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WS WeSports Group (WSG) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 1.6B SEK

WW WS WeSports Group WSG · ST
Pricekr 63.83
Fair Valuekr 33.19
Upside-48.0%
Quality50/100
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Healthy Growth
Thin margins · 0.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 30/100
Evidence: Medium Range kr 28.94 – kr 33.19 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from kr 37.77 to kr 33.19 (−12.1%) since Jun 24, 2026. Share price +6.4% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 33.19). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (kr 28.94 to kr 33.19), unusually little disagreement for a valuation.
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Price vs Fair Value (6 months)

kr 67.88 kr 54.50 Fair Value kr 33.19 Feb 2026 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 18, 2026.

How to read this chart

6‑month range kr 54.50 – kr 67.88 · fair‑value band kr 28.94 – kr 33.19 · the kr 63.83 price screens above the kr 33.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 18, 2026.

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Analysis

WS WeSports Group (WSG) currently trades at kr 63.83, while our model-based Fair Value estimate is kr 33.19, implying the stock looks roughly 48.0% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, WS WeSports Group generated revenue of 3.4B SEK at a net margin of 0.9%. Revenue grew 51.8% year over year. It earns a return on equity of 4.0%. Net debt stands at 183M SEK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 28.94 (bear case) to kr 33.19 (bull case); at kr 63.83, 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 10% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at -48%, WSG 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 72.68 kr 114.59 kr 191.71 80
Residual Income kr 35.51 kr 33.19 kr 24.41 76
Rev-Margin DCF kr 56.14 kr 91.51 kr 161.58 74
All 26 models by family
DCF Models
FCF DCF kr 76.97 kr 108.15 kr 201.36 38
Owner Earnings kr 51.21 kr 96.34 kr 180.09 31
5Y Revenue Exit kr 53.88 kr 81.11 kr 137.65 39
5Y EBITDA Exit kr 83.16 kr 140.24 kr 252.14 41
5Y P/E Exit kr 43.52 kr 71.14 kr 106.25 38
10Y Revenue Exit kr 60.73 kr 109.02 kr 135.84 36
10Y EBITDA Exit kr 81.44 kr 166.51 kr 313.85 37
10Y P/E Exit kr 55.00 kr 88.67 kr 138.41 35
Earnings-Based
Graham-Dodd kr 7.88 kr 54.96 kr 77.13 54
Lynch FV kr 23.89 kr 34.12 kr 44.36 50
PEG = 1.0 kr 23.89 kr 34.12 kr 44.36 46
EPV kr 30.69 kr 33.63 kr 36.08 59
Dividend Discount
Gordon GGM kr 3.72 kr 6.71 kr 9.23 70
DDM Multi-Stage kr 3.72 kr 6.13 kr 7.16 61
Multiples
P/E Multiple kr 18.25 kr 24.34 kr 30.42 63
P/S Multiple kr 14.78 kr 19.70 kr 24.63 58
P/B Multiple kr 14.78 kr 19.70 kr 24.63 55
EV/EBIT kr 52.63 kr 67.13 kr 81.62 53
EV/EBITDA kr 84.79 kr 110.01 kr 135.23 54
EV/Revenue kr 40.18 kr 53.48 kr 66.78 43
Asset-Based
NCAV (Graham) kr 26.67 kr 35.74 kr 53.34 50
Growth DCF
Growth DCF kr 72.68 kr 114.59 kr 191.71 80
Rev-Margin DCF kr 56.14 kr 91.51 kr 161.58 74
Economic Profit
Residual Income kr 35.51 kr 33.19 kr 24.41 76
ROIC Compounder kr 30.69 kr 33.63 kr 36.08 72
Growth Earnings
Growth-Adj P/E kr 29.46 kr 42.08 kr 54.71 68

Widest divergence: DCF Models (kr 96.34) versus Dividend Discount (kr 6.13). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.4B SEK
Revenue growth (YoY) +51.8%
Net margin 0.9%
Return on equity 4.0%
Free cash flow 139M SEK FY2025
P/E ratio 49.8
More key figures
Operating margin 2.0%
EPS (TTM) kr 1.12
EPS growth (YoY) -52.8%
Net debt 183M SEK FY2024

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 52 · Market factors (momentum, volatility) 47

Profitability 40
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 46
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.

About the company

WS WeSports Group AB (publ) distributes sports and leisure equipment in Sweden. The company offers various product categories, such as cycling, fitness, running, hockey, football, skiing, and outdoor. It sells its products through internet, physical stores, and distributors. The company was founded in 2019 and is based in Malmö, Sweden.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

WS WeSports Group reported revenue of kr 3.1B in FY2025 versus kr 1.6B in FY2022, a compound +24.7%/yr. Reported net income was kr 32.2M in FY2025.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.1B SEK
Latest YoY
+31.2%
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.
+24.7%
Revenue +24.7%/yr
FY22 kr 1.6B
FY23 kr 1.7B
FY24 kr 2.3B
FY25 kr 3.1B
Net income
FY22 −kr 28.1M
FY23 −kr 61.7M
FY24 kr 2.2M
FY25 kr 32.2M

WSG screens 48% overvalued. Compare with ANTA Sports Products Limited →

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Cite: Fair Value Calculator (2026). "WS WeSports Group Fair Value". https://www.fairvalue-calculator.com/stock/WSG

Peer Group

Leisure · 190 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 50 · Below median
Fair Value upside −48% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 52% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 49.8× · Pricier than 75% of peers
P/B 1.05× · Cheaper than median
P/S (TTM) 0.46× · Cheaper than median
P/FCF 1.2× · Cheaper than median
EV/EBITDA 5.6× · Cheaper 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 14
FUTURE 100 · sector 18
PAST 16 · sector 19
HEALTH 98 · sector 94
DIVIDEND 0 · sector 51

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

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

Similar stocks

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

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$74.15 HK$119.29 +61%
Pop Mart International Group 9992 HK$160.20 HK$227.30 +42%
Amer Sports, Inc AS $36.44 $16.16 -56%
Hasbro, Inc HAS $81.55 $83.38 +2%
Life Time Group LTH $42.15 $16.15 -62%
Acushnet Holdings GOLF $114.78 $37.79 -67%
Li Ning Company 2331 HK$14.80 HK$29.26 +98%
Benefit Systems S.A BFT 5,255 PLN 3,714 PLN -29%
Ninebot Limited 689009 ¥37.82 ¥39.17 +4%
Asmodee Group ASMDEEB kr 145.70 kr 41.90 -71%

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Frequently asked questions

Is WS WeSports Group (WSG) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 33.19 versus a price of kr 63.83, about −48% (overvalued).
What is the fair value of WSG?
Our model-based fair value for WS WeSports Group is kr 33.19 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 63.83.
What is the quality score of WSG?
WS WeSports Group has a Quality Score of 50/100. 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 WS WeSports Group (WSG)?
WS WeSports Group reported trailing-twelve-month revenue of about 3.4B SEK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of WSG?
The net profit margin of WS WeSports Group is about 0.9%, meaning it keeps roughly 0.9% 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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