Solar A/S (SOLAR-B) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Solar A/S stock DKK 123, price DKK 190, upside -34.9%, quality 40 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 172.21 – kr 626.27 · fair‑value band kr 112.25 – kr 184.28 · the kr 189.60 price screens above the kr 123.47 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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Solar A/S operates as a sourcing and services company in electrical, heating and plumbing, ventilation, and climate and energy solutions in Denmark, Sweden, Norway, The Netherlands, and Poland. It operates through three segments: Installation, Industry, and Trade.
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The company offers EV chargers, data and security, renewable energy, heating and plumbing, ventilation, lighting, cable, and electrical material products; tools, cable, ventilation; and office and canteen article products.
It also provides inventory management, special handling, logistic solutions, and rental services, as well as delivery and support services. Solar A/S was founded in 1919 and is based in Vejen, Denmark.
Stock analysis
Solar A/S (SOLAR-B) currently trades at kr 189.60, while our model-based Fair Value estimate is kr 123.47, 34.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 293.93 per share, and 4 of the 14 models we run sit above the kr 189.60 price.
Bear case: the Earnings-Based group reads lowest at kr 63.58, and 10 of the 14 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 112.25 (bear) to kr 184.28 (bull), the price of kr 189.60 sits above 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 40/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Solar A/S reported revenue of 12.2B DKK in FY2025 versus 12.4B DKK in FY2021, a compound −0.4%/yr. Reported net income was 74.0M DKK in FY2025, compounding −38.9%/yr from FY2021.
Key figures
Market cap 1.5B DKK (≈ $226M) Micro · P/E ratio 37.1 · P/S ratio 0.12 · EPS (TTM) kr 5.12 · Dividend yield 7.3% · Net margin 0.3% · Return on equity 1.6% · Return on assets (EBIT) 9.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at −35%, SOLAR-B screens richer than that median.
Fair Value models
Bearkr 112.25Fair Value kr 123.47Bullkr 184.28
Price kr 189.60 · Upside -34.9%
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 10 months old). Earnings retained since then (kr 4.11 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.22/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−0.4%
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.
+1.2%
Start year 2020 (pandemic). Over 10 years: +1.4% a year
Revenue growth 20 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.
+3.0%
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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.
−12.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.0%
Dividend (yield on the price)7.3%
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.−20.0% vs −6.2%, slowing
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.5% → 1%
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.Electronics & Computer Distribution · 157 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−34.9% · Below median
Profitability
Return on equity (12 months)1.6% · Bottom 25%
Return on assets1.2% · Below median
Net margin (12 months)0.3% · Bottom 25%
Operating margin (12 months)−0.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)14.0% · Above median
Dividend yield (12 months)7.3% · Top 25%
Balance sheet
Debt / equity0.34× · Highest 25%
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
P/E (12 months)37.1× · Priciest 25%
P/B0.77× · Cheapest 25%
P/S (12 months)0.12× · Cheapest 25%
EV/EBITDA9.0× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)70· sector 70
PAST (return on equity)6· sector 39
HEALTH (low debt)83· sector 98
DIVIDEND (yield)100· 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). "Solar A/S Fair Value". https://www.fairvalue-calculator.com/stock/SOLAR-B
Frequently asked questions
Is Solar A/S (SOLAR-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 123.47 versus a price of kr 189.60, about −35% upside (overvalued).
What is the fair value of SOLAR-B?
Our model-based fair value for Solar A/S is kr 123.47 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 189.60.
What is the quality score of SOLAR-B?
Solar A/S 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 price target for Solar A/S (SOLAR-B)?
Our model-based price target is the fair value of kr 123.47 (as of Oct 13, 2026) from 15 valuation models. Cautious scenario kr 112.25, optimistic scenario kr 184.28. It is a calculation from audited fundamentals, not an analyst target.
What is the Solar A/S stock forecast for 2026?
Our models put fair value at kr 123.47, about −35% upside versus a price of kr 189.60 (overvalued). Cautious scenario kr 112.25, optimistic scenario kr 184.28. The calculation is refreshed regularly with new filings.
What is the revenue of Solar A/S (SOLAR-B)?
