Bulten AB (BULTEN) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Bulten AB SEK 145, price SEK 63.20, upside +129.8%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range kr 40.05 – kr 100.95 · fair‑value band kr 93.83 – kr 145.24 · the kr 63.20 price screens below the kr 145.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Bulten AB (publ), together with its subsidiaries, manufactures and distributes fasteners in Sweden, Poland, Germany, the United Kingdom, rest of Europe, the United States, China, and internationally.
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Bulten AB (publ), together with its subsidiaries, manufactures and distributes fasteners in Sweden, Poland, Germany, the United Kingdom, rest of Europe, the United States, China, and internationally. The company offers bolts and screws, including screws/bolts with patches, screws for plastics, sems, thread forming, self-aligning, all-metal locking, and weld screws/bolts; nuts, such as hex, flange, self-clinching, cap, wheel, weld nuts, and flange nuts with captive washer; miniature fasteners; compression limiters and captive bolt assemblies; inserts for plastics; clinch fasteners; and other C-parts, as well as customer design solutions. It also provides rapid prototyping, product design, resident engineering, full-service provider, customized logistics solutions, streamlining assortment, vendor managed inventory, and measurement of clamp load services. The company serves automotive, consumer electronics, white goods and home appliances, industrial, medical equipment, renewable energy, lawn and garden, leisure and adventure equipment, infrastructure development, and precision instruments sectors. The company was formerly known as FinnvedenBulten AB (publ) and changed its name to Bulten AB (publ) in September 2014. Bulten AB (publ) was founded in 1873 and is headquartered in Gothenburg, Sweden.
Stock analysis
Bulten AB (BULTEN) currently trades at kr 63.20, while our model-based Fair Value estimate is kr 145.24, implying the stock looks roughly 56.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 85.56 per share, and 9 of the 12 models we run sit above the kr 63.20 price.
Bear case: the Asset-Based group reads lowest at kr 55.00, and 3 of the 12 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 93.83 (bear) to kr 145.24 (bull), the price of kr 63.20 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 50/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bulten AB reported revenue of 5.0B SEK in FY2025 versus 3.7B SEK in FY2021, a compound +7.8%/yr. Reported net income was −11.0M SEK in FY2025.
Key figures
Market cap 1.3B SEK (≈ $134M) · P/E ratio 98.2 · P/S ratio 0.22 · EPS (TTM) kr −0.1700 · Dividend yield 5.5% · Net margin −0.2% · Return on equity 1.9% · Return on assets (EBIT) 5.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −19% fair-value upside, at 130%, BULTEN screens cheaper than that median.
Fair Value models
Bear kr 93.83Fair Value kr 145.24Bull kr 145.24
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.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.46/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−13.1%
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.
+4.1%
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.
+9.6%
Start year 2020 (pandemic). Over 10 years: +6.5% a year
Revenue growth 18 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.
+2.9%
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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.
3.6% (2020) → 2.3% (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
Little optimism in the price
The price assumes less 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).
−4.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about −6.5% a year for the price.
Price, fair value, quality and upside side by side.
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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.Auto Parts · 692 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+130% · Top 25%
Profitability
Return on equity (TTM)2% · Bottom 25%
Return on assets2% · Below median
Net margin (TTM)−22% · Bottom 25%
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth−7% · Bottom 25%
Dividend yield (TTM)5.5% · Top 25%
Balance sheet
Debt / equity0.59× · Highest 25%
Valuation Multiplesvs Auto Parts 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). "Bulten AB Fair Value". https://www.fairvalue-calculator.com/stock/BULTEN
Frequently asked questions
Is Bulten AB (BULTEN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 145.24 versus a price of kr 63.20, about +130% upside (undervalued).
What is the fair value of BULTEN?
Our model-based fair value for Bulten AB is kr 145.24 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 63.20.
What is the quality score of BULTEN?
Bulten AB has a Quality Score of 50/100. 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 Bulten AB (BULTEN)?
Our model-based price target is the fair value of kr 145.24 (as of Sep 24, 2026) from 12 valuation models. Cautious scenario kr 93.83, optimistic scenario kr 145.24. It is a calculation from audited fundamentals, not an analyst target.
What is the Bulten AB stock forecast for 2026?
Our models put fair value at kr 145.24, about +130% upside versus a price of kr 63.20 (undervalued). Cautious scenario kr 93.83, optimistic scenario kr 145.24. The calculation is refreshed regularly with new filings.
What is the revenue of Bulten AB (BULTEN)?
