Fenix Outdoor International AG (FOI-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Fenix Outdoor International AG stock SEK 242, price SEK 300, upside -19.1%, quality 59 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 275.50 – kr 1,355 · the kr 299.50 price screens above the kr 242.27 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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Fenix Outdoor International AG, together with its subsidiaries, develops and markets outdoor products worldwide. The company operates through three segments: Brands, Global Sales, and Frilufts. It offers apparel, daypacks, backpacks, sleeping bags, tents, bags, outdoor shoes, and boots.
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The company also operates outdoor retail chains; brand retail shops; and e-commerce business. It sells its products under the Fjällräven, Hanwag, Royal Robbins, Devold, and Tierra brand names. Fenix Outdoor International AG was founded in 1960 and is based in Zug, Switzerland.
Stock analysis
Fenix Outdoor International AG (FOI-B) currently trades at kr 299.50, while our model-based Fair Value estimate is kr 242.27, 19.1% 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 567.69 per share, and 13 of the 24 models we run sit above the kr 299.50 price.
Bear case: the Earnings-Based group reads lowest at kr 37.77, and 11 of the 24 models stay below the price. Data coverage for this calculation is high.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Fenix Outdoor International AG reported revenue of €695M in FY2025 versus €650M in FY2021, a compound +1.7%/yr. Reported net income was €4.8M in FY2025, compounding −46.0%/yr from FY2021.
Key figures
Market cap 4.0B SEK (≈ $406M) Small · P/E ratio 147.5 · P/S ratio 1.01 · EPS (TTM) kr 2.03 · Dividend yield 10.0% · Net margin 0.7% · Return on equity 1.9% · Return on assets (EBIT) 8.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (medium confidence).
What moves the price
The share trades about 43% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 9% fair-value upside, at −19%, FOI-B screens richer than that median.
Fair Value models
Bearkr 242.27Fair Value kr 242.27Bullkr 242.27
Price kr 299.50 · Upside -19.1%
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.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+1.3%
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.
−2.9%
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.
+4.3%
Start year 2020 (pandemic). Over 10 years: +4.4% a year
Revenue growth 17 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.
+12.9%
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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.
−29.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−39.0%
Dividend (yield on the price)10.0%
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.−39.0% vs −16.3%, slowing
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.11% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−1.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −3.3% a year for the price.
Compare Fenix Outdoor International AG with another stock
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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.Specialty Retail · 199 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−19.1% · Below median
Profitability
Return on equity (12 months)1.9% · Below median
Return on assets0.7% · Below median
Net margin (12 months)1.0% · Below median
Operating margin (12 months)−8.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−3.8% · Bottom 25%
Dividend yield (12 months)10.0% · Top 25%
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Specialty Retail median · lower = cheaper
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). "Fenix Outdoor International AG Fair Value". https://www.fairvalue-calculator.com/stock/FOI-B
Frequently asked questions
Is Fenix Outdoor International AG (FOI-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 242.27 versus a price of kr 299.50, about −19% upside (overvalued).
What is the fair value of FOI-B?
Our model-based fair value for Fenix Outdoor International AG is kr 242.27 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 299.50.
What is the quality score of FOI-B?
Fenix Outdoor International AG has a Quality Score of 59/100. 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 Fenix Outdoor International AG (FOI-B)?
Our model-based price target is the fair value of kr 242.27 (as of Oct 13, 2026) from 24 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Fenix Outdoor International AG stock forecast for 2026?
Our models put fair value at kr 242.27, about −19% upside versus a price of kr 299.50 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Fenix Outdoor International AG (FOI-B)?
Fenix Outdoor International AG reported trailing-twelve-month revenue of about €697M (latest available figure, as of Oct 13, 2026).
Does Fenix Outdoor International AG pay a dividend?
Fenix Outdoor International AG currently shows a dividend yield of 10.02% relative to its recent price (as of Oct 13, 2026).
What growth is priced into Fenix Outdoor International AG (FOI-B)?
For today's price to be fair in a discounted-cash-flow model, Fenix Outdoor International AG would have to grow free cash flow by -1.1 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.3 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of FOI-B use?
Our models discount Fenix Outdoor International AG at 9.6 %: a base by market capitalisation (small), damped by beta 0.35, 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 Fenix Outdoor International AG that is -1.1 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Fenix Outdoor International AG (FOI-B) delivered so far?
