Svolder AB (publ) (SVOL-B) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Svolder AB (publ) SEK 47.49, price SEK 59.45, upside -20.1%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Svolder AB (publ) operates is a publicly owned investment manager. The firm operates as an investment trust. It invests in the shares of listed small and medium-size companies in Sweden. Svolder AB (publ) was founded in June, 1993 and is based in Stockholm, Sweden.
Stock analysis
Svolder AB (publ) (SVOL-B) currently trades at kr 59.45, while our model-based Fair Value estimate is kr 47.49, implying the stock looks roughly 25.2% overvalued today.
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Valuation
How firm this estimate is: it rests on 23 models at a data quality of 96/100, which puts the evidence level at medium.
Scenario range: kr 35.61 (bear) to kr 59.36 (bull), the price of kr 59.45 sits above 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 68/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Svolder AB (publ) reported revenue of 31.8M SEK in FY2025 versus 3.5B SEK in FY2021, a compound −69.1%/yr. Reported net income was 8.6M SEK in FY2025, compounding −77.7%/yr from FY2021.
Key figures
Market cap 6.0B SEK (≈ $608M) · EPS (TTM) kr −0.7300 · Dividend yield 3.0% · Net margin 27.0% · Return on equity −1.3% · Return on assets (EBIT) 6.6% · Operating margin 90.6% · Revenue (TTM) 13.3M SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at −20%, SVOL-B screens richer than that median.
Fair Value models
Bear kr 35.61Fair Value kr 47.49Bull kr 59.36
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.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.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.
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.36/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−96.4%
Revenue growth 5 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.
−46.2%
Start year 2020 (pandemic). Over 10 years: −16.8% a year
Revenue growth 23 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.
−7.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−63.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−66.7%
Dividend (yield on the price)3.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−66.7% vs −29.8%, slowing
Profit margin 2020 to 2025 ⓘ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.98% → 4%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 19.7%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+35.7%
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 +33.1% 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.Asset Management · 647 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−20.1% · Below median
Profitability
Return on assets−0.2% · Bottom 25%
Net margin (TTM)27.0% · Above median
Operating margin (TTM)90.6% · Top 25%
Growth and dividend
Revenue growth−9.3% · Below median
Dividend yield (TTM)3.0% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
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). "Svolder AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/SVOL-B
Frequently asked questions
Is Svolder AB (publ) (SVOL-B) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of kr 47.49 versus a price of kr 59.45, about −20% upside (overvalued).
What is the fair value of SVOL-B?
Our model-based fair value for Svolder AB (publ) is kr 47.49 (as of Sep 27, 2026), built from audited fundamentals. The current price: kr 59.45.
What is the quality score of SVOL-B?
Svolder AB (publ) has a Quality Score of 68/100. 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 Svolder AB (publ) (SVOL-B)?
Our model-based price target is the fair value of kr 47.49 (as of Sep 27, 2026) from 2 valuation models. Cautious scenario kr 35.61, optimistic scenario kr 59.36. It is a calculation from audited fundamentals, not an analyst target.
What is the Svolder AB (publ) stock forecast for 2026?
Our models put fair value at kr 47.49, about −20% upside versus a price of kr 59.45 (overvalued). Cautious scenario kr 35.61, optimistic scenario kr 59.36. The calculation is refreshed regularly with new filings.
What is the revenue of Svolder AB (publ) (SVOL-B)?
Svolder AB (publ) reported trailing-twelve-month revenue of about 13.3M SEK (latest available figure, as of Sep 27, 2026).
Does Svolder AB (publ) pay a dividend?
Svolder AB (publ) currently shows a dividend yield of about 3.03% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Svolder AB (publ) (SVOL-B)?
For today's price to be fair in a discounted-cash-flow model, Svolder AB (publ) would have to grow free cash flow by +35.7 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -46.2 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of SVOL-B use?
