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Arcoma AB (ARCOMA) Fair Value & Analysis

Healthcare · SE · Market cap 115M SEK

AA Arcoma AB ARCOMA · ST
Pricekr 8.54
Fair Valuekr 7.73
Upside-9.5%
Quality52/100
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Mixed Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Narrow moat 34/100
Evidence: High Range kr 5.80 – kr 9.67 Share as image

Fair value as of: Jul 15, 2026

From 22 valuation models · updated 26 days ago

Share price +6.0% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from kr 5.80 (bear) to kr 9.67 (bull), base kr 7.73. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 52/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

kr 20.80 kr 6.50 Fair Value kr 7.73 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range kr 6.50 – kr 20.80 · fair‑value band kr 5.80 – kr 9.67 · the kr 8.54 price screens above the kr 7.73 fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Arcoma AB (ARCOMA) currently trades at kr 8.54, while our model-based Fair Value estimate is kr 7.73, implying the stock looks roughly 9.5% fairly valued today. The Quality Score stands at 52/100 (solid quality), in the Healthcare 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: high).

Over the trailing twelve months, Arcoma AB generated revenue of 127M SEK at a net margin of 3.0%. Revenue declined 10.7% year over year. It earns a return on equity of 5.6%. The balance sheet holds a net cash position of 35.3M SEK. Fundamentals as of Jul 15, 2026

Our scenario range runs from kr 5.80 (bear case) to kr 9.67 (bull case); at kr 8.54, the current price sits within 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 22% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -22% fair-value upside, at -9%, ARCOMA screens cheaper 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
Growth DCF kr 12.05 kr 14.32 kr 17.71 80
Rev-Margin DCF kr 9.57 kr 12.07 kr 15.23 74
ROIC Compounder kr 6.17 kr 6.70 kr 7.21 72
All 22 models by family
DCF Models
FCF DCF kr 11.81 kr 14.24 kr 18.14 38
Owner Earnings kr 8.61 kr 10.20 kr 12.76 31
5Y Revenue Exit kr 9.57 kr 11.80 kr 15.03 39
5Y EBITDA Exit kr 12.20 kr 16.35 kr 21.84 41
5Y P/E Exit kr 9.52 kr 11.71 kr 14.36 38
10Y Revenue Exit kr 10.49 kr 12.06 kr 13.65 36
10Y EBITDA Exit kr 11.96 kr 14.46 kr 17.05 37
10Y P/E Exit kr 10.57 kr 12.01 kr 13.31 35
Earnings-Based
Graham-Dodd kr 2.39 kr 2.92 kr 3.29 54
EPV kr 6.17 kr 6.61 kr 6.97 59
Multiples
P/E Multiple kr 5.80 kr 7.73 kr 9.67 63
P/S Multiple kr 4.48 kr 5.98 kr 7.47 58
P/B Multiple kr 4.48 kr 5.98 kr 7.47 55
EV/EBIT kr 10.21 kr 12.78 kr 15.36 53
EV/EBITDA kr 14.23 kr 18.15 kr 22.07 54
EV/Revenue kr 7.99 kr 10.36 kr 12.72 43
Asset-Based
NCAV (Graham) kr 2.61 kr 3.50 kr 5.22 50
Growth DCF
Growth DCF kr 12.05 kr 14.32 kr 17.71 80
Rev-Margin DCF kr 9.57 kr 12.07 kr 15.23 74
Economic Profit
Residual Income kr 3.77 kr 3.79 kr 3.51 61
ROIC Compounder kr 6.17 kr 6.70 kr 7.21 72
Growth Earnings
Growth-Adj P/E kr 4.09 kr 5.84 kr 7.59 68

Widest divergence: Growth DCF (kr 12.07) versus Earnings-Based (kr 2.92). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 127M SEK
Revenue growth (YoY) -10.7%
Net margin 3.0%
Return on equity 5.6%
Free cash flow 18.5M SEK FY2025
P/E ratio 33.7
More key figures
Operating margin 3.0%
EPS (TTM) kr 0.2500
EPS growth (YoY) -63.4%
Net cash 35.3M SEK FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 58 · Market factors (momentum, volatility) 46

Profitability 43
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 26
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

Arcoma AB develops, produces, and provides radiology solutions and digital x-ray systems in Sweden and internationally. The company offers solutions for x-ray systems covering radiological applications and general, eneral, muscle/skeleton, thoratic, pediatric, and trauma/resus clinics.

Full company description

Arcoma AB develops, produces, and provides radiology solutions and digital x-ray systems in Sweden and internationally. The company offers solutions for x-ray systems covering radiological applications and general, eneral, muscle/skeleton, thoratic, pediatric, and trauma/resus clinics. It also provides x-ray detectors; video bank; and accessories for x-ray equipment comprising live camera, advanced remote control, form pad, hand control, compression belt, lateral cassette/detector holder, foot control, lateral armrest, patient handgrip, mattress, scatter correction software, battery charger, battery pack, and stitching screen. It manufactures x-ray equipment under the Canon and Konica Minolta brand name. The company sells its products through resellers and OEM customers. Arcoma AB was incorporated in 1990 and is based in Växjö, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Arcoma AB reported revenue of kr 131M in FY2025 versus kr 117M in FY2021, a compound +2.8%/yr. Reported net income was kr 5.0M in FY2025.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
131M SEK
Latest YoY
−16.6%
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.
+1.5%
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.
+2.2%
Avg. growth/yr (13Y) 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.
−0.9%
Revenue +2.8%/yr
FY21 kr 117M
FY22 kr 125M
FY23 kr 163M
FY24 kr 157M
FY25 kr 131M
Net income
FY21 −kr 7.5M
FY22 kr 1.9M
FY23 kr 2.6M
FY24 kr 11.2M
FY25 kr 5.0M

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Cite: Fair Value Calculator (2026). "Arcoma AB Fair Value". https://www.fairvalue-calculator.com/stock/ARCOMA

Peer Group

Medical Devices · 352 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 52 · Above median
Fair Value upside −10% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -11% · Bottom 25%

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 32.2× · Pricier than median
P/B 1.54× · Cheaper than median
P/S (TTM) 0.91× · Cheaper than median
P/FCF 0.7× · Cheaper than 75% of peers
EV/EBITDA 17.8× · Pricier than median

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 21 · sector 0
FUTURE 0 · sector 29
PAST 22 · sector 8
HEALTH 100 · sector 97
DIVIDEND 0 · sector 38

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 Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%
Getinge AB GETIB kr 206.80 kr 192.14 -7%

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Frequently asked questions

Is Arcoma AB (ARCOMA) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of kr 7.73 versus a price of kr 8.54, about −9% (fairly valued).
What is the fair value of ARCOMA?
Our model-based fair value for Arcoma AB is kr 7.73 (as of Jul 15, 2026), built from audited fundamentals. The current price is kr 8.54.
What is the quality score of ARCOMA?
Arcoma AB has a Quality Score of 52/100. 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 Arcoma AB (ARCOMA)?
Arcoma AB reported trailing-twelve-month revenue of about 127M SEK (latest available figure, as of Jul 15, 2026).
What is the net profit margin of ARCOMA?
The net profit margin of Arcoma AB is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. 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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