Affärsvärlden arrives at a Neutral rating for the industrial company Sustainion.This is stated in a new analysis."The acquisition model is what we like most about the company. Sustainion acquires companies at half the valuation of the group itself. Skårebo has delivered on both earn-outs, and Ströman looks like a cheaply acquired company. The ownership structure feels like a plus, and the share trades at a clear discount to comparable serial acquirers."Affärsvärlden notes that the share has more than doubled in one year. "The upside in the main scenario is too low to entice investors to buy at this valuation. The rating is Neutral."