Solid FAB (SFAB) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Solid FAB SEK 55.24, price SEK 114, upside -51.5%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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
58‑month range kr 30.44 – kr 114.40 · fair‑value band kr 43.89 – kr 92.90 · the kr 113.80 price screens above the kr 55.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Solid Försäkringsaktiebolag (publ) provides non-life insurance to private and business customers in Sweden, Denmark, Norway, Finland, and internationally. The company operates through Product, Security, and Assistance segments.
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Solid Försäkringsaktiebolag (publ) provides non-life insurance to private and business customers in Sweden, Denmark, Norway, Finland, and internationally. The company operates through Product, Security, and Assistance segments. It offers income, accidental, vehicle excess assistance, roadside assistance, payment protection, bicycle, travel, and car warranty insurance. The company serves its products through retail chains, banks, credit institutions, travel agents, and car dealerships and car repair shops, as well as directly to consumers. Solid Försäkringsaktiebolag (publ) was incorporated in 1993 and is based in Helsingborg, Sweden.
Stock analysis
Solid FAB (SFAB) currently trades at kr 113.80, while our model-based Fair Value estimate is kr 55.24, implying the stock looks roughly 106.0% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of kr 51.97 per share, and 0 of the 6 models we run sit above the kr 113.80 price.
Bear case: the Asset-Based group reads lowest at kr 20.19, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 43.89 (bear) to kr 92.90 (bull), the price of kr 113.80 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 70/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Solid FAB reported revenue of 1.1B SEK in FY2025 versus 1.0B SEK in FY2021, a compound +2.2%/yr. Reported net income was 149M SEK in FY2025, compounding +5.6%/yr from FY2021.
Key figures
Market cap 2.0B SEK (≈ $206M) · P/E ratio 14.6 · P/S ratio 1.92 · EPS (TTM) kr 7.80 · Dividend yield 4.6% · Net margin 13.2% · Return on equity 25.8% · Return on assets (EBIT) 10.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 64% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 7% fair-value upside, at −51%, SFAB screens richer than that median.
Fair Value models
Bear kr 43.89Fair Value kr 55.24Bull kr 92.90
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 1.87 per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−9.7%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.8%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.4%
’18
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’20
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’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+32.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.4%
Dividend (yield on the price)4.6%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 17%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +15.9% a year for the price.
Price, fair value, quality and upside side by side.
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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.Insurance - Specialty · 30 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−51% · Bottom 25%
Profitability
Return on equity (TTM)26% · Top 25%
Return on assets7% · Above median
Net margin (TTM)12% · Below median
Operating margin (TTM)10% · Below median
Growth and dividend
Revenue growth−10% · Bottom 25%
Dividend yield (TTM)4.6% · Top 25%
Valuation Multiplesvs Insurance - Specialty median · lower = cheaper
P/E (TTM)14.6× · Pricier than median
P/B3.77× · Priciest 25%
P/S (TTM)1.80× · Pricier than median
P/FCF2.9× · Cheapest 25%
EV/EBITDA9.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)0· sector 25
PAST (return on equity)100· sector 62
HEALTH (low debt)0· sector 91
DIVIDEND (yield)92· sector 56
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Solid FAB Fair Value". https://www.fairvalue-calculator.com/stock/SFAB
Frequently asked questions
Is Solid FAB (SFAB) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 55.24 versus a price of kr 113.80, about −51% upside (overvalued).
What is the fair value of SFAB?
Our model-based fair value for Solid FAB is kr 55.24 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 113.80.
What is the quality score of SFAB?
Solid FAB has a Quality Score of 70/100. 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 price target for Solid FAB (SFAB)?
Our model-based price target is the fair value of kr 55.24 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario kr 43.89, optimistic scenario kr 92.90. It is a calculation from audited fundamentals, not an analyst target.
What is the Solid FAB stock forecast for 2026?
Our models put fair value at kr 55.24, about −51% upside versus a price of kr 113.80 (overvalued). Cautious scenario kr 43.89, optimistic scenario kr 92.90. The calculation is refreshed regularly with new filings.
What is the revenue of Solid FAB (SFAB)?
