As of 2025-07-03, the Intrinsic Value of Swedish Match AB (SWMA.ST) is 168.54 SEK. This SWMA.ST valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 112.85 SEK, the upside of Swedish Match AB is 49.3%.

The range of the Intrinsic Value is 101.74 - 498.99 SEK.

Is SWMA.ST undervalued or overvalued?

Based on its market price of 112.85 SEK and our intrinsic valuation, Swedish Match AB (SWMA.ST) is undervalued by 49.3%.

112.85 SEK

Stock Price

168.54 SEK

Intrinsic Value

Intrinsic Value Details

SWMA.ST Intrinsic Value - Valuation Summary

	Range	Selected	Upside
a
DCF (Growth Exit 5Y)	101.74 - 498.99	168.54	49.3%
DCF (Growth Exit 10Y)	126.63 - 575.56	202.45	79.4%
DCF (EBITDA Exit 5Y)	51.29 - 64.22	59.15	-47.6%
DCF (EBITDA Exit 10Y)	74.51 - 94.04	85.45	-24.3%
Peter Lynch Fair Value	27.68 - 27.68	27.68	-75.47%
P/E Multiples	46.11 - 72.16	54.78	-51.5%
EV/EBITDA Multiples	30.9 - 45.56	39.14	-65.3%
Earnings Power Value	46.02 - 62.51	54.27	-51.9%
Dividend Discount Model - Stable	63.26 - 385.08	224.17	98.6%
Dividend Discount Model - Multi Stages	87.65 - 402.91	142.66	26.4%

SWMA.ST Intrinsic Value - Peers Comparison

	Range	Selected	Upside
a
British American Tobacco PLC	793.16 - 6,203.99	1,929.27	-44.3%
Imperial Brands PLC	2,692.45 - 5,269.32	3,639.81	29.4%
RLX Technology Inc	1.16 - 4.12	1.61	-31.0%
GN Store Nord A/S	34.83 - 258.15	85.00	-17.6%
Vector Group Ltd	15.42 - 25.75	19.51	30.2%
Philip Morris CR as	-	24,283.82	40.0%
Universal Corp	3.05 - 24.77	11.32	-80.6%
Turning Point Brands Inc	65.26 - 213.55	101.09	39.2%
Scandinavian Tobacco Group A/S	113.59 - 279.76	168.51	98.9%
Karelia Tobacco Company Inc SA	371.3 - 542.62	434.16	38.3%

SWMA.ST Intrinsic Value - Key Valuation Metrics

Market Cap (mil)	171,611
Beta	0.27
Outstanding shares (mil)	1,521
Enterprise Value (mil)	182,948

Market risk premium	5.6%
Cost of Equity	5.8%
Cost of Debt	5%
WACC	5.6%