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AVTECH Sweden AB (AVT-B) Fair Value & Analysis

Industrials · SE · Market cap 243M SEK (≈ $25.3M) · ISIN SE0004270445

What is AVTECH Sweden AB really worth?

AS AVTECH Sweden AB AVT-B · ST
Pricekr 3.04
Fair Valuekr 5.60
Upside+84.2%
Quality81/100

A strong business, trading 46% below our fair value of kr 5.60.

As of Aug 13, 2026, the fair value of AVTECH Sweden AB is kr 5.60 per share against a price of kr 3.04, so the fair value sits 84% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Healthy Growth (revenue 5y +31.0 %/yr)
Highly profitable · 31.2% net margin
Low debt · generates free cash flow
Ranks above peers (12/14)
Wide moat 89/100

Risks

!Evidence only low, so the estimate is less certain
!The models disagree: range kr 3.76 to kr 12.07

For context

·3.29% dividend yield
Evidence: Low Range kr 3.76 – kr 12.07

Fair value as of: Aug 13, 2026

From 25 valuation models · updated 22 days ago

Share price −42.4% over the past month.

What runs behind every stock

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

What matters now

  • The rarer combination: high quality (81/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (kr 3.76). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (kr 3.76 to kr 12.07). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

kr 12.15 kr 1.08 Fair Value kr 5.60 Jun 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

60‑month range kr 1.08 – kr 12.15 · fair‑value band kr 3.76 – kr 12.07 · the kr 3.04 price screens below the kr 5.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

AVTECH Sweden AB (AVT-B) currently trades at kr 3.04, while our model-based Fair Value estimate is kr 5.60, implying the stock looks roughly 45.7% undervalued today. The Quality Score stands at 81/100 (high quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of kr 9.54 per share, and 18 of the 25 models we run sit above the kr 3.04 price. Bear case: the Asset-Based group reads lowest at kr 0.7600, and 7 of the 25 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, AVTECH Sweden AB generated revenue of 54.7M SEK at a net margin of 31.2%. Revenue grew 13.4% year over year. It earns a return on equity of 30.2%. The balance sheet holds a net cash position of 33.9M SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 3.76 (bear case) to kr 12.07 (bull case); at kr 3.04, the current price sits below 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 76% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at 84%, AVT-B screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 0.1359 per share, which is 2.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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
FCF DCF kr 3.37 kr 4.57 kr 7.85 79
Growth DCF kr 3.21 kr 4.76 kr 7.40 78
EPV kr 2.71 kr 2.96 kr 3.16 74
All 25 models by family
DCF Models
FCF DCF kr 3.37 kr 4.57 kr 7.85 79
5Y Revenue Exit kr 2.39 kr 3.45 kr 5.49 72
5Y EBITDA Exit kr 3.91 kr 6.66 kr 11.77 72
5Y P/E Exit kr 4.83 kr 9.71 kr 16.10 68
10Y Revenue Exit kr 2.68 kr 4.16 kr 5.45 67
10Y EBITDA Exit kr 3.64 kr 6.69 kr 12.34 65
10Y P/E Exit kr 4.20 kr 8.25 kr 15.41 60
Earnings-Based
Graham-Dodd kr 2.25 kr 15.70 kr 22.04 63
Lynch FV kr 4.99 kr 7.13 kr 9.27 61
PEG = 1.0 kr 4.99 kr 7.13 kr 9.27 57
EPV kr 2.71 kr 2.96 kr 3.16 74
Dividend Discount
Gordon GGM kr 0.0100 kr 0.0200 kr 0.0300 67
DDM Multi-Stage kr 0.0100 kr 0.0200 kr 0.0200 67
Multiples
P/E Multiple kr 5.22 kr 6.95 kr 8.69 63
P/S Multiple kr 1.38 kr 1.85 kr 2.31 58
P/B Multiple kr 3.84 kr 5.12 kr 6.41 55
EV/EBIT kr 4.73 kr 6.09 kr 7.45 66
EV/EBITDA kr 4.37 kr 5.60 kr 6.84 67
EV/Revenue kr 1.82 kr 2.32 kr 2.82 54
Asset-Based
NCAV (Graham) kr 0.5700 kr 0.7600 kr 1.14 54
Growth DCF
Growth DCF kr 3.21 kr 4.76 kr 7.40 78
Rev-Margin DCF kr 2.39 kr 3.73 kr 5.76 72
Economic Profit
Residual Income kr 1.87 kr 2.87 kr 21.84 64
ROIC Compounder kr 2.98 kr 3.55 kr 4.20 72
Growth Earnings
Growth-Adj P/E kr 6.68 kr 9.54 kr 12.40 67

Widest divergence: Growth Earnings (kr 9.54) versus Dividend Discount (kr 0.0200). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 14.3 as of Jul 18, 2026
P/S ratio 5.13 P/E × margin
EPS (TTM) kr 0.3000 price ÷ EPS = P/E 14.3
Dividend yield 3.3% payout 33.3%
Net margin 35.9% FY2025
Return on equity 30.2% TTM
More key figures
Profitability
Return on assets (EBIT) 16.5% avg 5y
Operating margin 27.4% TTM
Growth
Revenue (TTM) 54.7M SEK TTM
Revenue growth (YoY) +13.4% 3y avg +30.4%
EPS growth (YoY) +2.7%
Balance sheet & cash flow
Free cash flow 12.1M SEK FY2025
Net cash 33.9M SEK FY2025

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

Quality Score breakdown

Overall quality 81/100

Of which business quality 79 · Market factors (momentum, volatility) 11

Profitability 88
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
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

AVTECH Sweden AB (publ) engages in the development and sale of products and services for digital air traffic management systems.

