Mangold Fondkommission AB (MANG) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Mangold Fondkommission AB SEK 1,273, price SEK 1,640, upside -22.4%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Mangold Fondkommission AB for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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 Sep 24, 2026.
How to read this chart
60‑month range kr 1,460 – kr 6,711 · fair‑value band kr 463.90 – kr 1,728 · the kr 1,640 price screens above the kr 1,273 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
Follow Mangold Fondkommission in your weekly email
Every Wednesday you see whether Mangold Fondkommission is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Mangold Fondkommission AB provides financial services to companies, institutions, and private individuals in Sweden. It operates in two segments, Investment Banking and Private Banking. The company offers investment banking services, such as corporate finance, market making, mission analysis, certified advisor, merger and acquisition, and issuing services.
Show more
Mangold Fondkommission AB provides financial services to companies, institutions, and private individuals in Sweden. It operates in two segments, Investment Banking and Private Banking. The company offers investment banking services, such as corporate finance, market making, mission analysis, certified advisor, merger and acquisition, and issuing services. It also provides private banking services, including securities trading, distribution, and capital advice services. The company was incorporated in 2000 and is headquartered in Stockholm, Sweden. Mangold Fondkommission AB is a subsidiary of Mangold Ab.
Stock analysis
Mangold Fondkommission AB (MANG) currently trades at kr 1,640, while our model-based Fair Value estimate is kr 1,273, implying the stock looks roughly 28.8% overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of kr 1,552 per share, and 2 of the 11 models we run sit above the kr 1,640 price.
Bear case: the Asset-Based group reads lowest at kr 327.59, and 9 of the 11 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 463.90 (bear) to kr 1,728 (bull), the price of kr 1,640 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 60/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Mangold Fondkommission AB reported revenue of 210M SEK in FY2025 versus 365M SEK in FY2021, a compound −13.0%/yr. Reported net income was 22.8M SEK in FY2025, compounding −33.0%/yr from FY2021.
Key figures
Market cap 772M SEK (≈ $77.8M) · P/E ratio 52.1 · P/S ratio 5.67 · EPS (TTM) kr 31.45 · Net margin 10.9% · Return on equity 12.6% · Return on assets (EBIT) 2.2% · Operating margin 0.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −17% fair-value upside, at −22%, MANG screens richer than that median.
Fair Value models
Bear kr 463.90Fair Value kr 1,273Bull kr 1,728
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 23.09 per share) are deliberately not added.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 ⓘEvidence = 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+6.3%
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.
+16.8%
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.
+1.8%
Start year 2020 (pandemic). Over 10 years: +5.7% a year
Revenue growth 15 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.
+7.9%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−3.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.4%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3% vs 13%, slowing
Profit margin 2020 to 2025 ⓘ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.18% → 12%
Start year 2020 (pandemic)
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).
−35.8%
Yearly growth needed for the next five years to justify today's price.
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 −37.0% a year for the price.
Compare Mangold Fondkommission AB with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Capital Markets · 460 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−22% · Below median
Profitability
Return on equity (TTM)13% · Above median
Return on assets2% · Above median
Net margin (TTM)12% · Below median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth−9% · Bottom 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
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). "Mangold Fondkommission AB Fair Value". https://www.fairvalue-calculator.com/stock/MANG
Frequently asked questions
Is Mangold Fondkommission AB (MANG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 1,273 versus a price of kr 1,640, about −22% upside (overvalued).
What is the fair value of MANG?
Our model-based fair value for Mangold Fondkommission AB is kr 1,273 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 1,640.
What is the quality score of MANG?
Mangold Fondkommission AB has a Quality Score of 60/100. 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 Mangold Fondkommission AB (MANG)?
Our model-based price target is the fair value of kr 1,273 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario kr 463.90, optimistic scenario kr 1,728. It is a calculation from audited fundamentals, not an analyst target.
What is the Mangold Fondkommission AB stock forecast for 2026?
Our models put fair value at kr 1,273, about −22% upside versus a price of kr 1,640 (overvalued). Cautious scenario kr 463.90, optimistic scenario kr 1,728. The calculation is refreshed regularly with new filings.
What is the revenue of Mangold Fondkommission AB (MANG)?
Mangold Fondkommission AB reported trailing-twelve-month revenue of about 219M SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into Mangold Fondkommission AB (MANG)?
