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Sustainion Group AB (SUSG) fair value: what the stock is really worth

We calculate from audited financials what Sustainion Group AB is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · SE

SG Thin data Sep 13, 2026

Sustainion Group AB

SUSG · ST

Low PriorityFair Value upside is limited and quality is weak.

·Fair value kr 1.81 · Fairly valued (−3%)
!Quality 42/100
Healthy Growth (revenue 3y +54.1 %/yr)
!Thin margins · 4.7% net margin (TTM)
Low debt · generates free cash flow
Ranks above peers (9/13)
!Narrow moat 41/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 2.06 kr 0.4500 Fair Value kr 1.81 Jun 2021 Sep 2026

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

How to read this chart

60‑month range kr 0.4500 – kr 2.06 · fair‑value band kr 1.05 – kr 2.59 · the kr 1.86 price screens above the kr 1.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.

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Company profile

Sustainion Group AB, through its subsidiaries, operates as an industrial group in Sweden, Great Britain, Germany, rest of Europe, and internationally.

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Sustainion Group AB, through its subsidiaries, operates as an industrial group in Sweden, Great Britain, Germany, rest of Europe, and internationally. The company offers particle filters and exhaust filters for vehicles; gas and smoke analyzers and particle meters for the automotive industry; and custom-made sheet metal and pipe products with a degree of automation. It also provides customized control cabinets, and automation and electrical control solutions, as well as waste management, mobility, and lighting solutions for the environment. In addition, the company engages in the wholesale of electric car charging and energy systems. Further, it provides rental and ongoing maintenance services. The company was formerly known as Vindico Group AB (publ) and changed its name to Sustainion Group AB in March 2021. Sustainion Group AB was founded in 1990 and is based in Billdal, Sweden.

Stock analysis

Sustainion Group AB (SUSG) currently trades at kr 1.86, while our model-based Fair Value estimate is kr 1.81, implying the stock looks roughly 2.7% fairly valued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of kr 4.64 per share, and 16 of the 24 models we run sit above the kr 1.86 price.

Bear case: the Asset-Based group reads lowest at kr 0.4600, and 8 of the 24 models stay below the price. Evidence for this calculation is low.

Scenario range: kr 1.05 (bear) to kr 2.59 (bull), the price of kr 1.86 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 42/100 (below-average quality), in the Industrials sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Sustainion Group AB reported revenue of 538M SEK in FY2025 versus 147M SEK in FY2022, a compound +54.1%/yr. Reported net income was 23.4M SEK in FY2025, compounding +147.2%/yr from FY2022.

Key figures

Market cap 415M SEK (≈ $42.4M) · P/E ratio 13.3 · P/S ratio 0.58 · EPS (TTM) kr 0.1400 · Net margin 4.3% · Return on equity 17.8% · Return on assets (EBIT) 3.5% · Operating margin 4.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 11% below its 52-week high and 133% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −3%, SUSG screens richer than that median.

Fair Value models

Bear kr 1.05 Fair Value kr 1.81 Bull kr 2.59
Model Each model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 0.0993 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. Evidence Evidence = 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.
Highest evidence
FCF DCF kr 1.12 kr 1.64 kr 3.19 72
EPV kr 0.9800 kr 1.12 kr 1.23 71
Growth DCF kr 1.05 kr 1.82 kr 3.03 71
All 24 models by family
DCF Models
FCF DCF kr 1.12 kr 1.64 kr 3.19 72
Owner Earnings kr 1.75 kr 3.64 kr 7.14 67
5Y Revenue Exit kr 1.41 kr 2.55 kr 4.94 64
5Y EBITDA Exit kr 1.86 kr 3.46 kr 6.59 66
5Y P/E Exit kr 1.46 kr 3.32 kr 5.86 63
10Y Revenue Exit kr 1.27 kr 2.97 kr 4.12 61
10Y EBITDA Exit kr 1.62 kr 3.86 kr 7.84 59
10Y P/E Exit kr 1.35 kr 3.07 kr 5.91 56
Earnings-Based
Graham-Dodd kr 0.6900 kr 4.81 kr 6.74 59
Lynch FV kr 2.48 kr 3.55 kr 4.61 57
PEG = 1.0 kr 2.48 kr 3.55 kr 4.61 53
EPV kr 0.9800 kr 1.12 kr 1.23 71
Multiples
P/E Multiple kr 1.60 kr 2.13 kr 2.66 63
P/S Multiple kr 1.29 kr 1.72 kr 2.15 58
P/B Multiple kr 1.29 kr 1.72 kr 2.15 55
EV/EBIT kr 1.99 kr 2.65 kr 3.32 66
EV/EBITDA kr 2.17 kr 2.90 kr 3.62 67
EV/Revenue kr 1.42 kr 2.03 kr 2.64 53
Asset-Based
NCAV (Graham) kr 0.3400 kr 0.4600 kr 0.6800 54
Growth DCF
Growth DCF kr 1.05 kr 1.82 kr 3.03 71
Rev-Margin DCF kr 1.56 kr 2.91 kr 5.72 64
Economic Profit
Residual Income kr 0.6400 kr 0.7800 kr 1.71 60
ROIC Compounder kr 1.23 kr 1.73 kr 2.05 67
Growth Earnings
Growth-Adj P/E kr 3.25 kr 4.64 kr 6.03 63

