Svolder AB (publ) (SVOL-B) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Svolder AB (publ) stock SEK 50.32, price SEK 64.60, that is 22.1% below the price, quality 74 out of 100. Rating: overvalued. Calculated from audited financials with 2 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 9, 2026.
How to read this chart
60‑month range kr 43.80 – kr 87.27 · fair‑value band kr 37.74 – kr 62.90 · the kr 64.60 price screens above the kr 50.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Svolder AB (publ) operates is a publicly owned investment manager. The firm operates as an investment trust. It invests in the shares of listed small and medium-size companies in Sweden. Svolder AB (publ) was founded in June, 1993 and is based in Stockholm, Sweden.
Stock analysis
Svolder AB (publ) (SVOL-B) currently trades at kr 64.60, while our model-based Fair Value estimate is kr 50.32, 22% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at medium.
Scenario range: kr 37.74 (bear) to kr 62.90 (bull), the price of kr 64.60 sits above 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 74/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Svolder AB (publ) reported revenue of 408M SEK in FY2026 versus −1.2B SEK in FY2022. Reported net income was 408M SEK in FY2026.
Key figures
Market cap 6.6B SEK (≈ $659M) Small · P/E ratio 15.6 · P/S ratio 15.6 · EPS (TTM) kr 3.99 · Dividend yield 2.8% · Net margin 100% · Return on equity −1.3% · Return on assets (EBIT) −1.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −22%, SVOL-B screens richer than that median.
Fair Value models
Bearkr 37.74Fair Value kr 50.32Bullkr 62.90
Price kr 64.60 · Downside -22.1%
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 2026 figures (about 2 months old). Earnings retained since then (kr 0.4380 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.27/100
Revenue growth is weak, negative or inconsistent.
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.
−35.0%
Start year 2021 (pandemic). Over 10 years: −6.0% a year
Revenue growth 24 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.
+2.9%
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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.
−24.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−27.7%
Dividend (yield on the price)2.8%
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.−27.7% vs −4.7%, slowing
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.99% → 100%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+40.7%
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 +37.9% 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.Asset Management · 633 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside−22.1% · Bottom 25%
Profitability
Return on assets6.7% · Above median
Net margin (12 months)100.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−9.3% · Below median
Dividend yield (12 months)2.8% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)15.6× · Pricier than median
P/B0.11× · Cheapest 25%
P/S (12 months)49.54× · Priciest 25%
Price / free cash flow (fiscal year)7.9× · Cheaper than median
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). "Svolder AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/SVOL-B
Frequently asked questions
Is Svolder AB (publ) (SVOL-B) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of kr 50.32 versus a price of kr 64.60, about 22% lower (overvalued).
What is the fair value of SVOL-B?
Our model-based fair value for Svolder AB (publ) is kr 50.32 (as of Nov 9, 2026), built from audited fundamentals. The current price: kr 64.60.
What is the quality score of SVOL-B?
Svolder AB (publ) has a Quality Score of 74/100. 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 Svolder AB (publ) (SVOL-B)?
Our model-based price target is the fair value of kr 50.32 (as of Nov 9, 2026) from 2 valuation models. Cautious scenario kr 37.74, optimistic scenario kr 62.90. It is a calculation from audited fundamentals, not an analyst target.
What is the Svolder AB (publ) stock forecast for 2026?
Our models put fair value at kr 50.32, about 22% lower versus a price of kr 64.60 (overvalued). Cautious scenario kr 37.74, optimistic scenario kr 62.90. The calculation is refreshed regularly with new filings.
Does Svolder AB (publ) pay a dividend?
Svolder AB (publ) currently shows a dividend yield of 2.79% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Svolder AB (publ) (SVOL-B) and when is the ex-dividend date?
Svolder AB (publ) pays a dividend of kr 1.80 per share a year, a dividend yield of 2.8%. The next ex-dividend date is Nov 24, 2026. A dividend has been paid every year since 2009. The payout ratio is 45.1% of earnings. Free cash flow covers the dividend 0.48 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Svolder AB (publ) (SVOL-B)?
For today's price to be fair in a discounted-cash-flow model, Svolder AB (publ) would have to grow free cash flow by +40.7 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -35.0 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of SVOL-B use?
Our models discount Svolder AB (publ) at 11.7 %: a base by market capitalisation (small), damped by beta 1.25, 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 Svolder AB (publ) that is +40.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has Svolder AB (publ) (SVOL-B) delivered so far?
