Absolent Air Care Group AB (publ) (ABSO.ST) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+159.8%

SEK 483.15

vs SEK 186.00 price

Levered DCF

SEK 366.29

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

3.94

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	35.32×	20.41×	31.96×	30.45×	52.65×	-77.82×	64.22×	26.71×
P/B	2.67×	3.11×	5.56×	6.65×	9.76×	12.48×	11.13×	7.26×
P/S	1.94×	2.09×	3.18×	3.45×	5.02×	4.79×	4.58×	4.04×
EV / EBITDA	13.03×	11.46×	18.49×	19.46×	32.82×	47.81×	28.05×	17.62×
Gross margin	42.7%	43.5%	44.1%	40.9%	40.2%	33.9%	40.6%	46.3%
Operating margin	11.3%	14.6%	15.2%	16.4%	12.8%	-3.8%	10.7%	18.6%
Net margin	5.5%	10.3%	10.0%	11.3%	9.5%	-6.1%	7.1%	15.1%
Current ratio	2.88×	2.95×	2.64×	2.42×	2.61×	5.43×	2.48×	3.15×
Debt / equity	0.44×	0.53×	0.74×	0.91×	1.18×	1.69×	0.71×	0×
Interest coverage	4.39×	6.55×	6.78×	14.68×	14.06×	-3.27×	31.96×	967.56×
Dividend yield	1.5%	1.2%	0.7%	0.5%	0.4%	0.0%	0.4%	0.4%
Payout ratio	52.4%	23.6%	22.2%	14.9%	20.7%	0.0%	22.9%	11.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.5%	15.3%	17.4%	21.9%	18.5%	-16.0%	17.3%	27.2%
Return on invested capital	7.3%	10.4%	11.6%	12.5%	8.5%	-3.3%	9.1%	26.1%
Return on assets	4.4%	8.6%	8.3%	9.1%	6.7%	-4.9%	7.2%	20.2%
Free cash flow yield	4.1%	3.8%	4.3%	3.7%	1.9%	0.9%	1.2%	2.9%
Earnings yield	2.8%	4.9%	3.1%	3.3%	1.9%	-1.3%	1.6%	3.7%
Enterprise value	SEK 2.7B	SEK 3.2B	SEK 4.8B	SEK 4.9B	SEK 5.6B	SEK 4.4B	SEK 4.9B	SEK 2.4B
Net debt / EBITDA	0.85×	0.87×	1.15×	1.16×	2.31×	1.4×	0.88×	-1.25×
Cash conversion cycle (days)	100	105	100	132	137	110	16	76