Indutrade AB (INDT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Indutrade AB stock SEK 294, price SEK 267, upside +10.0%, quality 66 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range kr 163.39 – kr 322.95 · fair‑value band kr 199.01 – kr 367.40 · the kr 267.20 price screens below the kr 293.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Follow Indutrade in your weekly email
Every Wednesday you see whether Indutrade is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Indutrade AB (publ) manufactures, develops, and sells components, systems, and services to various industries worldwide. It operates through five segments: Industrial & Engineering, Infrastructure & Construction, Life Science, Process, Energy & Water, and Technology & Systems Solutions.
Show moreShow less
The company offers industrial equipment, tools, filters, hydraulics, fasteners, and chemical technology for general engineering and automotive industries; and flow technology products, including valves, pipes and pipe systems, and pumps, as well as measurement technology and industrial equipment for energy sector, water and wastewater, and process industries.
It also provides measurement technology, sensors, control and regulating technology, as well as monitoring equipment to various industries; and materials, products, tools, and equipment for infrastructure and construction sectors.
In addition, the company offers components; medical technology products, including products for diagnostics; and production equipment and system solutions to pharmaceutical, health care, and food sectors. Indutrade AB (publ) was incorporated in 1919 and is based in Kista, Sweden.
Stock analysis
Indutrade AB (INDT) currently trades at kr 267.20, while our model-based Fair Value estimate is kr 293.92, so the stock looks roughly fairly valued today (gap 9.1%).
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of kr 180.60 per share, and 0 of the 26 models we run sit above the kr 267.20 price.
Bear case: the Dividend Discount group reads lowest at kr 46.47, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 199.01 (bear) to kr 367.40 (bull), the price of kr 267.20 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Indutrade AB reported revenue of 32.2B SEK in FY2025 versus 21.7B SEK in FY2021, a compound +10.4%/yr. Reported net income was 2.6B SEK in FY2025, compounding +5.1%/yr from FY2021.
Key figures
Market cap 97.3B SEK (≈ $9.8B) Mid · P/E ratio 34.6 · P/S ratio 2.85 · EPS (TTM) kr 7.72 · Dividend yield 1.2% · Net margin 8.2% · Return on equity 15.7% · Return on assets (EBIT) 12.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 46% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −28% fair-value upside, at 10%, INDT screens cheaper than that median.
Fair Value models
Bearkr 199.01Fair Value kr 293.92Bullkr 367.40
Price kr 267.20 · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 3.95 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.9%
Start year 2020 (pandemic). Over 10 years: +10.5% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.8%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+10.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.9%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.8.9% vs 11.0%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+17.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +14.9% a year for the price and +6.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (69 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: The company's strength lies in its serial acquisition model that enables consistent expansion into industrial niches, while its main weakness is the tight linkage of results to deal flow and integration outcomes.
Main risk: Platforms such as Amazon Business could capture routine purchases of standard components from Indutrade subsidiaries, pressuring prices and margins in its industrial distribution business.
Bull case: Indutrade subsidiaries could enhance technical expertise and local service to differentiate from e-commerce platforms and retain high-value customers.
Bear case: Digital platforms dominating routine transactions could lead Indutrade's volume in standard products to decline sharply, eroding overall margins and growth from acquisitions.
Indutrade keeps adding small industrial technology companies through acquisitions, now at ten deals so far this year. This serial buyer model has driven consistent expansion across niches, yet it also ties results tightly to deal flow and integration success. Will the pace of suitable targets hold up enough to sustain organic improvement, or will execution challenges start to weigh more?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Industrial Distribution · 107 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)15.7% · Top 25%
Return on assets7.7% · Top 25%
Net margin (12 months)8.2% · Top 25%
Operating margin (12 months)13.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)13.1% · Above median
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.38× · Above median
Valuation Multiplesvs Industrial Distribution median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Indutrade AB Fair Value". https://www.fairvalue-calculator.com/stock/INDT
Frequently asked questions
Is Indutrade AB (INDT) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 293.92 versus a price of kr 267.20, about +10% upside (fairly valued).
What is the fair value of INDT?
Our model-based fair value for Indutrade AB is kr 293.92 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 267.20.
What is the quality score of INDT?
Indutrade AB has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Indutrade AB (INDT)?
Our model-based price target is the fair value of kr 293.92 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario kr 199.01, optimistic scenario kr 367.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Indutrade AB stock forecast for 2026?
Our models put fair value at kr 293.92, about +10% upside versus a price of kr 267.20 (fairly valued). Cautious scenario kr 199.01, optimistic scenario kr 367.40. The calculation is refreshed regularly with new filings.
What is the revenue of Indutrade AB (INDT)?
Indutrade AB reported trailing-twelve-month revenue of about 34.1B SEK (latest available figure, as of Nov 7, 2026).
Does Indutrade AB pay a dividend?
