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Boreo Oyj (BOREO) Fair Value & Analysis

Industrials · FI · Market cap €51.0M

BO Boreo Oyj BOREO · HE
Price€24.70
Fair Value€21.09
Upside-14.6%
Quality54/100
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Healthy Growth
Thin margins · 2.2% net margin
Moderate debt · generates free cash flow
Trails peers (3/14)
Narrow moat 32/100
Evidence: High Range €9.97 – €34.30 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 €21.29 to €21.09 (−0.9%) since Jun 24, 2026. Share price +26.3% over the past month.

A solid business, but screening 15% overvalued on our models.

What matters now

  • The model range is unusually wide (€9.97 to €34.30). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€113.94 €9.30 Fair Value €21.09 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 €9.30 – €113.94 · fair‑value band €9.97 – €34.30 · the €24.70 price screens above the €21.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

Full chart & analysis →

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Analysis

Boreo Oyj (BOREO) currently trades at €24.70, while our model-based Fair Value estimate is €21.09, implying the stock looks roughly 14.6% overvalued today. The Quality Score stands at 54/100 (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, Boreo Oyj generated revenue of €159M at a net margin of 2.2%. Revenue grew 16.2% year over year. It earns a return on equity of 7.5%. Net debt stands at €60.5M. Fundamentals as of Jul 15, 2026

Our scenario range runs from €9.97 (bear case) to €34.30 (bull case); at €24.70, 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 near its 52-week high and 90% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -15%, BOREO 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 €2.29 €6.90 €12.83 80
Residual Income €7.68 €9.89 €23.67 76
Rev-Margin DCF €9.44 €22.50 €38.70 74
All 24 models by family
DCF Models
FCF DCF €2.41 €7.62 €14.78 38
Owner Earnings €18.04 €31.41 €49.79 31
5Y Revenue Exit €9.44 €22.89 €40.98 39
5Y EBITDA Exit €20.41 €44.76 €74.96 41
5Y P/E Exit €7.93 €19.87 €33.18 38
10Y Revenue Exit €5.64 €16.09 €31.70 36
10Y EBITDA Exit €12.33 €29.54 €55.24 37
10Y P/E Exit €5.34 €14.24 €26.30 35
Earnings-Based
Graham-Dodd €9.84 €40.73 €55.51 54
Lynch FV €10.28 €14.68 €19.08 50
PEG = 1.0 €10.28 €14.68 €19.08 46
EPV €8.65 €10.59 €12.17 59
Multiples
P/E Multiple €21.70 €28.93 €36.16 63
P/S Multiple €18.44 €24.59 €30.73 58
P/B Multiple €17.69 €23.59 €29.48 55
EV/EBIT €26.48 €37.83 €49.18 53
EV/EBITDA €37.99 €53.18 €68.37 54
EV/Revenue €15.38 €25.22 €35.05 43
Asset-Based
NCAV (Graham) €3.93 €5.27 €7.86 50
Growth DCF
Growth DCF €2.29 €6.90 €12.83 80
Rev-Margin DCF €9.44 €22.50 €38.70 74
Economic Profit
Residual Income €7.68 €9.89 €23.67 76
ROIC Compounder €8.89 €12.20 €16.19 72
Growth Earnings
Growth-Adj P/E €17.14 €24.49 €31.84 68

Widest divergence: Multiples (€25.22) versus Asset-Based (€5.27). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €159M
Revenue growth (YoY) +16.2%
Net margin 2.2%
Return on equity 7.5%
Free cash flow €3.0M FY2025
P/E ratio 35.4
More key figures
Operating margin 2.3%
EPS (TTM) €0.5500
EPS growth (YoY) +74.6%
Net debt €60.5M FY2025

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 50 · Market factors (momentum, volatility) 75

Profitability 47
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 78
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

Boreo Oyj owns, acquires, and develops small and medium-sized companies in Finland, Sweden, the Baltic countries, and internationally. It operates through Electronics and Technical Trade segments.

