Qben Infra AB (QBEN) Fair Value & Analysis
Industrials · SE · Market cap 631M SEK
Fair value as of: Jul 12, 2026
From 1 valuation models · updated 29 days ago
Fair value updated Jul 12, 2026, revised from kr 14.66 to kr 2.18 (−85.1%) since Jun 24, 2026. Share price −5.3% over the past month.
Below-average quality, and screening another 71% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (kr 3.26). The favourable scenario is already priced in.
- Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range (kr 1.63 to kr 3.26) leaves room in how you read the outcome.
Price vs Fair Value (20 months)
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
20‑month range kr 7.48 – kr 16.50 · fair‑value band kr 1.63 – kr 3.26 · the kr 7.48 price screens above the kr 2.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Qben Infra AB (QBEN) currently trades at kr 7.48, while our model-based Fair Value estimate is kr 2.18, implying the stock looks roughly 70.9% overvalued today. The Quality Score stands at 24/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Net debt stands at 690M SEK. Fundamentals as of Jul 12, 2026
Our scenario range runs from kr 1.63 (bear case) to kr 3.26 (bull case); at kr 7.48, 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 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -71%, QBEN screens richer 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 1 models by family
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Key figures & financial health
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 22 · Market factors (momentum, volatility) 19
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
Qben Infra AB (publ) engages in the infrastructure business in the Nordics. The company undertakes railway, energy infrastructure, telecommunication, electrification, construction and civil engineering, industrial building, and real estate projects. It provides testing, inspection, and certification services for infrastructure and industrial assets.
Full company description
Qben Infra AB (publ) engages in the infrastructure business in the Nordics. The company undertakes railway, energy infrastructure, telecommunication, electrification, construction and civil engineering, industrial building, and real estate projects. It provides testing, inspection, and certification services for infrastructure and industrial assets. Qben Infra AB (publ) has strategic cooperation agreement with Byhmgard AB (publ) to identify, develop, and execute Battery Energy Storage Systems (BESS) projects in Northern Europe. The company was incorporated in 2001 and is based in Hägersten, Sweden. Qben Infra AB (publ) operates as a subsidiary of Rsg Stockholm Ab.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
Qben Infra AB reported revenue of kr 1.0B in FY2025 versus kr 583M in FY2022, a compound +21.0%/yr. Reported net income was −kr 377M in FY2025.
QBEN screens 71% overvalued. Compare with Larsen & Toubro Limited →
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.
VALUE 0: the price sits above our fair-value range.
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 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
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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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