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Dedicare AB (DEDI) Fair Value & Analysis

Industrials · SE · Market cap 534M SEK

DA Dedicare AB DEDI · ST
Pricekr 57.20
Fair Valuekr 58.82
Upside+2.8%
Quality61/100
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Mixed Growth
Thin margins · 2.6% net margin
Low debt · generates free cash flow
3.02% dividend yield
Ranks above peers (10/14)
Narrow moat 39/100
Evidence: High Range kr 44.22 – kr 73.53 Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Share price +25.3% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from kr 44.22 (bear) to kr 73.53 (bull), base kr 58.82. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 61/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

kr 121.72 kr 38.03 Fair Value kr 58.82 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range kr 38.03 – kr 121.72 · fair‑value band kr 44.22 – kr 73.53 · the kr 57.20 price screens below the kr 58.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Dedicare AB (DEDI) currently trades at kr 57.20, while our model-based Fair Value estimate is kr 58.82, implying the stock looks roughly 2.8% fairly valued today. The Quality Score stands at 61/100 (solid quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, Dedicare AB generated revenue of 1.5B SEK at a net margin of 2.3%. Revenue grew 3.4% year over year. It earns a return on equity of 11.3%. The balance sheet holds a net cash position of 30.3M SEK. Fundamentals as of Jul 20, 2026

Our scenario range runs from kr 44.22 (bear case) to kr 73.53 (bull case); at kr 57.20, the current price sits within 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 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 23% fair-value upside, at 3%, DEDI screens richer 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 77.56 kr 113.54 kr 163.34 80
Residual Income kr 26.06 kr 28.98 kr 42.28 76
Rev-Margin DCF kr 53.49 kr 75.47 kr 103.00 74
All 24 models by family
DCF Models
FCF DCF kr 78.09 kr 117.83 kr 175.77 38
Owner Earnings kr 67.49 kr 101.04 kr 149.96 31
5Y Revenue Exit kr 53.49 kr 74.95 kr 102.15 39
5Y EBITDA Exit kr 65.59 kr 99.04 kr 139.12 41
5Y P/E Exit kr 66.37 kr 100.59 kr 138.00 38
10Y Revenue Exit kr 61.66 kr 83.58 kr 113.51 36
10Y EBITDA Exit kr 69.70 kr 99.39 kr 140.84 37
10Y P/E Exit kr 70.17 kr 100.40 kr 140.01 35
Earnings-Based
Graham-Dodd kr 23.53 kr 96.36 kr 131.21 54
Lynch FV kr 24.20 kr 34.57 kr 44.94 50
PEG = 1.0 kr 24.20 kr 34.57 kr 44.94 46
EPV kr 27.68 kr 30.09 kr 32.09 59
Multiples
P/E Multiple kr 54.50 kr 72.66 kr 90.83 63
P/S Multiple kr 44.12 kr 58.82 kr 73.53 58
P/B Multiple kr 44.12 kr 58.82 kr 73.53 55
EV/EBIT kr 51.09 kr 64.77 kr 78.45 53
EV/EBITDA kr 63.14 kr 80.84 kr 98.54 54
EV/Revenue kr 39.33 kr 51.89 kr 64.45 43
Asset-Based
NCAV (Graham) kr 15.22 kr 20.39 kr 30.43 50
Growth DCF
Growth DCF kr 77.56 kr 113.54 kr 163.34 80
Rev-Margin DCF kr 53.49 kr 75.47 kr 103.00 74
Economic Profit
Residual Income kr 26.06 kr 28.98 kr 42.28 76
ROIC Compounder kr 27.68 kr 30.09 kr 34.23 72
Growth Earnings
Growth-Adj P/E kr 41.83 kr 59.76 kr 77.69 68

Widest divergence: DCF Models (kr 99.39) versus Asset-Based (kr 20.39). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.5B SEK
Revenue growth (YoY) +3.4%
Net margin 2.3%
Return on equity 11.3%
Free cash flow 64.2M SEK FY2025
P/E ratio 12.2
More key figures
Operating margin 1.6%
EPS (TTM) kr 3.54
Dividend yield 4.0%
EPS growth (YoY) +13.9%
Net cash 30.3M SEK FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 62 · Market factors (momentum, volatility) 72

Profitability 44
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 87
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

Dedicare AB (publ) operates as a recruitment and staffing company in the healthcare, life science, education, and social work industries in Sweden, Norway, the United Kingdom, and Denmark.

