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FluoGuide A/S (FLUO) Fair Value & Analysis

Healthcare · SE · Market cap 605M SEK

FA FluoGuide A/S FLUO · ST
Pricekr 31.20
Fair Valuekr 21.93
Upside-29.7%
Quality32/100
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Weak Growth
Thin margins · 0.0% net margin
negative free cash flow
Mixed vs. peers (4/7)
Narrow moat 12/100
Evidence: Low Range kr 14.46 – kr 27.47 Share as image

Fair value as of: Jul 14, 2026

From 1 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from kr 15.02 to kr 21.93 (+46.0%) since Jun 24, 2026. Share price −15.7% over the past month.

Below-average quality, and screening another 30% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 27.47). 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.
  • A fairly wide model range (kr 14.46 to kr 27.47) 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 120.40 kr 30.20 Fair Value kr 21.93 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range kr 30.20 – kr 120.40 · fair‑value band kr 14.46 – kr 27.47 · the kr 31.20 price screens above the kr 21.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

FluoGuide A/S (FLUO) currently trades at kr 31.20, while our model-based Fair Value estimate is kr 21.93, implying the stock looks roughly 29.7% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at 238K SEK. Revenue grew 50.0% year over year. The balance sheet holds a net cash position of 20.5M SEK. Fundamentals as of Jul 14, 2026

Our scenario range runs from kr 14.46 (bear case) to kr 27.47 (bull case); at kr 31.20, the current price sits above 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 35% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -30%, FLUO 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
NCAV (Graham) kr 1.67 kr 2.24 kr 3.34 50
All 1 models by family
Asset-Based
NCAV (Graham) kr 1.67 kr 2.24 kr 3.34 50

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Key figures & financial health

Revenue (TTM) 238K SEK
Revenue growth (YoY) +50.0%
Return on equity -147%
Free cash flow −37.8M SEK FY2025
Operating margin -24,591%
EPS (TTM) kr -4.27
More key figures
Net cash 20.5M SEK FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 32/100

Of which business quality 41 · Market factors (momentum, volatility) 31

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 57
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 9
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

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 …

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FluoGuide A/S reported revenue of kr 0 in FY2025 versus kr 9.6M in FY2021. Reported net income was −kr 40.4M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
385K SEK
Latest YoY
−9.0%
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.
−65.8%
Revenue
FY21 kr 9.6M
FY22 kr 6.5M
FY23 kr 423K
FY24 kr 385K
FY25 kr 0
Net income
FY21 −kr 23.8M
FY22 −kr 27.3M
FY23 −kr 38.4M
FY24 −kr 29.0M
FY25 −kr 40.4M

FLUO screens 30% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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

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 41 · Below median
Fair Value upside −30% · Above median
Return on assets -50% · Bottom 25%
Net margin (TTM) 0% · Above median
Revenue growth 50% · Top 25%

Valuation Multiples vs Biotechnology median · lower = cheaper

P/B 1.17× · Cheaper than median

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 0 · sector 0
FUTURE 100 · sector 0
PAST 0 · sector 0
HEALTH 0 · sector 98
DIVIDEND 0 · sector 23

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

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 14, 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 FluoGuide A/S (FLUO) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of kr 21.93 versus a price of kr 31.20, about −30% (overvalued).
What is the fair value of FLUO?
Our model-based fair value for FluoGuide A/S is kr 21.93 (as of Jul 14, 2026), built from audited fundamentals. The current price is kr 31.20.
What is the quality score of FLUO?
FluoGuide A/S 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 revenue of FluoGuide A/S (FLUO)?
FluoGuide A/S reported trailing-twelve-month revenue of about 238K SEK (latest available figure, as of Jul 14, 2026).
What is the net profit margin of FLUO?
The net profit margin of FluoGuide A/S is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. 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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