Fenix Outdoor International stock: fair value
FOI-B.STThe fair value of Fenix Outdoor International under our model is $30.47, the price is 8% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $21.76 and expensive above $50.78 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $44.11 (cash-flow model) and $16.83 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 7.9%. At 8.9% the fair value would be $27.23, at 6.9% it would be $35.06.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (22.8).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.1%. Discounted at 7.9% (government bond yield 2.1% plus beta 1.36 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 $44.11 per share: free cash flow for the next ten years, each year discounted to today at 7.9%, 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 7.9%) |
|---|---|---|---|---|
| 2026 | $36.91M | extrapolated at −1.8% | 0.9269 | $34.21M |
| 2027 | $36.69M | extrapolated at −0.6% | 0.8592 | $31.53M |
| 2028 | $36.78M | extrapolated at 0.2% | 0.7964 | $29.29M |
| 2029 | $37.07M | extrapolated at 0.8% | 0.7382 | $27.37M |
| 2030 | $37.52M | extrapolated at 1.2% | 0.6842 | $25.67M |
| 2031 | $38.08M | extrapolated at 1.5% | 0.6342 | $24.15M |
| 2032 | $38.72M | extrapolated at 1.7% | 0.5879 | $22.76M |
| 2033 | $39.42M | extrapolated at 1.8% | 0.5449 | $21.48M |
| 2034 | $40.18M | extrapolated at 1.9% | 0.5051 | $20.29M |
| 2035 | $40.97M | extrapolated at 2.0% | 0.4682 | $19.18M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $255.94M |
| Terminal value: cash flow 2035 × (1 + 2.1%) / (7.9% − 2.1%) | $728.55M |
| Present value of terminal value (× 0.4682) | $341.09M |
| Equity value (sum plus present value of terminal value) | $597.04M |
| Shares (diluted) | 13.54M |
| Value per share (equity value divided by shares) | $44.11 |
| Earnings per share, last twelve months | $0.74 |
| × 22.8 (industry P/E) | $16.83 |
| Fair value (average of both parts) | $30.47 |
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, $1 = €0.9024)
- 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 Feb 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.