Hanza AB (HANZA) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hanza AB SEK 114, price SEK 159, upside -28.2%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range kr 20.35 – kr 179.40 · fair‑value band kr 63.98 – kr 148.57 · the kr 159.20 price screens above the kr 114.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Hanza AB (publ), together with its subsidiaries, provides contract manufacturing solutions in Sweden, Finland, Estonia, Germany, Poland, the Czech Republic, rest of the European Union, Norway, rest of Europe, North America, and internationally. It operates through Main Markets, Other Markets, and Business Development and Services segments.
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Hanza AB (publ), together with its subsidiaries, provides contract manufacturing solutions in Sweden, Finland, Estonia, Germany, Poland, the Czech Republic, rest of the European Union, Norway, rest of Europe, North America, and internationally. It operates through Main Markets, Other Markets, and Business Development and Services segments. The company offers machining solutions comprising grinding, turbine component, milling, turning, electrical discharge machining, assembly, logistics, and prototype services; sheet metal processing solutions consisting of punching and laser cutting, bending, welding, coating, and surface treatment services; heavy mechanics solutions; and electronics manufacturing solutions, including research and development, printed circuit board assembly, and research and development test development center services. It also provides wire harness solutions comprising automated cut-strip-crimp wire processing, cut and strip technology, crimp tool, low- and high-pressure molding of cables, cable and label marking, multi-channel testing, and ultrasonic welding services, as well as laser engraving, pad printing, and hot stamping for plastic parts; and assembly solutions, including design and development, test development, and design and adaptation services. In addition, the company offers business consulting; and tech solutions, including development projects, electronics, mechanics, and software. Hanza AB (publ) was incorporated in 2008 and is headquartered in Kista, Sweden.
Stock analysis
Hanza AB (HANZA) currently trades at kr 159.20, while our model-based Fair Value estimate is kr 114.28, implying the stock looks roughly 39.3% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 132.21 per share, and 4 of the 24 models we run sit above the kr 159.20 price.
Bear case: the Asset-Based group reads lowest at kr 19.33, and 20 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 63.98 (bear) to kr 148.57 (bull), the price of kr 159.20 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 40/100 (below-average quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hanza AB reported revenue of 6.0B SEK in FY2025 versus 2.5B SEK in FY2021, a compound +24.4%/yr. Reported net income was 246M SEK in FY2025, compounding +32.4%/yr from FY2021.
Key figures
Market cap 8.6B SEK (≈ $861M) · P/E ratio 24.3 · P/S ratio 0.99 · EPS (TTM) kr 6.56 · Dividend yield 0.9% · Net margin 4.1% · Return on equity 11.5% · Return on assets (EBIT) 7.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −28%, HANZA screens cheaper than that median.
Fair Value models
Bear kr 63.98Fair Value kr 114.28Bull kr 148.57
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 3.70 per share) are deliberately not added.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 ⓘEvidence = 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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+24.2%
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.
+19.3%
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.
+22.8%
Start year 2020 (pandemic). Over 10 years: +17.4% a year
Revenue growth 13 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.
+15.2%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+21.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.0%
Dividend (yield on the price)0.9%
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.29% vs 13%, picking up
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.2% → 6%
2025 sits 63% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 1.7%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
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).
+18.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+16.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +16.6% a year for the price and +14.5% for the forecasts.
Price, fair value, quality and upside side by side.
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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.Electronic Components · 654 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−28% · Above median
Profitability
Return on equity (TTM)12% · Above median
Return on assets4% · Above median
Net margin (TTM)5% · Below median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth100% · Top 25%
Dividend yield (TTM)0.9% · Below median
Balance sheet
Debt / equity0.78× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)24.3× · Cheaper than median
P/B4.71× · Pricier than median
P/S (TTM)1.16× · Cheaper than median
P/FCF2.7× · Pricier than median
EV/EBITDA13.8× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 39
PAST (return on equity)46· sector 26
HEALTH (low debt)61· sector 95
DIVIDEND (yield)19· sector 25
VALUE 0: the price sits above our fair-value range.
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). "Hanza AB Fair Value". https://www.fairvalue-calculator.com/stock/HANZA
Frequently asked questions
Is Hanza AB (HANZA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 114.28 versus a price of kr 159.20, about −28% upside (overvalued).
What is the fair value of HANZA?
Our model-based fair value for Hanza AB is kr 114.28 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 159.20.
What is the quality score of HANZA?
Hanza AB has a Quality Score of 40/100. 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 Hanza AB (HANZA)?
Our model-based price target is the fair value of kr 114.28 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario kr 63.98, optimistic scenario kr 148.57. It is a calculation from audited fundamentals, not an analyst target.
