FM Mattsson Mora Group AB (publ) (FMM-B) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of FM Mattsson Mora Group AB (publ) stock SEK 88.02, price SEK 121, upside -27.0%, quality 75 out of 100. Rating: 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
60‑month range kr 41.25 – kr 123.00 · fair‑value band kr 66.02 – kr 110.03 · the kr 120.50 price screens above the kr 88.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
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FM Mattsson AB (publ) develops, manufactures, and sells water taps and related products for bathrooms and kitchens in Sweden, Norway, Denmark, Finland, Benelux, the United Kingdom, Germany, Italy, and internationally.
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The company offers products under the FM Mattsson, Mora Armatur, Damixa, Hotbath, Aqualla, and Adamsez brands. It serves real estate companies and public sectors. The company was formerly known as FM Mattsson Mora Group AB (publ) and changed its name to FM Mattsson AB (publ) in 2022.
FM Mattsson AB (publ) was founded in 1865 and is headquartered in Mora, Sweden.
Stock analysis
FM Mattsson Mora Group AB (publ) (FMM-B) currently trades at kr 120.50, while our model-based Fair Value estimate is kr 88.02, 27.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 94.28 per share, and 0 of the 24 models we run sit above the kr 120.50 price.
Bear case: the Asset-Based group reads lowest at kr 8.92, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 66.02 (bear) to kr 110.03 (bull), the price of kr 120.50 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 75/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
FM Mattsson Mora Group AB (publ) reported revenue of 2.0B SEK in FY2025 versus 1.8B SEK in FY2021, a compound +1.9%/yr. Reported net income was 145M SEK in FY2025, compounding −11.6%/yr from FY2021.
Key figures
Market cap 5.1B SEK (≈ $514M) Small · P/E ratio 29.7 · P/S ratio 2.50 · EPS (TTM) kr 4.03 · Dividend yield 2.1% · Net margin 8.4% · Return on equity 16.3% · Return on assets (EBIT) 12.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 126% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −17% fair-value upside, at −27%, FMM-B screens richer than that median.
Fair Value models
Bearkr 66.02Fair Value kr 88.02Bullkr 110.03
Price kr 120.50 · Upside -27.0%
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 1.23 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.74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.7%
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.
+5.1%
Start year 2020 (pandemic). Over 10 years: +5.9% 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.
+6.6%
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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.
+12.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.2%
Dividend (yield on the price)2.1%
Pace: 5 vs 10 years ⓘ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.10.2% vs 8.4%, steady
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.9% → 10%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+12.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +9.9% a year for the price.
Compare FM Mattsson Mora Group AB (publ) with another stock
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.Building Products & Equipment · 258 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside−27.0% · Below median
Profitability
Return on equity (12 months)16.3% · Top 25%
Return on assets7.9% · Top 25%
Net margin (12 months)8.4% · Above median
Operating margin (12 months)14.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)10.2% · Above median
Dividend yield (12 months)2.1% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/E (12 months)29.7× · Pricier than median
P/B4.76× · Priciest 25%
P/S (12 months)2.50× · Priciest 25%
Price / free cash flow23.6× · Pricier than median
EV/EBITDA17.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)51· sector 19
PAST (return on equity)65· sector 23
HEALTH (low debt)98· sector 95
DIVIDEND (yield)41· sector 43
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). "FM Mattsson Mora Group AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/FMM-B
Frequently asked questions
Is FM Mattsson Mora Group AB (publ) (FMM-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 88.02 versus a price of kr 120.50, about −27% upside (overvalued).
What is the fair value of FMM-B?
Our model-based fair value for FM Mattsson Mora Group AB (publ) is kr 88.02 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 120.50.
What is the quality score of FMM-B?
FM Mattsson Mora Group AB (publ) has a Quality Score of 75/100. 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 FM Mattsson Mora Group AB (publ) (FMM-B)?
Our model-based price target is the fair value of kr 88.02 (as of Oct 13, 2026) from 24 valuation models. Cautious scenario kr 66.02, optimistic scenario kr 110.03. It is a calculation from audited fundamentals, not an analyst target.
What is the FM Mattsson Mora Group AB (publ) stock forecast for 2026?
Our models put fair value at kr 88.02, about −27% upside versus a price of kr 120.50 (overvalued). Cautious scenario kr 66.02, optimistic scenario kr 110.03. The calculation is refreshed regularly with new filings.
What is the revenue of FM Mattsson Mora Group AB (publ) (FMM-B)?
FM Mattsson Mora Group AB (publ) reported trailing-twelve-month revenue of about 2.0B SEK (latest available figure, as of Oct 13, 2026).
Does FM Mattsson Mora Group AB (publ) pay a dividend?
FM Mattsson Mora Group AB (publ) currently shows a dividend yield of 2.07% relative to its recent price (as of Oct 13, 2026).
What growth is priced into FM Mattsson Mora Group AB (publ) (FMM-B)?
For today's price to be fair in a discounted-cash-flow model, FM Mattsson Mora Group AB (publ) would have to grow free cash flow by +12.0 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.1 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of FMM-B use?
Our models discount FM Mattsson Mora Group AB (publ) at 9.8 %: a base by market capitalisation (small), damped by beta 0.55, 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 FM Mattsson Mora Group AB (publ) that is +12.0 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has FM Mattsson Mora Group AB (publ) (FMM-B) delivered so far?
