SkiStar AB (publ) (SKIS-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of SkiStar AB (publ) stock SEK 131, price SEK 176, upside -25.2%, quality 60 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 13, 2026.
How to read this chart
60‑month range kr 89.23 – kr 176.99 · fair‑value band kr 77.87 – kr 186.65 · the kr 175.70 price screens above the kr 131.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
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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.
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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.
Stock analysis
SkiStar AB (publ) (SKIS-B) currently trades at kr 175.70, while our model-based Fair Value estimate is kr 131.44, 25.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 147.96 per share, and 2 of the 24 models we run sit above the kr 175.70 price.
Bear case: the Asset-Based group reads lowest at kr 33.26, and 22 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 77.87 (bear) to kr 186.65 (bull), the price of kr 175.70 sits inside 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 60/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SkiStar AB (publ) 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.
Key figures
Market cap 13.8B SEK (≈ $1.4B) Small · P/E ratio 20.8 · P/S ratio 2.77 · EPS (TTM) kr 8.01 · Dividend yield 1.7% · Net margin 12.6% · Return on equity 14.8% · Return on assets (EBIT) 8.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 48% fair-value upside, at −25%, SKIS-B screens richer than that median.
Fair Value models
Bearkr 77.87Fair Value kr 131.44Bullkr 186.65
Price kr 175.70 · Upside -25.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (kr 5.01 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.3%
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.
+4.2%
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.
+14.4%
Start year 2020 (pandemic). Over 10 years: +9.3% a year
Revenue growth 23 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.
+7.5%
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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.
+15.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.7%
Dividend (yield on the price)1.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13.7% vs 8.3%, picking up
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.17% → 17%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+16.6%
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 +14.4% 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.Resorts & Casinos · 72 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−25.2% · Below median
Profitability
Return on equity (12 months)14.8% · Top 25%
Return on assets6.3% · Top 25%
Net margin (12 months)12.6% · Top 25%
Operating margin (12 months)−97.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)28.3% · Top 25%
Dividend yield (12 months)1.7% · Below median
Balance sheet
Debt / equity0.35× · Below median
Valuation Multiplesvs Resorts & Casinos median · lower = cheaper
P/E (12 months)20.8× · Pricier than median
P/B3.48× · Priciest 25%
P/S (12 months)2.77× · Pricier than median
Price / free cash flow23.8× · Priciest 25%
EV/EBITDA10.6× · Pricier than median
PEG2.65× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 50
FUTURE (revenue growth)100· sector 16
PAST (return on equity)59· sector 16
HEALTH (low debt)83· sector 82
DIVIDEND (yield)34· sector 59
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). "SkiStar AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/SKIS-B
Frequently asked questions
Is SkiStar AB (publ) (SKIS-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 131.44 versus a price of kr 175.70, about −25% upside (overvalued).
What is the fair value of SKIS-B?
Our model-based fair value for SkiStar AB (publ) is kr 131.44 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 175.70.
What is the quality score of SKIS-B?
SkiStar AB (publ) has a Quality Score of 60/100. 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 SkiStar AB (publ) (SKIS-B)?
Our model-based price target is the fair value of kr 131.44 (as of Oct 13, 2026) from 24 valuation models. Cautious scenario kr 77.87, optimistic scenario kr 186.65. It is a calculation from audited fundamentals, not an analyst target.
What is the SkiStar AB (publ) stock forecast for 2026?
Our models put fair value at kr 131.44, about −25% upside versus a price of kr 175.70 (overvalued). Cautious scenario kr 77.87, optimistic scenario kr 186.65. The calculation is refreshed regularly with new filings.
What is the revenue of SkiStar AB (publ) (SKIS-B)?
SkiStar AB (publ) reported trailing-twelve-month revenue of about 5.0B SEK (latest available figure, as of Oct 13, 2026).
Does SkiStar AB (publ) pay a dividend?
SkiStar AB (publ) currently shows a dividend yield of 1.71% relative to its recent price (as of Oct 13, 2026).
What growth is priced into SkiStar AB (publ) (SKIS-B)?
For today's price to be fair in a discounted-cash-flow model, SkiStar AB (publ) would have to grow free cash flow by +16.6 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.4 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of SKIS-B use?
Our models discount SkiStar AB (publ) at 10.4 %: a base by market capitalisation (small), damped by beta 0.77, 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 SkiStar AB (publ) that is +16.6 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has SkiStar AB (publ) (SKIS-B) delivered so far?
Over the past 5 years revenue at SkiStar AB (publ) grew +14.4 % a year. The price currently implies +16.6 % 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 SkiStar AB (publ) (SKIS-B) growing?
