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Malmbergs Elektriska AB (MEAB-B) Fair Value & Analysis

Technology · SE · Market cap 286M SEK (≈ $30.0M) · ISIN SE0000507659

What is Malmbergs Elektriska AB really worth?

ME Malmbergs Elektriska AB MEAB-B · ST
Pricekr 33.40
Fair Valuekr 39.23
Upside+17.5%
Quality52/100

A solid business, trading 15% below our fair value of kr 39.23.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −5.7 %/yr)
!Loss-making · -2.6% net margin
!Mixed vs. peers (6/13)
!Narrow moat 19/100
!Evidence only medium, so the estimate is less certain

For context

·2.99% dividend yield
Evidence: Medium Range kr 26.83 – kr 51.62

Fair value as of: Aug 27, 2026

From 10 valuation models · updated 9 days ago

Share price −13.0% over the past month.

What runs behind every stock

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

What matters now

  • A fairly wide model range (kr 26.83 to kr 51.62) leaves room in how you read the outcome.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

kr 64.68 kr 27.26 Fair Value kr 39.23 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range kr 27.26 – kr 64.68 · fair‑value band kr 26.83 – kr 51.62 · the kr 33.40 price screens below the kr 39.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Malmbergs Elektriska AB (MEAB-B) currently trades at kr 33.40, while our model-based Fair Value estimate is kr 39.23, implying the stock looks roughly 14.9% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Technology sector. Bull case: the Growth DCF group reads highest at a median of kr 98.34 per share, and 9 of the 10 models we run sit above the kr 33.40 price. Bear case: the Asset-Based group reads lowest at kr 29.13, and 1 of the 10 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Malmbergs Elektriska AB generated revenue of 452M SEK at a net margin of −2.6%. Revenue declined 6.0% year over year. It earns a return on equity of −3.7%. Net debt stands at 74.6M SEK. Fundamentals as of Aug 27, 2026

Our scenario range runs from kr 26.83 (bear case) to kr 51.62 (bull case); at kr 33.40, 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 25% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −21% fair-value upside, at 17%, MEAB-B screens cheaper than that median.

Fair Value models

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
FCF DCF best evidence kr 79.67 kr 97.69 kr 126.69 82
Growth DCF kr 81.42 kr 98.34 kr 123.53 80
5Y EBITDA Exit kr 59.99 kr 74.35 kr 93.40 77
All 10 models by family
DCF Models
FCF DCF best evidence kr 79.67 kr 97.69 kr 126.69 82
5Y Revenue Exit kr 82.03 kr 112.43 kr 156.55 73
5Y EBITDA Exit kr 59.99 kr 74.35 kr 93.40 77
10Y Revenue Exit kr 78.97 kr 98.83 kr 119.83 68
10Y EBITDA Exit kr 69.07 kr 78.73 kr 88.22 70
Multiples
EV/EBITDA kr 47.45 kr 59.85 kr 72.25 67
EV/Revenue kr 90.67 kr 125.13 kr 159.59 54
Asset-Based
NCAV (Graham) kr 21.74 kr 29.13 kr 43.47 54
Growth DCF
Growth DCF kr 81.42 kr 98.34 kr 123.53 80
Rev-Margin DCF kr 82.03 kr 114.39 kr 154.24 73

Widest divergence: Growth DCF (kr 98.34) versus Asset-Based (kr 29.13). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/S ratio 0.64 TTM
EPS (TTM) kr −1.45
Dividend yield 3.0%
Net margin −3.4% FY2025
Return on equity −3.7% TTM
Return on assets (EBIT) 2.1% avg 5y
More key figures
Profitability
Operating margin −2.1% TTM
Growth
Revenue (TTM) 452M SEK TTM
Revenue growth (YoY) −6.0% 3y avg −11.8%
EPS growth (YoY) −65.6%
Balance sheet & cash flow
Free cash flow 69.2M SEK FY2025
Net debt 74.6M SEK FY2025 · ≈ 1.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 54 · Market factors (momentum, volatility) 45

Profitability 16
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 32
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

Malmbergs Elektriska AB (publ) supplies electrical equipment for installers, industrial, construction and rental companies, and retailers in Sweden and internationally.

