Fastpasscorp A/S (FASTPC) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Fastpasscorp A/S stock DKK 46.64, price DKK 46.60, upside +0.1%, quality 59 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range kr 11.00 – kr 83.00 · fair‑value band kr 34.98 – kr 58.30 · the kr 46.60 price screens below the kr 46.64 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 Oct 3, 2026.
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FastPassCorp A/S engages in developing software and SaaS solutions for protecting large organizations passwords and password processes in Denmark and internationally.
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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.
Stock analysis
Fastpasscorp A/S (FASTPC) currently trades at kr 46.60, while our model-based Fair Value estimate is kr 46.64, so the stock looks roughly fairly valued today (gap 0.1%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 58.83 per share, and 6 of the 19 models we run sit above the kr 46.60 price.
Bear case: the Economic Profit group reads lowest at kr 7.29, and 13 of the 19 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 34.98 (bear) to kr 58.30 (bull), the price of kr 46.60 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 59/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
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.
Key figures
Market cap 52.6M DKK (≈ $7.9M) Micro · P/E ratio 11.9 · P/S ratio 6.33 · EPS (TTM) kr −3.24 · Net margin 53.1% · Return on equity −48.8% · Return on assets (EBIT) −6.4% · Operating margin −25.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 174% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 0%, FASTPC screens richer than that median.
Fair Value models
Bearkr 34.98Fair Value kr 46.64Bullkr 58.30
Price kr 46.60 · Upside +0.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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
+4.0%
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.
−8.8%
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.
+25.3%
Start year 2020 (pandemic)
Revenue growth 19 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.
−2.7%
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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.
+57.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+57.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘ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.57.2% vs −4.4%, picking up
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.2% → −2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
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).
+22.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Denmark: IMF forecast 2.1% a year to 2030, 2.0% from 2016 to 2025) that is about +20.1% a year for the price.
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.Software - Application · 649 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+0.1% · Above median
Profitability
Return on assets20.2% · Top 25%
Net margin (12 months)53.1% · Top 25%
Operating margin (12 months)−25.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−3.8% · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)11.9× · Cheapest 25%
P/B25.51× · 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). "Fastpasscorp A/S Fair Value". https://www.fairvalue-calculator.com/stock/FASTPC
Frequently asked questions
Is Fastpasscorp A/S (FASTPC) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of kr 46.64 versus a price of kr 46.60, about +0% upside (fairly valued).
What is the fair value of FASTPC?
Our model-based fair value for Fastpasscorp A/S is kr 46.64 (as of Oct 3, 2026), built from audited fundamentals. The current price: kr 46.60.
What is the quality score of FASTPC?
Fastpasscorp A/S has a Quality Score of 59/100. 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 46.64 (as of Oct 3, 2026) from 19 valuation models. Cautious scenario kr 34.98, optimistic scenario kr 58.30. 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 46.64, about +0% upside versus a price of kr 46.60 (fairly valued). Cautious scenario kr 34.98, optimistic scenario kr 58.30. 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 Oct 3, 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 +22.6 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +25.3 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of FASTPC use?
Our models discount Fastpasscorp A/S at 9.8 %: a base by market capitalisation (nano), damped by beta 1.15, country premium for Denmark. 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 Fastpasscorp A/S that is +22.6 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Fastpasscorp A/S (FASTPC) delivered so far?
Over the past 5 years revenue at Fastpasscorp A/S grew +25.3 % a year. The price currently implies +22.6 % 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 Fastpasscorp A/S (FASTPC) growing?
The median revenue growth in the sector is +10.7 % a year. That is the yardstick for the growth priced into Fastpasscorp A/S (+22.6 % 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 Fastpasscorp A/S (FASTPC)?
The free-cash-flow yield on the price is 2.49 %: that much free cash flow Fastpasscorp A/S produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fastpasscorp A/S (FASTPC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fastpasscorp A/S it is kr 46.64 per share (as of Oct 3, 2026), against a price of kr 46.60. It is the blended result of 19 valuation models (cash flow, earnings, asset, dividend).
Is Fastpasscorp A/S stock overvalued or undervalued in 2026?
As of Oct 3, 2026, FASTPC trades below its calculated fair value: price kr 46.60, fair value kr 46.64, a gap of about +0% (fairly valued). 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 FASTPC?
No. The price is what the market pays today (kr 46.60); the fair value is what the company's own numbers justify (kr 46.64). For Fastpasscorp A/S the two are kr 0.0400 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fastpasscorp A/S worth?
The market values Fastpasscorp A/S at about 52.6M DKK (market capitalisation, as of Oct 3, 2026). Per share that is kr 46.60; our models calculate a fair value of kr 46.64 per share.
What do the bullish and bearish scenarios say about FASTPC?
Our models span a range for Fastpasscorp A/S: cautious scenario kr 34.98, base kr 46.64, optimistic kr 58.30 per share (as of Oct 3, 2026, price kr 46.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FASTPC?
Fastpasscorp A/S trades at a price-to-earnings ratio of 11.9 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 46.64 is built from several models across several years. Other multiples: P/B 25.5, P/S 12.1, EV/EBITDA 81.3.
How solid is the balance sheet of Fastpasscorp A/S (FASTPC)?
Balance-sheet figures for Fastpasscorp A/S (as of Oct 3, 2026): return on equity −48.8%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is FASTPC from its 52-week high?
Fastpasscorp A/S trades at kr 46.60, about 5% below its 52-week high of kr 49.00 and 174% above the low of kr 17.00 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of kr 46.64 is for.
Which stocks are comparable to Fastpasscorp A/S?
From the same area (Technology) we also value SAP SE, Shopify Inc, Salesforce, Inc, ServiceNow, 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 Fastpasscorp A/S stock attractive at the current price?
The data as of Oct 3, 2026: price kr 46.60, calculated fair value kr 46.64 (+0%), Quality Score 59/100, from 19 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 FASTPC calculated?
We run Fastpasscorp A/S through 19 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 46.64, 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 13.6 % above its aggregate fair value. Fastpasscorp A/S 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 Fastpasscorp A/S (FASTPC)?
The closing price on Oct 20, 2026 was kr 46.60. Our model-based fair value is kr 46.64, about +0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fastpasscorp A/S right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Fastpasscorp A/S
How large is the market capitalisation of Fastpasscorp A/S (FASTPC)?
The market capitalisation of Fastpasscorp A/S is 52.6M DKK (≈ $7.9M). 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 Fastpasscorp A/S (FASTPC)?
The price-to-sales ratio of Fastpasscorp A/S is 6.33 (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 Fastpasscorp A/S (FASTPC)?
Earnings per share at Fastpasscorp A/S are kr −3.24 (price ÷ EPS = P/E 11.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Fastpasscorp A/S (FASTPC)?
The net margin of Fastpasscorp A/S is 53.1% (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 Fastpasscorp A/S (FASTPC)?
The return on equity (ROE) of Fastpasscorp A/S is −48.8% (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 Fastpasscorp A/S (FASTPC)?
On an EBIT basis the return on assets of Fastpasscorp A/S is −6.4% (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 Fastpasscorp A/S (FASTPC)?
The operating margin of Fastpasscorp A/S is −25.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fastpasscorp A/S (FASTPC)?
Revenue at Fastpasscorp A/S is growing −3.8% versus a year earlier (3y avg −8.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Fastpasscorp A/S (FASTPC) hold?
Fastpasscorp A/S holds more cash than debt, 1.2M DKK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Oct 3, 2026