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SRV Yhtiöt Oyj (B7J) Fair Value & Analysis

Industrials · DE · Market cap €107M

SY SRV Yhtiöt Oyj B7J · XETRA
Price€6.06
Fair Value€15.66
Upside+158.4%
Quality46/100
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Weak Growth
Loss-making · -1.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 22/100
Evidence: High Range €12.62 – €18.94 Share as image

Fair value as of: Jul 15, 2026

From 24 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from €17.90 to €15.66 (−12.5%) since Jun 25, 2026. Share price +15.6% over the past month.

Below-average quality, screening 158% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€12.62). The market is more pessimistic than our downside scenario.
  • Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

€17.46 €3.20 Fair Value €15.66 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 €3.20 – €17.46 · fair‑value band €12.62 – €18.94 · the €6.06 price screens below the €15.66 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

SRV Yhtiöt Oyj (B7J) currently trades at €6.06, while our model-based Fair Value estimate is €15.66, implying the stock looks roughly 158.4% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, SRV Yhtiöt Oyj generated revenue of €639M at a net margin of -1.8%. Revenue grew 20.8% year over year. It earns a return on equity of -8.2%. Net debt stands at €56.8M. Fundamentals as of Jul 15, 2026

Our scenario range runs from €12.62 (bear case) to €18.94 (bull case); at €6.06, the current price sits below 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 near its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at 158%, B7J 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 €12.89 €14.94 €17.99 80
Residual Income €7.57 €7.95 €8.46 76
Rev-Margin DCF €15.40 €21.09 €28.01 74
All 24 models by family
DCF Models
FCF DCF €12.68 €14.86 €18.37 38
Owner Earnings €10.57 €12.20 €14.83 31
5Y Revenue Exit €15.40 €20.85 €28.77 39
5Y EBITDA Exit €16.70 €23.11 €31.58 41
5Y P/E Exit €14.76 €19.75 €25.70 38
10Y Revenue Exit €13.76 €17.22 €20.94 36
10Y EBITDA Exit €14.73 €18.41 €22.34 37
10Y P/E Exit €13.72 €16.64 €19.40 35
Earnings-Based
Graham-Dodd €6.22 €7.61 €8.56 54
EPV €14.19 €15.38 €16.34 59
Dividend Discount
Gordon GGM €1.15 €1.22 €1.34 70
DDM Multi-Stage €1.15 €1.33 €1.55 61
Multiples
P/E Multiple €14.42 €19.22 €24.03 63
P/S Multiple €11.67 €15.56 €19.45 58
P/B Multiple €11.67 €15.56 €19.45 55
EV/EBIT €24.98 €31.89 €38.79 53
EV/EBITDA €23.01 €29.26 €35.51 54
EV/Revenue €19.06 €25.39 €31.72 43
Asset-Based
NCAV (Graham) €4.90 €6.57 €9.80 50
Growth DCF
Growth DCF €12.89 €14.94 €17.99 80
Rev-Margin DCF €15.40 €21.09 €28.01 74
Economic Profit
Residual Income €7.57 €7.95 €8.46 76
ROIC Compounder €14.19 €15.66 €17.01 72
Growth Earnings
Growth-Adj P/E €10.18 €14.54 €18.91 68

Widest divergence: Multiples (€19.22) versus Dividend Discount (€1.22). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €639M
Revenue growth (YoY) +20.8%
Net margin -1.8%
Return on equity -8.2%
Free cash flow €19.7M FY2025
Operating margin 0.8%
More key figures
EPS (TTM) €-0.5960
EPS growth (YoY) +3,250%
Net debt €56.8M FY2025

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 48 · Market factors (momentum, volatility) 59

Profitability 40
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 43
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

SRV Yhtiöt Oyj, a construction company, engages in the development, construction, and commercialization of various projects in Finland, Russia, and Estonia.

Full company description

SRV Yhtiöt Oyj, a construction company, engages in the development, construction, and commercialization of various projects in Finland, Russia, and Estonia. It develops and builds housing, business premise, infrastructure, logistics center, underground, and other special premise construction activities, as well as develops and constructs shopping centers, commercial premises, offices, hotels, and various production and logistics facilities. The company also provides renovation construction services, as well as designs, builds, and maintains energy and carbon-neutral buildings. In addition, it focuses on the management and realization of the company's real estate investments. The company was founded in 1987 and is headquartered in Espoo, Finland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SRV Yhtiöt Oyj reported revenue of €706M in FY2025 versus €933M in FY2021, a compound −6.7%/yr. Reported net income was €15.5M in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€706M
Latest YoY
−5.4%
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.
−2.9%
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.
−6.3%
Avg. growth/yr (22Y) 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.
+4.4%
Revenue −6.7%/yr
FY21 €933M
FY22 €770M
FY23 €610M
FY24 €746M
FY25 €706M
Net income
FY21 −€19.9M
FY22 −€85.7M
FY23 −€15.1M
FY24 €5.3M
FY25 €15.5M
Character of growth · EPS growth decomposed (2014-2025) −31.7 % p.a.
Revenue per share −29.7 pp

of which total revenue −0.5 pp · buybacks/dilution −29.2 pp

EBIT margin −1.5 pp
Tax rate −0.1 pp
Residual (interest, one-offs) −0.4 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).

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Cite: Fair Value Calculator (2026). "SRV Yhtiöt Oyj Fair Value". https://www.fairvalue-calculator.com/stock/B7J

Peer Group

Aerospace & Defense · 226 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 46 · Below median
Fair Value upside +158% · Top 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 21% · Above median
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Aerospace & Defense median · lower = cheaper

P/B 0.75× · Cheaper than 75% of peers
P/S (TTM) 0.19× · Cheaper than 75% of peers
P/FCF 6.3× · Cheaper than median
EV/EBITDA 8.6× · Cheaper 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 100 · sector 0
FUTURE 100 · sector 46
PAST 0 · sector 38
HEALTH 91 · sector 94
DIVIDEND 0 · sector 15

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

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

Similar stocks

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

Stock Price Fair Value vs Fair Value
General Electric Company GE $381.22 $116.71 -69%
RTX Corporation RTX $195.93 $88.37 -55%
Airbus SE 1AIR €213.25 €86.20 -60%
The Boeing Company BA $217.11 $48.20 -78%
China CSSC Holdings 600150 ¥34.31 ¥21.90 -36%
HD Hyundai Heavy Industries Co 329180 466,000 KRW 272,966 KRW -41%
Hanwha Aerospace Co 012450 967,000 KRW 573,468 KRW -41%
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS 337.50 TRY 130.70 TRY -61%
Saab AB SAABB kr 520.40 kr 212.84 -59%
Kongsberg Gruppen ASA KOG kr 277.50 kr 106.93 -61%

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Frequently asked questions

Is SRV Yhtiöt Oyj (B7J) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €15.66 versus a price of €6.06, about +158% (undervalued).
What is the fair value of B7J?
Our model-based fair value for SRV Yhtiöt Oyj is €15.66 (as of Jul 15, 2026), built from audited fundamentals. The current price is €6.06.
What is the quality score of B7J?
SRV Yhtiöt Oyj has a Quality Score of 46/100. 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 SRV Yhtiöt Oyj (B7J)?
SRV Yhtiöt Oyj reported trailing-twelve-month revenue of about €639M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of B7J?
The net profit margin of SRV Yhtiöt Oyj is about -1.8%, 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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