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Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 66

Profitability 56
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 2
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+184.5%
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.
+54.1%
Profit margin (trend) 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.
7.0% (2022) → 6.7% (2025)
What shareholders gained per year We only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than 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).
+10.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.

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Compare Sustainion Group AB with another stock

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

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Peer GroupHow 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.Security & Protection Services · 111 stocks

Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 42 · Bottom 25%
Fair Value upside −6% · Below median
Profitability
Return on equity (TTM) 18% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 5% · Below median
Growth and dividend
Revenue growth 38% · Top 25%
Balance sheet
Debt / equity 0.17× · Above median

Valuation Multiplesvs Security & Protection Services median · lower = cheaper

P/E (TTM) 13.3× · Cheapest 25%
P/B 2.63× · Pricier than median
P/S (TTM) 0.72× · Cheaper than median
P/FCF 2.3× · Cheaper than median
EV/EBITDA 7.7× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)30 · sector 29
FUTURE (revenue growth)100 · sector 38
PAST (return on equity)71 · sector 19
HEALTH (low debt)92 · sector 99
DIVIDEND (yield)0 · sector 45

Context: sector, industry, market

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

Similar stocks

10 more Security & Protection Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
ASSA ABLOY AB ASSAB kr 341.10 kr 375.21 +10%
Verisure plc VSURE €8.68 €24.43 +182%
Allegion plc ALLE $153.35 $127.80 −17%
Securitas AB SECUB kr 150.00 kr 178.19 +19%
Zhejiang Dahua Technology Co 002236 ¥15.92 ¥31.47 +98%
MSA Safety Incorporated MSA $182.18 $116.42 −36%
ADT Inc ADT $7.05 $16.68 +137%
The Brink's Company BCO $111.98 $108.25 −3%
Brady Corporation BRC $86.94 $72.32 −17%
The GEO Group GEO $31.49 $17.28 −45%

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Cite: Fair Value Calculator (2026). "Sustainion Group AB Fair Value". https://www.fairvalue-calculator.com/stock/SUSG

