Brock Milton Capital AB (publ) (BMC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Brock Milton Capital AB (publ) stock SEK 122, price SEK 98.80, upside +23.5%, quality 71 out of 100. Rating: undervalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
19‑month range kr 82.19 – kr 143.36 · fair‑value band kr 59.99 – kr 187.32 · the kr 98.80 price screens below the kr 122.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Brock Milton Capital AB (publ) operates as a Swedish independent and entrepreneur-owned fund management. It offers two global funds, BMC Global Select and BMC Global Small Cap Select. BMC Global Select invests in companies and BMC Global Small Cap Select invests in entrepreneurs.
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The company was incorporated in 2005 and is based in Malmo, Sweden.
Stock analysis
Brock Milton Capital AB (publ) (BMC) currently trades at kr 98.80, while our model-based Fair Value estimate is kr 122.00, implying the stock looks roughly 19% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of kr 170.25 per share, and 8 of the 12 models we run sit above the kr 98.80 price.
Bear case: the Economic Profit group reads lowest at kr 36.65, and 4 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 59.99 (bear) to kr 187.32 (bull), the price of kr 98.80 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 71/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Brock Milton Capital AB (publ) reported revenue of 156M SEK in FY2025 versus 61.3M SEK in FY2022, a compound +36.6%/yr. Reported net income was 22.4M SEK in FY2025, compounding +13.1%/yr from FY2022.
Key figures
Market cap 398M SEK (≈ $40.2M) Micro · P/E ratio 17.5 · P/S ratio 2.57 · EPS (TTM) kr 5.66 · Dividend yield 4.7% · Net margin 14.7% · Return on equity 87.4% · Return on assets 29.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 77 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 23%, BMC screens cheaper than that median.
Fair Value models
Bearkr 59.99Fair Value kr 122.00Bullkr 187.32
Price kr 98.80 · Upside +23.5%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 0.8292 per share) are deliberately not added.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.
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.100/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.9%
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.
+36.6%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
−1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.7%
Dividend (yield on the price)4.7%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+3.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +1.9% a year for the price.
Compare Brock Milton Capital AB (publ) with another stock
Price, fair value, quality and upside side by side.
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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.Asset Management · 588 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+23.5% · Above median
Profitability
Return on equity (12 months)87.4% · Top 25%
Return on assets29.8% · Top 25%
Net margin (12 months)14.7% · Below median
Operating margin (12 months)19.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)7.7% · Above median
Dividend yield (12 months)4.7% · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)17.5× · Pricier than median
P/B11.28× · Priciest 25%
P/S (12 months)2.57× · Cheaper than median
Price / free cash flow (fiscal year)17.5× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Brock Milton Capital AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/BMC
Frequently asked questions
Is Brock Milton Capital AB (publ) (BMC) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 122.00 versus a price of kr 98.80, about +23% upside (undervalued).
What is the fair value of BMC?
Our model-based fair value for Brock Milton Capital AB (publ) is kr 122.00 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 98.80.
What is the quality score of BMC?
Brock Milton Capital AB (publ) has a Quality Score of 71/100. 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 Brock Milton Capital AB (publ) (BMC)?
Our model-based price target is the fair value of kr 122.00 (as of Nov 7, 2026) from 12 valuation models. Cautious scenario kr 59.99, optimistic scenario kr 187.32. It is a calculation from audited fundamentals, not an analyst target.
What is the Brock Milton Capital AB (publ) stock forecast for 2026?
Our models put fair value at kr 122.00, about +23% upside versus a price of kr 98.80 (undervalued). Cautious scenario kr 59.99, optimistic scenario kr 187.32. The calculation is refreshed regularly with new filings.
What is the revenue of Brock Milton Capital AB (publ) (BMC)?
Brock Milton Capital AB (publ) reported trailing-twelve-month revenue of about 155M SEK (latest available figure, as of Nov 7, 2026).
Does Brock Milton Capital AB (publ) pay a dividend?
Brock Milton Capital AB (publ) currently shows a dividend yield of 4.75% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Brock Milton Capital AB (publ) (BMC) and when is the ex-dividend date?
Brock Milton Capital AB (publ) pays a dividend of kr 4.69 per share a year, a dividend yield of 4.7%. The last ex-dividend date was May 7, 2026. The payout ratio is 82.9% of earnings. Free cash flow covers the dividend 1.20 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Brock Milton Capital AB (publ) (BMC)?
For today's price to be fair in a discounted-cash-flow model, Brock Milton Capital AB (publ) would have to grow free cash flow by +3.9 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +36.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of BMC use?
