Wulff-Yhtiot Oy (WUF1V) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Wulff-Yhtiot Oy stock €6.90, price €4.47, upside +54.4%, quality 68 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 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 €1.47 – €4.51 · fair‑value band €4.95 – €8.62 · the €4.47 price screens below the €6.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Wulff-Yhtiöt Oyj, together with its subsidiaries, provides workplace products, IT supplies, ergonomics, printing, international exhibition, and event services in Finland, Sweden, Norway, Denmark, other European countries, and internationally.
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It operates through two segments: Worklife Services and Products for Work Environments.
The Worklife services segment includes staffing services, accounting and financial management services, consulting services, exhibition, event, and space design services for internationally and domestically, as well as professional printing and document management solutions.
The Products for Work Environments segment provides automated replenishment service for snacks, office supplies, and facility maintenance essentials.
In addition, the company offers local office, accountancy, contract, print and document management, corporate catering, well-being at work, studio, branding, and exhibition services.
It serves micro and small companies through wulffinkulma.fi, a webshop; and wulff.fi, as well as through sales professionals and brick-and-mortar stores. The company was formerly known as Beltton Group Plc and changed its name to Wulff-Yhtiöt Oyj in 2008.
Wulff-Yhtiöt Oyj was founded in 1890 and is headquartered in Espoo, Finland.
Stock analysis
Wulff-Yhtiot Oy (WUF1V) currently trades at €4.47, while our model-based Fair Value estimate is €6.90, implying the stock looks roughly 35% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €7.45 per share, and 17 of the 25 models we run sit above the €4.47 price.
Bear case: the Dividend Discount group reads lowest at €1.87, and 8 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: €4.95 (bear) to €8.62 (bull), the price of €4.47 sits below 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 68/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Wulff-Yhtiot Oy reported revenue of €122M in FY2025 versus €90.4M in FY2021, a compound +7.8%/yr. Reported net income was €2.1M in FY2025, compounding −22.5%/yr from FY2021.
Key figures
Market cap €30.4M Micro · P/E ratio 7.7 · P/S ratio 0.32 · EPS (TTM) €0.5800 · Dividend yield 3.8% · Net margin 2.9% · Return on equity 19.9% · Return on assets (EBIT) 8.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at 54%, WUF1V screens cheaper than that median.
Fair Value models
Bear€4.95Fair Value €6.90Bull€8.62
Price €4.47 · Upside +54.4%
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 (€0.3516 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+19.0%
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.
+6.2%
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.
+16.3%
Start year 2020 (pandemic). Over 10 years: +5.9% a year
Revenue growth 25 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.
+7.1%
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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.
+3.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.5%
Dividend (yield on the price)3.8%
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.−0.5% vs 21.1%, slowing
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.6% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
−9.1%
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 (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −11.0% 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.Business Equipment & Supplies · 77 stocks
Beats the industry median on 12/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+54.4% · Above median
Profitability
Return on equity (12 months)19.9% · Top 25%
Return on assets5.1% · Above median
Net margin (12 months)4.2% · Below median
Operating margin (12 months)5.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)15.8% · Top 25%
Dividend yield (12 months)3.8% · Above median
Balance sheet
Debt / equity0.31× · Highest 25%
Valuation Multiplesvs Business Equipment & Supplies median · lower = cheaper
P/E (12 months)7.7× · Cheapest 25%
P/B1.31× · Cheaper than median
P/S (12 months)0.32× · Cheapest 25%
Price / free cash flow (fiscal year)8.5× · 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). "Wulff-Yhtiot Oy Fair Value". https://www.fairvalue-calculator.com/stock/WUF1V
Frequently asked questions
Is Wulff-Yhtiot Oy (WUF1V) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €6.90 versus a price of €4.47, about +54% upside (undervalued).
What is the fair value of WUF1V?
Our model-based fair value for Wulff-Yhtiot Oy is €6.90 (as of Nov 8, 2026), built from audited fundamentals. The current price: €4.47.
What is the quality score of WUF1V?
Wulff-Yhtiot Oy has a Quality Score of 68/100. 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 Wulff-Yhtiot Oy (WUF1V)?
Our model-based price target is the fair value of €6.90 (as of Nov 8, 2026) from 25 valuation models. Cautious scenario €4.95, optimistic scenario €8.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Wulff-Yhtiot Oy stock forecast for 2026?
Our models put fair value at €6.90, about +54% upside versus a price of €4.47 (undervalued). Cautious scenario €4.95, optimistic scenario €8.62. The calculation is refreshed regularly with new filings.
What is the revenue of Wulff-Yhtiot Oy (WUF1V)?
Wulff-Yhtiot Oy reported trailing-twelve-month revenue of about €137M (latest available figure, as of Nov 8, 2026).
Does Wulff-Yhtiot Oy pay a dividend?
Wulff-Yhtiot Oy currently shows a dividend yield of 3.80% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Wulff-Yhtiot Oy (WUF1V) and when is the ex-dividend date?
Wulff-Yhtiot Oy pays a dividend of €0.17 per share a year, a dividend yield of 3.8%. The last ex-dividend date was Oct 9, 2026. A dividend has been paid every year since 2016. The payout ratio is 29.3% of earnings. Free cash flow covers the dividend 4.43 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 Wulff-Yhtiot Oy (WUF1V)?
