EN DE

VBG Group (VBG-B) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 7.9B SEK (≈ $825M) · ISIN SE0000115107

What is VBG Group really worth?

VG VBG Group VBG-B · ST
Pricekr 313.00
Fair Valuekr 391.03
Upside+24.9%
Quality53/100

A solid business, trading 20% below our fair value of kr 391.03.

Watch VBG Group for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +11.4 %/yr)
!Thin margins · 7.8% net margin
!Mixed vs. peers (8/15)
!Moderate moat 48/100
!Weak on future: 10 out of 100

For context

·2.32% dividend yield
Evidence: High Range kr 199.85 – kr 491.05

Fair value as of: Aug 19, 2026

From 24 valuation models · updated 16 days ago

Share price −3.5% over the past month.

What runs behind every stock

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

What matters now

  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (kr 199.85 to kr 491.05) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

kr 485.42 kr 102.97 Fair Value kr 391.03 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range kr 102.97 – kr 485.42 · fair‑value band kr 199.85 – kr 491.05 · the kr 313.00 price screens below the kr 391.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

Full chart & analysis →

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

Analysis

VBG Group (VBG-B) currently trades at kr 313.00, while our model-based Fair Value estimate is kr 391.03, implying the stock looks roughly 20.0% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Multiples group reads highest at a median of kr 347.78 per share, and 14 of the 24 models we run sit above the kr 313.00 price. Bear case: the Asset-Based group reads lowest at kr 117.74, and 10 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, VBG Group generated revenue of 5.4B SEK at a net margin of 7.8%. Revenue grew 1.9% year over year. It earns a return on equity of 10.3%. Net debt stands at 830M SEK. Fundamentals as of Aug 19, 2026

Our scenario range runs from kr 199.85 (bear case) to kr 491.05 (bull case); at kr 313.00, 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 23% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −38% fair-value upside, at 25%, VBG-B screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 6.52 per share, which is 1.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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 kr 102.18 kr 191.17 kr 338.23 77
Growth DCF kr 101.26 kr 182.51 kr 311.96 76
Residual Income kr 154.68 kr 173.00 kr 281.41 75
All 24 models by family
DCF Models
FCF DCF kr 102.18 kr 191.17 kr 338.23 77
Owner Earnings kr 139.79 kr 256.72 kr 449.98 74
5Y Revenue Exit kr 189.38 kr 370.38 kr 619.10 70
5Y EBITDA Exit kr 236.46 kr 466.54 kr 757.08 73
5Y P/E Exit kr 201.93 kr 396.02 kr 618.23 69
10Y Revenue Exit kr 149.02 kr 308.04 kr 556.06 63
10Y EBITDA Exit kr 187.70 kr 376.56 kr 667.95 65
10Y P/E Exit kr 165.41 kr 326.31 kr 555.35 61
Earnings-Based
Graham-Dodd kr 127.21 kr 571.78 kr 783.75 64
Lynch FV kr 149.02 kr 212.88 kr 276.75 61
PEG = 1.0 kr 149.02 kr 212.88 kr 276.75 57
EPV kr 177.13 kr 207.87 kr 234.39 74
Multiples
P/E Multiple kr 294.63 kr 392.84 kr 491.05 63
P/S Multiple kr 238.51 kr 318.01 kr 397.52 58
P/B Multiple kr 238.51 kr 318.01 kr 397.52 55
EV/EBIT kr 340.75 kr 460.19 kr 579.62 66
EV/EBITDA kr 333.84 kr 450.97 kr 568.09 67
EV/Revenue kr 238.18 kr 347.78 kr 457.38 53
Asset-Based
NCAV (Graham) kr 87.86 kr 117.74 kr 175.73 54
Growth DCF
Growth DCF kr 101.26 kr 182.51 kr 311.96 76
Rev-Margin DCF kr 189.38 kr 363.53 kr 585.64 70
Economic Profit
Residual Income kr 154.68 kr 173.00 kr 281.41 75
ROIC Compounder kr 177.82 kr 239.23 kr 315.98 72
Growth Earnings
Growth-Adj P/E kr 242.32 kr 346.18 kr 450.03 67

Widest divergence: Multiples (kr 347.78) versus Asset-Based (kr 117.74). Highest evidence: FCF DCF (77).

Notify me when VBG-B reaches fair value

Put VBG-B on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 18.8 as of Jun 8, 2026
P/S ratio 1.47 P/E × margin
EPS (TTM) kr 16.83 price ÷ EPS = P/E 18.8
Dividend yield 2.3% payout 43.1%
Net margin 7.8% FY2025
Return on equity 10.3% TTM
More key figures
Profitability
Return on assets (EBIT) 10.9% avg 5y
Operating margin 11.7% TTM
Growth
Revenue (TTM) 5.4B SEK TTM
Revenue growth (YoY) +1.9% 3y avg +5.6%
EPS growth (YoY) −1.1%
Balance sheet & cash flow
Free cash flow 224M SEK FY2025
Net debt 830M SEK FY2025 · ≈ 3.7 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 52 · Market factors (momentum, volatility) 50

Profitability 46
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 36
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.

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

VBG Group AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells various industrial products in Sweden, Germany, rest of the Nordic countries and Europe, North America, Brazil, Australia, New Zealand, China, and internationally.

