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Tribox Group (TRIBO-B) Fair Value & Analysis

Basic Materials · SE · Market cap 71.4M SEK (≈ $7.5M) · ISIN SE0010600429

What is Tribox Group really worth?

TG Tribox Group TRIBO-B · ST
Pricekr 0.2500
Fair Valuekr 0.0900
Upside−64.0%
Quality37/100

Below-average quality, and trading another 178% above our fair value of kr 0.0900.

As of Aug 13, 2026, the fair value of Tribox Group is kr 0.0900 per share against a price of kr 0.2500, so the fair value sits 64% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

generates free cash flow

Risks

!Mixed Growth (revenue 5y +227.3 %/yr)
!Thin margins · 0.6% net margin
!Trails peers (3/10)
!Narrow moat 22/100
!Evidence only low, so the estimate is less certain
!Weak on past: 10 out of 100
Evidence: Low Range kr 0.0900 – kr 0.0900

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 23 days ago

Share price −12.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (kr 0.0900). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

kr 1.87 kr 0.1735 Fair Value kr 0.0900 Jun 2021 Sep 2026

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

How to read this chart

60‑month range kr 0.1735 – kr 1.87 · the kr 0.2500 price screens above the kr 0.0900 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Tribox Group (TRIBO-B) currently trades at kr 0.2500, while our model-based Fair Value estimate is kr 0.0900, implying the stock looks roughly 177.8% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of kr 0.1800 per share, and 4 of the 14 models we run sit above the kr 0.2500 price. Bear case: the Earnings-Based group reads lowest at kr 0.0900, and 10 of the 14 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Tribox Group generated revenue of 134M SEK at a net margin of 0.6%. Revenue grew 37.4% year over year. It earns a return on equity of 2.4%. The balance sheet holds a net cash position of 10.8M SEK. Fundamentals as of Aug 13, 2026

The share trades about 24% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at −64%, TRIBO-B screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence kr 0.1500 kr 0.1800 kr 0.2700 77
Growth DCF kr 0.1400 kr 0.1900 kr 0.2500 74
Owner Earnings kr 0.2100 kr 0.3400 kr 0.5600 70
All 14 models by family
DCF Models
FCF DCF best evidence kr 0.1500 kr 0.1800 kr 0.2700 77
Owner Earnings kr 0.2100 kr 0.3400 kr 0.5600 70
5Y Revenue Exit kr 0.1200 kr 0.1500 kr 0.2000 69
5Y EBITDA Exit kr 0.1900 kr 0.2800 kr 0.4700 68
10Y Revenue Exit kr 0.1300 kr 0.1800 kr 0.2000 64
10Y EBITDA Exit kr 0.1700 kr 0.3000 kr 0.5300 61
Earnings-Based
EPV kr 0.0800 kr 0.0900 kr 0.0900 70
Multiples
EV/EBIT kr 0.1100 kr 0.1200 kr 0.1300 63
EV/EBITDA kr 0.2100 kr 0.2600 kr 0.3000 64
EV/Revenue kr 0.1000 kr 0.1100 kr 0.1300 52
Asset-Based
NCAV (Graham) kr 0.0600 kr 0.0900 kr 0.1300 51
Growth DCF
Growth DCF kr 0.1400 kr 0.1900 kr 0.2500 74
Rev-Margin DCF kr 0.1200 kr 0.1600 kr 0.2200 68
Economic Profit
ROIC Compounder kr 0.0800 kr 0.0900 kr 0.0900 68

Widest divergence: DCF Models (kr 0.1800) versus Earnings-Based (kr 0.0900). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/S ratio 0.54 TTM
Net margin −0.2% FY2025
Return on equity 2.4% TTM
Return on assets (EBIT) −54.5% avg 5y
Operating margin 3.7% TTM
Revenue (TTM) 134M SEK TTM
More key figures
Growth
Revenue growth (YoY) +37.4% 3y avg +498%
EPS growth (YoY) +225%
Balance sheet & cash flow
Free cash flow 2.0M SEK FY2025
Net cash 10.8M SEK FY2025

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

Quality Score breakdown

Overall quality 37/100

Of which business quality 41 · Market factors (momentum, volatility) 53

Profitability 29
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 50
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Tribox Group AB (publ), an environmental technology group, develops and markets lubricants and fuel additives in Sweden, rest of the Nordic countries, rest of Europe, Asia, Africa, and internationally.

Full company description

Tribox Group AB (publ), an environmental technology group, develops and markets lubricants and fuel additives in Sweden, rest of the Nordic countries, rest of Europe, Asia, Africa, and internationally. It offers engine, hydraulic, and transmission oils for the transport, construction, and forestry sectors; and additives that enable the use of bio-based fuels for the power generation, transportation, and marine industries. The company was formerly known as Triboron International AB (publ) and changed its name to Tribox Group AB (publ) in June 2025. Tribox Group AB (publ) was incorporated in 2013 and is based in Karlstad, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tribox Group reported revenue of 121M SEK in FY2025 versus 652K SEK in FY2021, a compound +269.3%/yr. Reported net income was −210K SEK in FY2025.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
121M SEK
Latest YoY
−0.8%
Avg. revenue 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.
+498.4%
Avg. revenue 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.
+227.3%
Avg. revenue growth/yr (11Y) 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.
+52.8%
EBIT 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.
−4,151.3% (2020) → 0.8% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +269.3%/yr
FY21 652K SEK
FY22 566K SEK
FY23 69.1M SEK
FY24 122M SEK
FY25 121M SEK
Net income
FY21 −15.2M SEK
FY22 −10.4M SEK
FY23 −12.5M SEK
FY24 −8.2M SEK
FY25 −210K SEK

TRIBO-B screens 178% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Tribox Group Fair Value". https://www.fairvalue-calculator.com/stock/TRIBO-B

Peer Group

Specialty Chemicals · 695 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 37 · Bottom 25%
Fair Value upside −64% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 37% · Top 25%

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/B 0.18× · Cheaper than 75% of peers
P/S (TTM) 0.06× · Cheaper than 75% of peers
P/FCF 3.7× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 20
PAST10 · sector 23
HEALTH0 · sector 95
DIVIDEND0 · sector 28

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

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $485.35 $222.03 −54%
The Sherwin-Williams Company SHW $344.86 $143.38 −58%
Ecolab Inc ECL $286.75 $96.18 −66%
Air Products and Chemicals, Inc APD $308.09 $122.14 −60%
Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
Wanhua Chemical Group 600309 ¥77.66 ¥68.03 −12%
500820 500820 ₹2,757 ₹557.43 −80%
Novozymes A/S NSISB kr 456.40 kr 169.99 −63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
PPG Industries, Inc PPG $114.22 $71.31 −38%

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Frequently asked questions

Is Tribox Group (TRIBO-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 0.0900 versus a price of kr 0.2500, about −64% upside (overvalued).
What is the fair value of TRIBO-B?
Our model-based fair value for Tribox Group is kr 0.0900 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 0.2500.
What is the quality score of TRIBO-B?
Tribox Group has a Quality Score of 37/100. 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 Tribox Group (TRIBO-B)?
Tribox Group reported trailing-twelve-month revenue of about 134M SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TRIBO-B?
The net profit margin of Tribox Group is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. Based on the latest reported figures.
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