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EmbeddedArt Group AB (EMART) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of EmbeddedArt Group AB SEK 0.85, price SEK 5.19, upside -83.6%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Technology · SE

EG Thin data Sep 24, 2026

EmbeddedArt Group AB

EMART · ST

Weakest SetupStrongly overvalued and low quality.

!Fair value kr 0.8500 · Strongly overvalued (−84%)
!Quality 48/100
!Expensive Growth (revenue 3y +196.2 %/yr)
!Thin margins · 2.1% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (1/12)
!Narrow moat 27/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 18 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

kr 47.00 kr 0.0309 Fair Value kr 0.8500 Jun 2021 Sep 2026

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 0.0309 – kr 47.00 · fair‑value band kr 0.6400 – kr 1.07 · the kr 5.19 price screens above the kr 0.8500 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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Company profile

EmbeddedArt Group AB (publ) conducts research, development, training, and consulting within defense security systems and the IT sector, as well as related activities in Sweden.

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EmbeddedArt Group AB (publ) conducts research, development, training, and consulting within defense security systems and the IT sector, as well as related activities in Sweden. The company develops sonar and UV sensor systems; ship technology on naval vessels; administration, integrated logistic support, and IT-security and system safety; communication systems; as well as project management, maintenance, and verification and validation services. It also offers underwater technology, including hydroacoustics, sensors systems, and electronics. In addition, it provides IoT platforms and commercial applications, including boat alarms, trackers, and intelligent devices for boats under the brand C-Pod, as well as provides trackers for general use under the brand Spara. The company was formerly known as C Security Systems AB (publ) and changed its name to EmbeddedArt Group AB (publ) in April 2024. EmbeddedArt Group AB (publ) was incorporated in 2011 and is based in Stockholm, Sweden.

Stock analysis

EmbeddedArt Group AB (EMART) currently trades at kr 5.19, while our model-based Fair Value estimate is kr 0.8500, implying the stock looks roughly 510.5% overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of kr 2.54 per share, and 0 of the 13 models we run sit above the kr 5.19 price.

Bear case: the Economic Profit group reads lowest at kr 0.4700, and 13 of the 13 models stay below the price. Evidence for this calculation is low.

Scenario range: kr 0.6400 (bear) to kr 1.07 (bull), the price of kr 5.19 sits above 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 48/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

EmbeddedArt Group AB reported revenue of 50.4M SEK in FY2025 versus 2.2M SEK in FY2021, a compound +119.6%/yr. Reported net income was 1.1M SEK in FY2025.

Key figures

Market cap 251M SEK (≈ $25.3M) · P/E ratio 168.6 · P/S ratio 3.58 · EPS (TTM) kr 0.0700 · Dividend yield 0.9% · Net margin 2.1% · Return on equity 9.6% · Return on assets (EBIT) −21.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 68% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at −84%, EMART screens richer than that median.

Fair Value models

Bear kr 0.6400 Fair Value kr 0.8500 Bull kr 1.07
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 0.0512 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.
Highest evidence
EPV kr 0.4700 kr 0.4700 kr 0.4800 71
Residual Income kr 0.5800 kr 0.6000 kr 0.6300 71
ROIC Compounder kr 0.4700 kr 0.4700 kr 0.4800 67
All 13 models by family
Earnings-Based
Graham-Dodd kr 0.3400 kr 2.38 kr 3.35 59
Lynch FV kr 1.23 kr 1.76 kr 2.29 57
PEG = 1.0 kr 1.23 kr 1.76 kr 2.29 53
EPV kr 0.4700 kr 0.4700 kr 0.4800 71
Multiples
P/E Multiple kr 1.06 kr 1.41 kr 1.76 63
P/S Multiple kr 0.6400 kr 0.8500 kr 1.07 58
P/B Multiple kr 0.6400 kr 0.8500 kr 1.07 55
EV/EBIT kr 0.5400 kr 0.5800 kr 0.6100 66
EV/Revenue kr 0.4800 kr 0.5100 kr 0.5300 54
Asset-Based
NCAV (Graham) kr 0.3600 kr 0.4900 kr 0.7300 54
Economic Profit
Residual Income kr 0.5800 kr 0.6000 kr 0.6300 71
ROIC Compounder kr 0.4700 kr 0.4700 kr 0.4800 67
Growth Earnings
Growth-Adj P/E kr 1.78 kr 2.54 kr 3.30 63

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Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 12

Profitability 58
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 23
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+1.2%
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.
+196.2%
What shareholders gained per year (last 3 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 3 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.
−61.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−62.6%
Dividend (yield on the price)0.9%
Profit margin 2021 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.−784% → 0%

EMART screens 511% overvalued. Compare with Keysight Technologies, Inc →

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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.Scientific & Technical Instruments · 160 stocks

Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 48 · Below median
Fair Value upside −83% · Bottom 25%
Profitability
Return on equity (TTM) 10% · Above median
Return on assets 0% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) −5% · Bottom 25%
Growth and dividend
Revenue growth −29% · Bottom 25%
Dividend yield (TTM) 0.9% · Below median
Balance sheet
Debt / equity 0.05× · Above median

Valuation Multiplesvs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 168.6× · Priciest 25%
P/B 16.22× · Priciest 25%
P/S (TTM) 4.99× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 26
PAST (return on equity)38 · sector 24
HEALTH (low debt)98 · sector 98
DIVIDEND (yield)18 · sector 19

