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Fluoguide AS (FLUO) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Fluoguide AS SEK 4.90, price SEK 35.00, upside -86.0%, quality 32 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

Healthcare · SE · Home Denmark · ISIN DK0061123312

FA Thin data Sep 28, 2026

Fluoguide AS

FLUO · ST

Weakest SetupStrongly overvalued and low quality.

!Fair value kr 4.90 · Strongly overvalued (−86.0%)
!Quality 32/100
!Weak Growth (revenue 3y −65.8 %/yr)
!negative free cash flow
!Trails peers (2/6)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain
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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 120.40 kr 30.20 Fair Value kr 4.90 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.

How to read this chart

60‑month range kr 30.20 – kr 120.40 · fair‑value band kr 3.23 – kr 6.12 · the kr 35.00 price screens above the kr 4.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.

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Company profile

FluoGuide A/S, a clinical stage biotechnology company, develops drugs for precision cancer surgery in Denmark.

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FluoGuide A/S, a clinical stage biotechnology company, develops drugs for precision cancer surgery in Denmark. The company offers FG001, an urokinase-type plasminogen activator receptor target imaging agent, which is in Phase II clinical trial for the treatment of high-grade glioma and lung, head, and neck cancer; and functions as a photosensitizer, which is in pre-clinical stage for the treatment of brain cancer through photothermal and photodynamic therapies. It has a collaboration agreement with Olympus and ZEISS Medical Technologies for the development of FG001 for tumor imaging and surgical margins assessment for head and neck cancer. The company was incorporated in 2018 and is based in Copenhagen, Denmark.

Stock analysis

Fluoguide AS (FLUO) currently trades at kr 35.00, while our model-based Fair Value estimate is kr 4.90, 86.0% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: kr 3.23 (bear) to kr 6.12 (bull), the price of kr 35.00 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 32/100 (below-average quality), in the Healthcare sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Fluoguide AS reported revenue of 0 DKK in FY2025 versus 9.6M DKK in FY2021. Reported net income was −40.4M DKK in FY2025.

Key figures

Market cap 605M SEK (≈ $60.2M) · EPS (TTM) kr −4.27 · Return on equity −147% · Return on assets (EBIT) −90.6% · Operating margin −24,591% · Revenue (TTM) 238K SEK · Revenue growth (YoY) +50.0% · Free cash flow −37.8M DKK.

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 25% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at 10% fair-value upside, at −86%, FLUO screens richer than that median.

Fair Value models

Bear kr 3.23 Fair Value kr 4.90 Bull kr 6.12
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. 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. 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
NCAV (Graham) kr 2.52 kr 3.37 kr 5.04 51
All 1 models by family
Asset-Based
NCAV (Graham) kr 2.52 kr 3.37 kr 5.04 51

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Quality Score breakdown

Overall quality 32/100

Of which business quality 41 · Market factors (momentum, volatility) 36

Profitability 0
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 1
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 9
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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−9.0%
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.
−65.8%
Profit margin (trend) ⓘ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.
−299.7% (2021) → −8,463.1% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

FLUO screens overvalued: fair value 86% below the price. Compare with Vertex Pharmaceuticals Incorporated →

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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.Biotechnology · 576 stocks

Beats the industry median on 2/5 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 41 · Below median
Fair Value upside −86.0% · Bottom 25%
Profitability
Return on assets −50.0% · Bottom 25%
Growth and dividend
Revenue growth 50.0% · Top 25%

Valuation Multiplesvs Biotechnology median · lower = cheaper

P/B 1.10× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 0
PAST (return on equity)0 · sector 0
HEALTH (low debt)0 · sector 97
DIVIDEND (yield)0 · sector 22

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

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $527.67 $580.44 +10%
Regeneron Pharmaceuticals, Inc REGN $752.25 $1,275 +69%
argenx SE ARGX $959.49 $918.60 −4%
CSL Limited CSL A$175.35 A$192.89 +10%
Samsung Biologics Co 207940 1,354,000 KRW 1,489,400 KRW +10%
BeOne Medicines AG ONC $360.85 $280.94 −22%
Alnylam Pharmaceuticals, Inc ALNY $255.96 $217.88 −15%
Royalty Pharma plc RPRX $58.21 $19.01 −67%
Celltrion, Inc 068270 177,400 KRW 74,519 KRW −58%
WuXi Biologics (Cayman) Inc 2269 HK$53.00 HK$58.30 +10%

