KABE Group AB (publ.) (KABE-B) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of KABE Group AB (publ.) stock SEK 199, price SEK 237, upside -16.0%, quality 56 out of 100. Rating: overvalued. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 13, 2026.
How to read this chart
60‑month range kr 147.03 – kr 381.24 · fair‑value band kr 149.29 – kr 248.81 · the kr 237.00 price screens above the kr 199.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
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KABE Group AB (publ.), together with its subsidiaries, manufactures and sells caravans, motorhomes, and camping accessories in Sweden, the United Kingdom, Germany, Norway, Finland, Denmark, Poland, and internationally.
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The company operates in three segments: Caravans and Motorhomes, Accessories, and Other. It is involved in the production, development, logistics, marketing, and sale of caravans, motorhomes, transport vehicles, and other mobile units, as well as camping accessories and equipment.
The company offers its products under the KABE, Adria, Sun Living, Coachman, Affinity, and KAMA Fritid brand names. It exports and distributes its products through local independent dealerships.
The company was formerly known as KABE AB (publ.) and changed its name to KABE Group AB (publ.) in July 2018. KABE Group AB (publ.) was founded in 1957 and is headquartered in Tenhult, Sweden.
Stock analysis
KABE Group AB (publ.) (KABE-B) currently trades at kr 237.00, while our model-based Fair Value estimate is kr 199.05, 16.0% 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 273.11 per share, and 8 of the 26 models we run sit above the kr 237.00 price.
Bear case: the Dividend Discount group reads lowest at kr 54.29, and 18 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 149.29 (bear) to kr 248.81 (bull), the price of kr 237.00 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 56/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
KABE Group AB (publ.) reported revenue of 3.2B SEK in FY2025 versus 3.3B SEK in FY2021, a compound −0.4%/yr. Reported net income was 76.0M SEK in FY2025, compounding −22.6%/yr from FY2021.
Key figures
Market cap 2.1B SEK (≈ $215M) Micro · P/E ratio 16.5 · P/S ratio 0.65 · EPS (TTM) kr 14.88 · Dividend yield 1.7% · Net margin 4.1% · Return on equity 7.3% · Return on assets (EBIT) 9.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (medium confidence).
What moves the price
The share trades about 4% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 69% fair-value upside, at −16%, KABE-B screens richer than that median.
Fair Value models
Bearkr 149.29Fair Value kr 199.05Bullkr 248.81
Price kr 237.00 · Upside -16.0%
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 8.73 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−15.4%
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.
−4.3%
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.
+8.5%
Start year 2020 (pandemic). Over 10 years: +6.6% a year
Revenue growth 17 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.
+5.2%
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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.
−6.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.4%
Dividend (yield on the price)1.7%
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.−8.4% vs −1.1%, 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.4% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+0.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about −1.6% a year for the price.
Price, fair value, quality and upside side by side.
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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.Recreational Vehicles · 38 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−16.0% · Below median
Profitability
Return on equity (12 months)7.3% · Above median
Return on assets3.2% · Above median
Net margin (12 months)4.1% · Above median
Operating margin (12 months)8.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)16.6% · Above median
Dividend yield (12 months)1.7% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Recreational Vehicles median · lower = cheaper
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). "KABE Group AB (publ.) Fair Value". https://www.fairvalue-calculator.com/stock/KABE-B
Frequently asked questions
Is KABE Group AB (publ.) (KABE-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 199.05 versus a price of kr 237.00, about −16% upside (overvalued).
What is the fair value of KABE-B?
Our model-based fair value for KABE Group AB (publ.) is kr 199.05 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 237.00.
What is the quality score of KABE-B?
KABE Group AB (publ.) has a Quality Score of 56/100. 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 KABE Group AB (publ.) (KABE-B)?
Our model-based price target is the fair value of kr 199.05 (as of Oct 13, 2026) from 26 valuation models. Cautious scenario kr 149.29, optimistic scenario kr 248.81. It is a calculation from audited fundamentals, not an analyst target.
What is the KABE Group AB (publ.) stock forecast for 2026?
Our models put fair value at kr 199.05, about −16% upside versus a price of kr 237.00 (overvalued). Cautious scenario kr 149.29, optimistic scenario kr 248.81. The calculation is refreshed regularly with new filings.
What is the revenue of KABE Group AB (publ.) (KABE-B)?
KABE Group AB (publ.) reported trailing-twelve-month revenue of about 3.3B SEK (latest available figure, as of Oct 13, 2026).
Does KABE Group AB (publ.) pay a dividend?
KABE Group AB (publ.) currently shows a dividend yield of 1.69% relative to its recent price (as of Oct 13, 2026).
What growth is priced into KABE Group AB (publ.) (KABE-B)?
For today's price to be fair in a discounted-cash-flow model, KABE Group AB (publ.) would have to grow free cash flow by +0.4 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.5 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of KABE-B use?
