Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Anora Group Oyj is a leading Nordic wine and spirits brand house, formed in 2021 through the merger of Finland's Altia Group and Norway's Arcus Group, and headquartered in Helsinki, Finland. The company produces, imports, markets, distributes, and sells a broad portfolio of alcoholic beverages across the Nordics, Baltic countries, Europe, and over 30 international markets, operating through three main segments: Wine, Spirits, and Industrial. Iconic own brands include Koskenkorva vodka, Linie Aquavit, O.P. Anderson Aquavit, Skagerrak gin, Blossa glögg, Chill Out, Ruby Zin, Wongraven, and Falling Feather wines, complemented by partner brands such as Masi, Penfolds, Jose Cuervo, and Louis Roederer. The Industrial segment specializes in barley-based products like technical ethanol, neutral potable ethanol, barley starch, and contract manufacturing from facilities in Koskenkorva and Rajamäki, Finland. With approximately 1,200 employees across Northern Europe and Germany, Anora serves alcohol retail monopolies, wholesalers, restaurants, grocery stores, and industrial clients. In 2024, it reported net sales of EUR 692 million, positioning it as a market leader in the stable Nordic beverages industry and a global forerunner in sustainability with science-based emission reduction targets.
€3.33
€0.04 (-1.34%)
EOD Jul 1, 2026
Operating margin is thin at 4.54%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 4.9% YoY. The question is whether this is cyclical or a structural shift.
At 48x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
47.5x earnings, 3.0x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€652M
▼ -4.9% YoY
Net Income (TTM)
€5M
▼ -48.6% YoY
Op. Margin
4.26%
▼ -0.2pp YoY
ROIC
3.04%
▼ -0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€75M
▲ +79.9% YoY
Op. Cash Flow (TTM)
€87M
▲ +78.6% YoY
Net Debt
€102M
Cash & Equiv.
€183M
3Y CAGR: -2.2%
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At a P/E of 47.5 and a price-to-free-cash-flow of 3.0, Anora Group Oyj (ANORA.XHEL) trades below a two-stage DCF intrinsic value of about €30.52 per share, so at €3.33 the stock looks undervalued (817.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Anora Group Oyj scores 34/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 6.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €30.52 per share for ANORA.XHEL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €22.89. At today's €3.33, that puts the stock about 817.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Anora Group Oyj scores 34 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 4.3% operating margin and a 3.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Anora Group Oyj pays a regular dividend of about €0.22 per share per year (typically in quarterly installments), a yield of roughly 6.7% at the current price. That is a payout ratio of about 288.5% of earnings, so the dividend is stretched at this level. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For ANORA.XHEL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. ANORA.XHEL currently trades below its estimated intrinsic value and scores 34/100 on quality (lower-quality). It also yields about 6.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.