Atrium Ljungberg stock: fair value
ATRLJ-B.STThe fair value of Atrium Ljungberg under our model is $1.71, the price is 30% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly overvaluedIn our model the price counts as cheap below $1.22 and expensive above $2.85 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $2.32 (cash-flow model) and $1.10 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 9.6%. At 10.6% the fair value would be $1.57, at 8.6% it would be $1.89.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (11.5).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.2%. Discounted at 9.6% (government bond yield 2.2% plus beta 1.75 times a risk premium of 4.2%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $2.32 per share: free cash flow for the next ten years, each year discounted to today at 9.6%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 9.6%) |
|---|---|---|---|---|
| 2026 | $115.92M | extrapolated at −1.6% | 0.9127 | $105.8M |
| 2027 | $115.37M | extrapolated at −0.5% | 0.8330 | $96.11M |
| 2028 | $115.74M | extrapolated at 0.3% | 0.7603 | $88M |
| 2029 | $116.76M | extrapolated at 0.9% | 0.6939 | $81.03M |
| 2030 | $118.24M | extrapolated at 1.3% | 0.6334 | $74.89M |
| 2031 | $120.07M | extrapolated at 1.5% | 0.5781 | $69.41M |
| 2032 | $122.15M | extrapolated at 1.7% | 0.5276 | $64.45M |
| 2033 | $124.43M | extrapolated at 1.9% | 0.4816 | $59.92M |
| 2034 | $126.87M | extrapolated at 2.0% | 0.4395 | $55.76M |
| 2035 | $129.44M | extrapolated at 2.0% | 0.4012 | $51.93M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $747.29M |
| Terminal value: cash flow 2035 × (1 + 2.2%) / (9.6% − 2.2%) | $1.79B |
| Present value of terminal value (× 0.4012) | $718.52M |
| Equity value (sum plus present value of terminal value) | $1.47B |
| Shares (diluted) | 630.53M |
| Value per share (equity value divided by shares) | $2.32 |
| Earnings per share, last twelve months | $0.10 |
| × 11.5 (industry P/E) | $1.10 |
| Fair value (average of both parts) | $1.71 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = SEK 9.9729)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 6 Mar 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.