Solar A/S reported trailing-twelve-month revenue of about 12.7B DKK (latest available figure, as of Oct 13, 2026).
Does Solar A/S pay a dividend?
Solar A/S currently shows a dividend yield of 7.28% relative to its recent price (as of Oct 13, 2026).
What is the intrinsic value of Solar A/S (SOLAR-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Solar A/S it is kr 123.47 per share (as of Oct 13, 2026), against a price of kr 189.60. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Solar A/S stock overvalued or undervalued in 2026?
As of Oct 13, 2026, SOLAR-B trades above its calculated fair value: price kr 189.60, fair value kr 123.47, a gap of about −35% (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 SOLAR-B?
No. The price is what the market pays today (kr 189.60); the fair value is what the company's own numbers justify (kr 123.47). For Solar A/S the two are kr 66.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is Solar A/S worth?
The market values Solar A/S at about 1.5B DKK (market capitalisation, as of Oct 13, 2026). Per share that is kr 189.60; our models calculate a fair value of kr 123.47 per share.
What do the bullish and bearish scenarios say about SOLAR-B?
Our models span a range for Solar A/S: cautious scenario kr 112.25, base kr 123.47, optimistic kr 184.28 per share (as of Oct 13, 2026, price kr 189.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SOLAR-B?
Solar A/S trades at a price-to-earnings ratio of 37.1 (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 123.47 is built from several models across several years. Other multiples: P/B 0.8, P/S 0.1, EV/EBITDA 9.0.
How solid is the balance sheet of Solar A/S (SOLAR-B)?
Balance-sheet figures for Solar A/S (as of Oct 13, 2026): return on equity 1.6%, debt of 0.34 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is SOLAR-B from its 52-week high?
Solar A/S trades at kr 189.60, about 14% below its 52-week high of kr 221.50 and 10% above the low of kr 172.21 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of kr 123.47 is for.
Which stocks are comparable to Solar A/S?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Arrow Electronics, Inc, Avnet, Inc, 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 Solar A/S stock attractive at the current price?
The data as of Oct 13, 2026: price kr 189.60, calculated fair value kr 123.47 (−35%), Quality Score 40/100, from 15 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 SOLAR-B calculated?
We run Solar A/S through 15 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 123.47, 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. Solar A/S 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 Solar A/S (SOLAR-B)?
The closing price on Oct 20, 2026 was kr 189.60. Our model-based fair value is kr 123.47, about −35% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Solar A/S right now?
The price sits above even our optimistic bull case (kr 184.28). 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.
Where does the earnings growth of Solar A/S (SOLAR-B) come from?
Earnings per share at Solar A/S grew +3.8 % a year from 2015 to 2025. Broken into its drivers: revenue per share +2.3 %, EBIT margin +2.2 %, tax rate +1.2 %, residual (interest, one-offs) −1.9 %. 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 Solar A/S
How large is the market capitalisation of Solar A/S (SOLAR-B)?
The market capitalisation of Solar A/S is 1.5B DKK (≈ $226M). 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 Solar A/S (SOLAR-B)?
The price-to-sales ratio of Solar A/S is 0.12 (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 Solar A/S (SOLAR-B)?
Earnings per share at Solar A/S are kr 5.12 (price ÷ EPS = P/E 37.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Solar A/S (SOLAR-B)?
The dividend yield of Solar A/S is 7.3%. 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 Solar A/S (SOLAR-B)?
The net margin of Solar A/S is 0.3% (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 Solar A/S (SOLAR-B)?
The return on equity (ROE) of Solar A/S is 1.6% (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 Solar A/S (SOLAR-B)?
On an EBIT basis the return on assets of Solar A/S is 9.2% (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 Solar A/S (SOLAR-B)?
The operating margin of Solar A/S is −0.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Solar A/S (SOLAR-B)?
Revenue at Solar A/S is growing +14.0% 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 Solar A/S (SOLAR-B)?
Earnings per share at Solar A/S are growing +84.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Solar A/S (SOLAR-B) generate?
The free cash flow of Solar A/S is −10.0M DKK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Solar A/S (SOLAR-B) carry?
The net debt of Solar A/S is 1.9B DKK (fiscal year 2025). 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