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Nilsson Special Vehicles AB (NILS) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 19.9M SEK

NS Nilsson Special Vehicles AB NILS · ST
Pricekr 4.78
Fair Valuekr 7.40
Upside+54.8%
Quality63/100
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Weak Growth
Thin margins · 1.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Narrow moat 44/100
Evidence: High Range kr 5.41 – kr 9.39 Share as image

Fair value as of: Jul 13, 2026

From 22 valuation models · updated 28 days ago

Share price +12.7% over the past month.

A solid business, screening 55% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (kr 5.41). The market is more pessimistic than our downside scenario.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

kr 14.60 kr 1.90 Fair Value kr 7.40 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range kr 1.90 – kr 14.60 · fair‑value band kr 5.41 – kr 9.39 · the kr 4.78 price screens below the kr 7.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Nilsson Special Vehicles AB (NILS) currently trades at kr 4.78, while our model-based Fair Value estimate is kr 7.40, implying the stock looks roughly 54.8% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical 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, Nilsson Special Vehicles AB generated revenue of 156M SEK at a net margin of 1.3%. Revenue declined 34.1% year over year. It earns a return on equity of 34.0%. Net debt stands at 2.7M SEK. Fundamentals as of Jul 13, 2026

Our scenario range runs from kr 5.41 (bear case) to kr 9.39 (bull case); at kr 4.78, the current price sits below 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 36% below its 52-week high and 219% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at 55%, NILS 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.

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
Growth DCF kr 8.91 kr 10.99 kr 13.53 80
Rev-Margin DCF kr 5.25 kr 6.59 kr 8.18 74
ROIC Compounder kr 0.9800 kr 1.09 kr 1.18 72
All 22 models by family
DCF Models
FCF DCF kr 8.77 kr 11.02 kr 13.91 38
Owner Earnings kr 4.90 kr 6.15 kr 7.75 31
5Y Revenue Exit kr 5.25 kr 6.38 kr 7.77 39
5Y EBITDA Exit kr 6.86 kr 9.17 kr 11.82 41
5Y P/E Exit kr 7.69 kr 10.61 kr 13.64 38
10Y Revenue Exit kr 6.78 kr 7.96 kr 9.20 36
10Y EBITDA Exit kr 7.68 kr 9.55 kr 11.61 37
10Y P/E Exit kr 8.13 kr 10.37 kr 12.69 35
Earnings-Based
Graham-Dodd kr 3.20 kr 6.29 kr 7.87 54
EPV kr 0.9800 kr 1.09 kr 1.18 59
Multiples
P/E Multiple kr 7.77 kr 10.35 kr 12.94 63
P/S Multiple kr 6.00 kr 8.00 kr 10.00 58
P/B Multiple kr 4.45 kr 5.93 kr 7.41 55
EV/EBIT kr 3.56 kr 4.72 kr 5.89 53
EV/EBITDA kr 6.03 kr 8.02 kr 10.01 54
EV/Revenue kr 2.41 kr 3.43 kr 4.44 43
Asset-Based
NCAV (Graham) kr 0.7400 kr 0.9900 kr 1.48 50
Growth DCF
Growth DCF kr 8.91 kr 10.99 kr 13.53 80
Rev-Margin DCF kr 5.25 kr 6.59 kr 8.18 74
Economic Profit
Residual Income kr 2.47 kr 3.46 kr 18.39 61
ROIC Compounder kr 0.9800 kr 1.09 kr 1.18 72
Growth Earnings
Growth-Adj P/E kr 5.59 kr 7.99 kr 10.38 68

Widest divergence: DCF Models (kr 9.17) versus Asset-Based (kr 0.9900). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 156M SEK
Revenue growth (YoY) -34.5%
Net margin 1.3%
Return on equity 34.0%
Free cash flow 5.4M SEK FY2025
P/E ratio 10.1
More key figures
Operating margin 0.1%
EPS (TTM) kr 0.4200
EPS growth (YoY) -63.0%
Net debt 2.7M SEK FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 78

Profitability 72
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 98
Price trend over the last 3–12 months (market factor)
52W Momentum 76
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.

About the company

Nilsson Special Vehicles AB (publ) produces and sells ambulances, limousines, hearses, and other vehicles. The company offers used cars; and ceremonial and transport vehicles for hire. It operates in Europe and Scandinavia. Nilsson Special Vehicles AB (publ) was founded in 1945 and is headquartered in Laholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nilsson Special Vehicles AB reported revenue of kr 172M in FY2025 versus kr 186M in FY2021, a compound −1.8%/yr. Reported net income was kr 2.2M in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
172M SEK
Latest YoY
−22.7%
Avg. 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.
−7.3%
Avg. 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.
−0.2%
Avg. growth/yr (13Y) 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.
+3.8%
Revenue −1.8%/yr
FY21 kr 186M
FY22 kr 217M
FY23 kr 265M
FY24 kr 223M
FY25 kr 172M
Net income
FY21 −kr 10.3M
FY22 −kr 5.0M
FY23 kr 1.9M
FY24 −kr 5.0M
FY25 kr 2.2M

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Cite: Fair Value Calculator (2026). "Nilsson Special Vehicles AB Fair Value". https://www.fairvalue-calculator.com/stock/NILS

Peer Group

Auto Manufacturers · 119 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 63 · Top 25%
Fair Value upside +55% · Top 25%
Return on equity (TTM) 34% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth -35% · Bottom 25%

Valuation Multiples vs Auto Manufacturers median · lower = cheaper

P/E (TTM) 10.1× · Cheaper than 75% of peers
P/B 2.86× · Pricier than median
P/S (TTM) 0.13× · Cheaper than 75% of peers
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 13.9× · Pricier than median

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.

VALUE 100 · sector 27
FUTURE 0 · sector 33
PAST 100 · sector 19
HEALTH 100 · sector 94
DIVIDEND 0 · sector 44

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Toyota Motor Corporation TM $179.76 $224.63 +25%
BYD Company 81211 HK$80.55 HK$50.85 -37%
Hyundai Motor Company 005380 425,000 KRW 616,918 KRW +45%
General Motors Company GM $77.72 $56.93 -27%
Bayerische Motoren Werke Aktiengesellschaft BMWM5N 1,909 MXN 2,944 MXN +54%
Ferrari N.V RACE $376.64 $228.05 -39%
Ford Motor Company F C$11.86 C$4.00 -66%
Mercedes-Benz Group BENZ C$20.44 C$35.15 +72%
Volkswagen AG VOW 2,149 CZK 7,191 CZK +235%
Maruti Suzuki India Limited MARUTI ₹13,803 ₹8,236 -40%

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Frequently asked questions

Is Nilsson Special Vehicles AB (NILS) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of kr 7.40 versus a price of kr 4.78, about +55% (undervalued).
What is the fair value of NILS?
Our model-based fair value for Nilsson Special Vehicles AB is kr 7.40 (as of Jul 13, 2026), built from audited fundamentals. The current price is kr 4.78.
What is the quality score of NILS?
Nilsson Special Vehicles AB has a Quality Score of 63/100. 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 Nilsson Special Vehicles AB (NILS)?
Nilsson Special Vehicles AB reported trailing-twelve-month revenue of about 156M SEK (latest available figure, as of Jul 13, 2026).
What is the net profit margin of NILS?
The net profit margin of Nilsson Special Vehicles AB is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.

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.

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