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Fiskars Oyj (0L9Q) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Fiskars Oyj €4.99, price €12.68, upside -60.7%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Thin data
Sep 24, 2026
Fiskars Oyj
0L9Q · LSEStretched ValuationStrong overvaluation with only moderate quality.
!Fair value €4.99 · Strongly overvalued (−60.7%)
!Quality 55/100
!Weak Growth (revenue 5y +0.4 %/yr)
!Thin margins · 2.2% net margin (TTM)
✓Low debt · generates free cash flow
!6.6% dividend yield · Watch coverage
!Narrow moat 23/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
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 €11.75 – €19.04 · the €12.68 price screens above the €4.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Fiskars Oyj Abp designs, manufactures, and sells consumer products for indoor and outdoor living in Europe, the Americas, and the Asia Pacific. It operates through Vita, Fiskars, and Other segments.
Show more
Fiskars Oyj Abp designs, manufactures, and sells consumer products for indoor and outdoor living in Europe, the Americas, and the Asia Pacific. It operates through Vita, Fiskars, and Other segments. The company offers products, including tableware, drinkware, jewelry, and interior products; and gardening, watering, outdoor, scissors and creating, and cooking products. It is also involved in real estate leasing, circular service, cultural, and forest management activities. The company offers its products under the Fiskars, Georg Jensen, Gerber, Iittala, Moomin Arabia, Royal Copenhagen, Waterford, Wedgwood, Arabia, Hackman, Roga"ka, Royal Albert, Royal Doulton, and Rörstrand brand name. Fiskars Oyj Abp was founded in 1649 and is headquartered in Espoo, Finland.
Stock analysis
Fiskars Oyj (0L9Q) currently trades at €12.68, while our model-based Fair Value estimate is €4.99, 60.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €9.99 per share, and 0 of the 22 models we run sit above the €12.68 price.
Bear case: the Growth Earnings group reads lowest at €1.24, and 22 of the 22 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Energy sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Fiskars Oyj reported revenue of €1.1B in FY2025 versus €1.3B in FY2021, a compound −2.4%/yr. Reported net income was €9.4M in FY2025, compounding −42.6%/yr from FY2021.
Key figures
Market cap €1.0B · P/E ratio 0.1 · EPS (TTM) €1.34 · Dividend yield 6.6% · Net margin 0.8% · Return on equity 3.8% · Return on assets (EBIT) 6.7% · Operating margin 0.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −21% fair-value upside, at −61%, 0L9Q screens richer than that median.
Fair Value models
Bear €4.99
Fair Value €4.99
Bull €4.99
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 (€0.3743 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
FCF DCF
€9.18
€11.67
€15.63
82
Growth DCF
€9.40
€11.75
€15.24
80
Owner Earnings
€8.39
€10.66
€14.26
78
All 22 models by family
DCF Models
FCF DCF
€9.18
€11.67
€15.63
82
Owner Earnings
€8.39
€10.66
€14.26
78
5Y Revenue Exit
€7.21
€9.63
€12.99
73
5Y EBITDA Exit
€7.85
€10.74
€14.37
76
5Y P/E Exit
€4.74
€5.40
€6.17
72
10Y Revenue Exit
€7.86
€9.99
€12.37
68
10Y EBITDA Exit
€8.36
€10.66
€13.22
70
10Y P/E Exit
€6.60
€7.43
€8.19
65
Earnings-Based
Graham-Dodd
€0.7800
€1.41
€1.75
66
EPV
€4.96
€5.59
€6.11
74
Multiples
P/E Multiple
€1.21
€1.61
€2.02
63
P/S Multiple
€1.47
€1.96
€2.45
58
P/B Multiple
€1.47
€1.96
€2.45
55
EV/EBIT
€5.15
€6.74
€8.33
66
EV/EBITDA
€7.88
€10.38
€12.88
67
EV/Revenue
€6.17
€8.65
€11.13
54
Asset-Based
NCAV (Graham)
€4.35
€5.83
€8.70
54
Growth DCF
Growth DCF
€9.40
€11.75
€15.24
80
Rev-Margin DCF
€7.21
€9.82
€13.01
73
Economic Profit
Residual Income
€5.68
€5.24
€4.95
76
ROIC Compounder
€4.96
€5.59
€6.11
72
Growth Earnings
Growth-Adj P/E
€0.8700
€1.24
€1.62
67
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Set up alert →Quality Score breakdown
Overall quality
55/100
Of which business quality 54 · Market factors (momentum, volatility) 53
Profitability
33
Margins and returns on capital today
Quality Growth
37
Are margins and returns improving?
