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Lammhults Design Group (LAMM-B) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 181M SEK (≈ $18.9M) · ISIN SE0000386138

What is Lammhults Design Group really worth?

LD Lammhults Design Group LAMM-B · ST
Pricekr 23.20
Fair Valuekr 15.65
Upside−32.5%
Quality63/100

A solid business, but trading 48% above our fair value of kr 15.65.

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Strengths

Low debt · generates free cash flow
Ranks above peers (8/13)

Risks

!Weak Growth (revenue 5y +1.4 %/yr)
!Loss-making · -1.0% net margin
!Narrow moat 20/100
!Evidence only medium, so the estimate is less certain

For context

·4.31% dividend yield
Evidence: Medium Range kr 13.09 – kr 23.56

Fair value as of: Aug 14, 2026

From 14 valuation models · updated 22 days ago

Share price +5.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid but not exceptional quality (63/100) 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.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

kr 40.90 kr 19.48 Fair Value kr 15.65 Jun 2021 Sep 2026

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 kr 19.48 – kr 40.90 · fair‑value band kr 13.09 – kr 23.56 · the kr 23.20 price screens above the kr 15.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.

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Analysis

Lammhults Design Group (LAMM-B) currently trades at kr 23.20, while our model-based Fair Value estimate is kr 15.65, implying the stock looks roughly 48.2% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of kr 67.33 per share, and 12 of the 14 models we run sit above the kr 23.20 price. Bear case: the Earnings-Based group reads lowest at kr 13.09, and 2 of the 14 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Lammhults Design Group generated revenue of 876M SEK at a net margin of −1.0%. Revenue declined 1.1% year over year. It earns a return on equity of −2.2%. Net debt stands at 118M SEK. Fundamentals as of Aug 14, 2026

Our scenario range runs from kr 13.09 (bear case) to kr 23.56 (bull case); at kr 23.20, 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 45% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −9% fair-value upside, at −33%, LAMM-B screens richer 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.

Model 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. Evidence
Highest evidence
FCF DCF best evidence kr 75.80 kr 92.36 kr 121.12 82
Growth DCF kr 77.35 kr 93.00 kr 117.98 80
Owner Earnings kr 37.47 kr 44.98 kr 58.03 78
All 14 models by family
DCF Models
FCF DCF best evidence kr 75.80 kr 92.36 kr 121.12 82
Owner Earnings kr 37.47 kr 44.98 kr 58.03 78
5Y Revenue Exit kr 46.89 kr 54.64 kr 66.24 74
5Y EBITDA Exit kr 70.11 kr 94.22 kr 127.06 76
10Y Revenue Exit kr 59.89 kr 67.33 kr 74.59 68
10Y EBITDA Exit kr 72.36 kr 89.09 kr 106.93 70
Earnings-Based
EPV kr 12.29 kr 13.09 kr 13.74 74
Multiples
EV/EBIT kr 29.39 kr 37.30 kr 45.22 66
EV/EBITDA kr 74.70 kr 97.72 kr 120.74 67
EV/Revenue kr 22.59 kr 29.85 kr 37.12 54
Asset-Based
NCAV (Graham) kr 26.30 kr 35.24 kr 52.60 54
Growth DCF
Growth DCF kr 77.35 kr 93.00 kr 117.98 80
Rev-Margin DCF kr 46.89 kr 56.59 kr 69.98 74
Economic Profit
ROIC Compounder kr 12.29 kr 13.09 kr 13.74 72

Widest divergence: DCF Models (kr 67.33) versus Earnings-Based (kr 13.09). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/S ratio 0.21 TTM
EPS (TTM) kr −1.30
Dividend yield 4.3%
Net margin −0.6% FY2025
Return on equity −2.2% TTM
Return on assets (EBIT) 0.4% avg 5y
More key figures
Profitability
Operating margin 0.2% TTM
Growth
Revenue (TTM) 876M SEK TTM
Revenue growth (YoY) −1.1% 3y avg −2.1%
EPS growth (YoY) +14.5%
Balance sheet & cash flow
Free cash flow 70.1M SEK FY2025
Net debt 118M SEK FY2025 · ≈ 1.7 yrs of FCF

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 28

Profitability 39
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 9
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.

