AFRY: Strengthening Backlog And Restructuring Will Drive Recovery Momentum

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

11 Feb 25

Updated

16 Dec 25

Views

82

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-5.1%

7D

-3.1%

Loading

1Y

-5.1%

7D

-3.1%

You can edit this narrative until Dec 17 3:15 AM. Then, changes will post as Updates.

Author's Valuation

SEK 203.7528.9% undervalued

AnalystConsensusTarget Fair Value

Shared on 16 Dec 25

AFRY: Backlog And Restructuring Will Drive Future Earnings Visibility And Upside

Analysts have modestly reduced their Afry price target to SEK 210 from SEK 240, citing a slower recovery and more gradual margin improvement. They emphasize that a solid backlog, ongoing restructuring, and strategic project wins support the longer term earnings outlook.

Shared on 01 Dec 25

AFRY: Earnings Visibility Will Strengthen As Backlog Drives Momentum

Analysts have revised Afry's price target downward from SEK 240 to SEK 210, citing expectations of a slower recovery and more gradual margin improvement. They also note improving earnings visibility from a strengthening backlog and strategic wins.

Shared on 17 Nov 25

AFRY: Earnings Momentum Will Build As Project Backlog Supports Recovery

Afry's analyst price target has been lowered by SEK 30 to SEK 210. Analysts cite expectations for a slower recovery pace and more gradual margin improvement, while maintaining confidence in the company's long-term strategy.

Shared on 03 Nov 25

Fair value Decreased 4.68%

Afry's analyst price target has been revised downward from SEK 213.75 to SEK 203.75. This reflects a more cautious outlook as analysts anticipate a slower recovery and more gradual margin improvement, despite ongoing positive developments in the company's backlog and restructuring efforts.

Shared on 01 May 25

Fair value Decreased 12%

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Increased 3.39%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 0.53%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 13 Mar 25

Fair value Increased 1.87%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget Fair Value

SEK 203.75

28.9% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

3.10%

Professional Services revenue growth rate

0.22%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

5.98%

Calculation

SEK 2.01b

Earnings '28

x

13.60x

PE Ratio '28

=

SEK 27.38b

Market Cap '28

SEK 27.38b

Market Cap '28

/

113.25m

No. shares '28

=

SEK 241.80

Share Price '28

SEK 241.80 Share Price '28

Discounted to 2025 @ 5.95% p.a.

=

SEK 203.30

Fair Value '25