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Rusta AB (RUSTA) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 13.1B SEK

RA Rusta AB RUSTA · ST
Pricekr 84.30
Fair Valuekr 71.79
Upside-14.8%
Quality65/100
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Healthy Growth
Thin margins · 4.4% net margin
Low debt · generates free cash flow
2.15% dividend yield
Mixed vs. peers (7/14)
Moderate moat 61/100
Evidence: High Range kr 49.64 – kr 89.73 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from kr 62.24 to kr 71.79 (+15.3%) since Jun 24, 2026. Share price +0.7% over the past month.

A solid business, but screening 15% overvalued on our models.

What matters now

  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 49.64 to kr 89.73) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

kr 103.80 kr 43.23 Fair Value kr 71.79 Oct 2023 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

34‑month range kr 43.23 – kr 103.80 · fair‑value band kr 49.64 – kr 89.73 · the kr 84.30 price screens above the kr 71.79 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Rusta AB (RUSTA) currently trades at kr 84.30, while our model-based Fair Value estimate is kr 71.79, implying the stock looks roughly 14.8% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Consumer Cyclical 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: high).

Over the trailing twelve months, Rusta AB generated revenue of 12.5B SEK at a net margin of 4.3%. Revenue grew 9.0% year over year. It earns a return on equity of 26.4%. Net debt stands at 5.3B SEK. Fundamentals as of Jul 12, 2026

Our scenario range runs from kr 49.64 (bear case) to kr 89.73 (bull case); at kr 84.30, 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 20% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 50% fair-value upside, at -15%, RUSTA 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF kr 91.21 kr 136.32 kr 201.54 80
Residual Income kr 23.20 kr 30.42 kr 143.25 76
Rev-Margin DCF kr 67.24 kr 103.12 kr 145.07 74
All 26 models by family
DCF Models
FCF DCF kr 89.87 kr 141.24 kr 220.60 38
Owner Earnings kr 81.99 kr 128.80 kr 201.12 31
5Y Revenue Exit kr 67.24 kr 102.58 kr 147.21 39
5Y EBITDA Exit kr 99.19 kr 162.89 kr 237.54 41
5Y P/E Exit kr 66.35 kr 100.90 kr 136.93 38
10Y Revenue Exit kr 72.81 kr 107.19 kr 152.77 36
10Y EBITDA Exit kr 95.00 kr 149.27 kr 222.30 37
10Y P/E Exit kr 73.98 kr 106.02 kr 144.86 35
Earnings-Based
Graham-Dodd kr 24.41 kr 79.32 kr 105.93 54
Lynch FV kr 17.71 kr 25.31 kr 32.90 50
PEG = 1.0 kr 17.71 kr 25.31 kr 32.90 46
EPV kr 49.99 kr 58.14 kr 65.28 59
Dividend Discount
Gordon GGM kr 13.33 kr 27.71 kr 43.96 70
DDM Multi-Stage kr 13.33 kr 22.47 kr 29.08 61
Multiples
P/E Multiple kr 59.22 kr 78.97 kr 98.71 63
P/S Multiple kr 45.76 kr 61.02 kr 76.27 58
P/B Multiple kr 42.50 kr 56.67 kr 70.84 55
EV/EBIT kr 85.16 kr 113.20 kr 141.24 53
EV/EBITDA kr 116.49 kr 154.98 kr 193.46 54
EV/Revenue kr 57.75 kr 82.05 kr 106.35 43
Asset-Based
NCAV (Graham) kr 7.08 kr 9.49 kr 14.17 50
Growth DCF
Growth DCF kr 91.21 kr 136.32 kr 201.54 80
Rev-Margin DCF kr 67.24 kr 103.12 kr 145.07 74
Economic Profit
Residual Income kr 23.20 kr 30.42 kr 143.25 76
ROIC Compounder kr 52.95 kr 65.27 kr 78.67 72
Growth Earnings
Growth-Adj P/E kr 49.46 kr 70.66 kr 91.86 68

Widest divergence: DCF Models (kr 107.19) versus Asset-Based (kr 9.49). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 12.6B SEK
Revenue growth (YoY) +4.9%
Net margin 4.4%
Return on equity 28.1%
Free cash flow 1.2B SEK FY2026
P/E ratio 23.8
More key figures
EPS (TTM) kr 3.60
Dividend yield 2.2%
EPS growth (YoY) +27.6%
Net debt 5.3B SEK FY2026

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

Quality Score breakdown

Overall quality 65/100

Of which business quality 64 · Market factors (momentum, volatility) 49

Profitability 72
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 81
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

Rusta AB (publ) engages in the retail of products in home decoration, consumables, seasonal products, leisure, and Do It Yourself (DIY) categories in Sweden, Norway, Finland, and Germany.

