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Momentum Group (MMGR-B) Fair Value & Analysis

Industrials · SE · Market cap 6.2B SEK (≈ $653M) · ISIN SE0017562523

What is Momentum Group really worth?

MG Momentum Group MMGR-B · ST
Pricekr 140.60
Fair Valuekr 80.35
Upside−42.9%
Quality56/100

A solid business, but trading 75% above our fair value of kr 80.35.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −14.7 %/yr)
!Thin margins · 5.9% net margin
!Trails peers (5/14)
!Moderate moat 53/100
!Weak on future: 1 out of 100
!Weak on dividend: 20 out of 100

For context

·1.00% dividend yield
Evidence: High Range kr 60.26 – kr 117.51

Fair value as of: Aug 18, 2026

From 26 valuation models · updated 18 days ago

Share price −1.7% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (kr 117.51). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 60.26 to kr 117.51) leaves room in how you read the outcome.

Price vs Fair Value (4 years)

kr 186.00 kr 46.11 Fair Value kr 80.35 Mar 2022 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

53‑month range kr 46.11 – kr 186.00 · fair‑value band kr 60.26 – kr 117.51 · the kr 140.60 price screens above the kr 80.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 18, 2026.

Full chart & analysis →

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Analysis

Momentum Group (MMGR-B) currently trades at kr 140.60, while our model-based Fair Value estimate is kr 80.35, implying the stock looks roughly 75.0% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of kr 122.86 per share, and 6 of the 26 models we run sit above the kr 140.60 price. Bear case: the Asset-Based group reads lowest at kr 11.08, and 20 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Momentum Group generated revenue of 3.1B SEK at a net margin of 5.9%. Revenue grew 0.1% year over year. It earns a return on equity of 22.2%. Net debt stands at 571M SEK. Fundamentals as of Aug 18, 2026

Our scenario range runs from kr 60.26 (bear case) to kr 117.51 (bull case); at kr 140.60, the current price sits above 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 18% below its 52-week high and 39% 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 −43%, MMGR-B screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly kr 0.9956 per share, which is 1.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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 kr 85.29 kr 159.18 kr 339.33 75
Growth DCF kr 82.63 kr 167.29 kr 295.44 75
EPV kr 36.56 kr 43.22 kr 48.98 74
All 26 models by family
DCF Models
FCF DCF kr 85.29 kr 159.18 kr 339.33 75
Owner Earnings kr 86.12 kr 176.68 kr 344.08 72
5Y Revenue Exit kr 59.51 kr 111.09 kr 183.31 70
5Y EBITDA Exit kr 80.67 kr 158.01 kr 260.01 73
5Y P/E Exit kr 61.98 kr 116.58 kr 182.00 69
10Y Revenue Exit kr 65.41 kr 118.76 kr 206.17 64
10Y EBITDA Exit kr 81.45 kr 153.82 kr 273.60 65
10Y P/E Exit kr 68.96 kr 122.86 kr 205.02 62
Earnings-Based
Graham-Dodd kr 26.02 kr 151.97 kr 211.52 63
Lynch FV kr 43.02 kr 61.45 kr 79.89 61
PEG = 1.0 kr 43.02 kr 61.45 kr 79.89 57
EPV kr 36.56 kr 43.22 kr 48.98 74
Dividend Discount
Gordon GGM kr 11.50 kr 22.92 kr 34.70 67
DDM Multi-Stage kr 11.50 kr 19.81 kr 24.19 67
Multiples
P/E Multiple kr 60.26 kr 80.35 kr 100.44 63
P/S Multiple kr 48.79 kr 65.05 kr 81.31 58
P/B Multiple kr 48.79 kr 65.05 kr 81.31 55
EV/EBIT kr 68.16 kr 92.77 kr 117.38 66
EV/EBITDA kr 83.31 kr 112.97 kr 142.63 67
EV/Revenue kr 47.03 kr 69.61 kr 92.19 53
Asset-Based
NCAV (Graham) kr 8.27 kr 11.08 kr 16.53 54
Growth DCF
Growth DCF kr 82.63 kr 167.29 kr 295.44 75
Rev-Margin DCF kr 59.51 kr 109.51 kr 179.25 70
Economic Profit
Residual Income kr 24.39 kr 32.33 kr 147.65 64
ROIC Compounder kr 44.45 kr 64.31 kr 91.31 71
Growth Earnings
Growth-Adj P/E kr 63.28 kr 90.40 kr 117.51 67

Widest divergence: DCF Models (kr 122.86) versus Asset-Based (kr 11.08). Highest evidence: FCF DCF (75).

