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Sibek AB (SIBEK) Fair Value & Analysis

Industrials · SE · Market cap 542M SEK

SA Sibek AB SIBEK · ST
Pricekr 57.20
Fair Valuekr 35.76
Upside-37.5%
Quality75/100
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Healthy Growth
Solidly profitable · 13.7% net margin
generates free cash flow
3.23% dividend yield
Mixed vs. peers (7/13)
Wide moat 73/100
Evidence: High Range kr 24.41 – kr 66.02 Share as image

Fair value as of: Jul 13, 2026

From 20 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from kr 32.19 to kr 35.76 (+11.1%) since Jun 24, 2026. Share price +7.1% over the past month.

A strong business, but screening 37% overvalued on our models.

What matters now

  • A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The model range is unusually wide (kr 24.41 to kr 66.02). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (3 years)

kr 60.32 kr 15.55 Fair Value kr 35.76 Nov 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

33‑month range kr 15.55 – kr 60.32 · fair‑value band kr 24.41 – kr 66.02 · the kr 57.20 price screens above the kr 35.76 fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Sibek AB (SIBEK) currently trades at kr 57.20, while our model-based Fair Value estimate is kr 35.76, implying the stock looks roughly 37.5% overvalued today. The Quality Score stands at 75/100 (high 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: high).

Over the trailing twelve months, Sibek AB generated revenue of 174M SEK at a net margin of 12.9%. Revenue grew 7.8% year over year. It earns a return on equity of 42.3%. The stock trades on a trailing P/E of 22.6. Fundamentals as of Jul 13, 2026

Our scenario range runs from kr 24.41 (bear case) to kr 66.02 (bull case); at kr 57.20, 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 near its 52-week high and 80% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at -37%, SIBEK 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
Residual Income kr 15.57 kr 23.01 kr 221.54 76
Growth DCF kr 21.30 kr 33.05 kr 50.63 72
Growth-Adj P/E kr 35.55 kr 50.79 kr 66.02 68
All 20 models by family
DCF Models
FCF DCF kr 21.75 kr 35.59 kr 57.93 38
5Y Revenue Exit kr 24.41 kr 41.98 kr 66.55 39
5Y P/E Exit kr 32.84 kr 60.02 kr 92.33 38
10Y Revenue Exit kr 22.45 kr 38.08 kr 63.35 36
10Y P/E Exit kr 28.32 kr 50.42 kr 83.78 35
Earnings-Based
Graham-Dodd kr 16.54 kr 87.06 kr 120.50 54
Lynch FV kr 23.93 kr 34.18 kr 44.43 50
PEG = 1.0 kr 23.93 kr 34.18 kr 44.43 46
EPV kr 22.68 kr 25.27 kr 27.43 59
Multiples
P/E Multiple kr 38.32 kr 51.09 kr 63.86 63
P/S Multiple kr 26.73 kr 35.64 kr 44.54 58
P/B Multiple kr 20.34 kr 27.12 kr 33.90 55
EV/EBIT kr 42.01 kr 54.78 kr 67.56 53
EV/Revenue kr 26.14 kr 35.76 kr 45.38 43
Asset-Based
NCAV (Graham) kr 3.01 kr 4.04 kr 6.03 50
Growth DCF
Growth DCF kr 21.30 kr 33.05 kr 50.63 72
Rev-Margin DCF kr 24.41 kr 41.33 kr 64.10 67
Economic Profit
Residual Income kr 15.57 kr 23.01 kr 221.54 76
ROIC Compounder kr 23.75 kr 27.65 kr 31.66 67
Growth Earnings
Growth-Adj P/E kr 35.55 kr 50.79 kr 66.02 68

Widest divergence: Growth Earnings (kr 50.79) versus Asset-Based (kr 4.04). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 181M SEK
Revenue growth (YoY) +6.3%
Net margin 13.7%
Return on equity 41.9%
Free cash flow 16.5M SEK FY2026
P/E ratio 21.6
More key figures
Operating margin 10.0%
EPS (TTM) kr 2.47
Dividend yield 3.2%
EPS growth (YoY) +88.4%

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 75 · Market factors (momentum, volatility) 76

Profitability 92
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 83
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

Sibek AB (publ) offers technical consultancy services for railway signaling systems in Sweden. It also provides connection management, construction site monitoring, construction inspection, and construction management services. The company was incorporated in 2007 and is based in Årsta, Sweden.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sibek AB reported revenue of kr 181M in FY2026 versus kr 107M in FY2022, a compound +14.0%/yr. Reported net income was kr 24.7M in FY2026, compounding +11.3%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
181M SEK
Latest YoY
+14.1%
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.
+15.3%
Revenue +14.0%/yr
FY22 kr 107M
FY23 kr 118M
FY24 kr 144M
FY25 kr 159M
FY26 kr 181M
Net income +11.3%/yr
FY22 kr 16.1M
FY23 kr 12.0M
FY24 kr 16.5M
FY25 kr 20.8M
FY26 kr 24.7M

SIBEK screens 37% overvalued. Compare with ASSA ABLOY AB →

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Cite: Fair Value Calculator (2026). "Sibek AB Fair Value". https://www.fairvalue-calculator.com/stock/SIBEK

Peer Group

Security & Protection Services · 114 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 75 · Top 25%
Fair Value upside −38% · Below median
Return on equity (TTM) 42% · Top 25%
Return on assets 22% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 10% · Above median
Revenue growth 6% · Below median
Dividend yield (TTM) 3.2% · Above median

Valuation Multiples vs Security & Protection Services median · lower = cheaper

P/E (TTM) 21.6× · Pricier than median
P/B 8.86× · Pricier than 75% of peers
P/S (TTM) 3.00× · Pricier than 75% of peers
P/FCF 3.5× · Cheaper than median
EV/EBITDA 16.3× · Pricier than 75% of peers

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 19
FUTURE 32 · sector 39
PAST 100 · sector 20
HEALTH 0 · sector 99
DIVIDEND 65 · sector 49

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 Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
ASSA ABLOY AB ASSAB kr 348.40 kr 269.97 -23%
Verisure plc VSURE €10.26 €12.40 +21%
Allegion plc ALLE $137.24 $127.80 -7%
Securitas AB SECUB kr 162.10 kr 186.34 +15%
Zhejiang Dahua Technology Co 002236 ¥16.57 ¥23.58 +42%
MSA Safety Incorporated MSA $169.00 $118.51 -30%
ADT Inc ADT $7.06 $17.10 +142%
The Brink's Company BCO $104.24 $101.84 -2%
Brady Corporation BRC $90.16 $73.43 -19%
The GEO Group GEO $29.46 $32.36 +10%

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Frequently asked questions

Is Sibek AB (SIBEK) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of kr 35.76 versus a price of kr 57.20, about −37% (overvalued).
What is the fair value of SIBEK?
Our model-based fair value for Sibek AB is kr 35.76 (as of Jul 13, 2026), built from audited fundamentals. The current price is kr 57.20.
What is the quality score of SIBEK?
Sibek AB has a Quality Score of 75/100. 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 Sibek AB (SIBEK)?
Sibek AB reported trailing-twelve-month revenue of about 174M SEK (latest available figure, as of Jul 13, 2026).
What is the net profit margin of SIBEK?
The net profit margin of Sibek AB is about 12.9%, meaning it keeps roughly 12.9% 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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