Havsfrun Investment AB (HAV-B) Fair Value & Analysis
Financial Services · SE · Market cap 160M SEK (≈ $16.7M) · ISIN SE0000312043
What is Havsfrun Investment AB really worth?
A strong business, trading 19% below our fair value of kr 16.24.
Strengths
Risks
For context
Fair value as of: Aug 28, 2026
From 10 valuation models · updated 8 days ago
Share price +0.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
- The price sits in the lower half of our model range, the side with the larger margin of safety.
- The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.
How to read this chart
60‑month range kr 7.67 – kr 25.29 · fair‑value band kr 12.18 – kr 20.30 · the kr 13.16 price screens below the kr 16.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 28, 2026.
Analysis
Havsfrun Investment AB (HAV-B) currently trades at kr 13.16, while our model-based Fair Value estimate is kr 16.24, implying the stock looks roughly 19.0% undervalued today. The Quality Score stands at 84/100 (high quality), in the Financial Services sector. Bull case: the Earnings-Based group reads highest at a median of kr 43.72 per share, and 8 of the 10 models we run sit above the kr 13.16 price. Bear case: the Asset-Based group reads lowest at kr 7.11, and 2 of the 10 models stay below the price. Evidence for this calculation is high.
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 Aug 28, 2026
Our scenario range runs from kr 12.18 (bear case) to kr 20.30 (bull case); at kr 13.16, 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 44% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at 23%, HAV-B screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 10 models by family
Widest divergence: Earnings-Based (kr 43.72) versus Asset-Based (kr 7.11). Highest evidence: Growth DCF (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 82 · Market factors (momentum, volatility) 29
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Havsfrun Investment AB reported revenue of 19.5M SEK in FY2025 versus −5.4M SEK in FY2021. Reported net income was 12.9M SEK in FY2025, compounding +39.7%/yr from FY2021.
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Peer Group
Capital Markets · 455 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.
Valuation Multiples vs Capital Markets median · lower = cheaper
Strength profile in five axes (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.
Insider activity: 35/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Morgan Stanley, a financial holding company, MS | $214.77 | $138.97 | −35% |
| The Goldman Sachs Group GS | $1,034 | $756.89 | −27% |
| The Charles Schwab Corporation SCHW | $110.16 | $66.17 | −40% |
| Robinhood Markets, Inc HOOD | $104.26 | $30.94 | −70% |
| Macquarie Group MQG | A$251.87 | A$75.58 | −70% |
| CITIC Securities Company 600030 | ¥27.93 | ¥17.68 | −37% |
| Guotai Haitong Securities Co 601211 | ¥17.87 | ¥18.62 | +4% |
| East Money Information Co 300059 | ¥19.42 | ¥4.77 | −75% |
| CSC Financial Co 601066 | ¥25.78 | ¥14.17 | −45% |
| Huatai Securities Co 601688 | ¥19.56 | ¥19.26 | −2% |
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