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Key figures & financial health

P/E ratio 37.6
P/S ratio 2.27 P/E × margin
EPS (TTM) kr 3.70 price ÷ EPS = P/E 37.6
Dividend yield 1.0% payout 37.8%
Net margin 6.0% FY2026
Return on equity 22.2% TTM
More key figures
Profitability
Return on assets (EBIT) 14.1% avg 5y
Operating margin 7.6% TTM
Growth
Revenue (TTM) 3.1B SEK TTM
Revenue growth (YoY) +0.1% 3y avg +21.2%
EPS growth (YoY) −11.9%
Balance sheet & cash flow
Free cash flow 329M SEK FY2026
Net debt 571M SEK FY2026 · ≈ 1.7 yrs of FCF

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 58 · Market factors (momentum, volatility) 57

Profitability 59
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 81
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

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Momentum Group 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
3.1B SEK
Latest YoY
+7.8%
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.
+21.2%
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.
−14.7%
Avg. revenue growth/yr (11Y) 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.
−4.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+11.5% · in SEK
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+10.5%
Dividend yield1.0%
Trend 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.5Y 10.5% vs 10Y 9.7%, steady
Operating margin (EBIT) 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.4.9% (2021) → 9.1% (2026) · rising
Worst earnings drop74% (2019) · in SEK
⚠ 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.
Revenue +20.1%/yr
FY22 1.5B SEK
FY23 1.7B SEK
FY24 2.3B SEK
FY25 2.9B SEK
FY26 3.1B SEK
Net income +12.7%/yr
FY22 116M SEK
FY23 137M SEK
FY24 170M SEK
FY25 178M SEK
FY26 187M SEK

MMGR-B screens 75% overvalued. Compare with W.W. Grainger, Inc →

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Cite: Fair Value Calculator (2026). "Momentum Group Fair Value". https://www.fairvalue-calculator.com/stock/MMGR-B

Peer Group

Industrial Distribution · 112 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 56 · Below median
Fair Value upside −43% · Bottom 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 0% · Below median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.41× · Higher than 75% of peers

Valuation Multiples vs Industrial Distribution median · lower = cheaper

P/E (TTM) 37.6× · Pricier than 75% of peers
P/B 7.72× · Pricier than 75% of peers
P/S (TTM) 2.01× · Pricier than 75% of peers
P/FCF 2.0× · Cheaper than median
EV/EBITDA 18.6× · Pricier than 75% of peers

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
VALUE0 · sector 33
FUTURE1 · sector 18
PAST89 · sector 35
HEALTH80 · sector 91
DIVIDEND20 · sector 36

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
W.W. Grainger, Inc GWW $1,306 $613.88 −53%
Fastenal Company FAST $51.14 $20.64 −60%
Ferguson Enterprises Inc FERG $245.18 $148.98 −39%
WESCO International, Inc WCC $347.60 $213.01 −39%
Watsco, Inc WSO $313.05 $251.37 −20%
Toromont Industries Ltd TIH C$199.59 C$127.90 −36%
Applied Industrial Technologies, Inc AIT $319.11 $191.65 −40%
Finning International Inc FTT C$93.86 C$76.38 −19%
Addtech AB ADDTB kr 344.00 kr 156.35 −55%
Core & Main, Inc CNM $45.45 $49.47 +9%

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Frequently asked questions

Is Momentum Group (MMGR-B) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of kr 80.35 versus a price of kr 140.60, about −43% upside (overvalued).
What is the fair value of MMGR-B?
Our model-based fair value for Momentum Group is kr 80.35 (as of Aug 18, 2026), built from audited fundamentals. The current price: kr 140.60.
What is the quality score of MMGR-B?
Momentum Group has a Quality Score of 56/100. 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 Momentum Group (MMGR-B)?
Momentum Group reported trailing-twelve-month revenue of about 3.1B SEK (latest available figure, as of Aug 18, 2026).
What is the net profit margin of MMGR-B?
The net profit margin of Momentum Group is about 5.9%, meaning it keeps roughly 5.9% of revenue as net income. Based on the latest reported figures.
Does Momentum Group pay a dividend?
Momentum Group currently shows a dividend yield of about 1.00% relative to its recent price (as of Aug 18, 2026).
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