Integrated Wind Solutions AS (IWS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Integrated Wind Solutions AS stock NOK 46.26, price NOK 62.00, that is 25.4% below the price, quality 55 out of 100. Rating: overvalued. Calculated from audited financials with 14 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 8, 2026.
How to read this chart
60‑month range kr 28.51 – kr 64.40 · fair‑value band kr 34.70 – kr 63.22 · the kr 62.00 price screens above the kr 46.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Integrated Wind Solutions ASA, through its subsidiaries, provides offshore wind services in the United Kingdom, the Netherlands, Taiwan, Poland, Belgium, Greece, France, Norway, and internationally. It operates through IWS Fleet and IWS Services.
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The IWS Fleet segment owns and operates construction and service operation vessels. The IWS Services segment provides design, engineering, construction, operation, and management services for onshore and offshore wind industry.
The company also provides asset management consulting and advisory, and commercial and technical management services. Integrated Wind Solutions ASA was incorporated in 2020 and is based in Oslo, Norway.
Stock analysis
Integrated Wind Solutions AS (IWS) currently trades at kr 62.00, while our model-based Fair Value estimate is kr 46.26, 25% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 193.30 per share, and 5 of the 14 models we run sit above the kr 62.00 price.
Bear case: the Economic Profit group reads lowest at kr 27.36, and 9 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 34.70 (bear) to kr 63.22 (bull), the price of kr 62.00 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 55/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Integrated Wind Solutions AS reported revenue of €106M in FY2025 versus €51.4M in FY2021, a compound +19.9%/yr. Reported net income was €16.7M in FY2025.
Key figures
Market cap 2.5B NOK (≈ $262M) Micro · P/E ratio 10.4 · P/S ratio 1.64 · EPS (TTM) kr 5.95 · Dividend yield 0.4% · Net margin 15.8% · Return on equity 13.6% · Return on assets (EBIT) 0.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 65% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −25%, IWS screens cheaper than that median.
Fair Value models
Bearkr 34.70Fair Value kr 46.26Bullkr 63.22
Price kr 62.00 · Downside -25.4%
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 4.88 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.14/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+88.4%
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.
−21.5%
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
−22.9% (2021) → 23.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
Compare Integrated Wind Solutions AS with another stock
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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.Specialty Industrial Machinery · 813 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−25.4% · Above median
Profitability
Return on equity (12 months)13.6% · Top 25%
Return on assets4.0% · Above median
Net margin (12 months)16.8% · Top 25%
Operating margin (12 months)30.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)27.3% · Top 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity1.05× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)10.4× · Cheapest 25%
P/B1.38× · Cheaper than median
P/S (12 months)1.90× · Cheaper than median
EV/EBITDA8.1× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 30
PAST (return on equity)54· sector 28
HEALTH (low debt)47· sector 96
DIVIDEND (yield)8· sector 29
VALUE 0: the price sits above our fair-value range.
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). "Integrated Wind Solutions AS Fair Value". https://www.fairvalue-calculator.com/stock/IWS
Frequently asked questions
Is Integrated Wind Solutions AS (IWS) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 46.26 versus a price of kr 62.00, about 25% lower (overvalued).
What is the fair value of IWS?
Our model-based fair value for Integrated Wind Solutions AS is kr 46.26 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 62.00.
What is the quality score of IWS?
Integrated Wind Solutions AS has a Quality Score of 55/100. 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 Integrated Wind Solutions AS (IWS)?
Our model-based price target is the fair value of kr 46.26 (as of Nov 8, 2026) from 14 valuation models. Cautious scenario kr 34.70, optimistic scenario kr 63.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Integrated Wind Solutions AS stock forecast for 2026?
Our models put fair value at kr 46.26, about 25% lower versus a price of kr 62.00 (overvalued). Cautious scenario kr 34.70, optimistic scenario kr 63.22. The calculation is refreshed regularly with new filings.
What is the revenue of Integrated Wind Solutions AS (IWS)?
Integrated Wind Solutions AS reported trailing-twelve-month revenue of about €124M (latest available figure, as of Nov 8, 2026).
Does Integrated Wind Solutions AS pay a dividend?
Integrated Wind Solutions AS currently shows a dividend yield of 0.42% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Integrated Wind Solutions AS (IWS) and when is the ex-dividend date?
