Multiconsult ASA (MULTI) Fair Value & Analysis
Industrials · NO · Market cap 4.2B NOK
Fair value as of: Jul 17, 2026
From 26 valuation models · updated 24 days ago
Share price +3.5% over the past month.
A solid business, screening 13% undervalued on our models.
What matters now
- The model range is unusually wide (kr 84.38 to kr 240.91). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Our model range runs from kr 84.38 (bear) to kr 240.91 (bull), base kr 171.71. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 58/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range kr 97.77 – kr 211.48 · fair‑value band kr 84.38 – kr 240.91 · the kr 152.00 price screens below the kr 171.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Multiconsult ASA (MULTI) currently trades at kr 152.00, while our model-based Fair Value estimate is kr 171.71, implying the stock looks roughly 13.0% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Multiconsult ASA generated revenue of 5.7B NOK at a net margin of 4.0%. Revenue grew 5.5% year over year. It earns a return on equity of 16.8%. Net debt stands at 833M NOK. Fundamentals as of Jul 17, 2026
Our scenario range runs from kr 84.38 (bear case) to kr 240.91 (bull case); at kr 152.00, 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 29% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 13%, MULTI screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 26 models by family
Widest divergence: DCF Models (kr 161.79) versus Asset-Based (kr 28.85). Highest evidence: Growth DCF (80).
Notify me when MULTI reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 40
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.
About the company
Multiconsult ASA, together with its subsidiaries, engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally. It operates in three segments: Norway, Architecture, and International.
Full company description
Multiconsult ASA, together with its subsidiaries, engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally. It operates in three segments: Norway, Architecture, and International. The company offers multidisciplinary consultancy services in the areas, including design, planning, engineering management, project supervision and management, geotechnical and environmental site surveys, and verification and control; and provides services related to healthcare; renewable energy; urban development; geotechnical and environmental advisor; and infrastructure. It offers its products under Multiconsult; A-lab; LINK Arkitektur; Sitepartner; Iterio; and ViaNova brands. The company serves buildings and properties; mobility and transportation; energy and industry; and water and environment sectors. Multiconsult ASA was founded in 1908 and is headquartered in Oslo, Norway.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Multiconsult ASA reported revenue of kr 5.7B in FY2025 versus kr 4.3B in FY2021, a compound +7.2%/yr. Reported net income was kr 253M in FY2025, compounding +1.9%/yr from FY2021.
of which total revenue +10.4 pp · buybacks/dilution −4.8 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
Watch MULTI: get an alert when its fair value changes →
Peer Group
Engineering & Construction · 839 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.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
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.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹3,815 | ₹1,994 | -48% |
| Samsung C&T Corporation 028260 | 346,000 KRW | 268,779 KRW | -22% |
| Hyundai Engineering & Construction Co 000720 | 99,000 KRW | 63,993 KRW | -35% |
| United Integrated Services Co 2404 | 1,250 TWD | 925.62 TWD | -26% |
| Samsung E&A Co 028050 | 42,550 KRW | 44,840 KRW | +5% |
| Rail Vikas Nigam Limited RVNL | ₹232.67 | ₹61.46 | -74% |
| Daewoo Engineering & Construction Co 047040 | 16,240 KRW | 6,507 KRW | -60% |
| NBCC (India) Limited NBCC | ₹96.32 | ₹48.22 | -50% |
| Cemindia Projects Limited CEMPRO | ₹1,330 | ₹730.69 | -45% |
| KEPCO Engineering & Construction Company 052690 | 92,700 KRW | 20,172 KRW | -78% |
Compare Multiconsult ASA with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is Multiconsult ASA (MULTI) overvalued or undervalued?
What is the fair value of MULTI?
What is the quality score of MULTI?
What is the revenue of Multiconsult ASA (MULTI)?
What is the net profit margin of MULTI?
Does Multiconsult ASA pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Multiconsult ASA and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.