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CEDER.ST

Cedergrenska AB (publ) (CEDER.ST) fair value

Consumer Defensive · Education & Training Services · Nasdaq Stockholm · Sweden
kr 44.40+0.91%
Market cap kr 562MUpdated Oct 22, 2026
Our verdict
No fair value
We are missing the financial data our models need for this company. It will appear once the data arrives.
Not valued: the share count could not be verified against reported earnings.
ACCE opinionCedergrenska AB (publ) (CEDER.ST)
Fair value
Not available
ACCE price target
kr 49.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 23 Oct 2026, 01:52 CEST.
Price used: kr 44.40 at the close on 23 Oct 2026, 17:30 CEST.
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
ACCE score
67
out of 100
P/E
6.4x
forward 23.0x
1-year return
+18.7%
Dividend yield
4.32%

Cedergrenska AB (publ) in four questions

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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Cedergrenska runs a Swedish education and training business, and the numbers here are an unusual mix: revenue growing 14.5%, a 31.1% gross margin, but only a 2.5% operating margin, which says most of the gross profit is being consumed by overhead or acquisition-related costs. The trailing P/E of 6.4 looks cheap against a forward P/E of 22.8, a gap that usually means earnings are depressed or lumpy and the market is not giving full credit for a recovery, so the first question is whether the trailing figure reflects one-offs. A 15.3% ROE on a company this small is respectable and worth checking against how much of it comes from leverage. At a 557M SEK market cap with no index membership, the name is thinly followed, which can produce mispricing but also liquidity constraints. The next step is to rebuild operating margin by segment and see whether the gap between gross and operating margin is structural or temporary.

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

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Valuation

INVESTOR
Where CEDER.ST's valuation models land
Price
kr 44.40
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Quality

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Where it sits vs peers

News and Record

Recent performance

1 week
-1.6%
1 month
-1.3%
3 months
-5.3%
6 months
+12.1%
YTD
-9.0%
1 year
+18.7%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:52 CESTACCE price targetkr 49.00first publicationkr 44.00

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

Growth76Value72Quality43Momentum77Total67
Valuation
Trailing P/E
6.4x
Forward P/E
23.0x
PEG
0.17
P/B
4.43x
EV / Revenue
0.4x
Book value/sh
kr 10.15
Enterprise value
kr 630M
Profitability
ROE
15.3%
FCF yield
11.74%
ROIC
5.9%
Health and risk
Debt / equity
1.45
Dividend yield
4.32%
Beta
0.61

Price

+18.7% · 1Y

Ask anything about CEDER.ST

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

This stock Peer Peer median weaker → stronger
P/Ebetter than 25% of peers
low 0.0x6.4xhigh 19.0x
ROEbetter than 83% of peers
low -440%15%high 35%
Div yieldbetter than 100% of peers
low 0.0%4.3%high 4.3%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
CEDER.ST Cedergrenska AB (publ)kr 44.40--6.4x15.3%4367
IH iHuman Inc. American depositary shares each representing five Class A ordinary shares$1.14--19.0x2.6%5437
SKIL Skillsoft Corp. Class A Common Stock$5.27----439.6%3434
AACG ATA Creativity Global American Depositary Shares$0.73----86.1%4335
CHGG Chegg Inc. Common Stock$0.70----38.3%4334
JDZG JIADE LIMITED Class A Ordinary Shares$6.56----11.0%4340
STG Sunlands Technology Group American Depositary Shares representing Class A ordinary shares$2.44--0.7x34.9%9354

Sector report card

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

Computing percentiles…