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Compodium International AB (COMPDM) Fair Value & Analysis

Technology · SE · Market cap 49.5M SEK

CI Compodium International AB COMPDM · ST
Pricekr 5.25
Fair Valuekr 13.04
Upside+148.4%
Quality59/100
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Mixed Growth
Loss-making · -33.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/11)
Narrow moat 15/100
Evidence: Medium Range kr 9.94 – kr 16.14 Share as image

Fair value as of: Jul 13, 2026

From 11 valuation models · updated 28 days ago

Share price −8.7% over the past month.

A solid business, screening 148% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (kr 9.94). The market is more pessimistic than our downside scenario.
  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

kr 40.80 kr 3.14 Fair Value kr 13.04 Nov 2021 Aug 2026

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

How to read this chart

57‑month range kr 3.14 – kr 40.80 · fair‑value band kr 9.94 – kr 16.14 · the kr 5.25 price screens below the kr 13.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Compodium International AB (COMPDM) currently trades at kr 5.25, while our model-based Fair Value estimate is kr 13.04, implying the stock looks roughly 148.4% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Compodium International AB generated revenue of 46.0M SEK at a net margin of -33.0%. Revenue declined 13.9% year over year. It earns a return on equity of -31.1%. The balance sheet holds a net cash position of 5.4M SEK. Fundamentals as of Jul 13, 2026

Our scenario range runs from kr 9.94 (bear case) to kr 16.14 (bull case); at kr 5.25, the current price sits below 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 24% below its 52-week high and 68% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at 148%, COMPDM screens cheaper 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
Growth DCF kr 4.49 kr 6.23 kr 8.45 80
Rev-Margin DCF kr 4.49 kr 6.88 kr 9.83 74
EV/EBITDA kr 9.98 kr 13.09 kr 16.19 54
All 11 models by family
DCF Models
FCF DCF kr 4.53 kr 6.49 kr 9.14 38
Owner Earnings kr 10.26 kr 15.11 kr 21.71 31
5Y Revenue Exit kr 4.49 kr 6.89 kr 10.04 39
5Y EBITDA Exit kr 7.13 kr 12.12 kr 18.22 41
10Y Revenue Exit kr 4.35 kr 6.39 kr 9.29 36
10Y EBITDA Exit kr 5.92 kr 9.59 kr 14.91 37
Multiples
EV/EBITDA kr 9.98 kr 13.09 kr 16.19 54
EV/Revenue kr 4.62 kr 6.32 kr 8.01 43
Asset-Based
NCAV (Graham) kr 2.35 kr 3.15 kr 4.71 50
Growth DCF
Growth DCF kr 4.49 kr 6.23 kr 8.45 80
Rev-Margin DCF kr 4.49 kr 6.88 kr 9.83 74

Widest divergence: DCF Models (kr 6.89) versus Asset-Based (kr 3.15). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 46.0M SEK
Revenue growth (YoY) -13.9%
Net margin -33.0%
Return on equity -31.1%
Free cash flow 3.7M SEK FY2025
Operating margin -24.8%
More key figures
EPS (TTM) kr -1.77
Net cash 5.4M SEK FY2025

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 54

Profitability 8
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 41
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

Compodium International AB (publ), a technology company, provides secure digital communication services in Sweden. It offers Vidicue, a video meeting solution where the confidential conversation can take place without the risk of intrusion or mishandling of sensitive personal data; TDialog, which can send messages with sensitive information internally, to …

Full company description

Compodium International AB (publ), a technology company, provides secure digital communication services in Sweden. It offers Vidicue, a video meeting solution where the confidential conversation can take place without the risk of intrusion or mishandling of sensitive personal data; TDialog, which can send messages with sensitive information internally, to other companies, or to individuals; and Compodium Embedded, enables the customer embed a video meetings in product, website. In addition, the company offers Compodium Forms; Compodium Meet; and SDK, a secure digital communication to enable municipalities, regions, and authorities to exchange sensitive and classified information digitally. Compodium International AB (publ) was founded in 1997 and is based in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Compodium International AB reported revenue of kr 44.5M in FY2025 versus kr 46.8M in FY2021, a compound −1.3%/yr. Reported net income was −kr 14.9M in FY2025.

Growth Quality 40/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
44.5M SEK
Latest YoY
+25.6%
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.
−8.8%
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.
+2.6%
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.
+5.8%
Revenue −1.3%/yr
FY21 kr 46.8M
FY22 kr 58.6M
FY23 kr 35.4M
FY24 kr 35.4M
FY25 kr 44.5M
Net income
FY21 −kr 23.3M
FY22 −kr 26.7M
FY23 −kr 20.7M
FY24 −kr 6.6M
FY25 −kr 14.9M

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Cite: Fair Value Calculator (2026). "Compodium International AB Fair Value". https://www.fairvalue-calculator.com/stock/COMPDM

Peer Group

Software - Application · 710 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 59 · Above median
Fair Value upside +148% · Top 25%
Return on assets -12% · Bottom 25%
Net margin (TTM) -33% · Bottom 25%
Operating margin (TTM) -25% · Bottom 25%
Revenue growth -14% · Bottom 25%

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.11× · Cheaper than 75% of peers
P/FCF 1.4× · 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 100 · sector 0
FUTURE 0 · sector 38
PAST 0 · sector 13
HEALTH 100 · sector 98
DIVIDEND 0 · sector 28

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Compodium International AB (COMPDM) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of kr 13.04 versus a price of kr 5.25, about +148% (undervalued).
What is the fair value of COMPDM?
Our model-based fair value for Compodium International AB is kr 13.04 (as of Jul 13, 2026), built from audited fundamentals. The current price is kr 5.25.
What is the quality score of COMPDM?
Compodium International AB has a Quality Score of 59/100. 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 Compodium International AB (COMPDM)?
Compodium International AB reported trailing-twelve-month revenue of about 46.0M SEK (latest available figure, as of Jul 13, 2026).
What is the net profit margin of COMPDM?
The net profit margin of Compodium International AB is about -33.0%, meaning it is currently running at a net loss. 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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