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Absolent Air Care Group (ABSO) Fair Value & Analysis

Industrials · SE · Market cap 2.4B SEK

AA Absolent Air Care Group ABSO · ST
Pricekr 201.00
Fair Valuekr 130.15
Upside-35.3%
Quality59/100
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Mixed Growth
Thin margins · 6.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/14)
Moderate moat 45/100
Evidence: High Range kr 97.62 – kr 162.69 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Share price −1.5% over the past month.

A solid business, but screening 35% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 162.69). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

kr 475.80 kr 171.23 Fair Value kr 130.15 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range kr 171.23 – kr 475.80 · fair‑value band kr 97.62 – kr 162.69 · the kr 201.00 price screens above the kr 130.15 fair value. Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Absolent Air Care Group (ABSO) currently trades at kr 201.00, while our model-based Fair Value estimate is kr 130.15, implying the stock looks roughly 35.3% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Absolent Air Care Group generated revenue of 1.3B SEK at a net margin of 6.3%. Revenue declined 0.3% year over year. It earns a return on equity of 8.6%. Net debt stands at 253M SEK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 97.62 (bear case) to kr 162.69 (bull case); at kr 201.00, the current price sits above 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 30% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -35%, ABSO 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 DCF kr 99.78 kr 167.48 kr 272.97 80
Residual Income kr 66.54 kr 70.29 kr 76.05 76
Rev-Margin DCF kr 104.58 kr 183.03 kr 280.80 74
All 24 models by family
DCF Models
FCF DCF kr 100.01 kr 172.61 kr 289.06 38
Owner Earnings kr 99.61 kr 171.93 kr 287.94 31
5Y Revenue Exit kr 104.58 kr 184.66 kr 291.52 39
5Y EBITDA Exit kr 135.14 kr 245.72 kr 381.90 41
5Y P/E Exit kr 88.69 kr 152.90 kr 223.91 38
10Y Revenue Exit kr 98.20 kr 171.78 kr 280.36 36
10Y EBITDA Exit kr 121.41 kr 214.76 kr 352.14 37
10Y P/E Exit kr 91.68 kr 149.43 kr 226.67 35
Earnings-Based
Graham-Dodd kr 42.14 kr 174.77 kr 238.22 54
Lynch FV kr 44.12 kr 63.03 kr 81.94 50
PEG = 1.0 kr 44.12 kr 63.03 kr 81.94 46
EPV kr 85.37 kr 99.79 kr 112.23 59
Multiples
P/E Multiple kr 97.62 kr 130.15 kr 162.69 63
P/S Multiple kr 79.02 kr 105.36 kr 131.70 58
P/B Multiple kr 79.02 kr 105.36 kr 131.70 55
EV/EBIT kr 156.47 kr 210.60 kr 264.74 53
EV/EBITDA kr 169.37 kr 227.81 kr 286.26 54
EV/Revenue kr 109.97 kr 159.65 kr 209.33 43
Asset-Based
NCAV (Graham) kr 41.08 kr 55.04 kr 82.15 50
Growth DCF
Growth DCF kr 99.78 kr 167.48 kr 272.97 80
Rev-Margin DCF kr 104.58 kr 183.03 kr 280.80 74
Economic Profit
Residual Income kr 66.54 kr 70.29 kr 76.05 76
ROIC Compounder kr 86.75 kr 114.73 kr 153.69 72
Growth Earnings
Growth-Adj P/E kr 75.62 kr 108.03 kr 140.44 68

Widest divergence: DCF Models (kr 171.93) versus Asset-Based (kr 55.04). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.3B SEK
Revenue growth (YoY) -0.3%
Net margin 6.3%
Return on equity 8.6%
Free cash flow 102M SEK FY2025
P/E ratio 29.8
More key figures
Operating margin 11.4%
EPS (TTM) kr 7.11
EPS growth (YoY) +79.6%
Net debt 253M SEK FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 40

Profitability 45
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 82
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

Absolent Air Care Group AB (publ) designs, develops, sells, installs, and maintains air filtration units. Its air cleaning solutions are used to separate air pollutants across a range of industries, including aerospace, automotive, chemical, defense, electronics, pharmaceuticals, woodworking, and food, as well as in power generation, contract manufacturing, …

