EN DE

Flügger group A/S (FLUG-B) Fair Value & Analysis

Basic Materials · DK · Market cap 1.3B DKK (≈ $195M) · ISIN DK0010218189

What is Flügger group A/S really worth?

FG Flügger group A/S FLUG-B · CO
Pricekr 390.00
Fair Valuekr 358.70
Upside−8.0%
Quality67/100

A solid business, currently priced close to our fair value of kr 358.70.

Watch Flügger group A/S for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Low debt · generates free cash flow
Ranks above peers (10/15)

Risks

!Weak Growth (revenue 5y +1.4 %/yr)
!Thin margins · 2.7% net margin
!Narrow moat 31/100
!Weak on valuation: 23 out of 100
!Weak on future: 10 out of 100

For context

·5.13% dividend yield
Evidence: High Range kr 269.02 – kr 448.37

Fair value as of: Sep 5, 2026

From 24 valuation models · updated today

Share price −5.6% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

kr 692.92 kr 254.40 Fair Value kr 358.70 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range kr 254.40 – kr 692.92 · fair‑value band kr 269.02 – kr 448.37 · the kr 390.00 price screens above the kr 358.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Flügger group A/S (FLUG-B) currently trades at kr 390.00, while our model-based Fair Value estimate is kr 358.70, implying the stock looks roughly 8.7% fairly valued today. The Quality Score stands at 67/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of kr 671.23 per share, and 13 of the 24 models we run sit above the kr 390.00 price. Bear case: the Asset-Based group reads lowest at kr 187.82, and 11 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Flügger group A/S generated revenue of 2.3B DKK at a net margin of 2.5%. Revenue grew 1.7% year over year. It earns a return on equity of 6.7%. Net debt stands at 499M DKK. Fundamentals as of Sep 5, 2026

Our scenario range runs from kr 269.02 (bear case) to kr 448.37 (bull case); at kr 390.00, 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 3% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at −8%, FLUG-B screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 4 months have passed since. In that time the company retained roughly kr 0.3822 per share, which is 0.1 % 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.

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
FCF DCF kr 734.15 kr 960.84 kr 1,277 80
Growth DCF kr 751.33 kr 963.50 kr 1,243 79
Owner Earnings kr 469.91 kr 617.60 kr 823.52 77
All 24 models by family
DCF Models
FCF DCF kr 734.15 kr 960.84 kr 1,277 80
Owner Earnings kr 469.91 kr 617.60 kr 823.52 77
5Y Revenue Exit kr 471.74 kr 620.52 kr 809.89 73
5Y EBITDA Exit kr 630.88 kr 895.60 kr 1,206 75
5Y P/E Exit kr 431.61 kr 551.16 kr 676.07 71
10Y Revenue Exit kr 571.59 kr 713.44 kr 870.15 67
10Y EBITDA Exit kr 669.15 kr 880.83 kr 1,121 69
10Y P/E Exit kr 556.48 kr 671.23 kr 785.43 64
Earnings-Based
Graham-Dodd kr 143.48 kr 278.52 kr 348.15 63
EPV kr 206.31 kr 237.73 kr 263.92 72
Dividend Discount
Gordon GGM kr 156.12 kr 205.98 kr 251.49 67
DDM Multi-Stage kr 156.12 kr 205.98 kr 257.27 65
Multiples
P/E Multiple kr 269.02 kr 358.70 kr 448.37 61
P/S Multiple kr 269.02 kr 358.70 kr 448.37 56
P/B Multiple kr 269.02 kr 358.70 kr 448.37 53
EV/EBIT kr 352.17 kr 477.60 kr 603.02 64
EV/EBITDA kr 644.05 kr 866.77 kr 1,090 66
EV/Revenue kr 302.00 kr 441.76 kr 581.52 52
Asset-Based
NCAV (Graham) kr 140.16 kr 187.82 kr 280.33 52
Growth DCF
Growth DCF kr 751.33 kr 963.50 kr 1,243 79
Rev-Margin DCF kr 471.74 kr 636.80 kr 828.64 73
Economic Profit
Residual Income kr 219.78 kr 230.61 kr 237.70 75
ROIC Compounder kr 206.31 kr 237.73 kr 263.92 71
Growth Earnings
Growth-Adj P/E kr 195.63 kr 279.47 kr 363.31 66

Widest divergence: DCF Models (kr 671.23) versus Asset-Based (kr 187.82). Highest evidence: FCF DCF (80).

Notify me when FLUG-B reaches fair value

Put FLUG-B on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 18.5 as of May 31, 2026
P/S ratio 0.51 P/E × margin
EPS (TTM) kr 19.30 price ÷ EPS = P/E 18.5
Dividend yield 5.1% payout 104%
Net margin 2.7% FY2026
Return on equity 6.7% TTM
More key figures
Profitability
Return on assets (EBIT) 4.8% avg 5y
Operating margin 11.2% TTM
Growth
Revenue (TTM) 2.3B DKK TTM
Revenue growth (YoY) +1.7% 3y avg −3.2%
EPS growth (YoY) −1.2%
Balance sheet & cash flow
Free cash flow 264M DKK FY2026
Net debt 499M DKK FY2026 · ≈ 1.9 yrs of FCF

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 68 · Market factors (momentum, volatility) 69

Profitability 58
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 83
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.

