SkiStar AB (SKIS-B) Fair Value & Analysis
Consumer Cyclical · SE · Market cap 12.8B SEK (≈ $1.3B) · ISIN SE0012141687
What is SkiStar AB really worth?
A solid business, but trading 18% above our fair value of kr 139.38.
Strengths
Risks
For context
Fair value as of: Sep 3, 2026
From 24 valuation models · updated 2 days ago
Share price −0.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (kr 82.38 to kr 186.65) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.
How to read this chart
60‑month range kr 89.23 – kr 176.99 · fair‑value band kr 82.38 – kr 186.65 · the kr 163.90 price screens above the kr 139.38 fair value. Dashed = 300-day average. As of Sep 3, 2026.
Analysis
SkiStar AB (SKIS-B) currently trades at kr 163.90, while our model-based Fair Value estimate is kr 139.38, implying the stock looks roughly 17.6% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth Earnings group reads highest at a median of kr 147.96 per share, and 5 of the 24 models we run sit above the kr 163.90 price. Bear case: the Asset-Based group reads lowest at kr 35.53, and 19 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, SkiStar AB generated revenue of 4.9B SEK at a net margin of 12.7%. Revenue grew 7.7% year over year. It earns a return on equity of 15.0%. Net debt stands at 3.7B SEK. Fundamentals as of Sep 3, 2026
Our scenario range runs from kr 82.38 (bear case) to kr 186.65 (bull case); at kr 163.90, 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 7% below its 52-week high and 13% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 12% fair-value upside, at −15%, SKIS-B screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 12 months have passed since. In that time the company retained roughly kr 4.53 per share, which is 3.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
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.
All 24 models by family
Widest divergence: Growth Earnings (kr 147.96) versus Asset-Based (kr 35.53). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 57
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
SkiStar AB (publ) owns and operates Alpine ski resorts in Sweden and Norway. The company operates through three segments: Operation of Mountain Resorts; Property Development and Exploitation; and Operation of Hotels. It is involved in ski and bike rentals, hotel, trail pass, and accommodation business, as well as offers ski pass related services.
Full company description
SkiStar AB (publ) owns and operates Alpine ski resorts in Sweden and Norway. The company operates through three segments: Operation of Mountain Resorts; Property Development and Exploitation; and Operation of Hotels. It is involved in ski and bike rentals, hotel, trail pass, and accommodation business, as well as offers ski pass related services. In addition, the company offers climbing parks, trail cycling, hiking trails, and padel courts, and golf facilities, as well as involved in the investment, development, and sale of land and other properties. Further, it operates hotels under the SkiStar brand name that provides accommodation, restaurants, and other goods and services, as well as operates vacation club. SkiStar AB (publ) was incorporated in 1964 and is based in Sälen, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SkiStar AB reported revenue of 4.6B SEK in FY2025 versus 2.8B SEK in FY2021, a compound +13.9%/yr. Reported net income was 553M SEK in FY2025, compounding +23.4%/yr from FY2021.
of which total revenue +10.5 % · buybacks/dilution +0.0 %
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).
SKIS-B screens 18% overvalued. Compare with Las Vegas Sands Corp →
Peer Group
Resorts & Casinos · 73 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.
Valuation Multiples vs Resorts & Casinos median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Las Vegas Sands Corp LVS | $46.23 | $51.60 | +12% |
| Galaxy Entertainment Group 0027 | HK$33.86 | HK$40.46 | +19% |
| Sands China Ltd 1928 | HK$14.45 | HK$19.10 | +32% |
| MGM Resorts International, through its subsidiaries, MGM | $42.28 | $17.73 | −58% |
| Wynn Resorts, Limited WYNN | $102.97 | $69.39 | −33% |
| Red Rock Resorts, Inc RRR | $58.40 | $18.01 | −69% |
| Boyd Gaming Corporation BYD | $80.63 | $151.24 | +88% |
| Caesars Entertainment, Inc CZR | $29.63 | $80.92 | +173% |
| Genting Singapore Limited G13 | 0.6700 SGD | 0.6900 SGD | +3% |
| Vail Resorts, Inc MTN | $148.36 | $132.94 | −10% |
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