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SRV Yhtiöt Oyj (SRV1V) Fair Value & Analysis

Industrials · FI · Market cap €91.2M

SY SRV Yhtiöt Oyj SRV1V · HE
Price€7.06
Fair Value€16.79
Upside+137.8%
Quality47/100
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Weak Growth
Thin margins · 2.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/14)
Narrow moat 32/100
Evidence: High Range €13.84 – €20.22 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated today

Fair value updated Aug 13, 2026, revised from €17.12 to €16.79 (−1.9%) since Jul 18, 2026. Share price +31.7% over the past month.

Below-average quality, screening 138% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€13.84). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

€17.69 €3.20 Fair Value €16.79 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €3.20 – €17.69 · fair‑value band €13.84 – €20.22 · the €7.06 price screens below the €16.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

SRV Yhtiöt Oyj (SRV1V) currently trades at €7.06, while our model-based Fair Value estimate is €16.79, implying the stock looks roughly 137.8% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials 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, SRV Yhtiöt Oyj generated revenue of €685M at a net margin of 2.1%. Revenue declined 12.9% year over year. It earns a return on equity of 9.1%. Net debt stands at €56.8M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €13.84 (bear case) to €20.22 (bull case); at €7.06, the current price sits below 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 near its 52-week high and 71% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 138%, SRV1V 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
Growth DCF €12.67 €14.71 €17.76 80
Residual Income €7.56 €7.94 €8.45 76
Rev-Margin DCF €15.17 €20.85 €27.76 74
All 24 models by family
DCF Models
FCF DCF €12.45 €14.63 €18.14 38
Owner Earnings €10.57 €12.27 €14.99 31
5Y Revenue Exit €15.17 €20.61 €28.53 39
5Y EBITDA Exit €16.61 €23.11 €31.71 41
5Y P/E Exit €14.53 €19.51 €25.46 38
10Y Revenue Exit €13.53 €16.99 €20.70 36
10Y EBITDA Exit €14.57 €18.31 €22.30 37
10Y P/E Exit €13.49 €16.41 €19.17 35
Earnings-Based
Graham-Dodd €6.22 €7.60 €8.55 54
EPV €13.96 €15.15 €16.11 59
Dividend Discount
Gordon GGM €1.14 €1.22 €1.34 70
DDM Multi-Stage €1.14 €1.32 €1.55 61
Multiples
P/E Multiple €14.40 €19.20 €24.00 63
P/S Multiple €11.66 €15.54 €19.43 58
P/B Multiple €11.66 €15.54 €19.43 55
EV/EBIT €24.74 €31.64 €38.53 53
EV/EBITDA €23.09 €29.43 €35.78 54
EV/Revenue €18.82 €25.15 €31.47 43
Asset-Based
NCAV (Graham) €4.90 €6.56 €9.79 50
Growth DCF
Growth DCF €12.67 €14.71 €17.76 80
Rev-Margin DCF €15.17 €20.85 €27.76 74
Economic Profit
Residual Income €7.56 €7.94 €8.45 76
ROIC Compounder €13.96 €15.43 €16.78 72
Growth Earnings
Growth-Adj P/E €10.17 €14.53 €18.88 68

Widest divergence: Multiples (€19.20) versus Dividend Discount (€1.22). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €685M
Revenue growth (YoY) -12.9%
Net margin 2.1%
Return on equity 9.1%
Free cash flow €19.7M FY2025
P/E ratio 18.6
More key figures
Operating margin -0.2%
EPS (TTM) €0.3800
EPS growth (YoY) +684%
Net debt €56.8M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 66

Profitability 40
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 43
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

SRV Yhtiöt Oyj, together with its subsidiaries, operates as a project management contractor company in Finland. The company builds and develops commercial and business premises, such as offices, hotels, retail premises, and industrial and logistics centers; and housing.

Full company description

SRV Yhtiöt Oyj, together with its subsidiaries, operates as a project management contractor company in Finland. The company builds and develops commercial and business premises, such as offices, hotels, retail premises, and industrial and logistics centers; and housing. It also provides building maintenance, renovation, and technology services; technical units and procurement; internal services; building services engineering; and energy and lifecycle services. SRV Yhtiöt Oyj was founded in 1987 and is headquartered in Helsinki, Finland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SRV Yhtiöt Oyj reported revenue of €706M in FY2025 versus €933M in FY2021, a compound −6.7%/yr. Reported net income was €15.5M in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€706M
Latest YoY
−5.4%
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.
−2.9%
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.
−6.3%
Avg. growth/yr (22Y) 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.
+4.4%
Revenue −6.7%/yr
FY21 €933M
FY22 €770M
FY23 €610M
FY24 €746M
FY25 €706M
Net income
FY21 −€19.9M
FY22 −€85.7M
FY23 −€15.1M
FY24 €5.3M
FY25 €15.5M
Character of growth · EPS growth decomposed (2014-2025) −25.9 % p.a.
Revenue per share −23.7 pp

of which total revenue −0.5 pp · buybacks/dilution −23.2 pp

EBIT margin −2.2 pp
Tax rate −0.1 pp
Residual (interest, one-offs) +0.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "SRV Yhtiöt Oyj Fair Value". https://www.fairvalue-calculator.com/stock/SRV1V

Peer Group

Engineering & Construction · 839 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 47 · Below median
Fair Value upside +138% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) -0% · Bottom 25%
Revenue growth -13% · Below median
Debt / equity 0.21× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 18.6× · Pricier than median
P/B 0.63× · Cheaper than median
P/S (TTM) 0.15× · Cheaper than 75% of peers
P/FCF 5.3× · Pricier than median
EV/EBITDA 6.0× · Cheaper than median
PEG 97.78× · 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 100 · sector 14
FUTURE 0 · sector 14
PAST 36 · sector 26
HEALTH 89 · sector 94
DIVIDEND 0 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹230.00 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 45,400 KRW 43,924 KRW -3%

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Frequently asked questions

Is SRV Yhtiöt Oyj (SRV1V) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €16.79 versus a price of €7.06, about +138% (undervalued).
What is the fair value of SRV1V?
Our model-based fair value for SRV Yhtiöt Oyj is €16.79 (as of Aug 13, 2026), built from audited fundamentals. The current price is €7.06.
What is the quality score of SRV1V?
SRV Yhtiöt Oyj has a Quality Score of 47/100. 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 SRV Yhtiöt Oyj (SRV1V)?
SRV Yhtiöt Oyj reported trailing-twelve-month revenue of about €685M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SRV1V?
The net profit margin of SRV Yhtiöt Oyj is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.

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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