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Fluoguide AS · Fair Value
kr 4.90 −86%Fair Value
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Cite: Fair Value Calculator (2026). "Fluoguide AS Fair Value". https://www.fairvalue-calculator.com/stock/FLUO

Frequently asked questions

Is Fluoguide AS (FLUO) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of kr 4.90 versus a price of kr 35.00, about −86% upside (overvalued).
What is the fair value of FLUO?
Our model-based fair value for Fluoguide AS is kr 4.90 (as of Sep 28, 2026), built from audited fundamentals. The current price: kr 35.00.
What is the quality score of FLUO?
Fluoguide AS has a Quality Score of 32/100. 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 Fluoguide AS (FLUO)?
Our model-based price target is the fair value of kr 4.90 (as of Sep 28, 2026) from 1 valuation models. Cautious scenario kr 3.23, optimistic scenario kr 6.12. It is a calculation from audited fundamentals, not an analyst target.
What is the Fluoguide AS stock forecast for 2026?
Our models put fair value at kr 4.90, about −86% upside versus a price of kr 35.00 (overvalued). Cautious scenario kr 3.23, optimistic scenario kr 6.12. The calculation is refreshed regularly with new filings.
What is the revenue of Fluoguide AS (FLUO)?
Fluoguide AS reported trailing-twelve-month revenue of about 238K SEK (latest available figure, as of Sep 28, 2026).
What is the intrinsic value of Fluoguide AS (FLUO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fluoguide AS it is kr 4.90 per share (as of Sep 28, 2026), against a price of kr 35.00. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Fluoguide AS stock overvalued or undervalued in 2026?
As of Sep 28, 2026, FLUO trades above its calculated fair value: price kr 35.00, fair value kr 4.90, a gap of about −86% (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 FLUO?
No. The price is what the market pays today (kr 35.00); the fair value is what the company's own numbers justify (kr 4.90). For Fluoguide AS the two are kr 30.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fluoguide AS worth?
The market values Fluoguide AS at about 605M SEK (market capitalisation, as of Sep 28, 2026). Per share that is kr 35.00; our models calculate a fair value of kr 4.90 per share.
What do the bullish and bearish scenarios say about FLUO?
Our models span a range for Fluoguide AS: cautious scenario kr 3.23, base kr 4.90, optimistic kr 6.12 per share (as of Sep 28, 2026, price kr 35.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Fluoguide AS (FLUO)?
Balance-sheet figures for Fluoguide AS (as of Sep 28, 2026): return on equity −146.9%. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is FLUO from its 52-week high?
Fluoguide AS trades at kr 35.00, about 25% below its 52-week high of kr 46.70 and 16% above the low of kr 30.20 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 4.90 is for.
Which stocks are comparable to Fluoguide AS?
From the same area (Healthcare) we also value Vertex Pharmaceuticals Incorporated, Regeneron Pharmaceuticals, Inc, argenx SE, CSL Limited, 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 Fluoguide AS stock attractive at the current price?
The data as of Sep 28, 2026: price kr 35.00, calculated fair value kr 4.90 (−86%), Quality Score 32/100, from 1 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 FLUO calculated?
We run Fluoguide AS through 1 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 4.90, 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 14.5 % above its aggregate fair value. Fluoguide AS 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 Fluoguide AS (FLUO)?
The closing price on Oct 2, 2026 was kr 35.00. Our model-based fair value is kr 4.90, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fluoguide AS right now?
The price sits above even our optimistic bull case (kr 6.12). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (kr 3.23 to kr 6.12) leaves room in how you read the outcome.

Key figures of Fluoguide AS

How large is the market capitalisation of Fluoguide AS (FLUO)?
The market capitalisation of Fluoguide AS is 605M SEK (≈ $60.2M). 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 are the earnings per share of Fluoguide AS (FLUO)?
Earnings per share at Fluoguide AS are kr −4.27. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Fluoguide AS (FLUO)?
The return on equity (ROE) of Fluoguide AS is −147% (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 Fluoguide AS (FLUO)?
On an EBIT basis the return on assets of Fluoguide AS is −90.6% (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 Fluoguide AS (FLUO)?
The operating margin of Fluoguide AS is −24,591% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fluoguide AS (FLUO)?
Revenue at Fluoguide AS is growing +50.0% versus a year earlier. 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 Fluoguide AS (FLUO) generate?
The free cash flow of Fluoguide AS is −37.8M DKK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Fluoguide AS (FLUO) hold?
Fluoguide AS holds more cash than debt, 20.5M DKK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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