Solid FAB reported trailing-twelve-month revenue of about 1.1B SEK (latest available figure, as of Sep 24, 2026).
Does Solid FAB pay a dividend?
Solid FAB currently shows a dividend yield of about 4.61% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Solid FAB (SFAB)?
For today's price to be fair in a discounted-cash-flow model, Solid FAB would have to grow free cash flow by +18.1 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SFAB use?
Our models discount Solid FAB at 11.4 %: a base by market capitalisation (micro), damped by beta 0.65, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Solid FAB that is +18.1 % per year a year over ten years, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Solid FAB (SFAB) delivered so far?
Over the past 5 years revenue at Solid FAB grew +3.8 % a year. The price currently implies +18.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Solid FAB (SFAB) growing?
The median revenue growth in the sector is +8.3 % a year. That is the yardstick for the growth priced into Solid FAB (+18.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Solid FAB (SFAB)?
The free-cash-flow yield on the price is 3.44 %: that much free cash flow Solid FAB produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Solid FAB (SFAB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Solid FAB it is kr 55.24 per share (as of Sep 24, 2026), against a price of kr 113.80. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Solid FAB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SFAB trades above its calculated fair value: price kr 113.80, fair value kr 55.24, a gap of about −51% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SFAB?
No. The price is what the market pays today (kr 113.80); the fair value is what the company's own numbers justify (kr 55.24). For Solid FAB the two are kr 58.56 per share apart. That gap is exactly why we show both numbers side by side.
How much is Solid FAB worth?
The market values Solid FAB at about 2.0B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 113.80; our models calculate a fair value of kr 55.24 per share.
What do the bullish and bearish scenarios say about SFAB?
Our models span a range for Solid FAB: cautious scenario kr 43.89, base kr 55.24, optimistic kr 92.90 per share (as of Sep 24, 2026, price kr 113.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SFAB?
Solid FAB trades at a price-to-earnings ratio of 14.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 55.24 is built from several models across several years. Other multiples: P/B 3.8, P/S 1.8, EV/EBITDA 9.4.
How solid is the balance sheet of Solid FAB (SFAB)?
Balance-sheet figures for Solid FAB (as of Sep 24, 2026): return on equity 25.8%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is SFAB from its 52-week high?
Solid FAB trades at kr 113.80, about 1% below its 52-week high of kr 114.40 and 64% above the low of kr 69.37 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 55.24 is for.
Which stocks are comparable to Solid FAB?
From the same area (Financial Services) we also value Fidelity National Financial, Inc, AXIS Capital Holdings, First American Financial Corporation, Enact Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Solid FAB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 113.80, calculated fair value kr 55.24 (−51%), Quality Score 70/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SFAB calculated?
We run Solid FAB through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 55.24, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Solid FAB itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Solid FAB (SFAB)?
The closing price on Sep 24, 2026 was kr 113.80. Our model-based fair value is kr 55.24, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Solid FAB right now?
A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (kr 92.90). The favourable scenario is already priced in. A fairly wide model range (kr 43.89 to kr 92.90) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Solid FAB
How large is the market capitalisation of Solid FAB (SFAB)?
The market capitalisation of Solid FAB is 2.0B SEK (≈ $206M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Solid FAB (SFAB)?
The price-to-sales ratio of Solid FAB is 1.92 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Solid FAB (SFAB)?
Earnings per share at Solid FAB are kr 7.80 (price ÷ EPS = P/E 14.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Solid FAB (SFAB)?
The dividend yield of Solid FAB is 4.6% (payout 67.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Solid FAB (SFAB)?
The net margin of Solid FAB is 13.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Solid FAB (SFAB)?
The return on equity (ROE) of Solid FAB is 25.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Solid FAB (SFAB)?
On an EBIT basis the return on assets of Solid FAB is 10.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Solid FAB (SFAB)?
The operating margin of Solid FAB is 10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Solid FAB (SFAB)?
Revenue at Solid FAB is growing −9.8% versus a year earlier (3y avg +0.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Solid FAB (SFAB)?
Earnings per share at Solid FAB are growing −29.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Solid FAB (SFAB) hold?
Solid FAB holds more cash than debt, 276M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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