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Salix Group (SALIX) Fair Value & Analysis

Industrials · SE · Market cap 4.9B SEK

SG Salix Group SALIX · ST
Pricekr 60.00
Fair Valuekr 48.88
Upside-18.5%
Quality72/100
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Healthy Growth
Thin margins · 4.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 41/100
Evidence: Medium Range kr 36.66 – kr 61.10 Share as image

Fair value as of: Aug 14, 2026

From 24 valuation models · updated today

Share price −11.8% over the past month.

A solid business, but screening 19% overvalued on our models.

What matters now

  • A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • Our model range runs from kr 36.66 (bear) to kr 61.10 (bull), base kr 48.88. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (2 months)

kr 68.00 kr 58.10 Fair Value kr 48.88 Jun 2026 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 14, 2026.

How to read this chart

2‑month range kr 58.10 – kr 68.00 · fair‑value band kr 36.66 – kr 61.10 · the kr 60.00 price screens above the kr 48.88 fair value. As of Aug 14, 2026.

Full chart & analysis →

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Analysis

Salix Group (SALIX) currently trades at kr 60.00, while our model-based Fair Value estimate is kr 48.88, implying the stock looks roughly 18.5% overvalued today. The Quality Score stands at 72/100 (solid 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: medium).

Over the trailing twelve months, Salix Group generated revenue of 4.4B SEK at a net margin of 4.7%. Revenue grew 19.8% year over year. Net debt stands at 828M SEK. The stock trades on a trailing P/E of 23.8. Fundamentals as of Aug 14, 2026

Our scenario range runs from kr 36.66 (bear case) to kr 61.10 (bull case); at kr 60.00, 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 13% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -42% fair-value upside, at -19%, SALIX 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.

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 58.81 kr 99.73 kr 166.39 80
Residual Income kr 14.87 kr 19.57 kr 53.95 76
Rev-Margin DCF kr 45.86 kr 75.56 kr 114.49 74
All 24 models by family
DCF Models
FCF DCF kr 59.57 kr 105.31 kr 183.20 38
Owner Earnings kr 51.79 kr 91.28 kr 158.52 31
5Y Revenue Exit kr 45.86 kr 76.09 kr 116.89 39
5Y EBITDA Exit kr 57.18 kr 99.72 kr 153.34 41
5Y P/E Exit kr 44.16 kr 72.52 kr 104.80 38
10Y Revenue Exit kr 48.86 kr 78.98 kr 124.86 36
10Y EBITDA Exit kr 57.46 kr 96.03 kr 155.06 37
10Y P/E Exit kr 48.97 kr 76.41 kr 114.85 35
Earnings-Based
Graham-Dodd kr 15.83 kr 76.75 kr 105.71 54
Lynch FV kr 20.55 kr 29.35 kr 38.16 50
PEG = 1.0 kr 20.55 kr 29.35 kr 38.16 46
EPV kr 31.73 kr 36.32 kr 40.27 59
Multiples
P/E Multiple kr 36.66 kr 48.88 kr 61.10 63
P/S Multiple kr 29.68 kr 39.57 kr 49.46 58
P/B Multiple kr 29.68 kr 39.57 kr 49.46 55
EV/EBIT kr 54.24 kr 71.42 kr 88.61 53
EV/EBITDA kr 60.39 kr 79.62 kr 98.85 54
EV/Revenue kr 39.49 kr 55.25 kr 71.02 43
Asset-Based
NCAV (Graham) kr 7.34 kr 9.84 kr 14.69 50
Growth DCF
Growth DCF kr 58.81 kr 99.73 kr 166.39 80
Rev-Margin DCF kr 45.86 kr 75.56 kr 114.49 74
Economic Profit
Residual Income kr 14.87 kr 19.57 kr 53.95 76
ROIC Compounder kr 35.61 kr 46.04 kr 58.99 72
Growth Earnings
Growth-Adj P/E kr 31.93 kr 45.62 kr 59.30 68

