Byggmästare Anders J Ahlström Holding (AJA-B) fair value: what the stock is really worth
We calculate from audited financials what Byggmästare Anders J Ahlström Holding is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Watch Byggmästare Anders J Ahlström Holding for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range kr 35.61 – kr 88.20 · fair‑value band kr 101.15 – kr 156.96 · the kr 53.00 price screens below the kr 148.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
Byggmästare Anders J Ahlström Holding AB (publ) invests in, owns, and develops listed and unlisted small and medium-sized companies in Sweden and rest of the Nordic region.
Show more
Byggmästare Anders J Ahlström Holding AB (publ) invests in, owns, and develops listed and unlisted small and medium-sized companies in Sweden and rest of the Nordic region. The company also engages in the sale and rental of health-promoting products, such as defibrillators; provision of maintenance and fine planning of outdoor environments; and supplies and manufactures flexible printed circuit boards. In addition, it provides staffing and recruitment services for civil engineering sector; advertised media reach services; and support services for people with disabilities. Further, the company maintains, improves, and expands infrastructure. The company was founded in 1898 and is based in Stockholm, Sweden.
Stock analysis
Byggmästare Anders J Ahlström Holding (AJA-B) currently trades at kr 53.00, while our model-based Fair Value estimate is kr 148.24, implying the stock looks roughly 64.2% undervalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of kr 277.34 per share, and 4 of the 6 models we run sit above the kr 53.00 price.
Bear case: the Asset-Based group reads lowest at kr 49.44, and 2 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 101.15 (bear) to kr 156.96 (bull), the price of kr 53.00 sits below 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 63/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Byggmästare Anders J Ahlström Holding reported revenue of 19.6M SEK in FY2025 versus 876M SEK in FY2021, a compound −61.3%/yr. Reported net income was −45.1M SEK in FY2025.
Key figures
Market cap 1.5B SEK (≈ $159M) · P/E ratio 37.0 · P/S ratio 98.6 · EPS (TTM) kr 1.38 · Dividend yield 1.3% · Net margin 354% · Return on equity 2.6% · Return on assets (EBIT) 9.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 9% fair-value upside, at 180%, AJA-B screens cheaper than that median.
Fair Value models
Bear kr 101.15Fair Value kr 148.24Bull kr 156.96
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 8 months old). Earnings retained since then (kr 0.4788 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.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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
−73.2%
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.
−34.5%
Revenue growth 12 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.
+2.3%
’13
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’25
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.
68.9% (2020) → −233.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
−14.6%
Yearly growth needed for the next five years to justify today's price.
Compare Byggmästare Anders J Ahlström Holding with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Publishing · 108 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−89% · Bottom 25%
Profitability
Return on equity (TTM)3% · Below median
Return on assets0% · Below median
Operating margin (TTM)−20% · Bottom 25%
Growth and dividend
Dividend yield (TTM)1.3% · Below median
Valuation Multiplesvs Publishing median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Byggmästare Anders J Ahlström Holding Fair Value". https://www.fairvalue-calculator.com/stock/AJA-B
Frequently asked questions
Is Byggmästare Anders J Ahlström Holding (AJA-B) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of kr 148.24 versus a price of kr 53.00, about +180% upside (undervalued).
What is the fair value of AJA-B?
Our model-based fair value for Byggmästare Anders J Ahlström Holding is kr 148.24 (as of Sep 13, 2026), built from audited fundamentals. The current price: kr 53.00.
What is the quality score of AJA-B?
Byggmästare Anders J Ahlström Holding has a Quality Score of 63/100. 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 Byggmästare Anders J Ahlström Holding (AJA-B)?
Our model-based price target is the fair value of kr 148.24 (as of Sep 13, 2026) from 6 valuation models. Cautious scenario kr 101.15, optimistic scenario kr 156.96. It is a calculation from audited fundamentals, not an analyst target.
What is the Byggmästare Anders J Ahlström Holding stock forecast for 2026?
Our models put fair value at kr 148.24, about +180% upside versus a price of kr 53.00 (undervalued). Cautious scenario kr 101.15, optimistic scenario kr 156.96. The calculation is refreshed regularly with new filings.
What is the revenue of Byggmästare Anders J Ahlström Holding (AJA-B)?
Byggmästare Anders J Ahlström Holding reported trailing-twelve-month revenue of about 15.0M SEK (latest available figure, as of Sep 13, 2026).
Does Byggmästare Anders J Ahlström Holding pay a dividend?
Byggmästare Anders J Ahlström Holding currently shows a dividend yield of about 1.32% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Byggmästare Anders J Ahlström Holding (AJA-B)?
For today's price to be fair in a discounted-cash-flow model, Byggmästare Anders J Ahlström Holding would have to grow free cash flow by -14.6 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -34.5 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of AJA-B use?
Our models discount Byggmästare Anders J Ahlström Holding at 11.6 %: a base by market capitalisation (micro), damped by beta 0.70, country premium for Sweden. 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 Byggmästare Anders J Ahlström Holding that is -14.6 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Byggmästare Anders J Ahlström Holding (AJA-B) delivered so far?
Over the past 5 years revenue at Byggmästare Anders J Ahlström Holding grew -34.5 % a year. The price currently implies -14.6 % 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 Byggmästare Anders J Ahlström Holding (AJA-B) growing?
