Hoist Finance AB (HOFI) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hoist Finance AB SEK 420, price SEK 208, upside +102.1%, quality 44 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 23, 2026.
How to read this chart
60‑month range kr 19.97 – kr 221.60 · fair‑value band kr 109.42 – kr 582.19 · the kr 207.60 price screens below the kr 419.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Hoist Finance AB (publ), a credit market company, engages in the loan acquisition and management operations in Europe. It operates through Unsecured and Secured segments.
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Hoist Finance AB (publ), a credit market company, engages in the loan acquisition and management operations in Europe. It operates through Unsecured and Secured segments. The company purchases performing and non-performing loans from its partners, international banks, and financial institutions; responsible for secured non-performing loans, including recovery activities, call centre and collateral management. It also provides debt restructuring solutions. In addition, it offers savings, current, and fixed-term deposit account. The company was formerly known as Hoist International AB (publ) and changed its name to Hoist Finance AB (publ) in January 2015. Hoist Finance AB (publ) was incorporated in 1915 and is headquartered in Stockholm, Sweden.
Stock analysis
Hoist Finance AB (HOFI) currently trades at kr 207.60, while our model-based Fair Value estimate is kr 419.60, implying the stock looks roughly 50.5% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 2,033 per share, and 5 of the 10 models we run sit above the kr 207.60 price.
Bear case: the Asset-Based group reads lowest at kr 47.49, and 5 of the 10 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 109.42 (bear) to kr 582.19 (bull), the price of kr 207.60 sits inside 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 44/100 (below-average quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hoist Finance AB reported revenue of 5.8B SEK in FY2025 versus 2.5B SEK in FY2021, a compound +23.1%/yr. Reported net income was 1.1B SEK in FY2025.
Key figures
Market cap 18.1B SEK (≈ $1.8B) · P/E ratio 16.2 · P/S ratio 3.15 · EPS (TTM) kr 12.83 · Dividend yield 1.6% · Net margin 19.5% · Return on equity 17.7% · Return on assets (EBIT) 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 128% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −32% fair-value upside, at 102%, HOFI screens cheaper than that median.
Fair Value models
Bear kr 109.42Fair Value kr 419.60Bull kr 582.19
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 7.00 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.94/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.8%
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.
+23.3%
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.
+11.4%
Start year 2020 (pandemic). Over 10 years: +10.4% 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.
+18.6%
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What shareholders gained per year (last 5 years) ⓘ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.
+30.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.2%
Dividend (yield on the price)1.6%
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 16%, 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% → 25%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than 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).
−26.4%
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.
+7.4%
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 −27.8% a year for the price and +5.3% 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.Credit Services · 332 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside+100% · Top 25%
Profitability
Return on equity (TTM)18% · Top 25%
Return on assets2% · Below median
Net margin (TTM)27% · Above median
Operating margin (TTM)34% · Above median
Growth and dividend
Revenue growth16% · Above median
Dividend yield (TTM)1.6% · Below median
Balance sheet
Debt / equity1.60× · Above median
Valuation Multiplesvs Credit Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Hoist Finance AB Fair Value". https://www.fairvalue-calculator.com/stock/HOFI
Frequently asked questions
Is Hoist Finance AB (HOFI) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of kr 419.60 versus a price of kr 207.60, about +102% upside (undervalued).
What is the fair value of HOFI?
Our model-based fair value for Hoist Finance AB is kr 419.60 (as of Sep 23, 2026), built from audited fundamentals. The current price: kr 207.60.
What is the quality score of HOFI?
Hoist Finance AB has a Quality Score of 44/100. 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 Hoist Finance AB (HOFI)?
Our model-based price target is the fair value of kr 419.60 (as of Sep 23, 2026) from 10 valuation models. Cautious scenario kr 109.42, optimistic scenario kr 582.19. It is a calculation from audited fundamentals, not an analyst target.
What is the Hoist Finance AB stock forecast for 2026?
Our models put fair value at kr 419.60, about +102% upside versus a price of kr 207.60 (undervalued). Cautious scenario kr 109.42, optimistic scenario kr 582.19. The calculation is refreshed regularly with new filings.
What is the revenue of Hoist Finance AB (HOFI)?
Hoist Finance AB reported trailing-twelve-month revenue of about 4.6B SEK (latest available figure, as of Sep 23, 2026).
Does Hoist Finance AB pay a dividend?
Hoist Finance AB currently shows a dividend yield of about 1.57% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Hoist Finance AB (HOFI)?
For today's price to be fair in a discounted-cash-flow model, Hoist Finance AB would have to grow free cash flow by -26.4 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of HOFI use?
