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Alpcot Holding (ALPCOT-B) Fair Value & Analysis

Technology · SE · Market cap 247M SEK (≈ $25.8M) · ISIN SE0016845655

What is Alpcot Holding really worth?

AH Alpcot Holding ALPCOT-B · ST
Pricekr 1.11
Fair Valuekr 0.4700
Upside−57.7%
Quality57/100

A solid business, but trading 136% above our fair value of kr 0.4700.

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Risks

!Mixed Growth (revenue 5y +34.1 %/yr)
!Loss over the last twelve months · -6.4% net margin · fiscal year 2025 3.2%
!Low debt · negative free cash flow
!Trails peers (3/10)
!Narrow moat 13/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range kr 0.3600 – kr 0.5800

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from kr 0.3900 to kr 0.4700 (+20.5%) since Jul 17, 2026. Share price −10.8% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (kr 0.5800). 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.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

kr 5.80 kr 0.5700 Fair Value kr 0.4700 Nov 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

57‑month range kr 0.5700 – kr 5.80 · fair‑value band kr 0.3600 – kr 0.5800 · the kr 1.11 price screens above the kr 0.4700 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Alpcot Holding (ALPCOT-B) currently trades at kr 1.11, while our model-based Fair Value estimate is kr 0.4700, implying the stock looks roughly 136.2% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of kr 2.08 per share, and 3 of the 15 models we run sit above the kr 1.11 price. Bear case: the Economic Profit group reads lowest at kr 0.2200, and 12 of the 15 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Alpcot Holding generated revenue of 136M SEK at a net margin of 3.0%. Revenue grew 24.1% year over year. It earns a return on equity of 5.3%. The balance sheet holds a net cash position of 6.4M SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 0.3600 (bear case) to kr 0.5800 (bull case); at kr 1.11, 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 21% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −32% fair-value upside, at −58%, ALPCOT-B screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
EPV best evidence kr 0.2000 kr 0.2200 kr 0.2300 74
Owner Earnings kr 1.10 kr 2.08 kr 3.78 71
ROIC Compounder kr 0.2000 kr 0.2200 kr 0.2300 70
All 15 models by family
DCF Models
Owner Earnings kr 1.10 kr 2.08 kr 3.78 71
Earnings-Based
Graham-Dodd kr 0.1600 kr 1.09 kr 1.53 61
Lynch FV kr 0.5600 kr 0.8000 kr 1.05 59
PEG = 1.0 kr 0.5600 kr 0.8000 kr 1.05 55
EPV best evidence kr 0.2000 kr 0.2200 kr 0.2300 74
Multiples
P/E Multiple kr 0.4800 kr 0.6400 kr 0.8000 63
P/S Multiple kr 0.2900 kr 0.3900 kr 0.4900 58
P/B Multiple kr 0.2900 kr 0.3900 kr 0.4900 55
EV/EBIT kr 0.4100 kr 0.5200 kr 0.6300 66
EV/EBITDA kr 1.56 kr 2.06 kr 2.55 67
EV/Revenue kr 0.2500 kr 0.3200 kr 0.3900 54
Asset-Based
NCAV (Graham) kr 0.2200 kr 0.3000 kr 0.4500 54
Economic Profit
Residual Income kr 0.3100 kr 0.3000 kr 0.2500 68
ROIC Compounder kr 0.2000 kr 0.2200 kr 0.2300 70
Growth Earnings
Growth-Adj P/E kr 0.8100 kr 1.16 kr 1.51 65

Widest divergence: DCF Models (kr 2.08) versus Economic Profit (kr 0.2200). Highest evidence: EPV (74).

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Key figures & financial health

P/S ratio 1.85 TTM
EPS (TTM) kr −0.1100
Net margin 3.2% FY2025
Return on equity −8.2% TTM
Return on assets (EBIT) −13.2% avg 5y
Operating margin 0.0% TTM
More key figures
Growth
Revenue (TTM) 133M SEK TTM
Revenue growth (YoY) −6.2% 3y avg +18.8%
EPS growth (YoY) −97.1%
Balance sheet & cash flow
Free cash flow −7.1M SEK FY2025
Net cash 6.4M SEK FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 57 · Market factors (momentum, volatility) 29

Profitability 45
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 4
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 55
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Alpcot Holding AB (publ), through its subsidiaries, owns and operates a digital platform for personal finance in the financial industry in Sweden. Its digital platform offers customers various services, including lowering their fees, optimizing their investments and managing personal risks.

Full company description

Alpcot Holding AB (publ), through its subsidiaries, owns and operates a digital platform for personal finance in the financial industry in Sweden. Its digital platform offers customers various services, including lowering their fees, optimizing their investments and managing personal risks. The company also provides advice to corporate customers regarding occupational pension plans and associated risk insurance. In addition, it offers services for asset management of excess liquidity, generation planning, legal issues, and company property protection, as well as private banking services. The company was founded in 2014 and is headquartered in Stockholm, Sweden. Alpcot Holding AB (publ) operates as a subsidiary of Alpcot Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Alpcot Holding reported revenue of 127M SEK in FY2025 versus 6.5M SEK in FY2021, a compound +110.1%/yr. Reported net income was 4.1M SEK in FY2025.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
127M SEK
Latest YoY
+29.8%
Avg. revenue 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.
+18.8%
Avg. revenue 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.
+34.1%
Avg. revenue 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.
+23.8%
Value creation/yr We only publish this rate when it is defensible. Reason: no profitable base year
not computed
Revenue +110.1%/yr
FY21 6.5M SEK
FY22 75.9M SEK
FY23 80.8M SEK
FY24 98.1M SEK
FY25 127M SEK
Net income
FY21 −41.9M SEK
FY22 −30.7M SEK
FY23 −17.3M SEK
FY24 −23.3M SEK
FY25 4.1M SEK

ALPCOT-B screens 136% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "Alpcot Holding Fair Value". https://www.fairvalue-calculator.com/stock/ALPCOT-B

Peer Group

Software - Infrastructure · 369 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 57 · Above median
Fair Value upside −58% · Below median
Return on assets −3% · Below median
Net margin (TTM) −6% · Bottom 25%
Operating margin (TTM) 0% · Below median
Revenue growth −6% · Bottom 25%
Debt / equity 0.04× · Higher than median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/B 0.32× · Cheaper than 75% of peers
P/S (TTM) 0.19× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 50
PAST0 · sector 15
HEALTH98 · sector 98
DIVIDEND0 · sector 25

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

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $480.35 $365.74 −24%
Oracle Corporation ORCL $151.94 $117.84 −22%
Fortinet, Inc FTNT $166.00 $61.46 −63%
Synopsys, Inc SNPS $442.61 $101.19 −77%
Block, Inc XYZ A$111.01 A$70.69 −36%
CoreWeave, Inc CRWV $105.26 $71.79 −32%
NetApp, Inc NTAP $190.64 $154.83 −19%
Adyen N.V ADYEN €1,007 €707.53 −30%
MongoDB, Inc MDB $440.58 $93.91 −79%
Okta, Inc OKTA $166.23 $30.50 −82%

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Frequently asked questions

Is Alpcot Holding (ALPCOT-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 0.4700 versus a price of kr 1.11, about −58% upside (overvalued).
What is the fair value of ALPCOT-B?
Our model-based fair value for Alpcot Holding is kr 0.4700 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 1.11.
What is the quality score of ALPCOT-B?
Alpcot Holding has a Quality Score of 57/100. 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 Alpcot Holding (ALPCOT-B)?
Alpcot Holding reported trailing-twelve-month revenue of about 136M SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ALPCOT-B?
The net profit margin of Alpcot Holding is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.
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