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Climeon AB (publ) (CLIME-B) fair value: what the stock is really worth

As of Oct 19, 2026: fair value (intrinsic value) of Climeon AB (publ) stock SEK 0.67, price SEK 2.70, upside -75.1%, quality 23 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Utilities · SE · ISIN SE0009973548

CA Climeon AB (publ) logo Thin data Oct 13, 2026

Climeon AB (publ)

CLIME-B · ST

Weakest SetupStrongly overvalued and low quality.

Our calculation puts a fair price 75% below what the stock costs today.

Low debt
Fair value kr 0.6715 · Strongly overvalued (−75.1%)
Quality 23/100
Weak Growth (revenue 5y −21.0 %/yr in SEK)
Negative free cash flow
Trails peers (2/8)
Narrow moat 6/100 · thin data
Thin data
⚠ Dilution

What runs behind every stock

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

Price vs Fair Value

kr 111.67 kr 1.99 Fair Value kr 0.6715 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 13, 2026.

How to read this chart

60‑month range kr 1.99 – kr 111.67 · fair‑value band kr 0.4420 – kr 0.8415 · the kr 2.70 price screens above the kr 0.6715 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.

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Company profile

Climeon AB (publ) provides heat power modules and other related services in Sweden, Europe, North America, and Asia. It develops and sells technical solutions for the recycling and conversion of low-temperature heat into renewable electricity.

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The company also offers HEATPOWER 300, an autonomous organic rankine cycle system that generates electricity from low-temperature heat sources; and Climeon Live, a cloud-based system for remote performance monitoring.

In addition, it provides integration services for modules; and service and support, installation assistance, consultancy, spare parts, and training services. The company offers its products under the HeatPower brand name. It serves marine, energy, geothermal, and industrial sectors.

Climeon AB (publ) was incorporated in 2011 and is headquartered in Stockholm, Sweden.

Stock analysis

Climeon AB (publ) (CLIME-B) currently trades at kr 2.70, while our model-based Fair Value estimate is kr 0.6715, 75.1% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: kr 0.4420 (bear) to kr 0.8415 (bull), the price of kr 2.70 sits above 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 23/100 (below-average quality), in the Utilities sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Climeon AB (publ) reported revenue of 13.4M SEK in FY2025 versus 28.8M SEK in FY2021, a compound −17.4%/yr. Reported net income was −143M SEK in FY2025.

Key figures

Market cap 170M SEK (≈ $17.2M) Micro · P/S ratio 8.04 · EPS (TTM) kr −2.56 · Return on equity −58.4% · Return on assets (EBIT) −31.8% · Operating margin −891% · Revenue (TTM) 22.4M SEK · Revenue growth (YoY) −43.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).

What moves the price

The share trades about 36% below its 52-week high and 36% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −40% fair-value upside, at −75%, CLIME-B screens richer than that median.

Fair Value models

Bear kr 0.4420 Fair Value kr 0.6715 Bull kr 0.8415
Price kr 2.70 · Upside -75.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham) kr 0.5200 kr 0.7900 kr 0.9900 54
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.5200 kr 0.7900 kr 0.9900 54

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 23/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 3
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 58
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Momentum 46
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 18
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−68.6%
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.
−1.3%
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.
−21.0%
Start year 2020 (pandemic). Over 10 years: +80.7% a year
Revenue growth 10 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.
+80.7%
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.
−313.0% (2020) → −906.1% (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

CLIME-B screens overvalued: fair value 75% below the price. Compare with China Yangtze Power Co →

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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.Utilities - Renewable · 200 stocks

Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 23 · Bottom 25%
Fair Value upside −75.1% · Bottom 25%
Profitability
Return on assets −61.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −43.3% · Bottom 25%

Valuation Multiplesvs Utilities - Renewable median · lower = cheaper

P/B 0.85× · Cheaper than median
P/S (12 months) 7.59× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 19
FUTURE (revenue growth)0 · sector 8
PAST (return on equity)0 · sector 13
HEALTH (low debt)100 · sector 68
DIVIDEND (yield)0 · sector 48

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

Context: sector, industry, market

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 Utilities - Renewable stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
China Yangtze Power Co 600900 ¥29.38 ¥32.32 +10% vs CLIME-B
SDIC Power Holdings 600886 ¥15.96 ¥17.56 +10% vs CLIME-B
VERBUND AG VER €66.70 €56.60 −15% vs CLIME-B
China Three Gorges Renewables (Group) Co 600905 ¥3.57 ¥2.40 −33% vs CLIME-B
Fortum Oyj FORTUM €23.39 €14.06 −40% vs CLIME-B
Huaneng Lancang River Hydropower Inc 600025 ¥10.18 ¥4.45 −56% vs CLIME-B
Public Power Corporation PPC €22.40 €7.44 −67% vs CLIME-B
EDP Renewables, S.A EDPR €12.46 €3.53 −72% vs CLIME-B
Ørsted A/S ORSTED kr 128.55 kr 33.25 −74% vs CLIME-B
Adani Green Energy Limited ADANIGREEN ₹1,274 ₹169.61 −87% vs CLIME-B

