Instalco Intressenter AB (INSTAL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Instalco Intressenter AB stock SEK 35.27, price SEK 41.74, that is 15.5% below the price, quality 57 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range kr 21.60 – kr 91.06 · fair‑value band kr 24.69 – kr 45.85 · the kr 41.74 price screens above the kr 35.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Instalco AB (publ) provides planning and installation services in the electrical, heating and plumbing, ventilation, technical, consulting, and industrial areas in Sweden and rest of the Nordics.
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The company engages in energy storage and efficiency, construction, project planning, assembly, alarms and monitoring, data networks and control of technical equipment, energy optimization, charging ports for electric vehicles, remote reading, control technology, service and maintenance, and marine installations.
It also provides heating and plumbing services, including installation of district heat, natural gas, heat pumps, and comfort cooling; pipe replacement and preventative maintenance; water treatment and water consumption optimization; sprinkler systems; new construction; ongoing repairs; conversions and extensions; project planning; control and regulation technology solutions; and energy efficiency measures services.
In addition, the company offers ventilation services, such as installation and solutions for indoor climate, air treatment, and mandatory ventilation inspection; automation building; and control technology.
Further, it engages in the provision of pipe and mechanical installation, cooling and electric power installation, infrastructure, automation, instrumentation, exhaust gas treatment, ballast water management, energy, safety, industrial scaffolding and weather protection, compressors, composite solutions, steel assembly, ground and mining services; and technical consulting services.
The company serves construction companies, trusts, property owners, government agencies, municipalities and regions; housing, real estate, industrial, fishing, electricity and power, mining, shipping, maritime transportation, installation, energy, and industrial construction companies; and other industries.
Instalco AB (publ) was founded in 2013 and is headquartered in Stockholm, Sweden.
Stock analysis
Instalco Intressenter AB (INSTAL) currently trades at kr 41.74, while our model-based Fair Value estimate is kr 35.27, 16% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 56.88 per share, and 9 of the 24 models we run sit above the kr 41.74 price.
Bear case: the Economic Profit group reads lowest at kr 7.14, and 15 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 24.69 (bear) to kr 45.85 (bull), the price of kr 41.74 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 57/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Instalco Intressenter AB reported revenue of 13.6B SEK in FY2025 versus 8.9B SEK in FY2021, a compound +11.2%/yr. Reported net income was 343M SEK in FY2025, compounding −11.0%/yr from FY2021.
Key figures
Market cap 11.3B SEK (≈ $1.1B) Small · P/E ratio 22.2 · P/S ratio 0.78 · EPS (TTM) kr 1.88 · Dividend yield 1.2% · Net margin 3.6% · Return on equity 15.7% · Return on assets (EBIT) 7.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 93% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −16%, INSTAL screens cheaper than that median.
Fair Value models
Bearkr 24.69Fair Value kr 35.27Bullkr 45.85
Price kr 41.74 · Downside -15.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 1.18 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.7%
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.
+4.1%
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.
+13.8%
Start year 2020 (pandemic). Over 10 years: +25.8% a year
Revenue growth 11 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.
+36.8%
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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.
−4.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.1%
Dividend (yield on the price)1.2%
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.−6.1% vs 13.5%, slowing
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.9% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
+8.1%
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.
+10.8%
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 +6.0% a year for the price and +8.6% for the forecasts.
Compare Instalco Intressenter AB with another stock
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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.Engineering & Construction · 791 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−15.5% · Below median
Profitability
Return on equity (12 months)15.7% · Top 25%
Return on assets3.3% · Above median
Net margin (12 months)3.6% · Below median
Operating margin (12 months)5.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)16.5% · Above median
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.97× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)22.2× · Pricier than median
P/B3.50× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)0.78× · Cheaper than median
Price / free cash flow (fiscal year)12.2× · Cheaper than median
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). "Instalco Intressenter AB Fair Value". https://www.fairvalue-calculator.com/stock/INSTAL
Frequently asked questions
Is Instalco Intressenter AB (INSTAL) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 35.27 versus a price of kr 41.74, about 16% lower (overvalued).
What is the fair value of INSTAL?
Our model-based fair value for Instalco Intressenter AB is kr 35.27 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 41.74.
What is the quality score of INSTAL?
Instalco Intressenter AB has a Quality Score of 57/100. 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 Instalco Intressenter AB (INSTAL)?
Our model-based price target is the fair value of kr 35.27 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario kr 24.69, optimistic scenario kr 45.85. It is a calculation from audited fundamentals, not an analyst target.
What is the Instalco Intressenter AB stock forecast for 2026?
Our models put fair value at kr 35.27, about 16% lower versus a price of kr 41.74 (overvalued). Cautious scenario kr 24.69, optimistic scenario kr 45.85. The calculation is refreshed regularly with new filings.
What is the revenue of Instalco Intressenter AB (INSTAL)?
Instalco Intressenter AB reported trailing-twelve-month revenue of about 14.6B SEK (latest available figure, as of Nov 7, 2026).
Does Instalco Intressenter AB pay a dividend?
Instalco Intressenter AB currently shows a dividend yield of 1.20% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Instalco Intressenter AB (INSTAL) and when is the ex-dividend date?