Our models discount Hoist Finance AB at 9.3 %: a base by market capitalisation (large), damped by beta 1.11, 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 Hoist Finance AB that is -26.4 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Hoist Finance AB (HOFI) delivered so far?
Over the past 5 years revenue at Hoist Finance AB grew +11.4 % a year. The price currently implies -26.4 % 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 Hoist Finance AB (HOFI) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Hoist Finance AB (-26.4 % 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 Hoist Finance AB (HOFI)?
The free-cash-flow yield on the price is 32.62 %: that much free cash flow Hoist Finance AB produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hoist Finance AB (HOFI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hoist Finance AB it is kr 419.60 per share (as of Sep 23, 2026), against a price of kr 207.60. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Hoist Finance AB stock overvalued or undervalued in 2026?
As of Sep 23, 2026, HOFI trades below its calculated fair value: price kr 207.60, fair value kr 419.60, a gap of about +102% (undervalued). 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 HOFI?
No. The price is what the market pays today (kr 207.60); the fair value is what the company's own numbers justify (kr 419.60). For Hoist Finance AB the two are kr 212.00 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hoist Finance AB worth?
The market values Hoist Finance AB at about 18.1B SEK (market capitalisation, as of Sep 23, 2026). Per share that is kr 207.60; our models calculate a fair value of kr 419.60 per share.
What do the bullish and bearish scenarios say about HOFI?
Our models span a range for Hoist Finance AB: cautious scenario kr 109.42, base kr 419.60, optimistic kr 582.19 per share (as of Sep 23, 2026, price kr 207.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HOFI?
Hoist Finance AB trades at a price-to-earnings ratio of 16.2 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 419.60 is built from several models across several years. Other multiples: P/B 3.0, P/S 4.0, EV/EBITDA 18.2.
How solid is the balance sheet of Hoist Finance AB (HOFI)?
Balance-sheet figures for Hoist Finance AB (as of Sep 23, 2026): return on equity 17.7%, debt of 1.60 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is HOFI from its 52-week high?
Hoist Finance AB trades at kr 207.60, about 6% below its 52-week high of kr 221.60 and 128% above the low of kr 90.90 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 419.60 is for.
Which stocks are comparable to Hoist Finance AB?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 Hoist Finance AB stock attractive at the current price?
The data as of Sep 23, 2026: price kr 207.60, calculated fair value kr 419.60 (+102%), Quality Score 44/100, from 10 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 HOFI calculated?
We run Hoist Finance AB through 10 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 419.60, 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. Hoist Finance AB currently trades 102 % below its own fair value, and the market average says nothing about that. 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 Hoist Finance AB (HOFI)?
The closing price on Sep 23, 2026 was kr 207.60. Our model-based fair value is kr 419.60, about +102% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hoist Finance AB right now?
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (kr 109.42 to kr 582.19). The outcome hinges heavily on assumptions, so read the point estimate with caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Hoist Finance AB (HOFI) come from?
Earnings per share at Hoist Finance AB grew +13.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.7 %, EBIT margin +4.5 %, tax rate −0.3 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Hoist Finance AB
How large is the market capitalisation of Hoist Finance AB (HOFI)?
The market capitalisation of Hoist Finance AB is 18.1B SEK (≈ $1.8B). 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 Hoist Finance AB (HOFI)?
The price-to-sales ratio of Hoist Finance AB is 3.15 (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 Hoist Finance AB (HOFI)?
Earnings per share at Hoist Finance AB are kr 12.83 (price ÷ EPS = P/E 16.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hoist Finance AB (HOFI)?
The dividend yield of Hoist Finance AB is 1.6% (payout 25.4%). 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 Hoist Finance AB (HOFI)?
The net margin of Hoist Finance AB is 19.5% (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 Hoist Finance AB (HOFI)?
The return on equity (ROE) of Hoist Finance AB is 17.7% (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 Hoist Finance AB (HOFI)?
On an EBIT basis the return on assets of Hoist Finance AB is 1.7% (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 Hoist Finance AB (HOFI)?
The operating margin of Hoist Finance AB is 34.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hoist Finance AB (HOFI)?
Revenue at Hoist Finance AB is growing +15.8% versus a year earlier (3y avg +23.3%). 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 Hoist Finance AB (HOFI)?
Earnings per share at Hoist Finance AB are growing +53.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hoist Finance AB (HOFI) carry?
The net debt of Hoist Finance AB is 10.8B SEK (fiscal year 2025, ≈ 1.8 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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