Cedergrenska AB (CEDER) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Cedergrenska AB SEK 50.20, price SEK 45.50, upside +10.3%, quality 70 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 9.80 – kr 49.50 · fair‑value band kr 35.14 – kr 65.26 · the kr 45.50 price screens below the kr 50.20 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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Cedergrenska AB (publ) provides education services in Sweden. It operates preschool, elementary, and upper secondary schools, as well as operates gymnasiums and adult education centers. Cedergrenska AB (publ) was founded in 2017 and is headquartered in Stockholm, Sweden.
Stock analysis
Cedergrenska AB (CEDER) currently trades at kr 45.50, while our model-based Fair Value estimate is kr 50.20, implying the stock looks roughly 9.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 95.71 per share, and 15 of the 24 models we run sit above the kr 45.50 price.
Bear case: the Asset-Based group reads lowest at kr 9.47, and 9 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 35.14 (bear) to kr 65.26 (bull), the price of kr 45.50 sits inside 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 70/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Cedergrenska AB reported revenue of 1.2B SEK in FY2025 versus 578M SEK in FY2021, a compound +20.9%/yr. Reported net income was 20.5M SEK in FY2025, compounding +7.3%/yr from FY2021.
Key figures
Market cap 608M SEK (≈ $61.2M) · P/E ratio 6.2 · P/S ratio 0.10 · EPS (TTM) kr 7.36 · Dividend yield 4.2% · Net margin 1.7% · Return on equity 21.3% · Return on assets (EBIT) 5.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 36% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 17% fair-value upside, at 10%, CEDER screens richer than that median.
Fair Value models
Bear kr 35.14Fair Value kr 50.20Bull kr 65.26
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 12 months old). Earnings retained since then (kr 5.46 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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+45.8%
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.
+18.9%
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.
+20.5%
Start year 2020 (pandemic)
Revenue growth 7 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.
+28.9%
’18
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’22
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’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−22.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.8%
Dividend (yield on the price)4.2%
Profit margin 2020 to 2025 ⓘ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.6% → 4%
2025 sits 365% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 10.7%/yr over ~5Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
−6.3%
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 −8.1% 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.Education & Training Services · 142 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+12% · Above median
Profitability
Return on equity (TTM)21% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)2% · Below median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth14% · Above median
Dividend yield (TTM)4.2% · Above median
Balance sheet
Debt / equity0.50× · Highest 25%
Valuation Multiplesvs Education & Training Services median · lower = cheaper
P/E (TTM)6.2× · Cheapest 25%
P/B0.34× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Cedergrenska AB Fair Value". https://www.fairvalue-calculator.com/stock/CEDER
Frequently asked questions
Is Cedergrenska AB (CEDER) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 50.20 versus a price of kr 45.50, about +10% upside (undervalued).
What is the fair value of CEDER?
Our model-based fair value for Cedergrenska AB is kr 50.20 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 45.50.
What is the quality score of CEDER?
Cedergrenska AB has a Quality Score of 70/100. 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 Cedergrenska AB (CEDER)?
Our model-based price target is the fair value of kr 50.20 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario kr 35.14, optimistic scenario kr 65.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Cedergrenska AB stock forecast for 2026?
Our models put fair value at kr 50.20, about +10% upside versus a price of kr 45.50 (undervalued). Cautious scenario kr 35.14, optimistic scenario kr 65.26. The calculation is refreshed regularly with new filings.
What is the revenue of Cedergrenska AB (CEDER)?
Cedergrenska AB reported trailing-twelve-month revenue of about 1.5B SEK (latest available figure, as of Sep 24, 2026).
Does Cedergrenska AB pay a dividend?
Cedergrenska AB currently shows a dividend yield of about 4.18% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Cedergrenska AB (CEDER)?
For today's price to be fair in a discounted-cash-flow model, Cedergrenska AB would have to grow free cash flow by -6.3 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +20.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of CEDER use?
