Storskogen Group AB (publ) (STOR-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

+23.0%

SEK 13.66

vs SEK 11.11 price

Levered DCF

SEK 43.85

After debt service

Piotroski score

9 / 9

Strong

Altman Z-score

1.55

Distress 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	18.63×	-373.7×	20.15×	8.66×	101.58×	58.72×	315.63×	388.46×
P/B	0.96×	0.93×	0.76×	0.63×	5.24×	15.69×	26.51×	54.26×
P/S	0.6×	0.57×	0.43×	0.36×	4.96×	8.62×	12.49×	23.35×
EV / EBITDA	7.14×	7×	6.2×	5.6×	38.4×	67.5×	119.9×	208.98×
Gross margin	46.4%	18.9%	20.3%	19.8%	21.2%	20.2%	18.2%	18.6%
Operating margin	7.2%	4.4%	6.8%	7.6%	8.0%	8.7%	6.2%	8.2%
Net margin	3.2%	-0.2%	2.2%	4.2%	4.9%	6.1%	4.1%	5.9%
Current ratio	1.49×	1.4×	1.59×	1.83×	2.37×	2.45×	2.22×	0.78×
Debt / equity	0.53×	0.56×	0.6×	0.77×	0.46×	0.84×	1.04×	0.79×
Interest coverage	3.11×	1.6×	2.43×	4.19×	5.58×	10.18×	10.89×	15.11×
Dividend yield	0.9%	0.8%	0.9%	0.9%	0.6%	0.4%	0.2%	0.1%
Payout ratio	15.9%	-292.3%	17.1%	8.1%	62.6%	55.4%	74.0%	47.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.2%	-0.2%	3.8%	7.3%	5.2%	11.0%	8.6%	13.7%
Return on invested capital	5.4%	1.0%	4.8%	5.0%	4.0%	6.4%	4.3%	7.3%
Return on assets	2.6%	-0.1%	1.8%	3.0%	2.7%	4.5%	3.2%	5.3%
Free cash flow yield	12.4%	11.9%	16.2%	7.3%	1.1%	0.8%	0.5%	0.2%
Earnings yield	5.4%	-0.3%	5.0%	11.6%	1.0%	0.7%	0.3%	0.3%
Enterprise value	SEK 29.3B	SEK 29.1B	SEK 26.3B	SEK 24.4B	SEK 88.1B	SEK 79.2B	SEK 78.3B	SEK 77.9B
Net debt / EBITDA	2.32×	2.33×	2.53×	2.76×	0.6×	1.91×	1.98×	2.54×
Cash conversion cycle (days)	119	94	97	114	112	83	87	80