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Scandic Hotels Group (SHOT) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 17.4B SEK

SH Scandic Hotels Group SHOT · ST
Pricekr 83.00
Fair Valuekr 49.39
Upside-40.5%
Quality59/100
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Healthy Growth
Thin margins · 2.9% net margin
Low debt · generates free cash flow
3.01% dividend yield
Mixed vs. peers (8/15)
Moderate moat 47/100
Evidence: High Range kr 47.94 – kr 107.68 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 24 days ago

Fair value updated Jul 16, 2026, revised from kr 53.85 to kr 49.39 (−8.3%) since Jun 24, 2026. Share price −5.7% over the past month.

A solid business, but screening 40% overvalued on our models.

What matters now

  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 47.94 to kr 107.68) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 96.61 kr 26.43 Fair Value kr 49.39 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range kr 26.43 – kr 96.61 · fair‑value band kr 47.94 – kr 107.68 · the kr 83.00 price screens above the kr 49.39 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Scandic Hotels Group (SHOT) currently trades at kr 83.00, while our model-based Fair Value estimate is kr 49.39, implying the stock looks roughly 40.5% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical 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: high).

Over the trailing twelve months, Scandic Hotels Group generated revenue of 22.4B SEK at a net margin of 2.9%. Revenue grew 3.1% year over year. It earns a return on equity of 23.4%. Net debt stands at 43.7B SEK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 47.94 (bear case) to kr 107.68 (bull case); at kr 83.00, 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 15% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -62% fair-value upside, at -40%, SHOT 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 BearBaseBull Evidence
Highest evidence
Growth DCF kr 300.49 kr 501.22 kr 828.20 80
Residual Income kr 19.16 kr 25.52 kr 115.01 76
Rev-Margin DCF kr 155.92 kr 229.93 kr 322.38 74
All 24 models by family
DCF Models
FCF DCF kr 299.63 kr 509.86 kr 856.65 38
Owner Earnings kr 198.69 kr 338.14 kr 568.17 31
5Y Revenue Exit kr 155.92 kr 227.28 kr 316.36 39
5Y EBITDA Exit kr 271.59 kr 456.51 kr 680.27 41
5Y P/E Exit kr 128.41 kr 172.77 kr 218.04 38
10Y Revenue Exit kr 200.32 kr 281.63 kr 390.88 36
10Y EBITDA Exit kr 278.62 kr 445.90 kr 684.17 37
10Y P/E Exit kr 185.21 kr 242.56 kr 311.65 35
Earnings-Based
Graham-Dodd kr 19.76 kr 79.20 kr 107.68 54
Lynch FV kr 19.71 kr 28.15 kr 36.60 50
PEG = 1.0 kr 19.71 kr 28.15 kr 36.60 46
EPV kr 110.88 kr 129.39 kr 145.58 59
Multiples
P/E Multiple kr 47.94 kr 63.92 kr 79.89 63
P/S Multiple kr 37.04 kr 49.39 kr 61.74 58
P/B Multiple kr 37.04 kr 49.39 kr 61.74 55
EV/EBIT kr 174.73 kr 233.03 kr 291.33 53
EV/EBITDA kr 283.61 kr 378.20 kr 472.79 54
EV/Revenue kr 86.87 kr 124.17 kr 161.47 43
Asset-Based
NCAV (Graham) kr 6.73 kr 9.02 kr 13.46 50
Growth DCF
Growth DCF kr 300.49 kr 501.22 kr 828.20 80
Rev-Margin DCF kr 155.92 kr 229.93 kr 322.38 74
Economic Profit
Residual Income kr 19.16 kr 25.52 kr 115.01 76
ROIC Compounder kr 116.29 kr 142.19 kr 169.52 72
Growth Earnings
Growth-Adj P/E kr 35.55 kr 50.79 kr 66.03 68

Widest divergence: DCF Models (kr 281.63) versus Asset-Based (kr 9.02). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 22.4B SEK
Revenue growth (YoY) +3.1%
Net margin 2.9%
Return on equity 23.4%
Free cash flow 5.3B SEK FY2025
P/E ratio 27.1
More key figures
Operating margin 4.6%
EPS (TTM) kr 2.98
Dividend yield 3.0%
EPS growth (YoY) -88.7%
Net debt 43.7B SEK FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 56 · Market factors (momentum, volatility) 48

Profitability 31
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 98
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

Scandic Hotels Group AB (publ), together with its subsidiaries, engages in the operation and franchising of hotels in Sweden, Norway, Finland, Denmark, Ireland, the United Kingdom, Germany, and Poland. It operates hotels under the Scandic, Scandic Go, Signature Collection, Hilton, Holiday Inn, Maldron, Indigo, Clayton, and Crowne Plaza brand names.

