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4C Group (4C) Fair Value & Analysis

Technology · SE · Market cap 341M SEK

4G 4C Group 4C · ST
Pricekr 8.03
Fair Valuekr 2.87
Upside-64.3%
Quality32/100
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Expensive Growth
Loss-making · -0.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/11)
Narrow moat 30/100
Evidence: Medium Range kr 2.87 – kr 3.17 Share as image

Fair value as of: Jul 16, 2026

From 9 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from kr 2.66 to kr 2.87 (+7.9%) since Jul 11, 2026. Share price −9.8% over the past month.

Below-average quality, and screening another 64% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 3.17). The favourable scenario is already priced in.
  • Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The models converge in a tight band (kr 2.87 to kr 3.17), unusually little disagreement for a valuation.
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Price vs Fair Value (4 years)

kr 47.20 kr 5.91 Fair Value kr 2.87 May 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

51‑month range kr 5.91 – kr 47.20 · fair‑value band kr 2.87 – kr 3.17 · the kr 8.03 price screens above the kr 2.87 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

4C Group (4C) currently trades at kr 8.03, while our model-based Fair Value estimate is kr 2.87, implying the stock looks roughly 64.3% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, 4C Group generated revenue of 322M SEK at a net margin of -7.8%. Revenue declined 33.9% year over year. It earns a return on equity of -9.5%. Net debt stands at 139M SEK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 2.87 (bear case) to kr 3.17 (bull case); at kr 8.03, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 58% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -64%, 4C screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
ROIC Compounder kr 2.27 kr 2.54 kr 2.77 72
Gordon GGM kr 0.2700 kr 0.4900 kr 0.6700 70
DDM Multi-Stage kr 0.2700 kr 0.4300 kr 0.5200 61
All 9 models by family
DCF Models
Owner Earnings kr 6.11 kr 8.85 kr 12.57 31
Earnings-Based
EPV kr 2.27 kr 2.54 kr 2.77 59
Dividend Discount
Gordon GGM kr 0.2700 kr 0.4900 kr 0.6700 70
DDM Multi-Stage kr 0.2700 kr 0.4300 kr 0.5200 61
Multiples
EV/EBIT kr 4.03 kr 5.28 kr 6.54 53
EV/EBITDA kr 13.40 kr 17.78 kr 22.16 54
EV/Revenue kr 2.80 kr 3.89 kr 4.98 43
Asset-Based
NCAV (Graham) kr 3.36 kr 4.50 kr 6.71 50
Economic Profit
ROIC Compounder kr 2.27 kr 2.54 kr 2.77 72

Widest divergence: DCF Models (kr 8.85) versus Dividend Discount (kr 0.4300). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 341M SEK
Revenue growth (YoY) +26.2%
Net margin -0.3%
Return on equity -0.4%
Free cash flow −48.4M SEK FY2025
Operating margin 13.1%
More key figures
EPS (TTM) kr -0.0300
EPS growth (YoY) -43.6%
Net debt 139M SEK FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 32/100

Of which business quality 32 · Market factors (momentum, volatility) 28

Profitability 12
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 29
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

4C Group AB (publ), together with its subsidiaries, provides software solutions and expert services for organizational resilience, training, and crisis management worldwide. It operates through EMEA Software, APAC Software, North America Software, and Global Expert Services segments.

Full company description

4C Group AB (publ), together with its subsidiaries, provides software solutions and expert services for organizational resilience, training, and crisis management worldwide. It operates through EMEA Software, APAC Software, North America Software, and Global Expert Services segments. The company offers Exonaut, a software platform that enables management of incidents, crises, risks, and compliance assurance; supports the maintenance and continuity of operations affected by disruptions and crises; and provides a software solution for military and civilian customers in exercise management and capability development. Its Exonaut defence platform also offers planning and programming, collective training and exercise management, wargame and simulation management, special forces selection, training measurement and evaluation, trials and experimentation management, lessons management, unit training management, deterrence reporting, and interoperability reporting management solutions. In addition, the company provides Resilience Platform, an AI-assisted organizational resilience solution that provides continuity manager, risk manager, incident manager, and exercise manager solutions. Further, it offers software-related services, such as consultancy, technical support, implementation, integration, configuration, management, and maintenance services; expert services, including risk consulting, business continuity management, and crisis management; and risk management, training and exercise management, incident management, climate risk and resilience, and IT continuity and cybersecurity services. The company serves the emergency services, energy and utilities, financial services, IT and telecom, manufacturing, military and defence, public safety, and transportation and aviation sectors. 4C Group AB (publ) was founded in 2000 and is headquartered in Stockholm, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

4C Group reported revenue of kr 352M in FY2025 versus kr 264M in FY2021, a compound +7.5%/yr. Reported net income was −kr 16.8M in FY2025.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
352M SEK
Latest YoY
+2.5%
Avg. growth/yr (3Y) 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.
+2.1%
Avg. growth/yr (5Y) 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.
+13.5%
Avg. growth/yr (6Y) 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.
+11.9%
Revenue +7.5%/yr
FY21 kr 264M
FY22 kr 331M
FY23 kr 332M
FY24 kr 344M
FY25 kr 352M
Net income
FY21 kr 39.0M
FY22 kr 26.3M
FY23 −kr 9.3M
FY24 −kr 3.5M
FY25 −kr 16.8M

4C screens 64% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "4C Group Fair Value". https://www.fairvalue-calculator.com/stock/4C

Peer Group

Software - Infrastructure · 370 stocks

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.

Quality Score 32 · Bottom 25%
Fair Value upside −64% · Below median
Return on assets 1% · Below median
Net margin (TTM) -0% · Below median
Operating margin (TTM) 13% · Above median
Revenue growth 26% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.11× · Cheaper than 75% of peers
EV/EBITDA 2.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 46
PAST 0 · sector 15
HEALTH 100 · sector 98
DIVIDEND 0 · sector 28

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is 4C Group (4C) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 2.87 versus a price of kr 8.03, about −64% (overvalued).
What is the fair value of 4C?
Our model-based fair value for 4C Group is kr 2.87 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 8.03.
What is the quality score of 4C?
4C Group has a Quality Score of 32/100. 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 revenue of 4C Group (4C)?
4C Group reported trailing-twelve-month revenue of about 322M SEK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 4C?
The net profit margin of 4C Group is about -7.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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