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Flat Capital AB Series B (FLAT-B) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Flat Capital AB Series B stock SEK 7.75, price SEK 8.55, that is 9.3% below the price, quality 23 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Financial Services SE · ISIN SE0016609846

FC Flat Capital AB Series B logo Thin data Nov 10, 2026

Flat Capital AB Series B

FLAT-B · ST
Expensive, weak quality

Our calculation puts a fair price 9% below what the stock costs today.

Low debt
Profit last quarter +73% vs. a year ago.
Mixed Growth (revenue 3y +12.8 %/yr in SEK)
Mixed vs. peers (5/9)
Fair value kr 7.75 · Overvalued
Quality 23/100
Negative free cash flow
Narrow moat 37/100 · thin data
Thin data
Estimate⚠ Small free float
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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 34.74 kr 6.66 Fair Value kr 7.75 Oct 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range kr 6.66 – kr 34.74 · fair‑value band kr 5.81 – kr 9.69 · the kr 8.55 price screens above the kr 7.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Flat Capital AB (publ) is an investment company. The company was incorporated in 2013 and is based in Stockholm, Sweden. Flat Capital AB (publ) operates as a subsidiary of Double Sunday IV AB.

Stock analysis

Flat Capital AB Series B (FLAT-B) currently trades at kr 8.55, while our estimate is kr 7.75, 9% below the price, so the stock looks overvalued today.

Show more

Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: kr 5.81 (bear) to kr 9.69 (bull), the price of kr 8.55 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 23/100 (below-average quality), in the Financial Services sector.

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

Flat Capital AB Series B reported revenue of 34.6M SEK in FY2025 versus 9.2M SEK in FY2021, a compound +39.2%/yr. Reported net income was −2.3B SEK in FY2025.

Key figures

Market cap 4.3B SEK (≈ $427M) Small · EPS (TTM) kr −6.73 · Return on equity −60.4% · Return on assets (EBIT) −7.4% (5-year average) · Operating margin 99.5% · Revenue (TTM) −3.7B SEK · Revenue growth (YoY) +13.1% · EPS growth (YoY) +72.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).

What moves the price

The share trades about 51% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −9%, FLAT-B screens richer than that median.

Fair Value

Bear kr 5.81 Fair Value kr 7.75 Bull kr 9.69
Price kr 8.55 · Downside -9.3%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 23/100

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

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 50
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 77
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 18
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 6
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. 26/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2,534.1%
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.
+12.8%
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.
+7.6%
Profit margin (trend) ⓘ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.
5,687.1% (2020) → −6,595.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

FLAT-B screens overvalued: fair value 9% below the price. Compare with Blackstone Inc →

Compare Flat Capital AB Series B with another stock

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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 · 633 stocks

Beats the industry median on 4/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 23 · Bottom 25%
Fair Value upside −9.3% · Below median
Profitability
Return on assets −33.1% · Bottom 25%
Operating margin (12 months) 99.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 13.1% · Above median

Valuation Multiplesvs Asset Management median · lower = cheaper

P/B 0.06× · Cheapest 25%
EV/EBITDA 2.8× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)21 · sector 37
FUTURE (revenue growth)66 · sector 36
PAST (return on equity)0 · sector 21
HEALTH (low debt)100 · sector 96
DIVIDEND (yield)0 · sector 75

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 Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Raymond James Financial, Inc RJF $167.13 $281.42 +68% vs FLAT-B
Apollo Global Management, Inc APO $122.95 $197.52 +61% vs FLAT-B
Ameriprise Financial, Inc AMP $520.06 $639.69 +23% vs FLAT-B
Exor N.V EXO €74.45 €76.42 +3% vs FLAT-B
State Street Corporation STT $174.17 $168.03 −4% vs FLAT-B
Northern Trust Corporation NTRS $178.71 $133.48 −25% vs FLAT-B
Ares Management Corporation ARES $137.89 $99.35 −28% vs FLAT-B
Brookfield Asset Management Ltd BAM $52.56 $31.26 −41% vs FLAT-B
Blackstone Inc BX $122.01 $52.29 −57% vs FLAT-B
KKR & Co KKR $100.05 $27.63 −72% vs FLAT-B

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Flat Capital AB Series B: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Flat Capital AB Series B Fair Value". https://www.fairvalue-calculator.com/stock/FLAT-B

