Case Group AB (CASE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Case Group AB stock SEK 29.35, price SEK 19.70, upside +49.0%, quality 67 out of 100. Rating: undervalued. Calculated from audited financials with 13 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 5, 2026.
How to read this chart
59‑month range kr 9.49 – kr 48.24 · fair‑value band kr 18.50 – kr 49.30 · the kr 19.70 price screens below the kr 29.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 5, 2026.
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Case Group AB (publ) provides wealth management services for private clients in Sweden. It offers various investment products, such as equity, fixed income, money markets, and alternative strategies; and fund management, case elite, and institutional management services.
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The company was founded in 2004 and is headquartered in Stockholm, Sweden.
Stock analysis
Case Group AB (CASE) currently trades at kr 19.70, while our model-based Fair Value estimate is kr 29.35, implying the stock looks roughly 33% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of kr 50.37 per share, and 8 of the 13 models we run sit above the kr 19.70 price.
Bear case: the Economic Profit group reads lowest at kr 10.37, and 5 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 18.50 (bear) to kr 49.30 (bull), the price of kr 19.70 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 67/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Case Group AB reported revenue of 212M SEK in FY2025 versus 114M SEK in FY2021, a compound +16.8%/yr. Reported net income was 42.1M SEK in FY2025, compounding +5.8%/yr from FY2021.
Key figures
Market cap 634M SEK (≈ $64.2M) Micro · P/E ratio 15.9 · P/S ratio 3.03 · EPS (TTM) kr 1.24 · Dividend yield 3.8% · Net margin 17.8% · Return on equity 11.8% · Return on assets (EBIT) 13.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 49%, CASE screens cheaper than that median.
Fair Value models
Bearkr 18.50Fair Value kr 29.35Bullkr 49.30
Price kr 19.70 · Upside +49.0%
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 0.4202 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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+26.9%
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.
+55.3%
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.
+22.8%
Start year 2020 (pandemic)
Revenue growth 6 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.
+14.3%
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+6.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.5%
Dividend (yield on the price)3.8%
Profit margin 2020 to 2025 ⓘ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.24% → 25%
2025 sits 373% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+6.3%
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 +4.3% a year for the price.
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 · 587 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Above median
Fair Value upside+49.0% · Above median
Profitability
Return on equity (12 months)11.8% · Above median
Return on assets10.6% · Top 25%
Net margin (12 months)17.8% · Below median
Operating margin (12 months)22.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)−3.9% · Below median
Dividend yield (12 months)3.8% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)15.9× · Pricier than median
P/B1.92× · Priciest 25%
P/S (12 months)3.03× · Cheaper than median
Price / free cash flow (fiscal year)15.7× · 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). "Case Group AB Fair Value". https://www.fairvalue-calculator.com/stock/CASE
Frequently asked questions
Is Case Group AB (CASE) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of kr 29.35 versus a price of kr 19.70, about +49% upside (undervalued).
What is the fair value of CASE?
Our model-based fair value for Case Group AB is kr 29.35 (as of Nov 5, 2026), built from audited fundamentals. The current price: kr 19.70.
What is the quality score of CASE?
Case Group AB has a Quality Score of 67/100. 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 Case Group AB (CASE)?
Our model-based price target is the fair value of kr 29.35 (as of Nov 5, 2026) from 13 valuation models. Cautious scenario kr 18.50, optimistic scenario kr 49.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Case Group AB stock forecast for 2026?
Our models put fair value at kr 29.35, about +49% upside versus a price of kr 19.70 (undervalued). Cautious scenario kr 18.50, optimistic scenario kr 49.30. The calculation is refreshed regularly with new filings.
What is the revenue of Case Group AB (CASE)?
Case Group AB reported trailing-twelve-month revenue of about 209M SEK (latest available figure, as of Nov 5, 2026).
Does Case Group AB pay a dividend?
Case Group AB currently shows a dividend yield of 3.81% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Case Group AB (CASE) and when is the ex-dividend date?
