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EmbeddedArt Group AB (EMART) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of EmbeddedArt Group AB stock SEK 0.44, price SEK 3.56, that is 87.6% below the price, quality 45 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.

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Technology SE

EG EmbeddedArt Group AB logo Thin data Nov 7, 2026

EmbeddedArt Group AB

EMART · ST
Very expensive, weak quality

Our calculation puts a fair price 88% below what the stock costs today.

Low debt
Revenue last quarter +32% vs. a year ago.
Quality 45/100
Expensive Growth (revenue 3y +196.2 %/yr in SEK)
Loss over the last twelve months · -0.7% net margin (TTM) · fiscal year 2025 2.1%
Fair value kr 0.4400 · Strongly overvalued
Negative free cash flow
Trails peers (2/11)
Narrow moat 20/100 · thin data
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 47.00 kr 0.0309 Fair Value kr 0.4400 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range kr 0.0309 – kr 47.00 · fair‑value band kr 0.3100 – kr 0.5700 · the kr 3.56 price screens above the kr 0.4400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

EmbeddedArt Group AB (publ) conducts research, development, training, and consulting within defense security systems and the IT sector, as well as related activities in Sweden.

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The company develops sonar and UV sensor systems; ship technology on naval vessels; administration, integrated logistic support, and IT-security and system safety; communication systems; as well as project management, maintenance, and verification and validation services.

It also offers underwater technology, including hydroacoustics, sensors systems, and electronics.

In addition, it provides IoT platforms and commercial applications, including boat alarms, trackers, and intelligent devices for boats under the brand C-Pod, as well as provides trackers for general use under the brand Spara.

The company was formerly known as C Security Systems AB (publ) and changed its name to EmbeddedArt Group AB (publ) in April 2024. EmbeddedArt Group AB (publ) was incorporated in 2011 and is based in Stockholm, Sweden.

Stock analysis

EmbeddedArt Group AB (EMART) currently trades at kr 3.56, while our model-based Fair Value estimate is kr 0.4400, 88% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Dividend Discount group reads highest at a median of kr 0.5900 per share, and 0 of the 13 models we run sit above the kr 3.56 price.

Bear case: the Earnings-Based group reads lowest at kr 0.1400, and 13 of the 13 models stay below the price. Data coverage for this calculation is low.

Scenario range: kr 0.3100 (bear) to kr 0.5700 (bull), the price of kr 3.56 sits above 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 45/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

EmbeddedArt Group AB reported revenue of 50.4M SEK in FY2025 versus 2.2M SEK in FY2021, a compound +119.6%/yr. Reported net income was 1.1M SEK in FY2025.

Key figures

Market cap 251M SEK (≈ $25.4M) Micro · P/S ratio 4.25 · EPS (TTM) kr −0.0200 · Dividend yield 0.9% · Net margin −0.7% · Return on equity −2.1% · Return on assets (EBIT) −21.3% (5-year average) · Operating margin −6.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).

What moves the price

The share trades about 76% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −88%, EMART screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (kr 0.1000 to kr 1.62). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear kr 0.3100 Fair Value kr 0.4400 Bull kr 0.5700
Price kr 3.56 · Downside -87.6%
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
Residual Income kr 0.2200 kr 0.2300 kr 0.2500 73
EPV kr 0.1700 kr 0.1800 kr 0.1800 71
ROIC Compounder kr 0.1700 kr 0.1800 kr 0.1800 69
All 13 models by family
Earnings-Based
Graham-Dodd kr 0.1300 kr 0.3600 kr 0.4700 62
Lynch FV kr 0.0700 kr 0.1000 kr 0.1300 58
PEG = 1.0 kr 0.0700 kr 0.1000 kr 0.1300 55
EPV kr 0.1700 kr 0.1800 kr 0.1800 71
Dividend Discount
Gordon GGM kr 0.3400 kr 0.6600 kr 0.9700 64
DDM Multi-Stage kr 0.3400 kr 0.5200 kr 0.7000 64
Multiples
P/E Multiple kr 0.3900 kr 0.5200 kr 0.6600 63
P/S Multiple kr 0.2400 kr 0.3200 kr 0.4000 58
P/B Multiple kr 1.22 kr 1.62 kr 2.03 55
Asset-Based
NCAV (Graham) kr 0.1600 kr 0.2500 kr 0.3100 54
Economic Profit
Residual Income kr 0.2200 kr 0.2300 kr 0.2500 73
ROIC Compounder kr 0.1700 kr 0.1800 kr 0.1800 69
Growth Earnings
Growth-Adj P/E kr 0.3100 kr 0.4400 kr 0.5700 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 45/100