Full company description

Scandic Hotels Group AB (publ), together with its subsidiaries, engages in the operation and franchising of hotels in Sweden, Norway, Finland, Denmark, Ireland, the United Kingdom, Germany, and Poland. It operates hotels under the Scandic, Scandic Go, Signature Collection, Hilton, Holiday Inn, Maldron, Indigo, Clayton, and Crowne Plaza brand names. The company was founded in 1963 and is headquartered in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Scandic Hotels Group reported revenue of kr 22.3B in FY2025 versus kr 10.1B in FY2021, a compound +21.9%/yr. Reported net income was kr 625M in FY2025.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
22.3B SEK
Latest YoY
+1.5%
Avg. growth/yr (3Y)
+5.0%
Avg. growth/yr (5Y)
+24.4%
Avg. growth/yr (13Y)
+8.2%
Revenue +21.9%/yr
FY21 kr 10.1B
FY22 kr 19.2B
FY23 kr 21.9B
FY24 kr 22.0B
FY25 kr 22.3B
Net income
FY21 −kr 1.7B
FY22 kr 394M
FY23 kr 532M
FY24 kr 643M
FY25 kr 625M

SHOT screens 40% overvalued. Compare with Marriott International, Inc →

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Cite: Fair Value Calculator (2026). "Scandic Hotels Group Fair Value". https://www.fairvalue-calculator.com/stock/SHOT

Peer Group

Lodging · 170 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 59 · Above median
Fair Value upside −41% · Below median
Return on equity (TTM) 23% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 3% · Below median
Dividend yield (TTM) 3.0% · Top 25%
Debt / equity 0.34× · Higher than median

Valuation Multiples vs Lodging median · lower = cheaper

P/E (TTM) 27.1× · Pricier than median
P/B 6.00× · Pricier than 75% of peers
P/S (TTM) 0.77× · Cheaper than median
P/FCF 0.3× · Cheaper than median
EV/EBITDA 4.8× · Cheaper than 75% of peers
PEG 0.89× · 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 1
FUTURE 16 · sector 18
PAST 94 · sector 11
HEALTH 83 · sector 91
DIVIDEND 60 · sector 23

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

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 Lodging stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $369.05 $135.64 -63%
Hilton Worldwide Holdings HLT $328.48 $123.67 -62%
InterContinental Hotels Group IHG $159.87 $85.18 -47%
Hyatt Hotels Corporation H $191.00 $47.69 -75%
H World Group HTHT $42.67 $47.55 +11%
Accor SA AC €47.25 €39.26 -17%
The Indian Hotels Company INDHOTEL ₹743.20 ₹260.68 -65%
Wyndham Hotels & Resorts, Inc WH $78.54 $24.02 -69%
Hanjin Kal, 180640 113,500 KRW 36,890 KRW -67%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%

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Frequently asked questions

Is Scandic Hotels Group (SHOT) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 49.39 versus a price of kr 83.00, about −40% (overvalued).
What is the fair value of SHOT?
Our model-based fair value for Scandic Hotels Group is kr 49.39 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 83.00.
What is the quality score of SHOT?
Scandic Hotels Group has a Quality Score of 59/100. 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 Scandic Hotels Group (SHOT)?
Scandic Hotels Group reported trailing-twelve-month revenue of about 22.4B SEK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of SHOT?
The net profit margin of Scandic Hotels Group is about 2.9%, meaning it keeps roughly 2.9% of revenue as net income. Based on the latest reported figures.
Does Scandic Hotels Group pay a dividend?
Scandic Hotels Group currently shows a dividend yield of about 2.94% relative to its recent price (as of Jul 16, 2026).

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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