Fagerhult Group AB (FAG.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

+3504.9%

SEK 435.48

vs SEK 12.08 price

Levered DCF

SEK 313.82

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.43

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	23.08×	26.92×	21.13×	12.37×	23.07×	14.17×	17.92×	15.41×
P/B	1.03×	1.28×	1.6×	1.04×	1.72×	1.39×	1.67×	3.64×
P/S	0.93×	1.15×	1.34×	0.86×	1.51×	1.18×	1.16×	1.38×
EV / EBITDA	10.16×	9.96×	10.09×	7.9×	11.81×	13.44×	9.95×	10.94×
Gross margin	39.5%	39.1%	39.1%	37.8%	37.0%	35.2%	38.9%	38.2%
Operating margin	6.7%	8.1%	10.5%	10.1%	10.0%	4.9%	10.1%	12.6%
Net margin	4.0%	4.3%	6.3%	7.0%	6.6%	8.3%	6.5%	9.0%
Current ratio	2.41×	2.66×	2.29×	2.38×	2×	2.36×	2.27×	1.88×
Debt / equity	0.58×	0.53×	0.49×	0.59×	0.67×	0.74×	0.86×	1.31×
Interest coverage	3.1×	3.69×	5.16×	12.27×	12.37×	4.19×	8.76×	15.65×
Dividend yield	3.4%	3.3%	2.5%	3.2%	0.8%	0.1%	2.8%	3.0%
Payout ratio	77.8%	89.5%	51.9%	39.7%	18.9%	1.1%	49.5%	45.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.5%	4.8%	7.6%	8.4%	7.5%	9.8%	9.3%	23.6%
Return on invested capital	3.0%	3.7%	5.7%	5.2%	4.8%	3.1%	5.1%	9.4%
Return on assets	2.3%	2.6%	4.2%	4.3%	3.7%	4.6%	3.9%	7.6%
Free cash flow yield	6.3%	7.9%	8.4%	3.0%	6.0%	11.9%	8.4%	2.8%
Earnings yield	4.3%	3.7%	4.7%	8.1%	4.3%	7.1%	5.6%	6.5%
Enterprise value	SEK 10.2B	SEK 11.6B	SEK 13.8B	SEK 9.9B	SEK 13.2B	SEK 10.6B	SEK 12.7B	SEK 9.7B
Net debt / EBITDA	2.83×	1.79×	1.65×	2.23×	2.18×	3.32×	2.78×	2.23×
Cash conversion cycle (days)	44	101	105	126	106	99	112	113