engcon AB (ENGCON-B) Fair Value & Analysis
Industrials · SE · Market cap 9.5B SEK (≈ $990M) · ISIN SE0017769847
What is engcon AB really worth?
A solid business, but trading 183% above our fair value of kr 24.76.
As of Aug 13, 2026, the fair value of engcon AB is kr 24.76 per share against a price of kr 70.00, so the fair value sits 65% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 22 days ago
Share price +7.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters 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 37.53). The favourable scenario is already priced in.
- The model range is unusually wide (kr 12.99 to kr 37.53). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
51‑month range kr 56.19 – kr 128.90 · fair‑value band kr 12.99 – kr 37.53 · the kr 70.00 price screens above the kr 24.76 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
engcon AB (ENGCON-B) currently trades at kr 70.00, while our model-based Fair Value estimate is kr 24.76, implying the stock looks roughly 182.7% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of kr 31.86 per share, and 0 of the 24 models we run sit above the kr 70.00 price. Bear case: the Asset-Based group reads lowest at kr 3.92, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, engcon AB generated revenue of 2.0B SEK at a net margin of 11.9%. Revenue grew 20.9% year over year. It earns a return on equity of 30.8%. Net debt stands at 280M SEK. Fundamentals as of Aug 13, 2026
Our scenario range runs from kr 12.99 (bear case) to kr 37.53 (bull case); at kr 70.00, the current price sits above 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 28% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at −65%, ENGCON-B screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 0.3601 per share, which is 1.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Growth Earnings (kr 31.86) versus Asset-Based (kr 3.92). Highest evidence: FCF DCF (79).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 68 · Market factors (momentum, volatility) 48
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
engcon AB 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.
ENGCON-B screens 183% overvalued. Compare with Caterpillar Inc →
Peer Group
Farm & Heavy Construction Machinery · 150 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.
Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper
Strength profile in five axes (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 0: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Caterpillar Inc CAT | $800.25 | $307.83 | −62% |
| Deere & Company DE | $622.66 | $182.29 | −71% |
| AB Volvo (publ), VOLVA | kr 351.40 | kr 288.08 | −18% |
| PACCAR Inc PCAR | $122.45 | $94.80 | −23% |
| Daimler Truck Holding DTG | €45.73 | €47.70 | +4% |
| Epiroc AB EPIA | kr 272.80 | kr 144.14 | −47% |
| Exor N.V EXO | €72.10 | €123.44 | +71% |
| Sany Heavy Industry Co 600031 | ¥19.06 | ¥20.84 | +9% |
| Traton SE 8TRA | €37.78 | €52.60 | +39% |
| Metso Oyj METSO | €16.75 | €10.73 | −36% |
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