INVE_BInvestor AB

NORDIC
431.75
EUR
Analysis Scores
Lothien Robustness Score?
76/100
Very Strong
Neden bu skor?
Damodaran ?
47/100
ROIC banka/finans için tanımsız — mevduat/prim fonlaması borç değil hammaddedir; değerleme öz-sermaye (P/DD) tabanlı yapılır
Dalio Risk ?
79/100
Piotroski ?
2/9
Weak
Previous period ROA data missing (C1 delta-ROA); Operating cash flow data missing (C3, C4); Current ratio data missing (C6); gross profit data missing → margin comparison unavailable (C8); Banka/finans: kaldıraç/cari-oran/marj kriterleri uygulanamaz, skor kalan kriterlere göre normalize edildi
Graham ?
€66.5
Pahalı
Active Metric?
4/4
Confidence?
72%
Lothien Robustness Summary
82/100
Lothien Sağlamlık: Çok Güçlü (82/100)
Temel göstergelerin büyük çoğunluğu pozitif. Kârlılık, büyüme ve değerleme açısından güçlü görünüm. | Kısa Vade: Olumlu | Uzun Vade: Olumlu | Pozitif: 9 | Negatif: 2 | Nötr: 2
Net Kâr Pozitif
Son çeyrekte €10.4B net kâr açıklandı. Şirket kârlı.
Çeyreklik Kâr Artışı
Net kâr bir önceki çeyreğe göre %+111.7 arttı (€4.9B → €10.4B). Kısa vadede olumlu momentum.
Yıllık Kâr Büyümesi Güçlü
Geçen yılın aynı dönemine göre net kâr %+158.9 arttı. Büyüme trendi sağlıklı.
4 Çeyrek Üst Üste Artış
Son 4 çeyrek üst üste kâr artıyor. Güçlü yukarı trend devam ediyor.
Hasılat Büyümesi Güçlü
Satış gelirleri çeyreklik %+86.2 arttı (€6.3B → €11.8B). Talep güçlü.
Yıllık Hasılat Büyümesi Güçlü
Yıllık hasılat %+124.1 arttı. Şirket büyüyor.
Yüksek Net Kâr Marjı
Net kâr marjı %88.3. Her 100€ satıştan 88€ kâr kalıyor.
Düşük Nakit Dönüşümü
FCF/Kâr oranı sadece %3. Kâr kâğıt üzerinde, nakte dönmüyor.
Yüksek F/K Uyarısı
Trailing F/K: 43.1. Piyasa yüksek büyüme bekliyor ya da hisse pahalı. Büyüme gerçekleşmezse düşüş riski yüksek.
Yüksek PD/DD
PD/DD: 13.70. Piyasa defter değerinin çok üstünde fiyatlıyor. Büyüme beklentisi primli.
Düşük EV/EBITDA
EV/EBITDA: 1.2. Operasyonel kârlılığa göre ucuz değerleme.
Lothien Sağlamlık Skoru: 76/100
Bileşik algoritma değerlendirmesine göre şirketin finansal yapısı güçlü görünüyor.
Sonraki Çeyrek: Düşüş Beklentisi
Tahminine göre kâr %-48.5 düşebilir. Sonraki bilançoya dikkat.

Data date 2026-11-10 Not investment advice; the figures are rule-based model output. How the scores are computed

Score record
Data date 2026-11-10
Update frequency Scheduled analysis run on business days at 19:30 Istanbul time; not every symbol is refreshed in every run

Method summaryThe Lothien Robustness Score (0-100) is a weighted combination of sub-scores computed by fixed rules from published financial statements and price data (Damodaran valuation, Dalio risk, Piotroski F-score, earnings quality, momentum and others). The rules are applied automatically to every covered stock, with weights that vary by sector.

AssumptionsCalculations rest on the company's latest published financial statements and on price data that may be delayed. Where four quarters have not been published, annual figures may be scaled from the available quarters. Model parameters such as the risk-free rate, the risk premium and long-term growth are fixed assumptions per exchange and contain no company-specific expectation.

Conflict of interestNo statement has been published on whether MIDAK, the operator of Lothien, or its team hold positions in these stocks. The figures are produced automatically by the same rules, without regard to any such position.

WarningThis information is not within the scope of investment advisory services and is not investment advice. The figures are the output of rule-based models and may not suit your financial situation or your risk and return preferences. Making an investment decision on the basis of this information alone may not lead to results that meet your expectations.

