WindowMaster International AS (WMA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of WindowMaster International AS stock DKK 394, price DKK 660, that is 40.3% below the price, quality 55 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 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 3, 2026.
How to read this chart
60‑month range kr 387.60 – kr 1,420 · fair‑value band kr 333.44 – kr 521.40 · the kr 660.00 price screens above the kr 393.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
Follow WindowMaster International AS in your weekly email
Every Wednesday you see whether WindowMaster International AS 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.
WindowMaster International A/S offers indoor climate solutions worldwide.
Show moreShow less
It offers actuators and accessories, such as spindle, chain, locking, louvre, door, and window actuators, as well as brackets and cables; controllers used for power supply and control of window actuators for natural, mixed mode, and smoke ventilation; sensors and detectors; and accessories, such as break glass units, keypads, and miscellaneous products, as well as spare parts.
The company provides service and maintenance of systems and software; testing of product functionality; remote, fault localization, back-up, and restoration services; on-going monitoring, adjustments, event logging, and reports; and indoor climate support services with proposals for optimization.
In addition, it offers other service options comprising training for technical staff and facility management; training in WindowMaster software and natural ventilation; system upgrades with new system functions; and interface to other building systems.
The company was incorporated in 1989 and is headquartered in Vedbæk, Denmark.
Stock analysis
WindowMaster International AS (WMA) currently trades at kr 660.00, while our model-based Fair Value estimate is kr 393.87, 40% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of kr 2,047 per share, and 11 of the 24 models we run sit above the kr 660.00 price.
Bear case: the Asset-Based group reads lowest at kr 72.96, and 13 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 333.44 (bear) to kr 521.40 (bull), the price of kr 660.00 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 55/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
WindowMaster International AS reported revenue of 269M DKK in FY2025 versus 211M DKK in FY2021, a compound +6.2%/yr. Reported net income was 869K DKK in FY2025.
Key figures
Market cap 96.8M DKK (≈ $14.5M) Micro · P/E ratio 37.0 · P/S ratio 0.36 · EPS (TTM) kr 17.83 · Dividend yield 5.8% · Net margin 0.9% · Return on equity 10.0% · Return on assets (EBIT) 4.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −40%, WMA screens richer than that median.
Fair Value models
Bearkr 333.44Fair Value kr 393.87Bullkr 521.40
Price kr 660.00 · Downside -40.3%
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 15.29 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.68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−8.8%
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.
+3.6%
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.
+7.2%
Start year 2020 (pandemic)
Revenue growth 7 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.
+4.5%
’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.
+20.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.9%
Dividend (yield on the price)5.8%
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.1% → 3%
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).
−15.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Denmark: IMF forecast 2.1% a year to 2030, 2.0% from 2016 to 2025) that is about −17.6% a year for the price.
Compare WindowMaster International AS with another stock
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.Building Products & Equipment · 255 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside−40.3% · Below median
Profitability
Return on equity (12 months)10.0% · Above median
Return on assets0.6% · Below median
Net margin (12 months)0.9% · Below median
Operating margin (12 months)−4.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)2.5% · Below median
Dividend yield (12 months)5.8% · Top 25%
Balance sheet
Debt / equity0.35× · Above median
Valuation Multiplesvs Building Products & Equipment 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). "WindowMaster International AS Fair Value". https://www.fairvalue-calculator.com/stock/WMA.CO
Frequently asked questions
Is WindowMaster International AS (WMA) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of kr 393.87 versus a price of kr 660.00, about 40% lower (overvalued).
What is the fair value of WMA?
Our model-based fair value for WindowMaster International AS is kr 393.87 (as of Nov 3, 2026), built from audited fundamentals. The current price: kr 660.00.
What is the quality score of WMA?
WindowMaster International 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 WindowMaster International AS (WMA)?
Our model-based price target is the fair value of kr 393.87 (as of Nov 3, 2026) from 24 valuation models. Cautious scenario kr 333.44, optimistic scenario kr 521.40. It is a calculation from audited fundamentals, not an analyst target.
What is the WindowMaster International AS stock forecast for 2026?
Our models put fair value at kr 393.87, about 40% lower versus a price of kr 660.00 (overvalued). Cautious scenario kr 333.44, optimistic scenario kr 521.40. The calculation is refreshed regularly with new filings.
What is the revenue of WindowMaster International AS (WMA)?
WindowMaster International AS reported trailing-twelve-month revenue of about 272M DKK (latest available figure, as of Nov 3, 2026).
Does WindowMaster International AS pay a dividend?
WindowMaster International AS currently shows a dividend yield of 5.79% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of WindowMaster International AS (WMA)?