Full company description

Malmbergs Elektriska AB (publ) supplies electrical equipment for installers, industrial, construction and rental companies, and retailers in Sweden and internationally. The company offers smart connect products, including pucks, cameras, door contacts, doorbells, fire alarms, water alarms, lighting control, etc.; solar panels and inverters, as well as energy storage; EV chargers; and Installation material, such as plugs, clock switches, dimmers, motion detectors, and cable ducts. It also provides installation cable, power cable, rubber cable, and data and electronics cable; screwdrivers, pliers, wrenches and socket wrenches, fiberglass and aluminum work ladders, work stands, and work clothes; construction site centers; and automatic fuses, earth-fault circuit breakers, timers, switches, and enclosures. In addition, the company offers industrial components comprising electricity motors, contactors, and starters; customized items for stores and retailers, such as wall sockets, switches, and lighting; and LED lighting, incandescent fixtures, fixtures for low-energy lighting, interior lighting, fluorescent fixtures for public and industrial environments, floodlights, outdoor lanterns, pole lanterns, and light sources, as well as home lighting, including ceilings, floor and wall lighting, bathroom lighting, etc. Further, it provides electric heating elements, fan heaters, heating cables for frost protection, and table and floor fans. The company serves its products under the Malmberg's Pro, Malmberg's Home, and Bygg-Ström brands. The company was founded in 1916 and is headquartered in Kumla, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Malmbergs Elektriska AB reported revenue of 459M SEK in FY2025 versus 634M SEK in FY2021, a compound −7.7%/yr. Reported net income was −15.4M SEK in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
459M SEK
Latest YoY
−11.0%
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.
−11.8%
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.
−5.7%
Avg. revenue growth/yr (23Y) 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.
+1.0%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −7.7%/yr
FY21 634M SEK
FY22 669M SEK
FY23 599M SEK
FY24 517M SEK
FY25 459M SEK
Net income
FY21 35.8M SEK
FY22 33.1M SEK
FY23 9.6M SEK
FY24 −24.5M SEK
FY25 −15.4M SEK

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

Peer Group

Electronics & Computer Distribution · 154 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 52 · Below median
Fair Value upside +18% · Above median
Return on assets −2% · Bottom 25%
Net margin (TTM) −3% · Bottom 25%
Operating margin (TTM) −2% · Bottom 25%
Revenue growth −6% · Bottom 25%
Dividend yield (TTM) 3.0% · Above median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/B 0.10× · Cheaper than 75% of peers
P/S (TTM) 0.07× · Cheaper than 75% of peers
P/FCF 0.4× · Cheaper than median
PEG 1.36× · Pricier than median

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
VALUE57 · sector 30
FUTURE0 · sector 62
PAST0 · sector 35
HEALTH100 · sector 98
DIVIDEND60 · sector 51

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $262.53 $289.83 +10%
Unisplendour Corporation 000938 ¥39.60 ¥16.52 −58%
Rexel S.A RXL €35.43 €32.05 −10%
Arrow Electronics, Inc ARW $203.92 $114.08 −44%
Avnet, Inc AVT $97.31 $77.07 −21%
WPG Holdings 3702 123.50 TWD 148.26 TWD +20%
Nanjing Sunlord Electronics Corporation 300975 ¥25.02 ¥12.34 −51%
Shenzhen Huaqiang Industry Co 000062 ¥23.77 ¥7.52 −68%
Insight Enterprises, Inc NSIT $150.63 $118.72 −21%
Shenzhen H&T Intelligent Control Co. 002402 ¥18.95 ¥20.12 +6%

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Frequently asked questions

Is Malmbergs Elektriska AB (MEAB-B) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of kr 39.23 versus a price of kr 33.40, about +17% upside (undervalued).
What is the fair value of MEAB-B?
Our model-based fair value for Malmbergs Elektriska AB is kr 39.23 (as of Aug 27, 2026), built from audited fundamentals. The current price: kr 33.40.
What is the quality score of MEAB-B?
Malmbergs Elektriska AB has a Quality Score of 52/100. 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 Malmbergs Elektriska AB (MEAB-B)?
Malmbergs Elektriska AB reported trailing-twelve-month revenue of about 452M SEK (latest available figure, as of Aug 27, 2026).
What is the net profit margin of MEAB-B?
The net profit margin of Malmbergs Elektriska AB is about −2.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Malmbergs Elektriska AB pay a dividend?
Malmbergs Elektriska AB currently shows a dividend yield of about 2.99% relative to its recent price (as of Aug 27, 2026).
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