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Husqvarna AB (HUSQ-B) Fair Value & Analysis

Industrials · SE · Market cap 20.4B SEK (≈ $2.1B) · ISIN SE0001662230

What is Husqvarna AB really worth?

HA Husqvarna AB HUSQ-B · ST
Pricekr 38.99
Fair Valuekr 42.33
Upside+8.6%
Quality60/100

A solid business, currently priced close to our fair value of kr 42.33.

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Strengths

Low debt · generates free cash flow
Ranks above peers (10/15)

Risks

!Weak Growth (revenue 5y +2.1 %/yr)
!Thin margins · 4.3% net margin
!Moderate moat 46/100

For context

·3.21% dividend yield
Evidence: High Range kr 32.69 – kr 64.59

Fair value as of: Aug 27, 2026

From 22 valuation models · updated 8 days ago

Share price −3.7% 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 close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (kr 32.69 to kr 64.59) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

kr 124.39 kr 34.72 Fair Value kr 42.33 Jun 2021 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

60‑month range kr 34.72 – kr 124.39 · fair‑value band kr 32.69 – kr 64.59 · the kr 38.99 price screens below the kr 42.33 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

Husqvarna AB (HUSQ-B) currently trades at kr 38.99, while our model-based Fair Value estimate is kr 42.33, implying the stock looks roughly 7.9% fairly valued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of kr 53.22 per share, and 14 of the 22 models we run sit above the kr 38.99 price. Bear case: the Asset-Based group reads lowest at kr 27.55, and 8 of the 22 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Husqvarna AB generated revenue of 45.9B SEK at a net margin of 4.3%. Revenue declined 5.0% year over year. It earns a return on equity of 8.0%. Net debt stands at 12.2B SEK. Fundamentals as of Aug 27, 2026

Our scenario range runs from kr 32.69 (bear case) to kr 64.59 (bull case); at kr 38.99, 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 about 32% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 9%, HUSQ-B screens cheaper 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 1.49 per share, which is 3.5 % 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
FCF DCF kr 21.01 kr 32.87 kr 56.86 77
Growth DCF kr 22.39 kr 34.02 kr 55.53 76
Residual Income kr 33.80 kr 35.90 kr 39.51 75
All 22 models by family
DCF Models
FCF DCF kr 21.01 kr 32.87 kr 56.86 77
Owner Earnings kr 29.98 kr 44.95 kr 75.25 74
5Y Revenue Exit kr 26.49 kr 45.79 kr 74.91 70
5Y EBITDA Exit kr 53.43 kr 91.47 kr 143.52 73
5Y P/E Exit kr 25.90 kr 44.80 kr 68.19 69
10Y Revenue Exit kr 22.82 kr 39.32 kr 58.20 65
10Y EBITDA Exit kr 40.61 kr 69.40 kr 102.45 67
10Y P/E Exit kr 23.72 kr 38.66 kr 53.86 63
Earnings-Based
Graham-Dodd kr 21.00 kr 34.12 kr 41.24 64
EPV kr 29.17 kr 36.21 kr 42.37 72
Multiples
P/E Multiple kr 48.64 kr 64.85 kr 81.07 61
P/S Multiple kr 39.37 kr 52.50 kr 65.62 56
P/B Multiple kr 39.37 kr 52.50 kr 65.62 53
EV/EBIT kr 51.94 kr 73.62 kr 95.30 64
EV/EBITDA kr 86.80 kr 120.09 kr 153.39 66
EV/Revenue kr 33.33 kr 53.22 kr 73.11 52
Asset-Based
NCAV (Graham) kr 20.56 kr 27.55 kr 41.11 52
Growth DCF
Growth DCF kr 22.39 kr 34.02 kr 55.53 76
Rev-Margin DCF kr 26.49 kr 46.56 kr 71.82 70
Economic Profit
Residual Income kr 33.80 kr 35.90 kr 39.51 75
ROIC Compounder kr 29.17 kr 36.21 kr 42.82 71
Growth Earnings
Growth-Adj P/E kr 34.35 kr 49.07 kr 63.79 66

Widest divergence: Multiples (kr 53.22) versus Asset-Based (kr 27.55). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 10.4 as of Jul 12, 2026
P/S ratio 0.39 P/E × margin
EPS (TTM) kr 3.44 price ÷ EPS = P/E 10.4
Dividend yield 3.2% payout 36.3%
Net margin 3.8% FY2025
Return on equity 8.0% TTM
More key figures
Profitability
Return on assets (EBIT) 6.6% avg 5y
Operating margin 12.3% TTM
Growth
Revenue (TTM) 45.9B SEK TTM
Revenue growth (YoY) −5.0% 3y avg −4.8%
EPS growth (YoY) +21.3%
Balance sheet & cash flow
Free cash flow 1.9B SEK FY2025
Net debt 12.2B SEK FY2025 · ≈ 6.3 yrs of FCF

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 56 · Market factors (momentum, volatility) 29

Profitability 42
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 14
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

Husqvarna AB (publ) produces and sells outdoor power products, watering products, and lawn care power equipment. It operates through three segments: Husqvarna Forest & Garden; Gardena; and Husqvarna Construction.

