RIAS A/S (RIAS-B) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of RIAS A/S stock DKK 818, price DKK 640, upside +27.7%, quality 62 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range kr 261.26 – kr 745.00 · fair‑value band kr 681.31 – kr 1,022 · the kr 640.00 price screens below the kr 817.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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RIAS A/S processes, sells, and distributes of semi-finished plastic products in Denmark, Sweden, and internationally.
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The company offers roof solutions, including thermoplates, trapezoidal sheets, gutters, skylight panels, sunlux sinusoidal wave plates, onduline corrugated sheets, hobby boards, substrate, and moisture insulation sheets.
It also offers semi-finished plastic products, such as plates, rods, tubes, foils, and accessories. It serves building, construction, chemical, machinery, offshore, food, furniture and packaging, public, and visual communication sectors.
RIAS A/S was founded in 1959 and is headquartered in Roskilde, Denmark. RIAS A/S operates as a subsidiary of thyssenkrupp Facilities Services GmbH.
Stock analysis
RIAS A/S (RIAS-B) currently trades at kr 640.00, while our model-based Fair Value estimate is kr 817.51, implying the stock looks roughly 21.7% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 1,006 per share, and 19 of the 24 models we run sit above the kr 640.00 price.
Bear case: the Asset-Based group reads lowest at kr 380.33, and 5 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 681.31 (bear) to kr 1,022 (bull), the price of kr 640.00 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
RIAS A/S reported revenue of 303M DKK in FY2025 versus 308M DKK in FY2021, a compound −0.4%/yr. Reported net income was 9.6M DKK in FY2025, compounding −6.6%/yr from FY2021.
Key figures
Market cap 148M DKK (≈ $22.1M) Micro · P/E ratio 44.0 · P/S ratio 0.49 · EPS (TTM) kr 14.56 · Dividend yield 4.1% · Net margin 1.1% · Return on equity 1.8% · Return on assets (EBIT) 7.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at 28%, RIAS-B screens cheaper than that median.
Fair Value models
Bearkr 681.31Fair Value kr 817.51Bullkr 1,022
Price kr 640.00 · Upside +27.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−5.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−3.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
Start year 2020 (pandemic). Over 10 years: +1.3% a year
Revenue growth 20 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+6.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.3%
Dividend (yield on the price)4.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2.3% vs 4.4%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−1.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Denmark: IMF forecast 2.1% a year to 2030, 2.0% from 2016 to 2025) that is about −3.9% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Building Materials · 253 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+27.7% · Above median
Profitability
Return on equity (12 months)1.8% · Below median
Return on assets3.8% · Above median
Net margin (12 months)1.1% · Below median
Operating margin (12 months)−2.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−2.1% · Below median
Dividend yield (12 months)4.1% · Above median
Valuation Multiplesvs Building Materials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "RIAS A/S Fair Value". https://www.fairvalue-calculator.com/stock/RIAS-B
Frequently asked questions
Is RIAS A/S (RIAS-B) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of kr 817.51 versus a price of kr 640.00, about +28% upside (undervalued).
What is the fair value of RIAS-B?
Our model-based fair value for RIAS A/S is kr 817.51 (as of Oct 3, 2026), built from audited fundamentals. The current price: kr 640.00.
What is the quality score of RIAS-B?
RIAS A/S has a Quality Score of 62/100. 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 price target for RIAS A/S (RIAS-B)?
Our model-based price target is the fair value of kr 817.51 (as of Oct 3, 2026) from 24 valuation models. Cautious scenario kr 681.31, optimistic scenario kr 1,022. It is a calculation from audited fundamentals, not an analyst target.
What is the RIAS A/S stock forecast for 2026?
Our models put fair value at kr 817.51, about +28% upside versus a price of kr 640.00 (undervalued). Cautious scenario kr 681.31, optimistic scenario kr 1,022. The calculation is refreshed regularly with new filings.
What is the revenue of RIAS A/S (RIAS-B)?
RIAS A/S reported trailing-twelve-month revenue of about 300M DKK (latest available figure, as of Oct 3, 2026).
Does RIAS A/S pay a dividend?
RIAS A/S currently shows a dividend yield of 4.06% relative to its recent price (as of Oct 3, 2026).
What growth is priced into RIAS A/S (RIAS-B)?
For today's price to be fair in a discounted-cash-flow model, RIAS A/S would have to grow free cash flow by -1.9 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.6 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of RIAS-B use?
