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AB SKF (publ) (SKF-B) Fair Value & Analysis

Industrials · SE · Market cap 119B SEK

AS AB SKF (publ) SKF-B · ST
Pricekr 261.30
Fair Valuekr 248.65
Upside-4.8%
Quality62/100
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Mixed Growth
Thin margins · 4.2% net margin
Low debt · generates free cash flow
2.99% dividend yield
Mixed vs. peers (7/15)
Moderate moat 49/100
Evidence: High Range kr 154.69 – kr 312.14 Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from kr 192.57 to kr 248.65 (+29.1%) since Jul 16, 2026. Share price +0.9% over the past month.

A solid business, currently priced close to our fair value.

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 154.69 to kr 312.14) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 266.50 kr 128.09 Fair Value kr 248.65 May 2021 Aug 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 128.09 – kr 266.50 · fair‑value band kr 154.69 – kr 312.14 · the kr 261.30 price screens above the kr 248.65 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

AB SKF (publ) (SKF-B) currently trades at kr 261.30, while our model-based Fair Value estimate is kr 248.65, implying the stock looks roughly 4.8% fairly valued today. The Quality Score stands at 62/100 (solid 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, AB SKF (publ) generated revenue of 89.5B SEK at a net margin of 4.2%. Revenue declined 8.7% year over year. It earns a return on equity of 6.8%. Net debt stands at 6.2B SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 154.69 (bear case) to kr 312.14 (bull case); at kr 261.30, 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades near its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -5%, SKF-B 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
Growth DCF kr 111.74 kr 161.09 kr 229.10 80
Residual Income kr 102.74 kr 108.77 kr 118.57 76
Rev-Margin DCF kr 131.17 kr 212.17 kr 299.84 74
All 23 models by family
DCF Models
FCF DCF kr 108.63 kr 162.24 kr 239.72 38
Owner Earnings kr 112.65 kr 168.14 kr 248.31 31
5Y Revenue Exit kr 131.17 kr 211.70 kr 312.06 39
5Y EBITDA Exit kr 190.57 kr 318.39 kr 463.19 41
5Y P/E Exit kr 116.34 kr 185.06 kr 254.09 38
10Y Revenue Exit kr 117.05 kr 187.65 kr 277.23 36
10Y EBITDA Exit kr 158.97 kr 260.14 kr 388.35 37
10Y P/E Exit kr 112.40 kr 169.55 kr 234.61 35
Earnings-Based
Graham-Dodd kr 62.62 kr 156.13 kr 202.52 54
PEG = 1.0 kr 28.49 kr 40.70 kr 52.91 46
EPV kr 112.19 kr 132.00 kr 149.33 59
Multiples
P/E Multiple kr 145.04 kr 193.39 kr 241.74 63
P/S Multiple kr 117.41 kr 156.55 kr 195.69 58
P/B Multiple kr 117.41 kr 156.55 kr 195.69 55
EV/EBIT kr 217.51 kr 292.24 kr 366.97 53
EV/EBITDA kr 270.48 kr 362.87 kr 455.26 54
EV/Revenue kr 153.33 kr 221.91 kr 290.48 43
Asset-Based
NCAV (Graham) kr 62.80 kr 84.15 kr 125.60 50
Growth DCF
Growth DCF kr 111.74 kr 161.09 kr 229.10 80
Rev-Margin DCF kr 131.17 kr 212.17 kr 299.84 74
Economic Profit
Residual Income kr 102.74 kr 108.77 kr 118.57 76
ROIC Compounder kr 112.19 kr 134.69 kr 165.50 72
Growth Earnings
Growth-Adj P/E kr 111.68 kr 159.55 kr 207.41 68

Widest divergence: Multiples (kr 193.39) versus Asset-Based (kr 84.15). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 89.5B SEK
Revenue growth (YoY) -8.7%
Net margin 4.2%
Return on equity 6.8%
Free cash flow 4.6B SEK FY2025
P/E ratio 31.8 as of Jul 16, 2026
More key figures
Operating margin 12.1%
EPS (TTM) kr 8.24
Dividend yield 3.0%
EPS growth (YoY) -9.5%
Net debt 6.2B SEK FY2025

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 59 · Market factors (momentum, volatility) 62

Profitability 41
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 69
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

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive.

