Fasadgruppen Group AB (publ) (FG.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

+1179.6%

SEK 194.50

vs SEK 15.20 price

Levered DCF

SEK 351.35

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.04

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	-14.33×	3,801.65×	15.9×	18.83×	41.56×	32.56×	40.26×	123.39×
P/B	0.82×	0.98×	1.6×	2.45×	6.07×	2.78×	22.91×	119.06×
P/S	0.31×	0.46×	0.68×	1.13×	2.88×	2.17×	1.61×	8.87×
EV / EBITDA	8.14×	12.46×	9.13×	12.81×	25.67×	20.68×	29.24×	86.49×
Gross margin	1.4%	48.8%	47.5%	46.6%	49.1%	49.8%	44.2%	10.7%
Operating margin	2.2%	3.4%	7.9%	8.5%	9.7%	9.5%	12.0%	10.7%
Net margin	-2.1%	0.0%	4.3%	6.0%	6.9%	6.7%	8.5%	7.2%
Current ratio	1.19×	1.22×	1.27×	1.34×	1.07×	1.47×	0.47×	1.13×
Debt / equity	1.17×	1.12×	0.78×	0.83×	0.91×	0.69×	3.6×	18.68×
Interest coverage	0.73×	1.21×	3.67×	10.39×	12.05×	9.65×	20.3×	0×
Dividend yield	0.0%	3.8%	2.4%	1.1%	0.4%	0.0%	0.0%	0.0%
Payout ratio	0.0%	14616.7%	38.5%	21.4%	14.6%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-5.7%	0.0%	10.0%	13.0%	14.6%	8.6%	120.9%	96.2%
Return on invested capital	2.2%	0.0%	7.0%	7.3%	7.6%	5.3%	26.9%	5.7%
Return on assets	-1.8%	0.0%	4.2%	5.4%	5.6%	4.0%	18.8%	3.9%
Free cash flow yield	18.8%	7.8%	12.3%	5.0%	2.0%	3.4%	2.0%	1.2%
Earnings yield	-7.0%	0.0%	6.3%	5.3%	2.4%	3.1%	5.3%	0.8%
Enterprise value	SEK 3.6B	SEK 4.4B	SEK 4.7B	SEK 6.4B	SEK 8.6B	SEK 3.2B	SEK 3.9B	SEK 4B
Net debt / EBITDA	4.4×	6.02×	2.4×	2.55×	2.65×	2.02×	3.66×	10.94×
Cash conversion cycle (days)	38	18	18	31	37	31	15	67