Alleima AB (publ) (ALLEI) Fair Value & Analysis
Basic Materials · SE · Market cap 24.8B SEK (≈ $2.6B) · ISIN SE0017615644
What is Alleima AB (publ) really worth?
A solid business, but trading 94% above our fair value of kr 61.11.
Strengths
Risks
For context
Fair value as of: Aug 17, 2026
From 22 valuation models · updated 19 days ago
Fair value updated Aug 17, 2026, revised from kr 45.60 to kr 61.11 (+34.0%) since Aug 13, 2026. Share price −1.7% 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 76.38). The favourable scenario is already priced in.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.
How to read this chart
48‑month range kr 30.93 – kr 122.40 · fair‑value band kr 45.83 – kr 76.38 · the kr 118.50 price screens above the kr 61.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 17, 2026.
Analysis
Alleima AB (publ) (ALLEI) currently trades at kr 118.50, while our model-based Fair Value estimate is kr 61.11, implying the stock looks roughly 93.9% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Basic Materials sector. Bull case: the Growth DCF group reads highest at a median of kr 51.48 per share, and 0 of the 22 models we run sit above the kr 118.50 price. Bear case: the Earnings-Based group reads lowest at kr 25.86, and 22 of the 22 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Alleima AB (publ) generated revenue of 18.1B SEK at a net margin of 3.1%. Revenue declined 11.1% year over year. It earns a return on equity of 3.4%. The balance sheet holds a net cash position of 831M SEK. Fundamentals as of Aug 17, 2026
Our scenario range runs from kr 45.83 (bear case) to kr 76.38 (bull case); at kr 118.50, 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 near its 52-week high and 82% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −22% fair-value upside, at −48%, ALLEI 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.
All 22 models by family
Widest divergence: Growth DCF (kr 51.48) versus Earnings-Based (kr 25.86). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 85
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
Alleima AB (publ) manufactures and sells stainless steels, special alloys, medical wires and components, and electric heating systems in Europe, North America, Asia, and internationally. It operates through three divisions: Tube, Kanthal, and Strip.
Full company description
Alleima AB (publ) manufactures and sells stainless steels, special alloys, medical wires and components, and electric heating systems in Europe, North America, Asia, and internationally. It operates through three divisions: Tube, Kanthal, and Strip. The company offers tubes for extraction and production of oil and gas, advanced stainless steel, umbilical tubes, control lines, corrosion-resistant alloys, and oil country tubular goods; solid and hollow bar, high-pressure and composite tubing, semi-finished ingots and blooms, and billets; hydraulic and instrumentation tubing, heat exchangers tubing, process piping, high-temperature applications, and high-pressure equipment for chemical and petrochemical processes; metallic and ceramic heating elements, and diffusion cassettes; and lithium-ion batteries, ceramics and steels, and various electronic appliances. It also provides stainless steel for razor blades, knives, cutting tools, compressor valve steel, and heating material; ultra fine wire and wire based components for glucose monitors, pacemakers, neurostimulation, precision strip steel, and small diameter tubing; stainless steel and titan tubes for use in aircraft hydraulic systems and jet engines, as well as gasoline direct injection tubes for cars and trucks; drill steel for hydraulic rock drilling rigs in mines and infrastructure construction works; steam generator tubing; cladding tubes; nuclear tubes and pipes; and tubes for hydrogen applications, concentrated solar power, geothermal energy, bioenergy and biofuels, offshore wind, carbon capture and storage, and coated strip steel for fuel cells and electrolyzers. The company serves oil and gas, industrial, chemical and petrochemical, industrial heating, medical, transportation, mining and construction, nuclear, and hydrogen and renewable energy industries. The company was founded in 1862 and is headquartered in Sandviken, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Alleima AB (publ) reported revenue of 18.6B SEK in FY2025 versus 13.8B SEK in FY2021, a compound +7.7%/yr. Reported net income was 671M SEK in FY2025, compounding −13.6%/yr from FY2021.
ALLEI screens 94% overvalued. Compare with Nucor Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Alleima AB (SAMHF) Q2 2026 Earnings Call Highlights: Record Orders and Strategic Growth Amid ...
- Alleima AB (SAMHF) Q1 2026 Earnings Call Highlights: Navigating Market Challenges with ...
- Alleima AB (SAMHF) Q4 2025 Earnings Call Highlights: Resilience Amidst Challenges
- Aerospace Tubes Market Analysis Report 2025-2032 Featuring Top Players - Arconic, Alleima, Ametek, Constellium, and VSMPO-AVISMA
Peer Group
Steel · 398 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.
Valuation Multiples vs Steel median · lower = cheaper
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.
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.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nucor Corporation NUE | $250.50 | $116.05 | −54% |
| ArcelorMittal S.A MT | €64.60 | €46.04 | −29% |
| JSW Steel Limited JSWSTEEL | ₹1,296 | ₹1,119 | −14% |
| Steel Dynamics, Inc STLD | $234.67 | $127.14 | −46% |
| 500228 500228 | ₹1,292 | ₹1,079 | −16% |
| Tata Steel Limited TATASTEEL | ₹186.80 | ₹145.39 | −22% |
| Reliance, Inc RS | $387.59 | $217.81 | −44% |
| Baoshan Iron & Steel Co 600019 | ¥5.91 | ¥8.07 | +37% |
| POSCO Holdings PKX | $63.13 | $85.21 | +35% |
| Jindal Steel & Power Limited JINDALSTEL | ₹1,114 | ₹429.44 | −61% |
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