Scandinavian Tobacco Group AS (CHIX:STGC) Intrinsic Value: Projected FCF: kr203.78 (As of Sep. 12, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:STGC Scandinavian Tobacco Group AS CHIX:STGC
76 GF Score
Price kr66.80
GF Value kr94.24
! 5 Warning Signs
View Full Analysis

What is Scandinavian Tobacco Group AS Intrinsic Value: Projected FCF?

Scandinavian Tobacco Group AS CHIX:STGC 76 Intrinsic Value: Projected FCF is kr203.78 as of Sep. 12, 2026. GuruFocus rates CHIX:STGC with a GF Score™ of 76/100 and a GF Value™ of kr94.24. The stock has 5 warning signs investors should review. Among 31 Tobacco Products companies, Scandinavian Tobacco Group AS ranks better than 93.55% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-12), Scandinavian Tobacco Group AS's Intrinsic Value: Projected FCF is kr203.78. The stock price of Scandinavian Tobacco Group AS is kr66.80. Therefore, Scandinavian Tobacco Group AS's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.

The historical rank and industry rank for Scandinavian Tobacco Group AS's Intrinsic Value: Projected FCF or its related term are showing as below:

CHIX:STGc' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.3   Med: 0.45   Max: 0.7
Current: 0.33

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Scandinavian Tobacco Group AS was 0.70. The lowest was 0.30. And the median was 0.45.

CHIX:STGc's Price-to-Projected-FCF is ranked better than
93.55% of 31 companies
in the Tobacco Products industry
Industry Median: 1.33 vs CHIX:STGc: 0.33

Scandinavian Tobacco Group AS  (CHIX:STGc) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Scandinavian Tobacco Group AS's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=66.80/223.30274423599
=0.30

* 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.


Scandinavian Tobacco Group AS Intrinsic Value: Projected FCF Related Terms


Scandinavian Tobacco Group AS Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Scandinavian Tobacco Group AS's Intrinsic Value: Projected 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.

Scandinavian Tobacco Group AS Intrinsic Value: Projected FCF Chart

Scandinavian Tobacco Group AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 212.74 270.70 275.60 296.20 233.58

Scandinavian Tobacco Group AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected 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 266.97 267.12 233.58 224.85 224.31

CHIX:STGC vs PM, MO, TPB: Intrinsic Value: Projected FCF Comparison

For the Tobacco subindustry, Scandinavian Tobacco Group AS's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.


Scandinavian Tobacco Group AS Price-to-Projected-FCF vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Scandinavian Tobacco Group AS's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Scandinavian Tobacco Group AS's Price-to-Projected-FCF falls into.


CHIX:STGC
76GF Score
Scandinavian Tobacco Group AS CHIX:STGC
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Scandinavian Tobacco Group AS Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Scandinavian Tobacco Group AS's Free Cash Flow(6 year avg) = kr1,039.94.

Scandinavian Tobacco Group AS's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(9.9881567514702*1039.936+8638.6*0.8)/77.464
=223.30

* 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.

What does a Intrinsic Value: Projected FCF of kr203.78 mean?
Scandinavian Tobacco Group AS (CHIX:STGC) has a Intrinsic Value: Projected FCF of kr203.78 as of Sep. 12, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Scandinavian Tobacco Group AS and its competitors. According to the industry distribution chart, Scandinavian Tobacco Group AS ranks #2 out of 31 companies in the Tobacco Products industry, placing it in the top 6.5%.
Is Scandinavian Tobacco Group AS's Intrinsic Value: Projected FCF too high?
Scandinavian Tobacco Group AS's current Intrinsic Value: Projected FCF is kr203.78. Based on the distribution chart, Scandinavian Tobacco Group AS ranks #2 out of 31 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, Scandinavian Tobacco Group AS has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Tobacco Group AS's Intrinsic Value: Projected FCF compare to PM and MO?
According to the Tobacco Products industry distribution chart, Scandinavian Tobacco Group AS ranks #2 out of 31 companies for Intrinsic Value: Projected FCF. This places Scandinavian Tobacco Group AS in the top 7% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 1.33. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Tobacco Products company?
The median Intrinsic Value: Projected FCF among Tobacco Products companies is 1.33, based on 31 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Scandinavian Tobacco Group AS and its competitors. For the Tobacco Products industry, the median Intrinsic Value: Projected FCF is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scandinavian Tobacco Group AS's current Intrinsic Value: Projected FCF is kr203.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Tobacco Group AS stock overvalued right now?
Scandinavian Tobacco Group AS (CHIX:STGC) has a current Intrinsic Value: Projected FCF of kr203.78. The stock's GF Value™ is kr94.24, compared to a current price of kr66.80 — trading 29.1% below its estimated fair value. The current Intrinsic Value: Projected FCF is kr203.78. Scandinavian Tobacco Group AS's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Scandinavian Tobacco Group AS (CHIX:STGC), the current Intrinsic Value: Projected FCF is kr203.78 as of Sep. 12, 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 Scandinavian Tobacco Group AS (CHIX:STGC) Overvalued in 2026?

Based on GuruFocus' analysis, Scandinavian Tobacco Group AS stock appears to be undervalued. The current stock price of kr66.80 is trading 29.1% below its estimated GF Value™ of kr94.24.

Key valuation signals for CHIX:STGC:

  • Intrinsic Value: Projected FCF: kr203.78
  • GF Value™: kr94.24 vs. price of kr66.80 (29.1% below fair value)
  • GF Score™: 76/100 with 5 warning signs

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


Scandinavian Tobacco Group AS Business Description

Address Sandtoften 9, Gentofte, DNK, 2820
Scandinavian Tobacco Group AS offers cigars, pipe tobacco, and accessories in North America, Europe, and Australia. It operates in three segments: North America online and retail, which includes direct to consumer sales of all product categories sold via the online, catalogue and retail channel in North America. North America branded and the Rest of the World, which provides its products to wholesalers and distributors; Europe Branded comprises sale of all product categories to wholesalers, distributors and direct to retail in Germany, Denmark, Sweden, France, Italy, Belgium, the Netherlands, Luxembourg, Spain, Portugal, the UK, and Ireland.
76GF Score

Get the complete analysis for CHIX:STGC

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

kr66.80
Price
kr94.24
GF Value