engcon AB Cl B (ENGCON-B) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of engcon AB Cl B stock SEK 23.32, price SEK 73.60, upside -68.3%, quality 71 out of 100. Rating: strongly overvalued. 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 13, 2026.
How to read this chart
52‑month range kr 56.19 – kr 128.90 · fair‑value band kr 12.72 – kr 31.73 · the kr 73.60 price screens above the kr 23.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
Follow engcon AB Cl B in your weekly email
Every Wednesday you see whether engcon AB Cl B is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
engcon AB (publ) engages in the design, production, and sale of excavator tools in Sweden, Denmark, Norway, Finland, rest of Europe, North and South America, Japan, South Korea, Australia, New Zealand, and internationally.
Show moreShow less
The company offers control systems; track and wheel control products; DC2, a proportional control system with remote support; MIG2, an integrated hand support joystick; EC-Oil, an automatic hydraulic coupling; positioning systems; locking systems; Q-Safe Light Module, a control system of warning light and sound modules; and attachment brackets.
It also provides hydraulic tools, such as detachable grippers and sweepers, stone and sorting grabs, timber and combi grabs, grapple saws, sweeper rollers, pallet forks, and compactors; and mechanical tools, including cable and grading buckets, deep-digging buckets, riddle buckets, water/sewerage buckets, pallet forks, rippers, tarmac cutters, and grading beams.
The company's products have applications in pipes, water and sewage works, railway engineering works, electrical works, and road construction activities, as well as construction and landscaping works. engcon AB (publ) was founded in 1990 and is headquartered in Strömsund, Sweden.
Stock analysis
engcon AB Cl B (ENGCON-B) currently trades at kr 73.60, while our model-based Fair Value estimate is kr 23.32, 68.3% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 24.41 per share, and 0 of the 24 models we run sit above the kr 73.60 price.
Bear case: the Economic Profit group reads lowest at kr 10.57, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 12.72 (bear) to kr 31.73 (bull), the price of kr 73.60 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 71/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
engcon AB Cl B reported revenue of 1.9B SEK in FY2025 versus 1.5B SEK in FY2021, a compound +6.1%/yr. Reported net income was 218M SEK in FY2025, compounding −7.1%/yr from FY2021.
Key figures
Market cap 11.2B SEK (≈ $1.1B) Small · P/E ratio 42.9 · P/S ratio 5.50 · EPS (TTM) kr 1.64 · Dividend yield 1.4% · Net margin 12.2% · Return on equity 38.8% · Return on assets (EBIT) 31.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 75 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −68%, ENGCON-B screens richer than that median.
Fair Value models
Bearkr 12.72Fair Value kr 23.32Bullkr 31.73
Price kr 73.60 · Upside -68.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 0.5138 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. 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.Coverage ⓘCoverage = 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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+14.6%
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.
−0.8%
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.
+11.9%
Start year 2020 (pandemic)
Revenue growth 6 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.
+7.9%
’19
’20
’21
’22
’23
’24
’25
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.
+7.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.9%
Dividend (yield on the price)1.4%
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.20% → 18%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+50.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+14.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +47.9% a year for the price and +12.4% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Farm & Heavy Construction Machinery · 149 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside−68.3% · Bottom 25%
Profitability
Return on equity (12 months)38.8% · Top 25%
Return on assets18.0% · Top 25%
Net margin (12 months)12.2% · Top 25%
Operating margin (12 months)17.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)12.1% · Above median
Dividend yield (12 months)1.4% · Below median
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
P/E (12 months)42.9× · Priciest 25%
P/B16.41× · Priciest 25%
P/S (12 months)5.50× · Priciest 25%
Price / free cash flow151.9× · Priciest 25%
EV/EBITDA29.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 47
FUTURE (revenue growth)61· sector 47
PAST (return on equity)100· sector 36
HEALTH (low debt)100· sector 93
DIVIDEND (yield)27· sector 42
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). "engcon AB Cl B Fair Value". https://www.fairvalue-calculator.com/stock/ENGCON-B
Frequently asked questions
Is engcon AB Cl B (ENGCON-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 23.32 versus a price of kr 73.60, about −68% upside (overvalued).
What is the fair value of ENGCON-B?
Our model-based fair value for engcon AB Cl B is kr 23.32 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 73.60.
What is the quality score of ENGCON-B?
engcon AB Cl B has a Quality Score of 71/100. 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 engcon AB Cl B (ENGCON-B)?
Our model-based price target is the fair value of kr 23.32 (as of Oct 13, 2026) from 24 valuation models. Cautious scenario kr 12.72, optimistic scenario kr 31.73. It is a calculation from audited fundamentals, not an analyst target.
What is the engcon AB Cl B stock forecast for 2026?
Our models put fair value at kr 23.32, about −68% upside versus a price of kr 73.60 (overvalued). Cautious scenario kr 12.72, optimistic scenario kr 31.73. The calculation is refreshed regularly with new filings.
What is the revenue of engcon AB Cl B (ENGCON-B)?
engcon AB Cl B reported trailing-twelve-month revenue of about 2.0B SEK (latest available figure, as of Oct 13, 2026).
