Embellence Group AB (EMBELL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Embellence Group AB stock SEK 45.17, price SEK 32.60, upside +38.6%, quality 40 out of 100. Rating: undervalued. Calculated from audited financials with 22 of our 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 6, 2026.
How to read this chart
60‑month range kr 14.57 – kr 41.45 · fair‑value band kr 30.94 – kr 60.91 · the kr 32.60 price screens below the kr 45.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Embellence Group AB (publ) provides interior decoration products worldwide. The company offers textiles and rugs under the Boråstapeter, Cole & Son, Wall&decò, Pappelina, Artscape, and Borås Tapetfabrik brands in the wallpaper segment.
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It serves wallpaper, designers, lifestyle brands, and construction companies. The company was incorporated in 1905 and is headquartered in Borås, Sweden.
Stock analysis
Embellence Group AB (EMBELL) currently trades at kr 32.60, while our model-based Fair Value estimate is kr 45.17, implying the stock looks roughly 28% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 24.56 per share, and 0 of the 22 models we run sit above the kr 32.60 price.
Bear case: the Earnings-Based group reads lowest at kr 5.40, and 22 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 30.94 (bear) to kr 60.91 (bull), the price of kr 32.60 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 40/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Embellence Group AB reported revenue of 765M SEK in FY2025 versus 647M SEK in FY2021, a compound +4.3%/yr. Reported net income was 69.0M SEK in FY2025, compounding +3.9%/yr from FY2021.
Key figures
Market cap 767M SEK (≈ $77.7M) Micro · P/E ratio 12.4 · P/S ratio 1.02 · EPS (TTM) kr 2.62 · Dividend yield 4.6% · Net margin 8.6% · Return on equity 12.2% · Return on assets (EBIT) 8.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −24% fair-value upside, at 39%, EMBELL screens cheaper than that median.
Fair Value models
Bearkr 30.94Fair Value kr 45.17Bullkr 60.91
Price kr 32.60 · Upside +38.6%
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.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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
−15.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.2%
Dividend (yield on the price)4.6%
Profit margin 2021 to 2026 ⓘ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%
⚠ Revenue per share shrinking 7.4%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+2.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +0.8% a year for the price.
Price, fair value, quality and upside side by side.
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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.Furnishings, Fixtures & Appliances · 297 stocks
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). "Embellence Group AB Fair Value". https://www.fairvalue-calculator.com/stock/EMBELL
Frequently asked questions
Is Embellence Group AB (EMBELL) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of kr 45.17 versus a price of kr 32.60, about +39% upside (undervalued).
What is the fair value of EMBELL?
Our model-based fair value for Embellence Group AB is kr 45.17 (as of Nov 6, 2026), built from audited fundamentals. The current price: kr 32.60.
What is the quality score of EMBELL?
Embellence Group AB has a Quality Score of 40/100. 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 Embellence Group AB (EMBELL)?
Our model-based price target is the fair value of kr 45.17 (as of Nov 6, 2026) from 22 valuation models. Cautious scenario kr 30.94, optimistic scenario kr 60.91. It is a calculation from audited fundamentals, not an analyst target.
What is the Embellence Group AB stock forecast for 2026?
Our models put fair value at kr 45.17, about +39% upside versus a price of kr 32.60 (undervalued). Cautious scenario kr 30.94, optimistic scenario kr 60.91. The calculation is refreshed regularly with new filings.
Does Embellence Group AB pay a dividend?
Embellence Group AB currently shows a dividend yield of 4.60% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Embellence Group AB (EMBELL) and when is the ex-dividend date?
Embellence Group AB pays a dividend of kr 1.50 per share a year, a dividend yield of 4.6%. The last ex-dividend date was May 13, 2026. The payout ratio is 57.3% of earnings. Free cash flow covers the dividend 1.95 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 Embellence Group AB (EMBELL)?
For today's price to be fair in a discounted-cash-flow model, Embellence Group AB would have to grow free cash flow by +2.8 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +305.2 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of EMBELL use?
Our models discount Embellence Group AB at 11.4 %: a base by market capitalisation (micro), damped by beta 0.65, 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 Embellence Group AB that is +2.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Embellence Group AB (EMBELL) delivered so far?
