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ABG Sundal Collier Holding (0IZM) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of ABG Sundal Collier Holding NOK 14.00, price NOK 7.31, upside +91.5%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Financial Services · GB · Home Norway · ISIN NO0003021909

AS Broad data Sep 24, 2026

ABG Sundal Collier Holding

0IZM · LSE

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value kr 14.00 · Strongly undervalued (+91.5%)
!Quality 57/100
!Mixed Growth (revenue 5y +2.4 %/yr)
✓Solidly profitable · 18.4% net margin (TTM)
✓generates free cash flow
✓7.5% dividend yield · Sustainable
✓Wide moat 75/100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 7.75 kr 1.53 Fair Value kr 14.00 Jan 2017 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range kr 1.53 – kr 7.75 · fair‑value band kr 7.78 – kr 19.27 · the kr 7.31 price screens below the kr 14.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

ABG Sundal Collier Holding ASA, together with its subsidiaries, provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally. It operates through Corporate Financing, M&A and Advisory, and Brokerage and Research segments.

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ABG Sundal Collier Holding ASA, together with its subsidiaries, provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally. It operates through Corporate Financing, M&A and Advisory, and Brokerage and Research segments. The company offers corporate financing services for corporate clients for raising capital through equity or debt financing. It also provides advisory services in mergers, acquisitions, and sales, as well as various real asset transactions and other advisory services. In addition, the company offers research and brokerage, corporate brokerage, and project finance services. ABG Sundal Collier Holding ASA was founded in 1984 and is headquartered in Oslo, Norway.

Stock analysis

ABG Sundal Collier Holding (0IZM) currently trades at kr 7.31, while our model-based Fair Value estimate is kr 14.00, implying the stock looks roughly 47.8% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of kr 12.49 per share, and 7 of the 13 models we run sit above the kr 7.31 price.

Bear case: the Asset-Based group reads lowest at kr 1.54, and 6 of the 13 models stay below the price. Evidence for this calculation is high.

Scenario range: kr 7.78 (bear) to kr 19.27 (bull), the price of kr 7.31 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 57/100 (solid quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

ABG Sundal Collier Holding reported revenue of 2.2B NOK in FY2025 versus 2.9B NOK in FY2021, a compound −7.1%/yr. Reported net income was 363M NOK in FY2025, compounding −16.8%/yr from FY2021.

Key figures

Market cap 4.0B NOK (≈ $419M) · P/E ratio 0.1 · P/S ratio 0.01 · EPS (TTM) kr 1.17 · Dividend yield 7.5% · Net margin 16.7% · Return on equity 42.1% · Return on assets (EBIT) 11.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (medium confidence).

What moves the price

The share trades about 6% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 92%, 0IZM screens cheaper than that median.

Fair Value models

Bear kr 7.78 Fair Value kr 14.00 Bull kr 19.27
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 0.4681 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. Evidence ⓘEvidence = 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.
Highest evidence
Growth DCF kr 8.38 kr 11.16 kr 14.59 77
Owner Earnings kr 12.39 kr 17.20 kr 23.48 74
Residual Income kr 3.66 kr 4.61 kr 7.24 74
All 13 models by family
DCF Models
Owner Earnings kr 12.39 kr 17.20 kr 23.48 74
5Y P/E Exit kr 8.45 kr 12.49 kr 16.78 69
10Y P/E Exit kr 8.33 kr 11.52 kr 15.52 62
Earnings-Based
Graham-Dodd kr 5.43 kr 19.32 kr 26.02 64
Lynch FV kr 4.54 kr 6.49 kr 8.44 61
Dividend Discount
Gordon GGM kr 4.05 kr 6.79 kr 8.81 68
DDM Multi-Stage kr 4.05 kr 6.44 kr 7.30 67
Multiples
P/E Multiple kr 7.78 kr 10.38 kr 12.97 63
P/B Multiple kr 2.41 kr 3.21 kr 4.01 55
Asset-Based
NCAV (Graham) kr 1.15 kr 1.54 kr 2.29 51
Growth DCF
Growth DCF kr 8.38 kr 11.16 kr 14.59 77
Rev-Margin DCF kr 8.13 kr 11.89 kr 16.38 70
Economic Profit
Residual Income kr 3.66 kr 4.61 kr 7.24 74

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Quality Score breakdown

Overall quality 57/100

Of which business quality 52 · Market factors (momentum, volatility) 66

Profitability 54
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 44
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+23.7%
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.
+8.4%
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.
+2.4%
Start year 2020 (pandemic). Over 10 years: +4.9% a year
Revenue growth 23 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.
+6.9%
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. Basis: EBIT basis.
+2.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.5%
Dividend (yield on the price)7.5%
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.−3.0% vs 3.6%, 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.33% → 23%
Start year 2020 (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).
+8.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about +5.5% a year for the price.

