4 models fit Alfa Laval AB (publ) and they disagree: 1 of 4 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Bronze45
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionAlfa Laval AB (publ) (ALFA.ST)
Fair value (4 models)
kr 343
ACCE price target
kr 546
Rating
Overvalued
Horizon
12 months
Fair value published on 22 Oct 2026, 12:04 CEST.
ACCE price target published on 22 Oct 2026, 16:00 CEST.
Rating published on 22 Oct 2026, 12:04 CEST.
Price used: kr 540 at the close on 23 Oct 2026, 17:30 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
57.3% above
-36.4% to fair value
ACCE score
55
out of 100
P/E
27.2x
forward 24.6x
1-year return
+16.7%
Dividend yield
1.66%
Alfa Laval AB (publ) in four questions
Plain answers, details below
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Overview
ACCE thesis
Alfa Laval makes plate heat exchangers, separators, pumps and valves, with a large share of revenue tied to marine systems and process industries such as food, energy and water treatment. Its moat rests on installed-base aftermarket service and proprietary plate and separator designs that are costly for customers to requalify, which supports a 36.3% gross margin. Revenue growth of 7.7% and a 16.2% operating margin point to a business that is compounding while keeping pricing power, and the stock at 27.3x trailing and 24.7x forward earnings is priced for that continuity. The 19.1% ROE shows the capital base is being used productively. The multiple is full, so the case for a closer look depends on whether margins hold through the next cycle in shipping and industrial capex.