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Bactiguard Holding (BACTI-B) Fair Value & Analysis

Healthcare · SE · Market cap 568M SEK (≈ $59.4M) · ISIN SE0005878741

What is Bactiguard Holding really worth?

BH Bactiguard Holding BACTI-B · ST
Pricekr 16.00
Fair Valuekr 13.17
Upside−17.7%
Quality49/100

Below-average quality, and trading another 21% above our fair value of kr 13.17.

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Risks

!Mixed Growth (revenue 5y +4.6 %/yr)
!Loss-making · -4.3% net margin
!Low debt · negative free cash flow
!Trails peers (4/11)
!Narrow moat 17/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 10 out of 100
Evidence: Low Range kr 8.92 – kr 17.42

Fair value as of: Aug 17, 2026

From 3 valuation models · updated 19 days ago

What runs behind every stock

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

What matters now

  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 8.92 to kr 17.42) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

kr 197.40 kr 14.10 Fair Value kr 13.17 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range kr 14.10 – kr 197.40 · fair‑value band kr 8.92 – kr 17.42 · the kr 16.00 price screens above the kr 13.17 fair value. Dashed = 300-day average. As of Aug 17, 2026.

Full chart & analysis →

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Analysis

Bactiguard Holding (BACTI-B) currently trades at kr 16.00, while our model-based Fair Value estimate is kr 13.17, implying the stock looks roughly 21.5% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Healthcare sector. Bull case: the DCF Models group reads highest at a median of kr 26.09 per share, and 1 of the 3 models we run sit above the kr 16.00 price. Bear case: the Asset-Based group reads lowest at kr 6.80, and 2 of the 3 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Bactiguard Holding generated revenue of 201M SEK at a net margin of −4.3%. Revenue declined 28.1% year over year. It earns a return on equity of −2.8%. Net debt stands at 119M SEK. Fundamentals as of Aug 17, 2026

Our scenario range runs from kr 8.92 (bear case) to kr 17.42 (bull case); at kr 16.00, 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 54% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −34% fair-value upside, at −18%, BACTI-B screens cheaper 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
Owner Earnings best evidence kr 11.34 kr 26.09 kr 53.47 71
EV/EBITDA kr 10.33 kr 14.57 kr 18.82 67
NCAV (Graham) kr 5.07 kr 6.80 kr 10.14 54
All 3 models by family
DCF Models
Owner Earnings best evidence kr 11.34 kr 26.09 kr 53.47 71
Multiples
EV/EBITDA kr 10.33 kr 14.57 kr 18.82 67
Asset-Based
NCAV (Graham) kr 5.07 kr 6.80 kr 10.14 54

Widest divergence: DCF Models (kr 26.09) versus Asset-Based (kr 6.80). Highest evidence: Owner Earnings (71).

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Key figures & financial health

P/S ratio 2.82 TTM
EPS (TTM) kr −0.2500
Net margin −3.6% FY2025
Return on equity −2.8% TTM
Return on assets (EBIT) −7.8% avg 5y
Operating margin −16.9% TTM
More key figures
Growth
Revenue (TTM) 201M SEK TTM
Revenue growth (YoY) −28.1% 3y avg −1.2%
Balance sheet & cash flow
Free cash flow −7.2M SEK FY2025
Net debt 119M SEK FY2025

Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 46 · Market factors (momentum, volatility) 30

Profitability 21
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 6
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

Bactiguard Holding AB (publ), a medTech company, provides infection prevention technology and solutions in orthopedics, cardiology, neurology, urology, and vascular access areas.

Full company description

Bactiguard Holding AB (publ), a medTech company, provides infection prevention technology and solutions in orthopedics, cardiology, neurology, urology, and vascular access areas. The company also has a portfolio of wound management products, such as Hydrocyn Aqua, an antimicrobial solution and gel for acute, chronic, and infected wounds; and surgical sutures comprising non-absorbable, natural absorbable, synthetic absorable, and specialty sutures. It also operates through license partnerships with global MedTech companies that apply the technology to medical devices and sell them under own brand and co-branded. The company has licensed partnership with Becton, Dickinson & Company for urinary catheter bardex IC and lubrisil IC; Well Lead Medical for catheters and tubes; and Zimmer Biomet for orthopedic trauma implants. It operates in the United States, Sweden, Malaysia, India, Bangladesh, Indonesia, the Kingdom of Saudi Arabia, and internationally. The company was founded in 2005 and is headquartered in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bactiguard Holding reported revenue of 216M SEK in FY2025 versus 169M SEK in FY2021, a compound +6.2%/yr. Reported net income was −7.8M SEK in FY2025.

Growth Quality 8/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
216M SEK
Latest YoY
−11.4%
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.
−1.2%
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.
+4.6%
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.
+3.4%
EBIT 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.
−12.7% (2020) → −4.4% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +6.2%/yr
FY21 169M SEK
FY22 224M SEK
FY23 204M SEK
FY24 244M SEK
FY25 216M SEK
Net income
FY21 −58.8M SEK
FY22 −52.9M SEK
FY23 −138M SEK
FY24 −29.8M SEK
FY25 −7.8M SEK

BACTI-B screens 21% overvalued. Compare with Abbott Laboratories, →

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

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 49 · Below median
Fair Value upside −18% · Above median
Return on assets −1% · Below median
Net margin (TTM) −4% · Below median
Operating margin (TTM) −17% · Bottom 25%
Revenue growth −28% · Bottom 25%
Debt / equity 0.38× · Higher than 75% of peers

Valuation Multiples vs Medical Devices median · lower = cheaper

P/B 0.19× · Cheaper than 75% of peers
P/S (TTM) 0.30× · Cheaper than 75% of peers
EV/EBITDA 4.3× · 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
VALUE10 · sector 0
FUTURE0 · sector 32
PAST0 · sector 5
HEALTH81 · sector 97
DIVIDEND0 · sector 35

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 Medical Devices stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $112.47 $74.79 −34%
Stryker Corporation SYK $322.12 $186.28 −42%
Medtronic plc MDT $89.97 $65.57 −27%
Boston Scientific Corporation BSX $46.84 $30.73 −34%
Edwards Lifesciences Corporation EW $89.78 $41.02 −54%
Siemens Healthineers AG SHL €39.52 €33.87 −14%
DexCom, Inc DXCM $90.82 $38.95 −57%
GE HealthCare Technologies Inc GEHC $74.82 $64.13 −14%
Koninklijke Philips N.V PHIA €23.69 €14.36 −39%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥150.63 ¥147.63 −2%

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Frequently asked questions

Is Bactiguard Holding (BACTI-B) overvalued or undervalued?
As of Aug 17, 2026, our model estimates a fair value of kr 13.17 versus a price of kr 16.00, about −18% upside (overvalued).
What is the fair value of BACTI-B?
Our model-based fair value for Bactiguard Holding is kr 13.17 (as of Aug 17, 2026), built from audited fundamentals. The current price: kr 16.00.
What is the quality score of BACTI-B?
Bactiguard Holding has a Quality Score of 49/100. 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 Bactiguard Holding (BACTI-B)?
Bactiguard Holding reported trailing-twelve-month revenue of about 201M SEK (latest available figure, as of Aug 17, 2026).
What is the net profit margin of BACTI-B?
The net profit margin of Bactiguard Holding is about −4.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
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