Over the past 5 years revenue at Embellence Group AB grew +305.2 % a year. The price currently implies free-cash-flow growth of +2.8 % 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 Embellence Group AB (EMBELL) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Embellence Group AB (+2.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Embellence Group AB (EMBELL)?
The free-cash-flow yield on the price is 8.99 %: that much free cash flow Embellence Group AB produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Embellence Group AB (EMBELL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Embellence Group AB it is kr 45.17 per share (as of Nov 6, 2026), against a price of kr 32.60. It is the blended result of 22 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Embellence Group AB stock overvalued or undervalued in 2026?
As of Nov 6, 2026, EMBELL trades below its calculated fair value: price kr 32.60, fair value kr 45.17, a gap of about +39% (undervalued). 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 EMBELL?
No. The price is what the market pays today (kr 32.60); the fair value is what the company's own numbers justify (kr 45.17). For Embellence Group AB the two are kr 12.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is Embellence Group AB worth?
The market values Embellence Group AB at about 767M SEK (market capitalisation, as of Nov 6, 2026). Per share that is kr 32.60; our models calculate a fair value of kr 45.17 per share.
What do the bullish and bearish scenarios say about EMBELL?
Our models span a range for Embellence Group AB: cautious scenario kr 30.94, base kr 45.17, optimistic kr 60.91 per share (as of Nov 6, 2026, price kr 32.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EMBELL?
Embellence Group AB trades at a price-to-earnings ratio of 12.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 45.17 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 12.6. Other multiples: P/B 1.4, P/S 1.0, EV/EBITDA 6.9.
How solid is the balance sheet of Embellence Group AB (EMBELL)?
Balance-sheet figures for Embellence Group AB (as of Nov 6, 2026): return on equity 12.2%, debt of 0.07 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is EMBELL from its 52-week high?
Embellence Group AB trades at kr 32.60, about 16% below its 52-week high of kr 39.02 and 7% above the low of kr 30.40 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 45.17 is for.
Which stocks are comparable to Embellence Group AB?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, SharkNinja, Inc, Haier Smart Home Co, 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 Embellence Group AB stock attractive at the current price?
The data as of Nov 6, 2026: price kr 32.60, calculated fair value kr 45.17 (+39%), Quality Score 40/100, from 22 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 EMBELL calculated?
We run Embellence Group AB through 22 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 45.17 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 13.3% above its aggregate fair value. Embellence Group AB currently trades 28% 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 Embellence Group AB (EMBELL)?
The closing price on Nov 6, 2026 was kr 32.60. Our model-based fair value is kr 45.17, about +39% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Embellence Group AB right now?
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain. A fairly wide model range (kr 30.94 to kr 60.91) leaves room in how you read the outcome.
Key figures of Embellence Group AB
How large is the market capitalisation of Embellence Group AB (EMBELL)?
The market capitalisation of Embellence Group AB is 767M SEK (≈ $77.7M). 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 Embellence Group AB (EMBELL)?
The price-to-sales ratio of Embellence Group AB is 1.02 (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 Embellence Group AB (EMBELL)?
Earnings per share at Embellence Group AB are kr 2.62 (price ÷ EPS = P/E 12.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Embellence Group AB (EMBELL)?
The dividend yield of Embellence Group AB is 4.6% (payout 57.3%). 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 Embellence Group AB (EMBELL)?
The net margin of Embellence Group AB is 8.6% (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 Embellence Group AB (EMBELL)?
The return on equity (ROE) of Embellence Group AB is 12.2% (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 Embellence Group AB (EMBELL)?
On an EBIT basis the return on assets of Embellence Group AB is 8.0% (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 Embellence Group AB (EMBELL)?
The operating margin of Embellence Group AB is 11.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Embellence Group AB (EMBELL)?
Revenue at Embellence Group AB is growing +2.3% versus a year earlier (3y avg −35.3%). 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 Embellence Group AB (EMBELL)?
Earnings per share at Embellence Group AB are growing +25.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Embellence Group AB (EMBELL) carry?
The net debt of Embellence Group AB is 12.0M SEK (fiscal year 2026, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 6, 2026