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AQ.ST

AQ Group AB (publ) (AQ.ST) fair value

Industrials · Electrical Equipment & Parts · Nasdaq Stockholm · Sweden
kr 226.60+0.18%
Market cap kr 20.8BNext earnings 2027-02-11Updated Oct 22, 2026
Add earnings to calendarGoogle
Our verdict
Trades 54% above our fair value
Price
kr 226.60
Model fair valueConfidence: good
kr 148
Model range
kr 92.27 to kr 196
Fair value kr 148
Price kr 227
4 models fit AQ Group AB (publ) and they partly agree: 2 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)Silver68
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionAQ Group AB (publ) (AQ.ST)
Fair value (4 models)
kr 148
ACCE price target
kr 246
Rating
Overvalued
Horizon
12 months
Fair value published on 22 Oct 2026, 14:04 CEST.
ACCE price target published on 23 Oct 2026, 01:53 CEST.
Rating published on 22 Oct 2026, 14:04 CEST.
Price used: kr 227 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
Full methodology
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
53.6% above
-34.9% to fair value
ACCE score
71
out of 100
P/E
27.3x
forward 13.8x
1-year return
+22.6%
Dividend yield
0.80%

AQ Group AB (publ) in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

AQ Group makes precision-engineered components and mechanical systems, most visibly its industrial gears, couplings and electric-drive parts sold into electrification and heavy-vehicle programs. The moat is in the qualification process: customers design AQ parts into long-life platforms, which makes switching costly once a part is specified in. Revenue grew 21.3% in the latest reported period, and the electrification of vehicles and industrial equipment should keep pulling demand for this kind of content. The stock trades at 27.3 times trailing earnings but 13.8 times forward, so the market is pricing a sharp step-up in earnings that the company has yet to deliver. With a 50.5% gross margin against a 10.1% operating margin, the gap is where the diligence should focus: how much of that spread is recoverable as volumes scale, and how much is overhead the company is still carrying.

AI-assisted·How I use AIWritten Oct 23, 2026

Next results

Feb 11, 2027
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

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Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where AQ.ST's valuation models land
Price
kr 226.60
Model fair value
kr 148
Model range
kr 92.27 to kr 196
Fair value kr 148
Price kr 227
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
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Compare

Where it sits vs peers

News and Record

Recent performance

1 week
-5.6%
1 month
-4.1%
3 months
+7.6%
6 months
+4.2%
YTD
+14.9%
1 year
+22.6%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:53 CESTACCE price targetkr 246first publicationkr 226
22 Oct 2026, 14:04 CESTFair valuekr 148first publicationkr 235
22 Oct 2026, 14:04 CESTRatingOvervaluedfirst publicationkr 235

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in SEK. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth88Value53Quality72Momentum70Total71
Valuation
Trailing P/E
27.3x
Forward P/E
13.8x
PEG
0.82
P/B
4.30x
EV / Revenue
2.3x
Book value/sh
kr 58.08
Enterprise value
kr 21.3B
Profitability
ROE
15.2%
FCF yield
3.27%
ROIC
10.6%
Health and risk
Debt / equity
0.12
Dividend yield
0.80%
Beta
0.63

Price

+18.6% · 1Y

Ask anything about AQ.ST

Answered from AQ Group AB (publ) fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 50% of peers
low 0.0x27.3xhigh 44.9x
ROEbetter than 100% of peers
low -145%15%high 15%
Div yieldbetter than 50% of peers
low 0.0%0.8%high 11.1%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
AQ.ST AQ Group AB (publ)kr 226.60kr 14854% above27.3x15.2%7271
LIGHT.AS Signify N.V.€15.19€2024% below11.9x6.0%5244
6526.T Socionext Inc.¥1755.50--40.5x6.0%4443
PLUG Plug Power Inc. Common Stock$1.38----145.0%2217
LAND.SW Landis+Gyr Group AGCHF 51.60CHF 3837% above44.9x3.4%4758
HAYW Hayward Holdings Inc. Common Stock$12.67$134% below16.5x10.4%7454
PLPC Preformed Line Products Company Common Stock$329.37$146126% above37.1x9.0%6068

Sector report card

Where AQ.ST ranks against its sector peers on each metric.

Computing percentiles…