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Veteranpoolen AB (VPAB-B) Fair Value & Analysis

Industrials · SE · Market cap 1.3B SEK (≈ $140M)

What is Veteranpoolen AB really worth?

VA Veteranpoolen AB VPAB-B · ST
Pricekr 63.20
Fair Valuekr 58.21
Upside−7.9%
Quality75/100

A strong business, currently priced close to our fair value of kr 58.21.

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Strengths

Healthy Growth (revenue 3y +10.8 %/yr)
generates free cash flow
Ranks above peers (8/13)
Wide moat 66/100

Risks

!Thin margins · 9.0% net margin
!Weak on valuation: 23 out of 100

For context

·5.06% dividend yield
Evidence: High Range kr 44.08 – kr 81.87

Fair value as of: Aug 19, 2026

From 24 valuation models · updated 16 days ago

Share price −3.1% 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 close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (kr 44.08 to kr 81.87) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

kr 70.00 kr 21.91 Fair Value kr 58.21 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 21.91 – kr 70.00 · fair‑value band kr 44.08 – kr 81.87 · the kr 63.20 price screens above the kr 58.21 fair value. Dashed = 300-day average. As of Aug 19, 2026.

Full chart & analysis →

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Analysis

Veteranpoolen AB (VPAB-B) currently trades at kr 63.20, while our model-based Fair Value estimate is kr 58.21, implying the stock looks roughly 8.6% fairly valued today. The Quality Score stands at 75/100 (high quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of kr 69.79 per share, and 13 of the 24 models we run sit above the kr 63.20 price. Bear case: the Economic Profit group reads lowest at kr 33.95, and 11 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Veteranpoolen AB generated revenue of 672M SEK at a net margin of 9.0%. Revenue grew 15.0% year over year. It earns a return on equity of 80.2%. The stock trades on a trailing P/E of 22.1 (as of Jul 16, 2026). Fundamentals as of Aug 19, 2026

Our scenario range runs from kr 44.08 (bear case) to kr 81.87 (bull case); at kr 63.20, 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 8% below its 52-week high and 60% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 22% fair-value upside, at −8%, VPAB-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 44.81 kr 72.38 kr 115.07 74
Growth DCF kr 44.10 kr 68.11 kr 102.89 72
Owner Earnings kr 39.77 kr 63.85 kr 101.15 69
All 24 models by family
DCF Models
FCF DCF best evidence kr 44.81 kr 72.38 kr 115.07 74
Owner Earnings kr 39.77 kr 63.85 kr 101.15 69
5Y Revenue Exit kr 42.38 kr 69.79 kr 106.95 66
5Y EBITDA Exit kr 42.66 kr 70.37 kr 104.99 68
5Y P/E Exit kr 49.06 kr 83.66 kr 123.41 64
10Y Revenue Exit kr 41.70 kr 66.67 kr 104.84 60
10Y EBITDA Exit kr 42.94 kr 67.06 kr 103.33 62
10Y P/E Exit kr 46.83 kr 76.01 kr 117.52 58
Earnings-Based
Graham-Dodd kr 22.08 kr 105.60 kr 145.34 61
Lynch FV kr 28.14 kr 40.20 kr 52.26 58
PEG = 1.0 kr 28.14 kr 40.20 kr 52.26 55
EPV kr 30.45 kr 33.95 kr 36.86 68
Multiples
P/E Multiple kr 51.14 kr 68.19 kr 85.24 63
P/S Multiple kr 41.40 kr 55.20 kr 69.00 58
P/B Multiple kr 14.33 kr 19.11 kr 23.88 55
EV/EBIT kr 56.55 kr 73.80 kr 91.04 63
EV/EBITDA kr 44.86 kr 58.21 kr 71.56 64
EV/Revenue kr 41.73 kr 57.56 kr 73.39 51
Asset-Based
NCAV (Graham) kr 2.12 kr 2.84 kr 4.25 51
Growth DCF
Growth DCF kr 44.10 kr 68.11 kr 102.89 72
Rev-Margin DCF kr 42.38 kr 69.17 kr 104.11 66
Economic Profit
Residual Income kr 20.37 kr 35.08 kr 731.91 61
ROIC Compounder kr 30.45 kr 33.95 kr 36.86 67
Growth Earnings
Growth-Adj P/E kr 44.08 kr 62.98 kr 81.87 65

Widest divergence: DCF Models (kr 69.79) versus Asset-Based (kr 2.84). Highest evidence: FCF DCF (74).

