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HMS Networks AB (HMS) Fair Value & Analysis

Technology · SE · Market cap 27.2B SEK

HN HMS Networks AB HMS · ST
Pricekr 496.00
Fair Valuekr 190.66
Upside-61.6%
Quality95/100
Evidence: High Range kr 143.00 – kr 238.33

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 6 days ago

Fair value updated Jun 24, 2026 — revised from kr 218.19 to kr 190.66 (−12.6%) since Jun 23, 2026. Share price −6.4% over the past month.

Price vs Fair Value (12 months)

kr 580.72 kr 376.15 Fair Value kr 190.66 Jun 2025 Jun 2026

12‑month range kr 376.15 – kr 580.72 · fair‑value band kr 143.00 – kr 238.33 · the kr 496.00 price screens above the kr 190.66 fair value. As of Jun 24, 2026.

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Analysis

HMS Networks AB (HMS) currently trades at kr 496.00, while our model-based Fair Value estimate is kr 190.66 — implying the stock looks roughly 61.6% overvalued today. We read business quality at 95/100 (high quality), in the Technology 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: high).

Over the trailing twelve months, HMS Networks AB generated revenue of 3.7B SEK at a net margin of 13.2%. Revenue grew 9.1% year over year. It earns a return on equity of 13.6%. Net debt stands at 2.3B SEK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 3.7B SEK
Revenue growth (YoY) +9.1%
Net margin 13.2%
Return on equity 13.6%
Free cash flow 815M SEK FY2025
P/E ratio 56.5
More key figures
Operating margin 24.4%
EPS (TTM) kr 9.60
Dividend yield 0.9%
EPS growth (YoY) +41.0%
Net debt 2.3B SEK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

HMS Networks AB (publ) provides industrial information and communication technology solutions worldwide. The company offers industrial data products, including HMI and panel meters, industrial controllers, network diagnostics, network security, and remote gateway products; industrial network connectivity products comprising embedded network interfaces, functional safety, gateways and protocol converters, industrial PC interfaces, industrial wireless, and switches and infrastructure products; building automation gateway products that include AC cloud control, AC, AW heat pump, and protocol converter gateways; vehicle and medical communication products, such as computing gateways, infrastructure components, and PC interfaces; and related software, tools, and accessories. Its products are used for battery energy storage, EV charging, factory to building, HVAC control, lighting control, mobile robots, PLCs, robot controllers, and smart metering applications. The company also provides bu…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HMS Networks AB reported revenue of kr 3.6B in FY2025 versus kr 2.0B in FY2021, a compound +16.1%/yr. Reported net income was kr 435M in FY2025, compounding +5.2%/yr from FY2021.

Revenue +16.1%/yr
FY21 kr 2.0B
FY22 kr 2.5B
FY23 kr 3.0B
FY24 kr 3.1B
FY25 kr 3.6B
Net income +5.2%/yr
FY21 kr 355M
FY22 kr 508M
FY23 kr 571M
FY24 kr 310M
FY25 kr 435M

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Similar stocks

6 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $121.53 $43.05 -65%
Foxconn Industrial Internet Co 601138 ¥78.88 ¥18.01 -77%
Zhongji Innolight Co 300308 ¥1,382 ¥223.88 -84%
Eoptolink Technology Inc 300502 ¥748.00 ¥192.70 -74%
Nokia Oyj NOKIA 291.00 CZK 68.23 CZK -77%
Motorola Solutions, Inc MSI $392.23 $190.24 -51%

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Frequently asked questions

Is HMS Networks AB (HMS) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 190.66 versus a price of kr 496.00 — about −62% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HMS?
Our 21-model fair value for HMS Networks AB is kr 190.66 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 496.00.
What is the quality score of HMS?
HMS Networks AB has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of HMS Networks AB (HMS)?
HMS Networks AB reported trailing-twelve-month revenue of about 3.7B SEK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of HMS?
The net profit margin of HMS Networks AB is about 13.2%, meaning it keeps roughly 13.2% of revenue as net income. Based on the latest reported figures.
Does HMS Networks AB pay a dividend?
HMS Networks AB currently shows a dividend yield of about 0.85% relative to its recent price (as of Jun 24, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.