EN DE

Sword Group (SWP) Fair Value & Analysis

Technology · FR · Market cap €278M

SG Sword Group SWP · PA
Price€31.70
Fair Value€35.61
Upside+12.3%
Quality63/100
Watch Sword Group for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 5.3% net margin
Moderate debt · generates free cash flow
6.73% dividend yield
Ranks above peers (12/15)
Moderate moat 53/100
Evidence: High Range €19.81 – €50.39 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from €38.17 to €35.61 (−6.7%) since Jun 24, 2026. Share price +5.7% over the past month.

A solid business, screening 12% undervalued on our models.

What matters now

  • A fairly wide model range (€19.81 to €50.39) leaves room in how you read the outcome.
  • Our model range runs from €19.81 (bear) to €50.39 (bull), base €35.61. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 63/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€39.61 €24.04 Fair Value €35.61 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €24.04 – €39.61 · fair‑value band €19.81 – €50.39 · the €31.70 price screens below the €35.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Sword Group (SWP) currently trades at €31.70, while our model-based Fair Value estimate is €35.61, implying the stock looks roughly 12.3% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Technology 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, Sword Group generated revenue of €358M at a net margin of 5.3%. Revenue grew 9.5% year over year. It earns a return on equity of 22.2%. Net debt stands at €43.5M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €19.81 (bear case) to €50.39 (bull case); at €31.70, the current price sits within 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 15% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at 12%, SWP screens cheaper 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 €13.79 €21.00 €30.02 80
Residual Income €9.76 €11.87 €24.78 76
Rev-Margin DCF €21.02 €37.72 €57.79 74
All 26 models by family
DCF Models
FCF DCF €13.90 €21.86 €32.38 38
Owner Earnings €22.74 €34.82 €50.78 31
5Y Revenue Exit €21.02 €38.01 €60.34 39
5Y EBITDA Exit €26.68 €49.00 €75.90 41
5Y P/E Exit €19.52 €35.09 €51.97 38
10Y Revenue Exit €16.87 €30.21 €49.20 36
10Y EBITDA Exit €20.73 €36.86 €59.70 37
10Y P/E Exit €16.76 €28.44 €43.55 35
Earnings-Based
Graham-Dodd €13.70 €50.88 €68.76 54
Lynch FV €12.22 €17.45 €22.69 50
PEG = 1.0 €12.22 €17.45 €22.69 46
EPV €17.92 €20.46 €22.52 59
Dividend Discount
Gordon GGM €13.91 €23.29 €30.23 70
DDM Multi-Stage €13.91 €22.09 €25.06 61
Multiples
P/E Multiple €30.23 €40.31 €50.39 63
P/S Multiple €25.70 €34.26 €42.83 58
P/B Multiple €17.75 €23.67 €29.59 55
EV/EBIT €42.71 €58.02 €73.33 53
EV/EBITDA €41.02 €55.76 €70.51 54
EV/Revenue €27.74 €41.01 €54.28 43
Asset-Based
NCAV (Graham) €3.95 €5.29 €7.89 50
Growth DCF
Growth DCF €13.79 €21.00 €30.02 80
Rev-Margin DCF €21.02 €37.72 €57.79 74
Economic Profit
Residual Income €9.76 €11.87 €24.78 76
ROIC Compounder €19.37 €23.95 €28.95 72
Growth Earnings
Growth-Adj P/E €22.04 €31.48 €40.93 68

Widest divergence: Multiples (€40.31) versus Asset-Based (€5.29). Highest evidence: Growth DCF (80).

