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Carasent AB (CARA) Fair Value & Analysis

Healthcare · SE · Market cap 1.6B SEK

CA Carasent AB CARA · ST
Pricekr 25.90
Fair Valuekr 8.82
Upside-66.0%
Quality66/100
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Mixed Growth
Solidly profitable · 11.9% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/12)
Narrow moat 35/100
Evidence: High Range kr 6.61 – kr 11.02 Share as image

Fair value as of: Jul 16, 2026

From 15 valuation models · updated 25 days ago

Share price +6.1% over the past month.

A solid business, but screening 66% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 11.02). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

kr 42.81 kr 9.91 Fair Value kr 8.82 Jan 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range kr 9.91 – kr 42.81 · fair‑value band kr 6.61 – kr 11.02 · the kr 25.90 price screens above the kr 8.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Carasent AB (CARA) currently trades at kr 25.90, while our model-based Fair Value estimate is kr 8.82, implying the stock looks roughly 66.0% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Healthcare 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: high).

Over the trailing twelve months, Carasent AB generated revenue of 349M SEK at a net margin of 11.6%. Revenue grew 6.1% year over year. It earns a return on equity of 4.9%. The balance sheet holds a net cash position of 108M SEK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 6.61 (bear case) to kr 11.02 (bull case); at kr 25.90, 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 17% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -53% fair-value upside, at -66%, CARA 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
Residual Income kr 8.53 kr 8.30 kr 7.03 76
ROIC Compounder kr 3.10 kr 3.24 kr 3.36 72
Growth-Adj P/E kr 9.92 kr 14.18 kr 18.43 68
All 15 models by family
DCF Models
Owner Earnings kr 10.48 kr 19.20 kr 35.16 31
Earnings-Based
Graham-Dodd kr 3.53 kr 23.97 kr 33.61 54
Lynch FV kr 7.04 kr 10.06 kr 13.07 50
PEG = 1.0 kr 7.04 kr 10.06 kr 13.07 46
EPV kr 3.10 kr 3.24 kr 3.36 59
Multiples
P/E Multiple kr 8.56 kr 11.41 kr 14.26 63
P/S Multiple kr 6.61 kr 8.82 kr 11.02 58
P/B Multiple kr 6.61 kr 8.82 kr 11.02 55
EV/EBIT kr 3.88 kr 4.48 kr 5.08 53
EV/EBITDA kr 11.56 kr 14.72 kr 17.88 54
EV/Revenue kr 3.37 kr 3.92 kr 4.47 43
Asset-Based
NCAV (Graham) kr 6.04 kr 8.10 kr 12.09 50
Economic Profit
Residual Income kr 8.53 kr 8.30 kr 7.03 76
ROIC Compounder kr 3.10 kr 3.24 kr 3.36 72
Growth Earnings
Growth-Adj P/E kr 9.92 kr 14.18 kr 18.43 68

Widest divergence: DCF Models (kr 19.20) versus Economic Profit (kr 3.24). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 349M SEK
Revenue growth (YoY) +6.1%
Net margin 11.6%
Return on equity 4.9%
Free cash flow −476K SEK FY2025
P/E ratio 37.9
More key figures
Operating margin 1.8%
EPS (TTM) kr 0.5800
Net cash 108M SEK FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 64 · Market factors (momentum, volatility) 49

Profitability 37
Margins and returns on capital today
Quality Growth 89
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 100
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

Carasent AB (publ) provides cloud based electronic health record (EHR) systems solutions and platform services for healthcare sector in Nordics and Germany. The company offers Webdoc, Webcur, Metodika, Ad Curis, Ad Opus, and Data-AL solutions.

Full company description

Carasent AB (publ) provides cloud based electronic health record (EHR) systems solutions and platform services for healthcare sector in Nordics and Germany. The company offers Webdoc, Webcur, Metodika, Ad Curis, Ad Opus, and Data-AL solutions. It also provides Medrave, Vårdrummet, Ad Voca, and HPI Plustoo services, as well as an ecosystem of platform services, including solutions for patient communication and business intelligence. The company was founded in 1997 and is headquartered in Gothenburg, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Carasent AB reported revenue of kr 344M in FY2025 versus kr 137M in FY2021, a compound +25.8%/yr. Reported net income was kr 34.7M in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
344M SEK
Latest YoY
+28.8%
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.
+20.8%
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.
+37.3%
Avg. growth/yr (23Y) 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.
+15.5%
Revenue +25.8%/yr
FY21 kr 137M
FY22 kr 195M
FY23 kr 244M
FY24 kr 267M
FY25 kr 344M
Net income
FY21 −kr 148K
FY22 kr 31.2M
FY23 −kr 46.4M
FY24 −kr 41.0M
FY25 kr 34.7M

CARA screens 66% overvalued. Compare with Veeva Systems Inc →

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Cite: Fair Value Calculator (2026). "Carasent AB Fair Value". https://www.fairvalue-calculator.com/stock/CARA

Peer Group

Health Information Services · 126 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 66 · Top 25%
Fair Value upside −66% · Below median
Return on equity (TTM) 5% · Above median
Return on assets 1% · Below median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) -3% · Below median
Revenue growth 18% · Above median

Valuation Multiples vs Health Information Services median · lower = cheaper

P/E (TTM) 39.4× · Pricier than median
P/B 2.02× · Pricier than median
P/S (TTM) 4.48× · Pricier than median
EV/EBITDA 55.8× · Pricier 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 90 · sector 33
PAST 21 · sector 8
HEALTH 100 · sector 98
DIVIDEND 0 · sector 35

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.

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 Health Information Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Veeva Systems Inc VEEV $190.12 $95.12 -50%
Pro Medicus Limited PME A$194.84 A$23.74 -88%
BrightSpring Health Services, Inc BTSG $68.16 $21.31 -69%
HealthEquity, Inc HQY $97.67 $56.63 -42%
Hinge Health, Inc HNGE $88.80 $24.03 -73%
10x Genomics, Inc TXG $45.75 $17.18 -62%
Waystar Holding WAY $22.69 $12.86 -43%
Doximity, Inc DOCS $22.21 $17.18 -23%
Privia Health Group PRVA $28.10 $5.30 -81%
Inventurus Knowledge Solutions Limited IKS ₹1,846 ₹860.28 -53%

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Frequently asked questions

Is Carasent AB (CARA) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 8.82 versus a price of kr 25.90, about −66% (overvalued).
What is the fair value of CARA?
Our model-based fair value for Carasent AB is kr 8.82 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 25.90.
What is the quality score of CARA?
Carasent AB has a Quality Score of 66/100. 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 Carasent AB (CARA)?
Carasent AB reported trailing-twelve-month revenue of about 349M SEK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of CARA?
The net profit margin of Carasent AB is about 11.6%, meaning it keeps roughly 11.6% 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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