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Data-driven stock valuation

Fastpasscorp A/S (FASTPC) fair value: what the stock is really worth

We calculate from audited financials what Fastpasscorp A/S is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Technology · DK · Market cap 41.9M DKK (≈ $6.5M) · ISIN DK0060568145

At a glance

FA Fastpasscorp A/S FASTPC · CO
Pricekr 39.80
Fair Valuekr 25.50
Upside−35.9%
Quality49/100

Below-average quality, and trading another 56% above our fair value of kr 25.50.

As of Sep 7, 2026, the fair value of Fastpasscorp A/S is kr 25.50 per share against a price of kr 39.80, so the fair value sits 36% below the price. A model estimate from reported figures, not an analyst target.

!Weak Growth (revenue 5y +25.3 %/yr)
!Thin margins · 0.0% net margin
Low debt · generates free cash flow
!Mixed vs. peers (6/14)
!Narrow moat 16/100
Evidence: High Range kr 17.85 to kr 40.19

Fair value as of: Sep 7, 2026

From 23 valuation models · updated today

Fair value updated Sep 7, 2026, revised from kr 3.31 to kr 25.50 (+670.4%) since Aug 13, 2026. Share price +0.5% over the past month.

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What runs behind every stock

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

What matters now

  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 17.85 to kr 40.19) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

kr 83.00 kr 11.00 Fair Value kr 25.50 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 7, 2026.

How to read this chart

60‑month range kr 11.00 – kr 83.00 · fair‑value band kr 17.85 – kr 40.19 · the kr 39.80 price screens above the kr 25.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 7, 2026.

Full chart & analysis →

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Analysis

Fastpasscorp A/S (FASTPC) currently trades at kr 39.80, while our model-based Fair Value estimate is kr 25.50, implying the stock looks roughly 56.1% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of kr 58.83 per share, and 6 of the 23 models we run sit above the kr 39.80 price. Bear case: the Economic Profit group reads lowest at kr 9.61, and 17 of the 23 models stay below the price. Evidence for this calculation is high.

Trailing-twelve-month revenue stands at 4.3M DKK. Revenue declined 3.8% year over year. It earns a return on equity of −48.8%. The balance sheet holds a net cash position of 1.2M DKK. Fundamentals as of Sep 7, 2026

Scenario range: kr 17.85 (bear) to kr 40.19 (bull), the price of kr 39.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 19% below its 52-week high and 134% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −36% fair-value upside, at −36%, FASTPC screens cheaper than that median.

Fair Value models

Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (kr 2.12 per share) are deliberately not added.

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

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
FCF DCF best evidence kr 11.07 kr 15.53 kr 21.36 81
Growth DCF kr 11.03 kr 15.10 kr 20.14 79
Owner Earnings kr 32.56 kr 46.66 kr 65.08 77
All 23 models by family
DCF Models
FCF DCF best evidence kr 11.07 kr 15.53 kr 21.36 81
Owner Earnings kr 32.56 kr 46.66 kr 65.08 77
5Y Revenue Exit kr 11.10 kr 16.97 kr 24.53 72
5Y EBITDA Exit kr 8.31 kr 11.59 kr 15.36 76
5Y P/E Exit kr 38.51 kr 69.72 kr 103.70 69
10Y Revenue Exit kr 10.70 kr 15.60 kr 22.30 67
10Y EBITDA Exit kr 9.40 kr 12.35 kr 16.16 69
10Y P/E Exit kr 26.08 kr 47.40 kr 75.33 62
Earnings-Based
Graham-Dodd kr 21.10 kr 75.66 kr 101.95 64
Lynch FV kr 17.85 kr 25.50 kr 33.16 61
PEG = 1.0 kr 17.85 kr 25.50 kr 33.16 57
Dividend Discount
Gordon GGM kr 10.43 kr 17.48 kr 22.68 68
DDM Multi-Stage kr 10.43 kr 16.57 kr 18.80 67
Multiples
P/E Multiple kr 65.16 kr 86.88 kr 108.60 63
P/S Multiple kr 24.11 kr 32.15 kr 40.19 58
P/B Multiple kr 8.19 kr 10.92 kr 13.65 55
EV/EBITDA kr 6.90 kr 8.82 kr 10.74 67
EV/Revenue kr 11.65 kr 16.15 kr 20.66 54
Asset-Based
NCAV (Graham) kr 0.9100 kr 1.22 kr 1.82 54
Growth DCF
Growth DCF kr 11.03 kr 15.10 kr 20.14 79
Rev-Margin DCF kr 11.10 kr 16.98 kr 24.01 72
Economic Profit
Residual Income kr 6.52 kr 9.61 kr 103.34 64
Growth Earnings
Growth-Adj P/E kr 41.18 kr 58.83 kr 76.47 67

Widest divergence: Growth Earnings (kr 58.83) versus Asset-Based (kr 1.22). Highest evidence: FCF DCF (81).

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Key figures & financial health

P/E ratio 12.8
P/S ratio 6.81 P/E × margin
EPS (TTM) kr 3.10 price ÷ EPS = P/E 12.8
Dividend yield 4.5% payout 57.6%
Net margin 53.1% FY2025
Return on equity −48.8% TTM
More key figures
Profitability
Return on assets (EBIT) −6.4% avg 5y
Operating margin −25.5% TTM
Growth
Revenue (TTM) 4.3M DKK TTM
Revenue growth (YoY) −3.8% 3y avg −8.8%
Balance sheet & cash flow
Free cash flow 1.3M DKK FY2025
Net cash 1.2M DKK FY2025

Figures from reported company fundamentals · as of Sep 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 54 · Market factors (momentum, volatility) 60

Profitability 78
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 25
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 0
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

FastPassCorp A/S engages in developing software and SaaS solutions for protecting large organizations passwords and password processes in Denmark and internationally.