Case Group AB pays a dividend of kr 0.75 per share a year, a dividend yield of 3.8%. The last ex-dividend date was May 22, 2026. The payout ratio is 60.5% of earnings. Free cash flow covers the dividend 1.68 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Case Group AB (CASE)?
For today's price to be fair in a discounted-cash-flow model, Case Group AB would have to grow free cash flow by +6.3 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.8 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of CASE use?
Our models discount Case Group AB at 11.0 %: a base by market capitalisation (micro), damped by beta 0.35, 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 Case Group AB that is +6.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Case Group AB (CASE) delivered so far?
Over the past 5 years revenue at Case Group AB grew +22.8 % a year. The price currently implies free-cash-flow growth of +6.3 % 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 Case Group AB (CASE) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Case Group AB (+6.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Case Group AB (CASE)?
The free-cash-flow yield on the price is 6.38 %: that much free cash flow Case Group AB produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Case Group AB (CASE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Case Group AB it is kr 29.35 per share (as of Nov 5, 2026), against a price of kr 19.70. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Case Group AB stock overvalued or undervalued in 2026?
As of Nov 5, 2026, CASE trades below its calculated fair value: price kr 19.70, fair value kr 29.35, a gap of about +49% (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 CASE?
No. The price is what the market pays today (kr 19.70); the fair value is what the company's own numbers justify (kr 29.35). For Case Group AB the two are kr 9.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is Case Group AB worth?
The market values Case Group AB at about 634M SEK (market capitalisation, as of Nov 5, 2026). Per share that is kr 19.70; our models calculate a fair value of kr 29.35 per share.
What do the bullish and bearish scenarios say about CASE?
Our models span a range for Case Group AB: cautious scenario kr 18.50, base kr 29.35, optimistic kr 49.30 per share (as of Nov 5, 2026, price kr 19.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CASE?
Case Group AB trades at a price-to-earnings ratio of 15.9 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 29.35 is built from several models across several years. Other multiples: P/B 1.9, P/S 3.0, EV/EBITDA 12.1.
How solid is the balance sheet of Case Group AB (CASE)?
Balance-sheet figures for Case Group AB (as of Nov 5, 2026): return on equity 11.8%, debt of 0.03 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is CASE from its 52-week high?
Case Group AB trades at kr 19.70, about 29% below its 52-week high of kr 27.84 and 1% above the low of kr 19.53 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 29.35 is for.
Which stocks are comparable to Case Group AB?
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 Case Group AB stock attractive at the current price?
The data as of Nov 5, 2026: price kr 19.70, calculated fair value kr 29.35 (+49%), Quality Score 67/100, from 13 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 CASE calculated?
We run Case Group AB through 13 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 29.35 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 13.3% above its aggregate fair value. Case Group AB currently trades 33% 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 Case Group AB (CASE)?
The closing price on Nov 6, 2026 was kr 19.70. Our model-based fair value is kr 29.35, about +49% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Case Group AB right now?
The model range is unusually wide (kr 18.50 to kr 49.30). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (67/100) 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 Case Group AB
How large is the market capitalisation of Case Group AB (CASE)?
The market capitalisation of Case Group AB is 634M SEK (≈ $64.2M). 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 Case Group AB (CASE)?
The price-to-sales ratio of Case Group AB is 3.03 (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 Case Group AB (CASE)?
Earnings per share at Case Group AB are kr 1.24 (price ÷ EPS = P/E 15.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Case Group AB (CASE)?
The dividend yield of Case Group AB is 3.8% (payout 60.5%). 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 Case Group AB (CASE)?
The net margin of Case Group AB is 17.8% (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 Case Group AB (CASE)?
The return on equity (ROE) of Case Group AB is 11.8% (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 Case Group AB (CASE)?
On an EBIT basis the return on assets of Case Group AB is 13.7% (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 Case Group AB (CASE)?
The operating margin of Case Group AB is 22.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Case Group AB (CASE)?
Revenue at Case Group AB is growing −3.9% versus a year earlier (3y avg +55.3%). 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 Case Group AB (CASE)?
Earnings per share at Case Group AB are growing −12.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Case Group AB (CASE) hold?
Case Group AB holds more cash than debt, 56.4M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 5, 2026