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GRK Infra Oyj (GRK) Fair Value & Analysis

Industrials · FI · Market cap €769M

GI GRK Infra Oyj GRK · HE
Price€20.95
Fair Value€22.06
Upside+5.3%
Quality69/100
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Healthy Growth
Thin margins · 5.4% net margin
Low debt · generates free cash flow
2.39% dividend yield
Trails peers (5/14)
Moderate moat 56/100
Evidence: High Range €16.55 – €37.86 Share as image

Fair value as of: Jul 16, 2026

From 22 valuation models · updated 25 days ago

Share price +17.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€16.55 to €37.86) leaves room in how you read the outcome.
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Price vs Fair Value (16 months)

€21.60 €8.90 Fair Value €22.06 Apr 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

16‑month range €8.90 – €21.60 · fair‑value band €16.55 – €37.86 · the €20.95 price screens below the €22.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

GRK Infra Oyj (GRK) currently trades at €20.95, while our model-based Fair Value estimate is €22.06, implying the stock looks roughly 5.3% fairly valued today. The Quality Score stands at 69/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, GRK Infra Oyj generated revenue of €810M at a net margin of 5.4%. Revenue declined 35.9% year over year. It earns a return on equity of 29.9%. The stock trades on a trailing P/E of 15.5. Fundamentals as of Jul 16, 2026

Our scenario range runs from €16.55 (bear case) to €37.86 (bull case); at €20.95, the current price sits within 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 near its 52-week high and 91% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 25% fair-value upside, at 5%, GRK screens richer 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 BearBaseBull Evidence
Highest evidence
Growth DCF €50.07 €79.35 €133.22 80
Residual Income €6.07 €8.39 €37.86 76
Rev-Margin DCF €29.18 €46.34 €72.60 74
All 22 models by family
DCF Models
FCF DCF €53.07 €74.85 €139.96 38
5Y Revenue Exit €29.18 €41.32 €65.18 39
5Y P/E Exit €31.73 €53.12 €80.14 38
10Y Revenue Exit €36.35 €57.83 €72.37 36
10Y P/E Exit €38.46 €62.58 €101.79 35
Earnings-Based
Graham-Dodd €7.14 €49.83 €69.92 54
Lynch FV €16.83 €24.04 €31.25 50
PEG = 1.0 €16.83 €24.04 €31.25 46
EPV €13.94 €15.07 €16.00 59
Dividend Discount
Gordon GGM €1.45 €2.62 €3.60 70
DDM Multi-Stage €1.45 €2.39 €2.80 61
Multiples
P/E Multiple €16.55 €22.06 €27.58 63
P/S Multiple €13.40 €17.86 €22.33 58
P/B Multiple €13.40 €17.86 €22.33 55
EV/EBIT €22.34 €27.89 €33.44 53
EV/Revenue €17.57 €22.66 €27.76 43
Asset-Based
NCAV (Graham) €2.32 €3.11 €4.64 50
Growth DCF
Growth DCF €50.07 €79.35 €133.22 80
Rev-Margin DCF €29.18 €46.34 €72.60 74
Economic Profit
Residual Income €6.07 €8.39 €37.86 76
ROIC Compounder €13.94 €15.07 €16.00 72
Growth Earnings
Growth-Adj P/E €22.13 €31.62 €41.10 68

Widest divergence: DCF Models (€57.83) versus Dividend Discount (€2.39). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €810M
Revenue growth (YoY) -35.9%
Net margin 5.4%
Return on equity 29.9%
Free cash flow €143M FY2025
P/E ratio 15.5
More key figures
Operating margin 5.3%
EPS (TTM) €1.09
Dividend yield 2.7%
EPS growth (YoY) +7.1%

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 71 · Market factors (momentum, volatility) 86

Profitability 69
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 94
Price trend over the last 3–12 months (market factor)
52W Momentum 99
Distance to the 52-week high (market factor)
Net Issuance 100
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

GRK Infra Oyj provides infrastructure construction services in Finland, Sweden, and Estonia. The company's services include civil engineering, road construction, paving, electricity network construction, rail business, and environmental technology.

Full company description

GRK Infra Oyj provides infrastructure construction services in Finland, Sweden, and Estonia. The company's services include civil engineering, road construction, paving, electricity network construction, rail business, and environmental technology. It provides transport infrastructure; bridge construction work, such as waterway and railway bridges; area construction; concrete, steel and composite structures, foundations, industrial construction, bridge, tunnel and construction, and repair; excavation, shoring, and quarrying; systems and structures for railways; maintenance of tracks; and metro lines and trams, as well as designs, repairs, maintains, and builds roads, highways, tracks, and bridges. The company also offers track engineering, track electrification, and safety equipment; foundations to telecom tower structures; reception, processing, and utilization of waste materials and side streams; construction of sports facilities; production and sale of biochar and pellets; and transmission lines and substations, EPC deliveries, as well as wind, solar and battery energy storage systems. It serves state administration, municipalities, and cities, as well as the private sector. The company was incorporated in 1983 and is based in Vantaa, Finland.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

GRK Infra Oyj reported revenue of €872M in FY2025 versus €450M in FY2022, a compound +24.6%/yr. Reported net income was €43.0M in FY2025, compounding +83.4%/yr from FY2022.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€872M
Latest YoY
+19.7%
Avg. growth/yr (3Y)
+24.6%
Revenue +24.6%/yr
FY22 €450M
FY23 €546M
FY24 €729M
FY25 €872M
Net income +83.4%/yr
FY22 €7.0M
FY23 €20.1M
FY24 €36.9M
FY25 €43.0M

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Cite: Fair Value Calculator (2026). "GRK Infra Oyj Fair Value". https://www.fairvalue-calculator.com/stock/GRK

Peer Group

Infrastructure Operations · 65 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 69 · Top 25%
Fair Value upside +5% · Below median
Return on equity (TTM) 30% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 5% · Below median
Operating margin (TTM) 5% · Bottom 25%
Revenue growth -36% · Bottom 25%
Dividend yield (TTM) 2.4% · Below median
Debt / equity 0.08× · Lower than 75% of peers

Valuation Multiples vs Infrastructure Operations median · lower = cheaper

P/E (TTM) 16.6× · Pricier than median
P/B 4.68× · Pricier than 75% of peers
P/S (TTM) 1.10× · Cheaper than median
P/FCF 6.2× · Pricier than 75% of peers
EV/EBITDA 10.3× · Pricier than median

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 40 · sector 54
FUTURE 0 · sector 13
PAST 100 · sector 25
HEALTH 96 · sector 69
DIVIDEND 48 · sector 79

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 Infrastructure Operations stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Frequently asked questions

Is GRK Infra Oyj (GRK) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €22.06 versus a price of €20.95, about +5% (fairly valued).
What is the fair value of GRK?
Our model-based fair value for GRK Infra Oyj is €22.06 (as of Jul 16, 2026), built from audited fundamentals. The current price is €20.95.
What is the quality score of GRK?
GRK Infra Oyj has a Quality Score of 69/100. 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 GRK Infra Oyj (GRK)?
GRK Infra Oyj reported trailing-twelve-month revenue of about €810M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of GRK?
The net profit margin of GRK Infra Oyj is about 5.4%, meaning it keeps roughly 5.4% of revenue as net income. Based on the latest reported figures.
Does GRK Infra Oyj pay a dividend?
GRK Infra Oyj currently shows a dividend yield of about 2.69% relative to its recent price (as of Jul 16, 2026).

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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