Binero Group AB (BINERO) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Binero Group AB SEK 2.40, price SEK 1.66, upside +44.4%, quality 19 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Binero Group AB (publ) develops and delivers cloud and platform services in Sweden, Norway, Denmark, and Finland.
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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.
Stock analysis
Binero Group AB (BINERO) currently trades at kr 1.66, while our model-based Fair Value estimate is kr 2.40, implying the stock looks roughly 30.7% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 3.21 per share, and 5 of the 9 models we run sit above the kr 1.66 price.
Bear case: the Multiples group reads lowest at kr 0.3000, and 4 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 1.52 (bear) to kr 4.66 (bull), the price of kr 1.66 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 19/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Binero Group AB reported revenue of 480M SEK in FY2025 versus 52.5M SEK in FY2021, a compound +73.9%/yr. Reported net income was −49.7M SEK in FY2025.
Key figures
Market cap 248M SEK (≈ $25.0M) · P/S ratio 0.52 · EPS (TTM) kr −0.4000 · Net margin −10.4% · Return on equity −41.4% · Return on assets (EBIT) −0.8% · Operating margin −13.0% · Revenue (TTM) 479M SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at 44%, BINERO screens cheaper than that median.
Fair Value models
Bear kr 1.52Fair Value kr 2.40Bull kr 4.66
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+15.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+66.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+60.0%
Start year 2020 (pandemic). Over 10 years: +10.4% a year
Revenue growth 21 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+33.2%
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Profit 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.
−47.8% (2020) → −1.9% (2025)
What shareholders gained per year ⓘ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
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+46.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +43.5% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Software - Infrastructure · 383 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score19 · Bottom 25%
Fair Value upside+44% · Top 25%
Profitability
Return on assets−6% · Bottom 25%
Net margin (TTM)−10% · Bottom 25%
Operating margin (TTM)−13% · Bottom 25%
Growth and dividend
Revenue growth19% · Above median
Balance sheet
Debt / equity0.29× · Above median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
P/B0.21× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Binero Group AB Fair Value". https://www.fairvalue-calculator.com/stock/BINERO
Frequently asked questions
Is Binero Group AB (BINERO) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 2.40 versus a price of kr 1.66, about +44% upside (undervalued).
What is the fair value of BINERO?
Our model-based fair value for Binero Group AB is kr 2.40 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 1.66.
What is the quality score of BINERO?
Binero Group AB has a Quality Score of 19/100. 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 price target for Binero Group AB (BINERO)?
Our model-based price target is the fair value of kr 2.40 (as of Sep 24, 2026) from 9 valuation models. Cautious scenario kr 1.52, optimistic scenario kr 4.66. It is a calculation from audited fundamentals, not an analyst target.
What is the Binero Group AB stock forecast for 2026?
Our models put fair value at kr 2.40, about +44% upside versus a price of kr 1.66 (undervalued). Cautious scenario kr 1.52, optimistic scenario kr 4.66. The calculation is refreshed regularly with new filings.
What is the revenue of Binero Group AB (BINERO)?
Binero Group AB reported trailing-twelve-month revenue of about 479M SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into Binero Group AB (BINERO)?
For today's price to be fair in a discounted-cash-flow model, Binero Group AB would have to grow free cash flow by +46.3 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +60.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BINERO use?
Our models discount Binero Group AB at 9.8 %: a base by market capitalisation (nano), damped by beta 1.13, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Binero Group AB that is +46.3 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Binero Group AB (BINERO) delivered so far?
Over the past 5 years revenue at Binero Group AB grew +60.0 % a year. The price currently implies +46.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Binero Group AB (BINERO) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Binero Group AB (+46.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Binero Group AB (BINERO)?
The free-cash-flow yield on the price is 0.78 %: that much free cash flow Binero Group AB produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Binero Group AB (BINERO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Binero Group AB it is kr 2.40 per share (as of Sep 24, 2026), against a price of kr 1.66. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Binero Group AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BINERO trades below its calculated fair value: price kr 1.66, fair value kr 2.40, a gap of about +44% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BINERO?
No. The price is what the market pays today (kr 1.66); the fair value is what the company's own numbers justify (kr 2.40). For Binero Group AB the two are kr 0.7370 per share apart. That gap is exactly why we show both numbers side by side.
How much is Binero Group AB worth?
The market values Binero Group AB at about 248M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 1.66; our models calculate a fair value of kr 2.40 per share.
What do the bullish and bearish scenarios say about BINERO?
Our models span a range for Binero Group AB: cautious scenario kr 1.52, base kr 2.40, optimistic kr 4.66 per share (as of Sep 24, 2026, price kr 1.66). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Binero Group AB (BINERO)?
Balance-sheet figures for Binero Group AB (as of Sep 24, 2026): return on equity −41.4%, debt of 0.29 per unit of equity. They feed the Quality Score of 19/100, which measures business quality independently of the share price.
How far is BINERO from its 52-week high?
Binero Group AB trades at kr 1.66, about 40% below its 52-week high of kr 2.78 and 5% above the low of kr 1.58 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 2.40 is for.
Which stocks are comparable to Binero Group AB?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Binero Group AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 1.66, calculated fair value kr 2.40 (+44%), Quality Score 19/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BINERO calculated?
We run Binero Group AB through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 2.40, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Binero Group AB currently trades 44 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Binero Group AB (BINERO)?
The closing price on Sep 23, 2026 was kr 1.66. Our model-based fair value is kr 2.40, about +44% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Binero Group AB right now?
The large discount to fair value meets weak quality (19/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (kr 1.52 to kr 4.66). 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.
Key figures of Binero Group AB
How large is the market capitalisation of Binero Group AB (BINERO)?
The market capitalisation of Binero Group AB is 248M SEK (≈ $25.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Binero Group AB (BINERO)?
The price-to-sales ratio of Binero Group AB is 0.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Binero Group AB (BINERO)?
Earnings per share at Binero Group AB are kr −0.4000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Binero Group AB (BINERO)?
The net margin of Binero Group AB is −10.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Binero Group AB (BINERO)?
The return on equity (ROE) of Binero Group AB is −41.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Binero Group AB (BINERO)?
On an EBIT basis the return on assets of Binero Group AB is −0.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Binero Group AB (BINERO)?
The operating margin of Binero Group AB is −13.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Binero Group AB (BINERO)?
Revenue at Binero Group AB is growing +18.5% versus a year earlier (3y avg +66.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Binero Group AB (BINERO) carry?
The net debt of Binero Group AB is 18.6M SEK (fiscal year 2025, ≈ 11.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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