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Fluicell AB (FLUI) Fair Value & Analysis

Healthcare · SE · Market cap 48.5M SEK

FA Fluicell AB FLUI · ST
Pricekr 30.60
Fair Valuekr 38.79
Upside+26.8%
Quality34/100
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Expensive Growth
Loss-making · -11.7% net margin
negative free cash flow
Ranks above peers (8/10)
Narrow moat 30/100
Evidence: Low Range kr 22.53 – kr 51.44 Share as image

Fair value as of: Jul 15, 2026

From 3 valuation models · updated 27 days ago

Share price −15.0% over the past month.

Below-average quality, screening 27% undervalued on our models.

What matters now

  • A fairly wide model range (kr 22.53 to kr 51.44) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

kr 2,295 kr 7.70 Fair Value kr 38.79 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range kr 7.70 – kr 2,295 · fair‑value band kr 22.53 – kr 51.44 · the kr 30.60 price screens below the kr 38.79 fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Fluicell AB (FLUI) currently trades at kr 30.60, while our model-based Fair Value estimate is kr 38.79, implying the stock looks roughly 26.8% undervalued today. The Quality Score stands at 34/100 (below-average quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Fluicell AB generated revenue of 20.2M SEK at a net margin of -11.7%. Revenue grew 186.0% year over year. It earns a return on equity of -15.3%. The balance sheet holds a net cash position of 2.3M SEK. Fundamentals as of Jul 15, 2026

Our scenario range runs from kr 22.53 (bear case) to kr 51.44 (bull case); at kr 30.60, the current price sits within 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 54% below its 52-week high and 311% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 27%, FLUI screens cheaper 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 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
Gordon GGM kr 25.35 kr 42.46 kr 55.12 70
DDM Multi-Stage kr 25.35 kr 40.28 kr 45.68 61
NCAV (Graham) kr 3.97 kr 5.32 kr 7.94 50
All 3 models by family
Dividend Discount
Gordon GGM kr 25.35 kr 42.46 kr 55.12 70
DDM Multi-Stage kr 25.35 kr 40.28 kr 45.68 61
Asset-Based
NCAV (Graham) kr 3.97 kr 5.32 kr 7.94 50

Widest divergence: Dividend Discount (kr 40.28) versus Asset-Based (kr 5.32). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 20.2M SEK
Revenue growth (YoY) +186%
Net margin -11.7%
Return on equity -15.3%
Free cash flow −13.6M SEK FY2025
P/E ratio 0.1
More key figures
Operating margin 43.4%
EPS (TTM) kr 678.84
Net cash 2.3M SEK FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 32 · Market factors (momentum, volatility) 62

Profitability 3
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 98
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 8
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

Fluicell AB (publ), a life science company, develops and provides clay instruments for 3D bioprinting and cell analysis and flow control on single-cell level in Sweden.

Full company description

Fluicell AB (publ), a life science company, develops and provides clay instruments for 3D bioprinting and cell analysis and flow control on single-cell level in Sweden. The company offers BIOPEN, a powerful tool for high precision cell biology that uses open volume microfluidics; Biozone 6 that generate dose-response curves or study the effects of multiple drug compounds; and Dynaflow Resolve system, an ion channel screening platform, which allows to record various ion channel current in patch clamp recording configuration. It also provides Biopixlar, a 3D single-cell bioprinting platform that produces single cell arrays to organoids and complex tissues; Nexocyte, a platform for universal tissue production; and Biopixlar AER, a single-cell bioprinting platform that fits into a biosafety cabinet. Fluicell AB (publ) was incorporated in 2012 and is based in Mölndal, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fluicell AB reported revenue of kr 6.0M in FY2025 versus kr 2.6M in FY2021, a compound +23.2%/yr. Reported net income was −kr 8.3M in FY2025.

Growth Quality 18/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
6.0M SEK
Latest YoY
+222.9%
Avg. 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.
+22.7%
Avg. 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.
+5.3%
Avg. growth/yr (11Y) 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.
+40.7%
Revenue +23.2%/yr
FY21 kr 2.6M
FY22 kr 3.3M
FY23 kr 3.3M
FY24 kr 1.9M
FY25 kr 6.0M
Net income
FY21 −kr 21.7M
FY22 −kr 21.5M
FY23 −kr 26.6M
FY24 −kr 15.5M
FY25 −kr 8.3M

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Cite: Fair Value Calculator (2026). "Fluicell AB Fair Value". https://www.fairvalue-calculator.com/stock/FLUI

Peer Group

Biotechnology · 601 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 34 · Below median
Fair Value upside +27% · Top 25%
Return on assets -7% · Above median
Net margin (TTM) -12% · Bottom 25%
Operating margin (TTM) 43% · Top 25%
Revenue growth 186% · Top 25%

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 0.1× · Cheaper than 75% of peers
P/B 0.47× · Cheaper than 75% of peers
P/S (TTM) 0.25× · Cheaper 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 69 · sector 0
FUTURE 100 · sector 0
PAST 0 · sector 0
HEALTH 0 · sector 98
DIVIDEND 0 · sector 23

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is Fluicell AB (FLUI) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of kr 38.79 versus a price of kr 30.60, about +27% (undervalued).
What is the fair value of FLUI?
Our model-based fair value for Fluicell AB is kr 38.79 (as of Jul 15, 2026), built from audited fundamentals. The current price is kr 30.60.
What is the quality score of FLUI?
Fluicell AB has a Quality Score of 34/100. 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 Fluicell AB (FLUI)?
Fluicell AB reported trailing-twelve-month revenue of about 20.2M SEK (latest available figure, as of Jul 15, 2026).
What is the net profit margin of FLUI?
The net profit margin of Fluicell AB is about -11.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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