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

Flügger group A/S designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Full company description

Flügger group A/S designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools. It offers water-based interior and exterior paints and primers, fillers, wood stain and wallpaper adhesive, wall coverings, paintbrushes, bristles, brushes, rollers, and cleaning products, as well as plastic handles for brushes, rollers, and filling knives. Flügger group A/S markets and sells its products under the Flügger, Yunik, Unicell Nordic, PP professional paint, DETALE CPH, Stiwex, and Fiona brand names to painters, paint shops, stores, and DIY-centers through local distributors, as well as through online. The company was founded in 1783 and is headquartered in Rødovre, Denmark.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Flügger group A/S reported revenue of 2.3B DKK in FY2026 versus 2.3B DKK in FY2022, a compound −0.1%/yr. Reported net income was 63.0M DKK in FY2026, compounding +70.4%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
2.3B DKK
Latest YoY
+1.8%
Avg. revenue 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.
−3.2%
Avg. revenue 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.
+1.4%
Avg. revenue growth/yr (18Y) 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.
+2.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +6.1% (approximate, leans on 2026) · in DKK
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+1.0%
Dividend yield5.1%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 1.0% vs 10Y 7.7%, flattening
Operating margin (EBIT) 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.10.6% (2021) → 4.6% (2026) · falling
Worst earnings drop103% (2023) (loss year, drop beyond 100%) · in DKK
⚠ Rate leans on 2026: that final year sits 103% above its own trend (e.g. a one-off disposal gain) and could not be adjusted
Revenue −0.1%/yr
FY22 2.3B DKK
FY23 2.6B DKK
FY24 2.2B DKK
FY25 2.3B DKK
FY26 2.3B DKK
Net income +70.4%/yr
FY22 7.5M DKK
FY23 −4.0M DKK
FY24 4.2M DKK
FY25 58.0M DKK
FY26 63.0M DKK
Character of growth · EPS growth decomposed (2015-2026) +2.6 % p.a.
Revenue per share +1.9 %

of which total revenue +2.3 % · buybacks/dilution −0.4 %

EBIT margin +6.0 %
Tax rate −1.0 %
Residual (interest, one-offs) −4.1 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

Watch FLUG-B: get an alert when its fair value changes →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

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). "Flügger group A/S Fair Value". https://www.fairvalue-calculator.com/stock/FLUG-B

Peer Group

Specialty Chemicals · 695 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 67 · Top 25%
Fair Value upside −8% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) −3% · Bottom 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 5.1% · Top 25%
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 18.5× · Cheaper than median
P/B 1.50× · Cheaper than median
P/S (TTM) 0.54× · Cheaper than median
P/FCF 0.7× · Cheaper than median
EV/EBITDA 8.1× · Cheaper than median
PEG 3.19× · Pricier than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE23 · sector 0
FUTURE10 · sector 20
PAST31 · sector 23
HEALTH94 · sector 95
DIVIDEND100 · sector 28

Insider activity: 45/100

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $485.35 $222.03 −54%
The Sherwin-Williams Company SHW $344.86 $143.38 −58%
Ecolab Inc ECL $286.75 $96.18 −66%
Air Products and Chemicals, Inc APD $308.09 $122.14 −60%
Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
Wanhua Chemical Group 600309 ¥77.66 ¥68.03 −12%
500820 500820 ₹2,757 ₹557.43 −80%
Novozymes A/S NSISB kr 456.40 kr 169.99 −63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
PPG Industries, Inc PPG $114.22 $71.31 −38%

Compare Flügger group A/S with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Flügger group A/S (FLUG-B) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of kr 358.70 versus a price of kr 390.00, about −8% upside (fairly valued).
What is the fair value of FLUG-B?
Our model-based fair value for Flügger group A/S is kr 358.70 (as of Sep 5, 2026), built from audited fundamentals. The current price: kr 390.00.
What is the quality score of FLUG-B?
Flügger group A/S has a Quality Score of 67/100. 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 Flügger group A/S (FLUG-B)?
Flügger group A/S reported trailing-twelve-month revenue of about 2.3B DKK (latest available figure, as of Sep 5, 2026).
What is the net profit margin of FLUG-B?
The net profit margin of Flügger group A/S is about 2.5%, meaning it keeps roughly 2.5% of revenue as net income. Based on the latest reported figures.
Does Flügger group A/S pay a dividend?
Flügger group A/S currently shows a dividend yield of about 5.13% relative to its recent price (as of Sep 5, 2026).
Free · no account needed

Watch Flügger group A/S in the live analysis

One click puts Flügger group A/S on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.