Afry AB
Research Afry AB (AFRY) on Bullrun: valuation model: 17.6% undervalued, market cap SEK 11.74B, P/E 14.9, dividend yield 5.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerAFRY
- ExchangeST
- CountrySweden
- SectorIndustrials
- IndustryEngineering & Construction
- CurrencySEK
- Valuation signal17.6% undervalued
- Market capSEK 11.74B
- P/E14.9
- Dividend yield5.7%
- Financial periodQ2 2026
- RevenueSEK 6.51B
- Net incomeSEK 194.00M
- Free cash flowSEK 801.00M
- Gross margin79.4%
Valuation Snapshot
Bullrun's latest valuation model marks Afry AB as 17.6% undervalued; latest market cap is SEK 11.74B; P/E is 14.9; dividend yield is 5.7%.
Peer valuation comparison
Latest P/E is 14.86x versus a Industrials sector median of 20.76x (28.4% below).
Latest dividend yield is 5.74% versus a Industrials sector median of 2.39% (140.2% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | SEK 25.76B | SEK 800.00M | n/a | 63.8% | n/a | SEK 1.38B | SEK 6.61B | SEK 12.68B |
| FY2024 | SEK 27.16B | SEK 1.24B | SEK 1.89B | 28.0% | 10.85 | SEK 1.27B | SEK 7.25B | SEK 13.13B |
| FY2023 | SEK 26.98B | SEK 1.10B | SEK 1.65B | 10.0% | 9.71 | SEK 1.17B | n/a | SEK 12.45B |
| FY2022 | SEK 23.55B | SEK 974.00M | SEK 930.00M | 9.9% | 8.6 | SEK 1.09B | n/a | SEK 12.18B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-27 | SEK 11.74B | 14.9 | 5.8% | 6 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 6 SEK, yield 5.7%.
| Year | Dividends/share |
|---|---|
| FY2024 | 5.5 SEK |
| FY2023 | 5.5 SEK |
| FY2022 | 5.5 SEK |
About Afry AB
Afry AB provides engineering, design, and advisory services for the infrastructure, industry, and energy sectors in the Nordics, North America, South America, Asia, rest of Europe, and internationally. It operates through Energy, Industry, and Transportation & Places segments. The company offers architecture and design services; automation and manufacturing solutions; automotive and mobility services;
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Frequently asked questions
Is Afry AB overvalued or undervalued?
Bullrun's valuation model currently marks Afry AB as 17.6% undervalued.
What is Afry AB's market cap?
Afry AB's market capitalization is SEK 11.74B.
What is Afry AB's P/E ratio?
Afry AB's price-to-earnings (P/E) ratio is 14.9.
Does Afry AB pay a dividend?
Afry AB has a dividend yield of 5.7%.
What does Afry AB do?
Afry AB provides engineering, design, and advisory services for the infrastructure, industry, and energy sectors in the Nordics, North America, South America, Asia, rest of Europe, and internationally. It operates through Energy, Industry, and Transportation & Places segments.