Spiltan Invest (NGM:SPLTN) EV-to-FCF: 22.86 (As of Jul. 21, 2026) — 65% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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NGM:SPLTN Spiltan Invest NGM:SPLTN
75 GF Score
Price kr177.60
GF Value kr351.45
Valuation Significantly Undervalued
View Full Analysis

What is Spiltan Invest EV-to-FCF?

Spiltan Invest NGM:SPLTN -0.22% 75 EV-to-FCF is 22.86 as of Jul. 21, 2026, which is 65% below its 10-year median of 64.49. GuruFocus rates NGM:SPLTN with a GF Score™ of 75/100 and a GF Value™ of kr351.45 (Significantly Undervalued). Among 939 Asset Management companies, Spiltan Invest ranks worse than 66.99% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Spiltan Invest's Enterprise Value is kr5,154.7 Mil. Spiltan Invest's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was kr225.5 Mil. Therefore, Spiltan Invest's EV-to-FCF for today is 22.86.

The historical rank and industry rank for Spiltan Invest's EV-to-FCF or its related term are showing as below:

NGM:SPLTN' s EV-to-FCF Range Over the Past 10 Years
Min: 15.06   Med: 64.49   Max: 288.01
Current: 22.86

During the past 7 years, the highest EV-to-FCF of Spiltan Invest was 288.01. The lowest was 15.06. And the median was 64.49.

NGM:SPLTN's EV-to-FCF is ranked worse than
66.99% of 939 companies
in the Asset Management industry
Industry Median: 14.18 vs NGM:SPLTN: 22.86

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-21), Spiltan Invest's stock price is kr177.60. Spiltan Invest's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was kr-28.100. Therefore, Spiltan Invest's PE Ratio (TTM) for today is At Loss.


Spiltan Invest  (NGM:SPLTN) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Spiltan Invest's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=177.60/-28.100
=At Loss

Spiltan Invest's share price for today is kr177.60.
Spiltan Invest's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-28.100.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Spiltan Invest EV-to-FCF Related Terms


Spiltan Invest EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Spiltan Invest's EV-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Spiltan Invest EV-to-FCF Chart

Spiltan Invest Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial 268.95 138.18 29.89 67.76 37.89

Spiltan Invest Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 74.21 239.74 37.89 38.47 23.07

NGM:SPLTN vs BLK, BX, KKR: EV-to-FCF Comparison

For the Asset Management subindustry, Spiltan Invest's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Spiltan Invest EV-to-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Spiltan Invest's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Spiltan Invest's EV-to-FCF falls into.


NGM:SPLTN
75GF Score
Spiltan Invest NGM:SPLTN
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spiltan Invest EV-to-FCF Calculation

Spiltan Invest's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=5154.666/225.469
=22.86

Spiltan Invest's current Enterprise Value is kr5,154.7 Mil.
Spiltan Invest's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr225.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 22.86 mean?
Spiltan Invest (NGM:SPLTN) has a EV-to-FCF of 22.86 as of Jul. 21, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Spiltan Invest and its competitors. This is 65% below median its historical median of 64.49. Over the past decade, Spiltan Invest's EV-to-FCF has ranged from 15.06 to 288.01. According to the industry distribution chart, Spiltan Invest ranks #629 out of 939 companies in the Asset Management industry, placing it in the top 67%.
Is Spiltan Invest's EV-to-FCF too high?
Spiltan Invest's current EV-to-FCF of 22.86 is 65% below median its 10-year median of 64.49. Over the past 10 years, this metric has ranged from a low of 15.06 to a high of 288.01. The Asset Management industry median EV-to-FCF is 14.18. Spiltan Invest's value of 22.86 is 61.2% above this industry median. Based on the distribution chart, Spiltan Invest ranks #629 out of 939 companies in the Asset Management industry, which is below the industry midpoint. Overall, Spiltan Invest has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spiltan Invest's EV-to-FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Spiltan Invest ranks #629 out of 939 companies for EV-to-FCF. This places Spiltan Invest in the lower half of its industry. The industry median EV-to-FCF is 14.18. Spiltan Invest's value of 22.86 is 61.2% above this benchmark. Historically, Spiltan Invest's own EV-to-FCF has ranged from 15.06 to 288.01 over the past decade. While the company's 10-year median is 64.49 vs. the industry median of 14.18, Spiltan Invest has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.18, based on 939 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spiltan Invest's current EV-to-FCF of 22.86 is 61.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Spiltan Invest and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spiltan Invest's current EV-to-FCF is 22.86, which is 65% below median its own 10-year median of 64.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spiltan Invest stock overvalued right now?
Based on GuruFocus' analysis, Spiltan Invest (NGM:SPLTN) is currently considered Significantly Undervalued. The stock's GF Value™ is kr351.45, compared to a current price of kr177.60 — trading 49.5% below its estimated fair value. The current EV-to-FCF is 22.86, which is 65% below median its 10-year median of 64.49 and 61.2% above the Asset Management industry median of 14.18. Spiltan Invest's overall GF Score™ is 75/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Spiltan Invest (NGM:SPLTN), the current EV-to-FCF is 22.86 as of Jul. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Spiltan Invest (NGM:SPLTN) Overvalued in 2026?

Based on GuruFocus' analysis, Spiltan Invest stock appears to be undervalued. The current stock price of kr177.60 is trading 49.5% below its estimated GF Value™ of kr351.45. GuruFocus considers Spiltan Invest to be Significantly Undervalued.

Key valuation signals for NGM:SPLTN:

  • EV-to-FCF: 22.86 (65% below median its 10-year median of 64.49)
  • GF Value™: kr351.45 vs. price of kr177.60 (49.5% below fair value)
  • GF Score™: 75/100
  • Industry Position: 61.2% above the Asset Management median (#629 of 939)

No single metric tells the full story. See the NGM:SPLTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spiltan Invest Business Description

Address Erik Dahlbergsallen 15, Stockholm, SWE, 115 20
Investment AB Spiltan is an investment company that invests in listed and unlisted Swedish growth companies. It currently owns a portfolio consisting of tech, finance, real estate and industry.
75GF Score

Get the complete analysis for NGM:SPLTN

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr177.60
Price
kr351.45
GF Value