Full company description

FastPassCorp A/S engages in developing software and SaaS solutions for protecting large organizations passwords and password processes in Denmark and internationally. The company offers FastPass Self-Service Password solution for service and help desks; Self-Service Password Reset (SSPR) solution that allows users to reset passwords without assistance from an IT service desk; and FastPass Identity Verification Manager (IVM), which controls the help desk's identity verification of the user's identity. It provides password reset solution for remote employees; FastPass Cloud, a web-based password reset solution; FastPass MSP Password Reset, a password and security solutions; and Password Synchronization solution for applications and systems. In addition, the company offers secure password processes with ServiceNow, OKTA, and FastPass SSPR and IVM. FastPassCorp A/S was incorporated in 2000 and is headquartered in Copenhagen, Denmark.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fastpasscorp A/S reported revenue of 6.6M DKK in FY2025 versus 5.9M DKK in FY2021, a compound +2.9%/yr. Reported net income was 3.5M DKK in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
6.6M DKK
Latest YoY
+4.0%
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.
−8.8%
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.
+25.3%
Avg. revenue growth/yr (19Y) 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.
−2.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+61.7%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+57.2%
Dividend yield4.5%
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 57.2% vs 10Y −4.4%, picking up
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.1.8% (2020) → −2.1% (2025) · falling
Worst earnings drop916% (2021) (loss year, drop beyond 100%) · in DKK
Revenue +2.9%/yr
FY21 5.9M DKK
FY22 8.7M DKK
FY23 6.3M DKK
FY24 6.4M DKK
FY25 6.6M DKK
Net income
FY21 −3.9M DKK
FY22 −2.8M DKK
FY23 −2.8M DKK
FY24 −2.2M DKK
FY25 3.5M DKK

FASTPC screens 56% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Fastpasscorp A/S Fair Value". https://www.fairvalue-calculator.com/stock/FASTPC

Peer Group

Software - Application · 692 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.

Valuation
Quality Score 49 · Below median
Profitability
Return on assets −12% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) −25% · Bottom 25%
Growth and dividend
Revenue growth −4% · Below median
Dividend yield (TTM) 4.5% · Top 25%

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 12.8× · Cheapest 25%
P/B 3.16× · Pricier than median
P/S (TTM) 1.50× · Cheaper than median
P/FCF 5.0× · Cheaper than median
EV/EBITDA 8.3× · Cheapest 25%

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Fastpasscorp A/S deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+21.2 % per year
Achieved revenue growth, 5 years+25.3 % p.a.
Sector median revenue growth+8.2 %
FCF yield on price2.95 %
Discount rate (WACC) in the models13.2 %

The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →

Context: sector, industry, market

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
VALUE0 · sector 0
FUTURE0 · sector 36
PAST0 · sector 12
HEALTH100 · sector 98
DIVIDEND90 · sector 28

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

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Sep 7, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAP €185.68 €169.59 −9%
Shopify Inc SHOP C$209.78 C$28.76 −86%
Uber Technologies, Inc UBER $78.82 $43.66 −45%
Salesforce, Inc CRM $259.23 $249.28 −4%
ServiceNow, Inc NOW $141.26 $43.73 −69%
Cadence Design Systems, Inc CDNS $340.39 $112.57 −67%
Snowflake Inc SNOW $337.18 $42.27 −87%
Adobe Inc ADBE $266.51 $454.04 +70%
Automatic Data Processing, Inc ADP $277.62 $177.51 −36%
Intuit Inc INTU $332.70 $363.46 +9%

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Frequently asked questions

Is Fastpasscorp A/S (FASTPC) overvalued or undervalued?
As of Sep 7, 2026, our model estimates a fair value of kr 25.50 versus a price of kr 39.80, about −36% upside (overvalued).
What is the fair value of FASTPC?
Our model-based fair value for Fastpasscorp A/S is kr 25.50 (as of Sep 7, 2026), built from audited fundamentals. The current price: kr 39.80.
What is the quality score of FASTPC?
Fastpasscorp A/S 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 price target for Fastpasscorp A/S (FASTPC)?
Our model-based price target is the fair value of kr 25.50 (as of Sep 7, 2026) from 23 valuation models. Cautious scenario kr 17.85, optimistic scenario kr 40.19. It is a calculation from audited fundamentals, not an analyst target.
What is the Fastpasscorp A/S stock forecast for 2026?
Our models put fair value at kr 25.50, about −36% upside versus a price of kr 39.80 (overvalued). Cautious scenario kr 17.85, optimistic scenario kr 40.19. The calculation is refreshed regularly with new filings.
What is the revenue of Fastpasscorp A/S (FASTPC)?
Fastpasscorp A/S reported trailing-twelve-month revenue of about 4.3M DKK (latest available figure, as of Sep 7, 2026).
What is the net profit margin of FASTPC?
The net profit margin of Fastpasscorp A/S is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Fastpasscorp A/S pay a dividend?
Fastpasscorp A/S currently shows a dividend yield of about 4.48% relative to its recent price (as of Sep 7, 2026).
What growth is priced into Fastpasscorp A/S (FASTPC)?
For today's price to be fair in a discounted-cash-flow model, Fastpasscorp A/S would have to grow free cash flow by +21.2 % per year for ten years (discount rate 13.2 %, then 2 % perpetual growth). Over the last 5 years revenue grew +25.3 % per year. As of Sep 7, 2026.
What discount rate (WACC) does the fair value of FASTPC use?
Our models discount Fastpasscorp A/S at 13.2 %: a base by market capitalisation (micro), damped by beta 1.22, country premium for Denmark. The same rate applies in all 26 models.
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