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Saxlund Group (SAXG) Fair Value & Analysis

Industrials · SE · Market cap 80.6M SEK

SG Saxlund Group SAXG · ST
Pricekr 11.95
Fair Valuekr 4.24
Upside-64.5%
Quality42/100
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Expensive Growth
Thin margins · 0.9% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/12)
Narrow moat 26/100
Evidence: Medium Range kr 3.47 – kr 5.52 Share as image

Fair value as of: Jul 12, 2026

From 13 valuation models · updated 29 days ago

Share price +6.7% over the past month.

Below-average quality, and screening another 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 5.52). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

kr 477.56 kr 6.98 Fair Value kr 4.24 May 2021 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

60‑month range kr 6.98 – kr 477.56 · fair‑value band kr 3.47 – kr 5.52 · the kr 11.95 price screens above the kr 4.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Saxlund Group (SAXG) currently trades at kr 11.95, while our model-based Fair Value estimate is kr 4.24, implying the stock looks roughly 64.5% overvalued today. The Quality Score stands at 42/100 (below-average 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, Saxlund Group generated revenue of 219M SEK at a net margin of 0.9%. Revenue declined 21.6% year over year. It earns a return on equity of 3.7%. Net debt stands at 10.2M SEK. Fundamentals as of Jul 12, 2026

Our scenario range runs from kr 3.47 (bear case) to kr 5.52 (bull case); at kr 11.95, the current price sits above 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 25% below its 52-week high and 74% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -65%, SAXG 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 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
ROIC Compounder kr 3.15 kr 3.47 kr 3.73 72
Growth-Adj P/E kr 2.97 kr 4.24 kr 5.52 68
P/E Multiple kr 3.80 kr 5.07 kr 6.34 63
All 13 models by family
Earnings-Based
Graham-Dodd kr 1.64 kr 4.29 kr 5.60 54
PEG = 1.0 kr 0.8200 kr 1.17 kr 1.52 46
EPV kr 3.15 kr 3.47 kr 3.73 59
Multiples
P/E Multiple kr 3.80 kr 5.07 kr 6.34 63
P/S Multiple kr 3.08 kr 4.11 kr 5.13 58
P/B Multiple kr 3.08 kr 4.11 kr 5.13 55
EV/EBIT kr 10.05 kr 13.25 kr 16.45 53
EV/EBITDA kr 12.97 kr 17.14 kr 21.31 54
EV/Revenue kr 7.31 kr 10.24 kr 13.18 43
Asset-Based
NCAV (Graham) kr 4.02 kr 5.39 kr 8.04 50
Economic Profit
Residual Income kr 5.22 kr 4.86 kr 3.56 61
ROIC Compounder kr 3.15 kr 3.47 kr 3.73 72
Growth Earnings
Growth-Adj P/E kr 2.97 kr 4.24 kr 5.52 68

Widest divergence: Asset-Based (kr 5.39) versus Earnings-Based (kr 3.47). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 219M SEK
Revenue growth (YoY) -21.6%
Net margin 0.9%
Return on equity 3.7%
Free cash flow −13.3M SEK FY2025
P/E ratio 41.5
More key figures
Operating margin -7.3%
EPS (TTM) kr 0.2700
EPS growth (YoY) -64.0%
Net debt 10.2M SEK FY2025

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 40 · Market factors (momentum, volatility) 63

Profitability 34
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 100
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

Saxlund Group AB (publ), an environmental technology group, develops, manufactures, and services plants and equipment for the production of environmental-friendly and resource-efficient energy.

Full company description

Saxlund Group AB (publ), an environmental technology group, develops, manufactures, and services plants and equipment for the production of environmental-friendly and resource-efficient energy. The company provides push floor dischargers, sliding frame silo dischargers, tube-feeder biomass reclaimers, hydraulic rotor silo dischargers, trailer docking stations, transportable biomass centres, chain conveyors, screw conveyors, and solids pump products. It also offers complete power station handling system, reception of material from trucks, silo storage and discharge systems, truck loading system, and biomass large scale storage system. The company serves cement, electricity, heat and power production, wood and forest, water and waste management, process, recycling, mining, and other industries. The company was formerly known as Pilum AB (publ.) and changed its name to Saxlund Group AB (publ) in July 2017. Saxlund Group AB (publ) was founded in 1947 and is headquartered in Nacka, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Saxlund Group reported revenue of kr 229M in FY2025 versus kr 258M in FY2021, a compound −3.0%/yr. Reported net income was kr 1.7M in FY2025, compounding −4.8%/yr from FY2021.

Growth Quality 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
229M SEK
Latest YoY
−25.6%
Avg. growth/yr (3Y) 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.
−2.9%
Avg. growth/yr (5Y) 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.
+7.3%
Avg. growth/yr (17Y) 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.
+4.0%
Revenue −3.0%/yr
FY21 kr 258M
FY22 kr 250M
FY23 kr 308M
FY24 kr 307M
FY25 kr 229M
Net income −4.8%/yr
FY21 kr 2.1M
FY22 −kr 10.2M
FY23 −kr 26.7M
FY24 −kr 15.1M
FY25 kr 1.7M

SAXG screens 65% overvalued. Compare with Veralto Corporation →

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

Peer Group

Pollution & Treatment Controls · 91 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 42 · Below median
Fair Value upside −65% · Bottom 25%
Return on equity (TTM) 4% · Above median
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -7% · Bottom 25%
Revenue growth -22% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper

P/E (TTM) 41.5× · Pricier than median
P/B 1.39× · Pricier than median
P/S (TTM) 0.37× · Cheaper than 75% of peers
EV/EBITDA 7.9× · Cheaper 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 0 · sector 0
FUTURE 0 · sector 14
PAST 15 · sector 10
HEALTH 98 · sector 95
DIVIDEND 0 · sector 37

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Veralto Corporation VLTO $94.21 $69.11 -27%
Zurn Elkay Water Solutions Corporation ZWS $47.63 $24.92 -48%
Canmax Technologies Co 300390 ¥57.02 ¥10.41 -82%
CECO Environmental Corp CECO $83.63 $15.19 -82%
Fujian Longking Co 600388 ¥17.58 ¥15.59 -11%
Munters Group MTRS kr 166.60 kr 16.90 -90%
China Conch Venture Holdings 0586 HK$8.83 HK$14.14 +60%
Mega Union Technology Inc 6944 1,005 TWD 539.58 TWD -46%
MayAir Technology (China) Co 688376 ¥96.57 ¥18.80 -81%
Zhongyuan Environmental Protection Co 000544 ¥7.30 ¥15.46 +112%

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Frequently asked questions

Is Saxlund Group (SAXG) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of kr 4.24 versus a price of kr 11.95, about −65% (overvalued).
What is the fair value of SAXG?
Our model-based fair value for Saxlund Group is kr 4.24 (as of Jul 12, 2026), built from audited fundamentals. The current price is kr 11.95.
What is the quality score of SAXG?
Saxlund Group has a Quality Score of 42/100. 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 Saxlund Group (SAXG)?
Saxlund Group reported trailing-twelve-month revenue of about 219M SEK (latest available figure, as of Jul 12, 2026).
What is the net profit margin of SAXG?
The net profit margin of Saxlund Group is about 0.9%, meaning it keeps roughly 0.9% 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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