Opter AB (OPTER) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Opter AB stock SEK 101, price SEK 91.80, upside +10.0%, quality 70 out of 100. Rating: fairly valued. Calculated from audited financials with 25 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 9, 2026.
How to read this chart
59‑month range kr 40.57 – kr 120.29 · fair‑value band kr 63.76 – kr 150.30 · the kr 91.80 price screens below the kr 100.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Opter AB (publ) provides transport planning solutions primarily in Sweden. It offers order management, transport planning, communication, system integration, pricing and invoicing and other solutions. The company was incorporated in 2001 and is headquartered in Johanneshov, Sweden.
Stock analysis
Opter AB (OPTER) currently trades at kr 91.80, while our model-based Fair Value estimate is kr 100.98, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 87.87 per share, and 6 of the 25 models we run sit above the kr 91.80 price.
Bear case: the Economic Profit group reads lowest at kr 27.11, and 19 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 63.76 (bear) to kr 150.30 (bull), the price of kr 91.80 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 70/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Opter AB reported revenue of 99.5M SEK in FY2025 versus 55.8M SEK in FY2021, a compound +15.5%/yr. Reported net income was 19.7M SEK in FY2025, compounding +30.0%/yr from FY2021.
Key figures
Market cap 551M SEK (≈ $55.8M) Micro · P/E ratio 24.7 · P/S ratio 5.28 · EPS (TTM) kr 3.71 · Dividend yield 3.5% · Net margin 21.4% · Return on equity 91.9% · Return on assets (EBIT) 40.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 85 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 41% 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 10%, OPTER screens cheaper than that median.
Fair Value models
Bearkr 63.76Fair Value kr 100.98Bullkr 150.30
Price kr 91.80 · Upside +10.0%
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 0.4030 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.0%
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.
+14.9%
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.
+16.2%
Start year 2020 (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.
+14.8%
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What shareholders gained per year (last 5 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 5 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. Basis: EBIT basis.
+25.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.1%
Dividend (yield on the price)3.5%
Profit margin 2020 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.18% → 24%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+17.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +15.0% 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 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)91.9% · Top 25%
Return on assets40.1% · Top 25%
Net margin (12 months)21.4% · Top 25%
Operating margin (12 months)24.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)13.1% · Above median
Dividend yield (12 months)3.5% · Top 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)24.7× · Cheaper than median
P/B15.98× · Priciest 25%
P/S (12 months)5.28× · Priciest 25%
Price / free cash flow (fiscal year)26.9× · Pricier than median
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Cite: Fair Value Calculator (2026). "Opter AB Fair Value". https://www.fairvalue-calculator.com/stock/OPTER
Frequently asked questions
Is Opter AB (OPTER) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of kr 100.98 versus a price of kr 91.80, about +10% upside (fairly valued).
What is the fair value of OPTER?
Our model-based fair value for Opter AB is kr 100.98 (as of Nov 9, 2026), built from audited fundamentals. The current price: kr 91.80.
What is the quality score of OPTER?
Opter AB has a Quality Score of 70/100. 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 Opter AB (OPTER)?
Our model-based price target is the fair value of kr 100.98 (as of Nov 9, 2026) from 25 valuation models. Cautious scenario kr 63.76, optimistic scenario kr 150.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Opter AB stock forecast for 2026?
Our models put fair value at kr 100.98, about +10% upside versus a price of kr 91.80 (fairly valued). Cautious scenario kr 63.76, optimistic scenario kr 150.30. The calculation is refreshed regularly with new filings.
What is the revenue of Opter AB (OPTER)?
Opter AB reported trailing-twelve-month revenue of about 104M SEK (latest available figure, as of Nov 9, 2026).
Does Opter AB pay a dividend?
Opter AB currently shows a dividend yield of 3.53% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Opter AB (OPTER) and when is the ex-dividend date?