Integrated Wind Solutions AS pays a dividend of kr 0.261 per share a year, a dividend yield of 0.4%. The last ex-dividend date was Sep 7, 2026. The payout ratio is 5.9% of earnings. Our assessment: Token dividend. At a yield of 0.4% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.4% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Integrated Wind Solutions AS (IWS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Integrated Wind Solutions AS it is kr 46.26 per share (as of Nov 8, 2026), against a price of kr 62.00. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Integrated Wind Solutions AS stock overvalued or undervalued in 2026?
As of Nov 8, 2026, IWS trades above its calculated fair value: price kr 62.00, fair value kr 46.26, a gap of about −25% (overvalued). 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 IWS?
No. The price is what the market pays today (kr 62.00); the fair value is what the company's own numbers justify (kr 46.26). For Integrated Wind Solutions AS the two are kr 15.74 per share apart. That gap is exactly why we show both numbers side by side.
How much is Integrated Wind Solutions AS worth?
The market values Integrated Wind Solutions AS at about 2.5B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 62.00; our models calculate a fair value of kr 46.26 per share.
What do the bullish and bearish scenarios say about IWS?
Our models span a range for Integrated Wind Solutions AS: cautious scenario kr 34.70, base kr 46.26, optimistic kr 63.22 per share (as of Nov 8, 2026, price kr 62.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IWS?
Integrated Wind Solutions AS trades at a price-to-earnings ratio of 10.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 46.26 is built from several models across several years. Other multiples: P/B 1.4, P/S 1.9, EV/EBITDA 8.1.
How solid is the balance sheet of Integrated Wind Solutions AS (IWS)?
Balance-sheet figures for Integrated Wind Solutions AS (as of Nov 8, 2026): return on equity 13.6%, debt of 1.05 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is IWS from its 52-week high?
Integrated Wind Solutions AS trades at kr 62.00, about 4% below its 52-week high of kr 64.40 and 65% above the low of kr 37.52 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 46.26 is for.
Which stocks are comparable to Integrated Wind Solutions AS?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, 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 Integrated Wind Solutions AS stock attractive at the current price?
The data as of Nov 8, 2026: price kr 62.00, calculated fair value kr 46.26 (−25%), Quality Score 55/100, from 14 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 IWS calculated?
We run Integrated Wind Solutions AS through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 46.26 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. Integrated Wind Solutions AS itself currently trades above fair value. 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 Integrated Wind Solutions AS (IWS)?
The closing price on Nov 6, 2026 was kr 62.00. Our model-based fair value is kr 46.26, about 25% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Integrated Wind Solutions AS right now?
Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 34.70 to kr 63.22) leaves room in how you read the outcome.
Key figures of Integrated Wind Solutions AS
How large is the market capitalisation of Integrated Wind Solutions AS (IWS)?
The market capitalisation of Integrated Wind Solutions AS is 2.5B NOK (≈ $262M). 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 Integrated Wind Solutions AS (IWS)?
The price-to-sales ratio of Integrated Wind Solutions AS is 1.64 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Integrated Wind Solutions AS (IWS)?
Earnings per share at Integrated Wind Solutions AS are kr 5.95 (price ÷ EPS = P/E 10.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Integrated Wind Solutions AS (IWS)?
The dividend yield of Integrated Wind Solutions AS is 0.4% (payout 4.4%). 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 Integrated Wind Solutions AS (IWS)?
The net margin of Integrated Wind Solutions AS is 15.8% (fiscal year 2025). 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 Integrated Wind Solutions AS (IWS)?
The return on equity (ROE) of Integrated Wind Solutions AS is 13.6% (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 Integrated Wind Solutions AS (IWS)?
On an EBIT basis the return on assets of Integrated Wind Solutions AS is 0.4% (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 Integrated Wind Solutions AS (IWS)?
The operating margin of Integrated Wind Solutions AS is 30.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Integrated Wind Solutions AS (IWS)?
Revenue at Integrated Wind Solutions AS is growing +27.3% versus a year earlier (3y avg −21.5%). 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 Integrated Wind Solutions AS (IWS)?
Earnings per share at Integrated Wind Solutions AS are growing +81.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Integrated Wind Solutions AS (IWS) generate?
The free cash flow of Integrated Wind Solutions AS is −€63.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Integrated Wind Solutions AS (IWS) carry?
The net debt of Integrated Wind Solutions AS is €139M (fiscal year 2025). 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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Some data
Nov 8, 2026