Afry (OM:AFRY) just picked up a new role as International Technical Advisor on Vietnam’s 1.5 GW Thai Binh LNG to Power project, putting its energy transition work in Southeast Asia in sharper focus for investors.
Afry’s new Thai Binh mandate lands after a tough stretch for the ticker, with the share price at SEK101.6 and the year to date share price return down 32.9% while the 1 year total shareholder return has declined 29.8%.
Compare Afry’s recent pullback with other engineering and infrastructure players that still screen well on quality and valuation using our hand picked 183 high quality undervalued stocks list.
Afry now trades at a deep discount to both analyst targets and intrinsic value estimates. The real puzzle is where fair value actually falls within that wide range.
Most Popular Narrative: 23.1% Undervalued
Afry’s latest fair value narrative points to SEK132 per share, which sits well above the recent SEK101.6 close and frames today’s discount as unusually wide.
The accelerating global push for clean energy and decarbonization is sustaining strong demand within AFRY's Energy division (e.g., high interest in nuclear, robust activity in Asia for renewables), positioning the company to benefit from a rising order backlog and top-line growth as clients continue investing despite current economic caution.
Read the complete narrative. Read the complete narrative.
Curious what has to happen inside Afry for that higher valuation to stack up. The fair value hinges on steadier revenue progress, fatter margins, and a future earnings profile that looks very different to the last five years. Want to see exactly how those moving parts are stitched together in the forecasts.
Result: Fair Value of SEK132.17 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
Still, this story can break. Persistent underutilization alongside SEK200 to 300 million of ongoing restructuring costs, or weaker order intake in industrial end markets, could quickly undercut the Afry turnaround case.
Find out about the key risks to this Afry narrative.
Next Steps
Mixed headlines around Afry can pull sentiment in opposite directions, so if you want to move fast and form your own view on both the upside and the downside, start by weighing the 3 key rewards and 1 important warning sign.
Looking for more Afry-sized investment ideas?
Do not stop with Afry. Broaden your watchlist using focused stock lists that surface different kinds of opportunities before they move out of reach.
- Target potential mispricings by scanning for quality companies that still look cheap using our 183 high quality undervalued stocks.
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- Prioritize resilience by filtering for companies with strong financial footing through our list of solid balance sheet and fundamentals (192 results).
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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