Model output; not investment advice; different models can disagree. Report an error

Risk Analysis (VaR) Düşük
252 days
Annual Volatility ?
%17.1
VaR 95% ?
%1.64
daily max loss
VaR 99% ?
%2.37
daily max loss
CVaR 95% ?
%2.25
expected loss (tail)
Max Drawdown ?
%10.5
27.02.2026 → 20.03.2026
Skewness ?
0.02
Parametrik%1.64
Historik%1.56
Cornish-Fisher%1.61
Return Distribution
Valuation
Potential?
+29.6%
DCF Value ?
104.52
Debt Cycle?
Early Expansion
Balance Sheet Analysis? Q2026/9
Son 3 çeyrek ardışık kâr
Fiyat TRAMA-99 üzerinde: %+5.4 — teknik trend olumlu
Destek seviyesi: TRAMA-99 = 409.80 EUR
Fundamental & Technical Analysis
Profitability
Net Profit Margin %88.3
Net profit margin %88.3 — very strong. Compared to previous quarter +10.7 point increase.
ROE - Return on Equity (TTM) %16.9
ROE %16.9 — moderate return on equity.
EBITDA Margin %2304.6
EBITDA margin %2304.6 — operationally very efficient.
Gross Profit Margin %2486.0
Gross profit per revenue %2486.0. Strong pricing power.
Free Cash Flow Margin (TTM) %7.9
TTM Free Cash Flow is %7.9'i. Moderate FCF — capex constraining operational profit.
Valuation
P/E Ratio 43.1x Sector: 74.2x
F/K 43.1x — sector median's (74.2x) %42 below. Attractive for value investing.
P/B Ratio 13.70x Sector: 10.09x
PD/DD 13.70x — sector median's (10.09x) %36 above.
EV/EBITDA 1.2x Sector: 45.7x
EV/EBITDA 1.2x — sector median's (45.7x) %97 below. Cheap relative to EBITDA.
Indebtedness
Net Debt / EBITDA 0.0x
Net Debt/EBITDA 0.0x — very low debt burden. Company can repay debt quickly.
Debt / Equity 0.12x
Low leverage — majority of assets financed by equity.
Interest Coverage 2017.6x
Interest coverage 2017.6x — very wide margin for paying interest expenses.
Growth
Revenue Growth (YoY) %+124.1
Revenue YoY %124.1 grew (2026/6) — strong growth. Sector expansion and/or market share increase.
Net Profit Growth (YoY) %+158.9
Net profit YoY %158.9 increased (2026/6) — extraordinary profit growth.
Score Explanations
Lothien Robustness
76/100
Very strong robustness score (76/100). Damodaran valuation, Dalio risk analysis and balance sheet quality criteria are largely met.
Very Strong
Potential
+29.6%
Plus %29.6 expected value (559.44) vs current price comparison. 4/4 valuation models could be calculated. Model confidence %72.
Components: PE target: 599.31 | P/B target: 335.64 | EV/EBITDA target: 1295.25 | DCF target: 107.94
Damodaran Valuation
47/100
Moderate
Dalio Risk Analysis
79/100
Low debt risk (79/100). Interest coverage ratio 2017.6x — strong. Debt/EBITDA 0.0x — in healthy range.
Leverage: 50/100 | Debt Service: 100/100 | Quality: 53/100
DCF Discounted Cash Flow
104.52
DCF (104.52) current price %75.8 below — cash flows do not support current price.
Current price: 431.75
Debt Cycle Phase
Early Expansion
Debt decreasing, growth gaining momentum. Company in balance sheet cleanup phase.
Piotroski F-Score
2/9
Weak Piotroski (2/9). Many balance sheet quality criteria not met. Note: Previous period ROA data missing (C1 delta-ROA); Operating cash flow data missing (C3, C4)
Weak
Graham Intrinsic Value
€66.5
Expensive
⚖️ Sector Comparison
P/E Ratio
43.1x vs 74.2x
Sector median's %42 below — cheap
P/B Ratio
13.70x vs 10.09x
Compared to sector %36 more expensive (by book value)
EV/EBITDA
1.2x vs 45.7x
Compared to sector %97 lower EV/EBITDA
TRAMA-99 Trend — Uptrend
Price (431.75), TRAMA-99 line's %5.4 above. Uptrend ongoing; monitor for TRAMA approach for trend change.
Price:: 431.75
TRAMA: 409.80
Difference: %+5.4
Charts
Indicators
BB deviation ?
RSI thresholds ?

Price Chart ?
RSI (14) ?
Bollinger Bands ?
MACD ?
Gold-Based Price + TRAMA (Stock / Gram Gold) ?
P/E Ratio ?
P/B Ratio ?
INVE_B — Participation Finance Compliance
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The Lothien health scores and analyses on this page are for informational purposes only. They do not constitute investment advice. Please consult a licensed investment advisor before making investment decisions.