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Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Guotai Haitong Securities Co 601211 ¥17.21 ¥19.35 +12%
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Cite: Fair Value Calculator (2026). "ABG Sundal Collier Holding Fair Value". https://www.fairvalue-calculator.com/stock/0IZM

Frequently asked questions

Is ABG Sundal Collier Holding (0IZM) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 14.00 versus a price of kr 7.31, about +92% upside (undervalued).
What is the fair value of 0IZM?
Our model-based fair value for ABG Sundal Collier Holding is kr 14.00 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 7.31.
What is the quality score of 0IZM?
ABG Sundal Collier Holding has a Quality Score of 57/100. 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 ABG Sundal Collier Holding (0IZM)?
Our model-based price target is the fair value of kr 14.00 (as of Sep 24, 2026) from 13 valuation models. Cautious scenario kr 7.78, optimistic scenario kr 19.27. It is a calculation from audited fundamentals, not an analyst target.
What is the ABG Sundal Collier Holding stock forecast for 2026?
Our models put fair value at kr 14.00, about +92% upside versus a price of kr 7.31 (undervalued). Cautious scenario kr 7.78, optimistic scenario kr 19.27. The calculation is refreshed regularly with new filings.
What is the revenue of ABG Sundal Collier Holding (0IZM)?
ABG Sundal Collier Holding reported trailing-twelve-month revenue of about 2.2B NOK (latest available figure, as of Sep 24, 2026).
Does ABG Sundal Collier Holding pay a dividend?
ABG Sundal Collier Holding currently shows a dividend yield of about 7.52% relative to its recent price (as of Sep 24, 2026).
What growth is priced into ABG Sundal Collier Holding (0IZM)?
For today's price to be fair in a discounted-cash-flow model, ABG Sundal Collier Holding would have to grow free cash flow by +8.0 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0IZM use?
Our models discount ABG Sundal Collier Holding at 11.9 %: a base by market capitalisation (micro), damped by beta 0.58, country premium for United Kingdom. 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 ABG Sundal Collier Holding that is +8.0 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has ABG Sundal Collier Holding (0IZM) delivered so far?
Over the past 5 years revenue at ABG Sundal Collier Holding grew +2.4 % a year. The price currently implies +8.0 % per year free-cash-flow growth a 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 ABG Sundal Collier Holding (0IZM) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into ABG Sundal Collier Holding (+8.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ABG Sundal Collier Holding (0IZM)?
The free-cash-flow yield on the price is 5.77 %: that much free cash flow ABG Sundal Collier Holding produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ABG Sundal Collier Holding (0IZM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ABG Sundal Collier Holding it is kr 14.00 per share (as of Sep 24, 2026), against a price of kr 7.31. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is ABG Sundal Collier Holding stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0IZM trades below its calculated fair value: price kr 7.31, fair value kr 14.00, a gap of about +92% (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 0IZM?
No. The price is what the market pays today (kr 7.31); the fair value is what the company's own numbers justify (kr 14.00). For ABG Sundal Collier Holding the two are kr 6.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is ABG Sundal Collier Holding worth?
The market values ABG Sundal Collier Holding at about 4.0B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 7.31; our models calculate a fair value of kr 14.00 per share.
What do the bullish and bearish scenarios say about 0IZM?
Our models span a range for ABG Sundal Collier Holding: cautious scenario kr 7.78, base kr 14.00, optimistic kr 19.27 per share (as of Sep 24, 2026, price kr 7.31). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0IZM from its 52-week high?
ABG Sundal Collier Holding trades at kr 7.31, about 6% below its 52-week high of kr 7.75 and 14% above the low of kr 6.42 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of kr 14.00 is for.
Which stocks are comparable to ABG Sundal Collier Holding?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 ABG Sundal Collier Holding stock attractive at the current price?
The data as of Sep 24, 2026: price kr 7.31, calculated fair value kr 14.00 (+92%), Quality Score 57/100, from 13 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 0IZM calculated?
We run ABG Sundal Collier Holding through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 14.00, 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 14.5 % above its aggregate fair value. ABG Sundal Collier Holding currently trades 48 % 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 ABG Sundal Collier Holding (0IZM)?
The closing price on Oct 1, 2026 was kr 7.31. Our model-based fair value is kr 14.00, about +92% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ABG Sundal Collier Holding right now?
The price is below even our cautious bear case (kr 7.78). The market is more pessimistic than our downside scenario. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (kr 7.78 to kr 19.27) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of ABG Sundal Collier Holding (0IZM) come from?
Earnings per share at ABG Sundal Collier Holding grew +1.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.5 %, EBIT margin +3.8 %, tax rate +2.1 %, residual (interest, one-offs) −7.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of ABG Sundal Collier Holding

How large is the market capitalisation of ABG Sundal Collier Holding (0IZM)?
The market capitalisation of ABG Sundal Collier Holding is 4.0B NOK (≈ $419M). 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/E ratio of ABG Sundal Collier Holding (0IZM)?
The price-to-earnings ratio of ABG Sundal Collier Holding is 0.1 (as of Jul 24, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of ABG Sundal Collier Holding (0IZM)?
The price-to-sales ratio of ABG Sundal Collier Holding is 0.01 (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 ABG Sundal Collier Holding (0IZM)?
Earnings per share at ABG Sundal Collier Holding are kr 1.17 (price ÷ EPS = P/E 0.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ABG Sundal Collier Holding (0IZM)?
The dividend yield of ABG Sundal Collier Holding is 7.5% (payout 47.0%). 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 ABG Sundal Collier Holding (0IZM)?
The net margin of ABG Sundal Collier Holding is 16.7% (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 ABG Sundal Collier Holding (0IZM)?
The return on equity (ROE) of ABG Sundal Collier Holding is 42.1% (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 ABG Sundal Collier Holding (0IZM)?
On an EBIT basis the return on assets of ABG Sundal Collier Holding is 11.9% (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 ABG Sundal Collier Holding (0IZM)?
The operating margin of ABG Sundal Collier Holding is 24.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ABG Sundal Collier Holding (0IZM)?
Revenue at ABG Sundal Collier Holding is growing +27.4% versus a year earlier (3y avg +8.4%). 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 ABG Sundal Collier Holding (0IZM)?
Earnings per share at ABG Sundal Collier Holding are growing +33.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does ABG Sundal Collier Holding (0IZM) hold?
ABG Sundal Collier Holding holds more cash than debt, 190M NOK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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