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ISS A/S (ISS) Fair Value & Analysis

Industrials · DK · Market cap 45.0B DKK

IA ISS A/S ISS · CO
Pricekr 277.40
Fair Valuekr 251.13
Upside-9.5%
Quality65/100
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Healthy Growth
Thin margins · 3.1% net margin
Moderate debt · generates free cash flow
1.13% dividend yield
Trails peers (5/15)
Moderate moat 49/100
Evidence: High Range kr 146.88 – kr 391.14 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from kr 249.71 to kr 251.13 (+0.6%) since Jun 24, 2026. Share price −3.2% over the past month.

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

What matters now

  • The model range is unusually wide (kr 146.88 to kr 391.14). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

kr 295.00 kr 92.04 Fair Value kr 251.13 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range kr 92.04 – kr 295.00 · fair‑value band kr 146.88 – kr 391.14 · the kr 277.40 price screens above the kr 251.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

ISS A/S (ISS) currently trades at kr 277.40, while our model-based Fair Value estimate is kr 251.13, implying the stock looks roughly 9.5% fairly valued today. The Quality Score stands at 65/100 (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, ISS A/S generated revenue of 84.7B DKK at a net margin of 3.1%. It earns a return on equity of 23.3%. Net debt stands at 13.3B DKK. The stock trades on a trailing P/E of 17.1. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 146.88 (bear case) to kr 391.14 (bull case); at kr 277.40, 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 5% below its 52-week high and 64% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -9%, ISS 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 146.78 kr 227.42 kr 349.96 80
Residual Income kr 114.10 kr 160.62 kr 1,096 76
Rev-Margin DCF kr 140.04 kr 249.70 kr 373.74 74
All 24 models by family
DCF Models
FCF DCF kr 138.91 kr 222.97 kr 358.29 38
Owner Earnings kr 156.36 kr 247.13 kr 393.24 31
5Y Revenue Exit kr 140.04 kr 246.46 kr 387.06 39
5Y EBITDA Exit kr 196.25 kr 343.56 kr 520.05 41
5Y P/E Exit kr 144.53 kr 254.22 kr 371.57 38
10Y Revenue Exit kr 131.09 kr 224.78 kr 335.11 36
10Y EBITDA Exit kr 172.42 kr 289.44 kr 426.84 37
10Y P/E Exit kr 140.46 kr 229.95 kr 324.42 35
Earnings-Based
Graham-Dodd kr 113.33 kr 217.05 kr 270.69 54
EPV kr 127.28 kr 161.81 kr 192.01 59
Dividend Discount
Gordon GGM kr 31.39 kr 43.28 kr 55.38 70
DDM Multi-Stage kr 31.39 kr 43.64 kr 58.05 61
Multiples
P/E Multiple kr 262.48 kr 349.98 kr 437.47 63
P/S Multiple kr 212.49 kr 283.32 kr 354.14 58
P/B Multiple kr 211.24 kr 281.66 kr 352.07 55
EV/EBIT kr 252.63 kr 363.46 kr 474.29 53
EV/EBITDA kr 277.46 kr 396.57 kr 515.67 54
EV/Revenue kr 157.45 kr 259.15 kr 360.85 43
Asset-Based
NCAV (Graham) kr 31.30 kr 41.94 kr 62.59 50
Growth DCF
Growth DCF kr 146.78 kr 227.42 kr 349.96 80
Rev-Margin DCF kr 140.04 kr 249.70 kr 373.74 74
Economic Profit
Residual Income kr 114.10 kr 160.62 kr 1,096 76
ROIC Compounder kr 131.97 kr 175.90 kr 221.73 72
Growth Earnings
Growth-Adj P/E kr 188.19 kr 268.84 kr 349.49 68

