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K33 AB (publ) (K33) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of K33 AB (publ) stock SEK 0.02, price SEK 0.02, that is 3.4% below the price, quality 31 out of 100. Rating: fairly valued. 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

KA K33 AB (publ) logo Thin data Nov 10, 2026

K33 AB (publ)

K33 · ST
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Fair value kr 0.0172 · Fairly valued
Expensive Growth (revenue 5y +308.6 %/yr in SEK)
Revenue last quarter 52% below a year ago.
Quality 31/100
Loss-making · -4.4% net margin (TTM)
Negative free cash flow
Trails peers (2/10)
Narrow moat 10/100 · thin data
Thin data
Estimate
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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 0.2450 kr 0.0091 Fair Value kr 0.0172 Aug 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 0.0091 – kr 0.2450 · fair‑value band kr 0.0166 – kr 0.0178 · the kr 0.0178 price screens above the kr 0.0172 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

K33 AB (publ), through its subsidiaries, trades in and invests in digital assets in Sweden and internationally. The company offers execution, actionable insights, and support to private and institutional partners.

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The company was formerly known as Arcario AB and changed its name to K33 AB (publ) in December 2024. K33 AB (publ) is headquartered in Stockholm, Sweden.

Stock analysis

K33 AB (publ) (K33) currently trades at kr 0.0178, while our estimate is kr 0.0172, so the stock looks roughly fairly valued today (gap 3.5%).

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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 0.0166 (bear) to kr 0.0178 (bull), the price of kr 0.0178 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 31/100 (below-average quality), in the Financial Services sector.

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

K33 AB (publ) reported revenue of 2.2B SEK in FY2025 versus 332M SEK in FY2021, a compound +60.6%/yr. Reported net income was −52.1M SEK in FY2025.

Key figures

Market cap 270M SEK (≈ $27.3M) Micro · P/S ratio 0.13 · EPS (TTM) kr −0.0100 · Net margin −4.4% · Return on equity −170% · Return on assets (EBIT) −62.3% (5-year average) · Operating margin −7.3% · Revenue (TTM) 2.3B SEK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 55% below its 52-week high and at 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 −3%, K33 screens cheaper than that median.

Fair Value

Bear kr 0.0166 Fair Value kr 0.0172 Bull kr 0.0178
Price kr 0.0178 · Downside -3.4%
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 31/100

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

Profitability 23
How much profit the company makes from its sales and capital
Quality Growth 36
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 70
Debt, balance sheet and risk of trouble
Investment 30
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 13
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 20
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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+130.7%
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.
+97.4%
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.
+308.6%
Start year 2020 (pandemic)
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.
−1,109.1% (2020) → −2.4% (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

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Compare K33 AB (publ) 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.Capital Markets · 455 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 31 · Bottom 25%
Fair Value upside −3.4% · Below median
Profitability
Return on assets −32.9% · Bottom 25%
Net margin (12 months) −4.4% · Bottom 25%
Operating margin (12 months) −7.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −51.7% · Bottom 25%

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/B 1.82× · Pricier than median
P/S (12 months) 0.12× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)29 · sector 32
FUTURE (revenue growth)0 · sector 58
PAST (return on equity)0 · sector 31
HEALTH (low debt)100 · sector 94
DIVIDEND (yield)0 · sector 46

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 Capital Markets stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Morgan Stanley MS $187.56 $260.72 +39% vs K33
The Charles Schwab Corporation SCHW $93.03 $117.60 +26% vs K33
Guotai Haitong Securities Co 601211 ¥16.21 ¥18.02 +11% vs K33
Nomura Holdings NMR $9.51 $10.17 +7% vs K33
The Goldman Sachs Group GS $910.19 $766.86 −16% vs K33
CITIC Securities Company 600030 ¥25.53 ¥20.42 −20% vs K33
Robinhood Markets, Inc HOOD $81.33 $47.60 −41% vs K33
Macquarie Group MQG A$249.23 A$123.84 −50% vs K33
East Money Information Co 300059 ¥18.78 ¥6.72 −64% vs K33
Interactive Brokers Group IBKR $77.59 $17.48 −77% vs K33

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K33 AB (publ): fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "K33 AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/K33