Frequently asked questions

Is Flat Capital AB Series B (FLAT-B) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is kr 7.75 versus a price of kr 8.55, about 9% lower (overvalued).
What is the fair value of FLAT-B?
Our estimate for Flat Capital AB Series B is kr 7.75 (as of Nov 10, 2026), built from audited fundamentals. The current price: kr 8.55.
What is the quality score of FLAT-B?
Flat Capital AB Series B has a Quality Score of 23/100. 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 Flat Capital AB Series B (FLAT-B)?
Our calculated price target is the estimate of kr 7.75 (as of Nov 10, 2026). Cautious scenario kr 5.81, optimistic scenario kr 9.69. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Flat Capital AB Series B stock forecast for 2026?
Our estimate puts fair value at kr 7.75, about 9% lower versus a price of kr 8.55 (overvalued). Cautious scenario kr 5.81, optimistic scenario kr 9.69. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Flat Capital AB Series B (FLAT-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Flat Capital AB Series B it is kr 7.75 per share (as of Nov 10, 2026), against a price of kr 8.55.
Is Flat Capital AB Series B stock overvalued or undervalued in 2026?
As of Nov 10, 2026, FLAT-B trades above its calculated fair value: price kr 8.55, fair value kr 7.75, a gap of about −9% (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 FLAT-B?
No. The price is what the market pays today (kr 8.55); the fair value is what the company's own numbers justify (kr 7.75). For Flat Capital AB Series B the two are kr 0.7950 per share apart. That gap is exactly why we show both numbers side by side.
How much is Flat Capital AB Series B worth?
The market values Flat Capital AB Series B at about 4.3B SEK (market capitalisation, as of Nov 10, 2026). Per share that is kr 8.55; our models calculate a fair value of kr 7.75 per share.
What do the bullish and bearish scenarios say about FLAT-B?
Our models span a range for Flat Capital AB Series B: cautious scenario kr 5.81, base kr 7.75, optimistic kr 9.69 per share (as of Nov 10, 2026, price kr 8.55). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Flat Capital AB Series B (FLAT-B)?
Balance-sheet figures for Flat Capital AB Series B (as of Nov 10, 2026): return on equity −60.4%. They feed the Quality Score of 23/100, which measures business quality independently of the share price.
How far is FLAT-B from its 52-week high?
Flat Capital AB Series B trades at kr 8.55, about 51% below its 52-week high of kr 17.42 and 15% above the low of kr 7.40 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of kr 7.75 is for.
Which stocks are comparable to Flat Capital AB Series B?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Asset Management Ltd, 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 Flat Capital AB Series B stock attractive at the current price?
The data as of Nov 10, 2026: price kr 8.55, calculated fair value kr 7.75 (−9%), Quality Score 23/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Flat Capital AB Series B 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 Flat Capital AB Series B (FLAT-B)?
The closing price on Nov 11, 2026 was kr 8.55. Our estimate is kr 7.75, about 9% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Flat Capital AB Series B right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 Flat Capital AB Series B

How large is the market capitalisation of Flat Capital AB Series B (FLAT-B)?
The market capitalisation of Flat Capital AB Series B is 4.3B SEK (≈ $427M). 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 Flat Capital AB Series B (FLAT-B)?
Earnings per share at Flat Capital AB Series B are kr −6.73. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Flat Capital AB Series B (FLAT-B)?
The return on equity (ROE) of Flat Capital AB Series B is −60.4% (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 Flat Capital AB Series B (FLAT-B)?
On an EBIT basis the return on assets of Flat Capital AB Series B is −7.4% (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 Flat Capital AB Series B (FLAT-B)?
The operating margin of Flat Capital AB Series B is 99.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does Flat Capital AB Series B (FLAT-B) generate?
Flat Capital AB Series B generates revenue of −3.7B SEK (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 Flat Capital AB Series B (FLAT-B)?
Revenue at Flat Capital AB Series B is growing +13.1% versus a year earlier (3y avg +12.8%). 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 Flat Capital AB Series B (FLAT-B)?
Earnings per share at Flat Capital AB Series B are growing +72.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Flat Capital AB Series B (FLAT-B) generate?
The free cash flow of Flat Capital AB Series B is −21.2M 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 cash does Flat Capital AB Series B (FLAT-B) hold?
Flat Capital AB Series B holds more cash than debt, 144M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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