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Key figures & financial health

P/E ratio 22.1 as of Jul 16, 2026
P/S ratio 1.95 P/E × margin
EPS (TTM) kr 3.01 price ÷ EPS = P/E 22.1
Dividend yield 5.1% payout 106%
Net margin 8.9% FY2025
Return on equity 80.2% TTM
More key figures
Profitability
Return on assets (EBIT) 41.8% avg 4y
Operating margin 5.0% TTM
Growth
Revenue (TTM) 671M SEK TTM
Revenue growth (YoY) +14.1% 3y avg +10.8%
EPS growth (YoY) +78.6%
Balance sheet & cash flow
Free cash flow 66.8M SEK FY2025

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

Quality Score breakdown

Overall quality 75/100

Of which business quality 75 · Market factors (momentum, volatility) 54

Profitability 89
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 61
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

Veteranpoolen AB (publ) operates as a staffing company. The company offers staff for cleaning, crafts, gardening, and care services for private customers.

Full company description

Veteranpoolen AB (publ) operates as a staffing company. The company offers staff for cleaning, crafts, gardening, and care services for private customers. It also provides staff for shop and trade; finance, admin, payroll, and HR; property management and BRF; sales and customer service; hotel, kitchen, and catering; IT and technology; office services and cleaning; warehouse, logistics, and industry; education and pedagogy; and driving and real estate industries. In addition, the company is involved in franchising business. The company was founded in 2007 and is headquartered in Gothenburg, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Veteranpoolen AB reported revenue of 655M SEK in FY2025 versus 385M SEK in FY2021, a compound +14.2%/yr. Reported net income was 58.0M SEK in FY2025, compounding +14.7%/yr from FY2021.

Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
655M SEK
Latest YoY
+15.7%
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.
+10.8%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year.
+16.8% (11.7 + 5.1)
Revenue +14.2%/yr
FY21 385M SEK
FY22 482M SEK
FY23 511M SEK
FY24 566M SEK
FY25 655M SEK
Net income +14.7%/yr
FY21 33.5M SEK
FY22 41.6M SEK
FY23 41.6M SEK
FY24 44.3M SEK
FY25 58.0M SEK

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Cite: Fair Value Calculator (2026). "Veteranpoolen AB Fair Value". https://www.fairvalue-calculator.com/stock/VPAB-B

Peer Group

Staffing & Employment Services · 80 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 75 · Top 25%
Fair Value upside −8% · Below median
Return on equity (TTM) 80% · Top 25%
Return on assets 31% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 5% · Above median
Revenue growth 14% · Top 25%
Dividend yield (TTM) 5.1% · Above median

Valuation Multiples vs Staffing & Employment Services median · lower = cheaper

P/E (TTM) 22.1× · Pricier than median
P/B 17.61× · Pricier than 75% of peers
P/S (TTM) 1.99× · Pricier than 75% of peers
P/FCF 2.1× · Cheaper than median
EV/EBITDA 16.6× · 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
VALUE23 · sector 49
FUTURE71 · sector 1
PAST100 · sector 41
HEALTH0 · sector 95
DIVIDEND100 · sector 58

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 Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Adecco Group ADEN CHF 24.06 CHF 24.15 +0%
Korn Ferry, KFY $83.30 $114.56 +38%
Robert Half Inc RHI $43.55 $20.51 −53%
TriNet Group TNET $69.61 $97.07 +39%
ManpowerGroup Inc MAN $61.19 $23.19 −62%
Insperity, Inc NSP $51.40 $17.34 −66%
FESCO Group 600861 ¥13.02 ¥45.46 +249%
Grupa Pracuj S.A GPP 53.50 PLN 65.45 PLN +22%
Barrett Business Services, Inc BBSI $32.95 $38.11 +16%
Maharah for Human Resources Company 1831 4.68 SAR 6.87 SAR +47%

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Frequently asked questions

Is Veteranpoolen AB (VPAB-B) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of kr 58.21 versus a price of kr 63.20, about −8% upside (fairly valued).
What is the fair value of VPAB-B?
Our model-based fair value for Veteranpoolen AB is kr 58.21 (as of Aug 19, 2026), built from audited fundamentals. The current price: kr 63.20.
What is the quality score of VPAB-B?
Veteranpoolen AB has a Quality Score of 75/100. 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 Veteranpoolen AB (VPAB-B)?
Veteranpoolen AB reported trailing-twelve-month revenue of about 672M SEK (latest available figure, as of Aug 19, 2026).
What is the net profit margin of VPAB-B?
The net profit margin of Veteranpoolen AB is about 9.0%, meaning it keeps roughly 9.0% of revenue as net income. Based on the latest reported figures.
Does Veteranpoolen AB pay a dividend?
Veteranpoolen AB currently shows a dividend yield of about 5.06% relative to its recent price (as of Aug 19, 2026).
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