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Axactor SE (ACR) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of Axactor SE stock NOK 6.87, price NOK 4.25, upside +61.6%, quality 72 out of 100. Rating: strongly undervalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services NO · ISIN NO0010840515

AS Axactor SE logo Thin data Nov 1, 2026

Axactor SE

ACR · OL
Undervalued, but in a downtrend

The stock costs 38% less than our calculation considers fair.

Fair value kr 6.87 · Strongly undervalued (38%)
Quality 72/100
Solidly profitable · 13.9% net margin (FY2025)
Generates free cash flow
Mixed Growth (revenue 5y +5.1 %/yr in EUR)
Mixed vs. peers (6/11)
Moderate moat 54/100 · thin data
Revenue last quarter 17% below a year ago.
High debt
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 9.18 kr 2.86 Fair Value kr 6.87 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.

How to read this chart

60‑month range kr 2.86 – kr 9.18 · fair‑value band kr 3.98 – kr 13.49 · the kr 4.25 price screens below the kr 6.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.

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Company profile

Axactor ASA, through its subsidiaries, operates as a debt management and collection company in Sweden, Finland, Germany, Italy, Norway, and Spain.

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It operates through two segments: Non-performing Loans (NPL) and Third-Party Collection (3PC). The NPL segment invests in portfolios of non-performing loans collected through amicable or legal proceedings.

The 3PC segment provides debt collection services on behalf of third-party clients, which applies amicable and legal proceedings to collect the non-performing loans.

This segment also involved in helping creditors to prepare documentation for future legal proceedings against debtors; and handling of invoices between the invoice date and the default date and sending out reminders. Axactor ASA was incorporated in 1982 and is based in Oslo, Norway.

Stock analysis

Axactor SE (ACR) currently trades at kr 4.25, while our model-based Fair Value estimate is kr 6.87, implying the stock looks roughly 38% undervalued today.

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Valuation

Bull case: the Earnings-Based group reads highest at a median of kr 8.36 per share, and 9 of the 10 models we run sit above the kr 4.25 price.

Bear case: the Asset-Based group reads lowest at kr 2.59, and 1 of the 10 models stay below the price. Data coverage for this calculation is low.

Scenario range: kr 3.98 (bear) to kr 13.49 (bull), the price of kr 4.25 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 72/100 (solid quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Axactor SE reported revenue of €258M in FY2025 versus €158M in FY2021, a compound +13.0%/yr. Reported net income was €36.0M in FY2025.

Key figures

Market cap 3.6B NOK (≈ $382M) Small · EPS (TTM) kr −9.05 · Net margin 13.9% · Return on equity −81.2% · Return on assets (EBIT) 5.7% · Operating margin 113% · Revenue (TTM) −77.3M NOK · Revenue growth (YoY) −16.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).

What moves the price

The share trades about 46% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −1% fair-value upside, at 62%, ACR screens cheaper than that median.

Fair Value models

Bear kr 3.98 Fair Value kr 6.87 Bull kr 13.49
Price kr 4.25 · Upside +61.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Owner Earnings n/a n/a kr 3.07 73
Growth DCF kr 13.81 kr 35.22 kr 71.36 73
Residual Income kr 4.04 kr 4.42 kr 5.33 71
All 11 models by family
DCF Models
Owner Earnings n/a n/a kr 3.07 73
5Y P/E Exit kr 1.11 kr 6.97 kr 13.69 64
10Y P/E Exit kr 5.47 kr 13.03 kr 23.95 60
Earnings-Based
Graham-Dodd kr 3.17 kr 20.22 kr 28.26 63
Lynch FV kr 5.85 kr 8.36 kr 10.86 61
Multiples
P/E Multiple kr 4.55 kr 6.06 kr 7.58 63
P/B Multiple kr 4.06 kr 5.42 kr 6.77 55
Asset-Based
NCAV (Graham) kr 1.93 kr 2.59 kr 3.87 54
Growth DCF
Growth DCF kr 13.81 kr 35.22 kr 71.36 73
Rev-Margin DCF kr 1.41 kr 7.72 kr 15.69 66
Economic Profit
Residual Income kr 4.04 kr 4.42 kr 5.33 71

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Quality Score breakdown

Overall quality 72/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 36
How much profit the company makes from its sales and capital
Quality Growth 100
Are margins and returns getting better?
Cashflow 100
Do the profits arrive as real cash?
Financial strength 11
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 69
How calm the share price moves, does not count
Price momentum 14
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 4
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+98.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.1%
Start year 2020 (pandemic). Over 10 years: +87.5% a year
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.9%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+5.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.1%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → −2%

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Credit Services · 286 stocks

Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 72 · Top 25%
Fair Value upside +61.6% · Above median
Profitability
Return on assets 2.9% · Above median
Net margin (12 months) 13.9% · Below median
Operating margin (12 months) 113.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) −16.7% · Bottom 25%
Balance sheet
Debt / equity 2.10× · Above median

