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Inission AB (INISS-B) Fair Value & Analysis

Technology · SE · Market cap 1.6B SEK (≈ $168M) · ISIN SE0016275069

What is Inission AB really worth?

IA Inission AB INISS-B · ST
Pricekr 68.80
Fair Valuekr 30.42
Upside−55.8%
Quality47/100

Below-average quality, and trading another 126% above our fair value of kr 30.42.

As of Aug 28, 2026, the fair value of Inission AB is kr 30.42 per share against a price of kr 68.80, so the fair value sits 56% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow
Ranks above peers (9/14)

Risks

!Mixed Growth (revenue 5y +15.8 %/yr)
!Thin margins · 2.6% net margin
!Narrow moat 38/100
!Weak on dividend: 17 out of 100

For context

·0.87% dividend yield
Evidence: High Range kr 23.62 – kr 38.03

Fair value as of: Aug 28, 2026

From 24 valuation models · updated 8 days ago

Share price +1.8% 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 38.03). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

kr 78.00 kr 23.16 Fair Value kr 30.42 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range kr 23.16 – kr 78.00 · fair‑value band kr 23.62 – kr 38.03 · the kr 68.80 price screens above the kr 30.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 28, 2026.

Full chart & analysis →

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Analysis

Inission AB (INISS-B) currently trades at kr 68.80, while our model-based Fair Value estimate is kr 30.42, implying the stock looks roughly 126.1% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of kr 101.49 per share, and 11 of the 24 models we run sit above the kr 68.80 price. Bear case: the Asset-Based group reads lowest at kr 22.58, and 13 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Inission AB generated revenue of 2.4B SEK at a net margin of 2.6%. Revenue grew 37.4% year over year. It earns a return on equity of 9.0%. Net debt stands at 647M SEK. Fundamentals as of Aug 28, 2026

Our scenario range runs from kr 23.62 (bear case) to kr 38.03 (bull case); at kr 68.80, 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 13% below its 52-week high and 97% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −56%, INISS-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 1.43 per share, which is 4.7 % 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 84.85 kr 146.67 kr 279.53 76
Growth DCF kr 82.10 kr 147.66 kr 237.79 76
Residual Income kr 23.80 kr 23.15 kr 19.62 76
All 24 models by family
DCF Models
FCF DCF kr 84.85 kr 146.67 kr 279.53 76
Owner Earnings kr 54.52 kr 101.49 kr 180.37 73
5Y Revenue Exit kr 56.81 kr 97.05 kr 152.13 71
5Y EBITDA Exit kr 83.81 kr 156.50 kr 251.60 73
5Y P/E Exit kr 42.99 kr 66.63 kr 93.35 71
10Y Revenue Exit kr 64.79 kr 106.12 kr 171.37 65
10Y EBITDA Exit kr 82.95 kr 147.48 kr 252.54 66
10Y P/E Exit kr 57.50 kr 84.95 kr 123.41 64
Earnings-Based
Graham-Dodd kr 9.85 kr 56.55 kr 78.64 63
Lynch FV kr 15.93 kr 22.76 kr 29.59 61
PEG = 1.0 kr 15.93 kr 22.76 kr 29.59 57
EPV kr 28.96 kr 33.03 kr 36.43 74
Multiples
P/E Multiple kr 22.82 kr 30.42 kr 38.03 63
P/S Multiple kr 18.47 kr 24.63 kr 30.79 58
P/B Multiple kr 18.47 kr 24.63 kr 30.79 55
EV/EBIT kr 58.75 kr 78.64 kr 98.53 66
EV/EBITDA kr 89.30 kr 119.38 kr 149.46 67
EV/Revenue kr 41.66 kr 59.92 kr 78.17 53
Asset-Based
NCAV (Graham) kr 16.85 kr 22.58 kr 33.71 54
Growth DCF
Growth DCF kr 82.10 kr 147.66 kr 237.79 76
Rev-Margin DCF kr 56.81 kr 96.32 kr 151.01 71
Economic Profit
Residual Income kr 23.80 kr 23.15 kr 19.62 76
ROIC Compounder kr 28.96 kr 33.03 kr 40.20 72
Growth Earnings
Growth-Adj P/E kr 23.62 kr 33.75 kr 43.87 67