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

Profitability 58
How much profit the company makes from its sales and capital
Quality Growth 59
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 75
Debt, balance sheet and risk of trouble
Investment 98
Does it invest with discipline instead of growing at any price?
Low Volatility 26
How calm the share price moves, does not count
Price momentum 0
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

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. 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+1.2%
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.
+196.2%
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.
−61.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−62.6%
Dividend (yield on the price)0.9%
Profit margin 2021 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.−784% → 0%

EMART screens overvalued: fair value 88% below the price. Compare with Keysight Technologies, Inc →

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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.Scientific & Technical Instruments · 160 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 45 · Bottom 25%
Fair Value upside −87.6% · Bottom 25%
Profitability
Return on assets 3.6% · Above median
Net margin (12 months) −0.7% · Below median
Operating margin (12 months) −6.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 31.7% · Top 25%
Dividend yield (12 months) 0.9% · Below median
Balance sheet
Debt / equity 0.05× · Above median

Valuation Multiplesvs Scientific & Technical Instruments median · lower = cheaper

P/B 16.22× · Priciest 25%
P/S (12 months) 4.25× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 47
PAST (return on equity)0 · sector 24
HEALTH (low debt)98 · sector 99
DIVIDEND (yield)18 · sector 20

VALUE 0: the price sits above our fair-value range.

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Garmin Ltd GRMN $285.57 $314.13 +10% vs EMART
Teledyne Technologies Incorporated TDY $618.60 $680.46 +10% vs EMART
MKS Inc MKSI $192.27 $199.16 +4% vs EMART
Cognex Corporation CGNX $47.78 $38.10 −20% vs EMART
Fortive Corporation FTV $65.37 $35.67 −45% vs EMART
Trimble Inc TRMB $54.11 $29.48 −46% vs EMART
Chroma ATE Inc 2360 1,250 TWD 607.12 TWD −51% vs EMART
Coherent Corp COHR $192.81 $92.93 −52% vs EMART
Keysight Technologies, Inc KEYS $272.13 $117.27 −57% vs EMART
AVIC Chengdu Aircraft Company 302132 ¥70.00 ¥12.60 −82% vs EMART

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EmbeddedArt Group AB: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "EmbeddedArt Group AB Fair Value". https://www.fairvalue-calculator.com/stock/EMART