Notify me when SWP reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) €358M
Revenue growth (YoY) +9.5%
Net margin 5.3%
Return on equity 22.2%
Free cash flow €18.6M FY2025
P/E ratio 14.6
More key figures
Operating margin 8.5%
EPS (TTM) €2.02
Dividend yield 6.7%
EPS growth (YoY) -12.2%
Net debt €43.5M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 60 · Market factors (momentum, volatility) 44

Profitability 56
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 31
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

Sword Group S.E. provides IT and software solutions in Luxembourg, Europe, and Asia. The company offers digital services, comprising software and agile product development, DevOps, application modernization, and quality assurance; data and AI services, consisting of predictive analytics, data integration and visualization, dashboards and reports, modern …

Full company description

Sword Group S.E. provides IT and software solutions in Luxembourg, Europe, and Asia. The company offers digital services, comprising software and agile product development, DevOps, application modernization, and quality assurance; data and AI services, consisting of predictive analytics, data integration and visualization, dashboards and reports, modern data platform, and data hubs; digital workplace services, including digital ways of working, change management and adoption, benefits realization, device management, and Microsoft 365 implementation and migration, as well as collaboration, communication, and productivity; and platform and security services, such as hybrid cloud, cloud platform implementation and migration, data center and hosting, cloud and cyber security, hardware, network, and virtual apps and desktops. It also provides digital transformation services, comprising service management, digital strategy, data-driven decision-making, front-line workers, process digitalization, operating in the cloud, project and programme delivery; managed services, such as service desk and application outsourcing, platform and application support, application hosting management; Microsoft managed services, Azure migration, and ISV onboarding to Azure; and information management services, including information governance, records management, data loss prevention, and content and migration services, as well as engineering, and subsurface data, and information management. In addition, the company offers Sword Phusion, an engineering information management software; Sword Tell, a CAD software for watch manufacturers; Sword Venue, a toolbox that helps to plan and deliver venues; Sword Aequos for data viewing and filtering experiences; and Sword Webtransfer to deliver large files. Sword Group S.E. was founded in 2000 and is based in Windhof, Luxembourg.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sword Group reported revenue of €358M in FY2025 versus €215M in FY2021, a compound +13.6%/yr. Reported net income was €19.0M in FY2025, compounding +1.9%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€358M
Latest YoY
+10.8%
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.
+9.5%
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.
+11.0%
Avg. growth/yr (23Y) 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.
+10.8%
Revenue +13.6%/yr
FY21 €215M
FY22 €272M
FY23 €288M
FY24 €323M
FY25 €358M
Net income +1.9%/yr
FY21 €17.7M
FY22 €110M
FY23 €22.8M
FY24 €21.8M
FY25 €19.0M
Character of growth · EPS growth decomposed (2014-2025) +7.6 % p.a.
Revenue per share +9.8 pp

of which total revenue +9.9 pp · buybacks/dilution −0.1 pp

EBIT margin −1.7 pp
Tax rate +1.3 pp
Residual (interest, one-offs) −1.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch SWP: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Sword Group Fair Value". https://www.fairvalue-calculator.com/stock/SWP

Peer Group

Software - Application · 709 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 63 · Above median
Fair Value upside +12% · Top 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 10% · Above median
Dividend yield (TTM) 6.7% · Top 25%
Debt / equity 1.20× · Higher than 75% of peers

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 14.6× · Cheaper than 75% of peers
P/B 4.31× · Pricier than median
P/S (TTM) 0.90× · Cheaper than median
P/FCF 17.2× · Pricier than median
EV/EBITDA 10.2× · Cheaper than median
PEG 0.19× · Cheaper than 75% of peers

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 50 · sector 0
FUTURE 48 · sector 38
PAST 89 · sector 13
HEALTH 40 · sector 98
DIVIDEND 100 · sector 28

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

Compare Sword Group with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Sword Group (SWP) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €35.61 versus a price of €31.70, about +12% (undervalued).
What is the fair value of SWP?
Our model-based fair value for Sword Group is €35.61 (as of Jul 18, 2026), built from audited fundamentals. The current price is €31.70.
What is the quality score of SWP?
Sword Group has a Quality Score of 63/100. 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 Sword Group (SWP)?
Sword Group reported trailing-twelve-month revenue of about €358M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of SWP?
The net profit margin of Sword Group is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.
Does Sword Group pay a dividend?
Sword Group currently shows a dividend yield of about 6.35% relative to its recent price (as of Jul 18, 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.

14 days Pro free · no card

Track Sword Group and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.