Opter AB pays a dividend of kr 3.24 per share a year, a dividend yield of 3.5%. The last ex-dividend date was Apr 27, 2026. A dividend has been paid every year since at least 2022. The payout ratio is 87.3% of earnings. Free cash flow covers the dividend 1.05 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Opter AB (OPTER)?
For today's price to be fair in a discounted-cash-flow model, Opter AB would have to grow free cash flow by +17.3 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.2 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of OPTER use?
Our models discount Opter AB at 11.0 %: a base by market capitalisation (micro), damped by beta 0.14, 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 Opter AB that is +17.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Opter AB (OPTER) delivered so far?
Over the past 5 years revenue at Opter AB grew +16.2 % a year. The price currently implies free-cash-flow growth of +17.3 % 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 Opter AB (OPTER) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Opter AB (+17.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Opter AB (OPTER)?
The free-cash-flow yield on the price is 3.71 %: that much free cash flow Opter AB produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Opter AB (OPTER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Opter AB it is kr 100.98 per share (as of Nov 9, 2026), against a price of kr 91.80. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Opter AB stock overvalued or undervalued in 2026?
As of Nov 9, 2026, OPTER trades below its calculated fair value: price kr 91.80, fair value kr 100.98, a gap of about +10% (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 OPTER?
No. The price is what the market pays today (kr 91.80); the fair value is what the company's own numbers justify (kr 100.98). For Opter AB the two are kr 9.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is Opter AB worth?
The market values Opter AB at about 551M SEK (market capitalisation, as of Nov 9, 2026). Per share that is kr 91.80; our models calculate a fair value of kr 100.98 per share.
What do the bullish and bearish scenarios say about OPTER?
Our models span a range for Opter AB: cautious scenario kr 63.76, base kr 100.98, optimistic kr 150.30 per share (as of Nov 9, 2026, price kr 91.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of OPTER?
Opter AB trades at a price-to-earnings ratio of 24.7 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 100.98 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 32.6. Other multiples: P/B 16.0, P/S 5.3, EV/EBITDA 20.8.
How solid is the balance sheet of Opter AB (OPTER)?
Balance-sheet figures for Opter AB (as of Nov 9, 2026): return on equity 91.9%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is OPTER from its 52-week high?
Opter AB trades at kr 91.80, about 2% below its 52-week high of kr 93.40 and 41% above the low of kr 65.05 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 100.98 is for.
Which stocks are comparable to Opter AB?
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 Opter AB stock attractive at the current price?
The data as of Nov 9, 2026: price kr 91.80, calculated fair value kr 100.98 (+10%), Quality Score 70/100, from 25 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 OPTER calculated?
We run Opter AB through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 100.98 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. Opter AB currently trades 9% 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 Opter AB (OPTER)?
The closing price on Nov 6, 2026 was kr 91.80. Our model-based fair value is kr 100.98, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Opter AB right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (kr 63.76 to kr 150.30) leaves room in how you read the outcome.
Key figures of Opter AB
How large is the market capitalisation of Opter AB (OPTER)?
The market capitalisation of Opter AB is 551M SEK (≈ $55.8M). 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 Opter AB (OPTER)?
The price-to-sales ratio of Opter AB is 5.28 (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 Opter AB (OPTER)?
Earnings per share at Opter AB are kr 3.71 (price ÷ EPS = P/E 24.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Opter AB (OPTER)?
The dividend yield of Opter AB is 3.5% (payout 87.3%). 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 Opter AB (OPTER)?
The net margin of Opter AB is 21.4% (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 Opter AB (OPTER)?
The return on equity (ROE) of Opter AB is 91.9% (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 Opter AB (OPTER)?
On an EBIT basis the return on assets of Opter AB is 40.6% (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 Opter AB (OPTER)?
The operating margin of Opter AB is 24.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Opter AB (OPTER)?
Revenue at Opter AB is growing +13.1% versus a year earlier (3y avg +14.9%). 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 Opter AB (OPTER)?
Earnings per share at Opter AB are growing +39.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Opter AB (OPTER) hold?
Opter AB holds more cash than debt, 32.7M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 9, 2026