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

Context: sector, industry, market

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

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Garmin Ltd GRMN $284.67 $304.44 +7%
Teledyne Technologies Incorporated TDY $621.05 $683.16 +10%
Chroma ATE Inc 2360 2,295 TWD 618.78 TWD −73%
MKS Inc MKSI $260.37 $201.24 −23%
AVIC Chengdu Aircraft Company 302132 ¥59.95 ¥19.61 −67%
Fortive Corporation FTV $55.95 $34.86 −38%
Trimble Inc TRMB $59.30 $29.11 −51%
Cognex Corporation CGNX $58.19 $38.50 −34%
Wuhan Guide Infrared Co 002414 ¥12.23 ¥9.52 −22%

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EmbeddedArt Group AB · Fair Value
kr 0.8500 −511%Fair Value
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Cite: Fair Value Calculator (2026). "EmbeddedArt Group AB Fair Value". https://www.fairvalue-calculator.com/stock/EMART

Frequently asked questions

Is EmbeddedArt Group AB (EMART) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 0.8500 versus a price of kr 5.19, about −84% upside (overvalued).
What is the fair value of EMART?
Our model-based fair value for EmbeddedArt Group AB is kr 0.8500 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 5.19.
What is the quality score of EMART?
EmbeddedArt Group AB has a Quality Score of 48/100. 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 EmbeddedArt Group AB (EMART)?
Our model-based price target is the fair value of kr 0.8500 (as of Sep 24, 2026) from 13 valuation models. Cautious scenario kr 0.6400, optimistic scenario kr 1.07. It is a calculation from audited fundamentals, not an analyst target.
What is the EmbeddedArt Group AB stock forecast for 2026?
Our models put fair value at kr 0.8500, about −84% upside versus a price of kr 5.19 (overvalued). Cautious scenario kr 0.6400, optimistic scenario kr 1.07. The calculation is refreshed regularly with new filings.
What is the revenue of EmbeddedArt Group AB (EMART)?
EmbeddedArt Group AB reported trailing-twelve-month revenue of about 50.4M SEK (latest available figure, as of Sep 24, 2026).
Does EmbeddedArt Group AB pay a dividend?
EmbeddedArt Group AB currently shows a dividend yield of about 0.90% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of EmbeddedArt Group AB (EMART)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EmbeddedArt Group AB it is kr 0.8500 per share (as of Sep 24, 2026), against a price of kr 5.19. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is EmbeddedArt Group AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, EMART trades above its calculated fair value: price kr 5.19, fair value kr 0.8500, a gap of about −84% (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 EMART?
No. The price is what the market pays today (kr 5.19); the fair value is what the company's own numbers justify (kr 0.8500). For EmbeddedArt Group AB the two are kr 4.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is EmbeddedArt Group AB worth?
The market values EmbeddedArt Group AB at about 251M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 5.19; our models calculate a fair value of kr 0.8500 per share.
What do the bullish and bearish scenarios say about EMART?
Our models span a range for EmbeddedArt Group AB: cautious scenario kr 0.6400, base kr 0.8500, optimistic kr 1.07 per share (as of Sep 24, 2026, price kr 5.19). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EMART?
EmbeddedArt Group AB trades at a price-to-earnings ratio of 168.6 (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 0.8500 is built from several models across several years. Other multiples: P/B 16.2, P/S 5.0.
How solid is the balance sheet of EmbeddedArt Group AB (EMART)?
Balance-sheet figures for EmbeddedArt Group AB (as of Sep 24, 2026): return on equity 9.6%, debt of 0.05 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is EMART from its 52-week high?
EmbeddedArt Group AB trades at kr 5.19, about 68% below its 52-week high of kr 16.00 and 10% above the low of kr 4.70 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.8500 is for.
Which stocks are comparable to EmbeddedArt Group AB?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Teledyne Technologies Incorporated, Chroma ATE Inc, 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 EmbeddedArt Group AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 5.19, calculated fair value kr 0.8500 (−84%), Quality Score 48/100, from 13 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 EMART calculated?
We run EmbeddedArt Group AB through 13 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 0.8500, 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. EmbeddedArt Group 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 EmbeddedArt Group AB (EMART)?
The closing price on Sep 24, 2026 was kr 5.19. Our model-based fair value is kr 0.8500, about −84% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EmbeddedArt Group AB right now?
The price sits above even our optimistic bull case (kr 1.07). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of EmbeddedArt Group AB

How large is the market capitalisation of EmbeddedArt Group AB (EMART)?
The market capitalisation of EmbeddedArt Group AB is 251M SEK (≈ $25.3M). 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 EmbeddedArt Group AB (EMART)?
The price-to-sales ratio of EmbeddedArt Group AB is 3.58 (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 EmbeddedArt Group AB (EMART)?
Earnings per share at EmbeddedArt Group AB are kr 0.0700 (price ÷ EPS = P/E 168.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of EmbeddedArt Group AB (EMART)?
The dividend yield of EmbeddedArt Group AB is 0.9% (payout 66.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of EmbeddedArt Group AB (EMART)?
The net margin of EmbeddedArt Group AB is 2.1% (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 EmbeddedArt Group AB (EMART)?
The return on equity (ROE) of EmbeddedArt Group AB is 9.6% (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 EmbeddedArt Group AB (EMART)?
On an EBIT basis the return on assets of EmbeddedArt Group AB is −21.3% (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 EmbeddedArt Group AB (EMART)?
The operating margin of EmbeddedArt Group AB is −5.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EmbeddedArt Group AB (EMART)?
Revenue at EmbeddedArt Group AB is growing −28.9% versus a year earlier (3y avg +196%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does EmbeddedArt Group AB (EMART) generate?
The free cash flow of EmbeddedArt Group AB is −4.2M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does EmbeddedArt Group AB (EMART) carry?
The net debt of EmbeddedArt Group AB is 5.2M SEK (fiscal year 2023). 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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