Binero Group (BINERO) Fair Value & Analysis
Technology · SE · Market cap 248M SEK
Fair value as of: Jul 18, 2026
From 9 valuation models · updated 23 days ago
Share price −6.1% over the past month.
Below-average quality, and screening another 28% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (kr 1.54). The favourable scenario is already priced in.
- Weak quality (19/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range kr 1.54 – kr 6.36 · fair‑value band kr 0.8755 – kr 1.54 · the kr 1.68 price screens above the kr 1.21 fair value. Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Binero Group (BINERO) currently trades at kr 1.68, while our model-based Fair Value estimate is kr 1.21, implying the stock looks roughly 28.2% overvalued today. The Quality Score stands at 19/100 (below-average quality), in the Technology 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: medium).
Over the trailing twelve months, Binero Group generated revenue of 480M SEK at a net margin of -10.4%. Revenue grew 18.6% year over year. It earns a return on equity of -41.5%. Net debt stands at 18.6M SEK. Fundamentals as of Jul 18, 2026
Our scenario range runs from kr 0.8755 (bear case) to kr 1.54 (bull case); at kr 1.68, 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 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -28%, BINERO 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.
All 9 models by family
Widest divergence: Asset-Based (kr 0.5900) versus Multiples (kr 0.3000). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 23 · Market factors (momentum, volatility) 20
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
Binero Group AB (publ) develops and delivers cloud and platform services in Sweden, Norway, Denmark, and Finland. It provides cloud services, including Swedish, public, private, and hybrid cloud; end to end services comprising support, project management, security, and managed services; and insights, such as GDPR-compliant cloud, sustainability, price, and …
Full company description
Binero Group AB (publ) develops and delivers cloud and platform services in Sweden, Norway, Denmark, and Finland. It provides cloud services, including Swedish, public, private, and hybrid cloud; end to end services comprising support, project management, security, and managed services; and insights, such as GDPR-compliant cloud, sustainability, price, and green data center services. The company also offers managed services, which include OS management, application and data base operation, backup, container management, and support services; and streaming, connected, hardware procurements, and network services. In addition, it provides IT services, such as infrastructure, operations, security, monitoring, and support services; and colocation, data centers, and IT consultancy services. The company was formerly known as Oniva Online Group Europe AB (publ) and changed its name to Binero Group AB (publ) in June 2018. Binero Group AB (publ) was incorporated in 1985 and is based in Bromma, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Binero Group reported revenue of kr 480M in FY2025 versus kr 52.5M in FY2021, a compound +73.9%/yr. Reported net income was −kr 49.7M in FY2025.
BINERO screens 28% overvalued. Compare with Microsoft Corporation →
Peer Group
Software - Infrastructure · 370 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.
Valuation Multiples vs Software - Infrastructure median · lower = cheaper
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: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $384.00 | $274.17 | -29% |
| Oracle Corporation ORAC | C$9.08 | C$2.94 | -68% |
| Fortinet, Inc FTNT | $160.78 | $44.96 | -72% |
| Synopsys, Inc 1SNPS | €354.50 | €93.61 | -74% |
| Block, Inc XYZ | A$114.53 | A$70.69 | -38% |
| CoreWeave, Inc CRWV | $79.94 | $44.89 | -44% |
| Range Intelligent Computing Technology Group 300442 | ¥71.60 | ¥34.00 | -53% |
| Oracle Financial Services Software Limited OFSS | ₹11,651 | ₹5,821 | -50% |
| 360 Security Technology Inc 601360 | ¥9.64 | ¥5.05 | -48% |
| One97 Communications Limited PAYTM | ₹1,342 | ₹181.50 | -86% |
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Frequently asked questions
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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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