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Garo Aktiebolag (publ), (GARO) Fair Value & Analysis

Industrials · SE · Market cap 568M SEK

GA Garo Aktiebolag (publ), GARO · ST
Pricekr 11.80
Fair Valuekr 6.57
Upside-44.3%
Quality57/100
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Weak Growth
Loss-making · -3.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/12)
Narrow moat 18/100
Evidence: Medium Range kr 3.73 – kr 9.41 Share as image

Fair value as of: Jul 17, 2026

From 11 valuation models · updated 24 days ago

Share price +3.9% over the past month.

A solid business, but screening 44% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 9.41). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 3.73 to kr 9.41) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 240.65 kr 10.86 Fair Value kr 6.57 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range kr 10.86 – kr 240.65 · fair‑value band kr 3.73 – kr 9.41 · the kr 11.80 price screens above the kr 6.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

Garo Aktiebolag (publ), (GARO) currently trades at kr 11.80, while our model-based Fair Value estimate is kr 6.57, implying the stock looks roughly 44.3% overvalued today. The Quality Score stands at 57/100 (solid 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: medium).

Over the trailing twelve months, Garo Aktiebolag (publ), generated revenue of 1.0B SEK at a net margin of -3.4%. Revenue declined 6.4% year over year. It earns a return on equity of -6.6%. Net debt stands at 240M SEK. Fundamentals as of Jul 17, 2026

Our scenario range runs from kr 3.73 (bear case) to kr 9.41 (bull case); at kr 11.80, the current price sits above 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 48% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -44%, GARO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth DCF kr 9.61 kr 12.49 kr 15.88 80
Rev-Margin DCF kr 9.26 kr 13.75 kr 18.53 74
EV/EBITDA kr 8.57 kr 11.41 kr 14.25 54
All 11 models by family
DCF Models
FCF DCF kr 9.44 kr 12.58 kr 16.43 38
Owner Earnings kr 5.65 kr 7.52 kr 9.82 31
5Y Revenue Exit kr 9.26 kr 13.62 kr 18.92 39
5Y EBITDA Exit kr 8.29 kr 11.91 kr 15.86 41
10Y Revenue Exit kr 9.02 kr 12.67 kr 17.07 36
10Y EBITDA Exit kr 8.70 kr 11.62 kr 15.05 37
Multiples
EV/EBITDA kr 8.57 kr 11.41 kr 14.25 54
EV/Revenue kr 9.79 kr 13.96 kr 18.13 43
Asset-Based
NCAV (Graham) kr 5.29 kr 7.09 kr 10.59 50
Growth DCF
Growth DCF kr 9.61 kr 12.49 kr 15.88 80
Rev-Margin DCF kr 9.26 kr 13.75 kr 18.53 74

Widest divergence: Growth DCF (kr 12.49) versus Asset-Based (kr 7.09). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.0B SEK
Revenue growth (YoY) -7.1%
Net margin -3.4%
Return on equity -6.6%
Free cash flow 53.5M SEK FY2025
Operating margin -5.4%
More key figures
EPS (TTM) kr -0.7000
EPS growth (YoY) -98.6%
Net debt 240M SEK FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 19

Profitability 20
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

Garo Aktiebolag (publ), together with its subsidiaries, develops, manufactures, and markets electrical installation materials in Sweden, Norway, Ireland, the United Kingdom, Finland, Denmark, Austria, Poland, Belgium, and internationally.

Full company description

Garo Aktiebolag (publ), together with its subsidiaries, develops, manufactures, and markets electrical installation materials in Sweden, Norway, Ireland, the United Kingdom, Finland, Denmark, Austria, Poland, Belgium, and internationally. The company's E-mobility business markets destination charging for electric cars, chargeable hybrid cars, and heavy electrically driven vehicle traffic, which offers wall boxes, public charging poles, fast chargers, cable cabinets for power supply, load balancing, programming, metering, and software service. Its electrification business develops and produces electrical installers, including distribution cabinets containing media, control and metering, exterior facades, and ground meter cabinets primarily to property owners, construction companies, housing manufacturers, municipalities, other public operations, and rental companies in the construction sector; and standard components, connectors, smart engine heater outlets, and electric posts for camping and marinas. In addition, the company offers lighting and charging posts for campsites and camping facilities; G-Cloud, a web-based metering collection service; and energy meters. Garo Aktiebolag (publ) was founded in 1939 and is headquartered in Gnosjö, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Garo Aktiebolag (publ), reported revenue of kr 1.0B in FY2025 versus kr 1.3B in FY2021, a compound −5.3%/yr. Reported net income was −kr 17.5M in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.0B SEK
Latest YoY
−9.4%
Avg. 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.
−9.1%
Avg. 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.
+0.1%
Avg. growth/yr (12Y) 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.
+8.7%
Revenue −5.3%/yr
FY21 kr 1.3B
FY22 kr 1.4B
FY23 kr 1.4B
FY24 kr 1.2B
FY25 kr 1.0B
Net income
FY21 kr 167M
FY22 kr 121M
FY23 kr 31.3M
FY24 −kr 60.1M
FY25 −kr 17.5M

GARO screens 44% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Garo Aktiebolag (publ), Fair Value". https://www.fairvalue-calculator.com/stock/GARO

Peer Group

Electrical Equipment & Parts · 526 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 57 · Above median
Fair Value upside −44% · Above median
Return on assets 2% · Below median
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -5% · Bottom 25%
Revenue growth -7% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/B 0.11× · Cheaper than 75% of peers
P/S (TTM) 0.06× · Cheaper than 75% of peers
P/FCF 1.1× · Cheaper than median
EV/EBITDA 1.2× · Cheaper than 75% of peers

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.

VALUE 0 · sector 0
FUTURE 0 · sector 57
PAST 0 · sector 26
HEALTH 99 · sector 97
DIVIDEND 0 · sector 18

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Garo Aktiebolag (publ), (GARO) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of kr 6.57 versus a price of kr 11.80, about −44% (overvalued).
What is the fair value of GARO?
Our model-based fair value for Garo Aktiebolag (publ), is kr 6.57 (as of Jul 17, 2026), built from audited fundamentals. The current price is kr 11.80.
What is the quality score of GARO?
Garo Aktiebolag (publ), has a Quality Score of 57/100. 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 Garo Aktiebolag (publ), (GARO)?
Garo Aktiebolag (publ), reported trailing-twelve-month revenue of about 1.0B SEK (latest available figure, as of Jul 17, 2026).
What is the net profit margin of GARO?
The net profit margin of Garo Aktiebolag (publ), is about -3.4%, 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.

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