Saxlund Group AB (SAXG.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

-112.9%

-SEK 1.15

vs SEK 8.96 price

Levered DCF

-SEK 34.38

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

-0.79

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	45.63×	-38.57×	-299.94×	-1,070.75×	136.04×	-639.2×	-835.62×	-16.22×
P/B	1.36×	10.06×	604.99×	275.7×	710.64×	479.8×	-986.57×	779.38×
P/S	0.34×	1.9×	25.67×	42.36×	111.64×	112.72×	78.15×	7.41×
EV / EBITDA	9.42×	-936.87×	-600.03×	-1,226.85×	2,934.7×	-863.5×	-1,086×	-31.06×
Gross margin	38.7%	29.2%	23.3%	32.0%	31.0%	33.7%	34.2%	25.0%
Operating margin	2.4%	-2.1%	-6.5%	-4.2%	2.7%	-14.7%	-8.1%	-42.1%
Net margin	0.8%	-4.9%	-8.7%	-4.1%	0.8%	-17.7%	-9.3%	-45.7%
Current ratio	1.5×	1.39×	0.93×	1.14×	1.22×	1.33×	0.78×	1.15×
Debt / equity	0.23×	0.12×	2.65×	0.75×	0.21×	0.21×	-4.24×	31.83×
Interest coverage	4.44×	-1.02×	-3.35×	-3×	4.54×	-5.84×	-2.93×	-13.06×
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	3.0%	-26.0%	-204.0%	-26.6%	5.2%	-75.3%	117.1%	-4804.0%
Return on invested capital	1.6%	-8.1%	-32.7%	-8.8%	4.4%	-42.2%	-21.3%	-112.4%
Return on assets	1.2%	-9.4%	-13.4%	-5.4%	1.3%	-23.1%	-13.1%	-43.1%
Free cash flow yield	-16.9%	-3.7%	-0.1%	-0.1%	-0.1%	-0.2%	-0.1%	-1.7%
Earnings yield	2.2%	-2.6%	-0.3%	-0.1%	0.0%	-0.2%	-0.1%	-6.2%
Enterprise value	SEK 87M	SEK 578.1M	SEK 7.9B	SEK 10.6B	SEK 28.8B	SEK 18.1B	SEK 15.6B	SEK 1.6B
Net debt / EBITDA	0.88×	8.22×	-2.35×	-2.81×	0.14×	0.25×	-2.46×	-0.83×
Cash conversion cycle (days)	160	103	160	168	166	206	-52	84