NYSE:CHE	8.5B USD	3.6	28.2	17.8	20.6

				Revenue Growth
SE		Medicover AB STO:MCOV B	Average P/S: 1.2 1.1	54%
US	C	Cigna Group XMUN:CGN	0.4	39%
US		Cigna Corp NYSE:CI	0.4	39%
US		CVS Health Corp NYSE:CVS	0.2	16%
DE		Fresenius Medical Care AG XMUN:FME	1.2	7%
US		Laboratory Corporation of America Holdings NYSE:LH	1.6	23%
DE		Fresenius SE & Co KGaA XETRA:FRE	0.8	8%
US		Quest Diagnostics Inc NYSE:DGX	1.9	21%
US		DaVita Inc NYSE:DVA	1	14%
DE	F	Fresenius Medical Care AG & Co KGaA XETRA:FME	0.6	7%
US		Chemed Corp NYSE:CHE	3.6	21%

				Earnings Growth
SE		Medicover AB STO:MCOV B	Average P/E: 37.1 116.5	456%
US	C	Cigna Group XMUN:CGN	31.2	96%
US		Cigna Corp NYSE:CI	30.5	96%
US		CVS Health Corp NYSE:CVS	13.6	17%
DE		Fresenius Medical Care AG XMUN:FME	44.2	127%
US		Laboratory Corporation of America Holdings NYSE:LH	47.3	264%
DE		Fresenius SE & Co KGaA XETRA:FRE	Negative Multiple: -16.6	N/A
US		Quest Diagnostics Inc NYSE:DGX	21.5	41%
US		DaVita Inc NYSE:DVA	15.7	65%
DE	F	Fresenius Medical Care AG & Co KGaA XETRA:FME	22.1	127%
US		Chemed Corp NYSE:CHE	28.2	46%

				EBITDA Growth
SE		Medicover AB STO:MCOV B	Average EV/EBITDA: 11.3 11.1	70%
US	C	Cigna Group XMUN:CGN	9.3	26%
US		Cigna Corp NYSE:CI	9.2	26%
US		CVS Health Corp NYSE:CVS	10.7	26%
DE		Fresenius Medical Care AG XMUN:FME	10.4	27%
US		Laboratory Corporation of America Holdings NYSE:LH	14	55%
DE		Fresenius SE & Co KGaA XETRA:FRE	14.4	59%
US		Quest Diagnostics Inc NYSE:DGX	12.8	31%
US		DaVita Inc NYSE:DVA	8	25%
DE	F	Fresenius Medical Care AG & Co KGaA XETRA:FME	6.7	27%
US		Chemed Corp NYSE:CHE	17.8	34%

				EBIT Growth
SE		Medicover AB STO:MCOV B	Average EV/EBIT: 19.4 46.7	181%
US	C	Cigna Group XMUN:CGN	12	42%
US		Cigna Corp NYSE:CI	11.8	42%
US		CVS Health Corp NYSE:CVS	10.7	9%
DE		Fresenius Medical Care AG XMUN:FME	24.1	78%
US		Laboratory Corporation of America Holdings NYSE:LH	21.6	95%
DE		Fresenius SE & Co KGaA XETRA:FRE	22.2	146%
US		Quest Diagnostics Inc NYSE:DGX	17.3	36%
US		DaVita Inc NYSE:DVA	11.2	35%
DE	F	Fresenius Medical Care AG & Co KGaA XETRA:FME	15.4	78%
US		Chemed Corp NYSE:CHE	20.6	41%

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	Johnson & Johnson NYSE:JNJ	US
	Estee Lauder Companies Inc NYSE:EL	US
	Exxon Mobil Corp NYSE:XOM	US
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	Pfizer Inc NYSE:PFE	US
	American Express Co NYSE:AXP	US
	Nike Inc NYSE:NKE	US
	Visa Inc NYSE:V	US
	Alibaba Group Holding Ltd NYSE:BABA	CN
	3M Co NYSE:MMM	US
	JPMorgan Chase & Co NYSE:JPM	US
	Coca-Cola Co NYSE:KO	US
	Target Corp NYSE:TGT	US
	Walt Disney Co NYSE:DIS	US
	Mueller Industries Inc NYSE:MLI	US
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Medicover AB
STO:MCOV B

Relative Value

Valuation Multiples

Multiples Across Competitors

MCOV B Competitors Multiples
Medicover AB Competitors

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52 Week Range	130.5027 204
Price Target

Medicover AB STO:MCOV B

Relative Value

Valuation Multiples

Multiples Across Competitors

MCOV B Competitors Multiples Medicover AB Competitors

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Medicover AB
STO:MCOV B

MCOV B Competitors Multiples
Medicover AB Competitors