Clemondo Group AB (publ) (CLEM.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

+930.9%

SEK 59.79

vs SEK 5.80 price

Levered DCF

SEK 38.56

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.14

Grey zone

Rating

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	22×	15.07×	12.36×	296.43×	116.41×	105.23×	183.75×	-167.2×
P/B	1.03×	0.83×	1.11×	11.14×	21.26×	52.74×	33.81×	18.04×
P/S	0.42×	0.36×	0.44×	3.78×	6.56×	11.16×	3.95×	2.07×
EV / EBITDA	7.21×	4.73×	4.98×	51.89×	52.46×	60.98×	39.48×	-33.93×
Gross margin	38.5%	37.2%	36.1%	33.3%	40.8%	41.7%	42.3%	41.1%
Operating margin	3.0%	3.5%	5.9%	2.5%	7.8%	14.6%	0.5%	-12.8%
Net margin	1.9%	2.4%	3.6%	1.3%	5.6%	10.6%	0.8%	-12.2%
Current ratio	1.49×	1.43×	1.41×	1.16×	1.04×	0.97×	0.79×	0.81×
Debt / equity	0.4×	0.2×	0.27×	0.52×	0.7×	1.16×	2.59×	2.39×
Interest coverage	3.67×	5.13×	8.89×	3.8×	11.42×	16.06×	0.25×	-8.15×
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	4.6%	5.4%	8.9%	3.7%	18.3%	50.1%	7.1%	-106.1%
Return on invested capital	3.9%	4.9%	8.5%	3.8%	11.5%	24.7%	1.1%	-21.9%
Return on assets	2.6%	3.4%	5.3%	1.8%	7.8%	16.7%	1.4%	-18.7%
Free cash flow yield	11.2%	6.2%	21.8%	0.8%	1.4%	1.6%	-0.3%	-1.2%
Earnings yield	4.5%	6.6%	8.1%	0.3%	0.9%	1.0%	0.2%	-5.9%
Enterprise value	SEK 168.9M	SEK 116.3M	SEK 151.8M	SEK 1.2B	SEK 2B	SEK 4.2B	SEK 1B	SEK 628M
Net debt / EBITDA	2.01×	0.91×	0.94×	4.05×	1.65×	2.27×	2.69×	-3.97×
Cash conversion cycle (days)	88	87	69	58	40	30	61	37