Update shared on 07 Jun 2026 Fair value Increased 2.18%Analysts have raised their price target on Epiroc from SEK 266.40 to SEK 272.20, citing updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E that are now slightly different from prior estimates. What's in the News - Epiroc and Heidelberg Materials are working on a proof of concept in Western Australia to adapt Epiroc's LinkOA autonomy platform for driverless haul trucks in quarry operations, extending LinkOA beyond mining into the aggregates sector. Source: Company announcement. - The Heidelberg Materials project is designed to validate mixed fleet autonomous haulage using Komatsu HD605 trucks, loaders and auxiliary vehicles, with a focus on safety, haulage efficiency, reduced operator dependency and performance in varying operating conditions. Source: Company announcement. - Epiroc has formed a partnership with SANY Group to combine Epiroc hydraulic breakers, attachments and ground engaging tools with SANY excavators and loaders, aiming to offer more integrated equipment combinations for mining and infrastructure customers. Source: Company announcement. - Within mining, Epiroc and SANY intend to work together on electrified equipment and charging solutions alongside SANY's capabilities in electric micro grids and green energy, targeting productivity benefits for customers using electric fleets. Source: Company announcement. - Epiroc has secured large equipment orders, including about US$20 million of Minetruck haulers and Scooptram loaders for Mopani Copper Mines in Zambia and SEK 380 million of autonomous, cable electric Pit Viper 275 E drill rigs for a surface mining customer in Africa, with deliveries scheduled through 2027. Source: Company announcements. Valuation Changes - Fair Value: The updated fair value estimate has moved from SEK 266.40 to SEK 272.20, a small upward adjustment in the model. - Discount Rate: The discount rate has shifted slightly lower from 6.78% to 6.68%, reflecting updated inputs to