KH Group Oyj (KHG) Fair Value & Analysis
Industrials · FI · Market cap €30.9M · ISIN FI0009008924
What is KH Group Oyj really worth?
A solid business, but trading 29% above our fair value of €0.6419.
As of Aug 14, 2026, the fair value of KH Group Oyj is €0.6419 per share against a price of €0.8280, so the fair value sits 22% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
Fair value as of: Aug 14, 2026
From 4 valuation models · updated 23 days ago
Fair value updated Aug 14, 2026, revised from €0.6695 to €0.6419 (−4.1%) since Jul 17, 2026. Share price +51.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide (€0.2855 to €1.37). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.
How to read this chart
60‑month range €0.3950 – €2.44 · fair‑value band €0.2855 – €1.37 · the €0.8280 price screens above the €0.6419 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.
Analysis
KH Group Oyj (KHG) currently trades at €0.8280, while our model-based Fair Value estimate is €0.6419, implying the stock looks roughly 29.0% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bull case: the Growth DCF group reads highest at a median of €3.72 per share, and 3 of the 4 models we run sit above the €0.8280 price. Bear case: the Asset-Based group reads lowest at €0.5700, and 1 of the 4 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, KH Group Oyj generated revenue of €205M at a net margin of −0.3%. Revenue grew 14.1% year over year. It earns a return on equity of 2.0%. Net debt stands at €17.7M. Fundamentals as of Aug 14, 2026
Our scenario range runs from €0.2855 (bear case) to €1.37 (bull case); at €0.8280, 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 near its 52-week high and 112% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −39% fair-value upside, at −22%, KHG screens cheaper than that median.
Fair Value models
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.
All 4 models by family
Widest divergence: DCF Models (€9.23) versus Asset-Based (€0.5700). Highest evidence: Growth DCF (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 80
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
KH Group Oyj, a conglomerate, engages in the supply and rental of construction and earth-moving equipment in Finland, Sweden, and internationally. The company operates through KH-Koneet and Nordic Rescue Group segments.
Full company description
KH Group Oyj, a conglomerate, engages in the supply and rental of construction and earth-moving equipment in Finland, Sweden, and internationally. The company operates through KH-Koneet and Nordic Rescue Group segments. It sells and rents a range of machinery, equipment, and services for needs related to earthworks, property maintenance, and material handling. The company also engages in the manufacture, sale, distribution, maintenance, and repair of rescue vehicles. The company offers its services under Kobelco, Kramer, Wacker Neuson, Yanmar, Dynapac, Ljungby Maskin, and Pronar brands. The company was formerly known as Sievi Capital Oyj and changed its name to KH Group Oyj in May 2023. KH Group Oyj is based in Helsinki, Finland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
KH Group Oyj reported revenue of €205M in FY2025 versus €11.5M in FY2021, a compound +105.5%/yr. Reported net income was −€563K in FY2025.
KHG screens 29% overvalued. Compare with W.W. Grainger, Inc →
Peer Group
Industrial Distribution · 112 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.
Valuation Multiples vs Industrial Distribution median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| W.W. Grainger, Inc GWW | $1,306 | $613.88 | −53% |
| Fastenal Company FAST | $49.60 | $20.64 | −58% |
| Ferguson Enterprises Inc FERG | $245.18 | $148.98 | −39% |
| WESCO International, Inc WCC | $347.60 | $213.01 | −39% |
| Watsco, Inc WSO | $315.13 | $251.37 | −20% |
| Toromont Industries Ltd TIH | C$199.59 | C$127.90 | −36% |
| Applied Industrial Technologies, Inc AIT | $319.11 | $191.65 | −40% |
| Finning International Inc FTT | C$91.56 | C$76.38 | −17% |
| Addtech AB ADDTB | kr 344.00 | kr 156.35 | −55% |
| Core & Main, Inc CNM | $45.45 | $49.47 | +9% |
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