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FSport AB (FSPORT) Fair Value & Analysis

Communication Services · SE · Market cap 23.5M SEK

FA FSport AB FSPORT · ST
Pricekr 0.1230
Fair Valuekr 0.0510
Upside-58.5%
Quality36/100
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Expensive Growth
Loss-making · -64.1% net margin
generates free cash flow
Trails peers (1/9)
Narrow moat 12/100
Evidence: Low Range kr 0.0425 – kr 0.0510 Share as image

Fair value as of: Jul 12, 2026

From 7 valuation models · updated 29 days ago

Share price −20.1% over the past month.

Below-average quality, and screening another 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 0.0510). The favourable scenario is already priced in.
  • Weak quality (36/100) 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.
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Price vs Fair Value (5 years)

kr 2.79 kr 0.0100 Fair Value kr 0.0510 Sep 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

58‑month range kr 0.0100 – kr 2.79 · fair‑value band kr 0.0425 – kr 0.0510 · the kr 0.1230 price screens above the kr 0.0510 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

FSport AB (FSPORT) currently trades at kr 0.1230, while our model-based Fair Value estimate is kr 0.0510, implying the stock looks roughly 58.5% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Communication Services 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).

Over the trailing twelve months, FSport AB generated revenue of 1.9M SEK at a net margin of -91.3%. Revenue declined 50.5% year over year. It earns a return on equity of -9.1%. The balance sheet holds a net cash position of 6.2M SEK. Fundamentals as of Jul 12, 2026

Our scenario range runs from kr 0.0425 (bear case) to kr 0.0510 (bull case); at kr 0.1230, 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 33% below its 52-week high, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -19% fair-value upside, at -59%, FSPORT screens richer 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
Growth DCF kr 0.0500 kr 0.0500 kr 0.0500 72
Rev-Margin DCF kr 0.0500 kr 0.0500 kr 0.0600 67
NCAV (Graham) kr 0.0600 kr 0.0800 kr 0.1200 50
All 7 models by family
DCF Models
FCF DCF kr 0.0500 kr 0.0500 kr 0.0500 38
5Y Revenue Exit kr 0.0500 kr 0.0500 kr 0.0600 39
10Y Revenue Exit kr 0.0500 kr 0.0500 kr 0.0500 36
Multiples
EV/Revenue kr 0.0500 kr 0.0600 kr 0.0600 43
Asset-Based
NCAV (Graham) kr 0.0600 kr 0.0800 kr 0.1200 50
Growth DCF
Growth DCF kr 0.0500 kr 0.0500 kr 0.0500 72
Rev-Margin DCF kr 0.0500 kr 0.0500 kr 0.0600 67

Widest divergence: Asset-Based (kr 0.0800) versus DCF Models (kr 0.0500). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 1.8M SEK
Revenue growth (YoY) -7.3%
Net margin -64.1%
Return on equity -6.8%
Free cash flow 176K SEK FY2025
Operating margin -253%
More key figures
EPS (TTM) kr -0.0100
Net cash 6.2M SEK FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 42 · Market factors (momentum, volatility) 56

Profitability 0
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 91
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 0
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

FSport AB (publ), operates as a gaming platform company with media operations in Sweden. It operates 1X2.se, a guide to odds and betting with game tips; Trav.se, provides daily betting tips with place and winner bets from trotting races; HockeyStakes.com, a gaming portal for ice hockey; and Fans48, a web service for football fans.

Full company description

FSport AB (publ), operates as a gaming platform company with media operations in Sweden. It operates 1X2.se, a guide to odds and betting with game tips; Trav.se, provides daily betting tips with place and winner bets from trotting races; HockeyStakes.com, a gaming portal for ice hockey; and Fans48, a web service for football fans. The company was incorporated in 2013 and is based in Billdal, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FSport AB reported revenue of kr 1.3M in FY2025 versus kr 1.5M in FY2021, a compound −4.1%/yr. Reported net income was −kr 1.7M in FY2025.

Growth Quality 45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.3M SEK
Latest YoY
−61.6%
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.
−25.2%
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.
+9.7%
Avg. growth/yr (6Y) 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.
−8.5%
Revenue −4.1%/yr
FY21 kr 1.5M
FY22 kr 3.1M
FY23 kr 2.9M
FY24 kr 3.4M
FY25 kr 1.3M
Net income
FY21 −kr 15.7M
FY22 −kr 19.1M
FY23 −kr 13.7M
FY24 −kr 5.8M
FY25 −kr 1.7M

FSPORT screens 59% overvalued. Compare with NetEase, Inc →

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

Peer Group

Electronic Gaming & Multimedia · 152 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 36 · Bottom 25%
Fair Value upside −59% · Bottom 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -64% · Bottom 25%
Revenue growth -7% · Below median

Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper

P/B 0.14× · Cheaper than 75% of peers
P/S (TTM) 1.35× · Pricier than median
P/FCF 14.1× · Pricier than 75% of peers

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 Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
NetEase, Inc 9999 HK$202.60 HK$192.74 -5%
Electronic Arts Inc EA $207.27 $76.57 -63%
Take-Two Interactive Software, Inc TTWO $237.04 $60.45 -74%
Roblox Corporation RBLX $57.07 $21.20 -63%
Zhejiang Century Huatong Group 002602 ¥14.04 ¥14.68 +5%
KRAFTON, Inc 259960 240,500 KRW 395,557 KRW +64%
Kunlun Tech Co 300418 ¥44.61 ¥6.87 -85%
Giant Network Group 002558 ¥29.98 ¥15.69 -48%
International Games System Co 3293 704.00 TWD 568.16 TWD -19%
37 Interactive Entertainment Network Technology Group 002555 ¥19.02 ¥22.29 +17%

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Frequently asked questions

Is FSport AB (FSPORT) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of kr 0.0510 versus a price of kr 0.1230, about −59% (overvalued).
What is the fair value of FSPORT?
Our model-based fair value for FSport AB is kr 0.0510 (as of Jul 12, 2026), built from audited fundamentals. The current price is kr 0.1230.
What is the quality score of FSPORT?
FSport AB has a Quality Score of 36/100. 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 FSport AB (FSPORT)?
FSport AB reported trailing-twelve-month revenue of about 1.9M SEK (latest available figure, as of Jul 12, 2026).
What is the net profit margin of FSPORT?
The net profit margin of FSport AB is about -91.3%, 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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