Valuation Multiplesvs Credit Services median · lower = cheaper

P/B 1.04× · Cheaper than median
Price / free cash flow 2.7× · Cheapest 25%
PEG 1.30× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 58
FUTURE (revenue growth)0 · sector 57
PAST (return on equity)0 · sector 39
HEALTH (low debt)0 · sector 52
DIVIDEND (yield)0 · sector 63

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Credit Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Synchrony Financial, SYF $74.07 $141.92 +92% vs ACR
PayPal Holdings PYPL $58.96 $107.45 +82% vs ACR
Shriram Finance Limited SHRIRAMFIN ₹964.00 ₹1,309 +36% vs ACR
Affirm Holdings AFRM $69.66 $83.15 +19% vs ACR
Bajaj Finance Limited BAJFINANCE ₹1,070 ₹1,055 −1% vs ACR
American Express Company AXP $324.97 $210.02 −35% vs ACR
Visa Inc V $422.59 $242.87 −43% vs ACR
Mastercard Incorporated MA $655.92 $360.13 −45% vs ACR
Capital One Financial Corporation COF $203.84 $106.81 −48% vs ACR
SoFi Technologies, Inc SOFI $16.04 $5.51 −66% vs ACR

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Axactor SE: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Axactor SE Fair Value". https://www.fairvalue-calculator.com/stock/ACR.OL

Frequently asked questions

Is Axactor SE (ACR) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of kr 6.87 versus a price of kr 4.25, about +62% upside (undervalued).
What is the fair value of ACR?
Our model-based fair value for Axactor SE is kr 6.87 (as of Nov 1, 2026), built from audited fundamentals. The current price: kr 4.25.
What is the quality score of ACR?
Axactor SE has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Axactor SE (ACR)?
Our model-based price target is the fair value of kr 6.87 (as of Nov 1, 2026) from 11 valuation models. Cautious scenario kr 3.98, optimistic scenario kr 13.49. It is a calculation from audited fundamentals, not an analyst target.
What is the Axactor SE stock forecast for 2026?
Our models put fair value at kr 6.87, about +62% upside versus a price of kr 4.25 (undervalued). Cautious scenario kr 3.98, optimistic scenario kr 13.49. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Axactor SE (ACR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Axactor SE it is kr 6.87 per share (as of Nov 1, 2026), against a price of kr 4.25. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Axactor SE stock overvalued or undervalued in 2026?
As of Nov 1, 2026, ACR trades below its calculated fair value: price kr 4.25, fair value kr 6.87, a gap of about +62% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ACR?
No. The price is what the market pays today (kr 4.25); the fair value is what the company's own numbers justify (kr 6.87). For Axactor SE the two are kr 2.62 per share apart. That gap is exactly why we show both numbers side by side.
How much is Axactor SE worth?
The market values Axactor SE at about 3.6B NOK (market capitalisation, as of Nov 1, 2026). Per share that is kr 4.25; our models calculate a fair value of kr 6.87 per share.
What do the bullish and bearish scenarios say about ACR?
Our models span a range for Axactor SE: cautious scenario kr 3.98, base kr 6.87, optimistic kr 13.49 per share (as of Nov 1, 2026, price kr 4.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of ACR?
The PEG ratio of Axactor SE is 1.30 (P/E divided by earnings growth, as of Nov 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Axactor SE (ACR)?
Balance-sheet figures for Axactor SE (as of Nov 1, 2026): return on equity −81.2%, debt of 2.10 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is ACR from its 52-week high?
Axactor SE trades at kr 4.25, about 46% below its 52-week high of kr 7.88 and 7% above the low of kr 3.96 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of kr 6.87 is for.
Which stocks are comparable to Axactor SE?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Axactor SE stock attractive at the current price?
The data as of Nov 1, 2026: price kr 4.25, calculated fair value kr 6.87 (+62%), Quality Score 72/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ACR calculated?
We run Axactor SE through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 6.87, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Axactor SE currently trades 38% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Axactor SE (ACR)?
The closing price on Nov 5, 2026 was kr 4.25. Our model-based fair value is kr 6.87, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Axactor SE right now?
The model range is unusually wide (kr 3.98 to kr 13.49). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (72/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Axactor SE

How large is the market capitalisation of Axactor SE (ACR)?
The market capitalisation of Axactor SE is 3.6B NOK (≈ $382M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Axactor SE (ACR)?
Earnings per share at Axactor SE are kr −9.05. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Axactor SE (ACR)?
The net margin of Axactor SE is 13.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Axactor SE (ACR)?
The return on equity (ROE) of Axactor SE is −81.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Axactor SE (ACR)?
On an EBIT basis the return on assets of Axactor SE is 5.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Axactor SE (ACR)?
The operating margin of Axactor SE is 113% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does Axactor SE (ACR) generate?
Axactor SE generates revenue of −77.3M NOK (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at Axactor SE (ACR)?
Revenue at Axactor SE is growing −16.7% versus a year earlier (3y avg +2.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Axactor SE (ACR)?
Earnings per share at Axactor SE are growing −87.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Axactor SE (ACR) generate?
The free cash flow of Axactor SE is €140M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Axactor SE (ACR) carry?
The net debt of Axactor SE is €801M (fiscal year 2025, ≈ 5.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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