Momentum Group AB (publ) (MMGR-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Momentum Group AB (publ) stock SEK 145, price SEK 127, upside +13.6%, quality 57 out of 100. Rating: 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, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
55‑month range kr 46.11 – kr 186.00 · fair‑value band kr 101.18 – kr 187.89 · the kr 127.20 price screens below the kr 144.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Momentum Group AB (publ) supplies industrial components, industrial services, and related services to the industrial sector in Sweden, Norway, Denmark, Finland, and internationally. The company operates through Industry and Infrastructure segments.
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It offers ball and rolling bearings, transmissions, engines, filters, and seals; hydraulics, linear technology, and pneumatics products and services; customized rubber products and profiles; hydraulic installation and maintenance services; industrial consumables; measuring devices; and assembly, advisory, and training services.
The company also provides flow technology solutions and products, such as WHP, jet spray nozzles, jet spray lances, and flow meter wells; pipeline accessories; mini-treatment plants, septic tanks, pumping stations, rain recovery tanks, and oil separators; high-pressure pumps, test pressure equipment, and gas booster systems; CNG/hydrogen refuelling components and gas detection; pinch and knife gate valves, hose pumps, and pulse dampers; flow meters, filters, hoses, and couplings; and glass-reinforced plastic and thermoplastic pip solutions.
In addition, it offers rotating equipment, turbines, and welding services; systems and services for operation and maintenance, measuring and calibration, and software installation and support; industrial measurement technology; and destructive and non-destructive material testing and calibration.
Further, the company services, repairs, and conversions for electromechanical equipment; and products and services in measurement technology. The company was founded in 1906 and is headquartered in Stockholm, Sweden.
Stock analysis
Momentum Group AB (publ) (MMGR-B) currently trades at kr 127.20, while our model-based Fair Value estimate is kr 144.54, implying the stock looks roughly 12.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 126.36 per share, and 6 of the 24 models we run sit above the kr 127.20 price.
Bear case: the Dividend Discount group reads lowest at kr 19.51, and 18 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 101.18 (bear) to kr 187.89 (bull), the price of kr 127.20 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 57/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Momentum Group AB (publ) reported revenue of 3.1B SEK in FY2026 versus 1.5B SEK in FY2022, a compound +20.1%/yr. Reported net income was 187M SEK in FY2026, compounding +12.7%/yr from FY2022.
Key figures
Market cap 6.3B SEK (≈ $634M) Small · P/E ratio 31.8 · P/S ratio 1.99 · EPS (TTM) kr 3.96 · Dividend yield 1.1% · Net margin 6.2% · Return on equity 24.5% · Return on assets (EBIT) 14.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −39% fair-value upside, at 14%, MMGR-B screens cheaper than that median.
Fair Value models
Bearkr 101.18Fair Value kr 144.54Bullkr 187.89
Price kr 127.20 · Upside +13.6%
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 2026 figures (about 7 months old). Earnings retained since then (kr 1.42 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.
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 inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+7.8%
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.
+21.2%
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.
−14.7%
Start year 2021 (pandemic). Over 10 years: −5.0% a year
Revenue growth 11 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.
−4.8%
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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.
+11.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.5%
Dividend (yield on the price)1.1%
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.10.5% vs 9.7%, steady
Profit margin 2021 to 2026 ⓘ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.5% → 9%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 15.8%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes more growth than the company has delivered so far and less than analysts expect.
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).
+9.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+13.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +7.3% a year for the price and +11.6% for the forecasts.
Compare Momentum Group AB (publ) 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.Industrial Distribution · 106 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Below median
Fair Value upside+13.6% · Above median
Profitability
Return on equity (12 months)24.5% · Top 25%
Return on assets8.3% · Top 25%
Net margin (12 months)6.2% · Above median
Operating margin (12 months)11.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)7.5% · Above median
Dividend yield (12 months)1.1% · Below median
Balance sheet
Debt / equity0.41× · Highest 25%
Valuation Multiplesvs Industrial Distribution median · lower = cheaper
P/E (12 months)31.8× · Pricier than median
P/B7.78× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Momentum Group AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/MMGR-B
Frequently asked questions
Is Momentum Group AB (publ) (MMGR-B) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of kr 144.54 versus a price of kr 127.20, about +14% upside (undervalued).
What is the fair value of MMGR-B?
Our model-based fair value for Momentum Group AB (publ) is kr 144.54 (as of Oct 2, 2026), built from audited fundamentals. The current price: kr 127.20.
What is the quality score of MMGR-B?
Momentum Group AB (publ) has a Quality Score of 57/100. 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 Momentum Group AB (publ) (MMGR-B)?
Our model-based price target is the fair value of kr 144.54 (as of Oct 2, 2026) from 24 valuation models. Cautious scenario kr 101.18, optimistic scenario kr 187.89. It is a calculation from audited fundamentals, not an analyst target.
What is the Momentum Group AB (publ) stock forecast for 2026?
Our models put fair value at kr 144.54, about +14% upside versus a price of kr 127.20 (undervalued). Cautious scenario kr 101.18, optimistic scenario kr 187.89. The calculation is refreshed regularly with new filings.
What is the revenue of Momentum Group AB (publ) (MMGR-B)?
Momentum Group AB (publ) reported trailing-twelve-month revenue of about 3.2B SEK (latest available figure, as of Oct 2, 2026).
