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Micro Systemation AB (0FBM) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Micro Systemation AB SEK 29.47, price SEK 92.80, upside -68.2%, quality 76 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Technology · GB · Home Sweden · ISIN SE0000526626

MS Thin data Sep 24, 2026

Micro Systemation AB

0FBM · LSE

Quality Too ExpensiveExcellent quality, but the valuation looks stretched.

!Fair value kr 29.47 · Strongly overvalued (−68.2%)
✓Quality 76/100
!Mixed Growth (revenue 3y +3.1 %/yr)
✓Solidly profitable · 13.7% net margin (TTM)
!1.7% dividend yield · Pays more than it earns
✓Wide moat 74/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 95.60 kr 22.85 Fair Value kr 29.47 Dec 2015 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range kr 22.85 – kr 95.60 · fair‑value band kr 18.74 – kr 41.21 · the kr 92.80 price screens above the kr 29.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Micro Systemation AB (publ), together with its subsidiaries, provides forensic technology for mobile device examination and analysis in Sweden and internationally.

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Micro Systemation AB (publ), together with its subsidiaries, provides forensic technology for mobile device examination and analysis in Sweden and internationally. The company offers XRY software products that include XRY logical, a software solution that enables investigators to access and recover live and file system data from the device on the crime scene; XRY Physical, a software solution, which is used for the physical recovery of data from mobile devices; XRY Pro, a full toolkit for extraction and decryption of secure devices; XRY Cloud to recover data beyond the mobile devices; XRY Pro Express for extractions; XRY Kiosk for whom data recovery and analysis; XRY Tablet, which is designed for frontline operational users for whom data recovery and analysis; XRY Express, which delivers a simplified and locked down workflow for easy mobile device extractions. It also provides XAMN Viewer, an analysis tool to open, view, analyze, and/or report on mobile device data; XAMN Pro, a tool that helps the user find and analyze data; XEC Director, which is used to manage forensic mobile operations; UNIFY Collaborate which meets the demands of growing digital investigations, enhancing efficiency, and security; and XEC Export, a tool designed for batch export services. In addition, the company offers UNIFY Collaborate, which allows multiple investigators to work on the same case simultaneously; mobile forensics platforms for computers and touchscreen interfaces, as well as implementation, training, and support services. Its products are used by law enforcement, corrections, border control, military, and eDiscovery sectors. Micro Systemation AB (publ) was incorporated in 1984 and is headquartered in Stockholm, Sweden.

Stock analysis

Micro Systemation AB (0FBM) currently trades at kr 92.80, while our model-based Fair Value estimate is kr 29.47, 68.2% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of kr 40.44 per share, and 0 of the 23 models we run sit above the kr 92.80 price.

Bear case: the Asset-Based group reads lowest at kr 3.29, and 23 of the 23 models stay below the price. Evidence for this calculation is low.

Scenario range: kr 18.74 (bear) to kr 41.21 (bull), the price of kr 92.80 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 76/100 (high quality), in the Technology sector.

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

Micro Systemation AB reported revenue of 333M SEK in FY2021 versus 302M SEK in FY2017, a compound +2.5%/yr. Reported net income was 34.8M SEK in FY2021, compounding −9.9%/yr from FY2017.

Key figures

Market cap 834M SEK (≈ $83.0M) · P/E ratio 0.5 · P/S ratio 0.06 · EPS (TTM) kr 1.58 · Dividend yield 1.7% · Net margin 10.5% · Return on equity 59.6% · Return on assets (EBIT) 18.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (medium confidence).

What moves the price

The share trades about 3% below its 52-week high and 69% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at −68%, 0FBM screens richer than that median.

