Svolder AB (publ) (SVOL-A.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

-90.8%

SEK 5.70

vs SEK 62.00 price

Levered DCF

SEK 2.08

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

94.24

Safe zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	14.38×	642.26×	7.1×	-11.09×	-4.66×	2.2×	5.21×	-210.77×
P/B	0.96×	0.94×	1.03×	1.11×	0.94×	1.08×	0.98×	0.92×
P/S	14.38×	173.73×	6.96×	-11.81×	-4.76×	2.19×	5.11×	241.88×
EV / EBITDA	14.24×	587.17×	39.4×	-10.73×	-4.04×	2.08×	4.86×	-203.08×
Gross margin	100.0%	99.8%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Operating margin	100.0%	4.4%	97.0%	106.5%	102.1%	99.4%	98.0%	-110.3%
Net margin	100.0%	27.0%	98.0%	106.5%	102.1%	99.4%	98.0%	-112.9%
Current ratio	0×	17.53×	0×	0×	367.25×	0×	0×	0×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	0×	-3,953.33×	205,023.53×	3,180.18×	-64×
Dividend yield	3.1%	3.2%	1.6%	1.6%	1.2%	0.7%	1.5%	1.8%
Payout ratio	45.2%	2024.4%	11.7%	-17.5%	-5.4%	1.6%	8.0%	-390.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.7%	0.1%	14.6%	-10.0%	-20.2%	49.0%	18.7%	-0.4%
Return on invested capital	6.7%	0.0%	14.4%	-10.0%	-20.2%	48.9%	18.7%	-0.4%
Return on assets	6.7%	0.1%	14.5%	-10.0%	-20.2%	48.9%	18.7%	-0.4%
Free cash flow yield	1.4%	1.8%	1.4%	1.3%	2.0%	1.0%	-0.4%	1.2%
Earnings yield	7.0%	0.2%	14.1%	-9.0%	-21.5%	45.4%	19.2%	-0.5%
Enterprise value	SEK 5.8B	SEK 5.1B	SEK 5.9B	SEK 5.6B	SEK 4.8B	SEK 7.3B	SEK 3.4B	SEK 2.6B
Net debt / EBITDA	-0.14×	-49.66×	-2.16×	0.36×	0.62×	-0.12×	-0.36×	17.3×
Cash conversion cycle (days)	7	126	0	-2	-2,433	2	1	645