Our models discount Svolder AB (publ) at 11.8 %: a base by market capitalisation (small), damped by beta 1.29, 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 Svolder AB (publ) that is +35.7 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Svolder AB (publ) (SVOL-B) delivered so far?
Over the past 5 years revenue at Svolder AB (publ) grew -46.2 % a year. The price currently implies +35.7 % 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 Svolder AB (publ) (SVOL-B) growing?
The median revenue growth in the sector is +5.2 % a year. That is the yardstick for the growth priced into Svolder AB (publ) (+35.7 % 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 Svolder AB (publ) (SVOL-B)?
The free-cash-flow yield on the price is 1.62 %: that much free cash flow Svolder AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Svolder AB (publ) (SVOL-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Svolder AB (publ) it is kr 47.49 per share (as of Sep 27, 2026), against a price of kr 59.45. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Svolder AB (publ) stock overvalued or undervalued in 2026?
As of Sep 27, 2026, SVOL-B trades above its calculated fair value: price kr 59.45, fair value kr 47.49, a gap of about −20% (overvalued). 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 SVOL-B?
No. The price is what the market pays today (kr 59.45); the fair value is what the company's own numbers justify (kr 47.49). For Svolder AB (publ) the two are kr 11.96 per share apart. That gap is exactly why we show both numbers side by side.
How much is Svolder AB (publ) worth?
The market values Svolder AB (publ) at about 6.0B SEK (market capitalisation, as of Sep 27, 2026). Per share that is kr 59.45; our models calculate a fair value of kr 47.49 per share.
What do the bullish and bearish scenarios say about SVOL-B?
Our models span a range for Svolder AB (publ): cautious scenario kr 35.61, base kr 47.49, optimistic kr 59.36 per share (as of Sep 27, 2026, price kr 59.45). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Svolder AB (publ) (SVOL-B)?
Balance-sheet figures for Svolder AB (publ) (as of Sep 27, 2026): return on equity −1.3%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is SVOL-B from its 52-week high?
Svolder AB (publ) trades at kr 59.45, about 5% below its 52-week high of kr 62.46 and 30% above the low of kr 45.70 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of kr 47.49 is for.
Which stocks are comparable to Svolder AB (publ)?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, 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 Svolder AB (publ) stock attractive at the current price?
The data as of Sep 27, 2026: price kr 59.45, calculated fair value kr 47.49 (−20%), Quality Score 68/100, from 2 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 SVOL-B calculated?
We run Svolder AB (publ) through 2 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 47.49, 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 16.1 % above its aggregate fair value. Svolder AB (publ) 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 Svolder AB (publ) (SVOL-B)?
The closing price on Sep 25, 2026 was kr 59.45. Our model-based fair value is kr 47.49, about −20% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Svolder AB (publ) right now?
Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Svolder AB (publ)
How large is the market capitalisation of Svolder AB (publ) (SVOL-B)?
The market capitalisation of Svolder AB (publ) is 6.0B SEK (≈ $608M). 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 are the earnings per share of Svolder AB (publ) (SVOL-B)?
Earnings per share at Svolder AB (publ) are kr −0.7300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Svolder AB (publ) (SVOL-B)?
The dividend yield of Svolder AB (publ) is 3.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Svolder AB (publ) (SVOL-B)?
The net margin of Svolder AB (publ) is 27.0% (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 Svolder AB (publ) (SVOL-B)?
The return on equity (ROE) of Svolder AB (publ) is −1.3% (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 Svolder AB (publ) (SVOL-B)?
On an EBIT basis the return on assets of Svolder AB (publ) is 6.6% (avg 5y). 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 Svolder AB (publ) (SVOL-B)?
The operating margin of Svolder AB (publ) is 90.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Svolder AB (publ) (SVOL-B)?
Revenue at Svolder AB (publ) is growing −9.3% versus a year earlier. 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 Svolder AB (publ) (SVOL-B)?
Earnings per share at Svolder AB (publ) are growing +932% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Svolder AB (publ) (SVOL-B) hold?
Svolder AB (publ) holds more cash than debt, 431M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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