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Addtech AB (ADDT-B) Fair Value & Analysis

Industrials · SE · Market cap 88.2B SEK (≈ $9.2B) · ISIN SE0014781795

What is Addtech AB really worth?

AA Addtech AB ADDT-B · ST
Pricekr 330.40
Fair Valuekr 156.35
Upside−52.7%
Quality60/100

A solid business, but trading 111% above our fair value of kr 156.35.

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Strengths

Healthy Growth (revenue 5y +14.9 %/yr)
Moderate debt · generates free cash flow
Wide moat 67/100

Risks

!Thin margins · 9.5% net margin
!Trails peers (5/15)
!Weak on future: 10 out of 100
!Weak on dividend: 22 out of 100

For context

·1.09% dividend yield
Evidence: High Range kr 78.33 – kr 219.21

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 22 days ago

Share price −7.9% 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 219.21). The favourable scenario is already priced in.
  • The model range is unusually wide (kr 78.33 to kr 219.21). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

kr 358.60 kr 123.99 Fair Value kr 156.35 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 123.99 – kr 358.60 · fair‑value band kr 78.33 – kr 219.21 · the kr 330.40 price screens above the kr 156.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Addtech AB (ADDT-B) currently trades at kr 330.40, while our model-based Fair Value estimate is kr 156.35, implying the stock looks roughly 111.3% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of kr 153.80 per share, and 0 of the 24 models we run sit above the kr 330.40 price. Bear case: the Asset-Based group reads lowest at kr 20.35, and 24 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Addtech AB generated revenue of 22.7B SEK at a net margin of 9.5%. Revenue grew 1.9% year over year. It earns a return on equity of 28.6%. Net debt stands at 5.7B SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 78.33 (bear case) to kr 219.21 (bull case); at kr 330.40, 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 8% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −39% fair-value upside, at −53%, ADDT-B screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly kr 1.87 per share, which is 1.2 % 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 48.26 kr 96.06 kr 178.04 76
Growth DCF kr 47.98 kr 92.34 kr 166.69 75
EPV kr 76.35 kr 91.25 kr 104.28 74
All 24 models by family
DCF Models
FCF DCF kr 48.26 kr 96.06 kr 178.04 76
Owner Earnings kr 56.47 kr 110.67 kr 203.62 73
5Y Revenue Exit kr 79.49 kr 158.61 kr 266.99 70
5Y EBITDA Exit kr 103.40 kr 207.38 kr 338.40 73
5Y P/E Exit kr 88.52 kr 177.02 kr 278.13 69
10Y Revenue Exit kr 64.66 kr 136.21 kr 247.21 63
10Y EBITDA Exit kr 84.14 kr 171.74 kr 306.37 65
10Y P/E Exit kr 74.31 kr 149.63 kr 256.44 61
Earnings-Based
Graham-Dodd kr 56.79 kr 253.62 kr 347.49 64
Lynch FV kr 65.94 kr 94.20 kr 122.46 61
PEG = 1.0 kr 65.94 kr 94.20 kr 122.46 57
EPV kr 76.35 kr 91.25 kr 104.28 74
Multiples
P/E Multiple kr 131.53 kr 175.37 kr 219.21 63
P/S Multiple kr 106.47 kr 141.97 kr 177.46 58
P/B Multiple kr 102.49 kr 136.65 kr 170.81 55
EV/EBIT kr 139.95 kr 190.95 kr 241.95 66
EV/EBITDA kr 142.45 kr 194.28 kr 246.11 67
EV/Revenue kr 96.16 kr 142.95 kr 189.75 53
Asset-Based
NCAV (Graham) kr 15.18 kr 20.35 kr 30.37 54
Growth DCF
Growth DCF kr 47.98 kr 92.34 kr 166.69 75
Rev-Margin DCF kr 79.49 kr 155.78 kr 252.92 70
Economic Profit
Residual Income kr 56.87 kr 77.79 kr 501.11 64
ROIC Compounder kr 88.10 kr 122.21 kr 165.97 71
Growth Earnings
Growth-Adj P/E kr 107.66 kr 153.80 kr 199.94 67

Widest divergence: Growth Earnings (kr 153.80) versus Asset-Based (kr 20.35). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 40.8 as of Jun 7, 2026
P/S ratio 3.86 P/E × margin
EPS (TTM) kr 7.96 price ÷ EPS = P/E 40.8
Dividend yield 1.1% payout 45.2%
Net margin 9.5% FY2026
Return on equity 28.6% TTM
More key figures
Profitability
Return on assets (EBIT) 14.0% avg 5y
Operating margin 14.7% TTM
Growth
Revenue (TTM) 22.7B SEK TTM
Revenue growth (YoY) +1.9% 3y avg +6.7%
EPS growth (YoY) +13.7%
Balance sheet & cash flow
Free cash flow 1.2B SEK FY2026
Net debt 5.7B SEK FY2026 · ≈ 4.6 yrs of FCF

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 58 · Market factors (momentum, volatility) 51

Profitability 69
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 81
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

Addtech AB (publ.) provides high-tech products and solutions in Sweden, Denmark, Finland, Norway, Germany, the United Kingdom, rest of Europe, and internationally. The company operates through Automation, Electrification, Energy, Industrial Solutions, and Process Technology segments.

