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Duni AB (DUNI) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 3.6B SEK

DA Duni AB DUNI · ST
Pricekr 78.00
Fair Valuekr 101.06
Upside+29.6%
Quality53/100
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Healthy Growth
Thin margins · 2.7% net margin
Moderate debt · generates free cash flow
6.48% dividend yield
Ranks above peers (10/15)
Narrow moat 33/100
Evidence: Medium Range kr 60.67 – kr 158.17 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from kr 100.97 to kr 101.06 (+0.1%) since Jul 15, 2026. Share price +2.8% over the past month.

A solid business, screening 30% undervalued on our models.

What matters now

  • The model range is unusually wide (kr 60.67 to kr 158.17). 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.
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Price vs Fair Value (5 years)

kr 114.37 kr 53.08 Fair Value kr 101.06 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range kr 53.08 – kr 114.37 · fair‑value band kr 60.67 – kr 158.17 · the kr 78.00 price screens below the kr 101.06 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Duni AB (DUNI) currently trades at kr 78.00, while our model-based Fair Value estimate is kr 101.06, implying the stock looks roughly 29.6% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, Duni AB generated revenue of 7.6B SEK at a net margin of 3.7%. Revenue declined 5.3% year over year. It earns a return on equity of 7.2%. Net debt stands at 1.5B SEK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 60.67 (bear case) to kr 158.17 (bull case); at kr 78.00, 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 about 26% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at 30%, DUNI 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 13.45 kr 32.79 kr 59.26 80
Residual Income kr 61.29 kr 66.74 kr 86.23 76
Rev-Margin DCF kr 51.07 kr 108.25 kr 173.12 74
All 24 models by family
DCF Models
FCF DCF kr 12.83 kr 34.73 kr 66.65 38
Owner Earnings kr 55.33 kr 99.15 kr 162.98 31
5Y Revenue Exit kr 51.07 kr 109.26 kr 184.31 39
5Y EBITDA Exit kr 79.72 kr 162.63 kr 259.92 41
5Y P/E Exit kr 47.67 kr 102.92 kr 160.91 38
10Y Revenue Exit kr 33.07 kr 81.96 kr 148.70 36
10Y EBITDA Exit kr 54.03 kr 118.10 kr 204.91 37
10Y P/E Exit kr 34.09 kr 77.66 kr 131.31 35
Earnings-Based
Graham-Dodd kr 45.14 kr 137.87 kr 183.01 54
Lynch FV kr 29.60 kr 42.29 kr 54.97 50
PEG = 1.0 kr 29.60 kr 42.29 kr 54.97 46
EPV kr 57.55 kr 71.33 kr 83.21 59
Multiples
P/E Multiple kr 109.53 kr 146.05 kr 182.56 63
P/S Multiple kr 84.64 kr 112.85 kr 141.07 58
P/B Multiple kr 84.64 kr 112.85 kr 141.07 55
EV/EBIT kr 130.31 kr 183.64 kr 236.97 53
EV/EBITDA kr 136.53 kr 191.94 kr 247.35 54
EV/Revenue kr 78.17 kr 124.39 kr 170.61 43
Asset-Based
NCAV (Graham) kr 36.21 kr 48.53 kr 72.43 50
Growth DCF
Growth DCF kr 13.45 kr 32.79 kr 59.26 80
Rev-Margin DCF kr 51.07 kr 108.25 kr 173.12 74
Economic Profit
Residual Income kr 61.29 kr 66.74 kr 86.23 76
ROIC Compounder kr 57.55 kr 71.33 kr 93.57 72
Growth Earnings
Growth-Adj P/E kr 89.56 kr 127.94 kr 166.32 68

Widest divergence: Growth Earnings (kr 127.94) versus Growth DCF (kr 32.79). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 7.6B SEK
Revenue growth (YoY) -5.3%
Net margin 3.7%
Return on equity 7.2%
Free cash flow 186M SEK FY2025
P/E ratio 13.6
More key figures
Operating margin 4.3%
EPS (TTM) kr 6.02
Dividend yield 6.1%
EPS growth (YoY) -46.0%
Net debt 1.5B SEK FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 53 · Market factors (momentum, volatility) 34

Profitability 43
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 82
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

Duni AB (publ) develops, manufactures, and sells concepts and products for the serving, take-away, and packaging of meals in Sweden, Poland, and internationally.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Duni AB reported revenue of kr 7.7B in FY2025 versus kr 5.1B in FY2021, a compound +11.0%/yr. Reported net income was kr 312M in FY2025, compounding +42.3%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
7.7B SEK
Latest YoY
+1.4%
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.
+3.3%
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.
+11.3%
Avg. growth/yr (25Y) 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.
+9.6%
Revenue +11.0%/yr
FY21 kr 5.1B
FY22 kr 7.0B
FY23 kr 7.7B
FY24 kr 7.6B
FY25 kr 7.7B
Net income +42.3%/yr
FY21 kr 76.0M
FY22 kr 200M
FY23 kr 390M
FY24 kr 257M
FY25 kr 312M
Character of growth · EPS growth decomposed (2014-2025) −0.5 % p.a.
Revenue per share +6.8 pp

of which total revenue +6.8 pp · buybacks/dilution +0.0 pp

EBIT margin −5.0 pp
Tax rate −0.1 pp
Residual (interest, one-offs) −2.2 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). "Duni AB Fair Value". https://www.fairvalue-calculator.com/stock/DUNI

Peer Group

Textile Manufacturing · 307 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 53 · Above median
Fair Value upside +30% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 2% · Below median
Revenue growth -3% · Below median
Dividend yield (TTM) 6.5% · Top 25%
Debt / equity 0.51× · Higher than 75% of peers

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 17.8× · Cheaper than median
P/B 1.06× · Cheaper than median
P/S (TTM) 0.48× · Cheaper than median
P/FCF 2.1× · Pricier than 75% of peers
EV/EBITDA 8.0× · Cheaper than median
PEG 3.16× · 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 73 · sector 8
FUTURE 0 · sector 0
PAST 22 · sector 15
HEALTH 75 · sector 95
DIVIDEND 100 · sector 34

Insider activity: 30/100

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 Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$44.40 HK$75.65 +70%
Tongkun Group 601233 ¥23.56 ¥14.53 -38%
Inner Mongolia ERDOS Resources Co 600295 ¥12.04 ¥14.35 +19%
HMT (Xiamen) New Technical Materials Co 603306 ¥91.75 ¥12.85 -86%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
K.P.R. Mill Limited KPRMILL ₹1,083 ₹467.49 -57%
Zhejiang Orient Holdings 600120 ¥5.18 ¥2.21 -57%
Vardhman Textiles Limited VTL ₹602.20 ₹437.53 -27%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 323.84 TRY +86%
Shandong Fiberglass Group 605006 ¥16.75 ¥6.42 -62%

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Frequently asked questions

Is Duni AB (DUNI) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 101.06 versus a price of kr 78.00, about +30% (undervalued).
What is the fair value of DUNI?
Our model-based fair value for Duni AB is kr 101.06 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 78.00.
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 revenue of Duni AB (DUNI)?
Duni AB reported trailing-twelve-month revenue of about 7.6B SEK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of DUNI?
The net profit margin of Duni AB is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.
Does Duni AB pay a dividend?
Duni AB currently shows a dividend yield of about 6.11% relative to its recent price (as of Jul 16, 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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