Loyal Solutions AS (LOYAL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Loyal Solutions AS stock SEK 13.90, price SEK 9.10, upside +52.7%, quality 71 out of 100. Rating: strongly undervalued. Calculated from audited financials with 21 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 4, 2026.
How to read this chart
60‑month range kr 2.22 – kr 20.00 · fair‑value band kr 9.29 – kr 18.07 · the kr 9.10 price screens below the kr 13.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Loyal Solutions A/S engages in the development, implementation, and operation of SaaS loyalty solutions based on payment/card-linked technology worldwide. It offers LoyalTfacts, a SaaS platform.
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The company provides solutions for loyalty, financial, airlines, malls, hospitality, telecom, security, and technology industries. Loyal Solutions A/S was incorporated in 2005 and is based in Copenhagen, Denmark.
Stock analysis
Loyal Solutions AS (LOYAL) currently trades at kr 9.10, while our model-based Fair Value estimate is kr 13.90, implying the stock looks roughly 35% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 22.66 per share, and 16 of the 21 models we run sit above the kr 9.10 price.
Bear case: the Economic Profit group reads lowest at kr 3.54, and 5 of the 21 models stay below the price. Data coverage for this calculation is low.
Scenario range: kr 9.29 (bear) to kr 18.07 (bull), the price of kr 9.10 sits below 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 Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Loyal Solutions AS reported revenue of 57.2M DKK in FY2026 versus 18.3M DKK in FY2022, a compound +33.0%/yr. Reported net income was 1.8M DKK in FY2026.
Key figures
Market cap 86.5M SEK (≈ $8.8M) Micro · P/E ratio 32.5 · P/S ratio 1.02 · EPS (TTM) kr 0.2800 · Net margin 3.1% · Return on equity −112% · Return on assets (EBIT) −42.0% (5-year average) · Operating margin 8.1%.
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 17% below its 52-week high and 207% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 53%, LOYAL screens cheaper than that median.
Fair Value models
Bearkr 9.29Fair Value kr 13.90Bullkr 18.07
Price kr 9.10 · Upside +52.7%
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 2026 figures (about 4 months old). Earnings retained since then (kr 0.1013 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.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+46.3%
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.
+28.6%
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.
+31.4%
Start year 2021 (pandemic)
Revenue growth 7 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.
+25.2%
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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.
−67.6% (2021) → 7.6% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
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).
+8.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in DKK, Denmark: IMF forecast 2.1% a year to 2030, 2.0% from 2016 to 2025) that is about +6.0% 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.Software - Application · 628 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+52.7% · Top 25%
Profitability
Return on equity (12 months)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets6.8% · Above median
Net margin (12 months)3.1% · Below median
Operating margin (12 months)8.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)37.2% · Top 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)32.5× · Pricier than median
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months)1.02× · Cheapest 25%
Price / free cash flow (fiscal year)14.4× · Cheaper than median
EV/EBITDA15.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 29
FUTURE (revenue growth)100· sector 41
PAST (return on equity)0· sector 20
HEALTH (low debt)0· sector 98
DIVIDEND (yield)0· sector 29
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Loyal Solutions AS Fair Value". https://www.fairvalue-calculator.com/stock/LOYAL
Frequently asked questions
Is Loyal Solutions AS (LOYAL) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of kr 13.90 versus a price of kr 9.10, about +53% upside (undervalued).
What is the fair value of LOYAL?
Our model-based fair value for Loyal Solutions AS is kr 13.90 (as of Nov 4, 2026), built from audited fundamentals. The current price: kr 9.10.
What is the quality score of LOYAL?
Loyal Solutions AS 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 Loyal Solutions AS (LOYAL)?
Our model-based price target is the fair value of kr 13.90 (as of Nov 4, 2026) from 21 valuation models. Cautious scenario kr 9.29, optimistic scenario kr 18.07. It is a calculation from audited fundamentals, not an analyst target.
What is the Loyal Solutions AS stock forecast for 2026?
Our models put fair value at kr 13.90, about +53% upside versus a price of kr 9.10 (undervalued). Cautious scenario kr 9.29, optimistic scenario kr 18.07. The calculation is refreshed regularly with new filings.
What is the revenue of Loyal Solutions AS (LOYAL)?
Loyal Solutions AS reported trailing-twelve-month revenue of about 57.2M DKK (latest available figure, as of Nov 4, 2026).
What growth is priced into Loyal Solutions AS (LOYAL)?
