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.
Terranor Group AB (publ) specializes in providing comprehensive operations and maintenance services for road infrastructure across Scandinavia. As a leading player in the sector with established operations in Sweden, Finland, and Denmark, the company maintains and services both state and municipal road networks, supporting safe and efficient transportation year-round. Terranor’s service portfolio covers essential road maintenance activities such as snow removal, anti-slip protection, summer repairs, asphalt works, road markings, cleaning, and green area upkeep. It also manages light infrastructure projects and offers traffic safety solutions, catering primarily to government entities while also serving private customers. Since its establishment as a stand-alone entity in 2020/2021 and following strategic expansion—including the acquisition of Danish operations—Terranor Group has achieved significant growth and profitability, marked by a diversified contract base and a robust presence in the Nordic region. The company’s market significance lies in its role as a critical infrastructure partner, addressing the increasing demands of urbanization, rising traffic volumes, and stringent safety and environmental standards, thus contributing to the long-term development and reliability of regional transportation networks.
€2.94
+€0.00 (+0.00%)
Live · 06:29 PM · Twelve Data
Operating margin is thin at 0.25%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 14.5%, still solid.
ROIC dropped from 13.60% to 1.15%, capital efficiency is deteriorating.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 3.77B
▲ +14.5% YoY
Net Income (TTM)
-kr 16M
▼ -137.3% YoY
Op. Margin
0.59%
▼ -1.9pp YoY
ROIC
1.15%
▼ -12.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 97M
▲ +130.7% YoY
Op. Cash Flow (TTM)
kr 218M
▲ +106.1% YoY
Net Debt
kr 373M
Cash & Equiv.
kr 77M
Continue Research
Terranor Group AB (publ) (TERNOR.XSTO) trades below a two-stage DCF intrinsic value of about SEK 64.54 per share, so at SEK 2.94 the stock looks undervalued (2,095.3% 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, Terranor Group AB (publ) scores 39/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. 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 64.54 per share for TERNOR.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 48.41. At today's SEK 2.94, that puts the stock about 2,095.3% 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.
Terranor Group AB (publ) scores 39 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 0.6% operating margin and a 1.1% 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.
That depends on valuation and quality together, not either alone. TERNOR.XSTO currently trades below its estimated intrinsic value and scores 39/100 on quality (lower-quality). 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.