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Scandinavian Tobacco Group (STG) Fair Value & Analysis

Consumer Defensive · DK · Market cap 5.6B DKK

ST Scandinavian Tobacco Group STG · CO
Pricekr 66.10
Fair Valuekr 115.80
Upside+75.2%
Quality52/100
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Evidence: High Range kr 90.41 – kr 171.30

Fair value as of: Jun 24, 2026

From 25 valuation models · updated 9 days ago

Fair value updated Jun 24, 2026 — revised from kr 110.40 to kr 115.80 (+4.9%) since Jun 23, 2026. Share price −0.7% over the past month.

Price vs Fair Value (12 months)

kr 95.01 kr 59.61 Fair Value kr 115.80 Jun 2025 Jul 2026

12‑month range kr 59.61 – kr 95.01 · fair‑value band kr 90.41 – kr 171.30 · the kr 66.10 price screens below the kr 115.80 fair value. As of Jun 24, 2026.

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Analysis

Scandinavian Tobacco Group (STG) currently trades at kr 66.10, while our model-based Fair Value estimate is kr 115.80 — implying the stock looks roughly 75.2% undervalued today. We read business quality at 52/100 (solid quality), in the Consumer Defensive 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, Scandinavian Tobacco Group generated revenue of 8.9B DKK at a net margin of 7.4%. Revenue declined 5.8% year over year. It earns a return on equity of 7.4%. Net debt stands at 5.3B DKK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 8.9B DKK
Revenue growth (YoY) -5.8%
Net margin 7.4%
Return on equity 7.4%
Free cash flow 609M DKK FY2025
P/E ratio 8.5
More key figures
Operating margin 8.7%
EPS (TTM) kr 8.30
Dividend yield 6.3%
EPS growth (YoY) -28.6%
Net debt 5.3B DKK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Scandinavian Tobacco Group A/S manufactures and sells tobacco products in North America, Europe, and internationally. It offers pipe and fine-cut tobacco, and machine-rolled and handmade cigars, as well as nicotine pouches. The company markets its products under the Macanudo, CAO, Alec Bradley, Silencio, Cohiba, Punch, Partagas, La Gloria Cubana, Signature, La Paz, Mehari's, Panter, Captain Black, Erinmore, Mac Baren, BREAK, Bali Shag, Tiedemanns, XQS, Ambasciator Italico, Balmoral, Borkum Riff, Bugler, Café Crème, Clan, Colts, Crossroad, Cubero, Escort, Hajenius, Henri Wintermans, Kite, M by Colts, ACE, GRITT, Mercator, Petit, SLS SALSA, Stanwell, Talon, W.Ø. Larsen, and Winchester brand names. In addition, it offers contract manufacturing for third parties; and sells accessories. The company sells its products through wholesale, online, catalogue, and retail channels, as well as business to business. Scandinavian Tobacco Group A/S was founded in 1750 and is based in Gentofte, …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Scandinavian Tobacco Group reported revenue of kr 9.0B in FY2025 versus kr 8.2B in FY2021, a compound +2.4%/yr. Reported net income was kr 669M in FY2025, compounding −16.7%/yr from FY2021.

Revenue +2.4%/yr
FY21 kr 8.2B
FY22 kr 8.8B
FY23 kr 8.7B
FY24 kr 9.2B
FY25 kr 9.0B
Net income −16.7%/yr
FY21 kr 1.4B
FY22 kr 1.5B
FY23 kr 1.2B
FY24 kr 940M
FY25 kr 669M

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Similar stocks

6 more Tobacco stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Philip Morris International Inc PM $182.95 $132.84 -27%
British American Tobacco p.l.c. BMT €52.90 €39.20 -26%
Altria Group MO 1,253 MXN 72.57 MXN -94%
Japan Tobacco Inc JAPAF $40.34 $36.15 -10%
ITC Limited ITC ₹291.25 ₹291.49 +0%
Imperial Brands PLC IMBBY $36.75 $56.53 +54%

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Frequently asked questions

Is Scandinavian Tobacco Group (STG) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 115.80 versus a price of kr 66.10 — about +75% (undervalued). Model-based estimate, not financial advice.
What is the fair value of STG?
Our model-based fair value for Scandinavian Tobacco Group is kr 115.80 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 66.10.
What is the quality score of STG?
Scandinavian Tobacco Group has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Scandinavian Tobacco Group (STG)?
Scandinavian Tobacco Group reported trailing-twelve-month revenue of about 8.9B DKK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of STG?
The net profit margin of Scandinavian Tobacco Group is about 7.4%, meaning it keeps roughly 7.4% of revenue as net income. Based on the latest reported figures.
Does Scandinavian Tobacco Group pay a dividend?
Scandinavian Tobacco Group currently shows a dividend yield of about 6.28% relative to its recent price (as of Jun 24, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.