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Lindab International AB (LIAB) Fair Value & Analysis

Industrials · SE · Market cap 10.3B SEK

LI Lindab International AB LIAB · ST
Pricekr 131.10
Fair Valuekr 171.84
Upside+31.1%
Quality62/100
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Mixed Growth
Thin margins · 5.7% net margin
Low debt · generates free cash flow
4.25% dividend yield
Ranks above peers (11/15)
Narrow moat 42/100
Evidence: High Range kr 105.00 – kr 250.34 Share as image

Fair value as of: Jul 12, 2026

From 23 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from kr 172.30 to kr 171.84 (−0.3%) since Jun 24, 2026. Share price −0.5% over the past month.

A solid business, screening 31% undervalued on our models.

What matters now

  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (kr 105.00 to kr 250.34) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 283.89 kr 102.50 Fair Value kr 171.84 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range kr 102.50 – kr 283.89 · fair‑value band kr 105.00 – kr 250.34 · the kr 131.10 price screens below the kr 171.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Lindab International AB (LIAB) currently trades at kr 131.10, while our model-based Fair Value estimate is kr 171.84, implying the stock looks roughly 31.1% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Lindab International AB generated revenue of 12.6B SEK at a net margin of 5.7%. Revenue declined 6.6% year over year. It earns a return on equity of 9.8%. Net debt stands at 4.0B SEK. Fundamentals as of Jul 12, 2026

Our scenario range runs from kr 105.00 (bear case) to kr 250.34 (bull case); at kr 131.10, 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, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at 31%, LIAB 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 113.93 kr 176.14 kr 262.24 80
Residual Income kr 84.36 kr 94.52 kr 157.31 76
Rev-Margin DCF kr 96.78 kr 165.88 kr 241.62 74
All 23 models by family
DCF Models
FCF DCF kr 110.22 kr 178.11 kr 276.78 38
Owner Earnings kr 133.73 kr 212.78 kr 327.67 31
5Y Revenue Exit kr 96.78 kr 164.61 kr 248.62 39
5Y EBITDA Exit kr 150.58 kr 261.67 kr 387.45 41
5Y P/E Exit kr 106.10 kr 181.43 kr 257.30 38
10Y Revenue Exit kr 96.65 kr 158.63 kr 236.56 36
10Y EBITDA Exit kr 134.25 kr 224.73 kr 339.05 37
10Y P/E Exit kr 106.30 kr 170.08 kr 242.97 35
Earnings-Based
Graham-Dodd kr 67.09 kr 171.70 kr 223.44 54
PEG = 1.0 kr 32.11 kr 45.87 kr 59.64 46
EPV kr 86.97 kr 106.93 kr 124.40 59
Multiples
P/E Multiple kr 155.38 kr 207.18 kr 258.97 63
P/S Multiple kr 125.79 kr 167.71 kr 209.64 58
P/B Multiple kr 125.79 kr 167.71 kr 209.64 55
EV/EBIT kr 148.73 kr 209.25 kr 269.77 53
EV/EBITDA kr 201.44 kr 279.53 kr 357.62 54
EV/Revenue kr 96.76 kr 152.29 kr 207.83 43
Asset-Based
NCAV (Graham) kr 47.50 kr 63.66 kr 95.01 50
Growth DCF
Growth DCF kr 113.93 kr 176.14 kr 262.24 80
Rev-Margin DCF kr 96.78 kr 165.88 kr 241.62 74
Economic Profit
Residual Income kr 84.36 kr 94.52 kr 157.31 76
ROIC Compounder kr 86.97 kr 112.00 kr 144.61 72
Growth Earnings
Growth-Adj P/E kr 120.59 kr 172.27 kr 223.95 68

Widest divergence: DCF Models (kr 178.11) versus Asset-Based (kr 63.66). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 12.6B SEK
Revenue growth (YoY) -6.6%
Net margin 5.7%
Return on equity 9.8%
Free cash flow 1.0B SEK FY2025
P/E ratio 14.9
More key figures
Operating margin 6.3%
EPS (TTM) kr 9.38
Dividend yield 4.0%
EPS growth (YoY) -25.6%
Net debt 4.0B SEK FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 61 · Market factors (momentum, volatility) 22

Profitability 46
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 83
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

Lindab International AB (publ) manufactures and sells products and solutions for ventilation systems. It operates through Ventilation Systems and Profile Systems segments.