Full company description

Absolent Air Care Group AB (publ) designs, develops, sells, installs, and maintains air filtration units. Its air cleaning solutions are used to separate air pollutants across a range of industries, including aerospace, automotive, chemical, defense, electronics, pharmaceuticals, woodworking, and food, as well as in power generation, contract manufacturing, dental laboratories, hotels, and restaurants. The company's commercial kitchen systems handle harmful airborne particles and gases generated from cooking activities, and its product portfolio comprises hoods, filtration technologies, and fire suppression systems. Absolent Air Care Group AB (publ) operates in Sweden, the United Kingdom, Canada, China, the United States, Germany, the Netherlands, Finland, France, India, Switzerland, Japan, Hong Kong, and Italy. The company was formerly known as Absolent Group AB (publ) and changed its name to Absolent Air Care Group AB (publ) in May 2021. Founded in 1993, it is headquartered in Gothenburg, Sweden. Absolent Air Care Group AB (publ) operates as a subsidiary of Mexab Industri AB.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Absolent Air Care Group reported revenue of kr 1.3B in FY2025 versus kr 1.0B in FY2021, a compound +5.6%/yr. Reported net income was kr 70.2M in FY2025, compounding −8.1%/yr from FY2021.

Growth Quality 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.3B SEK
Latest YoY
−8.7%
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.
−1.5%
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.
+7.4%
Avg. growth/yr (14Y) 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.
+14.7%
Revenue +5.6%/yr
FY21 kr 1.0B
FY22 kr 1.3B
FY23 kr 1.4B
FY24 kr 1.4B
FY25 kr 1.3B
Net income −8.1%/yr
FY21 kr 98.2M
FY22 kr 152M
FY23 kr 140M
FY24 kr 144M
FY25 kr 70.2M
Character of growth · EPS growth decomposed (2014-2025) +10.5 % p.a.
Revenue per share +15.7 pp

of which total revenue +15.9 pp · buybacks/dilution −0.2 pp

EBIT margin −2.6 pp
Tax rate +0.0 pp
Residual (interest, one-offs) −2.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

ABSO screens 35% overvalued. Compare with Veralto Corporation →

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Cite: Fair Value Calculator (2026). "Absolent Air Care Group Fair Value". https://www.fairvalue-calculator.com/stock/ABSO

Peer Group

Pollution & Treatment Controls · 91 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 59 · Above median
Fair Value upside −35% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth -0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.33× · Higher than 75% of peers

Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper

P/E (TTM) 29.8× · Pricier than median
P/B 2.58× · Pricier than 75% of peers
P/S (TTM) 1.88× · Pricier than median
P/FCF 2.5× · Cheaper than median
EV/EBITDA 16.5× · Pricier 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 0 · sector 0
FUTURE 0 · sector 14
PAST 34 · sector 10
HEALTH 84 · sector 95
DIVIDEND 0 · sector 37

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Veralto Corporation VLTO $94.21 $69.11 -27%
Zurn Elkay Water Solutions Corporation ZWS $47.63 $24.92 -48%
Canmax Technologies Co 300390 ¥57.02 ¥10.41 -82%
CECO Environmental Corp CECO $83.63 $15.19 -82%
Fujian Longking Co 600388 ¥17.58 ¥15.59 -11%
Munters Group MTRS kr 166.60 kr 16.90 -90%
China Conch Venture Holdings 0586 HK$8.83 HK$14.14 +60%
Mega Union Technology Inc 6944 1,005 TWD 539.58 TWD -46%
MayAir Technology (China) Co 688376 ¥96.57 ¥18.80 -81%
Shanghai Emperor of Cleaning Hi-Tech Co 603200 ¥38.97 ¥5.73 -85%

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Frequently asked questions

Is Absolent Air Care Group (ABSO) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 130.15 versus a price of kr 201.00, about −35% (overvalued).
What is the fair value of ABSO?
Our model-based fair value for Absolent Air Care Group is kr 130.15 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 201.00.
What is the quality score of ABSO?
Absolent Air Care Group has a Quality Score of 59/100. 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 Absolent Air Care Group (ABSO)?
Absolent Air Care Group reported trailing-twelve-month revenue of about 1.3B SEK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of ABSO?
The net profit margin of Absolent Air Care Group is about 6.3%, meaning it keeps roughly 6.3% of revenue as net income. Based on the latest reported figures.
Does Absolent Air Care Group pay a dividend?
Absolent Air Care Group currently shows a dividend yield of about 1.63% relative to its recent price (as of Jul 18, 2026).

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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