Softronic AB (publ) (SOF-B.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

+99.1%

SEK 37.87

vs SEK 19.02 price

Levered DCF

SEK 37.64

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

5.59

Safe zone

Rating

A+

Overall 4 / 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	17.32×	14.46×	12.4×	16.58×	20.79×	16.81×	15.68×	15.4×
P/B	3.97×	4.01×	3.66×	4.47×	5.97×	3.3×	3.19×	2.96×
P/S	1.26×	1.41×	1.25×	1.42×	1.95×	1.54×	1.21×	0.85×
EV / EBITDA	10.16×	9.07×	7.94×	10.06×	12.09×	8.53×	8.19×	9.17×
Gross margin	15.8%	18.3%	18.3%	18.1%	18.4%	19.2%	17.9%	35.3%
Operating margin	9.1%	11.9%	12.5%	11.0%	11.9%	11.9%	10.2%	7.2%
Net margin	7.3%	9.8%	10.0%	8.6%	9.4%	9.2%	7.7%	5.5%
Current ratio	1.87×	2.17×	2.03×	1.84×	1.85×	2.24×	1.91×	2.13×
Debt / equity	0.05×	0.08×	0.12×	0.18×	0.04×	0.07×	0.14×	0×
Interest coverage	106.66×	105.05×	86.55×	64.56×	151.74×	62.75×	48.47×	972.79×
Dividend yield	6.1%	6.0%	5.0%	6.3%	10.3%	0.0%	6.0%	4.9%
Payout ratio	106.5%	86.3%	62.6%	104.1%	214.2%	0.0%	94.3%	75.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	22.9%	27.8%	29.5%	26.9%	28.7%	19.6%	20.4%	19.3%
Return on invested capital	20.7%	24.7%	25.5%	22.6%	27.3%	18.3%	22.7%	18.9%
Return on assets	14.0%	18.3%	18.3%	15.7%	17.2%	13.0%	12.3%	12.7%
Free cash flow yield	5.9%	9.3%	5.3%	6.4%	7.1%	9.2%	8.7%	8.1%
Earnings yield	5.8%	6.9%	8.0%	6.0%	4.8%	5.9%	6.4%	6.5%
Enterprise value	SEK 1.1B	SEK 1.1B	SEK 969.1M	SEK 1.1B	SEK 1.4B	SEK 947.3M	SEK 796.5M	SEK 689.6M
Net debt / EBITDA	-0.93×	-0.94×	-0.62×	-0.67×	-1.04×	-1.59×	-0.8×	-1.5×
Cash conversion cycle (days)	54	38	58	34	36	45	45	29