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Nyab AB (NYAB) Fair Value & Analysis

Industrials · SE · Market cap 4.4B SEK

NA Nyab AB NYAB · ST
Pricekr 6.18
Fair Valuekr 6.93
Upside+12.1%
Quality71/100
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Healthy Growth
Thin margins · 4.2% net margin
Low debt · generates free cash flow
0.23% dividend yield
Mixed vs. peers (6/14)
Moderate moat 45/100
Evidence: High Range kr 5.20 – kr 8.67 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 30 days ago

Fair value updated Jul 12, 2026, revised from kr 0.6300 to kr 6.93 (+1,000.0%) since Jun 24, 2026. Share price +0.2% over the past month.

A solid business, screening 12% undervalued on our models.

What matters now

  • Our model range runs from kr 5.20 (bear) to kr 8.67 (bull), base kr 6.93. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 71/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

kr 9.85 kr 0.3445 Fair Value kr 6.93 Feb 2019 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range kr 0.3445 – kr 9.85 · fair‑value band kr 5.20 – kr 8.67 · the kr 6.18 price screens below the kr 6.93 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Nyab AB (NYAB) currently trades at kr 6.18, while our model-based Fair Value estimate is kr 6.93, implying the stock looks roughly 12.1% undervalued today. The Quality Score stands at 71/100 (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, Nyab AB generated revenue of 540M SEK at a net margin of 4.2%. Revenue declined 6.2% year over year. It earns a return on equity of 11.2%. Net debt stands at 3.7M SEK. Fundamentals as of Jul 12, 2026

Our scenario range runs from kr 5.20 (bear case) to kr 8.67 (bull case); at kr 6.18, 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 15% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 12%, NYAB 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (kr 0.1500 to kr 1.63). Read the values as a conservative anchor, not as a price target.
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 0.8700 kr 1.63 kr 2.85 80
Residual Income kr 0.2600 kr 0.2800 kr 0.4400 76
Rev-Margin DCF kr 0.6500 kr 1.09 kr 2.01 74
All 26 models by family
DCF Models
FCF DCF kr 0.9300 kr 1.41 kr 2.91 38
Owner Earnings kr 0.5500 kr 1.18 kr 2.44 31
5Y Revenue Exit kr 0.6000 kr 0.9600 kr 1.70 39
5Y EBITDA Exit kr 0.6700 kr 1.09 kr 1.92 41
5Y P/E Exit kr 0.6400 kr 1.28 kr 2.13 38
10Y Revenue Exit kr 0.6900 kr 1.35 kr 1.73 36
10Y EBITDA Exit kr 0.7500 kr 1.49 kr 2.71 37
10Y P/E Exit kr 0.7400 kr 1.43 kr 2.54 35
Earnings-Based
Graham-Dodd kr 0.2000 kr 1.42 kr 1.99 54
Lynch FV kr 0.7300 kr 1.05 kr 1.36 50
PEG = 1.0 kr 0.7300 kr 1.05 kr 1.36 46
EPV kr 0.3400 kr 0.3900 kr 0.4300 59
Dividend Discount
Gordon GGM kr 0.0900 kr 0.1700 kr 0.2600 70
DDM Multi-Stage kr 0.0900 kr 0.1500 kr 0.1800 61
Multiples
P/E Multiple kr 0.4700 kr 0.6300 kr 0.7900 63
P/S Multiple kr 0.3800 kr 0.5100 kr 0.6400 58
P/B Multiple kr 0.3800 kr 0.5100 kr 0.6400 55
EV/EBIT kr 0.5800 kr 0.7600 kr 0.9400 53
EV/EBITDA kr 0.5400 kr 0.7100 kr 0.8800 54
EV/Revenue kr 0.4300 kr 0.5900 kr 0.7600 43
Asset-Based
NCAV (Graham) kr 0.1500 kr 0.2000 kr 0.2900 50
Growth DCF
Growth DCF kr 0.8700 kr 1.63 kr 2.85 80
Rev-Margin DCF kr 0.6500 kr 1.09 kr 2.01 74
Economic Profit
Residual Income kr 0.2600 kr 0.2800 kr 0.4400 76
ROIC Compounder kr 0.4000 kr 0.5400 kr 0.6700 72
Growth Earnings
Growth-Adj P/E kr 0.9600 kr 1.37 kr 1.78 68

Widest divergence: Growth Earnings (kr 1.37) versus Dividend Discount (kr 0.1500). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 540M SEK
Revenue growth (YoY) -6.2%
Net margin 4.2%
Return on equity 11.2%
Free cash flow 39.9M SEK FY2025
P/E ratio 17.4
More key figures
Operating margin 1.5%
EPS (TTM) kr 0.3300
Dividend yield 0.3%
EPS growth (YoY) +0.5%
Net debt 3.7M SEK FY2022

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 71 · Market factors (momentum, volatility) 53

Profitability 55
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 80
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

Nyab AB (publ) engages in the provision of advisory, engineering, project management, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland, Sweden, Norway, and internationally. It also offers land improvement, and maintenance and repair construction project services.

Full company description

Nyab AB (publ) engages in the provision of advisory, engineering, project management, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland, Sweden, Norway, and internationally. It also offers land improvement, and maintenance and repair construction project services. Nyab AB (publ) was founded in 1990 and is headquartered in Luleå, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nyab AB reported revenue of kr 547M in FY2025 versus kr 41.6M in FY2021, a compound +90.4%/yr. Reported net income was kr 21.3M in FY2025.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
547M SEK
Latest YoY
+58.1%
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.
+29.3%
Revenue +90.4%/yr
FY21 kr 41.6M
FY22 kr 253M
FY23 kr 280M
FY24 kr 346M
FY25 kr 547M
Net income
FY21 −kr 4.9M
FY22 kr 23.3M
FY23 kr 9.0M
FY24 kr 16.8M
FY25 kr 21.3M

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Cite: Fair Value Calculator (2026). "Nyab AB Fair Value". https://www.fairvalue-calculator.com/stock/NYAB

Peer Group

Engineering & Construction · 841 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 71 · Top 25%
Fair Value upside +12% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 2% · Below median
Revenue growth -6% · Below median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 18.7× · Pricier than median
P/B 2.21× · Pricier than median
P/S (TTM) 0.86× · Pricier than median
P/FCF 11.6× · Pricier than 75% of peers
EV/EBITDA 12.5× · 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 49 · sector 15
FUTURE 0 · sector 17
PAST 45 · sector 26
HEALTH 99 · sector 94
DIVIDEND 5 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 12, 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%

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Frequently asked questions

Is Nyab AB (NYAB) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of kr 6.93 versus a price of kr 6.18, about +12% (undervalued).
What is the fair value of NYAB?
Our model-based fair value for Nyab AB is kr 6.93 (as of Jul 12, 2026), built from audited fundamentals. The current price is kr 6.18.
What is the quality score of NYAB?
Nyab AB has a Quality Score of 71/100. 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 Nyab AB (NYAB)?
Nyab AB reported trailing-twelve-month revenue of about 540M SEK (latest available figure, as of Jul 12, 2026).
What is the net profit margin of NYAB?
The net profit margin of Nyab AB is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does Nyab AB pay a dividend?
Nyab AB currently shows a dividend yield of about 0.25% relative to its recent price (as of Jul 12, 2026).

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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