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Sdiptech AB (SDIP-B) Fair Value & Analysis

Industrials · SE · Market cap 9.0B SEK (≈ $948M) · ISIN SE0003756758

What is Sdiptech AB really worth?

SA Sdiptech AB SDIP-B · ST
Pricekr 254.60
Fair Valuekr 478.70
Upside+88.0%
Quality48/100

Below-average quality, trading 47% below our fair value of kr 478.70.

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Strengths

Moderate debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +20.0 %/yr)
!Loss-making · -2.5% net margin
!Mixed vs. peers (7/14)
!Narrow moat 26/100
!Evidence only medium, so the estimate is less certain
!The models disagree: range kr 186.92 to kr 1,041
!Weak on dividend: 4 out of 100
Evidence: Medium Range kr 186.92 – kr 1,041

Fair value as of: Aug 20, 2026

From 4 valuation models · updated 16 days ago

Share price +5.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide (kr 186.92 to kr 1,041). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

kr 478.12 kr 167.00 Fair Value kr 478.70 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range kr 167.00 – kr 478.12 · fair‑value band kr 186.92 – kr 1,041 · the kr 254.60 price screens below the kr 478.70 fair value. Dashed = 300-day average. As of Aug 20, 2026.

Full chart & analysis →

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Analysis

Sdiptech AB (SDIP-B) currently trades at kr 254.60, while our model-based Fair Value estimate is kr 478.70, implying the stock looks roughly 46.8% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of kr 496.68 per share, and 2 of the 4 models we run sit above the kr 254.60 price. Bear case: the Asset-Based group reads lowest at kr 73.14, and 2 of the 4 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Sdiptech AB generated revenue of 5.1B SEK at a net margin of −2.5%. Revenue declined 5.3% year over year. It earns a return on equity of −2.0%. Net debt stands at 3.1B SEK. Fundamentals as of Aug 20, 2026

Our scenario range runs from kr 186.92 (bear case) to kr 1,041 (bull case); at kr 254.60, 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 1% below its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 34% fair-value upside, at 88%, SDIP-B screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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 best evidence kr 227.35 kr 464.12 kr 927.48 73
Owner Earnings kr 186.00 kr 496.68 kr 1,125 69
Rev-Margin DCF kr 87.60 kr 198.37 kr 411.03 67
All 4 models by family
DCF Models
Owner Earnings kr 186.00 kr 496.68 kr 1,125 69
Asset-Based
NCAV (Graham) kr 54.59 kr 73.14 kr 109.17 54
Growth DCF
Growth DCF best evidence kr 227.35 kr 464.12 kr 927.48 73
Rev-Margin DCF kr 87.60 kr 198.37 kr 411.03 67

Widest divergence: DCF Models (kr 496.68) versus Asset-Based (kr 73.14). Highest evidence: Growth DCF (73).

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Key figures & financial health

P/S ratio 1.82 TTM
EPS (TTM) kr −1.18
Dividend yield 0.2%
Net margin −1.3% FY2025
Return on equity −2.0% TTM
Return on assets (EBIT) 7.1% avg 5y
More key figures
Profitability
Operating margin 10.2% TTM
Growth
Revenue (TTM) 5.1B SEK TTM
Revenue growth (YoY) −5.3% 3y avg +14.0%
EPS growth (YoY) −80.0%
Balance sheet & cash flow
Free cash flow 745M SEK FY2025
Net debt 3.1B SEK FY2025 · ≈ 4.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 65

Profitability 15
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 72
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Sdiptech AB (publ) provides technical services for infrastructures in Sweden, the United Kingdom, Germany, Denmark, Italy, the Netherlands, Norway, Finland, the Unites States, and internationally.

Full company description

Sdiptech AB (publ) provides technical services for infrastructures in Sweden, the United Kingdom, Germany, Denmark, Italy, the Netherlands, Norway, Finland, the Unites States, and internationally. The company provides water and wastewater treatment and purification, water distribution and management systems, and infrastructure and environmental solutions; energy and electrification solutions for energy efficiency, electrification, power supply, and temporary electricity; automation, material handling optimization, logistics optimization, road winter maintenance and systems, and controlling systems. It also offers safety and security services; and digital technology for speed monitoring and infrastructure for air traffic communication. The company was incorporated in 2004 and is based in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sdiptech AB reported revenue of 5.2B SEK in FY2025 versus 2.7B SEK in FY2021, a compound +17.6%/yr. Reported net income was −69.0M SEK in FY2025.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
5.2B SEK
Latest YoY
+0.6%
Avg. revenue 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.
+14.0%
Avg. revenue 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.
+20.0%
Avg. revenue growth/yr (13Y) 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.
+36.4%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +17.6%/yr
FY21 2.7B SEK
FY22 3.5B SEK
FY23 4.8B SEK
FY24 5.2B SEK
FY25 5.2B SEK
Net income
FY21 246M SEK
FY22 427M SEK
FY23 444M SEK
FY24 353M SEK
FY25 −69.0M SEK
Character of growth · EPS growth decomposed (2014-2025) +14.2 % p.a.
Revenue per share +28.9 %

of which total revenue +31.5 % · buybacks/dilution −2.0 %

EBIT margin +3.0 %
Tax rate −2.8 %
Residual (interest, one-offs) −11.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Sdiptech AB Fair Value". https://www.fairvalue-calculator.com/stock/SDIP-B

Peer Group

Conglomerates · 375 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 48 · Below median
Fair Value upside +88% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) −2% · Bottom 25%
Operating margin (TTM) 10% · Above median
Revenue growth −5% · Below median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.84× · Higher than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/B 0.23× · Cheaper than 75% of peers
P/S (TTM) 0.19× · Cheaper than 75% of peers
P/FCF 1.3× · Pricier than median
EV/EBITDA 3.7× · Cheaper than median
PEG 0.90× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 25
FUTURE0 · sector 17
PAST0 · sector 17
HEALTH58 · sector 89
DIVIDEND4 · sector 42

Insider activity: 45/100

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

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10 more Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

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CK Hutchison Holdings 0001 HK$69.85 HK$100.46 +44%
SK Inc 034730 553,000 KRW 615,077 KRW +11%
PT Astra International Tbk, ASII 4,800 IDR 9,600 IDR +100%
Jardine Matheson Holdings J36 $59.10 $79.11 +34%

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Frequently asked questions

Is Sdiptech AB (SDIP-B) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of kr 478.70 versus a price of kr 254.60, about +88% upside (undervalued).
What is the fair value of SDIP-B?
Our model-based fair value for Sdiptech AB is kr 478.70 (as of Aug 20, 2026), built from audited fundamentals. The current price: kr 254.60.
What is the quality score of SDIP-B?
Sdiptech AB has a Quality Score of 48/100. 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 Sdiptech AB (SDIP-B)?
Sdiptech AB reported trailing-twelve-month revenue of about 5.1B SEK (latest available figure, as of Aug 20, 2026).
What is the net profit margin of SDIP-B?
The net profit margin of Sdiptech AB is about −2.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Sdiptech AB pay a dividend?
Sdiptech AB currently shows a dividend yield of about 0.21% relative to its recent price (as of Aug 20, 2026).
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