Mekonomen AB (MEKO) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Mekonomen AB stock SEK 113, price SEK 71.20, upside +58.5%, quality 54 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 63.50 – kr 157.47 · fair‑value band kr 106.33 – kr 122.59 · the kr 71.20 price screens below the kr 112.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Meko AB (publ), together with its subsidiaries, operates in the automotive aftermarket business in Sweden, Norway, Denmark, Finland, Poland, Estonia, Latvia, and Lithuania.
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The company distributes and retails spare parts, car accessories, consumables, tools, and workshop equipment; and offers maintenance and repair, and other related services under the FTZ, Fixus, Inter-Team, Mekonomen, MECA, Sørensen og Balchen, BilXtra, ProMeister, and CarPeople brands.
It serves workshops, car dealers, retailers, and other wholesalers through its branches, affiliated workshops, and wholesale and logistics operations. The company was formerly known as Mekonomen AB (publ) and changed its name to Meko AB (publ) in May 2022.
Meko AB (publ) was founded in 1973 and is headquartered in Stockholm, Sweden.
Stock analysis
Mekonomen AB (MEKO) currently trades at kr 71.20, while our model-based Fair Value estimate is kr 112.88, implying the stock looks roughly 37% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 130.09 per share, and 9 of the 26 models we run sit above the kr 71.20 price.
Bear case: the Growth Earnings group reads lowest at kr 11.55, and 17 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 106.33 (bear) to kr 122.59 (bull), the price of kr 71.20 sits below 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 54/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Mekonomen AB reported revenue of 18.4B SEK in FY2025 versus 12.6B SEK in FY2021, a compound +10.0%/yr. Reported net income was 36.0M SEK in FY2025, compounding −49.9%/yr from FY2021.
Key figures
Market cap 4.0B SEK (≈ $404M) Small · P/E ratio 30.6 · P/S ratio 0.22 · EPS (TTM) kr 2.33 · Net margin 0.7% · Return on equity 2.6% · Return on assets (EBIT) 5.0% (5-year average) · Operating margin 4.3%.
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 10% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −24% fair-value upside, at 59%, MEKO screens cheaper than that median.
Fair Value models
Bearkr 106.33Fair Value kr 112.88Bullkr 122.59
Price kr 71.20 · Upside +58.5%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 2.00 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. 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.
Best data coverage
FCF DCFkr 89.91kr 163.77kr 274.3077
Residual Incomekr 58.27kr 61.86kr 67.1876
Growth DCFkr 88.94kr 155.78kr 250.9075
All 26 models by family
DCF Models
FCF DCFkr 89.91kr 163.77kr 274.3077
Owner Earningskr 119.87kr 212.20kr 350.3973
5Y Revenue Exitkr 43.26kr 79.24kr 124.8570
5Y EBITDA Exitkr 94.70kr 182.31kr 289.3372
5Y P/E Exitkr 20.68kr 34.02kr 46.9870
10Y Revenue Exitkr 58.66kr 96.40kr 148.2165
10Y EBITDA Exitkr 91.28kr 165.30kr 272.3666
10Y P/E Exitkr 46.27kr 66.17kr 89.4364
Earnings-Based
Graham-Doddkr 4.35kr 18.25kr 24.8964
Lynch FVkr 4.63kr 6.61kr 8.6061
PEG = 1.0kr 4.63kr 6.61kr 8.6057
EPVkr 7.07kr 12.24kr 16.5871
Dividend Discount
Gordon GGMkr 17.90kr 32.88kr 46.0267
DDM Multi-Stagekr 17.90kr 29.73kr 35.0567
Multiples
P/E Multiplekr 10.54kr 14.06kr 17.5763
P/S Multiplekr 8.15kr 10.86kr 13.5857
P/B Multiplekr 25.40kr 33.87kr 42.3455
EV/EBITkr 7.80kr 30.99kr 54.1958
EV/EBITDAkr 78.95kr 125.86kr 172.7765
EV/Revenuen/akr 5.23>kr 20.9249
Asset-Based
NCAV (Graham)kr 4.60kr 6.96kr 8.7154
Growth DCF
Growth DCFkr 88.94kr 155.78kr 250.9075
Rev-Margin DCFkr 43.26kr 80.13kr 126.6670
Economic Profit
Residual Incomekr 58.27kr 61.86kr 67.1876
ROIC Compounderkr 7.07kr 12.24kr 16.5870
Growth Earnings
Growth-Adj P/Ekr 8.09kr 11.55kr 15.0267
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.0%
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.
+8.5%
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.
+9.3%
Start year 2020 (pandemic). Over 10 years: +12.3% a year
Revenue growth 25 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.
+13.4%
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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.
−39.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−39.0%
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.−39.0% vs −22.0%, 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.6% → 3%
Pace: the 5-year rate starts in 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).
−3.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −5.7% a year for the price.
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.Auto Parts · 669 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+58.5% · Top 25%
Profitability
Return on equity (12 months)2.6% · Below median
Return on assets0.4% · Bottom 25%
Net margin (12 months)1.2% · Bottom 25%
Operating margin (12 months)4.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.9% · Below median
Dividend yield (12 months)5.5% · Top 25%
Balance sheet
Debt / equity0.59× · Highest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/E (12 months)30.6× · Pricier than median
P/B0.68× · Cheapest 25%
P/S (12 months)0.37× · Cheapest 25%
Price / free cash flow (fiscal year)8.5× · Cheaper than median
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). "Mekonomen AB Fair Value". https://www.fairvalue-calculator.com/stock/MEKO
Frequently asked questions
Is Mekonomen AB (MEKO) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 112.88 versus a price of kr 71.20, about +59% upside (undervalued).
What is the fair value of MEKO?
