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Dynavox Group (DYVOX) Fair Value & Analysis

Healthcare · SE · Market cap 7.0B SEK

DG Dynavox Group DYVOX · ST
Pricekr 73.80
Fair Valuekr 31.90
Upside-56.8%
Quality49/100
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Expensive Growth
Thin margins · 7.3% net margin
Moderate debt · negative free cash flow
0.78% dividend yield
Trails peers (3/13)
Moderate moat 60/100
Evidence: Medium Range kr 23.43 – kr 40.49 Share as image

Fair value as of: Jul 16, 2026

From 15 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from kr 32.37 to kr 31.90 (−1.5%) since Jun 24, 2026. Share price +20.1% over the past month.

Below-average quality, and screening another 57% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 40.49). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

kr 130.52 kr 17.61 Fair Value kr 31.90 Dec 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

56‑month range kr 17.61 – kr 130.52 · fair‑value band kr 23.43 – kr 40.49 · the kr 73.80 price screens above the kr 31.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Dynavox Group (DYVOX) currently trades at kr 73.80, while our model-based Fair Value estimate is kr 31.90, implying the stock looks roughly 56.8% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Dynavox Group generated revenue of 2.5B SEK at a net margin of 7.3%. Revenue grew 1.2% year over year. It earns a return on equity of 32.5%. Net debt stands at 909M SEK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 23.43 (bear case) to kr 40.49 (bull case); at kr 73.80, 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 44% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -57%, DYVOX 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 BearBaseBull Evidence
Highest evidence
ROIC Compounder kr 16.96 kr 28.55 kr 35.81 72
Growth-Adj P/E kr 34.88 kr 49.83 kr 64.78 68
P/E Multiple kr 25.78 kr 34.37 kr 42.96 63
All 15 models by family
DCF Models
Owner Earnings kr 20.41 kr 52.50 kr 117.40 31
Earnings-Based
Graham-Dodd kr 10.62 kr 74.09 kr 103.97 54
Lynch FV kr 26.42 kr 37.74 kr 49.07 50
PEG = 1.0 kr 26.42 kr 37.74 kr 49.07 46
EPV kr 12.23 kr 15.11 kr 17.59 59
Multiples
P/E Multiple kr 25.78 kr 34.37 kr 42.96 63
P/S Multiple kr 19.92 kr 26.56 kr 33.20 58
P/B Multiple kr 19.17 kr 25.56 kr 31.95 55
EV/EBIT kr 24.56 kr 34.75 kr 44.93 53
EV/EBITDA kr 41.72 kr 57.61 kr 73.51 54
EV/Revenue kr 15.82 kr 25.16 kr 34.51 43
Asset-Based
NCAV (Graham) kr 2.84 kr 3.81 kr 5.68 50
Economic Profit
Residual Income kr 10.32 kr 14.10 kr 88.40 61
ROIC Compounder kr 16.96 kr 28.55 kr 35.81 72
Growth Earnings
Growth-Adj P/E kr 34.88 kr 49.83 kr 64.78 68

Widest divergence: DCF Models (kr 52.50) versus Asset-Based (kr 3.81). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) 2.5B SEK
Revenue growth (YoY) +1.2%
Net margin 7.3%
Return on equity 32.5%
Free cash flow −8.3M SEK FY2025
P/E ratio 38.9
More key figures
Operating margin 9.9%
EPS (TTM) kr 1.69
Dividend yield 0.8%
EPS growth (YoY) +59.1%
Net debt 909M SEK FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 49 · Market factors (momentum, volatility) 28

Profitability 70
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 22
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 79
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

Dynavox Group AB (publ), through its subsidiaries, engages in the development and sale of assistive technology products for customers with communication disabilities.

Full company description

Dynavox Group AB (publ), through its subsidiaries, engages in the development and sale of assistive technology products for customers with communication disabilities. The company offers custom designed augmentative and alternative communication (AAC) solutions that enable people with disabilities, such as cerebral palsy, ALS, autism, and spinal cord injury, to communicate on their own. Its communication solutions include language, software, hardware, funding, support, and training. The company operates in Sweden, Norway, Denmark, Belgium, the United States, Germany, France, China, the United Kingdom, Ireland, Australia, and New Zealand. The company was formerly known as Tobii Dynavox AB (publ) and changed its name to Dynavox Group AB (publ) in July 2024. Dynavox Group AB (publ) was incorporated in 2012 and is headquartered in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dynavox Group reported revenue of kr 2.5B in FY2025 versus kr 871M in FY2021, a compound +29.7%/yr. Reported net income was kr 166M in FY2025, compounding +53.6%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.5B SEK
Latest YoY
+25.1%
Avg. growth/yr (3Y)
+26.6%
Avg. growth/yr (5Y)
+22.5%
Avg. growth/yr (6Y)
+18.1%
Revenue +29.7%/yr
FY21 kr 871M
FY22 kr 1.2B
FY23 kr 1.6B
FY24 kr 2.0B
FY25 kr 2.5B
Net income +53.6%/yr
FY21 kr 29.8M
FY22 kr 48.6M
FY23 kr 104M
FY24 kr 146M
FY25 kr 166M

DYVOX screens 57% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Dynavox Group Fair Value". https://www.fairvalue-calculator.com/stock/DYVOX

Peer Group

Medical Instruments & Supplies · 203 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 49 · Below median
Fair Value upside −57% · Bottom 25%
Return on equity (TTM) 32% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 10% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 0.8% · Below median
Debt / equity 1.38× · Higher than 75% of peers

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 38.9× · Pricier than median
P/B 11.58× · Pricier than 75% of peers
P/S (TTM) 2.82× · Pricier than median
EV/EBITDA 19.6× · Pricier 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 0 · sector 0
FUTURE 6 · sector 27
PAST 100 · sector 25
HEALTH 31 · sector 96
DIVIDEND 16 · sector 32

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Dynavox Group (DYVOX) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 31.90 versus a price of kr 73.80, about −57% (overvalued).
What is the fair value of DYVOX?
Our model-based fair value for Dynavox Group is kr 31.90 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 73.80.
What is the quality score of DYVOX?
Dynavox Group has a Quality Score of 49/100. 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 Dynavox Group (DYVOX)?
Dynavox Group reported trailing-twelve-month revenue of about 2.5B SEK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of DYVOX?
The net profit margin of Dynavox Group is about 7.3%, meaning it keeps roughly 7.3% of revenue as net income. Based on the latest reported figures.
Does Dynavox Group pay a dividend?
Dynavox Group currently shows a dividend yield of about 0.66% relative to its recent price (as of Jul 16, 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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