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Teqnion AB (TEQ) Fair Value & Analysis

Industrials · SE · Market cap 2.7B SEK

TA Teqnion AB TEQ · ST
Pricekr 176.00
Fair Valuekr 97.55
Upside-44.6%
Quality57/100
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Healthy Growth
Thin margins · 5.2% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/13)
Moderate moat 47/100
Evidence: High Range kr 73.16 – kr 121.94 Share as image

Fair value as of: Jul 13, 2026

From 11 valuation models · updated 28 days ago

Share price +11.3% over the past month.

A solid business, but screening 45% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 121.94). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

kr 268.50 kr 68.66 Fair Value kr 97.55 May 2021 Aug 2026

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

How to read this chart

60‑month range kr 68.66 – kr 268.50 · fair‑value band kr 73.16 – kr 121.94 · the kr 176.00 price screens above the kr 97.55 fair value. Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

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Analysis

Teqnion AB (TEQ) currently trades at kr 176.00, while our model-based Fair Value estimate is kr 97.55, implying the stock looks roughly 44.6% overvalued today. The Quality Score stands at 57/100 (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, Teqnion AB generated revenue of 1.9B SEK at a net margin of 5.2%. Revenue grew 16.8% year over year. It earns a return on equity of 10.9%. Net debt stands at 433M SEK. Fundamentals as of Jul 13, 2026

Our scenario range runs from kr 73.16 (bear case) to kr 121.94 (bull case); at kr 176.00, 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 7% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -45%, TEQ 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 130.19 kr 254.09 kr 489.23 80
Residual Income kr 45.58 kr 51.80 kr 93.09 76
Rev-Margin DCF kr 78.09 kr 160.25 kr 284.95 74
All 11 models by family
DCF Models
Owner Earnings kr 184.34 kr 428.83 kr 923.24 31
5Y P/E Exit kr 91.44 kr 196.46 kr 331.40 38
10Y P/E Exit kr 105.19 kr 214.87 kr 402.01 35
Earnings-Based
Graham-Dodd kr 39.02 kr 272.12 kr 381.88 54
Lynch FV kr 86.52 kr 123.60 kr 160.68 50
Multiples
P/E Multiple kr 90.38 kr 120.50 kr 150.63 63
P/B Multiple kr 73.16 kr 97.55 kr 121.94 55
Asset-Based
NCAV (Graham) kr 25.48 kr 34.14 kr 50.96 50
Growth DCF
Growth DCF kr 130.19 kr 254.09 kr 489.23 80
Rev-Margin DCF kr 78.09 kr 160.25 kr 284.95 74
Economic Profit
Residual Income kr 45.58 kr 51.80 kr 93.09 76

Widest divergence: DCF Models (kr 214.87) versus Asset-Based (kr 34.14). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.9B SEK
Revenue growth (YoY) +16.8%
Net margin 5.2%
Return on equity 10.9%
Free cash flow 173M SEK FY2025
P/E ratio 27.9
More key figures
Operating margin 14.2%
EPS (TTM) kr 5.66
EPS growth (YoY) -4.4%
Net debt 433M SEK FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 59 · Market factors (momentum, volatility) 58

Profitability 52
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 73
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

Teqnion AB (publ), a diversified industrial company, provides a range of products in selected niche markets in Sweden, United Kingdom, European Union, Norway, United States, and internationally. It markets and sells instruments and consumables for clinical and research laboratories.

Full company description

Teqnion AB (publ), a diversified industrial company, provides a range of products in selected niche markets in Sweden, United Kingdom, European Union, Norway, United States, and internationally. It markets and sells instruments and consumables for clinical and research laboratories. It also offers foldable electric wheelchairs for county councils and end users; surge protection/lightning protection, uninterruptible power supply, and equalization material products; fasteners, hydraulic components, pipe parts, gaskets, seals, ball bearings, lifting products, and transmission items; and lamps and home furnishing products. It produces wooden building components; provides detached houses; supplies electromechanical and electronic components for various applications; sells light sources and LED luminaires; and specializes in contract manufacturing for sheet metal fabrication and chip-cutting metalwork. It also refurbishes and distributes professional coolers and freezers; designs and manufactures energy-efficient air compressors; designs, manufactures, and markets vehicle transport; provides tombstones; develops, manufactures, and markets laboratory and medical technology products; develops and manufactures transformers; designs, manufactures, and services commercial fuelling; design trucks; manufactures and exports special fasteners and machined components; manufactures a cremation facility; and provides measuring equipment for the alignment of weapon systems. The company supplies current and measuring transformers; repairs and maintains marine and industrial gas turbines; provides stainless steel products to professional kitchens; develops and sells indication systems for military practice shooting; offers tailor-made and turnkey solutions for protective vehicles, as well as refrigeration blind systems for supermarkets, hospitality, and restaurants; and supplies weighing, process control, and labeling. The company was incorporated in 2006 and is based in Solna, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Teqnion AB reported revenue of kr 1.8B in FY2025 versus kr 920M in FY2021, a compound +18.3%/yr. Reported net income was kr 98.5M in FY2025, compounding +5.5%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.8B SEK
Latest YoY
+14.9%
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.
+10.8%
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.
+22.3%
Avg. growth/yr (10Y) 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.
+26.2%
Revenue +18.3%/yr
FY21 kr 920M
FY22 kr 1.3B
FY23 kr 1.5B
FY24 kr 1.6B
FY25 kr 1.8B
Net income +5.5%/yr
FY21 kr 79.5M
FY22 kr 110M
FY23 kr 125M
FY24 kr 95.8M
FY25 kr 98.5M
Character of growth · EPS growth decomposed (2015-2025) +15.0 % p.a.
Revenue per share +13.7 pp

of which total revenue +29.7 pp · buybacks/dilution −16.0 pp

EBIT margin +0.5 pp
Tax rate +0.8 pp
Residual (interest, one-offs) −0.1 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).

TEQ screens 45% overvalued. Compare with CITIC Limited →

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

Peer Group

Conglomerates · 369 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 57 · Above median
Fair Value upside −45% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 4% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 14% · Top 25%
Revenue growth 17% · Top 25%
Debt / equity 0.57× · Higher than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 27.9× · Pricier than median
P/B 3.10× · Pricier than 75% of peers
P/S (TTM) 1.45× · Pricier than median
P/FCF 1.7× · Pricier than median
EV/EBITDA 14.8× · Pricier 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 0 · sector 20
FUTURE 84 · sector 16
PAST 44 · sector 20
HEALTH 72 · sector 88
DIVIDEND 0 · sector 39

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 Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

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SRF Limited SRF ₹2,875 ₹1,053 -63%
Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
Posco International Corporation 047050 50,900 KRW 61,248 KRW +20%
Tube Investments of India Limited TIINDIA ₹2,940 ₹559.30 -81%
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Thermax Limited THERMAX ₹4,809 ₹1,087 -77%

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Frequently asked questions

Is Teqnion AB (TEQ) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of kr 97.55 versus a price of kr 176.00, about −45% (overvalued).
What is the fair value of TEQ?
Our model-based fair value for Teqnion AB is kr 97.55 (as of Jul 13, 2026), built from audited fundamentals. The current price is kr 176.00.
What is the quality score of TEQ?
Teqnion AB has a Quality Score of 57/100. 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 Teqnion AB (TEQ)?
Teqnion AB reported trailing-twelve-month revenue of about 1.9B SEK (latest available figure, as of Jul 13, 2026).
What is the net profit margin of TEQ?
The net profit margin of Teqnion AB is about 5.2%, meaning it keeps roughly 5.2% 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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