EN DE
Watch Midsummer AB (publ) for free: we tell you when fair value or trend changes.
Data-driven stock valuation

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

As of Nov 6, 2026: fair value (intrinsic value) of Midsummer AB (publ) stock SEK 0.67, price SEK 1.21, that is 44.3% below the price, quality 27 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Technology SE · ISIN SE0011281757

MA Midsummer AB (publ) logo Thin data Nov 9, 2026

Midsummer AB (publ)

MIDS · ST
Very expensive, weak quality

Our calculation puts a fair price 44% below what the stock costs today.

Revenue last quarter +29% vs. a year ago.
Mixed Growth (revenue 5y +18.0 %/yr in SEK)
Fair value kr 0.6715 · Strongly overvalued
Quality 27/100
Loss-making · -5.3% net margin (TTM)
High debt
Negative free cash flow
Trails peers (1/11)
Narrow moat 10/100 · thin data
Thin data
⚠ Dilution
Watch Midsummer AB (publ) for free: we tell you when fair value or trend changes. Watch for free

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 11.43 kr 0.6900 Fair Value kr 0.6715 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range kr 0.6900 – kr 11.43 · fair‑value band kr 0.5015 – kr 1.01 · the kr 1.21 price screens above the kr 0.6715 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.

Follow Midsummer AB (publ) in your weekly email

Every Wednesday you see whether Midsummer AB (publ) is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Midsummer AB (publ) develops, manufactures, and sells solar panels to industrial and commercial properties, public sector organizations, private individuals, and roof and solar cell installers.

Show moreShow less

It offers Midsummer DUO, a ready-made manufacturing system to produce cadmium-free thin-film solar cells; Midsummer UNO, a tool for thin films used for solar cell research; Midsummer SLIM, a solar roof that combines thin solar panels with a seamed sheet metal roof; Midsummer WAVE, a wave-shaped solar panel for roof tiles; and Midsummer BOLD, an ultra-light and flexible solar panel for roofs.

It operates in Sweden, Portugal, Italy, rest of European Union, Hong Kong, the United States, and internationally. The company was incorporated in 2004 and is headquartered in Järfälla, Sweden.

Stock analysis

Midsummer AB (publ) (MIDS) currently trades at kr 1.21, while our model-based Fair Value estimate is kr 0.6715, 44% below the price, so the stock looks overvalued today.

Show more

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: kr 0.5015 (bear) to kr 1.01 (bull), the price of kr 1.21 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 27/100 (below-average quality), in the Technology sector.

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

Midsummer AB (publ) reported revenue of 164M SEK in FY2025 versus 94.4M SEK in FY2021, a compound +14.9%/yr. Reported net income was −74.4M SEK in FY2025.

Key figures

Market cap 637M SEK (≈ $64.4M) Micro · P/S ratio 2.72 · EPS (TTM) kr 0.0200 · Net margin −45.3% · Return on equity −5.2% · Return on assets (EBIT) −26.9% (5-year average) · Operating margin −6.0% · Revenue (TTM) 232M 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 52% below its 52-week high and 57% 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 −44%, MIDS screens richer than that median.

Fair Value models

Bear kr 0.5015 Fair Value kr 0.6715 Bull kr 1.01
Price kr 1.21 · Downside -44.3%
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 0.0172 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.
Best data coverage
NCAV (Graham) kr 0.0600 kr 0.0800 kr 0.1200 54
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.0600 kr 0.0800 kr 0.1200 54

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 27/100

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

Profitability 7
How much profit the company makes from its sales and capital
Quality Growth 100
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 14
Debt, balance sheet and risk of trouble
Investment 81
Does it invest with discipline instead of growing at any price?
Low Volatility 45
How calm the share price moves, does not count
Price momentum 20
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 13
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. 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+215.5%
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.
+45.5%
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.
+18.0%
Start year 2020 (pandemic). Over 10 years: +18.2% a year
Revenue growth 13 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.
+20.3%
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.
−77.6% (2020) → −51.8% (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

MIDS screens overvalued: fair value 44% below the price. Compare with First Solar, Inc →

Compare Midsummer AB (publ) with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Solar · 97 stocks

Beats the industry median on 1/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 27 · Bottom 25%
Fair Value upside −44.3% · Below median
Profitability
Return on assets −18.0% · Bottom 25%
Net margin (12 months) −5.3% · Below median
Operating margin (12 months) −6.0% · Below median
Growth and dividend
Revenue growth (quarter YoY) 29.4% · Above median
Balance sheet
Debt / equity 1.78× · Highest 25%

Valuation Multiplesvs Solar median · lower = cheaper

P/B 5.68× · Priciest 25%
P/S (12 months) 2.74× · Pricier than median
EV/EBITDA 22.6× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 4
FUTURE (revenue growth)100 · sector 7
PAST (return on equity)0 · sector 0
HEALTH (low debt)11 · sector 82
DIVIDEND (yield)0 · sector 26

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 Solar stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
First Solar, Inc FSLR $201.14 $392.02 +95% vs MIDS
Hengdian Group 002056 ¥17.29 ¥31.86 +84% vs MIDS
Waaree Energies Limited WAAREEENER ₹2,438 ₹3,613 +48% vs MIDS
Jinko Solar Co 688223 ¥4.38 ¥6.49 +48% vs MIDS
Nextpower Inc NXT $104.91 $115.40 +10% vs MIDS
Premier Energies Limited PREMIERENE ₹890.00 ₹908.90 +2% vs MIDS
Tongwei Co 600438 ¥12.25 ¥12.13 −1% vs MIDS
Hanwha Solutions Corporation 009830 26,050 KRW 21,850 KRW −16% vs MIDS
CSI Solar Co 688472 ¥9.03 ¥5.85 −35% vs MIDS
Shanghai Aiko Solar Energy Co 600732 ¥13.40 ¥7.22 −46% vs MIDS

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

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.