Widest divergence: DCF Models (kr 101.49) versus Asset-Based (kr 22.58). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 25.8 as of Jul 16, 2026
P/S ratio 0.35 P/E × margin
EPS (TTM) kr 2.70 price ÷ EPS = P/E 25.8
Dividend yield 0.9% payout 22.2%
Net margin 1.4% FY2025
Return on equity 9.0% TTM
More key figures
Profitability
Return on assets (EBIT) 6.0% avg 5y
Operating margin 6.1% TTM
Growth
Revenue (TTM) 2.4B SEK TTM
Revenue growth (YoY) +37.4% 3y avg +4.7%
EPS growth (YoY) +17.5%
Balance sheet & cash flow
Free cash flow 153M SEK FY2025
Net debt 647M SEK FY2025 · ≈ 4.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 73

Profitability 35
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 88
Distance to the 52-week high (market factor)
Net Issuance 48
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

Inission AB (publ), together with its subsidiaries, develops, manufactures, and markets power electronics and system solutions under the Endo brand. It operates through Inission EMS and Enedo OEM segments.

Full company description

Inission AB (publ), together with its subsidiaries, develops, manufactures, and markets power electronics and system solutions under the Endo brand. It operates through Inission EMS and Enedo OEM segments. The company also operates as a manufacturing partner providing services and products across the entire product lifecycle, including development and design, industrialization, volume production, and aftermarket under the Enission brand. It serves medtech, marine technology, communication and IoT, electrification, and defense industries. The company operates in Sweden, Norway, Finland, Denmark, other European Countries, Estonia, Germany, other non-European Countries, the United Kingdom, the United States, Norway, and Italy. Inission AB (publ) was incorporated in 2007 and is headquartered in Karlstad, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Inission AB reported revenue of 2.2B SEK in FY2025 versus 1.0B SEK in FY2021, a compound +21.8%/yr. Reported net income was 29.9M SEK in FY2025.

Growth Quality 85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.2B SEK
Latest YoY
+2.6%
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.
+4.7%
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.
+15.8%
Avg. revenue growth/yr (14Y) 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.
+17.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+8.3% · in SEK
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+7.4%
Dividend yield0.9%
Trend 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.5Y −8.9% vs 10Y 4.4%, flattening
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.4.5% (2020) → 4.4% (2025) · steady
Worst earnings drop120% (2021) (loss year, drop beyond 100%) · in SEK
Revenue +21.8%/yr
FY21 1.0B SEK
FY22 1.9B SEK
FY23 2.2B SEK
FY24 2.1B SEK
FY25 2.2B SEK
Net income
FY21 −8.9M SEK
FY22 56.2M SEK
FY23 95.1M SEK
FY24 72.4M SEK
FY25 29.9M SEK
Character of growth · EPS growth decomposed (2014-2025) +13.7 % p.a.
Revenue per share +16.3 %

of which total revenue +22.5 % · buybacks/dilution −5.0 %

EBIT margin +1.3 %
Tax rate +0.2 %
Residual (interest, one-offs) −3.7 %

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).

INISS-B screens 126% overvalued. Compare with Amphenol Corporation →

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

Peer Group

Electronic Components · 639 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 47 · Below median
Fair Value upside −56% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 6% · Above median
Revenue growth 37% · Top 25%
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 25.8× · Cheaper than median
P/B 2.31× · Cheaper than median
P/S (TTM) 0.67× · Cheaper than median
P/FCF 1.1× · Cheaper than median
EV/EBITDA 8.5× · 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 0
FUTURE100 · sector 40
PAST36 · sector 25
HEALTH95 · sector 95
DIVIDEND17 · sector 24

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.

None of the checked exposures detected

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $157.74 $97.19 −38%
Corning Incorporated GLW CHF 134.64 CHF 35.18 −74%
Delta Electronics, Inc 2308 1,750 TWD 602.37 TWD −66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 −31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW −88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 −90%
TE Connectivity plc TEL $202.66 $144.42 −29%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 −73%
Flex Ltd FLEX $124.53 $48.10 −61%
Celestica Inc CLS $298.70 $113.54 −62%

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Frequently asked questions

Is Inission AB (INISS-B) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of kr 30.42 versus a price of kr 68.80, about −56% upside (overvalued).
What is the fair value of INISS-B?
Our model-based fair value for Inission AB is kr 30.42 (as of Aug 28, 2026), built from audited fundamentals. The current price: kr 68.80.
What is the quality score of INISS-B?
Inission AB has a Quality Score of 47/100. 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 Inission AB (INISS-B)?
Inission AB reported trailing-twelve-month revenue of about 2.4B SEK (latest available figure, as of Aug 28, 2026).
What is the net profit margin of INISS-B?
The net profit margin of Inission AB is about 2.6%, meaning it keeps roughly 2.6% of revenue as net income. Based on the latest reported figures.
Does Inission AB pay a dividend?
Inission AB currently shows a dividend yield of about 0.87% relative to its recent price (as of Aug 28, 2026).
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