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Capsol Technologies ASA (CAPSL) Fair Value & Analysis

Industrials · NO · Market cap 349M NOK

CT Capsol Technologies ASA CAPSL · OL
Pricekr 5.10
Fair Valuekr 0.5900
Upside-88.4%
Quality28/100
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Mixed Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (2/8)
Narrow moat 30/100
Evidence: Low Range kr 0.4400 – kr 0.8700 Share as image

Fair value as of: Jul 15, 2026

From 1 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from kr 3.93 to kr 0.5900 (−85.0%) since Jun 24, 2026. Share price +9.7% over the past month.

Below-average quality, and screening another 88% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 0.8700). The favourable scenario is already priced in.
  • Weak quality (28/100) 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 0.4400 to kr 0.8700) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 26.90 kr 4.04 Fair Value kr 0.5900 Dec 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

56‑month range kr 4.04 – kr 26.90 · fair‑value band kr 0.4400 – kr 0.8700 · the kr 5.10 price screens above the kr 0.5900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

Full chart & analysis →

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Analysis

Capsol Technologies ASA (CAPSL) currently trades at kr 5.10, while our model-based Fair Value estimate is kr 0.5900, implying the stock looks roughly 88.4% overvalued today. The Quality Score stands at 28/100 (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).

Net debt stands at 7.4M NOK. Fundamentals as of Jul 15, 2026

Our scenario range runs from kr 0.4400 (bear case) to kr 0.8700 (bull case); at kr 5.10, 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 48% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -88%, CAPSL screens richer 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
NCAV (Graham) kr 0.4400 kr 0.5900 kr 0.8700 50
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.4400 kr 0.5900 kr 0.8700 50

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Key figures & financial health

Return on equity -7,067%
Free cash flow −41.6M NOK FY2025
EPS (TTM) kr -1.27
Net debt 7.4M NOK FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 28 · Market factors (momentum, volatility) 16

Profitability 15
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 18
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

Capsol Technologies ASA provides carbon capture technology solutions using hot potassium carbonate solvent in the Europe, the United States, and internationally.

Full company description

Capsol Technologies ASA provides carbon capture technology solutions using hot potassium carbonate solvent in the Europe, the United States, and internationally. The company's products portfolio comprises Capsol end-of-pipe (EOP), a flexible EOP carbon capture solution; CapsolGo, a carbon capture demonstration unit; and CapsolGT, that consists of gas turbines with carbon capturing solutions. Its products are used in various segments, including cement, Energy-from-waste, Bio-energy, Gas turbines, and Other industries. The company was formerly known as CO2 Capsol AS and changed its name to Capsol Technologies ASA in June 2023. Capsol Technologies ASA was founded in 2014 and is based in Oslo, Norway.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Capsol Technologies ASA reported revenue of kr 70.7M in FY2025 versus kr 38.0K in FY2021, a compound +556.9%/yr. Reported net income was −kr 81.1M in FY2025.

Growth Quality 29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
70.7M NOK
Latest YoY
−25.0%
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.
+87.2%
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.
+211.4%
Avg. growth/yr (6Y) 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.
+189.0%
Revenue +556.9%/yr
FY21 kr 38.0K
FY22 kr 10.8M
FY23 kr 34.2M
FY24 kr 94.2M
FY25 kr 70.7M
Net income
FY21 −kr 25.3M
FY22 −kr 34.4M
FY23 −kr 43.4M
FY24 −kr 32.8M
FY25 −kr 81.1M

CAPSL screens 88% overvalued. Compare with Veralto Corporation →

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Cite: Fair Value Calculator (2026). "Capsol Technologies ASA Fair Value". https://www.fairvalue-calculator.com/stock/CAPSL

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 28 · Bottom 25%
Fair Value upside −88% · Bottom 25%
Return on assets 0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median
Debt / equity 0.05× · Lower than median

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

P/B 0.56× · 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 0 · sector 14
PAST 0 · sector 10
HEALTH 97 · sector 95
DIVIDEND 0 · sector 37

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

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 Jul 15, 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%
Shanghai Emperor of Cleaning Hi-Tech Co 603200 ¥38.97 ¥5.73 -85%

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Frequently asked questions

Is Capsol Technologies ASA (CAPSL) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of kr 0.5900 versus a price of kr 5.10, about −88% (overvalued).
What is the fair value of CAPSL?
Our model-based fair value for Capsol Technologies ASA is kr 0.5900 (as of Jul 15, 2026), built from audited fundamentals. The current price is kr 5.10.
What is the quality score of CAPSL?
Capsol Technologies ASA has a Quality Score of 28/100. 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 CAPSL?
The net profit margin of Capsol Technologies ASA is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. 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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