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Rederiaktiebolaget Gotland (publ), (GOTL-A) Fair Value & Analysis

Industrials · SE · Market cap 7.0B SEK (≈ $730M) · ISIN SE0000105371

What is Rederiaktiebolaget Gotland (publ), really worth?

RG Rederiaktiebolaget Gotland (publ), GOTL-A · ST
Pricekr 264.00
Fair Valuekr 120.12
Upside−54.5%
Quality43/100

Below-average quality, and trading another 120% above our fair value of kr 120.12.

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Risks

!Mixed Growth (revenue 5y +14.9 %/yr)
!Loss-making · -0.2% net margin
!Low debt · negative free cash flow
!Trails peers (4/12)
!Narrow moat 18/100
!Evidence only low, so the estimate is less certain
!Weak on future: 11 out of 100
Evidence: Low Range kr 97.50 – kr 142.74

Fair value as of: Aug 27, 2026

From 6 valuation models · updated 8 days ago

Fair value updated Aug 27, 2026, revised from kr 60.06 to kr 120.12 (+100.0%) since Aug 25, 2026.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (kr 142.74). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (4 years)

kr 288.00 kr 15.64 Fair Value kr 120.12 Dec 2022 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

45‑month range kr 15.64 – kr 288.00 · fair‑value band kr 97.50 – kr 142.74 · the kr 264.00 price screens above the kr 120.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Rederiaktiebolaget Gotland (publ), (GOTL-A) currently trades at kr 264.00, while our model-based Fair Value estimate is kr 120.12, implying the stock looks roughly 119.8% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Industrials sector. Bull case: the Asset-Based group reads highest at a median of kr 198.76 per share, and 1 of the 6 models we run sit above the kr 264.00 price. Bear case: the Earnings-Based group reads lowest at kr 28.83, and 5 of the 6 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Rederiaktiebolaget Gotland (publ), generated revenue of 3.8B SEK at a net margin of −0.2%. Revenue grew 2.1% year over year. It earns a return on equity of −0.1%. The balance sheet holds a net cash position of 269M SEK. Fundamentals as of Aug 27, 2026

Our scenario range runs from kr 97.50 (bear case) to kr 142.74 (bull case); at kr 264.00, 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. For context, the median of 10 Industrials peers we cover trades at 42% fair-value upside, at −55%, GOTL-A screens richer than that median.

Fair Value models

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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (kr 28.83 to kr 368.37). Read the values as a conservative anchor, not as a price target.
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
EPV best evidence kr 26.92 kr 28.83 kr 30.48 74
ROIC Compounder kr 26.92 kr 28.83 kr 30.48 72
EV/EBITDA kr 279.99 kr 368.37 kr 456.76 67
All 6 models by family
Earnings-Based
EPV best evidence kr 26.92 kr 28.83 kr 30.48 74
Multiples
EV/EBIT kr 48.75 kr 60.06 kr 71.37 66
EV/EBITDA kr 279.99 kr 368.37 kr 456.76 67
EV/Revenue kr 39.04 kr 49.42 kr 59.79 54
Asset-Based
NCAV (Graham) kr 148.33 kr 198.76 kr 296.66 54
Economic Profit
ROIC Compounder kr 26.92 kr 28.83 kr 30.48 72

Widest divergence: Asset-Based (kr 198.76) versus Earnings-Based (kr 28.83). Highest evidence: EPV (74).

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Key figures & financial health

P/S ratio 1.86 TTM
EPS (TTM) kr −0.2400
Net margin −2.3% FY2025
Return on equity −0.1% TTM
Return on assets (EBIT) 2.1% avg 5y
Operating margin −28.0% TTM
More key figures
Growth
Revenue (TTM) 3.8B SEK TTM
Revenue growth (YoY) +2.1% 3y avg +9.0%
EPS growth (YoY) +34.9%
Balance sheet & cash flow
Free cash flow −314M SEK FY2025
Net cash 269M SEK FY2025

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 44 · Market factors (momentum, volatility) 83

