Dustin Group AB (DUST) fair value: what the stock is really worth
As of Oct 12, 2026: fair value of Dustin Group AB SEK 0.81, price SEK 1.78, upside -54.6%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range kr 1.32 – kr 60.10 · fair‑value band kr 0.2210 – kr 1.58 · the kr 1.78 price screens above the kr 0.8075 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Dustin Group AB (publ) engages in online information technology business in Sweden, Finland, Denmark, the Netherlands, Norway, and Belgium. The company offers various hardware, software, financing solutions, subscription services, and other related services and solutions. It serves large companies and the public sector.
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Dustin Group AB (publ) engages in online information technology business in Sweden, Finland, Denmark, the Netherlands, Norway, and Belgium. The company offers various hardware, software, financing solutions, subscription services, and other related services and solutions. It serves large companies and the public sector. The company was founded in 1984 and is headquartered in Nacka, Sweden. Dustin Group AB (publ) operates as a subsidiary of AxMedia AB.
Stock analysis
Dustin Group AB (DUST) currently trades at kr 1.78, while our model-based Fair Value estimate is kr 0.8075, 54.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of kr 2.72 per share, and 3 of the 3 models we run sit above the kr 1.78 price.
Bear case: the DCF Models group reads lowest at kr 2.56, and 0 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 0.2210 (bear) to kr 1.58 (bull), the price of kr 1.78 sits above 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 31/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Dustin Group AB reported revenue of 20.4B SEK in FY2025 versus 15.9B SEK in FY2021, a compound +6.5%/yr. Reported net income was −2.6B SEK in FY2025.
Key figures
Market cap 2.4B SEK (≈ $242M) · P/E ratio 1.7 · P/S ratio 0.11 · EPS (TTM) kr −0.7900 · Net margin −12.9% · Return on equity −16.3% · Return on assets (EBIT) 3.0% · Operating margin 1.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 56% fair-value upside, at −55%, DUST screens richer than that median.
Fair Value models
Bear kr 0.2210Fair Value kr 0.8075Bull kr 1.58
Price kr 1.78 · Upside -54.6%
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.27/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−5.0%
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.
−4.7%
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.
+9.1%
Start year 2020 (pandemic). Over 10 years: +9.9% a year
Revenue growth 13 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.
+12.3%
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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.
3.2% (2020) → 0.4% (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
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.Information Technology Services · 472 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−54.6% · Bottom 25%
Profitability
Return on assets−10.5% · Bottom 25%
Net margin (TTM)−3.9% · Bottom 25%
Operating margin (TTM)1.5% · Below median
Growth and dividend
Revenue growth2.7% · Below median
Balance sheet
Debt / equity0.45× · Highest 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (TTM)1.7× · Cheapest 25%
P/S (TTM)0.01× · Cheapest 25%
PEG1.45× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 44
FUTURE (revenue growth)14· sector 29
PAST (return on equity)0· sector 36
HEALTH (low debt)78· sector 98
DIVIDEND (yield)0· sector 40
VALUE 0: the price sits above our fair-value range.
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). "Dustin Group AB Fair Value". https://www.fairvalue-calculator.com/stock/DUST
Frequently asked questions
Is Dustin Group AB (DUST) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of kr 0.8075 versus a price of kr 1.78, about −55% upside (overvalued).
What is the fair value of DUST?
Our model-based fair value for Dustin Group AB is kr 0.8075 (as of Oct 1, 2026), built from audited fundamentals. The current price: kr 1.78.
What is the quality score of DUST?
Dustin Group AB has a Quality Score of 31/100. 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 Dustin Group AB (DUST)?
Our model-based price target is the fair value of kr 0.8075 (as of Oct 1, 2026) from 4 valuation models. Cautious scenario kr 0.2210, optimistic scenario kr 1.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Dustin Group AB stock forecast for 2026?
Our models put fair value at kr 0.8075, about −55% upside versus a price of kr 1.78 (overvalued). Cautious scenario kr 0.2210, optimistic scenario kr 1.58. The calculation is refreshed regularly with new filings.
What is the revenue of Dustin Group AB (DUST)?
