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W5 Solutions AB (W5) Fair Value & Analysis

Industrials · SE · Market cap 785M SEK

WS W5 Solutions AB W5 · ST
Pricekr 38.15
Fair Valuekr 19.53
Upside-48.8%
Quality33/100
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Mixed Growth
Thin margins · 3.2% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/12)
Narrow moat 32/100
Evidence: High Range kr 14.00 – kr 21.51 Share as image

Fair value as of: Jul 18, 2026

From 15 valuation models · updated 23 days ago

Share price −16.9% over the past month.

Below-average quality, and screening another 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 21.51). The favourable scenario is already priced in.
  • Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

kr 105.80 kr 23.50 Fair Value kr 19.53 Dec 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

56‑month range kr 23.50 – kr 105.80 · fair‑value band kr 14.00 – kr 21.51 · the kr 38.15 price screens above the kr 19.53 fair value. Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

W5 Solutions AB (W5) currently trades at kr 38.15, while our model-based Fair Value estimate is kr 19.53, implying the stock looks roughly 48.8% overvalued today. The Quality Score stands at 33/100 (below-average 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, W5 Solutions AB generated revenue of 536M SEK at a net margin of 3.2%. Revenue grew 52.9% year over year. It earns a return on equity of 4.1%. Net debt stands at 32.3M SEK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 14.00 (bear case) to kr 21.51 (bull case); at kr 38.15, 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 46% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -49%, W5 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
ROIC Compounder kr 18.37 kr 20.48 kr 22.23 72
Growth-Adj P/E kr 26.81 kr 38.30 kr 49.79 68
P/E Multiple kr 13.18 kr 17.57 kr 21.96 63
All 15 models by family
DCF Models
Owner Earnings kr 30.92 kr 60.93 kr 116.63 31
Earnings-Based
Graham-Dodd kr 5.69 kr 39.67 kr 55.67 54
Lynch FV kr 20.50 kr 29.28 kr 38.06 50
PEG = 1.0 kr 20.50 kr 29.28 kr 38.06 46
EPV kr 18.37 kr 20.48 kr 22.23 59
Multiples
P/E Multiple kr 13.18 kr 17.57 kr 21.96 63
P/S Multiple kr 10.67 kr 14.22 kr 17.78 58
P/B Multiple kr 10.67 kr 14.22 kr 17.78 55
EV/EBIT kr 31.20 kr 40.62 kr 50.04 53
EV/EBITDA kr 41.20 kr 53.95 kr 66.71 54
EV/Revenue kr 23.11 kr 31.75 kr 40.39 43
Asset-Based
NCAV (Graham) kr 13.46 kr 18.03 kr 26.91 50
Economic Profit
Residual Income kr 18.36 kr 17.42 kr 13.64 61
ROIC Compounder kr 18.37 kr 20.48 kr 22.23 72
Growth Earnings
Growth-Adj P/E kr 26.81 kr 38.30 kr 49.79 68

Widest divergence: DCF Models (kr 60.93) versus Economic Profit (kr 17.42). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 536M SEK
Revenue growth (YoY) +52.9%
Net margin 3.2%
Return on equity 4.1%
Free cash flow −13.6M SEK FY2025
P/E ratio 46.1
More key figures
Operating margin 0.6%
EPS (TTM) kr 0.9700
EPS growth (YoY) +50.6%
Net debt 32.3M SEK FY2025

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

Quality Score breakdown

Overall quality 33/100

Of which business quality 35 · Market factors (momentum, volatility) 21

Profitability 27
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
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

W5 Solutions AB (publ) develops and delivers systems and solutions for the defense and civil protection sectors in Sweden. The company offers live fire training defence and security; and live fire training sports and hunting services.

Full company description

W5 Solutions AB (publ) develops and delivers systems and solutions for the defense and civil protection sectors in Sweden. The company offers live fire training defence and security; and live fire training sports and hunting services. It also provides batteries and chargers; gensets; shelters; systems integration; simulation solutions; components and sub-systems, including simulator handles and joysticks, simulator sights and periscopes, dummy ammunition, loading trainer ammunition, displays and monitors, panels, seat replicas, i/o systems, instructor operating stations, and hardware emulators, as well as systems for control loading, motion, and communication. In addition, the company offers support services including training, repair, and maintenance services. W5 Solutions AB (publ) was founded in 1940 and is headquartered in Nacka, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

W5 Solutions AB reported revenue of kr 492M in FY2025 versus kr 134M in FY2021, a compound +38.5%/yr. Reported net income was kr 14.7M in FY2025, compounding +2.3%/yr from FY2021.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
492M SEK
Latest YoY
+26.8%
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.
+42.9%
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.
+34.0%
Avg. growth/yr (8Y) 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.
+58.2%
Revenue +38.5%/yr
FY21 kr 134M
FY22 kr 168M
FY23 kr 394M
FY24 kr 388M
FY25 kr 492M
Net income +2.3%/yr
FY21 kr 13.4M
FY22 kr 13.7M
FY23 −kr 1.0M
FY24 −kr 18.8M
FY25 kr 14.7M

W5 screens 49% overvalued. Compare with General Electric Company →

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Cite: Fair Value Calculator (2026). "W5 Solutions AB Fair Value". https://www.fairvalue-calculator.com/stock/W5

Peer Group

Aerospace & Defense · 226 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 33 · Bottom 25%
Fair Value upside −49% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 53% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Aerospace & Defense median · lower = cheaper

P/E (TTM) 46.1× · Pricier than median
P/B 1.66× · Cheaper than median
P/S (TTM) 1.46× · Cheaper than median
EV/EBITDA 11.4× · Cheaper than median

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 0
FUTURE 100 · sector 46
PAST 16 · sector 38
HEALTH 99 · sector 94
DIVIDEND 0 · sector 15

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.

Weapons Defense

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
General Electric Company GE $381.22 $116.71 -69%
RTX Corporation RTX $195.93 $88.37 -55%
Airbus SE 1AIR €213.25 €86.20 -60%
The Boeing Company BA $217.11 $48.20 -78%
China CSSC Holdings 600150 ¥34.31 ¥21.90 -36%
HD Hyundai Heavy Industries Co 329180 466,000 KRW 272,966 KRW -41%
Hanwha Aerospace Co 012450 967,000 KRW 573,468 KRW -41%
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS 337.50 TRY 130.70 TRY -61%
Saab AB SAABB kr 520.40 kr 212.84 -59%
Kongsberg Gruppen ASA KOG kr 277.50 kr 106.93 -61%

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Frequently asked questions

Is W5 Solutions AB (W5) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 19.53 versus a price of kr 38.15, about −49% (overvalued).
What is the fair value of W5?
Our model-based fair value for W5 Solutions AB is kr 19.53 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 38.15.
What is the quality score of W5?
W5 Solutions AB has a Quality Score of 33/100. 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 W5 Solutions AB (W5)?
W5 Solutions AB reported trailing-twelve-month revenue of about 536M SEK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of W5?
The net profit margin of W5 Solutions AB is about 3.2%, meaning it keeps roughly 3.2% 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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