Cashflow
52
Earnings quality: real cash, not paper profit
Fin. Strength
48
Balance sheet, leverage, solvency risk
Investment
95
Disciplined investing over empire-building
Low Volatility
75
Calm price path (market factor)
Momentum
47
Price trend over the last 3–12 months (market factor)
52W Momentum
38
Distance to the 52-week high (market factor)
Net Issuance
82
Share count: buybacks or dilution?
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.
40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−1.5%
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.
−3.0%
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.
+0.4%
Start year 2020 (pandemic). Over 10 years: +0.3% a year
Revenue growth 28 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.
+3.2%
’14
’15
’16
’17
’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.
−25.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.5%
Dividend (yield on the price)6.6%
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.−32.5% vs −19.7%, 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.10% → 5%
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 and more than analysts expect.
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).
+11.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +9.0% a year for the price and +0.9% for the forecasts.
Forecast 2026 (sales)+1.2%
Forecast 2027 (sales)+3.9%
Projected 2028 (sales)+3.7%
Projected 2029 (sales)+3.4%
Projected 2030 (sales)+3.2%
0L9Q screens overvalued: fair value 61% below the price. Compare with Enbridge Inc →
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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.Oil & Gas Midstream · 84 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Energy
- Undervalued stocks: UK Stocks
- Valuation of the UK market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Oil & gas
Similar stocks
10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate.
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|---|---|---|---|
| Enbridge Inc ENB | $46.97 | $36.91 | −21% |
| The Williams Companies, Inc WMB | $68.98 | $11.72 | −83% |
| Enterprise Products Partners L.P. EPD | $36.65 | $24.66 | −33% |
| Energy Transfer LP, ET | $20.10 | $15.29 | −24% |
| Kinder Morgan, Inc KMI | $30.63 | $28.16 | −8% |
| TC Energy Corporation TRP | $58.78 | $24.51 | −58% |
| Targa Resources Corp TRGP | $277.84 | $65.24 | −77% |
| MPLX LP owns and MPLX | $57.66 | $70.77 | +23% |
| ONEOK, Inc OKE | $88.62 | $80.15 | −10% |
| Cheniere Energy, Inc LNG | $267.29 | $294.02 | +10% |
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Frequently asked questions
Is Fiskars Oyj (0L9Q) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €4.99 versus a price of €12.68, about −61% upside (overvalued).
What is the fair value of 0L9Q?
Our model-based fair value for Fiskars Oyj is €4.99 (as of Sep 24, 2026), built from audited fundamentals. The current price: €12.68.
What is the quality score of 0L9Q?
Fiskars Oyj 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 Fiskars Oyj (0L9Q)?
Our model-based price target is the fair value of €4.99 (as of Sep 24, 2026) from 22 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Fiskars Oyj stock forecast for 2026?
Our models put fair value at €4.99, about −61% upside versus a price of €12.68 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Fiskars Oyj (0L9Q)?
Fiskars Oyj reported trailing-twelve-month revenue of about €1.1B (latest available figure, as of Sep 24, 2026).
Does Fiskars Oyj pay a dividend?
Fiskars Oyj currently shows a dividend yield of about 6.62% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Fiskars Oyj (0L9Q)?
For today's price to be fair in a discounted-cash-flow model, Fiskars Oyj would have to grow free cash flow by +11.4 % 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 +0.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0L9Q use?