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

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

Frequently asked questions

Is Midsummer AB (publ) (MIDS) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of kr 0.6715 versus a price of kr 1.21, about 44% lower (overvalued).
What is the fair value of MIDS?
Our model-based fair value for Midsummer AB (publ) is kr 0.6715 (as of Nov 9, 2026), built from audited fundamentals. The current price: kr 1.21.
What is the quality score of MIDS?
Midsummer AB (publ) has a Quality Score of 27/100. 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 Midsummer AB (publ) (MIDS)?
Our model-based price target is the fair value of kr 0.6715 (as of Nov 9, 2026) from 1 valuation models. Cautious scenario kr 0.5015, optimistic scenario kr 1.01. It is a calculation from audited fundamentals, not an analyst target.
What is the Midsummer AB (publ) stock forecast for 2026?
Our models put fair value at kr 0.6715, about 44% lower versus a price of kr 1.21 (overvalued). Cautious scenario kr 0.5015, optimistic scenario kr 1.01. The calculation is refreshed regularly with new filings.
What is the revenue of Midsummer AB (publ) (MIDS)?
Midsummer AB (publ) reported trailing-twelve-month revenue of about 232M SEK (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Midsummer AB (publ) (MIDS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Midsummer AB (publ) it is kr 0.6715 per share (as of Nov 9, 2026), against a price of kr 1.21. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Midsummer AB (publ) stock overvalued or undervalued in 2026?
As of Nov 9, 2026, MIDS trades above its calculated fair value: price kr 1.21, fair value kr 0.6715, a gap of about −44% (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 MIDS?
No. The price is what the market pays today (kr 1.21); the fair value is what the company's own numbers justify (kr 0.6715). For Midsummer AB (publ) the two are kr 0.5345 per share apart. That gap is exactly why we show both numbers side by side.
How much is Midsummer AB (publ) worth?
The market values Midsummer AB (publ) at about 637M SEK (market capitalisation, as of Nov 9, 2026). Per share that is kr 1.21; our models calculate a fair value of kr 0.6715 per share.
What do the bullish and bearish scenarios say about MIDS?
Our models span a range for Midsummer AB (publ): cautious scenario kr 0.5015, base kr 0.6715, optimistic kr 1.01 per share (as of Nov 9, 2026, price kr 1.21). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Midsummer AB (publ) (MIDS)?
Balance-sheet figures for Midsummer AB (publ) (as of Nov 9, 2026): return on equity −5.2%, debt of 1.78 per unit of equity. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is MIDS from its 52-week high?
Midsummer AB (publ) trades at kr 1.21, about 52% below its 52-week high of kr 2.50 and 57% above the low of kr 0.7700 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.6715 is for.
Which stocks are comparable to Midsummer AB (publ)?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, 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 Midsummer AB (publ) stock attractive at the current price?
The data as of Nov 9, 2026: price kr 1.21, calculated fair value kr 0.6715 (−44%), Quality Score 27/100, from 1 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 MIDS calculated?
We run Midsummer AB (publ) through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of kr 0.6715 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. Midsummer 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 Midsummer AB (publ) (MIDS)?
The closing price on Nov 6, 2026 was kr 1.21. Our model-based fair value is kr 0.6715, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Midsummer AB (publ) right now?
The price sits above even our optimistic bull case (kr 1.01). The favourable scenario is already priced in. Weak quality (27/100) 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 0.5015 to kr 1.01) leaves room in how you read the outcome.

Key figures of Midsummer AB (publ)

How large is the market capitalisation of Midsummer AB (publ) (MIDS)?
The market capitalisation of Midsummer AB (publ) is 637M SEK (≈ $64.4M). 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 Midsummer AB (publ) (MIDS)?
The price-to-sales ratio of Midsummer AB (publ) is 2.72 (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 Midsummer AB (publ) (MIDS)?
Earnings per share at Midsummer AB (publ) are kr 0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Midsummer AB (publ) (MIDS)?
The net margin of Midsummer AB (publ) is −45.3% (fiscal year 2025). 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 Midsummer AB (publ) (MIDS)?
The return on equity (ROE) of Midsummer AB (publ) is −5.2% (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 Midsummer AB (publ) (MIDS)?
On an EBIT basis the return on assets of Midsummer AB (publ) is −26.9% (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 Midsummer AB (publ) (MIDS)?
The operating margin of Midsummer AB (publ) is −6.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Midsummer AB (publ) (MIDS)?
Revenue at Midsummer AB (publ) is growing +29.4% versus a year earlier (3y avg +45.5%). 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 Midsummer AB (publ) (MIDS)?
Earnings per share at Midsummer AB (publ) are growing −91.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Midsummer AB (publ) (MIDS) generate?
The free cash flow of Midsummer AB (publ) is −56.8M 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 Midsummer AB (publ) (MIDS) carry?
The net debt of Midsummer AB (publ) is 206M SEK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Midsummer AB (publ) in the live analysis

One click puts Midsummer AB (publ) on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.