Duni AB (DUNI) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Duni AB SEK 96.04, price SEK 74.20, upside +29.4%, quality 53 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 53.08 – kr 114.37 · fair‑value band kr 44.99 – kr 149.47 · the kr 74.20 price screens below the kr 96.04 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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Duni AB (publ) develops, manufactures, and sells concepts and products for the serving, take-away, and packaging of meals in Sweden, Poland, and internationally.
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Duni AB (publ) develops, manufactures, and sells concepts and products for the serving, take-away, and packaging of meals in Sweden, Poland, and internationally. Its products include napkins, table coverings, take away boxes and bowls, take away bags and wraps, plates, amuse bouche and cutlery products, and cups and glasses; reusable products; and candles, LED lamps, and lights, dining solutions, tabletop accessories, sealable packaging and hygiene products, and gift bags and wrappings. The company offers its products under the Duni, Duniform, Paper+Design, EFF, Unmo, Rexcell, Decent Packaging, Relevo, Huskee, Poppies, and BioPak brands. The company offers its products to hotels, restaurants, events and catering, café, public, grocery, and retail sectors; and ready-to-eat meals and take-away applications. Duni AB (publ) was founded in 1949 and is headquartered in Malmö, Sweden.
Stock analysis
Duni AB (DUNI) currently trades at kr 74.20, while our model-based Fair Value estimate is kr 96.04, implying the stock looks roughly 22.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 127.94 per share, and 15 of the 24 models we run sit above the kr 74.20 price.
Bear case: the Growth DCF group reads lowest at kr 32.21, and 9 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 44.99 (bear) to kr 149.47 (bull), the price of kr 74.20 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 53/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Duni AB reported revenue of 7.7B SEK in FY2025 versus 5.1B SEK in FY2021, a compound +11.0%/yr. Reported net income was 312M SEK in FY2025, compounding +42.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 3.5B SEK (≈ $351M) · P/E ratio 17.1 · P/S ratio 0.70 · EPS (TTM) kr 4.33 · Dividend yield 6.7% · Net margin 4.1% · Return on equity 5.6% · Return on assets (EBIT) 5.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −21% fair-value upside, at 29%, DUNI screens cheaper than that median.
Fair Value models
Bear kr 44.99Fair Value kr 96.04Bull kr 149.47
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.79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.4%
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.
+3.3%
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.
+11.3%
Start year 2020 (pandemic). Over 10 years: +6.2% a year
Revenue growth 25 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%
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What shareholders gained per year (last 5 years) ⓘ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.
+39.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+32.6%
Dividend (yield on the price)6.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.33% vs −1%, picking up
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.2% → 7%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+18.9%
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 +16.6% 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.Textile Manufacturing · 344 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+29% · Above median
Profitability
Return on equity (TTM)6% · Above median
Return on assets3% · Above median
Net margin (TTM)3% · Below median
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth−3% · Below median
Dividend yield (TTM)6.7% · Top 25%
Balance sheet
Debt / equity0.51× · Highest 25%
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Duni AB Fair Value". https://www.fairvalue-calculator.com/stock/DUNI
Frequently asked questions
Is Duni AB (DUNI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 96.04 versus a price of kr 74.20, about +29% upside (undervalued).
What is the fair value of DUNI?
Our model-based fair value for Duni AB is kr 96.04 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 74.20.
What is the quality score of DUNI?
Duni AB has a Quality Score of 53/100. 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 Duni AB (DUNI)?
Our model-based price target is the fair value of kr 96.04 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario kr 44.99, optimistic scenario kr 149.47. It is a calculation from audited fundamentals, not an analyst target.
What is the Duni AB stock forecast for 2026?
Our models put fair value at kr 96.04, about +29% upside versus a price of kr 74.20 (undervalued). Cautious scenario kr 44.99, optimistic scenario kr 149.47. The calculation is refreshed regularly with new filings.
What is the revenue of Duni AB (DUNI)?
Duni AB reported trailing-twelve-month revenue of about 7.5B SEK (latest available figure, as of Sep 24, 2026).
Does Duni AB pay a dividend?
Duni AB currently shows a dividend yield of about 6.74% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Duni AB (DUNI)?