Frequently asked questions

Is K33 AB (publ) (K33) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is kr 0.0172 versus a price of kr 0.0178, about 3% lower (fairly valued).
What is the fair value of K33?
Our estimate for K33 AB (publ) is kr 0.0172 (as of Nov 10, 2026), built from audited fundamentals. The current price: kr 0.0178.
What is the quality score of K33?
K33 AB (publ) has a Quality Score of 31/100. 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 K33 AB (publ) (K33)?
Our calculated price target is the estimate of kr 0.0172 (as of Nov 10, 2026). Cautious scenario kr 0.0166, optimistic scenario kr 0.0178. 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 K33 AB (publ) stock forecast for 2026?
Our estimate puts fair value at kr 0.0172, about 3% lower versus a price of kr 0.0178 (fairly valued). Cautious scenario kr 0.0166, optimistic scenario kr 0.0178. The calculation is refreshed regularly with new filings.
What is the revenue of K33 AB (publ) (K33)?
K33 AB (publ) reported trailing-twelve-month revenue of about 2.3B SEK (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of K33 AB (publ) (K33)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For K33 AB (publ) it is kr 0.0172 per share (as of Nov 10, 2026), against a price of kr 0.0178.
Is K33 AB (publ) stock overvalued or undervalued in 2026?
As of Nov 10, 2026, K33 trades above its calculated fair value: price kr 0.0178, fair value kr 0.0172, a gap of about −3% (fairly valued). 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 K33?
No. The price is what the market pays today (kr 0.0178); the fair value is what the company's own numbers justify (kr 0.0172). For K33 AB (publ) the two are kr 0.0006 per share apart. That gap is exactly why we show both numbers side by side.
How much is K33 AB (publ) worth?
The market values K33 AB (publ) at about 270M SEK (market capitalisation, as of Nov 10, 2026). Per share that is kr 0.0178; our models calculate a fair value of kr 0.0172 per share.
What do the bullish and bearish scenarios say about K33?
Our models span a range for K33 AB (publ): cautious scenario kr 0.0166, base kr 0.0172, optimistic kr 0.0178 per share (as of Nov 10, 2026, price kr 0.0178). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of K33 AB (publ) (K33)?
Balance-sheet figures for K33 AB (publ) (as of Nov 10, 2026): return on equity −170.4%. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is K33 from its 52-week high?
K33 AB (publ) trades at kr 0.0178, about 55% below its 52-week high of kr 0.0399 and at the low of kr 0.0178 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.0172 is for.
Which stocks are comparable to K33 AB (publ)?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 K33 AB (publ) stock attractive at the current price?
The data as of Nov 10, 2026: price kr 0.0178, calculated fair value kr 0.0172 (−3%), Quality Score 31/100. 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 15.1% above its aggregate fair value. K33 AB (publ) 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 K33 AB (publ) (K33)?
The closing price on Nov 10, 2026 was kr 0.0178. Our estimate is kr 0.0172, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with K33 AB (publ) right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (kr 0.0166 to kr 0.0178), unusually little disagreement for a valuation. 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 K33 AB (publ)

How large is the market capitalisation of K33 AB (publ) (K33)?
The market capitalisation of K33 AB (publ) is 270M SEK (≈ $27.3M). 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 K33 AB (publ) (K33)?
The price-to-sales ratio of K33 AB (publ) is 0.13 (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 K33 AB (publ) (K33)?
Earnings per share at K33 AB (publ) are kr −0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of K33 AB (publ) (K33)?
The net margin of K33 AB (publ) is −4.4% (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 K33 AB (publ) (K33)?
The return on equity (ROE) of K33 AB (publ) is −170% (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 K33 AB (publ) (K33)?
On an EBIT basis the return on assets of K33 AB (publ) is −62.3% (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 K33 AB (publ) (K33)?
The operating margin of K33 AB (publ) is −7.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at K33 AB (publ) (K33)?
Revenue at K33 AB (publ) is growing −51.7% versus a year earlier (3y avg +97.4%). 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 K33 AB (publ) (K33) generate?
The free cash flow of K33 AB (publ) is −173M 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 K33 AB (publ) (K33) hold?
K33 AB (publ) holds more cash than debt, 6.3M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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