Our models discount KABE Group AB (publ.) at 11.1 %: a base by market capitalisation (micro), damped by beta 0.54, 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 KABE Group AB (publ.) that is +0.4 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has KABE Group AB (publ.) (KABE-B) delivered so far?
Over the past 5 years revenue at KABE Group AB (publ.) grew +8.5 % a year. The price currently implies +0.4 % per year free-cash-flow growth a 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 KABE Group AB (publ.) (KABE-B) growing?
The median revenue growth in the sector is +4.3 % a year. That is the yardstick for the growth priced into KABE Group AB (publ.) (+0.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KABE Group AB (publ.) (KABE-B)?
The free-cash-flow yield on the price is 9.10 %: that much free cash flow KABE Group AB (publ.) produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KABE Group AB (publ.) (KABE-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KABE Group AB (publ.) it is kr 199.05 per share (as of Oct 13, 2026), against a price of kr 237.00. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is KABE Group AB (publ.) stock overvalued or undervalued in 2026?
As of Oct 13, 2026, KABE-B trades above its calculated fair value: price kr 237.00, fair value kr 199.05, 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 KABE-B?
No. The price is what the market pays today (kr 237.00); the fair value is what the company's own numbers justify (kr 199.05). For KABE Group AB (publ.) the two are kr 37.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is KABE Group AB (publ.) worth?
The market values KABE Group AB (publ.) at about 2.1B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 237.00; our models calculate a fair value of kr 199.05 per share.
What do the bullish and bearish scenarios say about KABE-B?
Our models span a range for KABE Group AB (publ.): cautious scenario kr 149.29, base kr 199.05, optimistic kr 248.81 per share (as of Oct 13, 2026, price kr 237.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KABE-B?
KABE Group AB (publ.) trades at a price-to-earnings ratio of 16.5 (as of Oct 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 199.05 is built from several models across several years. Other multiples: PEG 1.9, P/B 1.2, P/S 0.6, EV/EBITDA 10.0.
What is the PEG ratio of KABE-B?
The PEG ratio of KABE Group AB (publ.) is 1.89 (P/E divided by earnings growth, as of Oct 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of KABE Group AB (publ.) (KABE-B)?
Balance-sheet figures for KABE Group AB (publ.) (as of Oct 13, 2026): return on equity 7.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is KABE-B from its 52-week high?
KABE Group AB (publ.) trades at kr 237.00, about 4% below its 52-week high of kr 247.00 and 41% above the low of kr 168.25 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of kr 199.05 is for.
Which stocks are comparable to KABE Group AB (publ.)?
From the same area (Consumer Cyclical) we also value Zhejiang Cfmoto Power Co, Brunswick Corporation, BRP Inc, THOR Industries, 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 KABE Group AB (publ.) stock attractive at the current price?
The data as of Oct 13, 2026: price kr 237.00, calculated fair value kr 199.05 (−16%), Quality Score 56/100, from 26 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 KABE-B calculated?
We run KABE Group AB (publ.) through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 199.05, 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 13.9 % above its aggregate fair value. KABE Group AB (publ.) 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 KABE Group AB (publ.) (KABE-B)?
The closing price on Oct 20, 2026 was kr 237.00. Our model-based fair value is kr 199.05, about −16% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KABE Group AB (publ.) right now?
Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of KABE Group AB (publ.) (KABE-B) come from?
Earnings per share at KABE Group AB (publ.) grew +6.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.1 %, EBIT margin −2.6 %, tax rate −0.3 %, residual (interest, one-offs) +0.6 %. 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 KABE Group AB (publ.)
How large is the market capitalisation of KABE Group AB (publ.) (KABE-B)?
The market capitalisation of KABE Group AB (publ.) is 2.1B SEK (≈ $215M). 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 KABE Group AB (publ.) (KABE-B)?
The price-to-sales ratio of KABE Group AB (publ.) is 0.65 (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 KABE Group AB (publ.) (KABE-B)?
Earnings per share at KABE Group AB (publ.) are kr 14.88 (price ÷ EPS = P/E 16.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of KABE Group AB (publ.) (KABE-B)?
The dividend yield of KABE Group AB (publ.) is 1.7% (payout 26.9%). 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 KABE Group AB (publ.) (KABE-B)?
The net margin of KABE Group AB (publ.) is 4.1% (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 KABE Group AB (publ.) (KABE-B)?
The return on equity (ROE) of KABE Group AB (publ.) is 7.3% (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 KABE Group AB (publ.) (KABE-B)?
On an EBIT basis the return on assets of KABE Group AB (publ.) is 9.5% (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 KABE Group AB (publ.) (KABE-B)?
The operating margin of KABE Group AB (publ.) is 8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KABE Group AB (publ.) (KABE-B)?
Revenue at KABE Group AB (publ.) is growing +16.6% versus a year earlier (3y avg −4.3%). 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 KABE Group AB (publ.) (KABE-B)?
Earnings per share at KABE Group AB (publ.) are growing +94.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does KABE Group AB (publ.) (KABE-B) hold?
KABE Group AB (publ.) holds more cash than debt, 118M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 13, 2026