The median revenue growth in the sector is +4.3 % a year. That is the yardstick for the growth priced into SkiStar AB (publ) (+16.6 % 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 SkiStar AB (publ) (SKIS-B)?
The free-cash-flow yield on the price is 4.21 %: that much free cash flow SkiStar AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SkiStar AB (publ) (SKIS-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SkiStar AB (publ) it is kr 131.44 per share (as of Oct 13, 2026), against a price of kr 175.70. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is SkiStar AB (publ) stock overvalued or undervalued in 2026?
As of Oct 13, 2026, SKIS-B trades above its calculated fair value: price kr 175.70, fair value kr 131.44, a gap of about −25% (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 SKIS-B?
No. The price is what the market pays today (kr 175.70); the fair value is what the company's own numbers justify (kr 131.44). For SkiStar AB (publ) the two are kr 44.26 per share apart. That gap is exactly why we show both numbers side by side.
How much is SkiStar AB (publ) worth?
The market values SkiStar AB (publ) at about 13.8B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 175.70; our models calculate a fair value of kr 131.44 per share.
What do the bullish and bearish scenarios say about SKIS-B?
Our models span a range for SkiStar AB (publ): cautious scenario kr 77.87, base kr 131.44, optimistic kr 186.65 per share (as of Oct 13, 2026, price kr 175.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SKIS-B?
SkiStar AB (publ) trades at a price-to-earnings ratio of 20.8 (as of Oct 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 131.44 is built from several models across several years. Other multiples: PEG 2.7, P/B 3.5, P/S 2.8, EV/EBITDA 10.6.
What is the PEG ratio of SKIS-B?
The PEG ratio of SkiStar AB (publ) is 2.65 (P/E divided by earnings growth, as of Oct 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of SkiStar AB (publ) (SKIS-B)?
Balance-sheet figures for SkiStar AB (publ) (as of Oct 13, 2026): return on equity 14.8%, debt of 0.35 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is SKIS-B from its 52-week high?
SkiStar AB (publ) trades at kr 175.70, at its 52-week high of kr 175.70 and 21% above the low of kr 145.00 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 131.44 is for.
Which stocks are comparable to SkiStar AB (publ)?
From the same area (Consumer Cyclical) we also value Las Vegas Sands Corp, Galaxy Entertainment Group, Sands China Ltd, Wynn Resorts, Limited, 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 SkiStar AB (publ) stock attractive at the current price?
The data as of Oct 13, 2026: price kr 175.70, calculated fair value kr 131.44 (−25%), Quality Score 60/100, from 24 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 SKIS-B calculated?
We run SkiStar AB (publ) through 24 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 131.44, 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 13.9 % above its aggregate fair value. SkiStar AB (publ) 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 SkiStar AB (publ) (SKIS-B)?
The closing price on Oct 19, 2026 was kr 175.70. Our model-based fair value is kr 131.44, about −25% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SkiStar AB (publ) right now?
Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 77.87 to kr 186.65) leaves room in how you read the outcome.
Where does the earnings growth of SkiStar AB (publ) (SKIS-B) come from?
Earnings per share at SkiStar AB (publ) grew +7.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.5 %, EBIT margin −2.0 %, tax rate −0.2 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of SkiStar AB (publ)
How large is the market capitalisation of SkiStar AB (publ) (SKIS-B)?
The market capitalisation of SkiStar AB (publ) is 13.8B SEK (≈ $1.4B). 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 SkiStar AB (publ) (SKIS-B)?
The price-to-sales ratio of SkiStar AB (publ) is 2.77 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SkiStar AB (publ) (SKIS-B)?
Earnings per share at SkiStar AB (publ) are kr 8.01 (price ÷ EPS = P/E 20.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SkiStar AB (publ) (SKIS-B)?
The dividend yield of SkiStar AB (publ) is 1.7% (payout 37.5%). 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 SkiStar AB (publ) (SKIS-B)?
The net margin of SkiStar AB (publ) is 12.6% (last twelve months). 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 SkiStar AB (publ) (SKIS-B)?
The return on equity (ROE) of SkiStar AB (publ) is 14.8% (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 SkiStar AB (publ) (SKIS-B)?
On an EBIT basis the return on assets of SkiStar AB (publ) is 8.0% (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 SkiStar AB (publ) (SKIS-B)?
The operating margin of SkiStar AB (publ) is −97.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SkiStar AB (publ) (SKIS-B)?
Revenue at SkiStar AB (publ) is growing +28.3% versus a year earlier (3y avg +4.2%). 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 SkiStar AB (publ) (SKIS-B)?
Earnings per share at SkiStar AB (publ) are growing −10.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SkiStar AB (publ) (SKIS-B) carry?
The net debt of SkiStar AB (publ) is 3.7B SEK (fiscal year 2025, ≈ 6.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 13, 2026