Over the past 5 years revenue at FM Mattsson Mora Group AB (publ) grew +5.1 % a year. The price currently implies +12.0 % 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 FM Mattsson Mora Group AB (publ) (FMM-B) growing?
The median revenue growth in the sector is +4.3 % a year. That is the yardstick for the growth priced into FM Mattsson Mora Group AB (publ) (+12.0 % 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 FM Mattsson Mora Group AB (publ) (FMM-B)?
The free-cash-flow yield on the price is 4.24 %: that much free cash flow FM Mattsson Mora Group AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FM Mattsson Mora Group AB (publ) (FMM-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FM Mattsson Mora Group AB (publ) it is kr 88.02 per share (as of Oct 13, 2026), against a price of kr 120.50. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is FM Mattsson Mora Group AB (publ) stock overvalued or undervalued in 2026?
As of Oct 13, 2026, FMM-B trades above its calculated fair value: price kr 120.50, fair value kr 88.02, a gap of about −27% (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 FMM-B?
No. The price is what the market pays today (kr 120.50); the fair value is what the company's own numbers justify (kr 88.02). For FM Mattsson Mora Group AB (publ) the two are kr 32.48 per share apart. That gap is exactly why we show both numbers side by side.
How much is FM Mattsson Mora Group AB (publ) worth?
The market values FM Mattsson Mora Group AB (publ) at about 5.1B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 120.50; our models calculate a fair value of kr 88.02 per share.
What do the bullish and bearish scenarios say about FMM-B?
Our models span a range for FM Mattsson Mora Group AB (publ): cautious scenario kr 66.02, base kr 88.02, optimistic kr 110.03 per share (as of Oct 13, 2026, price kr 120.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FMM-B?
FM Mattsson Mora Group AB (publ) trades at a price-to-earnings ratio of 29.7 (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 88.02 is built from several models across several years. Other multiples: P/B 4.8, P/S 2.5, EV/EBITDA 17.6.
How solid is the balance sheet of FM Mattsson Mora Group AB (publ) (FMM-B)?
Balance-sheet figures for FM Mattsson Mora Group AB (publ) (as of Oct 13, 2026): return on equity 16.3%, debt of 0.03 per unit of equity. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is FMM-B from its 52-week high?
FM Mattsson Mora Group AB (publ) trades at kr 120.50, about 2% below its 52-week high of kr 123.00 and 126% above the low of kr 53.24 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of kr 88.02 is for.
Which stocks are comparable to FM Mattsson Mora Group AB (publ)?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 FM Mattsson Mora Group AB (publ) stock attractive at the current price?
The data as of Oct 13, 2026: price kr 120.50, calculated fair value kr 88.02 (−27%), Quality Score 75/100, 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 FMM-B calculated?
We run FM Mattsson Mora Group AB (publ) 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 88.02, 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. FM Mattsson Mora Group AB (publ) 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 FM Mattsson Mora Group AB (publ) (FMM-B)?
The closing price on Oct 20, 2026 was kr 120.50. Our model-based fair value is kr 88.02, about −27% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FM Mattsson Mora Group AB (publ) right now?
A high-quality business (quality 75/100), 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 110.03). The favourable scenario is already priced in.
Where does the earnings growth of FM Mattsson Mora Group AB (publ) (FMM-B) come from?
Earnings per share at FM Mattsson Mora Group AB (publ) grew +10.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.3 %, EBIT margin +3.2 %, tax rate −0.1 %, residual (interest, one-offs) +0.4 %. 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 FM Mattsson Mora Group AB (publ)
How large is the market capitalisation of FM Mattsson Mora Group AB (publ) (FMM-B)?
The market capitalisation of FM Mattsson Mora Group AB (publ) is 5.1B SEK (≈ $514M). 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 FM Mattsson Mora Group AB (publ) (FMM-B)?
The price-to-sales ratio of FM Mattsson Mora Group AB (publ) is 2.50 (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 FM Mattsson Mora Group AB (publ) (FMM-B)?
Earnings per share at FM Mattsson Mora Group AB (publ) are kr 4.03 (price ÷ EPS = P/E 29.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FM Mattsson Mora Group AB (publ) (FMM-B)?
The dividend yield of FM Mattsson Mora Group AB (publ) is 2.1% (payout 62.0%). 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 FM Mattsson Mora Group AB (publ) (FMM-B)?
The net margin of FM Mattsson Mora Group AB (publ) is 8.4% (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 FM Mattsson Mora Group AB (publ) (FMM-B)?
The return on equity (ROE) of FM Mattsson Mora Group AB (publ) 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 FM Mattsson Mora Group AB (publ) (FMM-B)?
On an EBIT basis the return on assets of FM Mattsson Mora Group AB (publ) is 12.4% (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 FM Mattsson Mora Group AB (publ) (FMM-B)?
The operating margin of FM Mattsson Mora Group AB (publ) is 14.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FM Mattsson Mora Group AB (publ) (FMM-B)?
Revenue at FM Mattsson Mora Group AB (publ) is growing +10.2% 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 FM Mattsson Mora Group AB (publ) (FMM-B)?
Earnings per share at FM Mattsson Mora Group AB (publ) are growing +127% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does FM Mattsson Mora Group AB (publ) (FMM-B) hold?
FM Mattsson Mora Group AB (publ) holds more cash than debt, 159M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 13, 2026