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Lifco AB (LIFCO-B) Fair Value & Analysis

Industrials · SE · Market cap 149B SEK (≈ $15.6B) · ISIN SE0015949201

What is Lifco AB really worth?

LA Lifco AB LIFCO-B · ST
Pricekr 314.20
Fair Valuekr 180.01
Upside−42.7%
Quality67/100

A solid business, but trading 75% above our fair value of kr 180.01.

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Strengths

Healthy Growth (revenue 5y +15.4 %/yr)
Solidly profitable · 13.2% net margin
Low debt · generates free cash flow
Wide moat 70/100

Risks

!Mixed vs. peers (6/14)
!Weak on dividend: 17 out of 100

For context

·0.86% dividend yield
Evidence: High Range kr 124.27 – kr 258.62

Fair value as of: Aug 23, 2026

From 11 valuation models · updated 13 days ago

Share price −5.5% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (kr 258.62). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 124.27 to kr 258.62) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

kr 401.82 kr 140.92 Fair Value kr 180.01 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range kr 140.92 – kr 401.82 · fair‑value band kr 124.27 – kr 258.62 · the kr 314.20 price screens above the kr 180.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.

Full chart & analysis →

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Analysis

Lifco AB (LIFCO-B) currently trades at kr 314.20, while our model-based Fair Value estimate is kr 180.01, implying the stock looks roughly 74.6% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of kr 229.40 per share, and 0 of the 11 models we run sit above the kr 314.20 price. Bear case: the Asset-Based group reads lowest at kr 30.25, and 11 of the 11 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Lifco AB generated revenue of 28.5B SEK at a net margin of 13.0%. Revenue grew 3.6% year over year. It earns a return on equity of 19.3%. Net debt stands at 9.1B SEK. Fundamentals as of Aug 23, 2026

Our scenario range runs from kr 124.27 (bear case) to kr 258.62 (bull case); at kr 314.20, the current price sits above 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 22% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 34% fair-value upside, at −43%, LIFCO-B screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 3.92 per share, which is 2.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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
Growth DCF best evidence kr 136.04 kr 251.96 kr 453.18 75
Owner Earnings kr 149.60 kr 288.93 kr 539.48 73
Rev-Margin DCF kr 95.17 kr 167.20 kr 262.84 71
All 11 models by family
DCF Models
Owner Earnings kr 149.60 kr 288.93 kr 539.48 73
5Y P/E Exit kr 123.95 kr 229.40 kr 352.00 69
10Y P/E Exit kr 127.49 kr 226.07 kr 369.41 62
Earnings-Based
Graham-Dodd kr 58.29 kr 293.51 kr 405.22 64
Lynch FV kr 79.56 kr 113.66 kr 147.76 61
Multiples
P/E Multiple kr 135.00 kr 180.01 kr 225.01 63
P/B Multiple kr 109.29 kr 145.72 kr 182.15 55
Asset-Based
NCAV (Graham) kr 22.58 kr 30.25 kr 45.15 54
Growth DCF
Growth DCF best evidence kr 136.04 kr 251.96 kr 453.18 75
Rev-Margin DCF kr 95.17 kr 167.20 kr 262.84 71
Economic Profit
Residual Income kr 56.30 kr 74.44 kr 280.42 64

Widest divergence: DCF Models (kr 229.40) versus Asset-Based (kr 30.25). Highest evidence: Growth DCF (75).

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Key figures & financial health

P/E ratio 37.2 as of Jun 8, 2026
P/S ratio 4.78 P/E × margin
EPS (TTM) kr 8.14 price ÷ EPS = P/E 37.2
Dividend yield 0.9% payout 33.2%
Net margin 12.9% FY2025
Return on equity 19.3% TTM
More key figures
Profitability
Return on assets (EBIT) 13.0% avg 5y
Operating margin 18.2% TTM
Growth
Revenue (TTM) 28.5B SEK TTM
Revenue growth (YoY) +3.6% 3y avg +9.4%
EPS growth (YoY) +7.6%
Balance sheet & cash flow
Free cash flow 4.7B SEK FY2025
Net debt 9.1B SEK FY2025 · ≈ 2.0 yrs of FCF

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 65 · Market factors (momentum, volatility) 47

Profitability 57
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 34
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

Lifco AB (publ) engages in the dental, demolition and tools, and systems solutions businesses in Sweden, Norway, Finland, Germany, rest of Europe, the United Kingdom, Asia, Australia, Italy, North America, and internationally.