Full company description

Dedicare AB (publ) operates as a recruitment and staffing company in the healthcare, life science, education, and social work industries in Sweden, Norway, the United Kingdom, and Denmark. It recruits and contracts doctors and nurses; social secretaries, family therapists, curators and family home consultants, psychologists, and various support services in psychosocial work; educators, assistants, and other roles to schools and preschools; and offers recruitment and interim solutions in life science, pharmaceutical, biotechnology, and medical technology industries, as well as other related activities. The company was incorporated in 1995 and is headquartered in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dedicare AB reported revenue of kr 1.5B in FY2025 versus kr 1.2B in FY2021, a compound +3.9%/yr. Reported net income was kr 33.1M in FY2025, compounding −15.7%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.5B SEK
Latest YoY
−15.4%
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.
−6.3%
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.
+10.4%
Avg. 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.
+10.4%
Revenue +3.9%/yr
FY21 kr 1.2B
FY22 kr 1.8B
FY23 kr 2.0B
FY24 kr 1.7B
FY25 kr 1.5B
Net income −15.7%/yr
FY21 kr 65.6M
FY22 kr 101M
FY23 kr 110M
FY24 kr 47.1M
FY25 kr 33.1M
Character of growth · EPS growth decomposed (2014-2025) +2.8 % p.a.
Revenue per share +11.8 pp

of which total revenue +12.6 pp · buybacks/dilution −0.8 pp

EBIT margin −6.1 pp
Tax rate −0.3 pp
Residual (interest, one-offs) −2.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Dedicare AB Fair Value". https://www.fairvalue-calculator.com/stock/DEDI

Peer Group

Staffing & Employment Services · 85 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 61 · Above median
Fair Value upside +3% · Below median
Return on equity (TTM) 13% · Above median
Return on assets 4% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 4% · Above median
Revenue growth 10% · Top 25%
Dividend yield (TTM) 3.0% · Above median
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Staffing & Employment Services median · lower = cheaper

P/E (TTM) 13.8× · Cheaper than median
P/B 1.83× · Pricier than median
P/S (TTM) 0.36× · Pricier than median
P/FCF 0.9× · Cheaper than 75% of peers
EV/EBITDA 9.1× · Pricier than median

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 37 · sector 41
FUTURE 50 · sector 1
PAST 52 · sector 36
HEALTH 97 · sector 95
DIVIDEND 60 · sector 60

Insider activity: 45/100

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 Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Adecco Group ADEN CHF 20.46 CHF 23.73 +16%
Korn Ferry, KFY $78.61 $114.56 +46%
Robert Half Inc RHI $36.70 $22.10 -40%
TriNet Group TNET $57.56 $70.85 +23%
ManpowerGroup Inc MAN $39.02 $29.67 -24%
Insperity, Inc NSP $49.48 $17.34 -65%
FESCO Group 600861 ¥13.24 ¥45.46 +243%
Grupa Pracuj S.A GPP 47.40 PLN 65.45 PLN +38%
Barrett Business Services, Inc BBSI $37.43 $38.42 +3%
Maharah for Human Resources Company 1831 5.36 SAR 6.92 SAR +29%

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Frequently asked questions

Is Dedicare AB (DEDI) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of kr 58.82 versus a price of kr 57.20, about +3% (fairly valued).
What is the fair value of DEDI?
Our model-based fair value for Dedicare AB is kr 58.82 (as of Jul 20, 2026), built from audited fundamentals. The current price is kr 57.20.
What is the quality score of DEDI?
Dedicare AB has a Quality Score of 61/100. 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 Dedicare AB (DEDI)?
Dedicare AB reported trailing-twelve-month revenue of about 1.5B SEK (latest available figure, as of Jul 20, 2026).
What is the net profit margin of DEDI?
The net profit margin of Dedicare AB is about 2.3%, meaning it keeps roughly 2.3% of revenue as net income. Based on the latest reported figures.
Does Dedicare AB pay a dividend?
Dedicare AB currently shows a dividend yield of about 4.02% relative to its recent price (as of Jul 20, 2026).

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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