Scandinavian Tobacco Group (0RES) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Scandinavian Tobacco Group DKK 73.68, price DKK 73.85, upside -0.2%, quality 69 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Scandinavian Tobacco Group A/S manufactures and sells tobacco products in North America, Europe, and internationally. It offers pipe and fine-cut tobacco, and machine-rolled and handmade cigars, as well as nicotine pouches.
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Scandinavian Tobacco Group A/S manufactures and sells tobacco products in North America, Europe, and internationally. It offers pipe and fine-cut tobacco, and machine-rolled and handmade cigars, as well as nicotine pouches. The company markets its products under the Macanudo, CAO, Alec Bradley, Silencio, Cohiba, Punch, Partagas, La Gloria Cubana, Signature, La Paz, Mehari's, Panter, Captain Black, Erinmore, Mac Baren, BREAK, Bali Shag, Tiedemanns, XQS, Ambasciator Italico, Balmoral, Borkum Riff, Bugler, Café Crème, Clan, Colts, Crossroad, Cubero, Escort, Hajenius, Henri Wintermans, Kite, M by Colts, ACE, GRITT, Mercator, Petit, SLS SALSA, Stanwell, Talon, W.Ø. Larsen, and Winchester brand names. In addition, it offers contract manufacturing for third parties; and sells accessories. The company sells its products through wholesale, online, catalogue, and retail channels, as well as business to business. Scandinavian Tobacco Group A/S was founded in 1750 and is based in Gentofte, Denmark.
Stock analysis
Scandinavian Tobacco Group (0RES) currently trades at kr 73.85, while our model-based Fair Value estimate is kr 73.68, so the stock looks roughly fairly valued today (gap 0.2%).
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 81.98 per share, and 11 of the 25 models we run sit above the kr 73.85 price.
Bear case: the Economic Profit group reads lowest at kr 19.59, and 14 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 51.68 (bear) to kr 93.46 (bull), the price of kr 73.85 sits inside 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 69/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Scandinavian Tobacco Group reported revenue of 8.0B DKK in FY2020 versus 6.7B DKK in FY2016, a compound +4.4%/yr. Reported net income was 678M DKK in FY2020, compounding −0.1%/yr from FY2016.
Key figures
Market cap 13.7B DKK (≈ $2.1B) · P/S ratio 1.54 · Dividend yield 6.1% · Net margin 8.5% · Return on equity 7.4% · Return on assets (EBIT) 6.7% · Operating margin 8.7% · Revenue (TTM) 8.9B DKK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 25% fair-value upside, at 0%, 0RES screens richer than that median.
Fair Value models
Bear kr 51.68Fair Value kr 73.68Bull kr 93.46
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.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.
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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+19.2%
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.
+7.4%
’16
’17
’18
’19
’20
Profit margin (trend) ⓘ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.
14.2% (2016) → 12.3% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
Compare Scandinavian Tobacco Group with another stock
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.Tobacco · 37 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−4.8% · Below median
Profitability
Return on equity (TTM)7.4% · Below median
Return on assets4.7% · Below median
Net margin (TTM)7.4% · Below median
Operating margin (TTM)8.7% · Below median
Growth and dividend
Revenue growth−5.8% · Below median
Dividend yield (TTM)6.1% · Above median
Balance sheet
Debt / equity0.34× · Above median
Valuation Multiplesvs Tobacco median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Scandinavian Tobacco Group Fair Value". https://www.fairvalue-calculator.com/stock/0RES
Frequently asked questions
Is Scandinavian Tobacco Group (0RES) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 73.68 versus a price of kr 73.85, about −0% upside (fairly valued).
What is the fair value of 0RES?
Our model-based fair value for Scandinavian Tobacco Group is kr 73.68 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 73.85.
What is the quality score of 0RES?
Scandinavian Tobacco Group has a Quality Score of 69/100. 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 Scandinavian Tobacco Group (0RES)?
Our model-based price target is the fair value of kr 73.68 (as of Sep 24, 2026) from 25 valuation models. Cautious scenario kr 51.68, optimistic scenario kr 93.46. It is a calculation from audited fundamentals, not an analyst target.
What is the Scandinavian Tobacco Group stock forecast for 2026?
