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Afarak Group (AFAGR) Fair Value & Analysis

Basic Materials · FI · Market cap €64.6M

AG Afarak Group AFAGR · HE
Price€0.2590
Fair Value€0.3000
Upside+15.8%
Quality41/100
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Mixed Growth
Loss-making · -6.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Narrow moat 13/100
Evidence: Medium Range €0.2200 – €0.3800 Share as image

Fair value as of: Jul 15, 2026

From 9 valuation models · updated 26 days ago

Share price +3.6% over the past month.

Below-average quality, screening 16% undervalued on our models.

What matters now

  • Our model range runs from €0.2200 (bear) to €0.3800 (bull), base €0.3000. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 41/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

€0.8041 €0.1232 Fair Value €0.3000 May 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 €0.1232 – €0.8041 · fair‑value band €0.2200 – €0.3800 · the €0.2590 price screens below the €0.3000 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

Afarak Group (AFAGR) currently trades at €0.2590, while our model-based Fair Value estimate is €0.3000, implying the stock looks roughly 15.8% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Basic Materials 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, Afarak Group generated revenue of €141M at a net margin of -6.3%. Revenue grew 12.2% year over year. It earns a return on equity of -8.6%. The balance sheet holds a net cash position of €3.9M. Fundamentals as of Jul 15, 2026

Our scenario range runs from €0.2200 (bear case) to €0.3800 (bull case); at €0.2590, 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 49% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at 16%, AFAGR 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 €0.1200 €0.1700 €0.2300 80
Rev-Margin DCF €0.1200 €0.1800 €0.2600 74
Gordon GGM €0.2600 €0.4400 €0.5700 70
All 9 models by family
DCF Models
FCF DCF €0.1200 €0.1800 €0.2500 38
5Y Revenue Exit €0.1200 €0.1800 €0.2600 39
10Y Revenue Exit €0.1200 €0.1700 €0.2500 36
Dividend Discount
Gordon GGM €0.2600 €0.4400 €0.5700 70
DDM Multi-Stage €0.2600 €0.4200 €0.4800 61
Multiples
EV/Revenue €0.1200 €0.1600 €0.2000 43
Asset-Based
NCAV (Graham) €0.1800 €0.2500 €0.3700 50
Growth DCF
Growth DCF €0.1200 €0.1700 €0.2300 80
Rev-Margin DCF €0.1200 €0.1800 €0.2600 74

Widest divergence: Dividend Discount (€0.4200) versus Multiples (€0.1600). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €141M
Revenue growth (YoY) +12.2%
Net margin -6.3%
Return on equity -8.6%
Free cash flow €2.7M FY2025
Operating margin -16.7%
More key figures
EPS (TTM) €-0.0300
EPS growth (YoY) +1,117%
Net cash €3.9M FY2025

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 43 · Market factors (momentum, volatility) 30

Profitability 14
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 11
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

Afarak Group SE extracts, process, markets, and trades specialised metals in Finland, other EU countries, the United States, China, Africa, and internationally. It operates in two segments, FerroAlloys and Speciality Alloys. The Ferro Alloys segment produces chrome from Vlakpoort and Mecklenburg mines.

Full company description

Afarak Group SE extracts, process, markets, and trades specialised metals in Finland, other EU countries, the United States, China, Africa, and internationally. It operates in two segments, FerroAlloys and Speciality Alloys. The Ferro Alloys segment produces chrome from Vlakpoort and Mecklenburg mines. The specialty alloys segment offers low ferrochrome, extra low carbon ferrochrome, and high chrome ferrochrome. It also offers chrome ore, stainless steel alloy, plasma ferrochrome, and silico manganese. The company sells its products to aviation, nuclear, oil and gas, and automotive industries. Afarak Group SE was incorporated in 1985 and is based in Helsinki, Finland. Afarak Group SE is a subsidiary of Skandinaviska Enskilda Banken AB (publ).

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Afarak Group reported revenue of €141M in FY2025 versus €80.3M in FY2021, a compound +15.2%/yr. Reported net income was −€8.9M in FY2025.

Growth Quality 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€141M
Latest YoY
+9.8%
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.
−10.7%
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.
+18.8%
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.
+1.5%
Revenue +15.2%/yr
FY21 €80.3M
FY22 €199M
FY23 €154M
FY24 €129M
FY25 €141M
Net income
FY21 €9.2M
FY22 €47.7M
FY23 €9.5M
FY24 −€7.6M
FY25 −€8.9M

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Cite: Fair Value Calculator (2026). "Afarak Group Fair Value". https://www.fairvalue-calculator.com/stock/AFAGR

Peer Group

Other Industrial Metals & Mining · 475 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 41 · Above median
Fair Value upside −2% · Above median
Return on assets -2% · Above median
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -17% · Bottom 25%
Revenue growth 12% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/B 0.78× · Cheaper than median
P/S (TTM) 0.53× · Cheaper than 75% of peers
P/FCF 27.5× · Pricier than 75% of peers
PEG 2.93× · Pricier than 75% of peers

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 31 · sector 0
FUTURE 61 · sector 23
PAST 0 · sector 0
HEALTH 100 · sector 96
DIVIDEND 0 · sector 21

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 942.42 MXN -34%
Rio Tinto Group RIO A$164.89 A$81.76 -50%
Grupo México, S.A. GMEXICOB 199.23 MXN 187.72 MXN -6%
Vale S.A VALE $14.89 $8.95 -40%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥18.20 ¥16.15 -11%
Fortescue Ltd FMG A$18.47 A$18.62 +1%
China Tungsten And Hightech Materials Co 000657 ¥74.71 ¥9.55 -87%
Hindustan Zinc Limited HINDZINC ₹521.95 ₹576.80 +11%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥39.56 ¥10.59 -73%

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Frequently asked questions

Is Afarak Group (AFAGR) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €0.3000 versus a price of €0.2590, about +16% (undervalued).
What is the fair value of AFAGR?
Our model-based fair value for Afarak Group is €0.3000 (as of Jul 15, 2026), built from audited fundamentals. The current price is €0.2590.
What is the quality score of AFAGR?
Afarak Group has a Quality Score of 41/100. 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 Afarak Group (AFAGR)?
Afarak Group reported trailing-twelve-month revenue of about €141M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of AFAGR?
The net profit margin of Afarak Group is about -6.3%, meaning it is currently running at a net loss. 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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