Profitability 13
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 92
Distance to the 52-week high (market factor)
Net Issuance 81
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

Rederiaktiebolaget Gotland (publ), together with its subsidiaries, operates as a passenger shipping company in Sweden. The company owns and operates a fleet of vessels; develops and operates maritime passenger and cargo traffic; owns, runs, manages, and develops hotels and housing, as well as commercial and rental properties; and develops, markets, and …

Full company description

Rederiaktiebolaget Gotland (publ), together with its subsidiaries, operates as a passenger shipping company in Sweden. The company owns and operates a fleet of vessels; develops and operates maritime passenger and cargo traffic; owns, runs, manages, and develops hotels and housing, as well as commercial and rental properties; and develops, markets, and packages travel incentives. It also owns, designs, and develops passenger and cargo ships for charter and sale, as well as invests in new technology and fossil-free energy solutions for maritime transportation. The company was founded in 1865 and is headquartered in Visby, Sweden. Rederiaktiebolaget Gotland (publ) operates as a subsidiary of Trojaborg AB.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rederiaktiebolaget Gotland (publ), reported revenue of 3.7B SEK in FY2025 versus 2.3B SEK in FY2021, a compound +13.1%/yr. Reported net income was −87.3M SEK in FY2025.

Growth Quality 30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.7B SEK
Latest YoY
+42.8%
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.
+9.0%
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.
+14.9%
Avg. revenue growth/yr (24Y) 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.
+5.5%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +13.1%/yr
FY21 2.3B SEK
FY22 2.9B SEK
FY23 2.3B SEK
FY24 2.6B SEK
FY25 3.7B SEK
Net income
FY21 115M SEK
FY22 277M SEK
FY23 405M SEK
FY24 375M SEK
FY25 −87.3M SEK

GOTL-A screens 120% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

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Cite: Fair Value Calculator (2026). "Rederiaktiebolaget Gotland (publ), Fair Value". https://www.fairvalue-calculator.com/stock/GOTL-A

Peer Group

Marine Shipping · 232 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 43 · Bottom 25%
Fair Value upside −55% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) −28% · Bottom 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/B 0.14× · Cheaper than 75% of peers
P/S (TTM) 0.19× · Cheaper than 75% of peers
EV/EBITDA 1.0× · Cheaper 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
VALUE0 · sector 32
FUTURE11 · sector 24
PAST0 · sector 28
HEALTH100 · sector 89
DIVIDEND0 · sector 53

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

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,714 ₹1,041 −39%
A.P. Møller - Mærsk A/S MAERSKA kr 20,820 kr 20,145 −3%
532921 532921 ₹1,697 ₹1,305 −23%
COSCO SHIPPING Holdings 601919 ¥16.06 ¥49.90 +211%
Hapag-Lloyd Aktiengesellschaft, HLAG €132.80 €88.00 −34%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.15 +19%
HMM Co 011200 21,450 KRW 33,795 KRW +58%
Orient Overseas (International) Limited 0316 HK$166.90 HK$237.61 +42%
Ningbo Zhoushan Port Company 601018 ¥3.39 ¥5.58 +65%
Qingdao Port International Co 601298 ¥8.69 ¥15.97 +84%

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Frequently asked questions

Is Rederiaktiebolaget Gotland (publ), (GOTL-A) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of kr 120.12 versus a price of kr 264.00, about −55% upside (overvalued).
What is the fair value of GOTL-A?
Our model-based fair value for Rederiaktiebolaget Gotland (publ), is kr 120.12 (as of Aug 27, 2026), built from audited fundamentals. The current price: kr 264.00.
What is the quality score of GOTL-A?
Rederiaktiebolaget Gotland (publ), has a Quality Score of 43/100. 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 Rederiaktiebolaget Gotland (publ), (GOTL-A)?
Rederiaktiebolaget Gotland (publ), reported trailing-twelve-month revenue of about 3.8B SEK (latest available figure, as of Aug 27, 2026).
What is the net profit margin of GOTL-A?
The net profit margin of Rederiaktiebolaget Gotland (publ), is about −0.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
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