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Studsvik AB (SVIK) Fair Value & Analysis

Industrials · SE · Market cap 1.7B SEK

SA Studsvik AB SVIK · ST
Pricekr 220.50
Fair Valuekr 84.09
Upside-61.9%
Quality65/100
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Mixed Growth
Thin margins · 3.7% net margin
Low debt · generates free cash flow
Trails peers (5/14)
Narrow moat 39/100
Evidence: High Range kr 61.17 – kr 107.00 Share as image

Fair value as of: Jul 15, 2026

From 22 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from kr 91.09 to kr 84.09 (−7.7%) since Jun 24, 2026. Share price +8.6% over the past month.

A solid business, but screening 62% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 107.00). The favourable scenario is already priced in.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

kr 364.00 kr 66.78 Fair Value kr 84.09 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range kr 66.78 – kr 364.00 · fair‑value band kr 61.17 – kr 107.00 · the kr 220.50 price screens above the kr 84.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

Full chart & analysis →

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Analysis

Studsvik AB (SVIK) currently trades at kr 220.50, while our model-based Fair Value estimate is kr 84.09, implying the stock looks roughly 61.9% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Studsvik AB generated revenue of 883M SEK at a net margin of 3.7%. Revenue declined 0.3% year over year. It earns a return on equity of 8.4%. Net debt stands at 65.1M SEK. Fundamentals as of Jul 15, 2026

Our scenario range runs from kr 61.17 (bear case) to kr 107.00 (bull case); at kr 220.50, the current price sits above 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 about 41% below its 52-week high and 82% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -40% fair-value upside, at -62%, SVIK screens richer 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 kr 87.42 kr 112.27 kr 151.20 80
Residual Income kr 36.82 kr 39.70 kr 45.48 76
Rev-Margin DCF kr 60.72 kr 83.92 kr 113.32 74
All 22 models by family
DCF Models
FCF DCF kr 84.64 kr 110.82 kr 155.30 38
Owner Earnings kr 39.69 kr 52.44 kr 74.10 31
5Y Revenue Exit kr 60.72 kr 81.62 kr 112.00 39
5Y EBITDA Exit kr 79.94 kr 114.76 kr 161.11 41
5Y P/E Exit kr 68.31 kr 94.71 kr 126.60 38
10Y Revenue Exit kr 69.70 kr 85.51 kr 101.81 36
10Y EBITDA Exit kr 81.46 kr 104.37 kr 128.42 37
10Y P/E Exit kr 75.00 kr 92.96 kr 109.72 35
Earnings-Based
Graham-Dodd kr 29.49 kr 37.49 kr 42.66 54
EPV kr 26.20 kr 30.18 kr 33.50 59
Multiples
P/E Multiple kr 68.31 kr 91.09 kr 113.86 63
P/S Multiple kr 55.30 kr 73.74 kr 92.17 58
P/B Multiple kr 55.30 kr 73.74 kr 92.17 55
EV/EBIT kr 65.77 kr 88.68 kr 111.60 53
EV/EBITDA kr 89.44 kr 120.25 kr 151.05 54
EV/Revenue kr 46.09 kr 67.11 kr 88.14 43
Asset-Based
NCAV (Graham) kr 22.50 kr 30.15 kr 45.00 50
Growth DCF
Growth DCF kr 87.42 kr 112.27 kr 151.20 80
Rev-Margin DCF kr 60.72 kr 83.92 kr 113.32 74
Economic Profit
Residual Income kr 36.82 kr 39.70 kr 45.48 76
ROIC Compounder kr 26.20 kr 30.18 kr 33.50 72
Growth Earnings
Growth-Adj P/E kr 48.24 kr 68.91 kr 89.59 68

Widest divergence: DCF Models (kr 92.96) versus Asset-Based (kr 30.15). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 883M SEK
Revenue growth (YoY) -0.3%
Net margin 3.7%
Return on equity 8.4%
Free cash flow 92.5M SEK FY2025
P/E ratio 58.8
More key figures
Operating margin 5.5%
EPS (TTM) kr 4.02
EPS growth (YoY) -48.9%
Net debt 65.1M SEK FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 63 · Market factors (momentum, volatility) 33

Profitability 41
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 82
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

Studsvik AB (publ) provides technical solutions across the nuclear and radioactive material in Sweden, Germany, Europe, Asia, North America, and internationally.