Full company description

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products. It provides application engineering services consisting of technical consultancy, numerical simulation and design, and root cause analysis; asset management services, such as assessment and benchmarking, maintenance strategy review, spare parts and inventory management, and lubrication management; condition-based maintenance, including vibration analysis and diagnostics, thermography, lubrication analysis, and condition monitoring system installation; mechanical maintenance comprising mounting and dismounting, precision alignment, and balancing; remanufacturing and customization; and training solutions, which include instructor-led training, e-learning courses, and webinar recordings. It serves the aerospace, agriculture, automotive, construction, food and beverage, general machinery, machine tools, marine, material handling, metals, mining, mineral processing, ocean energy, pulp and paper, railways, and wind industries. The company was incorporated in 1907 and is headquartered in Gothenburg, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AB SKF (publ) reported revenue of kr 91.6B in FY2025 versus kr 81.7B in FY2021, a compound +2.9%/yr. Reported net income was kr 3.9B in FY2025, compounding −14.4%/yr from FY2021.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
91.6B SEK
Latest YoY
−7.2%
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.
−1.9%
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.
+4.1%
Avg. growth/yr (29Y) 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.
+3.5%
Revenue +2.9%/yr
FY21 kr 81.7B
FY22 kr 96.9B
FY23 kr 104B
FY24 kr 98.7B
FY25 kr 91.6B
Net income −14.4%/yr
FY21 kr 7.3B
FY22 kr 4.5B
FY23 kr 6.4B
FY24 kr 6.5B
FY25 kr 3.9B
Character of growth · EPS growth decomposed (2014-2025) +3.4 % p.a.
Revenue per share +3.3 pp

of which total revenue +3.3 pp · buybacks/dilution +0.0 pp

EBIT margin −0.3 pp
Tax rate +0.7 pp
Residual (interest, one-offs) −0.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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

Peer Group

Tools & Accessories · 122 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 62 · Above median
Fair Value upside −5% · Above median
Return on equity (TTM) 7% · Below median
Return on assets 4% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 12% · Above median
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 3.0% · Top 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 31.8× · Pricier than median
P/B 2.23× · Pricier than median
P/S (TTM) 1.33× · Pricier than median
P/FCF 2.7× · Pricier than median
EV/EBITDA 12.6× · Cheaper than median
PEG 0.66× · 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 27 · sector 4
FUTURE 0 · sector 14
PAST 27 · sector 29
HEALTH 89 · sector 97
DIVIDEND 60 · sector 35

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 Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Techtronic Industries Company 0669 HK$144.80 HK$78.62 -46%
Snap-on Incorporated SNA $408.44 $344.67 -16%
RBC Bearings Incorporated RBC $555.65 $179.94 -68%
Lincoln Electric Holdings LECO $286.97 $151.86 -47%
Stanley Black & Decker, Inc SWK $102.90 $52.80 -49%
The Timken Company TKR $130.25 $64.85 -50%
The Toro Company TTC $97.92 $69.71 -29%
Hangzhou Greatstar Industrial Co 002444 ¥30.08 ¥30.38 +1%
Hiwin Technologies Corporation 2049 381.00 TWD 73.32 TWD -81%
Precision Tsugami (China) Corporation 1651 HK$52.00 HK$55.75 +7%

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Frequently asked questions

Is AB SKF (publ) (SKF-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 248.65 versus a price of kr 261.30, about −5% (fairly valued).
What is the fair value of SKF-B?
Our model-based fair value for AB SKF (publ) is kr 248.65 (as of Aug 13, 2026), built from audited fundamentals. The current price is kr 261.30.
What is the quality score of SKF-B?
AB SKF (publ) has a Quality Score of 62/100. 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 AB SKF (publ) (SKF-B)?
AB SKF (publ) reported trailing-twelve-month revenue of about 89.5B SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SKF-B?
The net profit margin of AB SKF (publ) is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does AB SKF (publ) pay a dividend?
AB SKF (publ) currently shows a dividend yield of about 3.15% relative to its recent price (as of Aug 13, 2026).

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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