EN DE

Creades AB (CRED-A) Fair Value & Analysis

Financial Services · SE · Market cap 11.4B SEK (≈ $1.2B) · ISIN SE0015661236

What is Creades AB really worth?

CA Creades AB CRED-A · ST
Pricekr 91.75
Fair Valuekr 69.76
Upside−24.0%
Quality72/100

A solid business, but trading 32% above our fair value of kr 69.76.

Watch Creades AB for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Highly profitable · 94.3% net margin
generates free cash flow
Wide moat 82/100

Risks

!Mixed Growth (revenue 5y +2.4 %/yr)
!Mixed vs. peers (7/13)
!Weak on valuation: 1 out of 100

For context

·1.74% dividend yield
Evidence: High Range kr 52.32 – kr 87.20

Fair value as of: Aug 23, 2026

From 2 valuation models · updated 13 days ago

Share price +4.3% over the past month.

What runs behind every stock

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

What matters now

  • A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (kr 87.20). The favourable scenario is already priced in.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

kr 136.30 kr 54.11 Fair Value kr 69.76 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range kr 54.11 – kr 136.30 · fair‑value band kr 52.32 – kr 87.20 · the kr 91.75 price screens above the kr 69.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Creades AB (CRED-A) currently trades at kr 91.75, while our model-based Fair Value estimate is kr 69.76, implying the stock looks roughly 31.5% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Financial Services sector. How firm this estimate is: it rests on 22 models at a data quality of 95/100, which puts the evidence level at high.

Revenue declined 45.6% year over year. It earns a return on equity of 5.3%. The balance sheet holds a net cash position of 279M SEK. The stock trades on a trailing P/E of 4.9 (as of Jul 18, 2026). Fundamentals as of Aug 23, 2026

Our scenario range runs from kr 52.32 (bear case) to kr 87.20 (bull case); at kr 91.75, 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 near its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −24%, CRED-A screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 1.70 per share, which is 2.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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
P/B Multiple best evidence kr 52.38 kr 69.84 kr 87.30 53
NCAV (Graham) kr 41.08 kr 55.05 kr 82.17 50
All 2 models by family
Multiples
P/B Multiple best evidence kr 52.38 kr 69.84 kr 87.30 53
Asset-Based
NCAV (Graham) kr 41.08 kr 55.05 kr 82.17 50

Widest divergence: Multiples (kr 69.84) versus Asset-Based (kr 55.05). Highest evidence: P/B Multiple (53).

Notify me when CRED-A reaches fair value

Put CRED-A on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 4.9 as of Jul 18, 2026
P/S ratio 53.5 P/E × margin
EPS (TTM) kr 17.25 price ÷ EPS = P/E 4.9
Dividend yield 1.7% payout 9.3%
Net margin 94.3% TTM
Return on equity 19.9% TTM
More key figures
Profitability
Return on assets (EBIT) 3.2% avg 5y
Operating margin 94.9% TTM
Growth
Revenue growth (YoY) +288%
EPS growth (YoY) +297%
Balance sheet & cash flow
Free cash flow 128M SEK FY2025
Net cash 279M SEK FY2025

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 68 · Market factors (momentum, volatility) 71

Profitability 47
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 82
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

Creades AB is a private equity and venture capital investment firm specializing in early, mid & late venture, emerging growth, middle market, growth capital and buyout investments. The firm typically invests in small and medium-sized public and private companies. It focuses on Swedish companies.

Full company description

Creades AB is a private equity and venture capital investment firm specializing in early, mid & late venture, emerging growth, middle market, growth capital and buyout investments. The firm typically invests in small and medium-sized public and private companies. It focuses on Swedish companies. The firm seeks to invest between SEK50 million ($4.78 million) and SEK500 million ($47.91 million). The firm can take both majority and minority stakes and also a seat on the board of directors of its portfolio companies. The firm uses personal and balance sheet capital for making investments. Creades AB was founded in 2011 and is based in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Creades AB reported revenue of 110M SEK in FY2025 versus 4.5B SEK in FY2021, a compound −60.4%/yr. Reported net income was 1.2B SEK in FY2025, compounding −26.7%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
110M SEK
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.
−34.2%
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.
+2.4%
Avg. revenue growth/yr (12Y) 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.
+32.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−19.4% · in SEK
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−21.1%
Dividend yield1.7%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −21.1% vs 10Y 11.9%, flattening
Operating margin (EBIT) 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.91.1% (2020) → 1,102.7% (2025) · rising
Worst earnings drop191% (2022) (loss year, drop beyond 100%) · in SEK
⚠ Revenue per share shrinking 2.7%/yr over ~10Y (margins intact) Structural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Revenue −60.4%/yr
FY21 4.5B SEK
FY22 −4.2B SEK
FY23 538M SEK
FY24 1.3B SEK
FY25 110M SEK
Net income −26.7%/yr
FY21 4.2B SEK
FY22 −3.9B SEK
FY23 558M SEK
FY24 1.2B SEK
FY25 1.2B SEK
Character of growth · EPS growth decomposed (2013-2023) +19.9 % p.a.
Revenue per share +18.2 %

of which total revenue +15.6 % · buybacks/dilution +2.3 %

EBIT margin +1.2 %
Tax rate −1.1 %
Residual (interest, one-offs) +1.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

CRED-A screens 32% overvalued. Compare with Blackstone Inc →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Creades AB Fair Value". https://www.fairvalue-calculator.com/stock/CRED-A

Peer Group

Asset Management · 695 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 72 · Top 25%
Fair Value upside −24% · Below median
Return on equity (TTM) 20% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 94% · Top 25%
Operating margin (TTM) 95% · Top 25%
Revenue growth 288% · Top 25%
Dividend yield (TTM) 1.7% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 4.9× · Cheaper than 75% of peers
P/B 1.02× · Pricier than median
P/S (TTM) 4.58× · Pricier than median
P/FCF 9.3× · Pricier than median
EV/EBITDA 9.2× · Pricier 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
VALUE1 · sector 40
FUTURE100 · sector 15
PAST80 · sector 24
HEALTH0 · sector 95
DIVIDEND35 · sector 81

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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $142.39 $52.88 −63%
Investor AB INVEB kr 417.20 kr 824.66 +98%
Brookfield Corporation BN C$55.74 C$10.67 −81%
KKR & Co KKR $108.68 $19.97 −82%
Apollo Global Management, Inc APO $135.04 $101.04 −25%
State Street Corporation STT $193.33 $138.33 −28%
Ameriprise Financial, Inc AMP $559.32 $515.24 −8%
Ares Management Corporation ARES $143.10 $30.88 −78%
Northern Trust Corporation NTRS $186.79 $122.02 −35%
Raymond James Financial, Inc RJF $181.10 $142.42 −21%

Compare Creades AB with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Creades AB (CRED-A) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of kr 69.76 versus a price of kr 91.75, about −24% upside (overvalued).
What is the fair value of CRED-A?
Our model-based fair value for Creades AB is kr 69.76 (as of Aug 23, 2026), built from audited fundamentals. The current price: kr 91.75.
What is the quality score of CRED-A?
Creades AB has a Quality Score of 72/100. 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 net profit margin of CRED-A?
The net profit margin of Creades AB is about 90.4%, meaning it keeps roughly 90.4% of revenue as net income. Based on the latest reported figures.
Does Creades AB pay a dividend?
Creades AB currently shows a dividend yield of about 1.74% relative to its recent price (as of Aug 23, 2026).
Free · no account needed

Watch Creades AB in the live analysis

One click puts Creades AB on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.