Rejlers stock: fair value
REJL-B.STThe fair value of Rejlers under our model is $26.40, the price is 46% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $18.86 and expensive above $44.01 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $35.26 (cash-flow model) and $17.55 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 7.2%. At 8.2% the fair value would be $23.39, at 6.2% it would be $30.92.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (23.7).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.2%. Discounted at 7.2% (floor: government bond yield 2.2% plus 5 percentage points, since beta 0.8 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $35.26 per share: free cash flow for the next ten years, each year discounted to today at 7.2%, 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 7.2%) |
|---|---|---|---|---|
| 2026 | $32.84M | extrapolated at 13.0% | 0.9330 | $30.64M |
| 2027 | $36.04M | extrapolated at 9.7% | 0.8705 | $31.37M |
| 2028 | $38.73M | extrapolated at 7.5% | 0.8122 | $31.46M |
| 2029 | $41.01M | extrapolated at 5.9% | 0.7578 | $31.08M |
| 2030 | $42.97M | extrapolated at 4.8% | 0.7070 | $30.38M |
| 2031 | $44.69M | extrapolated at 4.0% | 0.6597 | $29.48M |
| 2032 | $46.23M | extrapolated at 3.5% | 0.6155 | $28.45M |
| 2033 | $47.65M | extrapolated at 3.1% | 0.5742 | $27.36M |
| 2034 | $48.98M | extrapolated at 2.8% | 0.5358 | $26.24M |
| 2035 | $50.27M | extrapolated at 2.6% | 0.4999 | $25.13M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $291.59M |
| Terminal value: cash flow 2035 × (1 + 2.2%) / (7.2% − 2.2%) | $1.03B |
| Present value of terminal value (× 0.4999) | $513.48M |
| Equity value (sum plus present value of terminal value) | $805.07M |
| Shares (diluted) | 22.84M |
| Value per share (equity value divided by shares) | $35.26 |
| Earnings per share, last twelve months | $0.74 |
| × 23.7 (industry P/E) | $17.55 |
| Fair value (average of both parts) | $26.40 |
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 Neutral, published since 7 Nov 2026 (in the score history since 15 Oct 2026)
- Valuation signal Undervalued 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.