Bulten AB reported trailing-twelve-month revenue of about 4.8B SEK (latest available figure, as of Sep 24, 2026).
Does Bulten AB pay a dividend?
Bulten AB currently shows a dividend yield of about 5.52% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Bulten AB (BULTEN)?
For today's price to be fair in a discounted-cash-flow model, Bulten AB would have to grow free cash flow by -4.6 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BULTEN use?
Our models discount Bulten AB at 11.1 %: a base by market capitalisation (micro), damped by beta 0.54, 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 Bulten AB that is -4.6 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Bulten AB (BULTEN) delivered so far?
Over the past 5 years revenue at Bulten AB grew +9.6 % a year. The price currently implies -4.6 % 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 Bulten AB (BULTEN) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Bulten AB (-4.6 % 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 Bulten AB (BULTEN)?
The free-cash-flow yield on the price is 19.53 %: that much free cash flow Bulten AB produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bulten AB (BULTEN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bulten AB it is kr 145.24 per share (as of Sep 24, 2026), against a price of kr 63.20. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Bulten AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BULTEN trades below its calculated fair value: price kr 63.20, fair value kr 145.24, a gap of about +130% (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 BULTEN?
No. The price is what the market pays today (kr 63.20); the fair value is what the company's own numbers justify (kr 145.24). For Bulten AB the two are kr 82.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bulten AB worth?
The market values Bulten AB at about 1.3B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 63.20; our models calculate a fair value of kr 145.24 per share.
What do the bullish and bearish scenarios say about BULTEN?
Our models span a range for Bulten AB: cautious scenario kr 93.83, base kr 145.24, optimistic kr 145.24 per share (as of Sep 24, 2026, price kr 63.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BULTEN?
Bulten AB trades at a price-to-earnings ratio of 98.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 145.24 is built from several models across several years. Other multiples: PEG 1.2, P/B 0.1, P/S 0.0, EV/EBITDA 2.3.
What is the PEG ratio of BULTEN?
The PEG ratio of Bulten AB is 1.22 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Bulten AB (BULTEN)?
Balance-sheet figures for Bulten AB (as of Sep 24, 2026): return on equity 1.9%, debt of 0.59 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is BULTEN from its 52-week high?
Bulten AB trades at kr 63.20, about 10% below its 52-week high of kr 70.50 and 58% above the low of kr 40.05 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 145.24 is for.
Which stocks are comparable to Bulten AB?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Bulten AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 63.20, calculated fair value kr 145.24 (+130%), Quality Score 50/100, from 12 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 BULTEN calculated?
We run Bulten AB through 12 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 145.24, 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 14.0 % above its aggregate fair value. Bulten AB currently trades 130 % 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 is the share price of Bulten AB (BULTEN)?
The closing price on Sep 24, 2026 was kr 63.20. Our model-based fair value is kr 145.24, about +130% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bulten AB right now?
The price is below even our cautious bear case (kr 93.83). The market is more pessimistic than our downside scenario. Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Bulten AB (BULTEN) come from?
Earnings per share at Bulten AB grew −2.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.8 %, EBIT margin −3.8 %, tax rate −2.2 %, residual (interest, one-offs) −5.6 %. 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 Bulten AB
How large is the market capitalisation of Bulten AB (BULTEN)?
The market capitalisation of Bulten AB is 1.3B SEK (≈ $134M). 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 Bulten AB (BULTEN)?
The price-to-sales ratio of Bulten AB is 0.22 (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 Bulten AB (BULTEN)?
Earnings per share at Bulten AB are kr −0.1700 (price ÷ EPS = P/E 98.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bulten AB (BULTEN)?
The dividend yield of Bulten AB is 5.5%. 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 Bulten AB (BULTEN)?
The net margin of Bulten AB is −0.2% (fiscal year 2025). 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 Bulten AB (BULTEN)?
The return on equity (ROE) of Bulten AB is 1.9% (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 Bulten AB (BULTEN)?
On an EBIT basis the return on assets of Bulten AB is 5.2% (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 Bulten AB (BULTEN)?
The operating margin of Bulten AB is 7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bulten AB (BULTEN)?
Revenue at Bulten AB is growing −7.2% versus a year earlier (3y avg +4.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bulten AB (BULTEN)?
Earnings per share at Bulten AB are growing +270% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bulten AB (BULTEN) carry?
The net debt of Bulten AB is 1.5B SEK (fiscal year 2025, ≈ 5.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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