Wästbygg Gruppen AB (publ) (WBGR-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

-1907.5%

-SEK 37.78

vs SEK 2.09 price

Levered DCF

-SEK 52.47

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.3

Distress 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	-0.77×	-3.66×	-5.34×	-72.85×	12.02×	8.83×	9.53×	20.35×
P/B	0.79×	0.8×	0.97×	0.77×	1.66×	1.3×	3.6×	6.96×
P/S	0.11×	0.16×	0.23×	0.24×	0.73×	0.57×	0.53×	0.82×
EV / EBITDA	-1.44×	-7.37×	-13.4×	-537.1×	10.46×	6.23×	8.38×	14.91×
Gross margin	-1.6%	1.8%	1.8%	5.8%	13.1%	13.5%	10.7%	9.1%
Operating margin	-11.0%	-4.3%	-4.3%	-1.0%	6.0%	6.2%	5.7%	4.1%
Net margin	-13.9%	-4.3%	-4.3%	-0.3%	6.1%	6.5%	5.5%	4.0%
Current ratio	1.14×	1.45×	1.27×	1.83×	2.16×	1.94×	1.22×	1.19×
Debt / equity	0.62×	0.6×	1.28×	0.91×	0.47×	0.25×	0.56×	0.56×
Interest coverage	-5.31×	-3.6×	-3.6×	-1.24×	18.08×	44.6×	14.67×	10.5×
Dividend yield	0.0%	0.0%	4.7%	9.1%	3.7%	3.6%	2.9%	0.0%
Payout ratio	0.0%	0.0%	-24.9%	-658.8%	44.4%	32.1%	27.9%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-103.3%	-22.1%	-18.1%	-1.1%	13.8%	14.7%	37.8%	34.2%
Return on invested capital	-44.9%	-9.8%	-5.9%	-0.4%	8.8%	10.9%	24.2%	40.6%
Return on assets	-28.3%	-6.7%	-5.3%	-0.4%	5.9%	7.4%	10.0%	8.4%
Free cash flow yield	13.8%	3.0%	-65.2%	-73.2%	-12.0%	-11.8%	-3.2%	4.7%
Earnings yield	-130.6%	-27.4%	-18.7%	-1.4%	8.3%	11.3%	10.5%	4.9%
Enterprise value	SEK 585.9M	SEK 1.2B	SEK 2.5B	SEK 2.1B	SEK 2.8B	SEK 1.6B	SEK 2.1B	SEK 2.7B
Net debt / EBITDA	-0.39×	-2.52×	-7.19×	-230.25×	-0.26×	-1.81×	0.08×	-0.88×
Cash conversion cycle (days)	61	115	190	183	199	145	92	37