The median revenue growth in the sector is +1.9 % a year. That is the yardstick for the growth priced into Byggmästare Anders J Ahlström Holding (-14.6 % 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 Byggmästare Anders J Ahlström Holding (AJA-B)?
The free-cash-flow yield on the price is 21.10 %: that much free cash flow Byggmästare Anders J Ahlström Holding produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Byggmästare Anders J Ahlström Holding (AJA-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Byggmästare Anders J Ahlström Holding it is kr 148.24 per share (as of Sep 13, 2026), against a price of kr 53.00. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Byggmästare Anders J Ahlström Holding stock overvalued or undervalued in 2026?
As of Sep 13, 2026, AJA-B trades below its calculated fair value: price kr 53.00, fair value kr 148.24, a gap of about +180% (undervalued). 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 AJA-B?
No. The price is what the market pays today (kr 53.00); the fair value is what the company's own numbers justify (kr 148.24). For Byggmästare Anders J Ahlström Holding the two are kr 95.24 per share apart. That gap is exactly why we show both numbers side by side.
How much is Byggmästare Anders J Ahlström Holding worth?
The market values Byggmästare Anders J Ahlström Holding at about 1.5B SEK (market capitalisation, as of Sep 13, 2026). Per share that is kr 53.00; our models calculate a fair value of kr 148.24 per share.
What do the bullish and bearish scenarios say about AJA-B?
Our models span a range for Byggmästare Anders J Ahlström Holding: cautious scenario kr 101.15, base kr 148.24, optimistic kr 156.96 per share (as of Sep 13, 2026, price kr 53.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AJA-B?
Byggmästare Anders J Ahlström Holding trades at a price-to-earnings ratio of 37.0 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 148.24 is built from several models across several years. Other multiples: P/B 0.1, P/S 10.3.
How solid is the balance sheet of Byggmästare Anders J Ahlström Holding (AJA-B)?
Balance-sheet figures for Byggmästare Anders J Ahlström Holding (as of Sep 13, 2026): return on equity 2.6%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is AJA-B from its 52-week high?
Byggmästare Anders J Ahlström Holding trades at kr 53.00, about 21% below its 52-week high of kr 66.86 and 7% above the low of kr 49.34 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of kr 148.24 is for.
Which stocks are comparable to Byggmästare Anders J Ahlström Holding?
From the same area (Communication Services) we also value The New York Times Company, Pearson plc, Jiangsu Phoenix Publishing & Media Corporation, China Science Publishing & Media Ltd, 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 Byggmästare Anders J Ahlström Holding stock attractive at the current price?
The data as of Sep 13, 2026: price kr 53.00, calculated fair value kr 148.24 (+180%), Quality Score 63/100, from 6 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 AJA-B calculated?
We run Byggmästare Anders J Ahlström Holding through 6 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 148.24, 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 15.8 % above its aggregate fair value. Byggmästare Anders J Ahlström Holding currently trades 180 % below its own fair value, and the market average says nothing about that. 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 should I pay attention to with Byggmästare Anders J Ahlström Holding right now?
The price is below even our cautious bear case (kr 101.15). The market is more pessimistic than our downside scenario. 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 quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Byggmästare Anders J Ahlström Holding (AJA-B) come from?
Earnings per share at Byggmästare Anders J Ahlström Holding grew +13.8 % a year from 2013 to 2024. Broken into its drivers: revenue per share +19.6 %, EBIT margin +10.5 %, tax rate +2.9 %, residual (interest, one-offs) −16.3 %. 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 Byggmästare Anders J Ahlström Holding
How large is the market capitalisation of Byggmästare Anders J Ahlström Holding (AJA-B)?
The market capitalisation of Byggmästare Anders J Ahlström Holding is 1.5B SEK (≈ $159M). 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 Byggmästare Anders J Ahlström Holding (AJA-B)?
The price-to-sales ratio of Byggmästare Anders J Ahlström Holding is 98.6 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Byggmästare Anders J Ahlström Holding (AJA-B)?
Earnings per share at Byggmästare Anders J Ahlström Holding are kr 1.38 (price ÷ EPS = P/E 37.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Byggmästare Anders J Ahlström Holding (AJA-B)?
The dividend yield of Byggmästare Anders J Ahlström Holding is 1.3% (payout 50.7%). 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 Byggmästare Anders J Ahlström Holding (AJA-B)?
The net margin of Byggmästare Anders J Ahlström Holding is 354% (last twelve months). 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 Byggmästare Anders J Ahlström Holding (AJA-B)?
The return on equity (ROE) of Byggmästare Anders J Ahlström Holding is 2.6% (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 Byggmästare Anders J Ahlström Holding (AJA-B)?
On an EBIT basis the return on assets of Byggmästare Anders J Ahlström Holding is 9.0% (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 Byggmästare Anders J Ahlström Holding (AJA-B)?
The operating margin of Byggmästare Anders J Ahlström Holding is −19.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at Byggmästare Anders J Ahlström Holding (AJA-B)?
Earnings per share at Byggmästare Anders J Ahlström Holding are growing +108% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Byggmästare Anders J Ahlström Holding (AJA-B) hold?
Byggmästare Anders J Ahlström Holding holds more cash than debt, 87.9M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Byggmästare Anders J Ahlström Holding in the live analysis
One click puts Byggmästare Anders J Ahlström Holding on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