Full company description

Studsvik AB (publ) provides technical solutions across the nuclear and radioactive material in Sweden, Germany, Europe, Asia, North America, and internationally. It offers decommissioning and radiation protection services in the areas of radiation protection, engineering, decommissioning, dismantling, and decontamination; and fuel and materials technology services, such as fuel qualification, plant life management, international programs, final storage research, hot cell technology, and transport of irradiated materials, as well as isotopes for medical or industrial application. The company also engages in the development and support of fuel vendor-independent reactor analysis software, as well as provides CASMO5, a lattice physics code for modeling PWR and BWR fuel; HELIOS-2, a two-dimensional, generalized-geometry lattice physics transport code; SIMULATE5, a 3D, steady state, multi-group, nodal code to analyze PWRs and BWRs; SIMULATE-5K, a two-group nodal code for transient analysis of PWRs and BWRs; CMSBuilder, a graphical fuel management and loading pattern design suite; and engineering services. In addition, the company offers S3R that enables cycle-specific core modeling on the training simulator; GARDEL, a fuel supplier independent live core monitoring application; MARLA, an automated tool for fuel shuffle, manage the spent fuel pool, and load dry casks; and SNF, which calculates isotopic concentrations, radiation source terms, and decay heat of spent light water reactor fuel. Further, the company provides problematic waste and radioactive metal treatment, and waste management services; and Studsvik Tech Park site, a cluster providing and facilitating advanced infrastructure and workshops for testing, research, and development. The company was formerly known as Studsvik Energiteknik AB and changed its name to Studsvik AB (publ) in 1987. Studsvik AB (publ) was founded in 1947 and is headquartered in Nyköping, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Studsvik AB reported revenue of kr 883M in FY2025 versus kr 798M in FY2021, a compound +2.6%/yr. Reported net income was kr 37.3M in FY2025, compounding −12.3%/yr from FY2021.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
883M SEK
Latest YoY
−1.1%
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.
+2.7%
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.
+4.1%
Avg. growth/yr (25Y) 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.
+0.3%
Revenue +2.6%/yr
FY21 kr 798M
FY22 kr 815M
FY23 kr 826M
FY24 kr 893M
FY25 kr 883M
Net income −12.3%/yr
FY21 kr 63.2M
FY22 kr 47.9M
FY23 kr 48.6M
FY24 kr 9.6M
FY25 kr 37.3M

SVIK screens 62% overvalued. Compare with Waste Management, Inc →

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Cite: Fair Value Calculator (2026). "Studsvik AB Fair Value". https://www.fairvalue-calculator.com/stock/SVIK

Peer Group

Waste Management · 166 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 65 · Top 25%
Fair Value upside −62% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 3% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth -0% · Below median
Debt / equity 0.20× · Lower than median

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 49.8× · Pricier than 75% of peers
P/B 4.44× · Pricier than 75% of peers
P/S (TTM) 1.95× · Pricier than median
P/FCF 2.0× · Cheaper than median
EV/EBITDA 23.3× · Pricier than 75% of peers
PEG 2.67× · Pricier than median

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 0 · sector 8
FUTURE 0 · sector 22
PAST 34 · sector 25
HEALTH 90 · sector 81
DIVIDEND 0 · sector 30

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Waste Management stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $233.33 $128.02 -45%
Republic Services, Inc RSG $219.20 $122.01 -44%
Waste Connections, Inc WCN C$242.43 C$78.67 -68%
Veolia Environnement SA VIE €37.51 €24.50 -35%
Clean Harbors, Inc CLH $303.64 $155.37 -49%
GFL Environmental Inc GFL C$55.40 C$94.12 +70%
Fomento de Construcciones y Contratas, S.A FCC €12.20 €7.30 -40%
GEM Co 002340 ¥6.32 ¥5.27 -17%
Zhejiang Weiming Environment Protection Co 603568 ¥16.18 ¥20.91 +29%
Cleanaway Waste Management Limited CWY A$2.34 A$1.18 -50%

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Frequently asked questions

Is Studsvik AB (SVIK) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of kr 84.09 versus a price of kr 220.50, about −62% (overvalued).
What is the fair value of SVIK?
Our model-based fair value for Studsvik AB is kr 84.09 (as of Jul 15, 2026), built from audited fundamentals. The current price is kr 220.50.
What is the quality score of SVIK?
Studsvik AB has a Quality Score of 65/100. 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 Studsvik AB (SVIK)?
Studsvik AB reported trailing-twelve-month revenue of about 883M SEK (latest available figure, as of Jul 15, 2026).
What is the net profit margin of SVIK?
The net profit margin of Studsvik AB is about 3.7%, meaning it keeps roughly 3.7% 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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