Our models discount Cedergrenska AB at 11.5 %: a base by market capitalisation (micro), damped by beta 0.68, 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 Cedergrenska AB that is -6.3 % per year a year over ten years, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Cedergrenska AB (CEDER) delivered so far?
Over the past 5 years revenue at Cedergrenska AB grew +20.5 % a year. The price currently implies -6.3 % 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 Cedergrenska AB (CEDER) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Cedergrenska AB (-6.3 % 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 Cedergrenska AB (CEDER)?
The free-cash-flow yield on the price is 13.38 %: that much free cash flow Cedergrenska AB produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cedergrenska AB (CEDER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cedergrenska AB it is kr 50.20 per share (as of Sep 24, 2026), against a price of kr 45.50. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Cedergrenska AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CEDER trades below its calculated fair value: price kr 45.50, fair value kr 50.20, a gap of about +10% (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 CEDER?
No. The price is what the market pays today (kr 45.50); the fair value is what the company's own numbers justify (kr 50.20). For Cedergrenska AB the two are kr 4.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cedergrenska AB worth?
The market values Cedergrenska AB at about 608M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 45.50; our models calculate a fair value of kr 50.20 per share.
What do the bullish and bearish scenarios say about CEDER?
Our models span a range for Cedergrenska AB: cautious scenario kr 35.14, base kr 50.20, optimistic kr 65.26 per share (as of Sep 24, 2026, price kr 45.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CEDER?
Cedergrenska AB trades at a price-to-earnings ratio of 6.2 (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 50.20 is built from several models across several years. Other multiples: P/B 0.3, P/S 0.0.
How solid is the balance sheet of Cedergrenska AB (CEDER)?
Balance-sheet figures for Cedergrenska AB (as of Sep 24, 2026): return on equity 21.3%, debt of 0.50 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is CEDER from its 52-week high?
Cedergrenska AB trades at kr 45.50, about 8% below its 52-week high of kr 49.50 and 36% above the low of kr 33.44 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 50.20 is for.
Which stocks are comparable to Cedergrenska AB?
From the same area (Consumer Defensive) we also value New Oriental Education & Technology Group, TAL Education Group, Laureate Education, Inc, Grand Canyon Education, Inc, 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 Cedergrenska AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 45.50, calculated fair value kr 50.20 (+10%), Quality Score 70/100, from 24 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 CEDER calculated?
We run Cedergrenska AB through 24 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 50.20, 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 13.2 % above its aggregate fair value. Cedergrenska AB currently trades 10 % 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 Cedergrenska AB (CEDER)?
The closing price on Sep 24, 2026 was kr 45.50. Our model-based fair value is kr 50.20, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cedergrenska AB right now?
A fairly wide model range (kr 35.14 to kr 65.26) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Cedergrenska AB
How large is the market capitalisation of Cedergrenska AB (CEDER)?
The market capitalisation of Cedergrenska AB is 608M SEK (≈ $61.2M). 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 Cedergrenska AB (CEDER)?
The price-to-sales ratio of Cedergrenska AB is 0.10 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cedergrenska AB (CEDER)?
Earnings per share at Cedergrenska AB are kr 7.36 (price ÷ EPS = P/E 6.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cedergrenska AB (CEDER)?
The dividend yield of Cedergrenska AB is 4.2% (payout 25.8%). 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 Cedergrenska AB (CEDER)?
The net margin of Cedergrenska AB is 1.7% (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 Cedergrenska AB (CEDER)?
The return on equity (ROE) of Cedergrenska AB is 21.3% (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 Cedergrenska AB (CEDER)?
On an EBIT basis the return on assets of Cedergrenska AB is 5.6% (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 Cedergrenska AB (CEDER)?
The operating margin of Cedergrenska AB is 4.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cedergrenska AB (CEDER)?
Revenue at Cedergrenska AB is growing +14.1% versus a year earlier (3y avg +18.9%). 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 Cedergrenska AB (CEDER)?
Earnings per share at Cedergrenska AB are growing +37.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Cedergrenska AB (CEDER) hold?
Cedergrenska AB holds more cash than debt, 38.2M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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