Over the past 5 years revenue at Svolder AB (publ) grew -35.0 % a year. The price currently implies free-cash-flow growth of +40.7 % 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 Svolder AB (publ) (SVOL-B) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Svolder AB (publ) (+40.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Svolder AB (publ) (SVOL-B)?
The free-cash-flow yield on the price is 1.27 %: that much free cash flow Svolder AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Svolder AB (publ) (SVOL-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Svolder AB (publ) it is kr 50.32 per share (as of Nov 9, 2026), against a price of kr 64.60. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Svolder AB (publ) stock overvalued or undervalued in 2026?
As of Nov 9, 2026, SVOL-B trades above its calculated fair value: price kr 64.60, fair value kr 50.32, a gap of about −22% (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 SVOL-B?
No. The price is what the market pays today (kr 64.60); the fair value is what the company's own numbers justify (kr 50.32). For Svolder AB (publ) the two are kr 14.28 per share apart. That gap is exactly why we show both numbers side by side.
How much is Svolder AB (publ) worth?
The market values Svolder AB (publ) at about 6.6B SEK (market capitalisation, as of Nov 9, 2026). Per share that is kr 64.60; our models calculate a fair value of kr 50.32 per share.
What do the bullish and bearish scenarios say about SVOL-B?
Our models span a range for Svolder AB (publ): cautious scenario kr 37.74, base kr 50.32, optimistic kr 62.90 per share (as of Nov 9, 2026, price kr 64.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SVOL-B?
Svolder AB (publ) trades at a price-to-earnings ratio of 15.6 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 50.32 is built from several models across several years. Other multiples: P/B 0.1, P/S 49.5.
How solid is the balance sheet of Svolder AB (publ) (SVOL-B)?
Balance-sheet figures for Svolder AB (publ) (as of Nov 9, 2026): return on equity −1.3%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is SVOL-B from its 52-week high?
Svolder AB (publ) trades at kr 64.60, at its 52-week high of kr 64.60 and 41% above the low of kr 45.70 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of kr 50.32 is for.
Which stocks are comparable to Svolder AB (publ)?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Asset Management Ltd, Apollo Global Management, 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 Svolder AB (publ) stock attractive at the current price?
The data as of Nov 9, 2026: price kr 64.60, calculated fair value kr 50.32 (−22%), Quality Score 74/100, from 2 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 SVOL-B calculated?
We run Svolder AB (publ) through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of kr 50.32 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 14.0% above its aggregate fair value. Svolder AB (publ) 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 Svolder AB (publ) (SVOL-B)?
The closing price on Nov 11, 2026 was kr 64.60. Our model-based fair value is kr 50.32, about 22% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Svolder AB (publ) right now?
The price sits above even our optimistic bull case (kr 62.90). The favourable scenario is already priced in. Solid but not exceptional quality (74/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Svolder AB (publ)
How large is the market capitalisation of Svolder AB (publ) (SVOL-B)?
The market capitalisation of Svolder AB (publ) is 6.6B SEK (≈ $659M). 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 Svolder AB (publ) (SVOL-B)?
The price-to-sales ratio of Svolder AB (publ) is 15.6 (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 Svolder AB (publ) (SVOL-B)?
Earnings per share at Svolder AB (publ) are kr 3.99 (price ÷ EPS = P/E 15.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Svolder AB (publ) (SVOL-B)?
The dividend yield of Svolder AB (publ) is 2.8% (payout 45.1%). 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 Svolder AB (publ) (SVOL-B)?
The net margin of Svolder AB (publ) is 100% (fiscal year 2026). 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 Svolder AB (publ) (SVOL-B)?
The return on equity (ROE) of Svolder AB (publ) is −1.3% (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 Svolder AB (publ) (SVOL-B)?
On an EBIT basis the return on assets of Svolder AB (publ) is −1.8% (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 Svolder AB (publ) (SVOL-B)?
The operating margin of Svolder AB (publ) is −236% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Svolder AB (publ) (SVOL-B)?
Revenue at Svolder AB (publ) is growing −9.3% versus a year earlier. 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 Svolder AB (publ) (SVOL-B)?
Earnings per share at Svolder AB (publ) are growing +932% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Svolder AB (publ) (SVOL-B) hold?
Svolder AB (publ) holds more cash than debt, 431M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 9, 2026