Frequently asked questions

Is Sustainion Group AB (SUSG) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of kr 1.81 versus a price of kr 1.86, about −3% upside (fairly valued).
What is the fair value of SUSG?
Our model-based fair value for Sustainion Group AB is kr 1.81 (as of Sep 13, 2026), built from audited fundamentals. The current price: kr 1.86.
What is the quality score of SUSG?
Sustainion Group AB has a Quality Score of 42/100. 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 Sustainion Group AB (SUSG)?
Our model-based price target is the fair value of kr 1.81 (as of Sep 13, 2026) from 24 valuation models. Cautious scenario kr 1.05, optimistic scenario kr 2.59. It is a calculation from audited fundamentals, not an analyst target.
What is the Sustainion Group AB stock forecast for 2026?
Our models put fair value at kr 1.81, about −3% upside versus a price of kr 1.86 (fairly valued). Cautious scenario kr 1.05, optimistic scenario kr 2.59. The calculation is refreshed regularly with new filings.
What is the revenue of Sustainion Group AB (SUSG)?
Sustainion Group AB reported trailing-twelve-month revenue of about 580M SEK (latest available figure, as of Sep 13, 2026).
What growth is priced into Sustainion Group AB (SUSG)?
For today's price to be fair in a discounted-cash-flow model, Sustainion Group AB would have to grow free cash flow by +10.0 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +54.2 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of SUSG use?
Our models discount Sustainion Group AB at 9.5 %: a base by market capitalisation (nano), damped by beta 0.99, 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 Sustainion Group AB that is +10.0 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Sustainion Group AB (SUSG) delivered so far?
Over the past 3 years revenue at Sustainion Group AB grew +54.2 % a year. The price currently implies +10.0 % 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 Sustainion Group AB (SUSG) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Sustainion Group AB (+10.0 % 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 Sustainion Group AB (SUSG)?
The free-cash-flow yield on the price is 5.10 %: that much free cash flow Sustainion Group AB produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sustainion Group AB (SUSG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sustainion Group AB it is kr 1.81 per share (as of Sep 13, 2026), against a price of kr 1.86. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Sustainion Group AB stock overvalued or undervalued in 2026?
As of Sep 13, 2026, SUSG trades above its calculated fair value: price kr 1.86, fair value kr 1.81, a gap of about −3% (fairly valued). 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 SUSG?
No. The price is what the market pays today (kr 1.86); the fair value is what the company's own numbers justify (kr 1.81). For Sustainion Group AB the two are kr 0.0490 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sustainion Group AB worth?
The market values Sustainion Group AB at about 415M SEK (market capitalisation, as of Sep 13, 2026). Per share that is kr 1.86; our models calculate a fair value of kr 1.81 per share.
What do the bullish and bearish scenarios say about SUSG?
Our models span a range for Sustainion Group AB: cautious scenario kr 1.05, base kr 1.81, optimistic kr 2.59 per share (as of Sep 13, 2026, price kr 1.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SUSG?
Sustainion Group AB trades at a price-to-earnings ratio of 13.3 (as of Sep 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 1.81 is built from several models across several years. Other multiples: P/B 2.6, P/S 0.7, EV/EBITDA 7.7.
How solid is the balance sheet of Sustainion Group AB (SUSG)?
Balance-sheet figures for Sustainion Group AB (as of Sep 13, 2026): return on equity 17.8%, debt of 0.17 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is SUSG from its 52-week high?
Sustainion Group AB trades at kr 1.86, about 11% below its 52-week high of kr 2.10 and 133% above the low of kr 0.8000 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of kr 1.81 is for.
Which stocks are comparable to Sustainion Group AB?
From the same area (Industrials) we also value ASSA ABLOY AB, Verisure plc, Allegion plc, Securitas AB, 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 Sustainion Group AB stock attractive at the current price?
The data as of Sep 13, 2026: price kr 1.86, calculated fair value kr 1.81 (−3%), Quality Score 42/100, 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 SUSG calculated?
We run Sustainion Group AB 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 1.81, 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 15.6 % above its aggregate fair value. Sustainion Group AB 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 Sustainion Group AB (SUSG)?
The closing price on Sep 15, 2026 was kr 1.86. Our model-based fair value is kr 1.81, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sustainion Group AB right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (kr 1.05 to kr 2.59) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Sustainion Group AB

How large is the market capitalisation of Sustainion Group AB (SUSG)?
The market capitalisation of Sustainion Group AB is 415M SEK (≈ $42.4M). 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 Sustainion Group AB (SUSG)?
The price-to-sales ratio of Sustainion Group AB is 0.58 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sustainion Group AB (SUSG)?
Earnings per share at Sustainion Group AB are kr 0.1400 (price ÷ EPS = P/E 13.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sustainion Group AB (SUSG)?
The net margin of Sustainion Group AB is 4.3% (fiscal year 2025). 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 Sustainion Group AB (SUSG)?
The return on equity (ROE) of Sustainion Group AB is 17.8% (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 Sustainion Group AB (SUSG)?
On an EBIT basis the return on assets of Sustainion Group AB is 3.5% (avg 4y). 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 Sustainion Group AB (SUSG)?
The operating margin of Sustainion Group AB is 4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sustainion Group AB (SUSG)?
Revenue at Sustainion Group AB is growing +38.2% versus a year earlier (3y avg +54.1%). 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 Sustainion Group AB (SUSG)?
Earnings per share at Sustainion Group AB are growing +221% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sustainion Group AB (SUSG) carry?
The net debt of Sustainion Group AB is 30.0M SEK (fiscal year 2025, ≈ 1.6 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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