For today's price to be fair in a discounted-cash-flow model, Duni AB would have to grow free cash flow by +18.9 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of DUNI use?
Our models discount Duni AB at 11.4 %: a base by market capitalisation (small), damped by beta 1.14, 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 Duni AB that is +18.9 % per year a year over ten years, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Duni AB (DUNI) delivered so far?
Over the past 5 years revenue at Duni AB grew +11.3 % a year. The price currently implies +18.9 % 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 Duni AB (DUNI) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Duni AB (+18.9 % 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 Duni AB (DUNI)?
The free-cash-flow yield on the price is 5.33 %: that much free cash flow Duni AB produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Duni AB (DUNI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Duni AB it is kr 96.04 per share (as of Sep 24, 2026), against a price of kr 74.20. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Duni AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, DUNI trades below its calculated fair value: price kr 74.20, fair value kr 96.04, a gap of about +29% (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 DUNI?
No. The price is what the market pays today (kr 74.20); the fair value is what the company's own numbers justify (kr 96.04). For Duni AB the two are kr 21.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is Duni AB worth?
The market values Duni AB at about 3.5B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 74.20; our models calculate a fair value of kr 96.04 per share.
What do the bullish and bearish scenarios say about DUNI?
Our models span a range for Duni AB: cautious scenario kr 44.99, base kr 96.04, optimistic kr 149.47 per share (as of Sep 24, 2026, price kr 74.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DUNI?
Duni AB trades at a price-to-earnings ratio of 17.1 (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 96.04 is built from several models across several years. Other multiples: PEG 3.2, P/B 1.0, P/S 0.5, EV/EBITDA 7.8.
What is the PEG ratio of DUNI?
The PEG ratio of Duni AB is 3.16 (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 Duni AB (DUNI)?
Balance-sheet figures for Duni AB (as of Sep 24, 2026): return on equity 5.6%, debt of 0.51 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is DUNI from its 52-week high?
Duni AB trades at kr 74.20, about 29% below its 52-week high of kr 104.65 and at the low of kr 74.20 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 96.04 is for.
Which stocks are comparable to Duni AB?
From the same area (Consumer Cyclical) we also value Shenzhou International Group, Tongkun Group, Inner Mongolia ERDOS Resources Co, K.P.R. Mill Limited, 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 Duni AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 74.20, calculated fair value kr 96.04 (+29%), Quality Score 53/100, 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 DUNI calculated?
We run Duni 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 96.04, 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 13.0 % above its aggregate fair value. Duni AB currently trades 29 % 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 Duni AB (DUNI)?
The closing price on Sep 24, 2026 was kr 74.20. Our model-based fair value is kr 96.04, about +29% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Duni AB right now?
The model range is unusually wide (kr 44.99 to kr 149.47). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Duni AB (DUNI) come from?
Earnings per share at Duni AB grew −0.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.8 %, EBIT margin −5.0 %, tax rate −0.1 %, residual (interest, one-offs) −1.8 %. 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 Duni AB
How large is the market capitalisation of Duni AB (DUNI)?
The market capitalisation of Duni AB is 3.5B SEK (≈ $351M). 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 Duni AB (DUNI)?
The price-to-sales ratio of Duni AB is 0.70 (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 Duni AB (DUNI)?
Earnings per share at Duni AB are kr 4.33 (price ÷ EPS = P/E 17.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Duni AB (DUNI)?
The dividend yield of Duni AB is 6.7% (payout 115%). 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 Duni AB (DUNI)?
The net margin of Duni AB is 4.1% (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 Duni AB (DUNI)?
The return on equity (ROE) of Duni AB is 5.6% (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 Duni AB (DUNI)?
On an EBIT basis the return on assets of Duni AB is 5.7% (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 Duni AB (DUNI)?
The operating margin of Duni AB is 1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Duni AB (DUNI)?
Revenue at Duni AB is growing −3.2% versus a year earlier (3y avg +3.3%). 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 Duni AB (DUNI)?
Earnings per share at Duni AB are growing −46.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Duni AB (DUNI) carry?
The net debt of Duni AB is 1.5B SEK (fiscal year 2025, ≈ 7.9 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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