Widest divergence: DCF Models (kr 78.98) versus Asset-Based (kr 9.84). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.4B SEK
Revenue growth (YoY) +19.8%
Net margin 4.7%
Free cash flow 373M SEK FY2025
P/E ratio 23.8
Operating margin 7.5%
More key figures
EPS (TTM) kr 2.52
EPS growth (YoY) -1.8%
Net debt 828M SEK FY2025

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 69 · Market factors (momentum, volatility) 34

Profitability 57
Margins and returns on capital today
Quality Growth 79
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
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

Salix Group AB (publ) operates as a trading and distribution platform offering products to the construction and industrial sectors in Sweden, Norway, Denmark, and Finland. The company offers products in three business areas including consumables trade, and agriculture; construction & packaging solutions; and home & fittings.

Full company description

Salix Group AB (publ) operates as a trading and distribution platform offering products to the construction and industrial sectors in Sweden, Norway, Denmark, and Finland. The company offers products in three business areas including consumables trade, and agriculture; construction & packaging solutions; and home & fittings. It operates within hardware, consumables, input materials and packaging industry. It offers a broad range of products for home and garden, agriculture and forestry, and fittings and fastening products. The company was formerly known as Volati Trading and changed its name to Salix Group AB (publ) in 2021. Salix Group AB (publ) was founded in 2006 and is headquartered in Malmö, Sweden.

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

Revenue & earnings trend

FY2023 – FY2025 · reported fiscal years

Salix Group reported revenue of kr 4.1B in FY2025 versus kr 3.4B in FY2023, a compound +10.0%/yr. Reported net income was kr 190M in FY2025, compounding +25.3%/yr from FY2023.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.1B SEK
Latest YoY
+14.7%
Revenue +10.0%/yr
FY23 kr 3.4B
FY24 kr 3.6B
FY25 kr 4.1B
Net income +25.3%/yr
FY23 kr 121M
FY24 kr 90.0M
FY25 kr 190M

SALIX screens 19% overvalued. Compare with W.W. Grainger, Inc →

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Cite: Fair Value Calculator (2026). "Salix Group Fair Value". https://www.fairvalue-calculator.com/stock/SALIX

Peer Group

Industrial Distribution · 107 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 72 · Top 25%
Fair Value upside −19% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 20% · Top 25%

Valuation Multiples vs Industrial Distribution median · lower = cheaper

P/E (TTM) 23.8× · Pricier than median
P/B 4.11× · Pricier than 75% of peers
P/S (TTM) 1.13× · Pricier than median
P/FCF 1.4× · Cheaper than 75% of peers
EV/EBITDA 10.8× · 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 9 · sector 23
FUTURE 99 · sector 19
PAST 0 · sector 35
HEALTH 100 · sector 91
DIVIDEND 0 · sector 31

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 Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
W.W. Grainger, Inc GWW $1,305 $613.88 -53%
Fastenal Company FAST $52.22 $20.64 -60%
Ferguson Enterprises Inc FERG $245.18 $148.98 -39%
WESCO International, Inc WCC $364.60 $213.01 -42%
Watsco, Inc WSO $309.41 $268.10 -13%
Toromont Industries Ltd TIH C$218.77 C$127.90 -42%
Applied Industrial Technologies, Inc AIT $352.29 $191.65 -46%
Finning International Inc FTT C$93.86 C$76.38 -19%
Addtech AB ADDTB kr 344.00 kr 156.35 -55%
Core & Main, Inc CNM $46.63 $49.47 +6%

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Frequently asked questions

Is Salix Group (SALIX) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of kr 48.88 versus a price of kr 60.00, about −19% (overvalued).
What is the fair value of SALIX?
Our model-based fair value for Salix Group is kr 48.88 (as of Aug 14, 2026), built from audited fundamentals. The current price is kr 60.00.
What is the quality score of SALIX?
Salix Group has a Quality Score of 72/100. 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 Salix Group (SALIX)?
Salix Group reported trailing-twelve-month revenue of about 4.4B SEK (latest available figure, as of Aug 14, 2026).
What is the net profit margin of SALIX?
The net profit margin of Salix Group is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.

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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