Full company description

Addtech AB (publ.) provides high-tech products and solutions in Sweden, Denmark, Finland, Norway, Germany, the United Kingdom, rest of Europe, and internationally. The company operates through Automation, Electrification, Energy, Industrial Solutions, and Process Technology segments. It produces and sells automation products and solutions, subsystems, and components for medical technology, industrial automation, and infrastructure, including solutions for industrial communications, built-in-data control systems, sensors, and cyber security solutions. The company also offers battery, energy-efficient power supply solutions, and power transmission; components and subsystems for electric driveline solutions; products for electric power transmission, electrical installation, and safety products for transport; solutions and systems primarily for the forest, special vehicles, and waste/recycling industries; and solutions for measuring, controlling, and streamlining industrial flows. Addtech AB (publ.) was founded in 1906 and is headquartered in Stockholm, Sweden.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Addtech AB reported revenue of 22.7B SEK in FY2026 versus 14.0B SEK in FY2022, a compound +12.8%/yr. Reported net income was 2.1B SEK in FY2026, compounding +18.9%/yr from FY2022.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
22.7B SEK
Latest YoY
+4.2%
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.
+6.7%
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.
+14.9%
Avg. revenue growth/yr (25Y) 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.
+9.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+21.1% (20.0 + 1.1)
Revenue +12.8%/yr
FY22 14.0B SEK
FY23 18.7B SEK
FY24 20.0B SEK
FY25 21.8B SEK
FY26 22.7B SEK
Net income +18.9%/yr
FY22 1.1B SEK
FY23 1.5B SEK
FY24 1.6B SEK
FY25 1.9B SEK
FY26 2.1B SEK
Character of growth · EPS growth decomposed (2015-2026) +8.1 % p.a.
Revenue per share +13.7 %

of which total revenue +13.8 % · buybacks/dilution −0.1 %

EBIT margin +5.6 %
Tax rate −1.7 %
Residual (interest, one-offs) −8.4 %

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).

ADDT-B screens 111% overvalued. Compare with W.W. Grainger, Inc →

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

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Industrial Distribution · 112 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 60 · Above median
Fair Value upside −53% · Bottom 25%
Return on equity (TTM) 29% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.62× · Higher than 75% of peers

Valuation Multiples vs Industrial Distribution median · lower = cheaper

P/E (TTM) 40.8× · Pricier than 75% of peers
P/B 11.29× · Pricier than 75% of peers
P/S (TTM) 3.88× · Pricier than 75% of peers
P/FCF 7.4× · Pricier than median
EV/EBITDA 24.7× · Pricier than 75% of peers
PEG 4.10× · 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
VALUE0 · sector 33
FUTURE10 · sector 18
PAST100 · sector 35
HEALTH69 · sector 91
DIVIDEND22 · sector 37

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 Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
W.W. Grainger, Inc GWW $1,306 $613.88 −53%
Fastenal Company FAST $51.14 $20.64 −60%
Ferguson Enterprises Inc FERG $245.18 $148.98 −39%
WESCO International, Inc WCC $347.60 $213.01 −39%
Watsco, Inc WSO $313.05 $251.37 −20%
Toromont Industries Ltd TIH C$199.59 C$127.90 −36%
Applied Industrial Technologies, Inc AIT $319.11 $191.65 −40%
Finning International Inc FTT C$93.86 C$76.38 −19%
Core & Main, Inc CNM $45.45 $49.47 +9%
Indutrade AB INDT kr 249.60 kr 147.56 −41%

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Frequently asked questions

Is Addtech AB (ADDT-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 156.35 versus a price of kr 330.40, about −53% upside (overvalued).
What is the fair value of ADDT-B?
Our model-based fair value for Addtech AB is kr 156.35 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 330.40.
What is the quality score of ADDT-B?
Addtech AB has a Quality Score of 60/100. 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 Addtech AB (ADDT-B)?
Addtech AB reported trailing-twelve-month revenue of about 22.7B SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ADDT-B?
The net profit margin of Addtech AB is about 9.5%, meaning it keeps roughly 9.5% of revenue as net income. Based on the latest reported figures.
Does Addtech AB pay a dividend?
Addtech AB currently shows a dividend yield of about 1.09% relative to its recent price (as of Aug 13, 2026).
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