First Venture Sweden AB (FIRST-B) Fair Value & Analysis
Financial Services · SE · Market cap 68.1M SEK (≈ $7.1M) · ISIN SE0016075451
What is First Venture Sweden AB really worth?
Below-average quality, trading 30% below our fair value of kr 2.10.
Risks
Fair value as of: Aug 21, 2026
From 2 valuation models · updated 15 days ago
Share price +13.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (kr 1.57). The market is more pessimistic than our downside scenario.
- 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 quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range kr 1.25 – kr 8.64 · fair‑value band kr 1.57 – kr 2.62 · the kr 1.48 price screens below the kr 2.10 fair value. Dashed = 300-day average. As of Aug 21, 2026.
Analysis
First Venture Sweden AB (FIRST-B) currently trades at kr 1.48, while our model-based Fair Value estimate is kr 2.10, implying the stock looks roughly 29.7% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector. How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Trailing-twelve-month revenue stands at 19.0K SEK. It earns a return on equity of −22.2%. The balance sheet holds a net cash position of 8.0M SEK. Fundamentals as of Aug 21, 2026
Our scenario range runs from kr 1.57 (bear case) to kr 2.62 (bull case); at kr 1.48, the current price sits below 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 about 31% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 42%, FIRST-B screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 2 models by family
Widest divergence: Multiples (kr 2.47) versus Asset-Based (kr 1.94). Highest evidence: P/B Multiple (55).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 36
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
First Venture Sweden AB (publ) is a private equity and venture capital firm specializes in middle market, turnaround, seed/startup, early venture, mid venture, late venture, bridge financing and growth capital investments. The firm focuses on the technology, health, and sustainability businesses in Sweden.
Full company description
First Venture Sweden AB (publ) is a private equity and venture capital firm specializes in middle market, turnaround, seed/startup, early venture, mid venture, late venture, bridge financing and growth capital investments. The firm focuses on the technology, health, and sustainability businesses in Sweden. The firm prefers to invest between $0.1 million to $5 million in equity per transaction having maximum enterprise value upto $50 million. It prefer to take minority stake. First Venture Sweden AB (publ) was founded in 2006 and is based in Stockholm, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
First Venture Sweden AB reported revenue of −2.6M SEK in FY2025 versus −1.8M SEK in FY2021. Reported net income was −34.8M SEK in FY2025.
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Peer Group
Asset Management · 696 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 Multiples vs Asset Management median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Blackstone Inc BX | $142.39 | $52.88 | −63% |
| Investor AB INVEB | kr 417.20 | kr 824.66 | +98% |
| Brookfield Corporation BN | C$55.74 | C$10.67 | −81% |
| KKR & Co KKR | $108.68 | $19.97 | −82% |
| Apollo Global Management, Inc APO | $135.04 | $101.04 | −25% |
| State Street Corporation STT | $193.33 | $138.33 | −28% |
| Ameriprise Financial, Inc AMP | $559.32 | $515.24 | −8% |
| Ares Management Corporation ARES | $143.10 | $30.88 | −78% |
| Northern Trust Corporation NTRS | $186.79 | $122.02 | −35% |
| Raymond James Financial, Inc RJF | $181.10 | $142.42 | −21% |
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