Does Momentum Group AB (publ) pay a dividend?
Momentum Group AB (publ) currently shows a dividend yield of 1.10% relative to its recent price (as of Oct 2, 2026).
What growth is priced into Momentum Group AB (publ) (MMGR-B)?
For today's price to be fair in a discounted-cash-flow model, Momentum Group AB (publ) would have to grow free cash flow by +9.5 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -14.7 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of MMGR-B use?
Our models discount Momentum Group AB (publ) at 9.6 %: a base by market capitalisation (small), damped by beta 0.18, 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 Momentum Group AB (publ) that is +9.5 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Momentum Group AB (publ) (MMGR-B) delivered so far?
Over the past 5 years revenue at Momentum Group AB (publ) grew -14.7 % a year. The price currently implies +9.5 % 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 Momentum Group AB (publ) (MMGR-B) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Momentum Group AB (publ) (+9.5 % 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 Momentum Group AB (publ) (MMGR-B)?
The free-cash-flow yield on the price is 5.23 %: that much free cash flow Momentum Group AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Momentum Group AB (publ) (MMGR-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Momentum Group AB (publ) it is kr 144.54 per share (as of Oct 2, 2026), against a price of kr 127.20. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Momentum Group AB (publ) stock overvalued or undervalued in 2026?
As of Oct 2, 2026, MMGR-B trades below its calculated fair value: price kr 127.20, fair value kr 144.54, a gap of about +14% (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 MMGR-B?
No. The price is what the market pays today (kr 127.20); the fair value is what the company's own numbers justify (kr 144.54). For Momentum Group AB (publ) the two are kr 17.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is Momentum Group AB (publ) worth?
The market values Momentum Group AB (publ) at about 6.3B SEK (market capitalisation, as of Oct 2, 2026). Per share that is kr 127.20; our models calculate a fair value of kr 144.54 per share.
What do the bullish and bearish scenarios say about MMGR-B?
Our models span a range for Momentum Group AB (publ): cautious scenario kr 101.18, base kr 144.54, optimistic kr 187.89 per share (as of Oct 2, 2026, price kr 127.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MMGR-B?
Momentum Group AB (publ) trades at a price-to-earnings ratio of 31.8 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 144.54 is built from several models across several years. Other multiples: P/B 7.8, P/S 2.0, EV/EBITDA 17.6.
How solid is the balance sheet of Momentum Group AB (publ) (MMGR-B)?
Balance-sheet figures for Momentum Group AB (publ) (as of Oct 2, 2026): return on equity 24.5%, debt of 0.41 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is MMGR-B from its 52-week high?
Momentum Group AB (publ) trades at kr 127.20, about 25% below its 52-week high of kr 170.70 and 22% above the low of kr 104.32 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 144.54 is for.
Which stocks are comparable to Momentum Group AB (publ)?
From the same area (Industrials) we also value W.W. Grainger, Inc, Fastenal Company, Ferguson Enterprises Inc, WESCO International, Inc, 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 Momentum Group AB (publ) stock attractive at the current price?
The data as of Oct 2, 2026: price kr 127.20, calculated fair value kr 144.54 (+14%), Quality Score 57/100, from 24 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 MMGR-B calculated?
We run Momentum Group AB (publ) through 24 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 144.54, 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 13.9 % above its aggregate fair value. Momentum Group AB (publ) currently trades 12 % 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 Momentum Group AB (publ) (MMGR-B)?
The closing price on Oct 19, 2026 was kr 127.20. Our model-based fair value is kr 144.54, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Momentum Group AB (publ) right now?
A fairly wide model range (kr 101.18 to kr 187.89) 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. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Momentum Group AB (publ)
How large is the market capitalisation of Momentum Group AB (publ) (MMGR-B)?
The market capitalisation of Momentum Group AB (publ) is 6.3B SEK (≈ $634M). 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 Momentum Group AB (publ) (MMGR-B)?
The price-to-sales ratio of Momentum Group AB (publ) is 1.99 (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 Momentum Group AB (publ) (MMGR-B)?
Earnings per share at Momentum Group AB (publ) are kr 3.96 (price ÷ EPS = P/E 31.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Momentum Group AB (publ) (MMGR-B)?
The dividend yield of Momentum Group AB (publ) is 1.1% (payout 35.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Momentum Group AB (publ) (MMGR-B)?
The net margin of Momentum Group AB (publ) is 6.2% (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 Momentum Group AB (publ) (MMGR-B)?
The return on equity (ROE) of Momentum Group AB (publ) is 24.5% (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 Momentum Group AB (publ) (MMGR-B)?
On an EBIT basis the return on assets of Momentum Group AB (publ) is 14.1% (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 Momentum Group AB (publ) (MMGR-B)?
The operating margin of Momentum Group AB (publ) is 11.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Momentum Group AB (publ) (MMGR-B)?
Revenue at Momentum Group AB (publ) is growing +7.5% versus a year earlier (3y avg +21.2%). 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 Momentum Group AB (publ) (MMGR-B)?
Earnings per share at Momentum Group AB (publ) are growing +25.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Momentum Group AB (publ) (MMGR-B) carry?
The net debt of Momentum Group AB (publ) is 571M SEK (fiscal year 2026, ≈ 1.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 2, 2026