What is the Hanza AB stock forecast for 2026?
Our models put fair value at kr 114.28, about −28% upside versus a price of kr 159.20 (overvalued). Cautious scenario kr 63.98, optimistic scenario kr 148.57. The calculation is refreshed regularly with new filings.
What is the revenue of Hanza AB (HANZA)?
Hanza AB reported trailing-twelve-month revenue of about 7.3B SEK (latest available figure, as of Sep 24, 2026).
Does Hanza AB pay a dividend?
Hanza AB currently shows a dividend yield of about 0.94% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Hanza AB (HANZA)?
For today's price to be fair in a discounted-cash-flow model, Hanza AB would have to grow free cash flow by +18.9 % per year for five years (discount rate 11.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of HANZA use?
Our models discount Hanza AB at 11.3 %: a base by market capitalisation (small), damped by beta 1.12, 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 Hanza AB that is +18.9 % per year a year over ten years, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has Hanza AB (HANZA) delivered so far?
Over the past 5 years revenue at Hanza AB grew +22.8 % a year. The price currently implies +18.9 % 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 Hanza AB (HANZA) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Hanza AB (+18.9 % 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 Hanza AB (HANZA)?
The free-cash-flow yield on the price is 4.33 %: that much free cash flow Hanza AB produces per unit of market value. When it exceeds the discount rate of our models (11.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hanza AB (HANZA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hanza AB it is kr 114.28 per share (as of Sep 24, 2026), against a price of kr 159.20. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Hanza AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HANZA trades above its calculated fair value: price kr 159.20, fair value kr 114.28, a gap of about −28% (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 HANZA?
No. The price is what the market pays today (kr 159.20); the fair value is what the company's own numbers justify (kr 114.28). For Hanza AB the two are kr 44.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hanza AB worth?
The market values Hanza AB at about 8.6B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 159.20; our models calculate a fair value of kr 114.28 per share.
What do the bullish and bearish scenarios say about HANZA?
Our models span a range for Hanza AB: cautious scenario kr 63.98, base kr 114.28, optimistic kr 148.57 per share (as of Sep 24, 2026, price kr 159.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HANZA?
Hanza AB trades at a price-to-earnings ratio of 24.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 114.28 is built from several models across several years. Other multiples: P/B 4.7, P/S 1.2, EV/EBITDA 13.8.
How solid is the balance sheet of Hanza AB (HANZA)?
Balance-sheet figures for Hanza AB (as of Sep 24, 2026): return on equity 11.5%, debt of 0.78 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is HANZA from its 52-week high?
Hanza AB trades at kr 159.20, about 11% below its 52-week high of kr 179.40 and 58% above the low of kr 100.51 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 114.28 is for.
Which stocks are comparable to Hanza AB?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Hanza AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 159.20, calculated fair value kr 114.28 (−28%), Quality Score 40/100, 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 HANZA calculated?
We run Hanza AB 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 114.28, 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 14.1 % above its aggregate fair value. Hanza AB 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 Hanza AB (HANZA)?
The closing price on Sep 23, 2026 was kr 159.20. Our model-based fair value is kr 114.28, about −28% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hanza AB right now?
The price sits above even our optimistic bull case (kr 148.57). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (kr 63.98 to kr 148.57) leaves room in how you read the outcome.
Key figures of Hanza AB
How large is the market capitalisation of Hanza AB (HANZA)?
The market capitalisation of Hanza AB is 8.6B SEK (≈ $861M). 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 Hanza AB (HANZA)?
The price-to-sales ratio of Hanza AB is 0.99 (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 Hanza AB (HANZA)?
Earnings per share at Hanza AB are kr 6.56 (price ÷ EPS = P/E 24.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hanza AB (HANZA)?
The dividend yield of Hanza AB is 0.9% (payout 22.9%). 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 Hanza AB (HANZA)?
The net margin of Hanza AB is 4.1% (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 Hanza AB (HANZA)?
The return on equity (ROE) of Hanza AB is 11.5% (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 Hanza AB (HANZA)?
On an EBIT basis the return on assets of Hanza AB is 7.7% (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 Hanza AB (HANZA)?
The operating margin of Hanza AB is 7.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hanza AB (HANZA)?
Revenue at Hanza AB is growing +99.5% versus a year earlier (3y avg +19.3%). 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 Hanza AB (HANZA)?
Earnings per share at Hanza AB are growing +131% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hanza AB (HANZA) carry?
The net debt of Hanza AB is 2.1B SEK (fiscal year 2025, ≈ 6.6 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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