WindowMaster International AS has a dividend yield of 5.8%.
What growth is priced into WindowMaster International AS (WMA)?
For today's price to be fair in a discounted-cash-flow model, WindowMaster International AS would have to grow free cash flow by -15.9 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.2 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of WMA use?
Our models discount WindowMaster International AS at 9.5 %: a base by market capitalisation (nano), country premium for Denmark. 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 WindowMaster International AS that is -15.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has WindowMaster International AS (WMA) delivered so far?
Over the past 5 years revenue at WindowMaster International AS grew +7.2 % a year. The price currently implies free-cash-flow growth of -15.9 % 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 WindowMaster International AS (WMA) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into WindowMaster International AS (-15.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of WindowMaster International AS (WMA)?
The free-cash-flow yield on the price is 27.79 %: that much free cash flow WindowMaster International AS produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WindowMaster International AS (WMA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WindowMaster International AS it is kr 393.87 per share (as of Nov 3, 2026), against a price of kr 660.00. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is WindowMaster International AS stock overvalued or undervalued in 2026?
As of Nov 3, 2026, WMA trades above its calculated fair value: price kr 660.00, fair value kr 393.87, a gap of about −40% (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 WMA?
No. The price is what the market pays today (kr 660.00); the fair value is what the company's own numbers justify (kr 393.87). For WindowMaster International AS the two are kr 266.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is WindowMaster International AS worth?
The market values WindowMaster International AS at about 96.8M DKK (market capitalisation, as of Nov 3, 2026). Per share that is kr 660.00; our models calculate a fair value of kr 393.87 per share.
What do the bullish and bearish scenarios say about WMA?
Our models span a range for WindowMaster International AS: cautious scenario kr 333.44, base kr 393.87, optimistic kr 521.40 per share (as of Nov 3, 2026, price kr 660.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WMA?
WindowMaster International AS trades at a price-to-earnings ratio of 37.0 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 393.87 is built from several models across several years. Other multiples: P/B 3.0, P/S 0.4, EV/EBITDA 7.6.
How solid is the balance sheet of WindowMaster International AS (WMA)?
Balance-sheet figures for WindowMaster International AS (as of Nov 3, 2026): return on equity 10.0%, debt of 0.35 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is WMA from its 52-week high?
WindowMaster International AS trades at kr 660.00, about 35% below its 52-week high of kr 1,013 and 2% above the low of kr 650.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 393.87 is for.
Which stocks are comparable to WindowMaster International AS?
From the same area (Industrials) we also value Johnson Controls International plc, Trane Technologies plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 WindowMaster International AS stock attractive at the current price?
The data as of Nov 3, 2026: price kr 660.00, calculated fair value kr 393.87 (−40%), Quality Score 55/100, from 24 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 WMA calculated?
We run WindowMaster International AS through 24 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 393.87 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. WindowMaster International 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 WindowMaster International AS (WMA)?
The closing price on Nov 6, 2026 was kr 660.00. Our model-based fair value is kr 393.87, about 40% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WindowMaster International AS right now?
The price sits above even our optimistic bull case (kr 521.40). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of WindowMaster International AS
How large is the market capitalisation of WindowMaster International AS (WMA)?
The market capitalisation of WindowMaster International AS is 96.8M DKK (≈ $14.5M). 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 WindowMaster International AS (WMA)?
The price-to-sales ratio of WindowMaster International AS is 0.36 (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 WindowMaster International AS (WMA)?
Earnings per share at WindowMaster International AS are kr 17.83 (price ÷ EPS = P/E 37.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of WindowMaster International AS (WMA)?
The dividend yield of WindowMaster International AS is 5.8%. 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 WindowMaster International AS (WMA)?
The net margin of WindowMaster International AS is 0.9% (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 WindowMaster International AS (WMA)?
The return on equity (ROE) of WindowMaster International AS is 10.0% (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 WindowMaster International AS (WMA)?
On an EBIT basis the return on assets of WindowMaster International AS is 4.0% (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 WindowMaster International AS (WMA)?
The operating margin of WindowMaster International AS is −4.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WindowMaster International AS (WMA)?
Revenue at WindowMaster International AS is growing +2.5% versus a year earlier (3y avg +3.6%). 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 WindowMaster International AS (WMA)?
Earnings per share at WindowMaster International AS are growing +5.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does WindowMaster International AS (WMA) carry?
The net debt of WindowMaster International AS is 62.6M DKK (fiscal year 2025, ≈ 2.3 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 WindowMaster International AS in the live analysis
One click puts WindowMaster International AS on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 3, 2026