Arlandastad Group AB (publ) (AGROUP.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

+183.8%

SEK 97.63

vs SEK 34.40 price

Levered DCF

-SEK 102.16

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.32

Distress zone

Rating

B+

Overall 3 / 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	20.8×	-19.25×	-14.58×	5.92×	23×	8.92×	7.33×	14.08×
P/B	0.57×	0.4×	0.44×	0.62×	0.98×	1.24×	1.28×	1.55×
P/S	6.95×	5.29×	4.73×	9.81×	20.36×	37.35×	37.57×	38.07×
EV / EBITDA	14.36×	30×	26.27×	8.39×	17.24×	8.39×	7.26×	14.62×
Gross margin	14.9%	8.4%	26.5%	23.1%	37.3%	42.0%	71.2%	71.2%
Operating margin	3.4%	-13.4%	0.9%	-5.1%	-0.0%	56.6%	43.6%	49.8%
Net margin	33.4%	-27.5%	-32.4%	165.6%	88.5%	418.6%	511.9%	269.2%
Current ratio	0.82×	1.02×	1.18×	2.36×	3.2×	2.55×	3.18×	1.48×
Debt / equity	0.37×	0.03×	0.36×	0.36×	0.38×	0.44×	0.43×	0.37×
Interest coverage	0.15×	-0.44×	0.04×	-0.28×	-0×	1.95×	2.15×	2.42×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.8%	-2.1%	-3.0%	10.5%	4.2%	14.0%	17.5%	11.0%
Return on invested capital	0.1%	-0.6%	0.1%	-0.2%	-0.0%	0.9%	0.7%	1.1%
Return on assets	1.6%	-1.2%	-1.8%	6.5%	2.6%	8.2%	10.4%	6.8%
Free cash flow yield	-7.8%	-6.3%	-6.1%	-4.0%	-0.6%	-0.5%	0.6%	0.1%
Earnings yield	4.8%	-5.2%	-6.9%	16.9%	4.3%	11.2%	13.6%	7.1%
Enterprise value	SEK 4.1B	SEK 1.8B	SEK 3.4B	SEK 4.2B	SEK 5.2B	SEK 5.8B	SEK 4.9B	SEK 4.7B
Net debt / EBITDA	5.23×	-0.36×	10.71×	2.56×	3.78×	2.02×	1.62×	2.76×
Cash conversion cycle (days)	108	140	79	19	3	-9	-323	37