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.
Vestum AB (publ) is a Sweden-based industrial group specializing in services and products for civic infrastructure, operating primarily in Scandinavia, the United Kingdom, and Germany. The company focuses on acquiring and developing entrepreneur-driven niche businesses to become the leading Northern European player in sustainable infrastructure solutions. Its operations are structured into three core segments: Infrastructure, which provides specialized services in railway maintenance, water and sewage systems, foundation work, and concrete renovations; Water, offering water pumping, distribution, wastewater management, and products like filters, pumps, and irrigation systems; and Services, handling installations and maintenance of HVAC, electricity, ceiling systems, climate control, and technical insulation for property owners. With over 1,500 employees and a decentralized model emphasizing sustainability and regional market strength, Vestum AB (publ) supports resilient societies by addressing urbanization, climate challenges, and essential infrastructure needs through long-term value creation and expert-driven innovation.
kr 1.40
+kr 0.04 (+2.80%)
EOD Jun 26, 2026 · Twelve Data
Operating margin is thin at 2.57%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 11.1% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 31% versus the prior year, cash generation momentum has weakened. Net debt of kr 1.92B represents 8.3x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 3.70B
▼ -11.1% YoY
Net Income (TTM)
-kr 365M
▲ +30.3% YoY
Op. Margin
3.08%
▼ -1.4pp YoY
ROIC
1.31%
▼ -0.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 287M
▼ -30.6% YoY
Op. Cash Flow (TTM)
kr 365M
▼ -19.0% YoY
Net Debt
kr 1.92B
Cash & Equiv.
kr 177M
3Y CAGR: -9.9%
3Y CAGR: -14.0%
Continue Research
Vestum AB (publ) (VESTUM.XSTO) trades below a two-stage DCF intrinsic value of about SEK 8.07 per share, so at SEK 1.40 the stock looks undervalued (478.4% 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, Vestum AB (publ) scores 18/100 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 8.07 per share for VESTUM.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 6.06. At today's SEK 1.40, that puts the stock about 478.4% 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.
Vestum AB (publ) scores 18 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 3.1% operating margin and a 1.3% 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. VESTUM.XSTO currently trades below its estimated intrinsic value and scores 18/100 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.