Our models discount Brock Milton Capital AB (publ) at 9.5 %: a base by market capitalisation (nano), country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Brock Milton Capital AB (publ) that is +3.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Brock Milton Capital AB (publ) (BMC) delivered so far?
Over the past 3 years revenue at Brock Milton Capital AB (publ) grew +36.6 % a year. The price currently implies free-cash-flow growth of +3.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Brock Milton Capital AB (publ) (BMC) growing?
The median revenue growth in the sector is +6.0 % a year. That is the yardstick for the growth priced into Brock Milton Capital AB (publ) (+3.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Brock Milton Capital AB (publ) (BMC)?
The free-cash-flow yield on the price is 5.72 %: that much free cash flow Brock Milton Capital AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Brock Milton Capital AB (publ) (BMC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Brock Milton Capital AB (publ) it is kr 122.00 per share (as of Nov 7, 2026), against a price of kr 98.80. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Brock Milton Capital AB (publ) stock overvalued or undervalued in 2026?
As of Nov 7, 2026, BMC trades below its calculated fair value: price kr 98.80, fair value kr 122.00, a gap of about +23% (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 BMC?
No. The price is what the market pays today (kr 98.80); the fair value is what the company's own numbers justify (kr 122.00). For Brock Milton Capital AB (publ) the two are kr 23.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is Brock Milton Capital AB (publ) worth?
The market values Brock Milton Capital AB (publ) at about 398M SEK (market capitalisation, as of Nov 7, 2026). Per share that is kr 98.80; our models calculate a fair value of kr 122.00 per share.
What do the bullish and bearish scenarios say about BMC?
Our models span a range for Brock Milton Capital AB (publ): cautious scenario kr 59.99, base kr 122.00, optimistic kr 187.32 per share (as of Nov 7, 2026, price kr 98.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BMC?
Brock Milton Capital AB (publ) trades at a price-to-earnings ratio of 17.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 122.00 is built from several models across several years. Other multiples: P/B 11.3, P/S 2.6.
How solid is the balance sheet of Brock Milton Capital AB (publ) (BMC)?
Balance-sheet figures for Brock Milton Capital AB (publ) (as of Nov 7, 2026): return on equity 87.4%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is BMC from its 52-week high?
Brock Milton Capital AB (publ) trades at kr 98.80, about 12% below its 52-week high of kr 112.59 and 20% above the low of kr 82.19 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 122.00 is for.
Which stocks are comparable to Brock Milton Capital AB (publ)?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, 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 Brock Milton Capital AB (publ) stock attractive at the current price?
The data as of Nov 7, 2026: price kr 98.80, calculated fair value kr 122.00 (+23%), Quality Score 71/100, from 12 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 BMC calculated?
We run Brock Milton Capital AB (publ) through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 122.00 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Brock Milton Capital AB (publ) currently trades 19% 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 Brock Milton Capital AB (publ) (BMC)?
The closing price on Nov 6, 2026 was kr 98.80. Our model-based fair value is kr 122.00, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Brock Milton Capital AB (publ) right now?
The model range is unusually wide (kr 59.99 to kr 187.32). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (71/100) 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 Brock Milton Capital AB (publ)
How large is the market capitalisation of Brock Milton Capital AB (publ) (BMC)?
The market capitalisation of Brock Milton Capital AB (publ) is 398M SEK (≈ $40.2M). 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 is the P/S ratio of Brock Milton Capital AB (publ) (BMC)?
The price-to-sales ratio of Brock Milton Capital AB (publ) is 2.57 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Brock Milton Capital AB (publ) (BMC)?
Earnings per share at Brock Milton Capital AB (publ) are kr 5.66 (price ÷ EPS = P/E 17.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Brock Milton Capital AB (publ) (BMC)?
The dividend yield of Brock Milton Capital AB (publ) is 4.7% (payout 82.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Brock Milton Capital AB (publ) (BMC)?
The net margin of Brock Milton Capital AB (publ) is 14.7% (last twelve months). 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 Brock Milton Capital AB (publ) (BMC)?
The return on equity (ROE) of Brock Milton Capital AB (publ) is 87.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Brock Milton Capital AB (publ) (BMC)?
The return on assets (ROA) of Brock Milton Capital AB (publ) is 29.9% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of Brock Milton Capital AB (publ) (BMC)?
The operating margin of Brock Milton Capital AB (publ) is 19.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Brock Milton Capital AB (publ) (BMC)?
Revenue at Brock Milton Capital AB (publ) is growing +7.7% versus a year earlier (3y avg +36.6%). 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 Brock Milton Capital AB (publ) (BMC)?
Earnings per share at Brock Milton Capital AB (publ) are growing +24.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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Nov 7, 2026