EN DE

Söder Sportfiske AB (SODER) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 140M SEK

SS Söder Sportfiske AB SODER · ST
Pricekr 16.05
Fair Valuekr 19.09
Upside+18.9%
Quality67/100
Watch Söder Sportfiske AB for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 2.9% net margin
generates free cash flow
4.71% dividend yield
Ranks above peers (9/13)
Narrow moat 28/100
Evidence: High Range kr 15.22 – kr 22.71 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from kr 20.29 to kr 19.09 (−5.9%) since Jun 24, 2026.

A solid business, screening 19% undervalued on our models.

What matters now

  • Our model range runs from kr 15.22 (bear) to kr 22.71 (bull), base kr 19.09. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 67/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

kr 66.36 kr 14.85 Fair Value kr 19.09 Sep 2021 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

59‑month range kr 14.85 – kr 66.36 · fair‑value band kr 15.22 – kr 22.71 · the kr 16.05 price screens below the kr 19.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Söder Sportfiske AB (SODER) currently trades at kr 16.05, while our model-based Fair Value estimate is kr 19.09, implying the stock looks roughly 18.9% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Söder Sportfiske AB generated revenue of 243M SEK at a net margin of 2.9%. Revenue declined 2.2% year over year. It earns a return on equity of 7.9%. The balance sheet holds a net cash position of 39.1M SEK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 15.22 (bear case) to kr 22.71 (bull case); at kr 16.05, 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 55% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at 19%, SODER 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 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 8.17 kr 8.49 kr 8.70 76
Growth DCF kr 16.56 kr 21.97 kr 28.87 72
Growth-Adj P/E kr 11.27 kr 16.10 kr 20.93 68
All 24 models by family
DCF Models
FCF DCF kr 16.69 kr 22.76 kr 30.99 38
Owner Earnings kr 18.58 kr 25.60 kr 35.12 31
5Y Revenue Exit kr 13.74 kr 18.49 kr 24.55 39
5Y EBITDA Exit kr 16.69 kr 24.32 kr 33.47 41
5Y P/E Exit kr 17.57 kr 26.06 kr 35.36 38
10Y Revenue Exit kr 14.68 kr 19.07 kr 25.10 36
10Y EBITDA Exit kr 16.50 kr 22.64 kr 31.22 37
10Y P/E Exit kr 16.99 kr 23.71 kr 32.52 35
Earnings-Based
Graham-Dodd kr 6.27 kr 25.08 kr 34.10 54
Lynch FV kr 6.24 kr 8.91 kr 11.58 50
PEG = 1.0 kr 6.24 kr 8.91 kr 11.58 46
EPV kr 7.49 kr 7.84 kr 8.12 59
Multiples
P/E Multiple kr 15.22 kr 20.29 kr 25.36 63
P/S Multiple kr 11.76 kr 15.68 kr 19.60 58
P/B Multiple kr 11.76 kr 15.68 kr 19.60 55
EV/EBIT kr 15.48 kr 19.09 kr 22.71 53
EV/EBITDA kr 18.14 kr 22.64 kr 27.14 54
EV/Revenue kr 11.94 kr 15.07 kr 18.21 43
Asset-Based
NCAV (Graham) kr 5.38 kr 7.21 kr 10.76 50
Growth DCF
Growth DCF kr 16.56 kr 21.97 kr 28.87 72
Rev-Margin DCF kr 13.74 kr 18.57 kr 24.55 67
Economic Profit
Residual Income kr 8.17 kr 8.49 kr 8.70 76
ROIC Compounder kr 7.49 kr 7.84 kr 8.12 67
Growth Earnings
Growth-Adj P/E kr 11.27 kr 16.10 kr 20.93 68

Widest divergence: DCF Models (kr 22.76) versus Asset-Based (kr 7.21). Highest evidence: Residual Income (76).

Notify me when SODER reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 243M SEK
Revenue growth (YoY) -2.2%
Net margin 2.9%
Return on equity 7.9%
Free cash flow 11.5M SEK FY2025
P/E ratio 19.9
More key figures
Operating margin -5.5%
EPS (TTM) kr 0.8300
Dividend yield 4.7%
EPS growth (YoY) -29.1%
Net cash 39.1M SEK FY2025

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

Quality Score breakdown

Overall quality 67/100

Of which business quality 68 · Market factors (momentum, volatility) 27

Profitability 43
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 5
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

Söder Sportfiske AB sells of sport fishing products in Sweden. The company provides fishing rods and reels; fishing lures, including wobblers, spoon lures, spinners, jerkbaits, rubber rules, and fly fishing; and clothes comprising jackets, trousers, overalls, waders, shoes and boots, sweaters, undergarments, and accessories.