For today's price to be fair in a discounted-cash-flow model, Loyal Solutions AS would have to grow free cash flow by +8.3 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +31.4 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of LOYAL use?
Our models discount Loyal Solutions AS at 9.3 %: a base by market capitalisation (nano), damped by beta 0.92, 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 Loyal Solutions AS that is +8.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Loyal Solutions AS (LOYAL) delivered so far?
Over the past 5 years revenue at Loyal Solutions AS grew +31.4 % a year. The price currently implies free-cash-flow growth of +8.3 % 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 Loyal Solutions AS (LOYAL) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Loyal Solutions AS (+8.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Loyal Solutions AS (LOYAL)?
The free-cash-flow yield on the price is 6.91 %: that much free cash flow Loyal Solutions AS produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Loyal Solutions AS (LOYAL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Loyal Solutions AS it is kr 13.90 per share (as of Nov 4, 2026), against a price of kr 9.10. It is the blended result of 21 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Loyal Solutions AS stock overvalued or undervalued in 2026?
As of Nov 4, 2026, LOYAL trades below its calculated fair value: price kr 9.10, fair value kr 13.90, a gap of about +53% (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 LOYAL?
No. The price is what the market pays today (kr 9.10); the fair value is what the company's own numbers justify (kr 13.90). For Loyal Solutions AS the two are kr 4.80 per share apart. That gap is exactly why we show both numbers side by side.
How much is Loyal Solutions AS worth?
The market values Loyal Solutions AS at about 86.5M SEK (market capitalisation, as of Nov 4, 2026). Per share that is kr 9.10; our models calculate a fair value of kr 13.90 per share.
What do the bullish and bearish scenarios say about LOYAL?
Our models span a range for Loyal Solutions AS: cautious scenario kr 9.29, base kr 13.90, optimistic kr 18.07 per share (as of Nov 4, 2026, price kr 9.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LOYAL?
Loyal Solutions AS trades at a price-to-earnings ratio of 32.5 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 13.90 is built from several models across several years. Other multiples: P/S 1.0, EV/EBITDA 15.5.
How solid is the balance sheet of Loyal Solutions AS (LOYAL)?
Balance-sheet figures for Loyal Solutions AS (as of Nov 4, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is LOYAL from its 52-week high?
Loyal Solutions AS trades at kr 9.10, about 17% below its 52-week high of kr 10.90 and 207% above the low of kr 2.96 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 13.90 is for.
Which stocks are comparable to Loyal Solutions AS?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Loyal Solutions AS stock attractive at the current price?
The data as of Nov 4, 2026: price kr 9.10, calculated fair value kr 13.90 (+53%), Quality Score 71/100, from 21 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 LOYAL calculated?
We run Loyal Solutions AS through 21 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 13.90 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. Loyal Solutions AS currently trades 35% 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 Loyal Solutions AS (LOYAL)?
The closing price on Nov 6, 2026 was kr 9.10. Our model-based fair value is kr 13.90, about +53% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Loyal Solutions AS right now?
The price is below even our cautious bear case (kr 9.29). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (71/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (kr 9.29 to kr 18.07) leaves room in how you read the outcome.
Key figures of Loyal Solutions AS
How large is the market capitalisation of Loyal Solutions AS (LOYAL)?
The market capitalisation of Loyal Solutions AS is 86.5M SEK (≈ $8.8M). 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 Loyal Solutions AS (LOYAL)?
The price-to-sales ratio of Loyal Solutions AS is 1.02 (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 Loyal Solutions AS (LOYAL)?
Earnings per share at Loyal Solutions AS are kr 0.2800 (price ÷ EPS = P/E 32.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Loyal Solutions AS (LOYAL)?
The net margin of Loyal Solutions AS is 3.1% (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 Loyal Solutions AS (LOYAL)?
The return on equity (ROE) of Loyal Solutions AS is −112% (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 Loyal Solutions AS (LOYAL)?
On an EBIT basis the return on assets of Loyal Solutions AS is −42.0% (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 Loyal Solutions AS (LOYAL)?
The operating margin of Loyal Solutions AS is 8.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Loyal Solutions AS (LOYAL)?
Revenue at Loyal Solutions AS is growing +37.2% versus a year earlier (3y avg +28.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Loyal Solutions AS (LOYAL) carry?
The net debt of Loyal Solutions AS is 21.5M DKK (fiscal year 2026, ≈ 5.3 yrs of FCF). 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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Thin data
Nov 4, 2026