Full company description

Lindab International AB (publ) manufactures and sells products and solutions for ventilation systems. It operates through Ventilation Systems and Profile Systems segments. The Ventilation Systems segment offers air duct systems with accessories and indoor climate solutions for ventilation, as well as cooling and heating solutions for installers and other customers in the ventilation industry. The Profile Systems segment provides products and systems, such as sheet metal for rainwater systems; roof and wall products; and steel profiles for wall, roof, and beam structures for the construction industry. It also offers air distribution, air diffusion, fire and safety, and demand-controlled ventilation systems; and roof, wall and facade, and rainwater systems. It serves Sweden, Denmark, Germany, France, the United Kingdom, Norway, Ireland, the Netherlands, Poland, Finland, Italy, the United States, Switzerland, and internationally. The company was formerly known as Lindab Intressenter AB and changed its name to Lindab International AB (publ) in May 2006. Lindab International AB (publ) was founded in 1959 and is headquartered in Båstad, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lindab International AB reported revenue of kr 12.9B in FY2025 versus kr 9.6B in FY2021, a compound +7.4%/yr. Reported net income was kr 760M in FY2025, compounding +9.1%/yr from FY2021.

Growth Quality 63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
12.9B SEK
Latest YoY
−3.5%
Avg. growth/yr (3Y)
+1.3%
Avg. growth/yr (5Y)
+7.0%
Avg. growth/yr (25Y)
+4.4%
Revenue +7.4%/yr
FY21 kr 9.6B
FY22 kr 12.4B
FY23 kr 13.1B
FY24 kr 13.3B
FY25 kr 12.9B
Net income +9.1%/yr
FY21 kr 537M
FY22 kr 974M
FY23 kr 849M
FY24 kr 315M
FY25 kr 760M

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Cite: Fair Value Calculator (2026). "Lindab International AB Fair Value". https://www.fairvalue-calculator.com/stock/LIAB

Peer Group

Building Products & Equipment · 247 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 62 · Above median
Fair Value upside +31% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth -7% · Below median
Dividend yield (TTM) 4.3% · Top 25%
Debt / equity 0.41× · Higher than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 14.2× · Cheaper than median
P/B 1.41× · Pricier than median
P/S (TTM) 0.81× · Cheaper than median
P/FCF 1.1× · Cheaper than median
EV/EBITDA 10.6× · Pricier than median
PEG 0.25× · Cheaper 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 75 · sector 4
FUTURE 0 · sector 9
PAST 39 · sector 23
HEALTH 80 · sector 94
DIVIDEND 85 · sector 28

Insider activity: 40/100

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is Lindab International AB (LIAB) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of kr 171.84 versus a price of kr 131.10, about +31% (undervalued).
What is the fair value of LIAB?
Our model-based fair value for Lindab International AB is kr 171.84 (as of Jul 12, 2026), built from audited fundamentals. The current price is kr 131.10.
What is the quality score of LIAB?
Lindab International AB has a Quality Score of 62/100. 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 Lindab International AB (LIAB)?
Lindab International AB reported trailing-twelve-month revenue of about 12.6B SEK (latest available figure, as of Jul 12, 2026).
What is the net profit margin of LIAB?
The net profit margin of Lindab International AB is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does Lindab International AB pay a dividend?
Lindab International AB currently shows a dividend yield of about 4.01% relative to its recent price (as of Jul 12, 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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