Dustin Group AB reported trailing-twelve-month revenue of about 21.2B SEK (latest available figure, as of Oct 1, 2026).
What is the intrinsic value of Dustin Group AB (DUST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dustin Group AB it is kr 0.8075 per share (as of Oct 1, 2026), against a price of kr 1.78. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Dustin Group AB stock overvalued or undervalued in 2026?
As of Oct 1, 2026, DUST trades above its calculated fair value: price kr 1.78, fair value kr 0.8075, a gap of about −55% (overvalued). 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 DUST?
No. The price is what the market pays today (kr 1.78); the fair value is what the company's own numbers justify (kr 0.8075). For Dustin Group AB the two are kr 0.9705 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dustin Group AB worth?
The market values Dustin Group AB at about 2.4B SEK (market capitalisation, as of Oct 1, 2026). Per share that is kr 1.78; our models calculate a fair value of kr 0.8075 per share.
What do the bullish and bearish scenarios say about DUST?
Our models span a range for Dustin Group AB: cautious scenario kr 0.2210, base kr 0.8075, optimistic kr 1.58 per share (as of Oct 1, 2026, price kr 1.78). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DUST?
Dustin Group AB trades at a price-to-earnings ratio of 1.7 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 0.8075 is built from several models across several years. Other multiples: PEG 1.5, P/S 0.0.
What is the PEG ratio of DUST?
The PEG ratio of Dustin Group AB is 1.45 (P/E divided by earnings growth, as of Oct 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Dustin Group AB (DUST)?
Balance-sheet figures for Dustin Group AB (as of Oct 1, 2026): return on equity −16.3%, debt of 0.45 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is DUST from its 52-week high?
Dustin Group AB trades at kr 1.78, about 19% below its 52-week high of kr 2.19 and 35% above the low of kr 1.32 (as of Oct 12, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.8075 is for.
Which stocks are comparable to Dustin Group AB?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys 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 Dustin Group AB stock attractive at the current price?
The data as of Oct 1, 2026: price kr 1.78, calculated fair value kr 0.8075 (−55%), Quality Score 31/100, from 4 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 DUST calculated?
We run Dustin Group AB through 4 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 0.8075, 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 14.8 % above its aggregate fair value. Dustin Group AB itself currently trades above fair value. 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 Dustin Group AB (DUST)?
The closing price on Oct 12, 2026 was kr 1.78. Our model-based fair value is kr 0.8075, about −55% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dustin Group AB right now?
The price sits above even our optimistic bull case (kr 1.58). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (kr 0.2210 to kr 1.58). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Dustin Group AB (DUST) come from?
Earnings per share at Dustin Group AB grew −12.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.8 %, EBIT margin −6.5 %, tax rate −2.8 %, residual (interest, one-offs) −7.4 %. 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 Dustin Group AB
How large is the market capitalisation of Dustin Group AB (DUST)?
The market capitalisation of Dustin Group AB is 2.4B SEK (≈ $242M). 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 Dustin Group AB (DUST)?
The price-to-sales ratio of Dustin Group AB is 0.11 (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 Dustin Group AB (DUST)?
Earnings per share at Dustin Group AB are kr −0.7900 (price ÷ EPS = P/E 1.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dustin Group AB (DUST)?
The net margin of Dustin Group AB is −12.9% (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 Dustin Group AB (DUST)?
The return on equity (ROE) of Dustin Group AB is −16.3% (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 Dustin Group AB (DUST)?
On an EBIT basis the return on assets of Dustin Group AB is 3.0% (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 Dustin Group AB (DUST)?
The operating margin of Dustin Group AB is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dustin Group AB (DUST)?
Revenue at Dustin Group AB is growing +2.7% versus a year earlier (3y avg −4.7%). 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 Dustin Group AB (DUST)?
Earnings per share at Dustin Group AB are growing −71.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dustin Group AB (DUST) generate?
The free cash flow of Dustin Group AB is −87.0M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Dustin Group AB (DUST) carry?
The net debt of Dustin Group AB is 2.4B SEK (fiscal year 2025). 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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