Widest divergence: Multiples (kr 283.32) versus Asset-Based (kr 41.94). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 84.7B DKK
Net margin 3.1%
Return on equity 23.3%
Free cash flow 3.3B DKK FY2025
P/E ratio 18.7
Operating margin 5.4%
More key figures
EPS (TTM) kr 15.40
Dividend yield 1.1%
EPS growth (YoY) +0.1%
Net debt 13.3B DKK FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 61 · Market factors (momentum, volatility) 79

Profitability 55
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 88
Distance to the 52-week high (market factor)
Net Issuance 100
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

ISS A/S operates as workplace experience and facility management company in the United Kingdom, Ireland, the United States, Canada, Switzerland, Germany, Australia, New Zealand, Türkiye, Spain, Denmark, and internationally.

Full company description

ISS A/S operates as workplace experience and facility management company in the United Kingdom, Ireland, the United States, Canada, Switzerland, Germany, Australia, New Zealand, Türkiye, Spain, Denmark, and internationally. The company offers space office, space plus, and space production; transportation and infrastructure cleaning, food hygiene, and hospitality and cleaning services; and catering, fine dining and event catering; and micro-kitchens and vending services, as well as operates restaurants and pop-ups. It also provides security services comprising front of house, concierge and manned guarding, video surveillance, and technical services. In addition, the company offers support services, which include front desk and reception, meeting and conference management, switchboards and service desk, concierge, mail and courier, document, executive and administrative support, and experience curation and management services. Further, the company provides energy management, asset management, critical environments, and waste management services. Additionally, it designs and delivers workplace strategies and solutions, such as portfolio strategy, curated experience and workplace strategy, workplace and service design, relocation strategy, capital projects, and mental rebuild services. It serves financial and professional services, life science, and technology industries. ISS A/S was founded in 1901 and is headquartered in Søborg, Denmark.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ISS A/S reported revenue of kr 84.7B in FY2025 versus kr 71.4B in FY2021, a compound +4.4%/yr. Reported net income was kr 2.6B in FY2025, compounding +43.4%/yr from FY2021.

Growth Quality 66/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
84.7B DKK
Latest YoY
+1.1%
Avg. growth/yr (3Y)
+3.4%
Avg. growth/yr (5Y)
+3.9%
Avg. growth/yr (25Y)
+4.4%
Revenue +4.4%/yr
FY21 kr 71.4B
FY22 kr 76.5B
FY23 kr 78.7B
FY24 kr 83.8B
FY25 kr 84.7B
Net income +43.4%/yr
FY21 kr 615M
FY22 kr 2.1B
FY23 kr 279M
FY24 kr 2.6B
FY25 kr 2.6B

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Cite: Fair Value Calculator (2026). "ISS A/S Fair Value". https://www.fairvalue-calculator.com/stock/ISS

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Business Services · 255 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 65 · Top 25%
Fair Value upside −10% · Below median
Return on equity (TTM) 23% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 1.1% · Below median
Debt / equity 1.45× · Higher than 75% of peers

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 18.7× · Pricier than median
P/B 4.60× · Pricier than 75% of peers
P/S (TTM) 0.53× · Cheaper than median
P/FCF 2.1× · Cheaper than median
EV/EBITDA 13.2× · Pricier than median
PEG 2.91× · 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 21 · sector 24
FUTURE 0 · sector 25
PAST 93 · sector 33
HEALTH 27 · sector 92
DIVIDEND 23 · sector 54

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is ISS A/S (ISS) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 251.13 versus a price of kr 277.40, about −9% (fairly valued).
What is the fair value of ISS?
Our model-based fair value for ISS A/S is kr 251.13 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 277.40.
What is the quality score of ISS?
ISS A/S has a Quality Score of 65/100. 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 ISS A/S (ISS)?
ISS A/S reported trailing-twelve-month revenue of about 84.7B DKK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of ISS?
The net profit margin of ISS A/S is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does ISS A/S pay a dividend?
ISS A/S currently shows a dividend yield of about 1.21% relative to its recent price (as of Jul 18, 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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