Actic Group AB (publ) (ATIC.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

+1044.1%

SEK 289.45

vs SEK 25.30 price

Levered DCF

SEK 194.59

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

0.37

Distress 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	10.44×	-14.82×	-2.92×	-3.38×	-2.18×	36.25×	-1.47×	30.15×
P/B	3.48×	0.81×	0.65×	0.6×	1.08×	1.09×	1.6×	1.1×
P/S	1.17×	0.19×	0.16×	0.16×	0.33×	0.4×	0.47×	0.73×
EV / EBITDA	7.65×	4.42×	4.58×	5.36×	8.36×	5.08×	-52.38×	3.81×
Gross margin	7.7%	99.2%	99.3%	99.6%	99.6%	99.6%	98.9%	98.8%
Operating margin	7.7%	6.3%	-1.4%	0.8%	-8.5%	7.8%	-26.7%	5.0%
Net margin	11.2%	-1.3%	-5.5%	-4.8%	-15.0%	1.1%	-32.0%	2.4%
Current ratio	0.41×	0.28×	0.27×	0.26×	0.25×	0.54×	0.42×	0.77×
Debt / equity	3.53×	5.52×	5.54×	4.9×	5.89×	4.34×	4.65×	0.83×
Interest coverage	1.29×	0.82×	-0.18×	0.14×	-1.26×	1.36×	-5.49×	1.13×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.8%	1.2%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-2.6%	34.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	33.3%	-5.5%	-22.3%	-17.7%	-49.7%	3.0%	-108.4%	3.7%
Return on invested capital	4.9%	4.0%	-0.7%	0.5%	-4.0%	2.2%	-15.8%	2.6%
Return on assets	5.9%	-0.7%	-2.8%	-2.5%	-5.9%	0.5%	-16.2%	1.6%
Free cash flow yield	20.0%	132.4%	128.9%	88.8%	44.0%	70.8%	36.1%	8.2%
Earnings yield	9.6%	-6.7%	-34.3%	-29.7%	-46.0%	2.7%	-67.8%	3.3%
Enterprise value	SEK 1.5B	SEK 965.4M	SEK 997.4M	SEK 1.1B	SEK 1.3B	SEK 1.4B	SEK 1.7B	SEK 1.1B
Net debt / EBITDA	3.64×	3.83×	4.08×	4.76×	7.03×	3.96×	-38.31×	1.38×
Cash conversion cycle (days)	-5	-2,920	-4,621	-3,883	-7,174	-6,237	-2,082	-1,853