Mangold Fondkommission AB (MANG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Mangold Fondkommission AB stock SEK 1,273, price SEK 1,220, upside +4.3%, quality 59 out of 100. Rating: fairly valued. Calculated from audited financials with 11 of our 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. As of Nov 7, 2026.
How to read this chart
60‑month range kr 1,220 – kr 6,711 · fair‑value band kr 463.90 – kr 1,705 · the kr 1,220 price screens below 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. As of Nov 7, 2026.
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Mangold Fondkommission AB provides financial services to companies, institutions, and private individuals in Sweden. It operates in two segments, Investment Banking and Private Banking.
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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 1,220, while our model-based Fair Value estimate is kr 1,273, so the stock looks roughly fairly valued today (gap 4.2%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 1,515 per share, and 6 of the 11 models we run sit above the kr 1,220 price.
Bear case: the Asset-Based group reads lowest at kr 213.55, and 5 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 463.90 (bear) to kr 1,705 (bull), the price of kr 1,220 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 59/100 (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 585M SEK (≈ $59.2M) Micro · P/S ratio 3.15 · EPS (TTM) kr −6.02 · Net margin −1.4% · Return on equity −1.3% · Return on assets (EBIT) 2.2% (5-year average) · Operating margin 3.3% · Revenue (TTM) 224M SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 41% 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 −11% fair-value upside, at 4%, MANG screens cheaper than that median.
Fair Value models
Bearkr 463.90Fair Value kr 1,273Bullkr 1,705
Price kr 1,220 · Upside +4.3%
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.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%
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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.−3.4% vs 12.6%, 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%
Compare Mangold Fondkommission AB with another stock
Price, fair value, quality and upside side by side.
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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.Capital Markets · 385 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+4.3% · Below median
Profitability
Return on assets1.7% · Below median
Net margin (12 months)−1.4% · Bottom 25%
Operating margin (12 months)3.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)30.2% · Above median
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/B2.50× · Priciest 25%
P/S (12 months)2.61× · Cheaper than median
Price / free cash flow (fiscal year)8.8× · Cheaper than median
EV/EBITDA8.4× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)39· sector 42
FUTURE (revenue growth)100· sector 68
PAST (return on equity)0· sector 38
HEALTH (low debt)–
DIVIDEND (yield)0· sector 47
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
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 Nov 7, 2026, our model estimates a fair value of kr 1,273 versus a price of kr 1,220, about +4% upside (fairly valued).
What is the fair value of MANG?
Our model-based fair value for Mangold Fondkommission AB is kr 1,273 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 1,220.
What is the quality score of MANG?
Mangold Fondkommission AB has a Quality Score of 59/100. 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 Nov 7, 2026) from 11 valuation models. Cautious scenario kr 463.90, optimistic scenario kr 1,705. 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 +4% upside versus a price of kr 1,220 (fairly valued). Cautious scenario kr 463.90, optimistic scenario kr 1,705. 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 224M SEK (latest available figure, as of Nov 7, 2026).
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 Nov 7, 2026), against a price of kr 1,220. It is the blended result of 11 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Mangold Fondkommission AB stock overvalued or undervalued in 2026?
As of Nov 7, 2026, MANG trades below its calculated fair value: price kr 1,220, fair value kr 1,273, a gap of about +4% (fairly valued). 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 1,220); the fair value is what the company's own numbers justify (kr 1,273). For Mangold Fondkommission AB the two are kr 52.86 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 585M SEK (market capitalisation, as of Nov 7, 2026). Per share that is kr 1,220; 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 1,705 per share (as of Nov 7, 2026, price kr 1,220). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mangold Fondkommission AB (MANG)?
Balance-sheet figures for Mangold Fondkommission AB (as of Nov 7, 2026): return on equity −1.3%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is MANG from its 52-week high?
Mangold Fondkommission AB trades at kr 1,220, about 41% below its 52-week high of kr 2,060 and at the low of kr 1,220 (as of Nov 6, 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, 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 Nov 7, 2026: price kr 1,220, calculated fair value kr 1,273 (+4%), Quality Score 59/100, 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 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 1,273 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Mangold Fondkommission AB currently trades 4% below its own fair value, and the market average says nothing about that. 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 Nov 6, 2026 was kr 1,220. Our model-based fair value is kr 1,273, about +4% upside (fairly valued). 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 1,705). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. 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 585M SEK (≈ $59.2M). 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 3.15 (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 Mangold Fondkommission AB (MANG)?
Earnings per share at Mangold Fondkommission AB are kr −6.02. 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 −1.4% (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 Mangold Fondkommission AB (MANG)?
The return on equity (ROE) of Mangold Fondkommission AB is −1.3% (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 3.3% (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 +30.2% 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 −74.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mangold Fondkommission AB (MANG) generate?
The free cash flow of Mangold Fondkommission AB is 66.3M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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.
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Nov 7, 2026