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Ferronordic AB (FNM) Fair Value & Analysis

Industrials · SE · Market cap 959M SEK

FA Ferronordic AB FNM · ST
Pricekr 62.60
Fair Valuekr 404.41
Upside+546.0%
Quality95/100
Evidence: Low Range kr 303.30 – kr 505.51

Fair value as of: Jun 24, 2026

From 15 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from kr 534.47 to kr 404.41 (−24.3%) since Jun 23, 2026. Share price +18.7% over the past month.

Price vs Fair Value (12 months)

kr 68.84 kr 40.76 Fair Value kr 404.41 Jun 2025 Jun 2026

12‑month range kr 40.76 – kr 68.84 · fair‑value band kr 303.30 – kr 505.51 · the kr 62.60 price screens below the kr 404.41 fair value. As of Jun 24, 2026.

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Analysis

Ferronordic AB (FNM) currently trades at kr 62.60, while our model-based Fair Value estimate is kr 404.41 — implying the stock looks roughly 546.0% undervalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Over the trailing twelve months, Ferronordic AB generated revenue of 4.5B SEK at a net margin of -0.4%. Revenue declined 6.5% year over year. It earns a return on equity of -1.3%. Net debt stands at 1.7B SEK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 4.5B SEK
Revenue growth (YoY) -6.5%
Net margin -0.4%
Return on equity -1.3%
Free cash flow 642M SEK FY2025
Operating margin 3.2%
More key figures
EPS (TTM) kr -1.16
EPS growth (YoY) +58.8%
Net debt 1.7B SEK FY2025

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

About the company

Ferronordic AB (publ), together with its subsidiaries, operates as a dealer for new and used construction equipment and trucks in the United States, Germany, and Kazakhstan. The company also distributes excavators, wheel loaders, and mining machinery; mobile crushers and screens; telescopic and lattice boom cranes; backhoe loaders, compact wheel loaders, and other compact machines; haulers; wheeled and crawler excavators, and material handlers; and pavers, rollers, asphalt, and concrete mixing plants. In addition, the company engages in the rental, service, repair, and rebuilding of construction equipment, trucks, and associated equipment. Further, it provides technical support; consultancy services, such as machine operator training; aftermarket services and sales, including maintenance, diagnostics, overhauls, and spare parts sales; contracting; and other professional services. The company's brand portfolio includes Volvo Construction Equipment, Sandvik, Link-Belt Cranes, Hitachi …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ferronordic AB reported revenue of kr 4.6B in FY2025 versus kr 6.2B in FY2021, a compound −7.4%/yr. Reported net income was −kr 199M in FY2025.

Revenue −7.4%/yr
FY21 kr 6.2B
FY22 kr 2.0B
FY23 kr 2.9B
FY24 kr 4.7B
FY25 kr 4.6B
Net income
FY21 kr 339M
FY22 kr 197M
FY23 −kr 107M
FY24 −kr 89.0M
FY25 −kr 199M

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Similar stocks

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

Stock Price Fair Value vs Fair Value
W.W. Grainger, Inc GWW $1,318 $423.65 -68%
Fastenal Company FAST $47.16 $15.46 -67%
Ferguson Enterprises Inc FERG $237.28 $149.65 -37%
WESCO International, Inc WCC $334.19 $117.47 -65%
Watsco, Inc WSOB $350.00 $222.48 -36%
Toromont Industries Ltd TMTNY $32.93 $17.32 -47%

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Frequently asked questions

Is Ferronordic AB (FNM) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 404.41 versus a price of kr 62.60 — about +546% (undervalued). Model-based estimate, not financial advice.
What is the fair value of FNM?
Our 21-model fair value for Ferronordic AB is kr 404.41 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 62.60.
What is the quality score of FNM?
Ferronordic AB has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ferronordic AB (FNM)?
Ferronordic AB reported trailing-twelve-month revenue of about 4.5B SEK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of FNM?
The net profit margin of Ferronordic AB is about -0.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.