Does engcon AB Cl B pay a dividend?
engcon AB Cl B currently shows a dividend yield of 1.36% relative to its recent price (as of Oct 13, 2026).
What growth is priced into engcon AB Cl B (ENGCON-B)?
For today's price to be fair in a discounted-cash-flow model, engcon AB Cl B would have to grow free cash flow by +50.9 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.9 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of ENGCON-B use?
Our models discount engcon AB Cl B at 9.9 %: a base by market capitalisation (small), damped by beta 0.59, 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 engcon AB Cl B that is +50.9 % per year a year over ten years, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has engcon AB Cl B (ENGCON-B) delivered so far?
Over the past 5 years revenue at engcon AB Cl B grew +11.9 % a year. The price currently implies +50.9 % 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 engcon AB Cl B (ENGCON-B) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into engcon AB Cl B (+50.9 % 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 engcon AB Cl B (ENGCON-B)?
The free-cash-flow yield on the price is 0.66 %: that much free cash flow engcon AB Cl B produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of engcon AB Cl B (ENGCON-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For engcon AB Cl B it is kr 23.32 per share (as of Oct 13, 2026), against a price of kr 73.60. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is engcon AB Cl B stock overvalued or undervalued in 2026?
As of Oct 13, 2026, ENGCON-B trades above its calculated fair value: price kr 73.60, fair value kr 23.32, a gap of about −68% (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 ENGCON-B?
No. The price is what the market pays today (kr 73.60); the fair value is what the company's own numbers justify (kr 23.32). For engcon AB Cl B the two are kr 50.28 per share apart. That gap is exactly why we show both numbers side by side.
How much is engcon AB Cl B worth?
The market values engcon AB Cl B at about 11.2B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 73.60; our models calculate a fair value of kr 23.32 per share.
What do the bullish and bearish scenarios say about ENGCON-B?
Our models span a range for engcon AB Cl B: cautious scenario kr 12.72, base kr 23.32, optimistic kr 31.73 per share (as of Oct 13, 2026, price kr 73.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ENGCON-B?
engcon AB Cl B trades at a price-to-earnings ratio of 42.9 (as of Oct 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 23.32 is built from several models across several years. Other multiples: P/B 16.4, P/S 5.5, EV/EBITDA 29.1.
How solid is the balance sheet of engcon AB Cl B (ENGCON-B)?
Balance-sheet figures for engcon AB Cl B (as of Oct 13, 2026): return on equity 38.8%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is ENGCON-B from its 52-week high?
engcon AB Cl B trades at kr 73.60, about 17% below its 52-week high of kr 88.65 and 31% above the low of kr 56.19 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of kr 23.32 is for.
Which stocks are comparable to engcon AB Cl B?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, 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 engcon AB Cl B stock attractive at the current price?
The data as of Oct 13, 2026: price kr 73.60, calculated fair value kr 23.32 (−68%), Quality Score 71/100, 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 ENGCON-B calculated?
We run engcon AB Cl B 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 23.32, 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 13.9 % above its aggregate fair value. engcon AB Cl B 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 engcon AB Cl B (ENGCON-B)?
The closing price on Oct 20, 2026 was kr 73.60. Our model-based fair value is kr 23.32, about −68% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with engcon AB Cl B right now?
A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (kr 31.73). The favourable scenario is already priced in. A fairly wide model range (kr 12.72 to kr 31.73) leaves room in how you read the outcome.
Key figures of engcon AB Cl B
How large is the market capitalisation of engcon AB Cl B (ENGCON-B)?
The market capitalisation of engcon AB Cl B is 11.2B SEK (≈ $1.1B). 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 engcon AB Cl B (ENGCON-B)?
The price-to-sales ratio of engcon AB Cl B is 5.50 (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 engcon AB Cl B (ENGCON-B)?
Earnings per share at engcon AB Cl B are kr 1.64 (price ÷ EPS = P/E 42.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of engcon AB Cl B (ENGCON-B)?
The dividend yield of engcon AB Cl B is 1.4% (payout 61.0%). 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 engcon AB Cl B (ENGCON-B)?
The net margin of engcon AB Cl B is 12.2% (last twelve months). 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 engcon AB Cl B (ENGCON-B)?
The return on equity (ROE) of engcon AB Cl B is 38.8% (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 engcon AB Cl B (ENGCON-B)?
On an EBIT basis the return on assets of engcon AB Cl B is 31.8% (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 engcon AB Cl B (ENGCON-B)?
The operating margin of engcon AB Cl B is 17.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at engcon AB Cl B (ENGCON-B)?
Revenue at engcon AB Cl B is growing +12.1% versus a year earlier (3y avg −0.8%). 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 engcon AB Cl B (ENGCON-B)?
Earnings per share at engcon AB Cl B are growing +22.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does engcon AB Cl B (ENGCON-B) carry?
The net debt of engcon AB Cl B is 280M SEK (fiscal year 2025, ≈ 3.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch engcon AB Cl B in the live analysis
One click puts engcon AB Cl B on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.
Broad data
Oct 13, 2026