Fair Value models

Bear kr 18.74 Fair Value kr 29.47 Bull kr 41.21
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF kr 7.79 kr 8.90 kr 10.25 76
Growth DCF kr 7.86 kr 8.88 kr 10.07 73
Residual Income kr 8.18 kr 9.80 kr 14.14 72
All 23 models by family
DCF Models
FCF DCF kr 7.79 kr 8.90 kr 10.25 76
5Y Revenue Exit kr 16.45 kr 24.63 kr 35.07 66
5Y EBITDA Exit kr 24.89 kr 39.28 kr 55.82 69
5Y P/E Exit kr 24.03 kr 37.78 kr 51.82 65
10Y Revenue Exit kr 11.90 kr 17.67 kr 24.71 61
10Y EBITDA Exit kr 16.82 kr 26.02 kr 37.18 62
10Y P/E Exit kr 16.36 kr 25.17 kr 34.78 59
Earnings-Based
Graham-Dodd kr 12.79 kr 25.71 kr 32.33 63
EPV kr 17.05 kr 18.66 kr 19.98 70
Dividend Discount
Gordon GGM kr 13.91 kr 18.22 kr 21.91 67
DDM Multi-Stage kr 13.91 kr 17.97 kr 21.81 65
Multiples
P/E Multiple kr 39.50 kr 52.67 kr 65.84 63
P/S Multiple kr 23.98 kr 31.98 kr 39.97 58
P/B Multiple kr 22.09 kr 29.45 kr 36.81 55
EV/EBIT kr 46.67 kr 61.04 kr 75.41 63
EV/EBITDA kr 44.91 kr 58.69 kr 72.47 64
EV/Revenue kr 25.36 kr 34.70 kr 44.04 51
Asset-Based
NCAV (Graham) kr 2.45 kr 3.29 kr 4.91 51
Growth DCF
Growth DCF kr 7.86 kr 8.88 kr 10.07 73
Rev-Margin DCF kr 16.45 kr 24.62 kr 33.29 67
Economic Profit
Residual Income kr 8.18 kr 9.80 kr 14.14 72
ROIC Compounder kr 17.15 kr 18.88 kr 20.35 67
Growth Earnings
Growth-Adj P/E kr 28.31 kr 40.44 kr 52.57 65

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Quality Score breakdown

Overall quality 76/100

Of which business quality 72 · Market factors (momentum, volatility) 83

Profitability 89
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 96
Price trend over the last 3–12 months (market factor)
52W Momentum 98
Distance to the 52-week high (market factor)

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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. 46/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.4%
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.
+3.1%
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.
22.8% (2017) → 13.3% (2021)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

0FBM screens overvalued: fair value 68% below the price. Compare with SAP SE →

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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 · 687 stocks

Beats the industry median on 11/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 76 · Top 25%
Fair Value upside −69.2% · Bottom 25%
Profitability
Return on equity (TTM) 59.6% · Top 25%
Return on assets 19.3% · Top 25%
Net margin (TTM) 13.7% · Top 25%
Operating margin (TTM) 10.3% · Above median
Growth and dividend
Revenue growth 52.2% · Top 25%
Dividend yield (TTM) 1.7% · Above median

Valuation Multiplesvs Software - Application median · lower = cheaper

P/E (TTM) 0.5× · Cheapest 25%
P/B 0.96× · Cheaper than median
P/S (TTM) 0.17× · Cheapest 25%
EV/EBITDA 0.9× · Cheapest 25%

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 Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €186.74 €172.46 −8%
Salesforce, Inc CRM $229.57 $342.73 +49%
Shopify Inc SHOP $144.01 $64.36 −55%
ServiceNow, Inc NOW $134.01 $147.41 +10%
Uber Technologies, Inc UBER $69.36 $103.69 +49%
Snowflake Inc SNOW $330.31 $74.36 −77%
Automatic Data Processing, Inc ADP $261.80 $150.01 −43%
Adobe Inc ADBE $239.94 $454.04 +89%
Datadog, Inc DDOG $268.70 $32.52 −88%
Cadence Design Systems, Inc CDNS $326.70 $225.48 −31%

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Cite: Fair Value Calculator (2026). "Micro Systemation AB Fair Value". https://www.fairvalue-calculator.com/stock/0FBM