Full company description

Söder Sportfiske AB sells of sport fishing products in Sweden. The company provides fishing rods and reels; fishing lures, including wobblers, spoon lures, spinners, jerkbaits, rubber rules, and fly fishing; and clothes comprising jackets, trousers, overalls, waders, shoes and boots, sweaters, undergarments, and accessories. It also offers electric motors, and sonar and GPS units, as well as accessories and other products, such as fishing lines, landing nets, hooks, and small picks, fly tying, tools, boat, accessories, and outdoor products. It sells its products through e-commerce websites that include Sportfiskeprylar.se, Sportfishtackle.com, Sportfishtackle.de, Sportfishtackle.fi, Sportfishtackle.nl, Sportfishtackle.fr, Sportfishtackle.no, Sportfishtackle.dk, and Fishline.se, as well as though physical stores. It markets its products under the Söder Tackle, Söder Sportfiske, Eastfield Lures, Vatn, Söder Custom, Troutland, ANGLRS, HQ Flies and Fishline. The company was incorporated in 2004 and is based in Järfälla, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Söder Sportfiske AB reported revenue of kr 244M in FY2025 versus kr 195M in FY2021, a compound +5.8%/yr. Reported net income was kr 7.8M in FY2025, compounding −3.5%/yr from FY2021.

Growth Quality 71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
244M SEK
Latest YoY
+4.8%
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.
+9.2%
Avg. growth/yr (5Y) 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.
+8.0%
Avg. growth/yr (7Y) 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.
+19.0%
Revenue +5.8%/yr
FY21 kr 195M
FY22 kr 187M
FY23 kr 223M
FY24 kr 232M
FY25 kr 244M
Net income −3.5%/yr
FY21 kr 9.0M
FY22 kr 3.1M
FY23 kr 5.7M
FY24 kr 7.2M
FY25 kr 7.8M

Watch SODER: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Söder Sportfiske AB Fair Value". https://www.fairvalue-calculator.com/stock/SODER

Peer Group

Leisure · 190 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 67 · Top 25%
Fair Value upside +19% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) -6% · Bottom 25%
Revenue growth -2% · Below median
Dividend yield (TTM) 4.7% · Top 25%

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 19.9× · Pricier than median
P/B 1.53× · Cheaper than median
P/S (TTM) 0.58× · Cheaper than median
P/FCF 1.3× · Cheaper than median
EV/EBITDA 8.3× · 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 59 · sector 14
FUTURE 0 · sector 18
PAST 32 · sector 19
HEALTH 0 · sector 94
DIVIDEND 94 · sector 51

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 Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$74.15 HK$119.29 +61%
Pop Mart International Group 9992 HK$160.20 HK$227.30 +42%
Amer Sports, Inc AS $36.44 $16.16 -56%
Hasbro, Inc HAS $81.55 $83.38 +2%
Life Time Group LTH $42.15 $16.15 -62%
Acushnet Holdings GOLF $114.78 $37.79 -67%
Li Ning Company 2331 HK$14.80 HK$29.26 +98%
Benefit Systems S.A BFT 5,255 PLN 3,714 PLN -29%
Ninebot Limited 689009 ¥37.82 ¥39.17 +4%
Asmodee Group ASMDEEB kr 145.70 kr 41.90 -71%

Compare Söder Sportfiske AB with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Söder Sportfiske AB (SODER) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 19.09 versus a price of kr 16.05, about +19% (undervalued).
What is the fair value of SODER?
Our model-based fair value for Söder Sportfiske AB is kr 19.09 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 16.05.
What is the quality score of SODER?
Söder Sportfiske AB has a Quality Score of 67/100. 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 Söder Sportfiske AB (SODER)?
Söder Sportfiske AB reported trailing-twelve-month revenue of about 243M SEK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of SODER?
The net profit margin of Söder Sportfiske AB is about 2.9%, meaning it keeps roughly 2.9% of revenue as net income. Based on the latest reported figures.
Does Söder Sportfiske AB pay a dividend?
Söder Sportfiske AB currently shows a dividend yield of about 5.06% 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.

14 days Pro free · no card

Track Söder Sportfiske AB and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.