For today's price to be fair in a discounted-cash-flow model, Mangold Fondkommission AB would have to grow free cash flow by -35.8 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of MANG use?
Our models discount Mangold Fondkommission AB at 11.0 %: a base by market capitalisation (micro), damped by beta 0.06, 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 Mangold Fondkommission AB that is -35.8 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Mangold Fondkommission AB (MANG) delivered so far?
Over the past 5 years revenue at Mangold Fondkommission AB grew +1.8 % a year. The price currently implies -35.8 % 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 Mangold Fondkommission AB (MANG) growing?
The median revenue growth in the sector is +8.3 % a year. That is the yardstick for the growth priced into Mangold Fondkommission AB (-35.8 % 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 Mangold Fondkommission AB (MANG)?
The free-cash-flow yield on the price is 8.59 %: that much free cash flow Mangold Fondkommission AB produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mangold Fondkommission AB (MANG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mangold Fondkommission AB it is kr 1,273 per share (as of Sep 24, 2026), against a price of kr 1,640. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Mangold Fondkommission AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MANG trades above its calculated fair value: price kr 1,640, fair value kr 1,273, a gap of about −22% (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 MANG?
No. The price is what the market pays today (kr 1,640); the fair value is what the company's own numbers justify (kr 1,273). For Mangold Fondkommission AB the two are kr 367.14 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mangold Fondkommission AB worth?
The market values Mangold Fondkommission AB at about 772M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 1,640; our models calculate a fair value of kr 1,273 per share.
What do the bullish and bearish scenarios say about MANG?
Our models span a range for Mangold Fondkommission AB: cautious scenario kr 463.90, base kr 1,273, optimistic kr 1,728 per share (as of Sep 24, 2026, price kr 1,640). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MANG?
Mangold Fondkommission AB trades at a price-to-earnings ratio of 52.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 1,273 is built from several models across several years. Other multiples: P/B 3.3, P/S 3.5, EV/EBITDA 12.0.
How solid is the balance sheet of Mangold Fondkommission AB (MANG)?
Balance-sheet figures for Mangold Fondkommission AB (as of Sep 24, 2026): return on equity 12.6%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is MANG from its 52-week high?
Mangold Fondkommission AB trades at kr 1,640, about 20% below its 52-week high of kr 2,060 and at the low of kr 1,640 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 1,273 is for.
Which stocks are comparable to Mangold Fondkommission AB?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Mangold Fondkommission AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 1,640, calculated fair value kr 1,273 (−22%), Quality Score 60/100, from 11 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 MANG calculated?
We run Mangold Fondkommission AB through 11 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 1,273, 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 14.0 % above its aggregate fair value. Mangold Fondkommission AB 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 Mangold Fondkommission AB (MANG)?
The closing price on Sep 24, 2026 was kr 1,640. Our model-based fair value is kr 1,273, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mangold Fondkommission AB right now?
The model range is unusually wide (kr 463.90 to kr 1,728). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Mangold Fondkommission AB
How large is the market capitalisation of Mangold Fondkommission AB (MANG)?
The market capitalisation of Mangold Fondkommission AB is 772M SEK (≈ $77.8M). 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 Mangold Fondkommission AB (MANG)?
The price-to-sales ratio of Mangold Fondkommission AB is 5.67 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mangold Fondkommission AB (MANG)?
Earnings per share at Mangold Fondkommission AB are kr 31.45 (price ÷ EPS = P/E 52.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mangold Fondkommission AB (MANG)?
The net margin of Mangold Fondkommission AB is 10.9% (fiscal year 2025). 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 Mangold Fondkommission AB (MANG)?
The return on equity (ROE) of Mangold Fondkommission AB is 12.6% (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 Mangold Fondkommission AB (MANG)?
On an EBIT basis the return on assets of Mangold Fondkommission AB is 2.2% (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 Mangold Fondkommission AB (MANG)?
The operating margin of Mangold Fondkommission AB is 0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mangold Fondkommission AB (MANG)?
Revenue at Mangold Fondkommission AB is growing −9.2% versus a year earlier (3y avg +16.8%). 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 Mangold Fondkommission AB (MANG)?
Earnings per share at Mangold Fondkommission AB are growing −75.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Mangold Fondkommission AB (MANG) hold?
Mangold Fondkommission AB holds more cash than debt, 105M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Mangold Fondkommission AB in the live analysis
One click puts Mangold Fondkommission AB on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
