Ctek AB (CTEK) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Ctek AB SEK 11.30, price SEK 13.76, upside -17.9%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range kr 11.50 – kr 182.81 · fair‑value band kr 7.89 – kr 15.61 · the kr 13.76 price screens above the kr 11.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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CTEK AB (publ) develops, markets, and sells battery charging products for vehicles in Sweden, Nordics, Germany, Luxemburg, the America, rest of Europe, and internationally. The company operates in two segments, Consumer and Professional.
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CTEK AB (publ) develops, markets, and sells battery charging products for vehicles in Sweden, Nordics, Germany, Luxemburg, the America, rest of Europe, and internationally. The company operates in two segments, Consumer and Professional. It offers low-voltage battery chargers for various vehicles; and load balancing systems, back-end solutions, and accessories for electric vehicle charging. The company was founded in 1997 and is based in Falun, Sweden.
Stock analysis
Ctek AB (CTEK) currently trades at kr 13.76, while our model-based Fair Value estimate is kr 11.30, implying the stock looks roughly 21.8% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 15.82 per share, and 11 of the 22 models we run sit above the kr 13.76 price.
Bear case: the Earnings-Based group reads lowest at kr 4.64, and 11 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 7.89 (bear) to kr 15.61 (bull), the price of kr 13.76 sits inside 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 56/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Ctek AB reported revenue of 832M SEK in FY2025 versus 895M SEK in FY2021, a compound −1.8%/yr. Reported net income was 26.3M SEK in FY2025, compounding +56.4%/yr from FY2021.
Key figures
Market cap 963M SEK (≈ $97.0M) · P/E ratio 27.5 · P/S ratio 0.87 · EPS (TTM) kr 0.5000 · Net margin 3.2% · Return on equity 4.9% · Return on assets (EBIT) −0.7% · Operating margin 7.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −28% fair-value upside, at −18%, CTEK screens cheaper than that median.
Fair Value models
Bear kr 7.89Fair Value kr 11.30Bull kr 15.61
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 0.3671 per share) are deliberately not added.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 ⓘEvidence = 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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.0%
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.
−3.5%
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.
+3.9%
Start year 2020 (pandemic)
Revenue growth 7 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.
+6.1%
’18
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’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−8.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.4%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.21% → 9%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about −4.1% a year for the price and +6.7% for the forecasts.
Price, fair value, quality and upside side by side.
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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.Electrical Equipment & Parts · 552 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−19% · Above median
Profitability
Return on equity (TTM)5% · Below median
Return on assets4% · Above median
Net margin (TTM)4% · Below median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth−11% · Bottom 25%
Balance sheet
Debt / equity0.49× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)27.5× · Cheaper than median
P/B1.35× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Ctek AB Fair Value". https://www.fairvalue-calculator.com/stock/CTEK
Frequently asked questions
Is Ctek AB (CTEK) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 11.30 versus a price of kr 13.76, about −18% upside (overvalued).
What is the fair value of CTEK?
Our model-based fair value for Ctek AB is kr 11.30 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 13.76.
What is the quality score of CTEK?
Ctek AB has a Quality Score of 56/100. 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 Ctek AB (CTEK)?
Our model-based price target is the fair value of kr 11.30 (as of Sep 24, 2026) from 22 valuation models. Cautious scenario kr 7.89, optimistic scenario kr 15.61. It is a calculation from audited fundamentals, not an analyst target.
What is the Ctek AB stock forecast for 2026?
Our models put fair value at kr 11.30, about −18% upside versus a price of kr 13.76 (overvalued). Cautious scenario kr 7.89, optimistic scenario kr 15.61. The calculation is refreshed regularly with new filings.
What is the revenue of Ctek AB (CTEK)?
Ctek AB reported trailing-twelve-month revenue of about 808M SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into Ctek AB (CTEK)?
For today's price to be fair in a discounted-cash-flow model, Ctek AB would have to grow free cash flow by -2.2 % per year for five years (discount rate 12.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of CTEK use?
Our models discount Ctek AB at 12.3 %: a base by market capitalisation (micro), damped by beta 0.95, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ctek AB that is -2.2 % per year a year over ten years, using the same discount rate (12.3 %) and the same formula as our fair value.
How much growth has Ctek AB (CTEK) delivered so far?
Over the past 5 years revenue at Ctek AB grew +3.9 % a year. The price currently implies -2.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ctek AB (CTEK) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Ctek AB (-2.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ctek AB (CTEK)?
The free-cash-flow yield on the price is 14.96 %: that much free cash flow Ctek AB produces per unit of market value. When it exceeds the discount rate of our models (12.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ctek AB (CTEK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ctek AB it is kr 11.30 per share (as of Sep 24, 2026), against a price of kr 13.76. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Ctek AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CTEK trades above its calculated fair value: price kr 13.76, fair value kr 11.30, a gap of about −18% (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 CTEK?
No. The price is what the market pays today (kr 13.76); the fair value is what the company's own numbers justify (kr 11.30). For Ctek AB the two are kr 2.46 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ctek AB worth?
The market values Ctek AB at about 963M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 13.76; our models calculate a fair value of kr 11.30 per share.
What do the bullish and bearish scenarios say about CTEK?
Our models span a range for Ctek AB: cautious scenario kr 7.89, base kr 11.30, optimistic kr 15.61 per share (as of Sep 24, 2026, price kr 13.76). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CTEK?
Ctek AB trades at a price-to-earnings ratio of 27.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 11.30 is built from several models across several years. Other multiples: P/B 1.4, P/S 1.2, EV/EBITDA 10.8.
How solid is the balance sheet of Ctek AB (CTEK)?
Balance-sheet figures for Ctek AB (as of Sep 24, 2026): return on equity 4.9%, debt of 0.49 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is CTEK from its 52-week high?
Ctek AB trades at kr 13.76, about 16% below its 52-week high of kr 16.38 and 12% above the low of kr 12.24 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 11.30 is for.
Which stocks are comparable to Ctek AB?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Prysmian S.p.A, 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 Ctek AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 13.76, calculated fair value kr 11.30 (−18%), Quality Score 56/100, from 22 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 CTEK calculated?
We run Ctek AB through 22 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 11.30, 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 13.0 % above its aggregate fair value. Ctek AB 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 Ctek AB (CTEK)?
The closing price on Sep 24, 2026 was kr 13.76. Our model-based fair value is kr 11.30, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ctek AB right now?
Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 7.89 to kr 15.61) leaves room in how you read the outcome.
Key figures of Ctek AB
How large is the market capitalisation of Ctek AB (CTEK)?
The market capitalisation of Ctek AB is 963M SEK (≈ $97.0M). 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 Ctek AB (CTEK)?
The price-to-sales ratio of Ctek AB is 0.87 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ctek AB (CTEK)?
Earnings per share at Ctek AB are kr 0.5000 (price ÷ EPS = P/E 27.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ctek AB (CTEK)?
The net margin of Ctek AB is 3.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ctek AB (CTEK)?
The return on equity (ROE) of Ctek AB is 4.9% (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 Ctek AB (CTEK)?
On an EBIT basis the return on assets of Ctek AB is −0.7% (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 Ctek AB (CTEK)?
The operating margin of Ctek AB is 7.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ctek AB (CTEK)?
Revenue at Ctek AB is growing −11.1% versus a year earlier (3y avg −3.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ctek AB (CTEK)?
Earnings per share at Ctek AB are growing +41.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ctek AB (CTEK) carry?
The net debt of Ctek AB is 216M SEK (fiscal year 2025, ≈ 1.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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