Instalco Intressenter AB pays a dividend of kr 0.5 per share a year, a dividend yield of 1.2%. The last ex-dividend date was May 6, 2026. A dividend has been paid every year since at least 2018. The payout ratio is 26.6% of earnings. Free cash flow covers the dividend 6.90 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Instalco Intressenter AB (INSTAL)?
For today's price to be fair in a discounted-cash-flow model, Instalco Intressenter AB would have to grow free cash flow by +8.1 % 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 +13.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of INSTAL use?
Our models discount Instalco Intressenter AB at 11.3 %: a base by market capitalisation (small), damped by beta 1.10, 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 Instalco Intressenter AB that is +8.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has Instalco Intressenter AB (INSTAL) delivered so far?
Over the past 5 years revenue at Instalco Intressenter AB grew +13.8 % a year. The price currently implies free-cash-flow growth of +8.1 % per 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 Instalco Intressenter AB (INSTAL) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Instalco Intressenter AB (+8.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Instalco Intressenter AB (INSTAL)?
The free-cash-flow yield on the price is 8.20 %: that much free cash flow Instalco Intressenter 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 Instalco Intressenter AB (INSTAL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Instalco Intressenter AB it is kr 35.27 per share (as of Nov 7, 2026), against a price of kr 41.74. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Instalco Intressenter AB stock overvalued or undervalued in 2026?
As of Nov 7, 2026, INSTAL trades above its calculated fair value: price kr 41.74, fair value kr 35.27, a gap of about −16% (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 INSTAL?
No. The price is what the market pays today (kr 41.74); the fair value is what the company's own numbers justify (kr 35.27). For Instalco Intressenter AB the two are kr 6.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Instalco Intressenter AB worth?
The market values Instalco Intressenter AB at about 11.3B SEK (market capitalisation, as of Nov 7, 2026). Per share that is kr 41.74; our models calculate a fair value of kr 35.27 per share.
What do the bullish and bearish scenarios say about INSTAL?
Our models span a range for Instalco Intressenter AB: cautious scenario kr 24.69, base kr 35.27, optimistic kr 45.85 per share (as of Nov 7, 2026, price kr 41.74). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INSTAL?
Instalco Intressenter AB trades at a price-to-earnings ratio of 22.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 35.27 is built from several models across several years. Other multiples: PEG 0.4, P/B 3.5, P/S 0.8, EV/EBITDA 12.9.
What is the PEG ratio of INSTAL?
The PEG ratio of Instalco Intressenter AB is 0.40 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Instalco Intressenter AB (INSTAL)?
Balance-sheet figures for Instalco Intressenter AB (as of Nov 7, 2026): return on equity 15.7%, debt of 0.97 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is INSTAL from its 52-week high?
Instalco Intressenter AB trades at kr 41.74, about 4% below its 52-week high of kr 43.50 and 93% above the low of kr 21.60 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 35.27 is for.
Which stocks are comparable to Instalco Intressenter AB?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 Instalco Intressenter AB stock attractive at the current price?
The data as of Nov 7, 2026: price kr 41.74, calculated fair value kr 35.27 (−16%), Quality Score 57/100, 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 INSTAL calculated?
We run Instalco Intressenter AB through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 35.27 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Instalco Intressenter 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 Instalco Intressenter AB (INSTAL)?
The closing price on Nov 6, 2026 was kr 41.74. Our model-based fair value is kr 35.27, about 16% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Instalco Intressenter AB right now?
Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 24.69 to kr 45.85) leaves room in how you read the outcome.
Where does the earnings growth of Instalco Intressenter AB (INSTAL) come from?
Earnings per share at Instalco Intressenter AB grew +19.3 % a year from 2015 to 2025. Broken into its drivers: revenue per share +23.4 %, EBIT margin −1.7 %, tax rate +0.3 %, residual (interest, one-offs) −2.0 %. 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 Instalco Intressenter AB
How large is the market capitalisation of Instalco Intressenter AB (INSTAL)?
The market capitalisation of Instalco Intressenter AB is 11.3B SEK (≈ $1.1B). 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 Instalco Intressenter AB (INSTAL)?
The price-to-sales ratio of Instalco Intressenter AB is 0.78 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Instalco Intressenter AB (INSTAL)?
Earnings per share at Instalco Intressenter AB are kr 1.88 (price ÷ EPS = P/E 22.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Instalco Intressenter AB (INSTAL)?
The dividend yield of Instalco Intressenter AB is 1.2% (payout 26.6%). 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 Instalco Intressenter AB (INSTAL)?
The net margin of Instalco Intressenter AB is 3.6% (last twelve months). 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 Instalco Intressenter AB (INSTAL)?
The return on equity (ROE) of Instalco Intressenter AB is 15.7% (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 Instalco Intressenter AB (INSTAL)?
On an EBIT basis the return on assets of Instalco Intressenter AB is 7.6% (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 Instalco Intressenter AB (INSTAL)?
The operating margin of Instalco Intressenter AB is 5.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Instalco Intressenter AB (INSTAL)?
Revenue at Instalco Intressenter AB is growing +16.5% versus a year earlier (3y avg +4.1%). 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 Instalco Intressenter AB (INSTAL)?
Earnings per share at Instalco Intressenter AB are growing +188% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Instalco Intressenter AB (INSTAL) carry?
The net debt of Instalco Intressenter AB is 310M SEK (fiscal year 2025, ≈ 0.3 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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Broad data
Nov 7, 2026