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ByggPartner Gruppen AB (BYGGP) Fair Value & Analysis

Industrials · SE · Market cap 1.6B SEK

BG ByggPartner Gruppen AB BYGGP · ST
Pricekr 38.70
Fair Valuekr 56.68
Upside+46.5%
Quality61/100
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Healthy Growth
Thin margins · 2.7% net margin
Low debt · generates free cash flow
2.14% dividend yield
Ranks above peers (11/14)
Moderate moat 50/100
Evidence: High Range kr 42.83 – kr 76.17 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 kr 58.44 to kr 56.68 (−3.0%) since Jun 24, 2026. Share price +12.2% over the past month.

A solid business, screening 46% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (kr 42.83). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) 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)

kr 68.77 kr 10.71 Fair Value kr 56.68 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 kr 10.71 – kr 68.77 · fair‑value band kr 42.83 – kr 76.17 · the kr 38.70 price screens below the kr 56.68 fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

ByggPartner Gruppen AB (BYGGP) currently trades at kr 38.70, while our model-based Fair Value estimate is kr 56.68, implying the stock looks roughly 46.5% undervalued today. The Quality Score stands at 61/100 (solid 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, ByggPartner Gruppen AB generated revenue of 5.4B SEK at a net margin of 2.7%. Revenue grew 20.9% year over year. It earns a return on equity of 25.6%. The balance sheet holds a net cash position of 58.0M SEK. Fundamentals as of Jul 15, 2026

Our scenario range runs from kr 42.83 (bear case) to kr 76.17 (bull case); at kr 38.70, 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 about 28% below its 52-week high and 99% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 46%, BYGGP 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 kr 68.69 kr 113.92 kr 182.51 80
Residual Income kr 15.74 kr 20.94 kr 71.95 76
Rev-Margin DCF kr 46.33 kr 73.56 kr 110.68 74
All 24 models by family
DCF Models
FCF DCF kr 70.57 kr 121.32 kr 212.97 38
Owner Earnings kr 48.18 kr 84.06 kr 143.04 31
5Y Revenue Exit kr 46.33 kr 73.80 kr 110.72 39
5Y EBITDA Exit kr 55.20 kr 93.03 kr 141.18 41
5Y P/E Exit kr 53.54 kr 89.42 kr 131.35 38
10Y Revenue Exit kr 53.68 kr 82.38 kr 126.37 36
10Y EBITDA Exit kr 60.08 kr 95.64 kr 150.84 37
10Y P/E Exit kr 59.05 kr 93.15 kr 142.95 35
Earnings-Based
Graham-Dodd kr 18.92 kr 103.72 kr 143.88 54
Lynch FV kr 28.85 kr 41.21 kr 53.58 50
PEG = 1.0 kr 28.85 kr 41.21 kr 53.58 46
EPV kr 24.34 kr 27.18 kr 29.55 59
Multiples
P/E Multiple kr 43.83 kr 58.44 kr 73.05 63
P/S Multiple kr 35.48 kr 47.31 kr 59.13 58
P/B Multiple kr 35.48 kr 47.31 kr 59.13 55
EV/EBIT kr 45.03 kr 58.88 kr 72.73 53
EV/EBITDA kr 50.09 kr 65.63 kr 81.17 54
EV/Revenue kr 33.14 kr 45.85 kr 58.56 43
Asset-Based
NCAV (Graham) kr 6.55 kr 8.78 kr 13.10 50
Growth DCF
Growth DCF kr 68.69 kr 113.92 kr 182.51 80
Rev-Margin DCF kr 46.33 kr 73.56 kr 110.68 74
Economic Profit
Residual Income kr 15.74 kr 20.94 kr 71.95 76
ROIC Compounder kr 27.17 kr 34.06 kr 42.39 72
Growth Earnings
Growth-Adj P/E kr 41.98 kr 59.97 kr 77.96 68

