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FLSmidth & Co (FLS) Fair Value & Analysis

Industrials · DK · Market cap 27.3B DKK

FC FLSmidth & Co FLS · CO
Pricekr 492.80
Fair Valuekr 202.48
Upside-58.9%
Quality95/100
Evidence: High Range kr 120.65 – kr 292.58

Fair value as of: Jun 24, 2026

From 23 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from kr 117.69 to kr 202.48 (+72.0%) since Jun 23, 2026. Share price −7.9% over the past month.

Price vs Fair Value (12 months)

kr 644.12 kr 394.90 Fair Value kr 202.48 Jun 2025 Jun 2026

12‑month range kr 394.90 – kr 644.12 · fair‑value band kr 120.65 – kr 292.58 · the kr 492.80 price screens above the kr 202.48 fair value. As of Jun 24, 2026.

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Analysis

FLSmidth & Co (FLS) currently trades at kr 492.80, while our model-based Fair Value estimate is kr 202.48 — implying the stock looks roughly 58.9% overvalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, FLSmidth & Co generated revenue of 14.2B DKK at a net margin of 4.5%. Revenue declined 11.6% year over year. It earns a return on equity of 12.7%. Net debt stands at 2.2B DKK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 14.2B DKK
Revenue growth (YoY) -11.6%
Net margin 4.5%
Return on equity 12.7%
Free cash flow 604M DKK FY2025
P/E ratio 20.2
More key figures
Operating margin 13.0%
EPS (TTM) kr 24.92
Dividend yield 0.8%
EPS growth (YoY) +195%
Net debt 2.2B DKK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

FLSmidth & Co. A/S provides flowsheet technology and service solutions for the mining industries in Denmark, the United States of America, Canada, Chile, Brazil, Peru, Australia, North and South America, Europe, the Middle East, Africa, and Asia. The company operates through three segments: Service; Products; and Pumps, Cyclones & Valves (PC&V). The company offers mineral processing equipment, such as hydrocyclones and REFLUX classifiers; cone and roll crushers, crushing stations, gyratory and jaw crushers, and sizers; centrifuges, thickeners and clarifiers, and filters; apron and belt feeders, buffalo and vibrating feeders, mine hoists, hybrid apron feeders, and mine shaft equipment; and attrition scrubbers, column and forced-air flotation cells, mixed and self-aspirated flotation cells, and REFLUX and coarse flotation cells. It also includes ball and vertical fine grinding mills, and SAG and AG mills; laboratory equipment, such as automated laboratories, crushing, dividing, drying…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FLSmidth & Co reported revenue of kr 14.6B in FY2025 versus kr 17.6B in FY2021, a compound −4.5%/yr. Reported net income was kr 175M in FY2025, compounding −16.4%/yr from FY2021.

Revenue −4.5%/yr
FY21 kr 17.6B
FY22 kr 21.8B
FY23 kr 24.1B
FY24 kr 20.2B
FY25 kr 14.6B
Net income −16.4%/yr
FY21 kr 358M
FY22 kr 370M
FY23 kr 497M
FY24 kr 1.0B
FY25 kr 175M

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Similar stocks

6 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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GE Vernova Inc GEV $867.09 $297.82 -66%
SIEGY SIEGY $155.06 $89.54 -42%
SMAWF SMAWF $307.12 $176.28 -43%
SMNS SMNS C$31.76 C$23.45 -26%
SIE SIE €269.80 €161.17 -40%
Schneider Electric S.E. SBGSF $326.83 $147.43 -55%

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Frequently asked questions

Is FLSmidth & Co (FLS) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 202.48 versus a price of kr 492.80 — about −59% (overvalued). Model-based estimate, not financial advice.
What is the fair value of FLS?
Our 21-model fair value for FLSmidth & Co is kr 202.48 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 492.80.
What is the quality score of FLS?
FLSmidth & Co has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of FLSmidth & Co (FLS)?
FLSmidth & Co reported trailing-twelve-month revenue of about 14.2B DKK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of FLS?
The net profit margin of FLSmidth & Co is about 4.5%, meaning it keeps roughly 4.5% of revenue as net income. Based on the latest reported figures.
Does FLSmidth & Co pay a dividend?
FLSmidth & Co currently shows a dividend yield of about 0.79% relative to its recent price (as of Jun 24, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.