Alleima AB (SAMHF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Alleima AB $4.74, price $11.82, upside -59.9%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Alleima AB
SAMHF · USStretched ValuationStrong overvaluation with only moderate quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
45‑month range $3.07 – $12.11 · fair‑value band $3.62 – $5.76 · the $11.82 price screens above the $4.74 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Alleima AB (publ) manufactures and sells stainless steels, special alloys, medical wires and components, and electric heating systems in Europe, North America, Asia, and internationally. It operates through three divisions: Tube, Kanthal, and Strip.
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Alleima AB (publ) manufactures and sells stainless steels, special alloys, medical wires and components, and electric heating systems in Europe, North America, Asia, and internationally. It operates through three divisions: Tube, Kanthal, and Strip. The company offers tubes for extraction and production of oil and gas, advanced stainless steel, umbilical tubes, control lines, corrosion-resistant alloys, and oil country tubular goods; solid and hollow bar, high-pressure and composite tubing, semi-finished ingots and blooms, and billets; hydraulic and instrumentation tubing, heat exchangers tubing, process piping, high-temperature applications, and high-pressure equipment for chemical and petrochemical processes; metallic and ceramic heating elements, and diffusion cassettes; and lithium-ion batteries, ceramics and steels, and various electronic appliances. It also provides stainless steel for razor blades, knives, cutting tools, compressor valve steel, and heating material; ultra fine wire and wire based components for glucose monitors, pacemakers, neurostimulation, precision strip steel, and small diameter tubing; stainless steel and titan tubes for use in aircraft hydraulic systems and jet engines, as well as gasoline direct injection tubes for cars and trucks; drill steel for hydraulic rock drilling rigs in mines and infrastructure construction works; steam generator tubing; cladding tubes; nuclear tubes and pipes; and tubes for hydrogen applications, concentrated solar power, geothermal energy, bioenergy and biofuels, offshore wind, carbon capture and storage, and coated strip steel for fuel cells and electrolyzers. The company serves oil and gas, industrial, chemical and petrochemical, industrial heating, medical, transportation, mining and construction, nuclear, and hydrogen and renewable energy industries. The company was founded in 1862 and is headquartered in Sandviken, Sweden.
Stock analysis
Alleima AB (SAMHF) currently trades at $11.82, while our model-based Fair Value estimate is $4.74, 59.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $4.93 per share, and 0 of the 22 models we run sit above the $11.82 price.
Bear case: the Earnings-Based group reads lowest at $2.58, and 22 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: $3.62 (bear) to $5.76 (bull), the price of $11.82 sits above 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 58/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Alleima AB reported revenue of 18.6B SEK in FY2025 versus 13.8B SEK in FY2021, a compound +7.7%/yr. Reported net income was 671M SEK in FY2025, compounding −13.6%/yr from FY2021.
Key figures
Market cap $3.0B · P/E ratio 39.5 · P/S ratio 1.42 · EPS (TTM) $0.2400 · Net margin 3.6% · Return on equity 3.4% · Return on assets (EBIT) 7.1% · Revenue (TTM) 19.2B SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 73% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at −60%, SAMHF screens richer than that median.
Fair Value models
All 22 models by family
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Set up alert →Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 82
Revenue & earnings trend
Growth Forecast
SAMHF screens overvalued: fair value 60% below the price. Compare with Nucor Corporation →
Compare Alleima AB with another stock
Price, fair value, quality and upside side by side.
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.Steel · 407 stocks
Valuation Multiplesvs Steel median · lower = cheaper
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nucor Corporation NUE | $236.24 | $116.49 | −51% |
| ArcelorMittal S.A MT | €59.82 | €35.15 | −41% |
| Steel Dynamics, Inc STLD | $230.39 | $127.93 | −44% |
| JSW Steel Limited JSWSTEEL | ₹1,233 | ₹1,095 | −11% |
| Tata Steel Limited TATASTEEL | ₹178.00 | ₹147.10 | −17% |
| Reliance, Inc RS | $393.04 | $211.55 | −46% |
| Baoshan Iron & Steel Co 600019 | ¥5.84 | ¥8.07 | +38% |
| POSCO Holdings 005490 | 311,000 KRW | 155,270 KRW | −50% |
| Inner Mongolia Baotou Steel Union Co 600010 | ¥2.09 | ¥0.5300 | −75% |
| Jindal Steel Limited JINDALSTEL | ₹1,165 | ₹516.27 | −56% |
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