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

Lammhults Design Group AB (publ), together with its subsidiaries, engages in the design, development, and sale of office and library interiors in Sweden and internationally. It markets and sells its products under the Abstracta, Fora Form, Lammhults, Morgana, Ragnars, BCI, Eurobib Direct, and Schulz Speyer brands.

Full company description

Lammhults Design Group AB (publ), together with its subsidiaries, engages in the design, development, and sale of office and library interiors in Sweden and internationally. It markets and sells its products under the Abstracta, Fora Form, Lammhults, Morgana, Ragnars, BCI, Eurobib Direct, and Schulz Speyer brands. The company was formerly known as Expanda AB and changed its name to Lammhults Design Group AB (publ) in June 2008. The company was founded in 1988 and is based in Lammhult, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lammhults Design Group reported revenue of 879M SEK in FY2025 versus 828M SEK in FY2021, a compound +1.5%/yr. Reported net income was −4.9M SEK in FY2025.

Growth Quality 32/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
879M SEK
Latest YoY
+0.9%
Avg. revenue growth/yr (3Y) 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.
−2.1%
Avg. revenue growth/yr (5Y) 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.
+1.4%
Avg. revenue growth/yr (19Y) 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.
+0.4%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +1.5%/yr
FY21 828M SEK
FY22 937M SEK
FY23 959M SEK
FY24 871M SEK
FY25 879M SEK
Net income
FY21 27.5M SEK
FY22 26.0M SEK
FY23 2.6M SEK
FY24 −89.5M SEK
FY25 −4.9M SEK

LAMM-B screens 48% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "Lammhults Design Group Fair Value". https://www.fairvalue-calculator.com/stock/LAMM-B

Peer Group

Furnishings, Fixtures & Appliances · 317 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 63 · Top 25%
Fair Value upside −33% · Below median
Return on assets 2% · Above median
Net margin (TTM) −1% · Bottom 25%
Operating margin (TTM) 0% · Below median
Revenue growth −1% · Above median
Dividend yield (TTM) 4.3% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than 75% of peers
PEG 1.89× · Pricier than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 21
FUTURE0 · sector 0
PAST0 · sector 19
HEALTH99 · sector 98
DIVIDEND86 · sector 58

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥86.98 ¥99.66 +15%
Gree Electric Appliances, Inc 000651 ¥41.58 ¥86.91 +109%
Haier Smart Home Co 600690 ¥21.79 ¥36.04 +65%
King Slide Works Co 2059 12,500 TWD 1,917 TWD −85%
Guangdong Songfa Ceramics Co 603268 ¥173.26 ¥38.83 −78%
SharkNinja, Inc SN $181.24 $89.07 −51%
Somnigroup International Inc SGI $63.65 $31.69 −50%
Mohawk Industries, Inc MHK $131.70 $119.26 −9%
Hisense Home Appliances Group 000921 ¥26.12 ¥50.62 +94%
Alliance Laundry Holdings ALH $25.91 $7.74 −70%

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Frequently asked questions

Is Lammhults Design Group (LAMM-B) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of kr 15.65 versus a price of kr 23.20, about −33% upside (overvalued).
What is the fair value of LAMM-B?
Our model-based fair value for Lammhults Design Group is kr 15.65 (as of Aug 14, 2026), built from audited fundamentals. The current price: kr 23.20.
What is the quality score of LAMM-B?
Lammhults Design Group has a Quality Score of 63/100. 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 Lammhults Design Group (LAMM-B)?
Lammhults Design Group reported trailing-twelve-month revenue of about 876M SEK (latest available figure, as of Aug 14, 2026).
What is the net profit margin of LAMM-B?
The net profit margin of Lammhults Design Group is about −1.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Lammhults Design Group pay a dividend?
Lammhults Design Group currently shows a dividend yield of about 4.31% relative to its recent price (as of Aug 14, 2026).
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