Lärkberget AB (publ) (LARK.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

-93.4%

SEK 0.15

vs SEK 2.27 price

Levered DCF

SEK 0.13

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

29.22

Safe zone

Rating

C+

Overall 2 / 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	-3.65×	-1.05×	-1.53×	-29.48×	9.42×	-4.08×	-3.62×	-3.09×
P/B	0.81×	0.66×	0.47×	1.19×	1.25×	1.76×	3.5×	2.05×
P/S	0×	144.56×	9.86×	6.78×	2.35×	11.62×	4.31×	5,147.49×
EV / EBITDA	-5.87×	0.62×	1.3×	-8.4×	2.57×	-3×	-3.54×	21.79×
Gross margin	0.0%	-14349.7%	-384.0%	-71.9%	18.0%	77.0%	92.2%	-139516.3%
Operating margin	0.0%	-14484.0%	-696.2%	-26.0%	24.9%	-260.1%	-118.1%	-161809.5%
Net margin	0.0%	-13766.3%	-643.3%	-23.1%	24.9%	-284.2%	-119.0%	-161379.8%
Current ratio	5.37×	17.47×	24.84×	22.83×	18.21×	6.94×	0.8×	2.28×
Debt / equity	0×	0×	0×	0×	0×	0×	0.38×	0×
Interest coverage	-156.34×	0×	-8,039.99×	-4,130.2×	0×	-20.23×	-74.64×	-34.58×
Dividend yield	8.8%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	-32.0%	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	-22.3%	-62.7%	-30.6%	-4.0%	13.2%	-43.1%	-96.6%	-64.3%
Return on invested capital	-23.4%	-66.0%	-33.1%	-4.6%	13.2%	-39.4%	-64.8%	-64.4%
Return on assets	-21.8%	-59.1%	-29.6%	-3.9%	12.6%	-38.8%	-40.7%	-37.4%
Free cash flow yield	-28.6%	-63.6%	-56.1%	-9.2%	11.1%	-30.6%	-33.4%	-0.5%
Earnings yield	-27.6%	-95.2%	-65.3%	-3.4%	10.6%	-24.5%	-27.6%	-31.4%
Enterprise value	SEK 42.2M	-SEK 26.6M	-SEK 46.8M	SEK 49.2M	SEK 60.6M	SEK 77M	SEK 58.5M	SEK 10.1M
Net debt / EBITDA	0.36×	1.71×	2.82×	22.5×	-5.8×	1.91×	0.37×	-68.43×
Cash conversion cycle (days)	-2	0	68	-14	-18	-27	-42	-64