Our models put fair value at kr 73.68, about −0% upside versus a price of kr 73.85 (fairly valued). Cautious scenario kr 51.68, optimistic scenario kr 93.46. The calculation is refreshed regularly with new filings.
What is the revenue of Scandinavian Tobacco Group (0RES)?
Scandinavian Tobacco Group reported trailing-twelve-month revenue of about 8.9B DKK (latest available figure, as of Sep 24, 2026).
Does Scandinavian Tobacco Group pay a dividend?
Scandinavian Tobacco Group currently shows a dividend yield of about 6.09% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Scandinavian Tobacco Group (0RES)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Scandinavian Tobacco Group it is kr 73.68 per share (as of Sep 24, 2026), against a price of kr 73.85. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Scandinavian Tobacco Group stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0RES trades above its calculated fair value: price kr 73.85, fair value kr 73.68, a gap of about −0% (fairly valued). 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 0RES?
No. The price is what the market pays today (kr 73.85); the fair value is what the company's own numbers justify (kr 73.68). For Scandinavian Tobacco Group the two are kr 0.1700 per share apart. That gap is exactly why we show both numbers side by side.
How much is Scandinavian Tobacco Group worth?
The market values Scandinavian Tobacco Group at about 13.7B DKK (market capitalisation, as of Sep 24, 2026). Per share that is kr 73.85; our models calculate a fair value of kr 73.68 per share.
What do the bullish and bearish scenarios say about 0RES?
Our models span a range for Scandinavian Tobacco Group: cautious scenario kr 51.68, base kr 73.68, optimistic kr 93.46 per share (as of Sep 24, 2026, price kr 73.85). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Scandinavian Tobacco Group (0RES)?
Balance-sheet figures for Scandinavian Tobacco Group (as of Sep 24, 2026): return on equity 7.4%, debt of 0.34 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is 0RES from its 52-week high?
Scandinavian Tobacco Group trades at kr 73.85, about 23% below its 52-week high of kr 96.04 and 20% above the low of kr 61.36 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 73.68 is for.
Which stocks are comparable to Scandinavian Tobacco Group?
From the same area (Consumer Defensive) we also value Philip Morris International Inc, British American Tobacco p.l.c., Altria Group, ITC Limited, 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 Scandinavian Tobacco Group stock attractive at the current price?
The data as of Sep 24, 2026: price kr 73.85, calculated fair value kr 73.68 (−0%), Quality Score 69/100, 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 0RES calculated?
We run Scandinavian Tobacco Group through 25 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 73.68, 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. Scandinavian Tobacco Group 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 Scandinavian Tobacco Group (0RES)?
The closing price on Oct 2, 2026 was kr 73.85. Our model-based fair value is kr 73.68, about −0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Scandinavian Tobacco Group right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (kr 51.68 to kr 93.46) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Scandinavian Tobacco Group
How large is the market capitalisation of Scandinavian Tobacco Group (0RES)?
The market capitalisation of Scandinavian Tobacco Group is 13.7B DKK (≈ $2.1B). 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 Scandinavian Tobacco Group (0RES)?
The price-to-sales ratio of Scandinavian Tobacco Group is 1.54 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Scandinavian Tobacco Group (0RES)?
The dividend yield of Scandinavian Tobacco Group is 6.1%. 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 Scandinavian Tobacco Group (0RES)?
The net margin of Scandinavian Tobacco Group is 8.5% (fiscal year 2020). 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 Scandinavian Tobacco Group (0RES)?
The return on equity (ROE) of Scandinavian Tobacco Group is 7.4% (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 Scandinavian Tobacco Group (0RES)?
On an EBIT basis the return on assets of Scandinavian Tobacco Group 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 Scandinavian Tobacco Group (0RES)?
The operating margin of Scandinavian Tobacco Group is 8.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Scandinavian Tobacco Group (0RES)?
Revenue at Scandinavian Tobacco Group is growing −5.8% versus a year earlier (3y avg +7.4%). 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 Scandinavian Tobacco Group (0RES)?
Earnings per share at Scandinavian Tobacco Group are growing −28.6% versus a year earlier. How much earnings per share grew versus a year earlier.
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