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Havsfrun Investment AB (HAV-B) Fair Value & Analysis

Financial Services · SE · Market cap 161M SEK

HI Havsfrun Investment AB HAV-B · ST
Pricekr 13.26
Fair Valuekr 14.87
Upside+12.1%
Quality67/100
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Evidence: High Range kr 11.15 – kr 18.58 📤 Share as image

Fair value as of: Jul 18, 2026

From 23 valuation models · updated 4 days ago

Share price −1.3% over the past month.

Price vs Fair Value (12 months)

kr 22.28 kr 12.74 Fair Value kr 14.87 Jul 2025 Jul 2026

12‑month range kr 12.74 – kr 22.28 · fair‑value band kr 11.15 – kr 18.58 · the kr 13.26 price screens below the kr 14.87 fair value. As of Jul 18, 2026.

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Analysis

Havsfrun Investment AB (HAV-B) currently trades at kr 13.26, while our model-based Fair Value estimate is kr 14.87, implying the stock looks roughly 12.1% undervalued today. We read business quality at 67/100 (solid quality), in the Financial Services 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: high), always confirm before acting.

Over the trailing twelve months, Havsfrun Investment AB generated revenue of 13.9M SEK at a net margin of 60.3%. Revenue grew 282.1% year over year. It earns a return on equity of 7.6%. The balance sheet holds a net cash position of 60.5M SEK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 11.15 (bear case) to kr 18.58 (bull case); at kr 13.26, the current price sits within that range. The share trades about 44% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at 12%, HAV-B screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 13.9M SEK
Revenue growth (YoY) +282%
Net margin 60.3%
Return on equity 7.6%
Free cash flow 6.7M SEK FY2025
P/E ratio 20.0
More key figures
Operating margin 312%
EPS (TTM) kr 0.6900
Dividend yield 7.4%
EPS growth (YoY) +623%
Net cash 60.5M SEK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 18, 2026. TTM = trailing twelve months.

About the company

Havsfrun Investment AB (publ) does not have significant operations. It intends to develop through a merger with a company. Havsfrun Investment AB (publ) was incorporated in 1987 and is based in Stockholm, Sweden.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Havsfrun Investment AB reported revenue of kr 19.5M in FY2025 versus −kr 5.4M in FY2021. Reported net income was kr 12.9M in FY2025, compounding +39.7%/yr from FY2021.

Revenue
FY21 −kr 5.4M
FY22 kr 12.4M
FY23 kr 15.0M
FY24 kr 1.8M
FY25 kr 19.5M
Net income +39.7%/yr
FY21 kr 3.4M
FY22 −kr 5.0M
FY23 kr 980K
FY24 −kr 2.5M
FY25 kr 12.9M

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Cite: Fair Value Calculator (2026). "Havsfrun Investment AB Fair Value". https://www.fairvalue-calculator.com/stock/HAV-B

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Frequently asked questions

Is Havsfrun Investment AB (HAV-B) undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 14.87 versus a price of kr 13.26, about +12% (undervalued). Model-based estimate, not financial advice.
What is the fair value of HAV-B?
Our model-based fair value for Havsfrun Investment AB is kr 14.87 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 13.26.
What is the quality score of HAV-B?
Havsfrun Investment AB has a Quality Score of 67/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Havsfrun Investment AB (HAV-B)?
Havsfrun Investment AB reported trailing-twelve-month revenue of about 13.9M SEK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of HAV-B?
The net profit margin of Havsfrun Investment AB is about 60.3%, meaning it keeps roughly 60.3% of revenue as net income. Based on the latest reported figures.
Does Havsfrun Investment AB pay a dividend?
Havsfrun Investment AB currently shows a dividend yield of about 7.35% relative to its recent price (as of Jul 18, 2026).

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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