Full company description

Husqvarna AB (publ) produces and sells outdoor power products, watering products, and lawn care power equipment. It operates through three segments: Husqvarna Forest & Garden; Gardena; and Husqvarna Construction. The Husqvarna Forest & Garden segment offers handheld products, such as chainsaws, brush cutters, trimmers, pole saws, tillers and cultivators, scarifiers and dethatchers, pressure and power washers, and leaf blowers; wheeled products, such as front riders and zero-turn mowers; robotic lawn mowers; and accessories and spare parts. The Gardena segment provides residential and smart watering; garden hand tools; electric battery-system gardening tools; and smart garden systems. The Husqvarna Construction segment offers power cutters, floor saws, surface preparation equipment, dust and slurry solutions, diamond tools for construction and stone industries, and demolition robots. The company sells its products and solutions to forestry, tree care, landscaping, commercial lawn, and garden services sectors, as well as home and garden owners, and light construction and stone industries primarily under the Husqvarna, Gardena, Jonsered, Orbit, Flymo, RedMax, Zenoah, and McCulloch brands through dealers and retailers. It operates in Germany, France, Sweden, the United Kingdom, Austria, rest of Europe, the Asia/Pacific, Canada, the United States, Latin America, and internationally. Husqvarna AB (publ) was founded in 1689 and is headquartered in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Husqvarna AB reported revenue of 46.6B SEK in FY2025 versus 47.1B SEK in FY2021, a compound −0.2%/yr. Reported net income was 1.8B SEK in FY2025, compounding −20.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
46.6B SEK
Latest YoY
−3.6%
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.
−4.8%
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.
+2.1%
Avg. revenue growth/yr (20Y) 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.
+2.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−3.7% (−6.9 + 3.2)
Revenue −0.2%/yr
FY21 47.1B SEK
FY22 54.0B SEK
FY23 53.3B SEK
FY24 48.4B SEK
FY25 46.6B SEK
Net income −20.5%/yr
FY21 4.4B SEK
FY22 1.9B SEK
FY23 2.2B SEK
FY24 1.3B SEK
FY25 1.8B SEK
Character of growth · EPS growth decomposed (2014-2025) +1.1 % p.a.
Revenue per share +3.9 %

of which total revenue +3.9 % · buybacks/dilution +0.0 %

EBIT margin −1.7 %
Tax rate +0.6 %
Residual (interest, one-offs) −1.7 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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

Peer Group

Tools & Accessories · 122 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 60 · Above median
Fair Value upside +9% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 3% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 12% · Above median
Revenue growth −5% · Below median
Dividend yield (TTM) 3.2% · Above median
Debt / equity 0.39× · Higher than 75% of peers

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 10.4× · Cheaper than 75% of peers
P/B 0.87× · Cheaper than 75% of peers
P/S (TTM) 0.45× · Cheaper than 75% of peers
P/FCF 1.1× · Cheaper than median
EV/EBITDA 5.9× · Cheaper than 75% of peers
PEG 2.70× · Pricier 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
VALUE45 · sector 4
FUTURE0 · sector 16
PAST32 · sector 28
HEALTH80 · sector 97
DIVIDEND64 · sector 40

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 Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

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The Timken Company TKR $130.25 $64.85 −50%
The Toro Company TTC $92.37 $69.71 −25%
SFS Group SFSN CHF 131.40 CHF 118.30 −10%
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Frequently asked questions

Is Husqvarna AB (HUSQ-B) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of kr 42.33 versus a price of kr 38.99, about +9% upside (fairly valued).
What is the fair value of HUSQ-B?
Our model-based fair value for Husqvarna AB is kr 42.33 (as of Aug 27, 2026), built from audited fundamentals. The current price: kr 38.99.
What is the quality score of HUSQ-B?
Husqvarna AB has a Quality Score of 60/100. 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 Husqvarna AB (HUSQ-B)?
Husqvarna AB reported trailing-twelve-month revenue of about 45.9B SEK (latest available figure, as of Aug 27, 2026).
What is the net profit margin of HUSQ-B?
The net profit margin of Husqvarna AB is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does Husqvarna AB pay a dividend?
Husqvarna AB currently shows a dividend yield of about 3.21% relative to its recent price (as of Aug 27, 2026).
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