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Biovica International AB (BIOVIC-B) Fair Value & Analysis

Healthcare · SE · Market cap 117M SEK (≈ $12.2M) · ISIN SE0008613731

What is Biovica International AB really worth?

BI Biovica International AB BIOVIC-B · ST
Pricekr 0.4210
Fair Valuekr 0.1785
Upside−57.6%
Quality36/100

Below-average quality, and trading another 136% above our fair value of kr 0.1785.

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Risks

!Mixed Growth (revenue 5y +45.1 %/yr)
!Thin margins · 0.0% net margin
!negative free cash flow
!Mixed vs. peers (4/8)
!Narrow moat 0/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range kr 0.1190 – kr 0.2295

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 22 days ago

Share price −17.1% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (kr 0.2295). The favourable scenario is already priced in.
  • Weak quality (36/100) 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.
  • A fairly wide model range (kr 0.1190 to kr 0.2295) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

kr 65.40 kr 0.2750 Fair Value kr 0.1785 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 0.2750 – kr 65.40 · fair‑value band kr 0.1190 – kr 0.2295 · the kr 0.4210 price screens above the kr 0.1785 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Biovica International AB (BIOVIC-B) currently trades at kr 0.4210, while our model-based Fair Value estimate is kr 0.1785, implying the stock looks roughly 135.8% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Healthcare sector. How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at 10.9M SEK. Revenue grew 45.7% year over year. It earns a return on equity of −83.9%. The balance sheet holds a net cash position of 66.1M SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 0.1190 (bear case) to kr 0.2295 (bull case); at kr 0.4210, 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 53% below its 52-week high and 56% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −59% fair-value upside, at −58%, BIOVIC-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
NCAV (Graham) best evidence kr 0.1600 kr 0.2100 kr 0.3100 51
All 1 models by family
Asset-Based
NCAV (Graham) best evidence kr 0.1600 kr 0.2100 kr 0.3100 51

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Key figures & financial health

P/S ratio 9.51 TTM
EPS (TTM) kr −0.4200
Return on equity −83.9% TTM
Return on assets (EBIT) −79.5% avg 5y
Operating margin −543% TTM
Revenue (TTM) 10.9M SEK TTM
More key figures
Growth
Revenue growth (YoY) +45.7% 3y avg +58.1%
Balance sheet & cash flow
Free cash flow −63.3M SEK FY2026
Net cash 66.1M SEK FY2026

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

Quality Score breakdown

Overall quality 36/100

Of which business quality 37 · Market factors (momentum, volatility) 36

Profitability 0
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 14
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.

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

Biovica International AB (publ), a biotech company, develops and commercializes novel blood-based biomarker assays that enhance the monitoring and predicting of cancer therapies in the European Union, United States of America, and internationally. It primarily focuses on breast cancer.

Full company description

Biovica International AB (publ), a biotech company, develops and commercializes novel blood-based biomarker assays that enhance the monitoring and predicting of cancer therapies in the European Union, United States of America, and internationally. It primarily focuses on breast cancer. The company develops DiviTum TKa, a blood-based biomarker assay that measures thymidine kinase activity, which is correlated with cell proliferation. It serves cancer institutes, pharmaceutical companies, and collaborative groups. The company was incorporated in 2008 and is headquartered in Uppsala, Sweden.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Biovica International AB reported revenue of 13.4M SEK in FY2026 versus 2.0M SEK in FY2022, a compound +59.9%/yr. Reported net income was −69.9M SEK in FY2026.

Growth Quality 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
13.4M SEK
Latest YoY
+55.2%
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.
+58.1%
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.
+45.1%
Avg. revenue growth/yr (12Y) 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.
+10.5%
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.
−1,934.6% (2021) → −523.5% (2026)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Revenue +59.9%/yr
FY22 2.0M SEK
FY23 3.4M SEK
FY24 7.3M SEK
FY25 8.6M SEK
FY26 13.4M SEK
Net income
FY22 −60.0M SEK
FY23 −110M SEK
FY24 −125M SEK
FY25 −87.6M SEK
FY26 −69.9M SEK

BIOVIC-B screens 136% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Biovica International AB Fair Value". https://www.fairvalue-calculator.com/stock/BIOVIC-B

Peer Group

Biotechnology · 625 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 37 · Below median
Fair Value upside −58% · Below median
Return on assets −51% · Bottom 25%
Net margin (TTM) 0% · Above median
Revenue growth 108% · Top 25%

Valuation Multiples vs Biotechnology median · lower = cheaper

P/B 0.14× · Cheaper than 75% of peers
P/S (TTM) 0.91× · 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
VALUE0 · sector 0
FUTURE100 · sector 0
PAST0 · sector 0
HEALTH0 · sector 98
DIVIDEND0 · sector 26

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

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $547.55 $278.78 −49%
Regeneron Pharmaceuticals, Inc REGN $807.71 $594.40 −26%
argenx SE ARGX €877.60 €292.84 −67%
Samsung Biologics Co 207940 1,518,000 KRW 1,055,793 KRW −30%
Alnylam Pharmaceuticals, Inc ALNY $228.61 $51.70 −77%
Royalty Pharma plc RPRX $60.58 $24.22 −60%
Celltrion, Inc 068270 190,700 KRW 74,519 KRW −61%
BeOne Medicines AG ONC $362.51 $111.35 −69%
BioNTech SE BNTX $111.40 $45.66 −59%
Incyte Corporation INCY $123.22 $115.79 −6%

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Frequently asked questions

Is Biovica International AB (BIOVIC-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 0.1785 versus a price of kr 0.4210, about −58% upside (overvalued).
What is the fair value of BIOVIC-B?
Our model-based fair value for Biovica International AB is kr 0.1785 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 0.4210.
What is the quality score of BIOVIC-B?
Biovica International AB has a Quality Score of 36/100. 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 Biovica International AB (BIOVIC-B)?
Biovica International AB reported trailing-twelve-month revenue of about 10.9M SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BIOVIC-B?
The net profit margin of Biovica International AB is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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