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.
Dustin Group AB is a Sweden-based holding company specializing in the online distribution of information technology products and services across the Nordic and Benelux regions. Founded in 1984 as a mail-order business for computer accessories in Stockholm, it pioneered early e-commerce in Scandinavia by the mid-1990s, evolving into a leading B2B IT reseller serving small and medium-sized businesses (SMB), large corporate and public sectors (LCP), and business-to-consumer (B2C) customers. The company offers a broad assortment including hardware like laptops, smartphones, servers, and peripherals from brands such as HP, Dell, Apple, Cisco, and Microsoft, alongside software, cloud solutions, device lifecycle services, configuration, deployment, and managed services. With approximately 2,115 employees and fiscal 2024 sales totaling around 23-24 billion SEK, primarily from the Netherlands, Sweden, Norway, Denmark, Finland, and Belgium, Dustin Group AB drives digital procurement through high-velocity online platforms, transparent pricing, and strong vendor partnerships. Listed since 2015, it plays a key role in streamlining IT procurement for enterprises and public sectors amid hybrid work, security, and cloud transitions.
kr 0.14
kr 0.00 (-1.25%)
EOD Jun 23, 2026 · Twelve Data
Operating margin is thin at 1.74%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 8.9% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 126% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -kr 98M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 21.54B
▼ -8.9% YoY
Net Income (TTM)
-kr 2.57B
▼ -69.5% YoY
Op. Margin
0.86%
▼ -0.6pp YoY
ROIC
1.66%
▼ -2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 512M
▼ -125.9% YoY
Op. Cash Flow (TTM)
kr 591M
▼ -80.0% YoY
Net Debt
kr 3.30B
Cash & Equiv.
kr 884M
3Y CAGR: +12.6%
Continue Research
Dustin Group AB (DUST.XSTO) trades below a two-stage DCF intrinsic value of about SEK 16.61 per share, so at SEK 0.14 the stock looks undervalued (11,610.4% 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, Dustin Group AB scores 41/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. 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 SEK 16.61 per share for DUST.XSTO, 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 SEK 12.45. At today's SEK 0.14, that puts the stock about 11,610.4% 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.
Dustin Group AB scores 41 out of 100 on Intrinsiqq's quality score, passing 2 of 7 checks, which makes it a mixed business on these measures. Recent fundamentals include a 0.9% operating margin and a 1.7% 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 check-by-check breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. DUST.XSTO currently trades below its estimated intrinsic value and scores 41/100 on quality (mixed). 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.