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Bure Equity AB (BURE) Fair Value & Analysis

Financial Services · SE · Market cap 21.0B SEK

BE Bure Equity AB BURE · ST
Pricekr 277.00
Fair Valuekr 226.79
Upside-18.1%
Quality47/100
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Expensive Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
0.99% dividend yield
Mixed vs. peers (6/12)
Narrow moat 41/100
Evidence: Medium Range kr 170.09 – kr 283.49 Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from kr 30.07 to kr 226.79 (+654.2%) since Jul 18, 2026. Share price +0.2% over the past month.

Below-average quality, and screening another 18% overvalued on our models.

What matters now

  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

kr 463.78 kr 166.85 Fair Value kr 226.79 May 2021 Aug 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 166.85 – kr 463.78 · fair‑value band kr 170.09 – kr 283.49 · the kr 277.00 price screens above the kr 226.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Bure Equity AB (BURE) currently trades at kr 277.00, while our model-based Fair Value estimate is kr 226.79, implying the stock looks roughly 18.1% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Financial Services 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).

Revenue grew 137.3% year over year. It earns a return on equity of -19.1%. The balance sheet holds a net cash position of 238M SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 170.09 (bear case) to kr 283.49 (bull case); at kr 277.00, 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 11% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -33% fair-value upside, at -18%, BURE 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.

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
P/B Multiple kr 170.24 kr 226.98 kr 283.73 55
NCAV (Graham) kr 133.52 kr 178.92 kr 267.04 50
All 2 models by family
Multiples
P/B Multiple kr 170.24 kr 226.98 kr 283.73 55
Asset-Based
NCAV (Graham) kr 133.52 kr 178.92 kr 267.04 50

Widest divergence: Multiples (kr 226.98) versus Asset-Based (kr 178.92). Highest evidence: P/B Multiple (55).

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Key figures & financial health

Revenue (TTM) −3.7B SEK
Revenue growth (YoY) +137%
Return on equity -19.1%
Free cash flow 296M SEK FY2025
Operating margin 101%
EPS (TTM) kr -51.60
More key figures
Dividend yield 1.0%
EPS growth (YoY) +141%
Net cash 238M SEK FY2025

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

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 55

Profitability 0
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 84
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

Bure Equity AB (publ) is a private equity and venture capital firm specializing in secondary direct, later stage, middle market, mature, buyouts, mid venture, late venture, PIPES, bridge, industry consolidation, recapitalizations, growth capital, special situation and turnarounds.

Full company description

Bure Equity AB (publ) is a private equity and venture capital firm specializing in secondary direct, later stage, middle market, mature, buyouts, mid venture, late venture, PIPES, bridge, industry consolidation, recapitalizations, growth capital, special situation and turnarounds. It primarily invests in education service companies, communication services, telecommunication services, medtech, consumer staples, financials, industrials, healthcare and information technology sectors. The firm prefers to invest in the Nordics and European developed markets. It invests between $5 million to $100 million. The firm seeks to be a principal shareholder with a controlling influence in the portfolio company. The firm takes majority stakes. Bure Equity AB (publ) was founded on November 23, 1992 and is based in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bure Equity AB reported revenue of kr 258M in FY2025 versus kr 197M in FY2021, a compound +7.0%/yr. Reported net income was −kr 4.7B in FY2025.

Growth Quality 61/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
258M SEK
Latest YoY
+7.1%
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.
+4.4%
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.
+26.1%
Avg. growth/yr (25Y) 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.
−13.9%
Revenue +7.0%/yr
FY21 kr 197M
FY22 kr 227M
FY23 kr 220M
FY24 kr 241M
FY25 kr 258M
Net income
FY21 kr 6.4B
FY22 −kr 9.2B
FY23 kr 4.7B
FY24 kr 5.7B
FY25 −kr 4.7B
Character of growth · EPS growth decomposed (2013-2023) +27.3 % p.a.
Revenue per share −13.3 pp

of which total revenue −13.7 pp · buybacks/dilution +0.3 pp

EBIT margin +46.6 pp
Tax rate +0.2 pp
Residual (interest, one-offs) −6.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

BURE screens 18% overvalued. Compare with BlackRock, Inc →

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Cite: Fair Value Calculator (2026). "Bure Equity AB Fair Value". https://www.fairvalue-calculator.com/stock/BURE

Peer Group

Asset Management · 690 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 46 · Bottom 25%
Fair Value upside −18% · Below median
Return on assets -12% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 101% · Top 25%
Revenue growth 137% · Top 25%
Dividend yield (TTM) 1.0% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/B 0.11× · Cheaper than 75% of peers
P/FCF 7.5× · Cheaper than median
PEG 1.16× · Cheaper than median

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 9 · sector 38
FUTURE 100 · sector 14
PAST 0 · sector 25
HEALTH 100 · sector 95
DIVIDEND 20 · sector 68

Insider activity: 40/100

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

Stock Price Fair Value vs Fair Value
BlackRock, Inc BLK $1,161 $465.75 -60%
Blackstone Inc BX $146.41 $52.88 -64%
Investor AB INVEB kr 417.90 kr 835.80 +100%
AB Industrivärden INDUA kr 544.00 kr 375.93 -31%
ICICIAMC ICICIAMC ₹3,077 ₹1,132 -63%
Jio Financial Services Limited JIOFIN ₹256.05 ₹171.84 -33%
Hedef Holding HEDEF 267.25 TRY 321.44 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹11,579 ₹11,257 -3%
HDFC Asset Management Company HDFCAMC ₹2,490 ₹866.78 -65%
Nippon Life Asset Management Limited NAMINDIA ₹1,182 ₹311.00 -74%

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Frequently asked questions

Is Bure Equity AB (BURE) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 226.79 versus a price of kr 277.00, about −18% (overvalued).
What is the fair value of BURE?
Our model-based fair value for Bure Equity AB is kr 226.79 (as of Aug 13, 2026), built from audited fundamentals. The current price is kr 277.00.
What is the quality score of BURE?
Bure Equity AB has a Quality Score of 47/100. 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 net profit margin of BURE?
The net profit margin of Bure Equity AB is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Bure Equity AB pay a dividend?
Bure Equity AB currently shows a dividend yield of about 1.00% relative to its recent price (as of Aug 13, 2026).

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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