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Cite: Fair Value Calculator (2026). "Climeon AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/CLIME-B

Frequently asked questions

Is Climeon AB (publ) (CLIME-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 0.6715 versus a price of kr 2.70, about −75% upside (overvalued).
What is the fair value of CLIME-B?
Our model-based fair value for Climeon AB (publ) is kr 0.6715 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 2.70.
What is the quality score of CLIME-B?
Climeon AB (publ) has a Quality Score of 23/100. 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 Climeon AB (publ) (CLIME-B)?
Our model-based price target is the fair value of kr 0.6715 (as of Oct 13, 2026) from 1 valuation models. Cautious scenario kr 0.4420, optimistic scenario kr 0.8415. It is a calculation from audited fundamentals, not an analyst target.
What is the Climeon AB (publ) stock forecast for 2026?
Our models put fair value at kr 0.6715, about −75% upside versus a price of kr 2.70 (overvalued). Cautious scenario kr 0.4420, optimistic scenario kr 0.8415. The calculation is refreshed regularly with new filings.
What is the revenue of Climeon AB (publ) (CLIME-B)?
Climeon AB (publ) reported trailing-twelve-month revenue of about 22.4M SEK (latest available figure, as of Oct 13, 2026).
What is the intrinsic value of Climeon AB (publ) (CLIME-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Climeon AB (publ) it is kr 0.6715 per share (as of Oct 13, 2026), against a price of kr 2.70. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Climeon AB (publ) stock overvalued or undervalued in 2026?
As of Oct 13, 2026, CLIME-B trades above its calculated fair value: price kr 2.70, fair value kr 0.6715, a gap of about −75% (overvalued). 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 CLIME-B?
No. The price is what the market pays today (kr 2.70); the fair value is what the company's own numbers justify (kr 0.6715). For Climeon AB (publ) the two are kr 2.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is Climeon AB (publ) worth?
The market values Climeon AB (publ) at about 170M SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 2.70; our models calculate a fair value of kr 0.6715 per share.
What do the bullish and bearish scenarios say about CLIME-B?
Our models span a range for Climeon AB (publ): cautious scenario kr 0.4420, base kr 0.6715, optimistic kr 0.8415 per share (as of Oct 13, 2026, price kr 2.70). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Climeon AB (publ) (CLIME-B)?
Balance-sheet figures for Climeon AB (publ) (as of Oct 13, 2026): return on equity −58.4%. They feed the Quality Score of 23/100, which measures business quality independently of the share price.
How far is CLIME-B from its 52-week high?
Climeon AB (publ) trades at kr 2.70, about 36% below its 52-week high of kr 4.22 and 36% above the low of kr 1.99 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.6715 is for.
Which stocks are comparable to Climeon AB (publ)?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Fortum Oyj, 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 Climeon AB (publ) stock attractive at the current price?
The data as of Oct 13, 2026: price kr 2.70, calculated fair value kr 0.6715 (−75%), Quality Score 23/100, from 1 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 CLIME-B calculated?
We run Climeon AB (publ) through 1 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 0.6715, 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 13.9 % above its aggregate fair value. Climeon AB (publ) itself currently trades above fair value. 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 Climeon AB (publ) (CLIME-B)?
The closing price on Oct 19, 2026 was kr 2.70. Our model-based fair value is kr 0.6715, about −75% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Climeon AB (publ) right now?
The price sits above even our optimistic bull case (kr 0.8415). The favourable scenario is already priced in. Weak quality (23/100) 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 0.4420 to kr 0.8415) leaves room in how you read the outcome.

Key figures of Climeon AB (publ)

How large is the market capitalisation of Climeon AB (publ) (CLIME-B)?
The market capitalisation of Climeon AB (publ) is 170M SEK (≈ $17.2M). 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 Climeon AB (publ) (CLIME-B)?
The price-to-sales ratio of Climeon AB (publ) is 8.04 (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 Climeon AB (publ) (CLIME-B)?
Earnings per share at Climeon AB (publ) are kr −2.56. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Climeon AB (publ) (CLIME-B)?
The return on equity (ROE) of Climeon AB (publ) is −58.4% (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 Climeon AB (publ) (CLIME-B)?
On an EBIT basis the return on assets of Climeon AB (publ) is −31.8% (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 Climeon AB (publ) (CLIME-B)?
The operating margin of Climeon AB (publ) is −891% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Climeon AB (publ) (CLIME-B)?
Revenue at Climeon AB (publ) is growing −43.3% versus a year earlier (3y avg −1.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Climeon AB (publ) (CLIME-B) generate?
The free cash flow of Climeon AB (publ) is −43.6M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Climeon AB (publ) (CLIME-B) hold?
Climeon AB (publ) holds more cash than debt, 21.8M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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