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Rejlers AB (REJL-B) Fair Value & Analysis

Industrials · SE · Market cap 3.6B SEK

RA Rejlers AB REJL-B · ST
Pricekr 154.00
Fair Valuekr 196.59
Upside+27.7%
Quality46/100
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Evidence: High Range kr 143.33 – kr 245.74 📤 Share as image

Fair value as of: Jul 16, 2026

From 25 valuation models · updated 6 days ago

Share price +3.2% over the past month.

Price vs Fair Value (12 months)

kr 200.08 kr 138.60 Fair Value kr 196.59 Jul 2025 Jul 2026

12‑month range kr 138.60 – kr 200.08 · fair‑value band kr 143.33 – kr 245.74 · the kr 154.00 price screens below the kr 196.59 fair value. As of Jul 16, 2026.

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Analysis

Rejlers AB (REJL-B) currently trades at kr 154.00, while our model-based Fair Value estimate is kr 196.59, implying the stock looks roughly 27.7% undervalued today. We read business quality at 46/100 (below-average 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, Rejlers AB generated revenue of 4.8B SEK at a net margin of 3.8%. Revenue grew 3.4% year over year. It earns a return on equity of 8.9%. Net debt stands at 790M SEK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 143.33 (bear case) to kr 245.74 (bull case); at kr 154.00, the current price sits within that range. The share trades about 23% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -9% fair-value upside, at 28%, REJL-B screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 4.8B SEK
Revenue growth (YoY) +3.4%
Net margin 3.8%
Return on equity 8.9%
Free cash flow 313M SEK FY2025
P/E ratio 19.6
More key figures
Operating margin 7.3%
EPS (TTM) kr 7.98
Dividend yield 3.5%
EPS growth (YoY) -27.5%
Net debt 790M SEK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 16, 2026. TTM = trailing twelve months.

About the company

Rejlers AB (publ), together with its subsidiaries, engages in the provision of engineering consultancy services in Sweden, Finland, Norway, and Abu Dhabi. The company provides its services in various areas, including road and rail networks, water utilities, telecom and IT networks, city planning and building construction and structural systems such as heating, ventilation, fire safety and electrical engineering. It serves energy, industry, infrastructure and environment, buildings and properties, communication and security, and technical management consulting. The company was formerly known as Rejlerkoncernen AB and changed its name to Rejlers AB (publ) in July 2013. Rejlers AB (publ) was founded in 1942 and is headquartered in Stockholm, Sweden.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rejlers AB reported revenue of kr 4.7B in FY2025 versus kr 2.9B in FY2021, a compound +13.1%/yr. Reported net income was kr 197M in FY2025, compounding +15.7%/yr from FY2021.

Revenue +13.1%/yr
FY21 kr 2.9B
FY22 kr 3.5B
FY23 kr 4.1B
FY24 kr 4.4B
FY25 kr 4.7B
Net income +15.7%/yr
FY21 kr 110M
FY22 kr 196M
FY23 kr 185M
FY24 kr 222M
FY25 kr 197M

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Cite: Fair Value Calculator (2026). "Rejlers AB Fair Value". https://www.fairvalue-calculator.com/stock/REJL-B

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Frequently asked questions

Is Rejlers AB (REJL-B) undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 196.59 versus a price of kr 154.00, about +28% (undervalued). Model-based estimate, not financial advice.
What is the fair value of REJL-B?
Our model-based fair value for Rejlers AB is kr 196.59 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 154.00.
What is the quality score of REJL-B?
Rejlers AB has a Quality Score of 46/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Rejlers AB (REJL-B)?
Rejlers AB reported trailing-twelve-month revenue of about 4.8B SEK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of REJL-B?
The net profit margin of Rejlers AB is about 3.8%, meaning it keeps roughly 3.8% of revenue as net income. Based on the latest reported figures.
Does Rejlers AB pay a dividend?
Rejlers AB currently shows a dividend yield of about 3.32% relative to its recent price (as of Jul 16, 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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.