Full company description

Boreo Oyj owns, acquires, and develops small and medium-sized companies in Finland, Sweden, the Baltic countries, and internationally. It operates through Electronics and Technical Trade segments. The company engages in the distribution, manufacturing, and assembly of electronic components and its own products; and provision of warehouse and logistics, technical sales, technical trade, and industrial services. It is also involved in the provision of electronics and engineering solutions; importing and wholesaling of AV accessories, equipment cases, and electromechanical components; design and manufacture of harnessing and electrical solutions for demanding applications; importing of thermal cameras; and development, production, and marketing of hand-held skin and edema measurement instruments. In addition, the company engages in the distribution of industrial and maintenance products; wholesale of power and construction equipment; after sales services, including repair, maintenance, and spare parts; sale and maintenance of machine tools; import of Fronius welding machines and equipment; turnkey solutions; and distribution of process filtration products and system, concrete pumps, and welding and cutting products, as well as Putzmeister's pumps. Further, it provides constructors of timber body superstructures; professional paintwork and blasting treatment; and scheduled delivery and trunk transport services. The company markets its products under Yleiselektroniikka, YE International, Noretron Komponentit, Milcon, Infradex, Signal Solutions Nordic, Delfin Technologies, YE RS, Machinery, Machinery MT, Pronius, J-Matic, Filterit, PM Nordic, HM Nordic, Tornokone, Floby Nya Bilverkstad, Lackmästarn, Etelä-Suomen Kuriiripalvelu Oy, Vesterbacka, Muottikolmio, and Spetselektroodi brands. The company was formerly known as Yleiselektroniikka Oyj and changed its name to Boreo Oyj in February 2021. Boreo Oyj was incorporated in 1969 and is headquartered in Vantaa, Finland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Boreo Oyj reported revenue of €153M in FY2025 versus €147M in FY2021, a compound +1.1%/yr. Reported net income was €3.9M in FY2025, compounding −6.9%/yr from FY2021.

Growth Quality 75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€153M
Latest YoY
+14.4%
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.
−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.
+9.5%
Avg. growth/yr (16Y) 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.
+12.2%
Revenue +1.1%/yr
FY21 €147M
FY22 €160M
FY23 €161M
FY24 €134M
FY25 €153M
Net income −6.9%/yr
FY21 €5.2M
FY22 €5.2M
FY23 €2.6M
FY24 €1.1M
FY25 €3.9M
Character of growth · EPS growth decomposed (2014-2025) +5.1 % p.a.
Revenue per share +14.7 pp

of which total revenue +15.4 pp · buybacks/dilution −0.6 pp

EBIT margin −4.3 pp
Tax rate +1.4 pp
Residual (interest, one-offs) −6.8 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).

BOREO screens 15% overvalued. Compare with W.W. Grainger, Inc →

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Cite: Fair Value Calculator (2026). "Boreo Oyj Fair Value". https://www.fairvalue-calculator.com/stock/BOREO

Peer Group

Industrial Distribution · 102 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 54 · Below median
Fair Value upside −15% · Below median
Return on equity (TTM) 7% · Below median
Return on assets 3% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 16% · Top 25%
Debt / equity 1.39× · Higher than 75% of peers

Valuation Multiples vs Industrial Distribution median · lower = cheaper

P/E (TTM) 34.4× · Pricier than 75% of peers
P/B 2.78× · Pricier than median
P/S (TTM) 0.37× · Cheaper than median
P/FCF 19.6× · Pricier than 75% of peers
EV/EBITDA 9.3× · Cheaper than median
PEG 2.97× · 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 14 · sector 20
FUTURE 81 · sector 19
PAST 30 · sector 37
HEALTH 30 · sector 90
DIVIDEND 0 · sector 31

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 Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
W.W. Grainger, Inc GWW $1,376 $625.61 -55%
Fastenal Company FAST $45.49 $20.64 -55%
Ferguson Enterprises Inc FERG $232.02 $151.92 -35%
WESCO International, Inc WCC $326.71 $213.01 -35%
Watsco, Inc WSO $385.16 $268.10 -30%
Toromont Industries Ltd TIH C$232.22 C$127.90 -45%
Applied Industrial Technologies, Inc AIT $329.35 $191.65 -42%
Finning International Inc FTT C$102.50 C$76.38 -25%
Addtech AB ADDTB kr 329.20 kr 156.35 -53%
Core & Main, Inc CNM $44.66 $49.47 +11%

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Frequently asked questions

Is Boreo Oyj (BOREO) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €21.09 versus a price of €24.70, about −15% (overvalued).
What is the fair value of BOREO?
Our model-based fair value for Boreo Oyj is €21.09 (as of Jul 15, 2026), built from audited fundamentals. The current price is €24.70.
What is the quality score of BOREO?
Boreo Oyj has a Quality Score of 54/100. 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 Boreo Oyj (BOREO)?
Boreo Oyj reported trailing-twelve-month revenue of about €159M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of BOREO?
The net profit margin of Boreo Oyj is about 2.2%, meaning it keeps roughly 2.2% 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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