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Bawat Water Technologies AB (BAWAT) Fair Value & Analysis

Industrials · SE · Market cap 101M SEK

BW Bawat Water Technologies AB BAWAT · ST
Pricekr 1.16
Fair Valuekr 0.4080
Upside-64.8%
Quality33/100
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Expensive Growth
Loss-making · -103.6% net margin
Negative equity (buybacks among others) · negative free cash flow
Trails peers (3/8)
Narrow moat 11/100
Evidence: Low Range kr 0.3060 – kr 0.5100 Share as image

Fair value as of: Jun 23, 2026

From 3 valuation models · updated 48 days ago

Share price +1.8% over the past month.

Below-average quality, and screening another 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 0.5100). The favourable scenario is already priced in.
  • Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (4 years)

kr 6.52 kr 0.5000 Fair Value kr 0.4080 Mar 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 23, 2026.

How to read this chart

52‑month range kr 0.5000 – kr 6.52 · fair‑value band kr 0.3060 – kr 0.5100 · the kr 1.16 price screens above the kr 0.4080 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jun 23, 2026.

Full chart & analysis →

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Analysis

Bawat Water Technologies AB (BAWAT) currently trades at kr 1.16, while our model-based Fair Value estimate is kr 0.4080, implying the stock looks roughly 64.8% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Industrials 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: low).

Trailing-twelve-month revenue stands at 21.3M SEK. Revenue grew 124.3% year over year. Net debt stands at 54.6M SEK. Fundamentals as of Jun 23, 2026

Our scenario range runs from kr 0.3060 (bear case) to kr 0.5100 (bull case); at kr 1.16, 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 13% below its 52-week high and 100% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -65%, BAWAT screens richer than that median.

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Key figures & financial health

Revenue (TTM) 21.3M SEK
Revenue growth (YoY) +124%
Net margin -104%
Return on equity -5,812%
Free cash flow −25.2M SEK FY2025
Operating margin -33.0%
More key figures
EPS (TTM) kr -0.2500
Net debt 54.6M SEK FY2025

Figures from reported company fundamentals · as of Jun 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 35 · Market factors (momentum, volatility) 56

Profitability 34
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 9
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 88
Distance to the 52-week high (market factor)
Net Issuance 0
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

Bawat Water Technologies AB, through its subsidiary, provides patented heat-based ballast water management system (BWMS) in Europe, Asia, and North America.

Full company description

Bawat Water Technologies AB, through its subsidiary, provides patented heat-based ballast water management system (BWMS) in Europe, Asia, and North America. The company offers ship based BWMS for new build and retrofit applications on ships; mobile BWMS for ports, terminals, shipyards, and service providers; and Ballast as a Service, a ballast water treatment solution. It also offers after-sales and maintenance services. The company was founded in 2011 and is based in Horsholm, Denmark.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bawat Water Technologies AB reported revenue of kr 21.3M in FY2025 versus kr 10.7M in FY2021, a compound +18.8%/yr. Reported net income was −kr 22.1M in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
21.3M SEK
Latest YoY
+46.3%
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.
+10.4%
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.
+17.6%
Revenue +18.8%/yr
FY21 kr 10.7M
FY22 kr 15.9M
FY23 kr 22.7M
FY24 kr 14.6M
FY25 kr 21.3M
Net income
FY21 −kr 30.1M
FY22 −kr 38.9M
FY23 −kr 33.6M
FY24 −kr 41.3M
FY25 −kr 22.1M

BAWAT screens 65% overvalued. Compare with Veralto Corporation →

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Cite: Fair Value Calculator (2026). "Bawat Water Technologies AB Fair Value". https://www.fairvalue-calculator.com/stock/BAWAT

Peer Group

Pollution & Treatment Controls · 91 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 33 · Bottom 25%
Fair Value upside −65% · Bottom 25%
Return on assets -26% · Bottom 25%
Net margin (TTM) -104% · Bottom 25%
Operating margin (TTM) -33% · Bottom 25%
Revenue growth 124% · Top 25%

Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper

P/S (TTM) 0.50× · 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 14
PAST 0 · sector 10
HEALTH 100 · sector 95
DIVIDEND 0 · sector 37

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

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Jun 23, 2026).

Stock Price Fair Value vs Fair Value
Veralto Corporation VLTO $94.21 $69.11 -27%
Zurn Elkay Water Solutions Corporation ZWS $47.63 $24.92 -48%
Canmax Technologies Co 300390 ¥57.02 ¥10.41 -82%
CECO Environmental Corp CECO $83.63 $15.19 -82%
Fujian Longking Co 600388 ¥17.58 ¥15.59 -11%
Munters Group MTRS kr 166.60 kr 16.90 -90%
China Conch Venture Holdings 0586 HK$8.83 HK$14.14 +60%
Mega Union Technology Inc 6944 1,005 TWD 539.58 TWD -46%
MayAir Technology (China) Co 688376 ¥96.57 ¥18.80 -81%
Zhongyuan Environmental Protection Co 000544 ¥7.30 ¥15.46 +112%

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Frequently asked questions

Is Bawat Water Technologies AB (BAWAT) overvalued or undervalued?
As of Jun 23, 2026, our model estimates a fair value of kr 0.4080 versus a price of kr 1.16, about −65% (overvalued).
What is the fair value of BAWAT?
Our model-based fair value for Bawat Water Technologies AB is kr 0.4080 (as of Jun 23, 2026), built from audited fundamentals. The current price is kr 1.16.
What is the quality score of BAWAT?
Bawat Water Technologies AB has a Quality Score of 33/100. 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 Bawat Water Technologies AB (BAWAT)?
Bawat Water Technologies AB reported trailing-twelve-month revenue of about 21.3M SEK (latest available figure, as of Jun 23, 2026).
What is the net profit margin of BAWAT?
The net profit margin of Bawat Water Technologies AB is about -103.6%, 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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