Rankings Financial data & insurance broking Latour
Latour
66
15070100
A view of the same findings, not a new score. How it works
A good business with a real question mark: the price, a crack, or both.
Biggest deductions
- Development of net asset value−4
- Absolute price level−4
- The Industrial segment−3
Strengths
- Order intake+2
How the score is built
From 100 to 66, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 220.80 SEK
- Median analyst target
- 209.00 SEK
- Upside to median
- −5.3%
- Analysts
- 4
- Target range
- 184.00 – 295.00 SEK
- 52-week change
- −10%
- P/E (trailing)
- 21.2
- Forward P/E
- n/a
- PEG
- n/a
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 3 findings−9 of −30
- −4Development of net asset valueNet asset value fell from DKK 216 to 203 per share in H1 2026 (−3.7% adjusted for dividend), and the stock is down 11% over a year – the portfolio is not creating value at present.
- −3The Industrial segmentIndustrial businesses' revenue rose only 3% (4% comparable) in Q2 to DKK 7,225m, and the adjusted operating margin fell to 13.8% from 14.1%; group ROIC 6.3% vs WACC 9.9%.
- −2Capital allocationThe dividend of DKK 5.10 equals 108% of FCF (DKK 4.73 per share), and net borrowing was +DKK 2.57bn (TTM) – dividends and acquisitions are partly financed with debt.
Price
Today's multiples against the company's own history and its peers. · 2 findings−6 of −35
- −2Premium to net asset value vs own historyPremium of 2.8% (24 Sep. 2026) vs a historical 10–40% premium; in March 2026 the stock traded at a discount for the first time in seven years. Cheap vs own history, but still a premium for a portfolio where approx. 40% is self-valued unlisted companies, and above Industrivärden (+1.4%) and Lundbergs (−10.6%).
- −4Absolute price levelP/FCF 43 (FCF yield 2.3%), P/TBV 5.6 and P/B 3.0 (lowest in five years, vs 3.4–7.4 in 2021–2025); dividend yield 2.5%.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−5 of −35
- −2DebtNet debt DKK 13.7bn (DKK 21.5 per share) and debt/EBITDA 3.7; gearing has risen from 0.28 in 2023 to 0.31–0.39 in net debt/equity.
- −2Unlisted valuationAbout 40% of the value lies in unlisted industrial companies, which are not priced daily; the market's valuation of them depends on sentiment.
- −1Governance and liquidityFree float is only 140 m of 639 m shares; the Douglas family controls the company, and the minority shareholders have no real influence.
Plus
Only documented strengths. · 1 finding+2 of +15
- +2Order intakeIndustrial businesses' order intake rose 11% to DKK 7,813m in Q2 (13% comparable, currency-adjusted) – clearly above invoicing.
Caveats
What the score does not capture, or where the data is weak.
The B share on Nasdaq Stockholm (LATO B). Investment company with wholly owned industrial businesses (about 40% of the value) and listed holdings (Assa Abloy, Sweco and others); valued primarily on premium/discount to net asset value. Industry set to 'Machinery & automation', since revenue comes from the industrial operations (other investment companies like Investor are placed under Finance). P/E and EV/EBITDA are distorted by capital gains and changed consolidation, and forward P/E is missing, so the PEG formula can give a skewed result. Only 4 analysts. Net asset value is as of 30 June (SEK 203); the performance of the individual listed holdings has not been reviewed. Q3 report 3 Nov 2026.
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