Indutrade AB currently shows a dividend yield of 1.16% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Indutrade AB (INDT) and when is the ex-dividend date?
Indutrade AB pays a dividend of kr 3.10 per share a year, a dividend yield of 1.2%. The last ex-dividend date was Apr 2, 2026. A dividend has been paid every year since 2021. The payout ratio is 40.2% of earnings. Free cash flow covers the dividend 3.10 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Indutrade AB (INDT)?
For today's price to be fair in a discounted-cash-flow model, Indutrade AB would have to grow free cash flow by +17.1 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.9 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of INDT use?
Our models discount Indutrade AB at 9.9 %: a base by market capitalisation (mid), damped by beta 1.15, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Indutrade AB that is +17.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has Indutrade AB (INDT) delivered so far?
Over the past 5 years revenue at Indutrade AB grew +10.9 % a year. The price currently implies free-cash-flow growth of +17.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Indutrade AB (INDT) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Indutrade AB (+17.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Indutrade AB (INDT)?
The free-cash-flow yield on the price is 3.60 %: that much free cash flow Indutrade AB produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Indutrade AB (INDT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Indutrade AB it is kr 293.92 per share (as of Nov 7, 2026), against a price of kr 267.20. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Indutrade AB stock overvalued or undervalued in 2026?
As of Nov 7, 2026, INDT trades below its calculated fair value: price kr 267.20, fair value kr 293.92, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of INDT?
No. The price is what the market pays today (kr 267.20); the fair value is what the company's own numbers justify (kr 293.92). For Indutrade AB the two are kr 26.72 per share apart. That gap is exactly why we show both numbers side by side.
How much is Indutrade AB worth?
The market values Indutrade AB at about 97.3B SEK (market capitalisation, as of Nov 7, 2026). Per share that is kr 267.20; our models calculate a fair value of kr 293.92 per share.
What do the bullish and bearish scenarios say about INDT?
Our models span a range for Indutrade AB: cautious scenario kr 199.01, base kr 293.92, optimistic kr 367.40 per share (as of Nov 7, 2026, price kr 267.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INDT?
Indutrade AB trades at a price-to-earnings ratio of 34.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 293.92 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 35.5. Other multiples: PEG 1.6, P/B 5.7, P/S 2.9, EV/EBITDA 18.5.
What is the PEG ratio of INDT?
The PEG ratio of Indutrade AB is 1.63 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Indutrade AB (INDT)?
Balance-sheet figures for Indutrade AB (as of Nov 7, 2026): return on equity 15.7%, debt of 0.38 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is INDT from its 52-week high?
Indutrade AB trades at kr 267.20, about 2% below its 52-week high of kr 272.60 and 46% above the low of kr 182.70 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 293.92 is for.
Which stocks are comparable to Indutrade AB?
From the same area (Industrials) we also value W.W. Grainger, Inc, Fastenal Company, Ferguson Enterprises Inc, WESCO International, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Indutrade AB stock attractive at the current price?
The data as of Nov 7, 2026: price kr 267.20, calculated fair value kr 293.92 (+10%), Quality Score 66/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of INDT calculated?
We run Indutrade AB through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 293.92 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Indutrade AB currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Indutrade AB (INDT)?
The closing price on Nov 6, 2026 was kr 267.20. Our model-based fair value is kr 293.92, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Indutrade AB right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (kr 199.01 to kr 367.40) leaves room in how you read the outcome.
Where does the earnings growth of Indutrade AB (INDT) come from?
Earnings per share at Indutrade AB grew +13.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.0 %, EBIT margin +2.3 %, tax rate −0.1 %, residual (interest, one-offs) −0.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Indutrade AB
How large is the market capitalisation of Indutrade AB (INDT)?
The market capitalisation of Indutrade AB is 97.3B SEK (≈ $9.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Indutrade AB (INDT)?
The price-to-sales ratio of Indutrade AB is 2.85 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Indutrade AB (INDT)?
Earnings per share at Indutrade AB are kr 7.72 (price ÷ EPS = P/E 34.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Indutrade AB (INDT)?
The dividend yield of Indutrade AB is 1.2% (payout 40.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Indutrade AB (INDT)?
The net margin of Indutrade AB is 8.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Indutrade AB (INDT)?
The return on equity (ROE) of Indutrade AB is 15.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Indutrade AB (INDT)?
On an EBIT basis the return on assets of Indutrade AB is 12.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Indutrade AB (INDT)?
The operating margin of Indutrade AB is 13.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Indutrade AB (INDT)?
Revenue at Indutrade AB is growing +13.1% versus a year earlier (3y avg +6.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Indutrade AB (INDT)?
Earnings per share at Indutrade AB are growing +19.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Indutrade AB (INDT) carry?
The net debt of Indutrade AB is 7.3B SEK (fiscal year 2025, ≈ 2.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Indutrade AB in the live analysis
One click puts Indutrade AB on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 7, 2026