Sustainion Group AB (SUSG) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Sustainion Group AB stock SEK 2.71, price SEK 1.90, upside +43.1%, quality 41 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
60‑month range kr 0.4500 – kr 2.06 · fair‑value band kr 1.42 – kr 4.80 · the kr 1.90 price screens below the kr 2.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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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.
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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 1.90, while our model-based Fair Value estimate is kr 2.71, implying the stock looks roughly 30.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 4.62 per share, and 19 of the 22 models we run sit above the kr 1.90 price.
Bear case: the Economic Profit group reads lowest at kr 0.8700, and 3 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: kr 1.42 (bear) to kr 4.80 (bull), the price of kr 1.90 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 41/100 (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 437M SEK (≈ $44.5M) Micro · P/E ratio 14.6 · P/S ratio 0.63 · EPS (TTM) kr 0.1300 · Net margin 3.8% · Return on equity 15.1% · Return on assets (EBIT) 3.5% · Operating margin 2.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 86% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 2% fair-value upside, at 43%, SUSG screens cheaper than that median.
Fair Value models
Bearkr 1.42Fair Value kr 2.71Bullkr 4.80
Price kr 1.90 · Upside +43.1%
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 0.1083 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.
Best data coverage
EPVkr 1.12kr 1.30kr 1.4571
FCF DCFkr 1.78kr 2.75kr 5.7670
Growth DCFkr 1.67kr 3.19kr 5.6570
All 22 models by family
DCF Models
FCF DCFkr 1.78kr 2.75kr 5.7670
Owner Earningskr 1.32kr 2.94kr 6.2166
5Y Revenue Exitkr 1.63kr 2.86kr 5.4664
5Y EBITDA Exitkr 2.11kr 3.83kr 7.2366
5Y P/E Exitkr 1.68kr 3.71kr 6.4763
10Y Revenue Exitkr 1.64kr 3.69kr 5.0261
10Y EBITDA Exitkr 2.04kr 4.70kr 9.3959
10Y P/E Exitkr 1.73kr 3.80kr 7.1756
Earnings-Based
Graham-Doddkr 0.6900kr 4.79kr 6.7259
Lynch FVkr 2.47kr 3.53kr 4.5957
PEG = 1.0kr 2.47kr 3.53kr 4.5953
EPVkr 1.12kr 1.30kr 1.4571
Multiples
P/E Multiplekr 1.59kr 2.12kr 2.6563
P/S Multiplekr 1.29kr 1.72kr 2.1458
EV/EBITkr 1.86kr 2.52kr 3.1866
EV/EBITDAkr 2.04kr 2.76kr 3.4867
EV/Revenuekr 1.29kr 1.90kr 2.5053
Growth DCF
Growth DCFkr 1.67kr 3.19kr 5.6570
Rev-Margin DCFkr 1.80kr 3.28kr 6.3664
Economic Profit
Residual Incomekr 0.6700kr 0.8700kr 1.3464
ROIC Compounderkr 1.50kr 2.25kr 2.7667
Growth Earnings
Growth-Adj P/Ekr 3.23kr 4.62kr 6.0163
The fair value above starts from this blend and is adjusted for dilution from new shares.
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%
’22
’23
’24
’25
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).
+12.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +10.4% a year for the price.
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.Security & Protection Services · 106 stocks
P/B2.77× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "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 Oct 29, 2026, our model estimates a fair value of kr 2.71 versus a price of kr 1.90, about +43% upside (undervalued).
What is the fair value of SUSG?
Our model-based fair value for Sustainion Group AB is kr 2.71 (as of Oct 29, 2026), built from audited fundamentals. The current price: kr 1.90.
What is the quality score of SUSG?
Sustainion Group AB has a Quality Score of 41/100. 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 2.71 (as of Oct 29, 2026) from 22 valuation models. Cautious scenario kr 1.42, optimistic scenario kr 4.80. 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 2.71, about +43% upside versus a price of kr 1.90 (undervalued). Cautious scenario kr 1.42, optimistic scenario kr 4.80. 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 694M SEK (latest available figure, as of Oct 29, 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 +12.6 % 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 Oct 29, 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 0.98, 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 +12.6 % 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 +12.6 % 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 +7.7 % a year. That is the yardstick for the growth priced into Sustainion Group AB (+12.6 % 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 4.38 %: 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 2.71 per share (as of Oct 29, 2026), against a price of kr 1.90. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Sustainion Group AB stock overvalued or undervalued in 2026?
As of Oct 29, 2026, SUSG trades below its calculated fair value: price kr 1.90, fair value kr 2.71, a gap of about +43% (undervalued). 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 1.90); the fair value is what the company's own numbers justify (kr 2.71). For Sustainion Group AB the two are kr 0.8170 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 437M SEK (market capitalisation, as of Oct 29, 2026). Per share that is kr 1.90; our models calculate a fair value of kr 2.71 per share.
What do the bullish and bearish scenarios say about SUSG?
Our models span a range for Sustainion Group AB: cautious scenario kr 1.42, base kr 2.71, optimistic kr 4.80 per share (as of Oct 29, 2026, price kr 1.90). 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 14.6 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 2.71 is built from several models across several years. Other multiples: P/B 2.8, P/S 0.6, EV/EBITDA 8.1.
How solid is the balance sheet of Sustainion Group AB (SUSG)?
Balance-sheet figures for Sustainion Group AB (as of Oct 29, 2026): return on equity 15.1%, debt of 0.17 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is SUSG from its 52-week high?
Sustainion Group AB trades at kr 1.90, about 8% below its 52-week high of kr 2.06 and 86% above the low of kr 1.02 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of kr 2.71 is for.
Which stocks are comparable to Sustainion Group AB?
From the same area (Industrials) we also value Allegion plc, Zhejiang Dahua Technology Co, MSA Safety Incorporated, ADT 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 Sustainion Group AB stock attractive at the current price?
The data as of Oct 29, 2026: price kr 1.90, calculated fair value kr 2.71 (+43%), Quality Score 41/100, from 22 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 22 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 2.71, 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 13.4 % above its aggregate fair value. Sustainion Group AB currently trades 30 % below its own fair value, and the market average says nothing about that. 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 Oct 30, 2026 was kr 1.90. Our model-based fair value is kr 2.71, about +43% upside (undervalued). 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 large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (kr 1.42 to kr 4.80). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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 437M SEK (≈ $44.5M). 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 0.63 (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 Sustainion Group AB (SUSG)?
Earnings per share at Sustainion Group AB are kr 0.1300 (price ÷ EPS = P/E 14.6). 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 3.8% (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 Sustainion Group AB (SUSG)?
The return on equity (ROE) of Sustainion Group AB is 15.1% (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 2.5% (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 +91.0% 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 −23.7% 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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Thin data
Oct 29, 2026