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Aalborg Boldspilklub A/S (AAB) Fair Value & Analysis

Consumer Cyclical · DK · Market cap 70.6M DKK

AB Aalborg Boldspilklub A/S AAB · CO
Pricekr 27.00
Fair Valuekr 32.32
Upside+19.7%
Quality36/100
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Expensive Growth
Thin margins · 8.2% net margin
Low debt · negative free cash flow
Ranks above peers (7/10)
Narrow moat 38/100
Evidence: Medium Range kr 24.23 – kr 40.39 Share as image

Fair value as of: Jul 15, 2026

From 10 valuation models · updated 25 days ago

Share price −1.5% over the past month.

Below-average quality, screening 20% undervalued on our models.

What matters now

  • Our model range runs from kr 24.23 (bear) to kr 40.39 (bull), base kr 32.32. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 36/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

kr 65.50 kr 24.20 Fair Value kr 32.32 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range kr 24.20 – kr 65.50 · fair‑value band kr 24.23 – kr 40.39 · the kr 27.00 price screens below the kr 32.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Aalborg Boldspilklub A/S (AAB) currently trades at kr 27.00, while our model-based Fair Value estimate is kr 32.32, implying the stock looks roughly 19.7% undervalued today. The Quality Score stands at 36/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Aalborg Boldspilklub A/S generated revenue of 73.8M DKK at a net margin of 8.2%. Revenue declined 45.1% year over year. It earns a return on equity of 10.1%. The balance sheet holds a net cash position of 17.3M DKK. Fundamentals as of Jul 15, 2026

Our scenario range runs from kr 24.23 (bear case) to kr 40.39 (bull case); at kr 27.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at 20%, AAB screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Growth-Adj P/E kr 72.73 kr 103.90 kr 135.06 68
P/E Multiple kr 36.90 kr 49.20 kr 61.50 63
Residual Income kr 18.19 kr 19.26 kr 20.78 61
All 10 models by family
DCF Models
Owner Earnings kr 92.32 kr 169.40 kr 303.93 31
Earnings-Based
Graham-Dodd kr 15.21 kr 106.05 kr 148.82 54
Lynch FV kr 54.79 kr 78.27 kr 101.75 50
PEG = 1.0 kr 54.79 kr 78.27 kr 101.75 46
Multiples
P/E Multiple kr 36.90 kr 49.20 kr 61.50 63
P/S Multiple kr 24.66 kr 32.87 kr 41.09 58
P/B Multiple kr 28.51 kr 38.02 kr 47.52 55
Asset-Based
NCAV (Graham) kr 11.65 kr 15.61 kr 23.30 50
Economic Profit
Residual Income kr 18.19 kr 19.26 kr 20.78 61
Growth Earnings
Growth-Adj P/E kr 72.73 kr 103.90 kr 135.06 68

Widest divergence: DCF Models (kr 169.40) versus Asset-Based (kr 15.61). Highest evidence: Growth-Adj P/E (68).

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Key figures & financial health

Revenue (TTM) 73.8M DKK
Revenue growth (YoY) -45.1%
Net margin 8.2%
Return on equity 10.1%
Free cash flow −43.3M DKK FY2025
P/E ratio 13.1
More key figures
Operating margin -348%
EPS (TTM) kr 2.00
Net cash 17.3M DKK FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 35 · Market factors (momentum, volatility) 33

Profitability 33
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Aalborg Boldspilklub A/S engages in football sport business in Denmark. It operates a football club, as well as sells tickets and merchandise for football games. The company was founded in 1885 and is based in Aalborg, Denmark.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aalborg Boldspilklub A/S reported revenue of kr 73.8M in FY2025 versus kr 64.3M in FY2021, a compound +3.5%/yr. Reported net income was kr 6.0M in FY2025.

Growth Quality 45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
73.8M DKK
Latest YoY
−1.9%
Avg. growth/yr (3Y) 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.
−4.7%
Avg. growth/yr (5Y) 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.
+11.1%
Avg. growth/yr (25Y) 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.
+1.3%
Revenue +3.5%/yr
FY21 kr 64.3M
FY22 kr 85.2M
FY23 kr 81.8M
FY24 kr 75.2M
FY25 kr 73.8M
Net income
FY21 −kr 15.3M
FY22 −kr 15.8M
FY23 −kr 34.4M
FY24 −kr 44.2M
FY25 kr 6.0M

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Cite: Fair Value Calculator (2026). "Aalborg Boldspilklub A/S Fair Value". https://www.fairvalue-calculator.com/stock/AAB

Peer Group

Leisure · 190 stocks

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.

Quality Score 36 · Bottom 25%
Fair Value upside +20% · Above median
Return on equity (TTM) 10% · Above median
Return on assets -33% · Bottom 25%
Net margin (TTM) 8% · Above median
Revenue growth -45% · Bottom 25%
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 13.1× · Cheaper than median
P/B 1.12× · Cheaper than median
P/S (TTM) 0.96× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 60 · sector 14
FUTURE 0 · sector 18
PAST 40 · sector 19
HEALTH 94 · sector 94
DIVIDEND 0 · sector 51

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$74.15 HK$119.29 +61%
Pop Mart International Group 9992 HK$160.20 HK$227.30 +42%
Amer Sports, Inc AS $36.44 $16.16 -56%
Hasbro, Inc HAS $81.55 $83.38 +2%
Life Time Group LTH $42.15 $16.15 -62%
Acushnet Holdings GOLF $114.78 $37.79 -67%
Li Ning Company 2331 HK$14.80 HK$29.26 +98%
Benefit Systems S.A BFT 5,255 PLN 3,714 PLN -29%
Ninebot Limited 689009 ¥37.82 ¥39.17 +4%
Asmodee Group ASMDEEB kr 145.70 kr 41.90 -71%

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Frequently asked questions

Is Aalborg Boldspilklub A/S (AAB) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of kr 32.32 versus a price of kr 27.00, about +20% (undervalued).
What is the fair value of AAB?
Our model-based fair value for Aalborg Boldspilklub A/S is kr 32.32 (as of Jul 15, 2026), built from audited fundamentals. The current price is kr 27.00.
What is the quality score of AAB?
Aalborg Boldspilklub A/S has a Quality Score of 36/100. 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 revenue of Aalborg Boldspilklub A/S (AAB)?
Aalborg Boldspilklub A/S reported trailing-twelve-month revenue of about 73.8M DKK (latest available figure, as of Jul 15, 2026).
What is the net profit margin of AAB?
The net profit margin of Aalborg Boldspilklub A/S is about 8.2%, meaning it keeps roughly 8.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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