Widest divergence: DCF Models (kr 89.42) versus Asset-Based (kr 8.78). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 5.4B SEK
Revenue growth (YoY) +20.9%
Net margin 2.7%
Return on equity 25.6%
Free cash flow 269M SEK FY2025
P/E ratio 11.1
More key figures
Operating margin 3.7%
EPS (TTM) kr 3.22
Dividend yield 2.1%
EPS growth (YoY) +102%
Net cash 58.0M SEK FY2025

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 61 · Market factors (momentum, volatility) 56

Profitability 56
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 40
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

ByggPartner Gruppen AB (publ) operates as a construction company in Sweden. The company engages in construction of community properties such as schools, health care and social care; remodeling and construction of premises, office environments, and housing; industry; and wood construction.

Full company description

ByggPartner Gruppen AB (publ) operates as a construction company in Sweden. The company engages in construction of community properties such as schools, health care and social care; remodeling and construction of premises, office environments, and housing; industry; and wood construction. It also operates in the contracting and construction services, as well as scaffolding and the manufacture of house components. The company was formerly known as ByggPartner i Dalarna Holding AB (publ) and changed its name to ByggPartner Gruppen AB (publ) in June 2022. ByggPartner Gruppen AB (publ) was founded in 1992 and is headquartered in Borlänge, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ByggPartner Gruppen AB reported revenue of kr 5.1B in FY2025 versus kr 2.3B in FY2021, a compound +22.4%/yr. Reported net income was kr 126M in FY2025, compounding +16.0%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
5.1B SEK
Latest YoY
+7.6%
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.
+8.9%
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.
+22.5%
Avg. growth/yr (13Y) 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.
+12.0%
Revenue +22.4%/yr
FY21 kr 2.3B
FY22 kr 4.0B
FY23 kr 4.9B
FY24 kr 4.8B
FY25 kr 5.1B
Net income +16.0%/yr
FY21 kr 69.7M
FY22 −kr 93.4M
FY23 −kr 165M
FY24 kr 53.5M
FY25 kr 126M
Character of growth · EPS growth decomposed (2014-2025) −3.0 % p.a.
Revenue per share +4.6 pp

of which total revenue +16.8 pp · buybacks/dilution −12.2 pp

EBIT margin −6.4 pp
Tax rate −0.6 pp
Residual (interest, one-offs) −0.6 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). "ByggPartner Gruppen AB Fair Value". https://www.fairvalue-calculator.com/stock/BYGGP

Peer Group

Engineering & Construction · 839 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 61 · Top 25%
Fair Value upside +47% · Top 25%
Return on equity (TTM) 26% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 21% · Above median
Dividend yield (TTM) 2.1% · Above median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 11.1× · Cheaper than median
P/B 2.73× · Pricier than 75% of peers
P/S (TTM) 0.30× · Cheaper than median
P/FCF 0.6× · Cheaper than median
EV/EBITDA 6.9× · Cheaper than median

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 95 · sector 16
FUTURE 100 · sector 17
PAST 100 · sector 26
HEALTH 100 · sector 94
DIVIDEND 43 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is ByggPartner Gruppen AB (BYGGP) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of kr 56.68 versus a price of kr 38.70, about +46% (undervalued).
What is the fair value of BYGGP?
Our model-based fair value for ByggPartner Gruppen AB is kr 56.68 (as of Jul 15, 2026), built from audited fundamentals. The current price is kr 38.70.
What is the quality score of BYGGP?
ByggPartner Gruppen AB has a Quality Score of 61/100. 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 ByggPartner Gruppen AB (BYGGP)?
ByggPartner Gruppen AB reported trailing-twelve-month revenue of about 5.4B SEK (latest available figure, as of Jul 15, 2026).
What is the net profit margin of BYGGP?
The net profit margin of ByggPartner Gruppen AB is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.
Does ByggPartner Gruppen AB pay a dividend?
ByggPartner Gruppen AB currently shows a dividend yield of about 1.63% relative to its recent price (as of Jul 15, 2026).

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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