Frequently asked questions

Is EmbeddedArt Group AB (EMART) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 0.4400 versus a price of kr 3.56, about 88% lower (overvalued).
What is the fair value of EMART?
Our model-based fair value for EmbeddedArt Group AB is kr 0.4400 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 3.56.
What is the quality score of EMART?
EmbeddedArt Group AB has a Quality Score of 45/100. 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 EmbeddedArt Group AB (EMART)?
Our model-based price target is the fair value of kr 0.4400 (as of Nov 7, 2026) from 13 valuation models. Cautious scenario kr 0.3100, optimistic scenario kr 0.5700. It is a calculation from audited fundamentals, not an analyst target.
What is the EmbeddedArt Group AB stock forecast for 2026?
Our models put fair value at kr 0.4400, about 88% lower versus a price of kr 3.56 (overvalued). Cautious scenario kr 0.3100, optimistic scenario kr 0.5700. The calculation is refreshed regularly with new filings.
What is the revenue of EmbeddedArt Group AB (EMART)?
EmbeddedArt Group AB reported trailing-twelve-month revenue of about 59.1M SEK (latest available figure, as of Nov 7, 2026).
Does EmbeddedArt Group AB pay a dividend?
EmbeddedArt Group AB currently shows a dividend yield of 0.90% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of EmbeddedArt Group AB (EMART)?
EmbeddedArt Group AB has a dividend yield of 0.9%.
What is the intrinsic value of EmbeddedArt Group AB (EMART)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EmbeddedArt Group AB it is kr 0.4400 per share (as of Nov 7, 2026), against a price of kr 3.56. It is the blended result of 13 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is EmbeddedArt Group AB stock overvalued or undervalued in 2026?
As of Nov 7, 2026, EMART trades above its calculated fair value: price kr 3.56, fair value kr 0.4400, a gap of about −88% (overvalued). 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 EMART?
No. The price is what the market pays today (kr 3.56); the fair value is what the company's own numbers justify (kr 0.4400). For EmbeddedArt Group AB the two are kr 3.12 per share apart. That gap is exactly why we show both numbers side by side.
How much is EmbeddedArt Group AB worth?
The market values EmbeddedArt Group AB at about 251M SEK (market capitalisation, as of Nov 7, 2026). Per share that is kr 3.56; our models calculate a fair value of kr 0.4400 per share.
What do the bullish and bearish scenarios say about EMART?
Our models span a range for EmbeddedArt Group AB: cautious scenario kr 0.3100, base kr 0.4400, optimistic kr 0.5700 per share (as of Nov 7, 2026, price kr 3.56). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of EmbeddedArt Group AB (EMART)?
Balance-sheet figures for EmbeddedArt Group AB (as of Nov 7, 2026): return on equity −2.1%, debt of 0.05 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is EMART from its 52-week high?
EmbeddedArt Group AB trades at kr 3.56, about 76% below its 52-week high of kr 14.65 and at the low of kr 3.56 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.4400 is for.
Which stocks are comparable to EmbeddedArt Group AB?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Coherent Corp, Teledyne Technologies Incorporated, 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 EmbeddedArt Group AB stock attractive at the current price?
The data as of Nov 7, 2026: price kr 3.56, calculated fair value kr 0.4400 (−88%), Quality Score 45/100, 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 EMART calculated?
We run EmbeddedArt Group AB through 13 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 0.4400 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. EmbeddedArt Group AB itself currently trades above fair value. 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 EmbeddedArt Group AB (EMART)?
The closing price on Nov 6, 2026 was kr 3.56. Our model-based fair value is kr 0.4400, about 88% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EmbeddedArt Group AB right now?
The price sits above even our optimistic bull case (kr 0.5700). The favourable scenario is already priced in. Weak quality (45/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (kr 0.3100 to kr 0.5700) leaves room in how you read the outcome.

Key figures of EmbeddedArt Group AB

How large is the market capitalisation of EmbeddedArt Group AB (EMART)?
The market capitalisation of EmbeddedArt Group AB is 251M SEK (≈ $25.4M). 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 EmbeddedArt Group AB (EMART)?
The price-to-sales ratio of EmbeddedArt Group AB is 4.25 (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 EmbeddedArt Group AB (EMART)?
Earnings per share at EmbeddedArt Group AB are kr −0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of EmbeddedArt Group AB (EMART)?
The dividend yield of EmbeddedArt Group AB is 0.9%. 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 EmbeddedArt Group AB (EMART)?
The net margin of EmbeddedArt Group AB is −0.7% (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 EmbeddedArt Group AB (EMART)?
The return on equity (ROE) of EmbeddedArt Group AB is −2.1% (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 EmbeddedArt Group AB (EMART)?
On an EBIT basis the return on assets of EmbeddedArt Group AB is −21.3% (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 EmbeddedArt Group AB (EMART)?
The operating margin of EmbeddedArt Group AB is −6.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EmbeddedArt Group AB (EMART)?
Revenue at EmbeddedArt Group AB is growing +31.7% versus a year earlier (3y avg +196%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does EmbeddedArt Group AB (EMART) generate?
The free cash flow of EmbeddedArt Group AB is −4.2M SEK (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 EmbeddedArt Group AB (EMART) carry?
The net debt of EmbeddedArt Group AB is 5.2M SEK (fiscal year 2023). 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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