Full company description

Rusta AB (publ) engages in the retail of products in home decoration, consumables, seasonal products, leisure, and Do It Yourself (DIY) categories in Sweden, Norway, Finland, and Germany. The company offers home and interior design products, such as furniture and interior design, textile, carpet, lighting, domestic appliance, bathroom, ornamentation, domestic science, clear out, bathroom, and curtain and accessory products; and do it yourself products, including interior paint, foreign goal, electricity and air, flooring material, tool, car accessory, move and store, wallpapering and wallpaper, supply, and acoustic panel products. It also provides leisure products comprising travelling, pet, home electronic, food and drink, fitness, outdoor activity, toy, clothing, and gift-wrapping products; and beauty and health products consisting of body and hair care, accessory, oral care, fragrance, and facial and skin care products. In addition, the company offers garden products, including grill and grill accessory, cultivation and breeding, marquee, pergola and pavilion, glass railing and accessory, garden furniture cushion, garden and outdoor furniture, garden decoration and yard décor, summer game, awning, swimming pool, trampoline and accessory, outdoor light and heater, beach and picnic, flower, and plant products. The company sells its products through stores and online. Rusta AB (publ) was incorporated in 1986 and is headquartered in Upplands Väsby, Sweden.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Rusta AB reported revenue of kr 12.6B in FY2026 versus kr 9.5B in FY2022, a compound +7.3%/yr. Reported net income was kr 549M in FY2026, compounding −2.8%/yr from FY2022.

Growth Quality 81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
12.6B SEK
Latest YoY
+6.5%
Avg. growth/yr (3Y)
+7.3%
Avg. growth/yr (5Y)
+7.9%
Revenue +7.3%/yr
FY22 kr 9.5B
FY23 kr 10.2B
FY24 kr 11.1B
FY25 kr 11.8B
FY26 kr 12.6B
Net income −2.8%/yr
FY22 kr 615M
FY23 kr 261M
FY24 kr 408M
FY25 kr 476M
FY26 kr 549M

RUSTA screens 15% overvalued. Compare with Falabella S.A →

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

Peer Group

Department Stores · 127 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 65 · Top 25%
Fair Value upside −15% · Below median
Return on equity (TTM) 28% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 5% · Above median
Dividend yield (TTM) 2.2% · Above median

Valuation Multiples vs Department Stores median · lower = cheaper

P/E (TTM) 23.8× · Pricier than median
P/B 6.05× · Pricier than 75% of peers
P/S (TTM) 1.04× · Pricier than median
P/FCF 1.2× · Pricier than median
EV/EBITDA 6.6× · 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 14 · sector 26
FUTURE 25 · sector 2
PAST 100 · sector 16
HEALTH 100 · sector 96
DIVIDEND 43 · sector 37

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 Department Stores stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 5,875 CLP 8,880 CLP +51%
El Puerto de Liverpool, S.A. LIVEPOLC1 99.62 MXN 263.70 MXN +165%
99 Speed Mart Retail Holdings 5326 3.70 MYR 1.45 MYR -61%
Cencosud S.A CENCOSUD 2,040 CLP 2,516 CLP +23%
Vishal Mega Mart Limited VMM ₹113.94 ₹37.39 -67%
SHINSEGAE Inc 004170 610,000 KRW 200,259 KRW -67%
Organización Soriana, S. A. B. de C. V., SORIANAB 30.04 MXN 59.59 MXN +98%
Lotte Shopping Co 023530 155,300 KRW 81,725 KRW -47%
Lojas Renner S.A LREN3 R$14.10 R$33.36 +137%
La Comer, S.A. LACOMERUBC 34.37 MXN 51.49 MXN +50%

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Frequently asked questions

Is Rusta AB (RUSTA) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of kr 71.79 versus a price of kr 84.30, about −15% (overvalued).
What is the fair value of RUSTA?
Our model-based fair value for Rusta AB is kr 71.79 (as of Jul 12, 2026), built from audited fundamentals. The current price is kr 84.30.
What is the quality score of RUSTA?
Rusta AB has a Quality Score of 65/100. 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 Rusta AB (RUSTA)?
Rusta AB reported trailing-twelve-month revenue of about 12.5B SEK (latest available figure, as of Jul 12, 2026).
What is the net profit margin of RUSTA?
The net profit margin of Rusta AB is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does Rusta AB pay a dividend?
Rusta AB currently shows a dividend yield of about 1.63% 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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