Arla Plast (ARPL.ST) — 2026-W103

Analysis date: 2026-05-31 | Country: SE | Currency: SEK

Recommendation Summary

Field	Value
Rating	Hold
Intrinsic Value	50.0 SEK
24m Target	45.0 SEK
Price at Analysis	41.0 SEK
Buffett Score	11/20
ROIC	12.8%
Economic Profit	+31.8M SEK
Implied Upside (IV)	22.1%

Research history · this company (3 notes)

2026-W103 · 2026-05-31 · ARPL.STviewingHold · ROIC 13% · tgt 45 SEKΔ tgt -2% · IV +9% · HOLD→Hold · MEDIUM→low convArla Plast: Marginellt värdeskapande

2026-06-15 · 2026-06-15 · ARPL.STHOLD · tgt 46 SEK 2026-06-07 · 2026-06-07 · ARPL.STHOLD · tgt 46 SEKfirst note

0. Company Identification

Ticker: ARPL.ST | Name: Arla Plast | Country: SE | Sector: Industrial/Commercial

1. What the Company Sells

Arla Plast operates in the Nordic market. ROIC 12.8% vs WACC 8% → EP +31.8M SEK.

2. Who Pays and Why They Stay

Customers pay for products/services based on value proposition and brand strength.

3. Revenue Model

Revenue generated through product/service sales. Scalability and recurring revenue characteristics vary by segment.

4. Margin and Cash Mechanics

ROIC 12.8% vs WACC 8.0% → Economic Profit +31.8M SEK.

5. Supply-side Dependencies

Raw materials, suppliers, distribution channels, and human capital.

6. Competitive Position

Moat strength: 3/5. Brand strength, technology, and customer relationships drive competitive advantage.

7. Growth Engine

Market penetration, geographic expansion, and product development.

8. Business Model Risks

Top risks: Cyclical demand, competitive pressure, raw material costs, macro exposure.

9. History, Management & ESG

Established Nordic industrial company with stable management.

10. Synthesis and Recommendation

Hold — Arla Plast: Marginal value creation, EP +31.8M, await better entry.

mttssn research · Arla Plast (ARPL.ST) · 2026-W103 · 2026-05-31