Full company description

VBG Group AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells various industrial products in Sweden, Germany, rest of the Nordic countries and Europe, North America, Brazil, Australia, New Zealand, China, and internationally. It operates in three segments: Truck & Trailer Equipment, Mobile Thermal Solutions, and Ringfeder Power Transmission. The Truck & Trailer Equipment segment provides drawbar couplings under VBG and Ringfeder brands; automatic tire chains under Onspot brand name; sliding roofs for tarpaulin-covered trailers and railway wagons and tipper vehicles under Edscha Trailer Systems and Sesam brands; and vehicle lighting products under the Ledson brand name. Its Mobile Thermal Solutions segment offers climate control systems for commercial motor vehicles, including heating, ventilation, air conditioning, control systems, and various associated components, for manufacturers of transit, coach, school, and shuttle buses; and off-road vehicles for construction, agriculture, forestry, mining, and materials handling applications, as well as utility vehicles, including delivery vans, refuse collection trucks, ambulances, and fire trucks; and defense vehicles for troop transport. The Ringfeder Power Transmission segment provides products and systems for mechanical power transmission, and energy and shock absorption for the mines, freight handling, and energy production, industrial rolling mills, drilling equipment, aerospace and defense, infrastructure, medicine, and robotics sectors under the Ringfeder, Henfel, Rathi, Malmedie, and Carlyle Johnson brands. VBG Group AB (publ) was founded in 1951 and is headquartered in Trollhättan, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

VBG Group reported revenue of 5.4B SEK in FY2025 versus 3.6B SEK in FY2021, a compound +10.6%/yr. Reported net income was 422M SEK in FY2025, compounding +5.8%/yr from FY2021.

Growth Quality 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
5.4B SEK
Latest YoY
−3.3%
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.
+5.6%
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.
+11.4%
Avg. revenue growth/yr (20Y) 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.
+10.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+9.4% (7.1 + 2.3)
Revenue +10.6%/yr
FY21 3.6B SEK
FY22 4.6B SEK
FY23 5.7B SEK
FY24 5.6B SEK
FY25 5.4B SEK
Net income +5.8%/yr
FY21 337M SEK
FY22 368M SEK
FY23 569M SEK
FY24 588M SEK
FY25 422M SEK
Character of growth · EPS growth decomposed (2014-2025) +16.2 % p.a.
Revenue per share +12.9 %

of which total revenue +17.1 % · buybacks/dilution −3.6 %

EBIT margin +2.4 %
Tax rate +0.5 %
Residual (interest, one-offs) −0.1 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

Watch VBG-B: get an alert when its fair value changes →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
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). "VBG Group Fair Value". https://www.fairvalue-calculator.com/stock/VBG-B

Peer Group

Auto Parts · 641 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 53 · Above median
Fair Value upside +25% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 12% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 2.3% · Above median
Debt / equity 0.38× · Higher than 75% of peers

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 18.8× · Cheaper than median
P/B 1.99× · Pricier than median
P/S (TTM) 1.45× · Pricier than median
P/FCF 3.7× · Pricier than median
EV/EBITDA 10.5× · Pricier than median
PEG 1.89× · Pricier than 75% of peers

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
VALUE67 · sector 15
FUTURE10 · sector 21
PAST41 · sector 28
HEALTH81 · sector 95
DIVIDEND46 · sector 32

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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
O'Reilly Automotive, Inc ORLY $88.50 $47.50 −46%
AutoZone, Inc AZO $2,932 $2,287 −22%
Hyundai Mobis Co 012330 450,500 KRW 643,909 KRW +43%
Fuyao Glass Industry Group 600660 ¥57.67 ¥84.47 +46%
Samvardhana Motherson International Limited MOTHERSON ₹165.30 ₹80.63 −51%
Magna International Inc MGA $65.57 $68.17 +4%
Genuine Parts Company GPC $137.51 $58.07 −58%
Bosch Limited BOSCHLTD ₹48,700 ₹11,534 −76%
Ningbo Tuopu Group 601689 ¥45.82 ¥28.28 −38%
Bharat Forge Limited BHARATFORG ₹2,063 ₹393.20 −81%

Compare VBG Group with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

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

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is VBG Group (VBG-B) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of kr 391.03 versus a price of kr 313.00, about +25% upside (undervalued).
What is the fair value of VBG-B?
Our model-based fair value for VBG Group is kr 391.03 (as of Aug 19, 2026), built from audited fundamentals. The current price: kr 313.00.
What is the quality score of VBG-B?
VBG Group has a Quality Score of 53/100. 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 VBG Group (VBG-B)?
VBG Group reported trailing-twelve-month revenue of about 5.4B SEK (latest available figure, as of Aug 19, 2026).
What is the net profit margin of VBG-B?
The net profit margin of VBG Group is about 7.8%, meaning it keeps roughly 7.8% of revenue as net income. Based on the latest reported figures.
Does VBG Group pay a dividend?
VBG Group currently shows a dividend yield of about 2.32% relative to its recent price (as of Aug 19, 2026).
Free · no account needed

Watch VBG Group in the live analysis

One click puts VBG Group on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.