Our model-based fair value for Mekonomen AB is kr 112.88 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 71.20.
What is the quality score of MEKO?
Mekonomen AB has a Quality Score of 54/100. 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 Mekonomen AB (MEKO)?
Our model-based price target is the fair value of kr 112.88 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario kr 106.33, optimistic scenario kr 122.59. It is a calculation from audited fundamentals, not an analyst target.
What is the Mekonomen AB stock forecast for 2026?
Our models put fair value at kr 112.88, about +59% upside versus a price of kr 71.20 (undervalued). Cautious scenario kr 106.33, optimistic scenario kr 122.59. The calculation is refreshed regularly with new filings.
What is the revenue of Mekonomen AB (MEKO)?
Mekonomen AB reported trailing-twelve-month revenue of about 18.3B SEK (latest available figure, as of Nov 7, 2026).
What growth is priced into Mekonomen AB (MEKO)?
For today's price to be fair in a discounted-cash-flow model, Mekonomen AB would have to grow free cash flow by -3.9 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.3 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of MEKO use?
Our models discount Mekonomen AB at 10.7 %: a base by market capitalisation (small), damped by beta 0.88, 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 Mekonomen AB that is -3.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has Mekonomen AB (MEKO) delivered so far?
Over the past 5 years revenue at Mekonomen AB grew +9.3 % a year. The price currently implies free-cash-flow growth of -3.9 % per 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 Mekonomen AB (MEKO) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Mekonomen AB (-3.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mekonomen AB (MEKO)?
The free-cash-flow yield on the price is 20.20 %: that much free cash flow Mekonomen AB produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mekonomen AB (MEKO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mekonomen AB it is kr 112.88 per share (as of Nov 7, 2026), against a price of kr 71.20. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Mekonomen AB stock overvalued or undervalued in 2026?
As of Nov 7, 2026, MEKO trades below its calculated fair value: price kr 71.20, fair value kr 112.88, a gap of about +59% (undervalued). 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 MEKO?
No. The price is what the market pays today (kr 71.20); the fair value is what the company's own numbers justify (kr 112.88). For Mekonomen AB the two are kr 41.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mekonomen AB worth?
The market values Mekonomen AB at about 4.0B SEK (market capitalisation, as of Nov 7, 2026). Per share that is kr 71.20; our models calculate a fair value of kr 112.88 per share.
What do the bullish and bearish scenarios say about MEKO?
Our models span a range for Mekonomen AB: cautious scenario kr 106.33, base kr 112.88, optimistic kr 122.59 per share (as of Nov 7, 2026, price kr 71.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MEKO?
Mekonomen AB trades at a price-to-earnings ratio of 30.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 112.88 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 14.7. Other multiples: PEG 0.8, P/B 0.7, P/S 0.4, EV/EBITDA 13.6.
What is the PEG ratio of MEKO?
The PEG ratio of Mekonomen AB is 0.81 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Mekonomen AB (MEKO)?
Balance-sheet figures for Mekonomen AB (as of Nov 7, 2026): return on equity 2.6%, debt of 0.59 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is MEKO from its 52-week high?
Mekonomen AB trades at kr 71.20, about 10% below its 52-week high of kr 79.35 and 12% above the low of kr 63.50 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of kr 112.88 is for.
Which stocks are comparable to Mekonomen AB?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry 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 Mekonomen AB stock attractive at the current price?
The data as of Nov 7, 2026: price kr 71.20, calculated fair value kr 112.88 (+59%), Quality Score 54/100, from 26 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 MEKO calculated?
We run Mekonomen AB through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 112.88 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 13.7% above its aggregate fair value. Mekonomen AB currently trades 37% 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 Mekonomen AB (MEKO)?
The closing price on Nov 9, 2026 was kr 71.20. Our model-based fair value is kr 112.88, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mekonomen AB right now?
The price is below even our cautious bear case (kr 106.33). The market is more pessimistic than our downside scenario. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Mekonomen AB (MEKO) come from?
Earnings per share at Mekonomen AB grew −2.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.1 %, EBIT margin −6.6 %, tax rate +0.4 %, residual (interest, one-offs) −5.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Mekonomen AB
How large is the market capitalisation of Mekonomen AB (MEKO)?
The market capitalisation of Mekonomen AB is 4.0B SEK (≈ $404M). 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 Mekonomen AB (MEKO)?
The price-to-sales ratio of Mekonomen AB is 0.22 (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 Mekonomen AB (MEKO)?
Earnings per share at Mekonomen AB are kr 2.33 (price ÷ EPS = P/E 30.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mekonomen AB (MEKO)?
The net margin of Mekonomen AB is 0.7% (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 Mekonomen AB (MEKO)?
The return on equity (ROE) of Mekonomen AB is 2.6% (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 Mekonomen AB (MEKO)?
On an EBIT basis the return on assets of Mekonomen AB is 5.0% (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 Mekonomen AB (MEKO)?
The operating margin of Mekonomen AB is 4.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mekonomen AB (MEKO)?
Revenue at Mekonomen AB is growing +0.9% versus a year earlier (3y avg +8.5%). 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 Mekonomen AB (MEKO)?
Earnings per share at Mekonomen AB are growing +15.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mekonomen AB (MEKO) carry?
The net debt of Mekonomen AB is 6.0B SEK (fiscal year 2025, ≈ 7.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Why does Mekonomen AB not meet the fair value rule although the fair value shown is higher?
Trough year lifted: kr 61.86 → kr 112.88. The latest year was a trough or loss year. So we calculate with a normal year: kr 112.88 instead of kr 61.86. As in the backtest, the fair value rule checks the value before: -13% against the price.
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Broad data
Nov 7, 2026