Lammhults Design Group AB (publ) (LAMM-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Lammhults Design Group AB (publ) stock SEK 16.84, price SEK 23.50, upside -28.3%, quality 63 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 3, 2026.
How to read this chart
60‑month range kr 19.48 – kr 40.90 · fair‑value band kr 15.13 – kr 23.56 · the kr 23.50 price screens above the kr 16.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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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.
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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.
Stock analysis
Lammhults Design Group AB (publ) (LAMM-B) currently trades at kr 23.50, while our model-based Fair Value estimate is kr 16.84, 28.3% 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 112.07 per share, and 9 of the 14 models we run sit above the kr 23.50 price.
Bear case: the Asset-Based group reads lowest at kr 8.42, and 5 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 15.13 (bear) to kr 23.56 (bull), the price of kr 23.50 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 63/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Lammhults Design Group AB (publ) 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.
Key figures
Market cap 199M SEK (≈ $20.0M) Micro · P/S ratio 0.24 · EPS (TTM) kr −1.30 · Dividend yield 4.3% · Net margin −1.3% · Return on equity −2.9% · Return on assets (EBIT) 0.4% · Operating margin −1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 22% fair-value upside, at −28%, LAMM-B screens richer than that median.
Fair Value models
Bearkr 15.13Fair Value kr 16.84Bullkr 23.56
Price kr 23.50 · Upside -28.3%
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.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.32/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.9%
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.
−2.1%
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.
+1.4%
Start year 2020 (pandemic). Over 10 years: +1.8% a year
Revenue growth 19 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.
+0.4%
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Profit margin (trend) ⓘ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.
−1.4% (2020) → 1.6% (2025)
What shareholders gained per year ⓘ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
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).
−22.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −24.3% a year for the price.
Compare Lammhults Design Group AB (publ) with another stock
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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.Furnishings, Fixtures & Appliances · 302 stocks
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). "Lammhults Design Group AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/LAMM-B
Frequently asked questions
Is Lammhults Design Group AB (publ) (LAMM-B) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of kr 16.84 versus a price of kr 23.50, about −28% upside (overvalued).
What is the fair value of LAMM-B?
Our model-based fair value for Lammhults Design Group AB (publ) is kr 16.84 (as of Oct 3, 2026), built from audited fundamentals. The current price: kr 23.50.
What is the quality score of LAMM-B?
Lammhults Design Group AB (publ) 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 price target for Lammhults Design Group AB (publ) (LAMM-B)?
Our model-based price target is the fair value of kr 16.84 (as of Oct 3, 2026) from 14 valuation models. Cautious scenario kr 15.13, optimistic scenario kr 23.56. It is a calculation from audited fundamentals, not an analyst target.
What is the Lammhults Design Group AB (publ) stock forecast for 2026?
Our models put fair value at kr 16.84, about −28% upside versus a price of kr 23.50 (overvalued). Cautious scenario kr 15.13, optimistic scenario kr 23.56. The calculation is refreshed regularly with new filings.
What is the revenue of Lammhults Design Group AB (publ) (LAMM-B)?
Lammhults Design Group AB (publ) reported trailing-twelve-month revenue of about 883M SEK (latest available figure, as of Oct 3, 2026).
Does Lammhults Design Group AB (publ) pay a dividend?
Lammhults Design Group AB (publ) currently shows a dividend yield of 4.26% relative to its recent price (as of Oct 3, 2026).
What growth is priced into Lammhults Design Group AB (publ) (LAMM-B)?
For today's price to be fair in a discounted-cash-flow model, Lammhults Design Group AB (publ) would have to grow free cash flow by -22.8 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.4 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of LAMM-B use?
Our models discount Lammhults Design Group AB (publ) at 8.3 %: a base by market capitalisation (nano), damped by beta 0.25, 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 Lammhults Design Group AB (publ) that is -22.8 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Lammhults Design Group AB (publ) (LAMM-B) delivered so far?
Over the past 5 years revenue at Lammhults Design Group AB (publ) grew +1.4 % a year. The price currently implies -22.8 % 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 Lammhults Design Group AB (publ) (LAMM-B) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Lammhults Design Group AB (publ) (-22.8 % 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 Lammhults Design Group AB (publ) (LAMM-B)?
