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Siljansvik AB (SIVI) Fair Value & Analysis

Utilities · SE · Market cap 1.6B SEK

SA Siljansvik AB SIVI · ST
Pricekr 116.00
Fair Valuekr 82.78
Upside-28.6%
Quality40/100
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Weak Growth
Highly profitable · 102.7% net margin
Low debt · negative free cash flow
2.17% dividend yield
Trails peers (4/12)
Narrow moat 41/100
Evidence: Medium Range kr 62.09 – kr 86.75 Share as image

Fair value as of: Jul 18, 2026

From 10 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from kr 87.65 to kr 82.78 (−5.6%) since Jun 24, 2026. Share price −0.9% over the past month.

Below-average quality, and screening another 29% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 86.75). The favourable scenario is already priced in.
  • Weak quality (40/100) 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 127.48 kr 36.54 Fair Value kr 82.78 Jan 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

54‑month range kr 36.54 – kr 127.48 · fair‑value band kr 62.09 – kr 86.75 · the kr 116.00 price screens above the kr 82.78 fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Siljansvik AB (SIVI) currently trades at kr 116.00, while our model-based Fair Value estimate is kr 82.78, implying the stock looks roughly 28.6% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Utilities 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).

Trailing-twelve-month revenue stands at 61.6M SEK. It earns a return on equity of 2.5%. Net debt stands at 392M SEK. The stock trades on a trailing P/E of 20.7. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 62.09 (bear case) to kr 86.75 (bull case); at kr 116.00, 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 11% below its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at -29%, SIVI 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 103.57 kr 100.83 kr 82.04 76
Gordon GGM kr 32.19 kr 34.70 kr 38.44 70
Growth-Adj P/E kr 51.68 kr 73.82 kr 95.97 68
All 10 models by family
DCF Models
Owner Earnings kr 94.33 kr 105.76 kr 124.95 31
Earnings-Based
Graham-Dodd kr 33.11 kr 40.47 kr 45.53 54
Dividend Discount
Gordon GGM kr 32.19 kr 34.70 kr 38.44 70
DDM Multi-Stage kr 32.19 kr 38.32 kr 46.23 61
Multiples
P/E Multiple kr 73.05 kr 97.39 kr 121.74 63
P/S Multiple kr 5.84 kr 7.78 kr 9.73 58
P/B Multiple kr 62.09 kr 82.78 kr 103.48 55
Asset-Based
NCAV (Graham) kr 74.58 kr 99.94 kr 149.16 50
Economic Profit
Residual Income kr 103.57 kr 100.83 kr 82.04 76
Growth Earnings
Growth-Adj P/E kr 51.68 kr 73.82 kr 95.97 68

Widest divergence: DCF Models (kr 105.76) versus Dividend Discount (kr 34.70). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 61.6M SEK
Revenue growth (YoY) +400%
Net margin 103%
Return on equity 2.5%
Free cash flow −77.6M SEK FY2025
P/E ratio 20.7
More key figures
Operating margin 6.3%
EPS (TTM) kr 5.37
Dividend yield 2.2%
EPS growth (YoY) +51.9%
Net debt 392M SEK FY2023

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 42 · Market factors (momentum, volatility) 74

Profitability 32
Margins and returns on capital today
Quality Growth 1
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 12
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 70
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

Siljansvik AB (publ) provides for digital communication and energy in Sweden. It operates electricity power grid and fiber network, as well as builds new homes. The company was formerly known as Dala Energi AB (publ) and change its name to Siljansvik AB (publ) in December 2025. The company was incorporated in 1897 and is based in Leksand, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Siljansvik AB reported revenue of kr 42.8M in FY2025 versus kr 307M in FY2021, a compound −38.9%/yr. Reported net income was kr 67.0M in FY2025, compounding +5.0%/yr from FY2021.

Growth Quality 13/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
42.8M SEK
Latest YoY
−89.3%
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.
−49.9%
Revenue −38.9%/yr
FY21 kr 307M
FY22 kr 341M
FY23 kr 376M
FY24 kr 399M
FY25 kr 42.8M
Net income +5.0%/yr
FY21 kr 55.1M
FY22 kr 80.3M
FY23 kr 83.1M
FY24 kr 2.6B
FY25 kr 67.0M

SIVI screens 29% overvalued. Compare with NextEra Energy, Inc →

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

Peer Group

Utilities - Regulated Electric · 154 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 40 · Bottom 25%
Fair Value upside −29% · Below median
Return on equity (TTM) 3% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) 103% · Top 25%
Operating margin (TTM) 6% · Bottom 25%
Revenue growth 400% · Top 25%
Dividend yield (TTM) 2.2% · Below median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/E (TTM) 21.5× · Pricier than median
P/B 0.77× · Cheaper than 75% of peers
P/S (TTM) 25.77× · 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 7
FUTURE 100 · sector 32
PAST 10 · sector 39
HEALTH 100 · sector 54
DIVIDEND 43 · sector 56

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 Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $88.80 $32.94 -63%
The Southern Company SO $95.61 $61.06 -36%
Duke Energy Corporation DUK $126.11 $97.11 -23%
National Grid plc NGG 61,175 ARS 44,377 ARS -27%
American Electric Power Company AEP $132.50 $79.33 -40%
Dominion Energy, Inc D $70.08 $46.92 -33%
NTPC Limited NTPC ₹341.85 ₹377.16 +10%
CEZ, a. s. CEZ 232.40 PLN 159.33 PLN -31%
Power Grid Corporation POWERGRID ₹283.55 ₹252.77 -11%
China National Nuclear Power Co 601985 ¥8.91 ¥7.69 -14%

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Frequently asked questions

Is Siljansvik AB (SIVI) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 82.78 versus a price of kr 116.00, about −29% (overvalued).
What is the fair value of SIVI?
Our model-based fair value for Siljansvik AB is kr 82.78 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 116.00.
What is the quality score of SIVI?
Siljansvik AB has a Quality Score of 40/100. 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 Siljansvik AB (SIVI)?
Siljansvik AB reported trailing-twelve-month revenue of about 61.6M SEK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of SIVI?
The net profit margin of Siljansvik AB is about 102.7%, meaning it keeps roughly 102.7% of revenue as net income. Based on the latest reported figures.
Does Siljansvik AB pay a dividend?
Siljansvik AB currently shows a dividend yield of about 2.21% relative to its recent price (as of Jul 18, 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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