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Lovisagruvan AB (LOVI) Fair Value & Analysis

Basic Materials · SE · Market cap 41.6M SEK

LA Lovisagruvan AB LOVI · ST
Pricekr 10.60
Fair Valuekr 16.32
Upside+54.0%
Quality35/100
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Weak Growth
Loss-making · -6.0% net margin
Low debt · negative free cash flow
Ranks above peers (6/10)
Narrow moat 6/100
Evidence: Low Range kr 12.18 – kr 24.35 Share as image

Fair value as of: Aug 14, 2026

From 1 valuation models · updated today

Share price +8.2% over the past month.

Below-average quality, screening 54% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (kr 12.18). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (kr 12.18 to kr 24.35) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 46.00 kr 6.30 Fair Value kr 16.32 May 2021 Aug 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 6.30 – kr 46.00 · fair‑value band kr 12.18 – kr 24.35 · the kr 10.60 price screens below the kr 16.32 fair value. Dashed = 300-day average. As of Aug 14, 2026.

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Analysis

Lovisagruvan AB (LOVI) currently trades at kr 10.60, while our model-based Fair Value estimate is kr 16.32, implying the stock looks roughly 54.0% undervalued today. The Quality Score stands at 35/100 (below-average quality), in the Basic Materials 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: low), always confirm before acting.

Over the trailing twelve months, Lovisagruvan AB generated revenue of 26.9M SEK at a net margin of -6.0%. It earns a return on equity of -3.6%. Fundamentals as of Aug 14, 2026

Our scenario range runs from kr 12.18 (bear case) to kr 24.35 (bull case); at kr 10.60, the current price sits below 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 74% below its 52-week high and 75% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -42% fair-value upside, at 54%, LOVI 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 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
NCAV (Graham) kr 6.09 kr 8.16 kr 12.17 50
All 1 models by family
Asset-Based
NCAV (Graham) kr 6.09 kr 8.16 kr 12.17 50

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Key figures & financial health

Revenue (TTM) 26.9M SEK
Revenue growth (YoY) +1,420%
Net margin -6.0%
Return on equity -3.6%
Free cash flow −22.6M SEK FY2025
Operating margin -30.3%
More key figures
EPS (TTM) kr -4.76

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

Quality Score breakdown

Overall quality 35/100

Of which business quality 40 · Market factors (momentum, volatility) 18

Profitability 6
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 4
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 57
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

Lovisagruvan AB (publ) engages in mining activities in Sweden. The company primarily explores for zinc, lead, silver, copper, gold, zircon, and titanium deposits. It holds 100% interest in the Landlord Joint Venture located in Kiruna City; and 20% interest in Sea Happiness located in Måsalycke in Tomelilla municipality in Skåne.

Full company description

Lovisagruvan AB (publ) engages in mining activities in Sweden. The company primarily explores for zinc, lead, silver, copper, gold, zircon, and titanium deposits. It holds 100% interest in the Landlord Joint Venture located in Kiruna City; and 20% interest in Sea Happiness located in Måsalycke in Tomelilla municipality in Skåne. The company also holds interest in Windfall located in south of Forsbacka in Gävle municipality and Gävleborg county covering an area of over 19 hectares. Lovisagruvan AB (publ) was founded in 1985 and is headquartered in Stråssa, Sweden.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Lovisagruvan AB reported revenue of kr 18.9M in FY2025 versus kr 48.7M in FY2022, a compound −27.0%/yr. Reported net income was −kr 1.2M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
18.9M SEK
Latest YoY
−35.9%
Avg. 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.
−27.0%
Revenue −27.0%/yr
FY22 kr 48.7M
FY23 kr 26.6M
FY24 kr 29.5M
FY25 kr 18.9M
Net income
FY22 kr 14.2M
FY23 kr 1.5M
FY24 kr 5.9M
FY25 −kr 1.2M

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Cite: Fair Value Calculator (2026). "Lovisagruvan AB Fair Value". https://www.fairvalue-calculator.com/stock/LOVI

Peer Group

Other Industrial Metals & Mining · 480 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 40 · Above median
Fair Value upside +54% · Top 25%
Return on assets -17% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -30% · Bottom 25%
Revenue growth 1420% · Top 25%
Debt / equity 0.21× · Higher than median

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.16× · 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 100 · sector 0
FUTURE 100 · sector 25
PAST 0 · sector 0
HEALTH 90 · sector 96
DIVIDEND 0 · sector 21

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 745.46 MXN -48%
Rio Tinto Group RIO A$179.43 A$81.76 -54%
Grupo México, S.A. GMEXICOB 222.38 MXN 172.99 MXN -22%
Vale S.A VALEN 250.00 MXN 139.41 MXN -44%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥19.00 ¥19.80 +4%
China Tungsten And Hightech Materials Co 000657 ¥70.43 ¥9.55 -86%
Hindustan Zinc Limited HINDZINC ₹584.60 ₹501.98 -14%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥41.02 ¥10.59 -74%
Boliden AB BOL kr 527.80 kr 461.48 -13%

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Frequently asked questions

Is Lovisagruvan AB (LOVI) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of kr 16.32 versus a price of kr 10.60, about +54% (undervalued).
What is the fair value of LOVI?
Our model-based fair value for Lovisagruvan AB is kr 16.32 (as of Aug 14, 2026), built from audited fundamentals. The current price is kr 10.60.
What is the quality score of LOVI?
Lovisagruvan AB has a Quality Score of 35/100. 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 Lovisagruvan AB (LOVI)?
Lovisagruvan AB reported trailing-twelve-month revenue of about 26.9M SEK (latest available figure, as of Aug 14, 2026).
What is the net profit margin of LOVI?
The net profit margin of Lovisagruvan AB is about -6.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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