For today's price to be fair in a discounted-cash-flow model, Wulff-Yhtiot Oy would have to grow free cash flow by -9.1 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.3 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of WUF1V use?
Our models discount Wulff-Yhtiot Oy at 9.4 %: a base by market capitalisation (nano), damped by beta 0.82, country premium for Finland. 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 Wulff-Yhtiot Oy that is -9.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has Wulff-Yhtiot Oy (WUF1V) delivered so far?
Over the past 5 years revenue at Wulff-Yhtiot Oy grew +16.3 % a year. The price currently implies free-cash-flow growth of -9.1 % 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 Wulff-Yhtiot Oy (WUF1V) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Wulff-Yhtiot Oy (-9.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wulff-Yhtiot Oy (WUF1V)?
The free-cash-flow yield on the price is 16.86 %: that much free cash flow Wulff-Yhtiot Oy produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wulff-Yhtiot Oy (WUF1V)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wulff-Yhtiot Oy it is €6.90 per share (as of Nov 8, 2026), against a price of €4.47. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Wulff-Yhtiot Oy stock overvalued or undervalued in 2026?
As of Nov 8, 2026, WUF1V trades below its calculated fair value: price €4.47, fair value €6.90, a gap of about +54% (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 WUF1V?
No. The price is what the market pays today (€4.47); the fair value is what the company's own numbers justify (€6.90). For Wulff-Yhtiot Oy the two are €2.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wulff-Yhtiot Oy worth?
The market values Wulff-Yhtiot Oy at about €30.4M (market capitalisation, as of Nov 8, 2026). Per share that is €4.47; our models calculate a fair value of €6.90 per share.
What do the bullish and bearish scenarios say about WUF1V?
Our models span a range for Wulff-Yhtiot Oy: cautious scenario €4.95, base €6.90, optimistic €8.62 per share (as of Nov 8, 2026, price €4.47). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WUF1V?
Wulff-Yhtiot Oy trades at a price-to-earnings ratio of 7.7 (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 €6.90 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 11.3. Other multiples: PEG 0.8, P/B 1.3, P/S 0.3, EV/EBITDA 5.1.
What is the PEG ratio of WUF1V?
The PEG ratio of Wulff-Yhtiot Oy is 0.79 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Wulff-Yhtiot Oy (WUF1V)?
Balance-sheet figures for Wulff-Yhtiot Oy (as of Nov 8, 2026): return on equity 19.9%, debt of 0.31 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is WUF1V from its 52-week high?
Wulff-Yhtiot Oy trades at €4.47, about 1% below its 52-week high of €4.51 and 44% above the low of €3.11 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €6.90 is for.
Which stocks are comparable to Wulff-Yhtiot Oy?
From the same area (Industrials) we also value GRG Banking Equipment Co, Crane NXT, Co, Shanghai M&G Stationery Inc, XGD 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 Wulff-Yhtiot Oy stock attractive at the current price?
The data as of Nov 8, 2026: price €4.47, calculated fair value €6.90 (+54%), Quality Score 68/100, from 25 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 WUF1V calculated?
We run Wulff-Yhtiot Oy through 25 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 €6.90 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. Wulff-Yhtiot Oy currently trades 35% 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 Wulff-Yhtiot Oy (WUF1V)?
The closing price on Nov 6, 2026 was €4.47. Our model-based fair value is €6.90, about +54% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wulff-Yhtiot Oy right now?
The price is below even our cautious bear case (€4.95). The market is more pessimistic than our downside scenario. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Wulff-Yhtiot Oy
How large is the market capitalisation of Wulff-Yhtiot Oy (WUF1V)?
The market capitalisation of Wulff-Yhtiot Oy is €30.4M. 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 Wulff-Yhtiot Oy (WUF1V)?
The price-to-sales ratio of Wulff-Yhtiot Oy is 0.32 (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 Wulff-Yhtiot Oy (WUF1V)?
Earnings per share at Wulff-Yhtiot Oy are €0.5800 (price ÷ EPS = P/E 7.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wulff-Yhtiot Oy (WUF1V)?
The dividend yield of Wulff-Yhtiot Oy is 3.8% (payout 29.3%). 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 Wulff-Yhtiot Oy (WUF1V)?
The net margin of Wulff-Yhtiot Oy is 2.9% (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 Wulff-Yhtiot Oy (WUF1V)?
The return on equity (ROE) of Wulff-Yhtiot Oy is 19.9% (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 Wulff-Yhtiot Oy (WUF1V)?
On an EBIT basis the return on assets of Wulff-Yhtiot Oy is 8.1% (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 Wulff-Yhtiot Oy (WUF1V)?
The operating margin of Wulff-Yhtiot Oy is 5.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wulff-Yhtiot Oy (WUF1V)?
Revenue at Wulff-Yhtiot Oy is growing +15.8% versus a year earlier (3y avg +6.2%). 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 Wulff-Yhtiot Oy (WUF1V)?
Earnings per share at Wulff-Yhtiot Oy are growing −45.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wulff-Yhtiot Oy (WUF1V) carry?
The net debt of Wulff-Yhtiot Oy is €7.5M (fiscal year 2025, ≈ 1.5 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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Broad data
Nov 8, 2026