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Clinical Laserthermia Systems AB (CLS-B) Fair Value & Analysis

Healthcare · SE · Market cap 106M SEK (≈ $11.0M) · ISIN SE0002756130

What is Clinical Laserthermia Systems AB really worth?

CL Clinical Laserthermia Systems AB CLS-B · ST
Pricekr 1.90
Fair Valuekr 1.04
Upside−45.3%
Quality23/100

Below-average quality, and trading another 83% above our fair value of kr 1.04.

As of Sep 5, 2026, the fair value of Clinical Laserthermia Systems AB is kr 1.04 per share against a price of kr 1.90, so the fair value sits 45% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Mixed Growth (revenue 5y +67.4 %/yr)
!Low debt · negative free cash flow
!Trails peers (3/8)
!Narrow moat 6/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range kr 0.6800 – kr 1.30

Fair value as of: Sep 5, 2026

From 1 valuation models · updated today

Share price +3.3% 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 1.30). 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 0.6800 to kr 1.30) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

kr 327.90 kr 1.80 Fair Value kr 1.04 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range kr 1.80 – kr 327.90 · fair‑value band kr 0.6800 – kr 1.30 · the kr 1.90 price screens above the kr 1.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

Full chart & analysis →

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Analysis

Clinical Laserthermia Systems AB (CLS-B) currently trades at kr 1.90, while our model-based Fair Value estimate is kr 1.04, implying the stock looks roughly 82.7% overvalued today. The Quality Score stands at 23/100 (below-average quality), in the Healthcare sector. How firm this estimate is: it rests on 1 models at a data quality of 88/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at 14.3M SEK. Revenue declined 71.6% year over year. It earns a return on equity of −53.2%. The balance sheet holds a net cash position of 21.5M SEK. Fundamentals as of Sep 5, 2026

Our scenario range runs from kr 0.6800 (bear case) to kr 1.30 (bull case); at kr 1.90, 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. For context, the median of 10 Healthcare peers we cover trades at −34% fair-value upside, at −45%, CLS-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 1.12 kr 1.50 kr 2.24 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence kr 1.12 kr 1.50 kr 2.24 54

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Key figures & financial health

P/S ratio 7.84 TTM
EPS (TTM) kr −1.10
Net margin −237% TTM
Return on equity −53.2% TTM
Return on assets (EBIT) −89.7% avg 5y
Operating margin −757% TTM
More key figures
Growth
Revenue (TTM) 14.3M SEK TTM
Revenue growth (YoY) −71.6% 3y avg +40.8%
Balance sheet & cash flow
Free cash flow −35.9M SEK FY2025
Net cash 21.5M SEK FY2025

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 23/100

Of which business quality 30 · Market factors (momentum, volatility) 15

Profitability 1
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 16
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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

Clinical Laserthermia Systems AB (publ) engages in the development of treatment tools for diseased tissue under the TRANBERG brand in Sweden. It offers TRANBERG, a thermal therapy system designed to deliver laser energy to heat the target tissue.

Full company description

Clinical Laserthermia Systems AB (publ) engages in the development of treatment tools for diseased tissue under the TRANBERG brand in Sweden. It offers TRANBERG, a thermal therapy system designed to deliver laser energy to heat the target tissue. The company also provides mobile laser unit, a controlling component with a wavelength of 1064 nanometers that provides multiple options to control treatment. In addition, it offers various gauge laser applicators and introducers, as well as provides temperature and treatment monitoring devices. The company has a strategic partnership with ClearPoint Neuro Inc. for the development of ClearPoint Prism, a Neuro Laser Therapy System. Clinical Laserthermia Systems AB (publ) was incorporated in 2006 and is headquartered in Lund, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Clinical Laserthermia Systems AB reported revenue of 17.5M SEK in FY2025 versus 2.2M SEK in FY2021, a compound +67.1%/yr. Reported net income was −41.6M SEK in FY2025.

Growth Quality 30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
17.5M SEK
Latest YoY
−6.9%
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.
+40.8%
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.
+67.4%
Avg. revenue growth/yr (17Y) 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.
+32.3%
EBIT 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.
−3,911.1% (2020) → −165.8% (2025)
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 +67.1%/yr
FY21 2.2M SEK
FY22 6.3M SEK
FY23 8.3M SEK
FY24 18.8M SEK
FY25 17.5M SEK
Net income
FY21 −63.6M SEK
FY22 −70.7M SEK
FY23 −79.8M SEK
FY24 −47.6M SEK
FY25 −41.6M SEK

CLS-B screens 83% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Clinical Laserthermia Systems AB Fair Value". https://www.fairvalue-calculator.com/stock/CLS-B

Peer Group

Medical Devices · 352 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 30 · Bottom 25%
Fair Value upside −45% · Below median
Return on assets −26% · Bottom 25%
Revenue growth −72% · Bottom 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/B 0.16× · Cheaper than 75% of peers
P/S (TTM) 0.77× · 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 0
FUTURE0 · sector 32
PAST0 · sector 5
HEALTH100 · sector 97
DIVIDEND0 · sector 35

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 Medical Devices stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $112.47 $74.79 −34%
Stryker Corporation SYK $322.12 $186.28 −42%
Medtronic plc MDT $89.97 $65.57 −27%
Boston Scientific Corporation BSX $46.84 $30.73 −34%
Edwards Lifesciences Corporation EW $89.78 $41.02 −54%
Siemens Healthineers AG SHL €39.52 €33.87 −14%
DexCom, Inc DXCM $90.82 $38.95 −57%
GE HealthCare Technologies Inc GEHC $74.82 $64.13 −14%
Koninklijke Philips N.V PHIA €23.69 €14.36 −39%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥150.63 ¥147.63 −2%

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Frequently asked questions

Is Clinical Laserthermia Systems AB (CLS-B) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of kr 1.04 versus a price of kr 1.90, about −45% upside (overvalued).
What is the fair value of CLS-B?
Our model-based fair value for Clinical Laserthermia Systems AB is kr 1.04 (as of Sep 5, 2026), built from audited fundamentals. The current price: kr 1.90.
What is the quality score of CLS-B?
Clinical Laserthermia Systems AB 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 revenue of Clinical Laserthermia Systems AB (CLS-B)?
Clinical Laserthermia Systems AB reported trailing-twelve-month revenue of about 14.3M SEK (latest available figure, as of Sep 5, 2026).
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