Full company description

Lifco AB (publ) engages in the dental, demolition and tools, and systems solutions businesses in Sweden, Norway, Finland, Germany, rest of Europe, the United Kingdom, Asia, Australia, Italy, North America, and internationally. It is involved in the distribution of dental equipment, such as denture attachments, disinfectants, saliva ejectors, bite registration and dental impression materials, bonding agents, and other consumables, as well as develops and sells medical record systems. The company also operates dental laboratory; and offers technical and software services. In addition, it develops, manufactures, and sells demolition robots, forest machines, crane and excavator attachments to heavy machine manufacturing, construction, forestry, nuclear, cement, and process industries. Further, the company offers machinery and equipment for electrical installations and electricity production, electrical equipment, equipment for recycling of various materials, and interiors for service vehicles. Additionally, it provides contract manufacturing, such as electronic components, stainless steel, and galvanized products; environmental technology; infrastructure products in the areas of electrification, LED-lighting, lift safety, relining, lightning protection, measuring instruments, and telecommunication; special products, including coffee machines, cartooning and sleeving solutions, special instruments, and clothing; and transportation products comprising tarpaulin systems, advanced lifting systems, equipment for ground service of aircrafts, light bars for trucks, and vehicle racking systems for service vans. The company was founded in 1946 and is based in Enköping, Sweden. Lifco AB (publ) is a subsidiary of Carl Bennet AB.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lifco AB reported revenue of 28.3B SEK in FY2025 versus 17.5B SEK in FY2021, a compound +12.8%/yr. Reported net income was 3.6B SEK in FY2025, compounding +11.0%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
28.3B SEK
Latest YoY
+8.1%
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.
+9.4%
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.
+15.4%
Avg. revenue growth/yr (13Y) 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.
+12.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+17.8% (16.9 + 0.9)
Revenue +12.8%/yr
FY21 17.5B SEK
FY22 21.6B SEK
FY23 24.5B SEK
FY24 26.1B SEK
FY25 28.3B SEK
Net income +11.0%/yr
FY21 2.4B SEK
FY22 2.8B SEK
FY23 3.3B SEK
FY24 3.3B SEK
FY25 3.6B SEK
Character of growth · EPS growth decomposed (2014-2025) +18.1 % p.a.
Revenue per share +14.3 %

of which total revenue +14.3 % · buybacks/dilution +0.0 %

EBIT margin +3.8 %
Tax rate +0.1 %
Residual (interest, one-offs) −0.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

LIFCO-B screens 75% overvalued. Compare with ITOCHU Corporation →

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Cite: Fair Value Calculator (2026). "Lifco AB Fair Value". https://www.fairvalue-calculator.com/stock/LIFCO-B

Peer Group

Conglomerates · 375 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 67 · Top 25%
Fair Value upside −43% · Below median
Return on equity (TTM) 20% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 37.2× · Pricier than 75% of peers
P/B 7.78× · Pricier than 75% of peers
P/S (TTM) 5.09× · Pricier than 75% of peers
P/FCF 3.4× · Pricier than median
EV/EBITDA 21.5× · Pricier than 75% of peers

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 25
FUTURE54 · sector 17
PAST81 · sector 17
HEALTH86 · sector 89
DIVIDEND17 · sector 42

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 Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
ITOCHU Corporation ITOCHU19 7.20 THB 14.40 THB +100%
3M Company MMM $178.83 $76.87 −57%
Honeywell International Inc HON $217.43 $218.95 +1%
CITIC Limited 0267 HK$13.02 HK$26.04 +100%
Poste Italiane S.p.A PST €26.90 €7.65 −72%
Swire Pacific Limited 0019 HK$106.30 HK$36.88 −65%
CK Hutchison Holdings 0001 HK$69.85 HK$100.46 +44%
SK Inc 034730 553,000 KRW 615,077 KRW +11%
PT Astra International Tbk, ASII 4,800 IDR 9,600 IDR +100%
Jardine Matheson Holdings J36 $59.10 $79.11 +34%

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Frequently asked questions

Is Lifco AB (LIFCO-B) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of kr 180.01 versus a price of kr 314.20, about −43% upside (overvalued).
What is the fair value of LIFCO-B?
Our model-based fair value for Lifco AB is kr 180.01 (as of Aug 23, 2026), built from audited fundamentals. The current price: kr 314.20.
What is the quality score of LIFCO-B?
Lifco AB has a Quality Score of 67/100. 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 Lifco AB (LIFCO-B)?
Lifco AB reported trailing-twelve-month revenue of about 28.5B SEK (latest available figure, as of Aug 23, 2026).
What is the net profit margin of LIFCO-B?
The net profit margin of Lifco AB is about 13.0%, meaning it keeps roughly 13.0% of revenue as net income. Based on the latest reported figures.
Does Lifco AB pay a dividend?
Lifco AB currently shows a dividend yield of about 0.86% relative to its recent price (as of Aug 23, 2026).
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