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Hernö Gin AB (HERNO-B) Fair Value & Analysis

Consumer Defensive · Market cap 138M SEK (≈ $14.5M) · ISIN SE0017767494

What is Hernö Gin AB really worth?

HG Hernö Gin AB HERNO-B · ST
Pricekr 3.23
Fair Valuekr 1.73
Upside−46.4%
Quality48/100

Below-average quality, and trading another 87% above our fair value of kr 1.73.

As of Aug 30, 2026, the fair value of Hernö Gin AB is kr 1.73 per share against a price of kr 3.23, so the fair value sits 46% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Weak Growth (revenue 3y +0.9 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Trails peers (3/11)
!Moderate moat 60/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range kr 1.21 – kr 2.25

Fair value as of: Aug 30, 2026

From 12 valuation models · updated 6 days ago

Share price −3.3% over the past month.

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 2.25). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 1.21 to kr 2.25) leaves room in how you read the outcome.

Price vs Fair Value (2 years)

kr 7.96 kr 2.91 Fair Value kr 1.73 Jun 2024 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

27‑month range kr 2.91 – kr 7.96 · fair‑value band kr 1.21 – kr 2.25 · the kr 3.23 price screens above the kr 1.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.

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Analysis

Hernö Gin AB (HERNO-B) currently trades at kr 3.23, while our model-based Fair Value estimate is kr 1.73, implying the stock looks roughly 86.7% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Defensive sector. Bull case: the Asset-Based group reads highest at a median of kr 1.87 per share, and 0 of the 12 models we run sit above the kr 3.23 price. Bear case: the Earnings-Based group reads lowest at kr 0.8200, and 12 of the 12 models stay below the price. Evidence for this calculation is low.

The stock trades on a trailing P/E of 30.8 (as of Jul 16, 2026). Fundamentals as of Aug 30, 2026

Our scenario range runs from kr 1.21 (bear case) to kr 2.25 (bull case); at kr 3.23, 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 49% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −4% fair-value upside, at −46%, HERNO-B screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 0.0747 per share, which is 4.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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.

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 0.7600 kr 0.8200 kr 0.8700 70
ROIC Compounder kr 0.7600 kr 0.8200 kr 0.8700 68
EV/EBITDA kr 1.67 kr 2.16 kr 2.65 66
All 12 models by family
Earnings-Based
Graham-Dodd kr 0.7400 kr 1.03 kr 1.21 62
EPV best evidence kr 0.7600 kr 0.8200 kr 0.8700 70
Multiples
P/E Multiple kr 1.72 kr 2.29 kr 2.86 61
P/S Multiple kr 1.39 kr 1.85 kr 2.32 56
P/B Multiple kr 1.39 kr 1.85 kr 2.32 53
EV/EBIT kr 1.44 kr 1.85 kr 2.27 65
EV/EBITDA kr 1.67 kr 2.16 kr 2.65 66
EV/Revenue kr 1.09 kr 1.47 kr 1.84 53
Asset-Based
NCAV (Graham) kr 1.39 kr 1.87 kr 2.79 52
Economic Profit
Residual Income kr 1.86 kr 1.76 kr 1.37 66
ROIC Compounder kr 0.7600 kr 0.8200 kr 0.8700 68
Growth Earnings
Growth-Adj P/E kr 1.21 kr 1.73 kr 2.25 63

Widest divergence: Asset-Based (kr 1.87) versus Earnings-Based (kr 0.8200). Highest evidence: EPV (70).

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Key figures & financial health

P/E ratio 30.8 as of Jul 16, 2026
P/S ratio 2.89 P/E × margin
EPS (TTM) kr 0.1100 price ÷ EPS = P/E 30.8
Net margin 9.4% FY2025
Return on assets (EBIT) 11.5% avg 5y
Free cash flow −618K SEK FY2025

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 28

Profitability 36
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 2
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 12
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.

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

Hernö Gin AB (publ) produces and sells gins in Sweden and internationally. The company offers various cocktails. It also operates bar and hotel under the Hernö Gin brand name. The company was incorporated in 2011 and is based in Härnösand, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hernö Gin AB reported revenue of 47.4M SEK in FY2025 versus 37.1M SEK in FY2021, a compound +6.3%/yr. Reported net income was 4.4M SEK in FY2025, compounding −16.8%/yr from FY2021.

Growth Quality 15/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
47.4M SEK
Latest YoY
−5.8%
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.
+0.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−13.7% · in SEK
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−13.7%
Dividend yield0.0%
Operating margin (EBIT) 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.31.5% (2021) → 8.3% (2025) · falling
Worst earnings drop45% (2025) · in SEK
Revenue +6.3%/yr
FY21 37.1M SEK
FY22 46.2M SEK
FY23 51.1M SEK
FY24 50.3M SEK
FY25 47.4M SEK
Net income −16.8%/yr
FY21 9.3M SEK
FY22 8.2M SEK
FY23 8.0M SEK
FY24 5.0M SEK
FY25 4.4M SEK

HERNO-B screens 87% overvalued. Compare with Kweichow Moutai Co →

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Cite: Fair Value Calculator (2026). "Hernö Gin AB Fair Value". https://www.fairvalue-calculator.com/stock/HERNO-B

Peer Group

Beverages - Wineries & Distilleries · 93 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 48 · Below median
Fair Value upside −46% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Beverages - Wineries & Distilleries median · lower = cheaper

P/E (TTM) 30.8× · Pricier than median
P/B 0.13× · 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 16
FUTURE0 · sector 0
PAST0 · sector 19
HEALTH100 · sector 95
DIVIDEND0 · sector 60

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.

Alcohol

Similar stocks

10 more Beverages - Wineries & Distilleries stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
Kweichow Moutai Co 600519 ¥1,303 ¥1,238 −5%
Diageo plc DEO $92.99 $73.29 −21%
Wuliangye Yibin Co 000858 ¥71.89 ¥48.44 −33%
Shanxi Xinghuacun Fen Wine Factory Co 600809 ¥116.39 ¥185.80 +60%
Pernod Ricard SA RI €63.20 €76.13 +20%
Luzhou Laojiao Co 000568 ¥84.50 ¥149.17 +77%
Brown-Forman Corporation BFA $28.72 $27.69 −4%
United Spirits Limited UNITDSPR ₹1,528 ₹285.39 −81%
Thai Beverage Public Company Y92 0.4650 SGD 0.7000 SGD +51%
Jiangsu Yanghe Distillery Co 002304 ¥39.59 ¥27.82 −30%

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Frequently asked questions

Is Hernö Gin AB (HERNO-B) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of kr 1.73 versus a price of kr 3.23, about −46% upside (overvalued).
What is the fair value of HERNO-B?
Our model-based fair value for Hernö Gin AB is kr 1.73 (as of Aug 30, 2026), built from audited fundamentals. The current price: kr 3.23.
What is the quality score of HERNO-B?
Hernö Gin AB has a Quality Score of 48/100. 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 net profit margin of HERNO-B?
The net profit margin of Hernö Gin AB is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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