Full company description

AVTECH Sweden AB (publ) engages in the development and sale of products and services for digital air traffic management systems. The company provides ClearPath Safety, a real-time flight path optimization service with high-resolution weather and real aircraft parameters, such as weight, cost Index, and routing; Clearpath Optimization that offers automatic real-time trajectory optimization, vertical, lateral, speed, and on-time performance calculations; and Aventus, a service that delivers accurate wind and temperature data to the aircraft's computer to enhance the aircraft's calculations during the climb, cruise, and descent phases. It also offers SIGMA, an automatic service that presents precise turbulence data and weather hazards to the pilots in real time during the flight; and proFLIGHT, a unique visual flight weather and optimization tool for use by the professional pilot. In addition, the company offers ClearPath Vertical, ClearPath Dashboard, ClearPath App, ClearPath Dispatch, Weather Data, AMP, and Air Traffic Management services. The company serves airlines, airports, aviation and technology companies, and aircraft manufacturers. AVTECH Sweden AB (publ) was founded in 1988 and is headquartered in Kista, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AVTECH Sweden AB reported revenue of 47.4M SEK in FY2025 versus 11.8M SEK in FY2021, a compound +41.6%/yr. Reported net income was 17.0M SEK in FY2025.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
47.4M SEK
Latest YoY
+38.2%
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.
+30.4%
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.
+31.0%
Avg. revenue growth/yr (16Y) 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.
+11.7%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year.
≈ +34.2% (approximate, leans on 2025) · in SEK
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+30.9%
Dividend yield3.3%
Operating margin (EBIT) 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.−15.6% (2020) → 34.6% (2025) · rising
Worst earnings drop44,773% (2012) (loss year, drop beyond 100%) · in SEK
⚠ Rate leans on 2025: that final year sits 88% above its own trend (e.g. a one-off disposal gain) and could not be adjusted
Revenue +41.6%/yr
FY21 11.8M SEK
FY22 21.4M SEK
FY23 27.5M SEK
FY24 34.3M SEK
FY25 47.4M SEK
Net income
FY21 −1.4M SEK
FY22 6.1M SEK
FY23 9.0M SEK
FY24 12.6M SEK
FY25 17.0M SEK

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Cite: Fair Value Calculator (2026). "AVTECH Sweden AB Fair Value". https://www.fairvalue-calculator.com/stock/AVT-B

Peer Group

Aerospace & Defense · 229 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 81 · Top 25%
Fair Value upside +84% · Top 25%
Return on equity (TTM) 30% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 31% · Top 25%
Operating margin (TTM) 27% · Top 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 3.3% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Aerospace & Defense median · lower = cheaper

P/E (TTM) 14.3× · Cheaper than 75% of peers
P/B 4.15× · Pricier than median
P/S (TTM) 4.44× · Pricier than median
P/FCF 2.1× · Cheaper than 75% of peers
EV/EBITDA 9.5× · 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
VALUE100 · sector 0
FUTURE67 · sector 50
PAST100 · sector 38
HEALTH100 · sector 93
DIVIDEND66 · sector 16

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
General Electric Company GE $335.71 $116.71 −65%
RTX Corporation RTX $212.08 $88.37 −58%
Airbus SE AIR €213.00 €117.01 −45%
Lockheed Martin Corporation LMT $565.89 $419.01 −26%
Howmet Aerospace Inc HWM $264.85 $50.43 −81%
General Dynamics Corporation GD $379.32 $274.32 −28%
Northrop Grumman Corporation NOC $545.57 $356.59 −35%
TransDigm Group TDG $1,235 $571.03 −54%
L3Harris Technologies, Inc LHX $262.82 $146.55 −44%
Thales S.A HO €243.70 €171.13 −30%

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Frequently asked questions

Is AVTECH Sweden AB (AVT-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 5.60 versus a price of kr 3.04, about +84% upside (undervalued).
What is the fair value of AVT-B?
Our model-based fair value for AVTECH Sweden AB is kr 5.60 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 3.04.
What is the quality score of AVT-B?
AVTECH Sweden AB has a Quality Score of 81/100. 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 AVTECH Sweden AB (AVT-B)?
AVTECH Sweden AB reported trailing-twelve-month revenue of about 54.7M SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of AVT-B?
The net profit margin of AVTECH Sweden AB is about 31.2%, meaning it keeps roughly 31.2% of revenue as net income. Based on the latest reported figures.
Does AVTECH Sweden AB pay a dividend?
AVTECH Sweden AB currently shows a dividend yield of about 3.29% relative to its recent price (as of Aug 13, 2026).
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