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Inwido AB (INWI) Fair Value & Analysis

Industrials · SE · Market cap 9.9B SEK

IA Inwido AB INWI · ST
Pricekr 177.90
Fair Valuekr 144.70
Upside-18.7%
Quality62/100
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Healthy Growth
Thin margins · 5.6% net margin
Low debt · generates free cash flow
3.16% dividend yield
Ranks above peers (10/15)
Moderate moat 46/100
Evidence: High Range kr 87.34 – kr 202.40 Share as image

Fair value as of: Jul 19, 2026

From 22 valuation models · updated 21 days ago

Share price +22.6% over the past month.

A solid business, but screening 19% overvalued on our models.

What matters now

  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 87.34 to kr 202.40) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 210.35 kr 71.82 Fair Value kr 144.70 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range kr 71.82 – kr 210.35 · fair‑value band kr 87.34 – kr 202.40 · the kr 177.90 price screens above the kr 144.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Inwido AB (INWI) currently trades at kr 177.90, while our model-based Fair Value estimate is kr 144.70, implying the stock looks roughly 18.7% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Inwido AB generated revenue of 9.1B SEK at a net margin of 5.4%. Revenue grew 4.2% year over year. It earns a return on equity of 9.6%. Net debt stands at 2.2B SEK. Fundamentals as of Jul 19, 2026

Our scenario range runs from kr 87.34 (bear case) to kr 202.40 (bull case); at kr 177.90, 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 16% below its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at -19%, INWI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF kr 87.00 kr 126.42 kr 179.36 80
Residual Income kr 80.73 kr 88.19 kr 117.09 76
Rev-Margin DCF kr 92.00 kr 154.04 kr 220.51 74
All 22 models by family
DCF Models
FCF DCF kr 83.60 kr 125.34 kr 183.96 38
Owner Earnings kr 81.76 kr 122.81 kr 180.47 31
5Y Revenue Exit kr 92.00 kr 152.53 kr 228.33 39
5Y EBITDA Exit kr 126.57 kr 212.69 kr 310.36 41
5Y P/E Exit kr 89.34 kr 147.90 kr 206.84 38
10Y Revenue Exit kr 84.07 kr 136.16 kr 198.39 36
10Y EBITDA Exit kr 108.64 kr 175.47 kr 255.12 37
10Y P/E Exit kr 86.07 kr 133.14 kr 183.52 35
Earnings-Based
Graham-Dodd kr 60.31 kr 122.28 kr 153.96 54
EPV kr 79.12 kr 96.11 kr 110.77 59
Multiples
P/E Multiple kr 139.70 kr 186.26 kr 232.83 63
P/S Multiple kr 113.09 kr 150.79 kr 188.48 58
P/B Multiple kr 113.09 kr 150.79 kr 188.48 55
EV/EBIT kr 160.66 kr 223.71 kr 286.77 53
EV/EBITDA kr 180.61 kr 250.32 kr 320.03 54
EV/Revenue kr 106.51 kr 164.37 kr 222.23 43
Asset-Based
NCAV (Graham) kr 47.47 kr 63.61 kr 94.94 50
Growth DCF
Growth DCF kr 87.00 kr 126.42 kr 179.36 80
Rev-Margin DCF kr 92.00 kr 154.04 kr 220.51 74
Economic Profit
Residual Income kr 80.73 kr 88.19 kr 117.09 76
ROIC Compounder kr 79.12 kr 96.41 kr 117.32 72
Growth Earnings
Growth-Adj P/E kr 101.60 kr 145.14 kr 188.68 68

Widest divergence: Multiples (kr 164.37) versus Asset-Based (kr 63.61). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 9.5B SEK
Revenue growth (YoY) +16.3%
Net margin 5.6%
Return on equity 10.6%
Free cash flow 658M SEK FY2025
P/E ratio 18.8
More key figures
Operating margin 10.6%
EPS (TTM) kr 9.10
Dividend yield 3.2%
EPS growth (YoY) +26.9%
Net debt 2.2B SEK FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 60 · Market factors (momentum, volatility) 55

Profitability 43
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 63
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.

About the company

Inwido AB (publ), through its subsidiaries, engages in the development, manufacture, and sale of windows and doors in Sweden. It operates through four segments: Scandinavia, Eastern Europe, e-Commerce, and Western Europe. The company offers wood, aluminum, and glass products; and fittings; indoor climate and safety, and related accessories and services.

Full company description

Inwido AB (publ), through its subsidiaries, engages in the development, manufacture, and sale of windows and doors in Sweden. It operates through four segments: Scandinavia, Eastern Europe, e-Commerce, and Western Europe. The company offers wood, aluminum, and glass products; and fittings; indoor climate and safety, and related accessories and services. It also provides its products through various channels, including direct sales, retailers and installers, building companies, retailers, manufacturers of prefabricated homes, tenant-owner associations, state and municipalities. It operates in Denmark, Estonia, Finland, the Netherlands, Belgium, Slovenia, Czechia, Switzerland, Austria, China, Ireland, Lithuania, Norway, Poland, Romania, the United Kingdom, and Germany. Inwido AB (publ) was founded in 1811 and is based in Malmö, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Inwido AB reported revenue of kr 9.0B in FY2025 versus kr 7.7B in FY2021, a compound +3.9%/yr. Reported net income was kr 514M in FY2025, compounding −7.8%/yr from FY2021.

Growth Quality 66/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
9.0B SEK
Latest YoY
+1.9%
Avg. growth/yr (3Y)
−1.9%
Avg. growth/yr (5Y)
+6.1%
Avg. growth/yr (19Y)
−3.0%
Revenue +3.9%/yr
FY21 kr 7.7B
FY22 kr 9.5B
FY23 kr 9.0B
FY24 kr 8.8B
FY25 kr 9.0B
Net income −7.8%/yr
FY21 kr 713M
FY22 kr 796M
FY23 kr 679M
FY24 kr 539M
FY25 kr 514M

INWI screens 19% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Inwido AB Fair Value". https://www.fairvalue-calculator.com/stock/INWI

Peer Group

Building Products & Equipment · 247 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 62 · Above median
Fair Value upside −19% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 5% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 16% · Top 25%
Dividend yield (TTM) 3.2% · Above median
Debt / equity 0.42× · Higher than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 18.8× · Cheaper than median
P/B 1.80× · Pricier than median
P/S (TTM) 1.05× · Pricier than median
P/FCF 1.6× · Cheaper than median
EV/EBITDA 9.7× · Pricier than median
PEG 2.59× · Pricier than 75% of peers

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.

VALUE 8 · sector 4
FUTURE 82 · sector 9
PAST 42 · sector 23
HEALTH 79 · sector 94
DIVIDEND 63 · sector 28

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is Inwido AB (INWI) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of kr 144.70 versus a price of kr 177.90, about −19% (overvalued).
What is the fair value of INWI?
Our model-based fair value for Inwido AB is kr 144.70 (as of Jul 19, 2026), built from audited fundamentals. The current price is kr 177.90.
What is the quality score of INWI?
Inwido AB has a Quality Score of 62/100. 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 Inwido AB (INWI)?
Inwido AB reported trailing-twelve-month revenue of about 9.1B SEK (latest available figure, as of Jul 19, 2026).
What is the net profit margin of INWI?
The net profit margin of Inwido AB is about 5.4%, meaning it keeps roughly 5.4% of revenue as net income. Based on the latest reported figures.
Does Inwido AB pay a dividend?
Inwido AB currently shows a dividend yield of about 3.95% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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