Our models discount RIAS A/S at 8.3 %: a base by market capitalisation (nano), damped by beta 0.28, country premium for Denmark. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For RIAS A/S that is -1.9 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has RIAS A/S (RIAS-B) delivered so far?
Over the past 5 years revenue at RIAS A/S grew +0.6 % a year. The price currently implies -1.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of RIAS A/S (RIAS-B) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into RIAS A/S (-1.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of RIAS A/S (RIAS-B)?
The free-cash-flow yield on the price is 5.95 %: that much free cash flow RIAS A/S produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of RIAS A/S (RIAS-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For RIAS A/S it is kr 817.51 per share (as of Oct 3, 2026), against a price of kr 640.00. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is RIAS A/S stock overvalued or undervalued in 2026?
As of Oct 3, 2026, RIAS-B trades below its calculated fair value: price kr 640.00, fair value kr 817.51, a gap of about +28% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RIAS-B?
No. The price is what the market pays today (kr 640.00); the fair value is what the company's own numbers justify (kr 817.51). For RIAS A/S the two are kr 177.51 per share apart. That gap is exactly why we show both numbers side by side.
How much is RIAS A/S worth?
The market values RIAS A/S at about 148M DKK (market capitalisation, as of Oct 3, 2026). Per share that is kr 640.00; our models calculate a fair value of kr 817.51 per share.
What do the bullish and bearish scenarios say about RIAS-B?
Our models span a range for RIAS A/S: cautious scenario kr 681.31, base kr 817.51, optimistic kr 1,022 per share (as of Oct 3, 2026, price kr 640.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RIAS-B?
RIAS A/S trades at a price-to-earnings ratio of 44.0 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 817.51 is built from several models across several years. Other multiples: PEG 2.2, P/B 0.8, P/S 0.5, EV/EBITDA 8.8.
What is the PEG ratio of RIAS-B?
The PEG ratio of RIAS A/S is 2.15 (P/E divided by earnings growth, as of Oct 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of RIAS A/S (RIAS-B)?
Balance-sheet figures for RIAS A/S (as of Oct 3, 2026): return on equity 1.8%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is RIAS-B from its 52-week high?
RIAS A/S trades at kr 640.00, about 14% below its 52-week high of kr 745.00 and 3% above the low of kr 620.00 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of kr 817.51 is for.
Which stocks are comparable to RIAS A/S?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, UltraTech Cement Limited, Martin Marietta Materials, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is RIAS A/S stock attractive at the current price?
The data as of Oct 3, 2026: price kr 640.00, calculated fair value kr 817.51 (+28%), Quality Score 62/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RIAS-B calculated?
We run RIAS A/S through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 817.51, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. RIAS A/S currently trades 22 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of RIAS A/S (RIAS-B)?
The closing price on Oct 20, 2026 was kr 640.00. Our model-based fair value is kr 817.51, about +28% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with RIAS A/S right now?
The price is below even our cautious bear case (kr 681.31). The market is more pessimistic than our downside scenario. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of RIAS A/S (RIAS-B) come from?
Earnings per share at RIAS A/S grew +8.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.6 %, EBIT margin +6.7 %, tax rate −0.1 %, residual (interest, one-offs) −0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of RIAS A/S
How large is the market capitalisation of RIAS A/S (RIAS-B)?
The market capitalisation of RIAS A/S is 148M DKK (≈ $22.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of RIAS A/S (RIAS-B)?
The price-to-sales ratio of RIAS A/S is 0.49 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of RIAS A/S (RIAS-B)?
Earnings per share at RIAS A/S are kr 14.56 (price ÷ EPS = P/E 44.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of RIAS A/S (RIAS-B)?
The dividend yield of RIAS A/S is 4.1% (payout 179%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of RIAS A/S (RIAS-B)?
The net margin of RIAS A/S is 1.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of RIAS A/S (RIAS-B)?
The return on equity (ROE) of RIAS A/S is 1.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of RIAS A/S (RIAS-B)?
On an EBIT basis the return on assets of RIAS A/S is 7.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of RIAS A/S (RIAS-B)?
The operating margin of RIAS A/S is −2.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at RIAS A/S (RIAS-B)?
Revenue at RIAS A/S is growing −2.1% versus a year earlier (3y avg −3.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at RIAS A/S (RIAS-B)?
Earnings per share at RIAS A/S are growing −29.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does RIAS A/S (RIAS-B) hold?
RIAS A/S holds more cash than debt, 29.6M DKK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 3, 2026