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Climeon AB (CLIME-B) Fair Value & Analysis

Utilities · SE · Market cap 158M SEK (≈ $16.5M) · ISIN SE0009973548

What is Climeon AB really worth?

CA Climeon AB CLIME-B · ST
Pricekr 2.90
Fair Valuekr 0.6715
Upside−76.8%
Quality21/100

Below-average quality, and trading another 332% above our fair value of kr 0.6715.

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Risks

!Weak Growth (revenue 5y −21.0 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Trails peers (3/9)
!Narrow moat 6/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range kr 0.4420 – kr 0.8415

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 22 days ago

Share price +16.0% 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 0.8415). The favourable scenario is already priced in.
  • Weak quality (21/100) 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.

Price vs Fair Value (5 years)

kr 183.46 kr 1.99 Fair Value kr 0.6715 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 1.99 – kr 183.46 · fair‑value band kr 0.4420 – kr 0.8415 · the kr 2.90 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 Aug 13, 2026.

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Analysis

Climeon AB (CLIME-B) currently trades at kr 2.90, while our model-based Fair Value estimate is kr 0.6715, implying the stock looks roughly 331.8% overvalued today. The Quality Score stands at 21/100 (below-average quality), in the Utilities sector. How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at 24.3M SEK. Revenue grew 17.0% year over year. It earns a return on equity of −58.5%. The balance sheet holds a net cash position of 21.8M SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 0.4420 (bear case) to kr 0.8415 (bull case); at kr 2.90, 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 41% below its 52-week high and 49% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −12% fair-value upside, at −77%, CLIME-B screens richer 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 1.60 kr 2.14 kr 3.20 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence kr 1.60 kr 2.14 kr 3.20 54

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Key figures & financial health

P/S ratio 10.5 TTM
EPS (TTM) kr −2.69
Return on equity −58.5% TTM
Return on assets (EBIT) −31.8% avg 5y
Operating margin −263% TTM
Revenue (TTM) 24.3M SEK TTM
More key figures
Growth
Revenue growth (YoY) +17.0% 3y avg −1.3%
Balance sheet & cash flow
Free cash flow −43.6M SEK FY2025
Net cash 21.8M SEK FY2025

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

Quality Score breakdown

Overall quality 21/100

Of which business quality 23 · Market factors (momentum, volatility) 18

Profitability 0
Margins and returns on capital today
Quality Growth 3
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 18
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

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Climeon AB 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.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
13.4M SEK
Latest YoY
−68.6%
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.
−1.3%
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.
−21.0%
Avg. revenue growth/yr (10Y) 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.
+80.7%
Value creation/yr 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
Revenue −17.4%/yr
FY21 28.8M SEK
FY22 13.9M SEK
FY23 6.2M SEK
FY24 42.6M SEK
FY25 13.4M SEK
Net income
FY21 −107M SEK
FY22 −126M SEK
FY23 −136M SEK
FY24 −104M SEK
FY25 −143M SEK

CLIME-B screens 332% overvalued. Compare with China Yangtze Power Co →

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

Peer Group

Utilities - Renewable · 212 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 23 · Bottom 25%
Fair Value upside −77% · Bottom 25%
Return on assets −27% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth −43% · Bottom 25%

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/B 0.08× · Cheaper than 75% of peers
P/S (TTM) 0.74× · Cheaper than median

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 5
FUTURE0 · sector 0
PAST0 · sector 14
HEALTH100 · sector 68
DIVIDEND0 · sector 44

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

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.96 ¥25.13 −10%
Ørsted A/S ORSTED kr 139.25 kr 31.40 −77%
Huaneng Lancang River Hydropower Inc 600025 ¥9.79 ¥5.57 −43%
Adani Green Energy Limited ADANIGREEN ₹1,319 ₹169.61 −87%
AXIA Energia SA AXIAP $10.74 $9.49 −12%
VERBUND AG VER €59.65 €55.03 −8%
BEP BEP $31.27 $70.40 +125%
BEPUN BEPUN C$45.05 C$42.83 −5%
Fortum Oyj FORTUM €19.80 €13.55 −32%
China Longyuan Power Group 001289 ¥15.92 ¥7.55 −53%

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Frequently asked questions

Is Climeon AB (CLIME-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 0.6715 versus a price of kr 2.90, about −77% upside (overvalued).
What is the fair value of CLIME-B?
Our model-based fair value for Climeon AB is kr 0.6715 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 2.90.
What is the quality score of CLIME-B?
Climeon AB has a Quality Score of 21/100. 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 Climeon AB (CLIME-B)?
Climeon AB reported trailing-twelve-month revenue of about 24.3M SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of CLIME-B?
The net profit margin of Climeon 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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