The free-cash-flow yield on the price is 35.31 %: that much free cash flow Lammhults Design Group AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lammhults Design Group AB (publ) (LAMM-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lammhults Design Group AB (publ) it is kr 16.84 per share (as of Oct 3, 2026), against a price of kr 23.50. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Lammhults Design Group AB (publ) stock overvalued or undervalued in 2026?
As of Oct 3, 2026, LAMM-B trades above its calculated fair value: price kr 23.50, fair value kr 16.84, a gap of about −28% (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 LAMM-B?
No. The price is what the market pays today (kr 23.50); the fair value is what the company's own numbers justify (kr 16.84). For Lammhults Design Group AB (publ) the two are kr 6.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lammhults Design Group AB (publ) worth?
The market values Lammhults Design Group AB (publ) at about 199M SEK (market capitalisation, as of Oct 3, 2026). Per share that is kr 23.50; our models calculate a fair value of kr 16.84 per share.
What do the bullish and bearish scenarios say about LAMM-B?
Our models span a range for Lammhults Design Group AB (publ): cautious scenario kr 15.13, base kr 16.84, optimistic kr 23.56 per share (as of Oct 3, 2026, price kr 23.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of LAMM-B?
The PEG ratio of Lammhults Design Group AB (publ) is 1.89 (P/E divided by earnings growth, as of Oct 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Lammhults Design Group AB (publ) (LAMM-B)?
Balance-sheet figures for Lammhults Design Group AB (publ) (as of Oct 3, 2026): return on equity −2.9%, debt of 0.02 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is LAMM-B from its 52-week high?
Lammhults Design Group AB (publ) trades at kr 23.50, about 41% below its 52-week high of kr 39.94 and 15% above the low of kr 20.40 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 16.84 is for.
Which stocks are comparable to Lammhults Design Group AB (publ)?
From the same area (Consumer Cyclical) we also value Midea Group, King Slide Works Co, Gree Electric Appliances, Inc, Haier Smart Home Co, 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 Lammhults Design Group AB (publ) stock attractive at the current price?
The data as of Oct 3, 2026: price kr 23.50, calculated fair value kr 16.84 (−28%), Quality Score 63/100, from 14 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 LAMM-B calculated?
We run Lammhults Design Group AB (publ) through 14 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 16.84, 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. Lammhults Design 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 Lammhults Design Group AB (publ) (LAMM-B)?
The closing price on Oct 19, 2026 was kr 23.50. Our model-based fair value is kr 16.84, about −28% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lammhults Design Group AB (publ) right 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.
Key figures of Lammhults Design Group AB (publ)
How large is the market capitalisation of Lammhults Design Group AB (publ) (LAMM-B)?
The market capitalisation of Lammhults Design Group AB (publ) is 199M SEK (≈ $20.0M). 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 Lammhults Design Group AB (publ) (LAMM-B)?
The price-to-sales ratio of Lammhults Design Group AB (publ) is 0.24 (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 Lammhults Design Group AB (publ) (LAMM-B)?
Earnings per share at Lammhults Design Group AB (publ) are kr −1.30. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lammhults Design Group AB (publ) (LAMM-B)?
The dividend yield of Lammhults Design Group AB (publ) is 4.3%. 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 Lammhults Design Group AB (publ) (LAMM-B)?
The net margin of Lammhults Design Group AB (publ) is −1.3% (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 Lammhults Design Group AB (publ) (LAMM-B)?
The return on equity (ROE) of Lammhults Design Group AB (publ) is −2.9% (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 Lammhults Design Group AB (publ) (LAMM-B)?
On an EBIT basis the return on assets of Lammhults Design Group AB (publ) is 0.4% (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 Lammhults Design Group AB (publ) (LAMM-B)?
The operating margin of Lammhults Design Group AB (publ) is −1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lammhults Design Group AB (publ) (LAMM-B)?
Revenue at Lammhults Design Group AB (publ) is growing +3.3% versus a year earlier (3y avg −2.1%). 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 Lammhults Design Group AB (publ) (LAMM-B)?
Earnings per share at Lammhults Design Group AB (publ) are growing +14.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lammhults Design Group AB (publ) (LAMM-B) carry?
The net debt of Lammhults Design Group AB (publ) is 118M SEK (fiscal year 2025, ≈ 1.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 3, 2026