Our models discount Fiskars Oyj at 11.7 %: a base by market capitalisation (small), damped by beta 0.96, 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 Fiskars Oyj that is +11.4 % per year a year over ten years, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has Fiskars Oyj (0L9Q) delivered so far?
Over the past 5 years revenue at Fiskars Oyj grew +0.4 % a year. The price currently implies +11.4 % 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 Fiskars Oyj (0L9Q) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Fiskars Oyj (+11.4 % 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 Fiskars Oyj (0L9Q)?
The free-cash-flow yield on the price is 5.62 %: that much free cash flow Fiskars Oyj 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 Fiskars Oyj (0L9Q)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fiskars Oyj it is €4.99 per share (as of Sep 24, 2026), against a price of €12.68. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Fiskars Oyj stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0L9Q trades above its calculated fair value: price €12.68, fair value €4.99, a gap of about −61% (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 0L9Q?
No. The price is what the market pays today (€12.68); the fair value is what the company's own numbers justify (€4.99). For Fiskars Oyj the two are €7.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fiskars Oyj worth?
The market values Fiskars Oyj at about €1.0B (market capitalisation, as of Sep 24, 2026). Per share that is €12.68; our models calculate a fair value of €4.99 per share.
What is the P/E ratio of 0L9Q?
Fiskars Oyj trades at a price-to-earnings ratio of 0.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €4.99 is built from several models across several years.
How solid is the balance sheet of Fiskars Oyj (0L9Q)?
Balance-sheet figures for Fiskars Oyj (as of Sep 24, 2026): return on equity 3.8%, debt of 0.07 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 0L9Q from its 52-week high?
Fiskars Oyj trades at €12.68, about 11% below its 52-week high of €14.32 and 8% above the low of €11.75 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €4.99 is for.
Which stocks are comparable to Fiskars Oyj?
From the same area (Energy) we also value Enbridge Inc, The Williams Companies, Inc, Enterprise Products Partners L.P., Energy Transfer LP,, 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 Fiskars Oyj stock attractive at the current price?
The data as of Sep 24, 2026: price €12.68, calculated fair value €4.99 (−61%), Quality Score 55/100, from 22 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 0L9Q calculated?
We run Fiskars Oyj through 22 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 €4.99, 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. Fiskars Oyj 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 Fiskars Oyj (0L9Q)?
The closing price on Oct 2, 2026 was €12.68. Our model-based fair value is €4.99, about −61% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fiskars Oyj right now?
The price sits above even our optimistic bull case (€4.99). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Fiskars Oyj (0L9Q) come from?
Earnings per share at Fiskars Oyj grew −21.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.4 %, EBIT margin +1.0 %, tax rate +0.5 %, residual (interest, one-offs) −23.5 %. 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 Fiskars Oyj
How large is the market capitalisation of Fiskars Oyj (0L9Q)?
The market capitalisation of Fiskars Oyj is €1.0B. 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 are the earnings per share of Fiskars Oyj (0L9Q)?
Earnings per share at Fiskars Oyj are €1.34 (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 Fiskars Oyj (0L9Q)?
The dividend yield of Fiskars Oyj is 6.6% (payout 62.9%). 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 Fiskars Oyj (0L9Q)?
The net margin of Fiskars Oyj is 0.8% (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 Fiskars Oyj (0L9Q)?
The return on equity (ROE) of Fiskars Oyj is 3.8% (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 Fiskars Oyj (0L9Q)?
On an EBIT basis the return on assets of Fiskars Oyj is 6.7% (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 Fiskars Oyj (0L9Q)?
The operating margin of Fiskars Oyj is 0.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fiskars Oyj (0L9Q)?
Revenue at Fiskars Oyj is growing +1.0% versus a year earlier (3y avg −3.0%). 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 Fiskars Oyj (0L9Q)?
Earnings per share at Fiskars Oyj are growing −46.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Fiskars Oyj (0L9Q) carry?
The net debt of Fiskars Oyj is €602M (fiscal year 2025, ≈ 10.4 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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