Over the past 5 years revenue at Fenix Outdoor International AG grew +4.3 % a year. The price currently implies -1.1 % 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 Fenix Outdoor International AG (FOI-B) growing?
The median revenue growth in the sector is +4.3 % a year. That is the yardstick for the growth priced into Fenix Outdoor International AG (-1.1 % 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 Fenix Outdoor International AG (FOI-B)?
The free-cash-flow yield on the price is 9.34 %: that much free cash flow Fenix Outdoor International AG produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fenix Outdoor International AG (FOI-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fenix Outdoor International AG it is kr 242.27 per share (as of Oct 13, 2026), against a price of kr 299.50. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Fenix Outdoor International AG stock overvalued or undervalued in 2026?
As of Oct 13, 2026, FOI-B trades above its calculated fair value: price kr 299.50, fair value kr 242.27, a gap of about −19% (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 FOI-B?
No. The price is what the market pays today (kr 299.50); the fair value is what the company's own numbers justify (kr 242.27). For Fenix Outdoor International AG the two are kr 57.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fenix Outdoor International AG worth?
The market values Fenix Outdoor International AG at about 4.0B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 299.50; our models calculate a fair value of kr 242.27 per share.
What is the P/E ratio of FOI-B?
Fenix Outdoor International AG trades at a price-to-earnings ratio of 147.5 (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 242.27 is built from several models across several years. Other multiples: P/B 1.1, P/S 0.6, EV/EBITDA 8.2.
How solid is the balance sheet of Fenix Outdoor International AG (FOI-B)?
Balance-sheet figures for Fenix Outdoor International AG (as of Oct 13, 2026): return on equity 1.9%, debt of 0.09 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is FOI-B from its 52-week high?
Fenix Outdoor International AG trades at kr 299.50, about 43% below its 52-week high of kr 529.23 and 9% above the low of kr 275.50 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 242.27 is for.
Which stocks are comparable to Fenix Outdoor International AG?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, Casey's General Stores, Inc, 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 Fenix Outdoor International AG stock attractive at the current price?
The data as of Oct 13, 2026: price kr 299.50, calculated fair value kr 242.27 (−19%), Quality Score 59/100, 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 FOI-B calculated?
We run Fenix Outdoor International AG 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 242.27, 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. Fenix Outdoor International AG 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 Fenix Outdoor International AG (FOI-B)?
The closing price on Oct 19, 2026 was kr 299.50. Our model-based fair value is kr 242.27, about −19% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fenix Outdoor International AG right now?
The price sits above even our optimistic bull case (kr 242.27). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Fenix Outdoor International AG (FOI-B) come from?
Earnings per share at Fenix Outdoor International AG grew −7.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.8 %, EBIT margin −6.7 %, tax rate −4.8 %, residual (interest, one-offs) −2.4 %. 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 Fenix Outdoor International AG
How large is the market capitalisation of Fenix Outdoor International AG (FOI-B)?
The market capitalisation of Fenix Outdoor International AG is 4.0B SEK (≈ $406M). 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 Fenix Outdoor International AG (FOI-B)?
The price-to-sales ratio of Fenix Outdoor International AG is 1.01 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Fenix Outdoor International AG (FOI-B)?
Earnings per share at Fenix Outdoor International AG are kr 2.03 (price ÷ EPS = P/E 147.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fenix Outdoor International AG (FOI-B)?
The dividend yield of Fenix Outdoor International AG is 10.0%. 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 Fenix Outdoor International AG (FOI-B)?
The net margin of Fenix Outdoor International AG is 0.7% (fiscal year 2025). 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 Fenix Outdoor International AG (FOI-B)?
The return on equity (ROE) of Fenix Outdoor International AG is 1.9% (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 Fenix Outdoor International AG (FOI-B)?
On an EBIT basis the return on assets of Fenix Outdoor International AG is 8.4% (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 Fenix Outdoor International AG (FOI-B)?
The operating margin of Fenix Outdoor International AG is −8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fenix Outdoor International AG (FOI-B)?
Revenue at Fenix Outdoor International AG is growing −3.8% versus a year earlier (3y avg −2.9%). 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 Fenix Outdoor International AG (FOI-B)?
Earnings per share at Fenix Outdoor International AG are growing +23.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Fenix Outdoor International AG (FOI-B) carry?
The net debt of Fenix Outdoor International AG is €146M (fiscal year 2025, ≈ 4.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 13, 2026