Frequently asked questions

Is Micro Systemation AB (0FBM) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 29.47 versus a price of kr 92.80, about −68% upside (overvalued).
What is the fair value of 0FBM?
Our model-based fair value for Micro Systemation AB is kr 29.47 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 92.80.
What is the quality score of 0FBM?
Micro Systemation AB has a Quality Score of 76/100. 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 Micro Systemation AB (0FBM)?
Our model-based price target is the fair value of kr 29.47 (as of Sep 24, 2026) from 23 valuation models. Cautious scenario kr 18.74, optimistic scenario kr 41.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Micro Systemation AB stock forecast for 2026?
Our models put fair value at kr 29.47, about −68% upside versus a price of kr 92.80 (overvalued). Cautious scenario kr 18.74, optimistic scenario kr 41.21. The calculation is refreshed regularly with new filings.
What is the revenue of Micro Systemation AB (0FBM)?
Micro Systemation AB reported trailing-twelve-month revenue of about 511M SEK (latest available figure, as of Sep 24, 2026).
Does Micro Systemation AB pay a dividend?
Micro Systemation AB currently shows a dividend yield of about 1.72% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Micro Systemation AB (0FBM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Micro Systemation AB it is kr 29.47 per share (as of Sep 24, 2026), against a price of kr 92.80. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Micro Systemation AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0FBM trades above its calculated fair value: price kr 92.80, fair value kr 29.47, a gap of about −68% (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 0FBM?
No. The price is what the market pays today (kr 92.80); the fair value is what the company's own numbers justify (kr 29.47). For Micro Systemation AB the two are kr 63.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Micro Systemation AB worth?
The market values Micro Systemation AB at about 834M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 92.80; our models calculate a fair value of kr 29.47 per share.
What do the bullish and bearish scenarios say about 0FBM?
Our models span a range for Micro Systemation AB: cautious scenario kr 18.74, base kr 29.47, optimistic kr 41.21 per share (as of Sep 24, 2026, price kr 92.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0FBM?
Micro Systemation AB trades at a price-to-earnings ratio of 0.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 29.47 is built from several models across several years. Other multiples: P/B 1.0, P/S 0.2, EV/EBITDA 0.9.
How solid is the balance sheet of Micro Systemation AB (0FBM)?
Balance-sheet figures for Micro Systemation AB (as of Sep 24, 2026): return on equity 59.6%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is 0FBM from its 52-week high?
Micro Systemation AB trades at kr 92.80, about 3% below its 52-week high of kr 95.60 and 69% above the low of kr 54.91 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 29.47 is for.
Which stocks are comparable to Micro Systemation 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 Micro Systemation AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 92.80, calculated fair value kr 29.47 (−68%), Quality Score 76/100, from 23 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 0FBM calculated?
We run Micro Systemation AB through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 29.47, 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 14.5 % above its aggregate fair value. Micro Systemation AB 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 Micro Systemation AB (0FBM)?
The closing price on Oct 2, 2026 was kr 92.80. Our model-based fair value is kr 29.47, about −68% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Micro Systemation AB right now?
A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (kr 41.21). The favourable scenario is already priced in. 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 18.74 to kr 41.21) leaves room in how you read the outcome.

Key figures of Micro Systemation AB

How large is the market capitalisation of Micro Systemation AB (0FBM)?
The market capitalisation of Micro Systemation AB is 834M SEK (≈ $83.0M). 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 Micro Systemation AB (0FBM)?
The price-to-sales ratio of Micro Systemation AB is 0.06 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Micro Systemation AB (0FBM)?
Earnings per share at Micro Systemation AB are kr 1.58 (price ÷ EPS = P/E 0.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Micro Systemation AB (0FBM)?
The dividend yield of Micro Systemation AB is 1.7% (payout 101%). 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 Micro Systemation AB (0FBM)?
The net margin of Micro Systemation AB is 10.5% (fiscal year 2021). 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 Micro Systemation AB (0FBM)?
The return on equity (ROE) of Micro Systemation AB is 59.6% (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 Micro Systemation AB (0FBM)?
On an EBIT basis the return on assets of Micro Systemation AB is 18.3% (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 Micro Systemation AB (0FBM)?
The operating margin of Micro Systemation AB is 10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Micro Systemation AB (0FBM)?
Revenue at Micro Systemation AB is growing +52.2% versus a year earlier (3y avg +3.1%). 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 Micro Systemation AB (0FBM)?
Earnings per share at Micro Systemation AB are growing +28.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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