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Impact Coatings publ AB (IMPC) Fair Value & Analysis

Industrials · SE · Market cap 405M SEK (≈ $42.3M) · ISIN SE0001279142

What is Impact Coatings publ AB really worth?

IC Impact Coatings publ AB IMPC · ST
Pricekr 2.56
Fair Valuekr 0.8200
Upside−68.0%
Quality23/100

Below-average quality, and trading another 212% above our fair value of kr 0.8200.

As of Aug 13, 2026, the fair value of Impact Coatings publ AB is kr 0.8200 per share against a price of kr 2.56, so the fair value sits 68% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +3.7 %/yr)
!Loss-making · -83.5% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (4/10)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range kr 0.5400 – kr 1.02

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 23 days ago

Share price −20.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (kr 1.02). The favourable scenario is already priced in.
  • Weak quality (23/100) 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.
  • A fairly wide model range (kr 0.5400 to kr 1.02) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

kr 20.88 kr 1.23 Fair Value kr 0.8200 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range kr 1.23 – kr 20.88 · fair‑value band kr 0.5400 – kr 1.02 · the kr 2.56 price screens above the kr 0.8200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Impact Coatings publ AB (IMPC) currently trades at kr 2.56, while our model-based Fair Value estimate is kr 0.8200, implying the stock looks roughly 212.2% overvalued today. The Quality Score stands at 23/100 (below-average quality), in the Industrials sector. How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Over the trailing twelve months, Impact Coatings publ AB generated revenue of 51.5M SEK at a net margin of −83.5%. Revenue grew 8.8% year over year. It earns a return on equity of −27.8%. The balance sheet holds a net cash position of 9.9M SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 0.5400 (bear case) to kr 1.02 (bull case); at kr 2.56, 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 52% below its 52-week high and 123% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −68%, IMPC screens richer 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.

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) best evidence kr 0.7300 kr 0.9800 kr 1.47 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence kr 0.7300 kr 0.9800 kr 1.47 54

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Key figures & financial health

P/S ratio 7.87 TTM
EPS (TTM) kr −0.4600
Net margin −97.0% FY2025
Return on equity −27.8% TTM
Return on assets (EBIT) −19.4% avg 5y
Operating margin −96.8% TTM
More key figures
Growth
Revenue (TTM) 51.5M SEK TTM
Revenue growth (YoY) +8.8% 3y avg +13.9%
Balance sheet & cash flow
Free cash flow −39.8M SEK FY2025
Net cash 9.9M SEK FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 23/100

Of which business quality 29 · Market factors (momentum, volatility) 24

Profitability 1
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 5
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 37
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.

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

Impact Coatings AB (publ) provides coating solutions through PVD technology in Sweden, rest of Europe, Asia, and North America. The company offers PVD systems products, including INLINECOATER IC2000, INLINECOATER IC500, and INLINECOATER IC500+; and electrolyzer and fuel cell coatings. It also provides coating and aftermarket services.

Full company description

Impact Coatings AB (publ) provides coating solutions through PVD technology in Sweden, rest of Europe, Asia, and North America. The company offers PVD systems products, including INLINECOATER IC2000, INLINECOATER IC500, and INLINECOATER IC500+; and electrolyzer and fuel cell coatings. It also provides coating and aftermarket services. The company's products are used for energy, metallization, and decorative applications. Impact Coatings AB (publ) was incorporated in 1997 and is headquartered in Linköping, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Impact Coatings publ AB reported revenue of 47.3M SEK in FY2025 versus 57.2M SEK in FY2021, a compound −4.6%/yr. Reported net income was −45.9M SEK in FY2025.

Growth Quality 8/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
47.3M SEK
Latest YoY
−57.1%
Avg. revenue 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.
+13.9%
Avg. revenue 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.
+3.7%
Avg. revenue growth/yr (24Y) 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.
+9.1%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−58.1% (2020) → −108.5% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −4.6%/yr
FY21 57.2M SEK
FY22 32.0M SEK
FY23 99.1M SEK
FY24 110M SEK
FY25 47.3M SEK
Net income
FY21 −32.1M SEK
FY22 −47.0M SEK
FY23 −32.0M SEK
FY24 −29.6M SEK
FY25 −45.9M SEK

IMPC screens 212% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Impact Coatings publ AB Fair Value". https://www.fairvalue-calculator.com/stock/IMPC.ST

Peer Group

Specialty Industrial Machinery · 792 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 29 · Bottom 25%
Fair Value upside −68% · Bottom 25%
Return on assets −13% · Bottom 25%
Net margin (TTM) −84% · Bottom 25%
Operating margin (TTM) −97% · Bottom 25%
Revenue growth 9% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/B 0.27× · Cheaper than 75% of peers
P/S (TTM) 0.82× · Cheaper than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE44 · sector 21
PAST0 · sector 28
HEALTH100 · sector 96
DIVIDEND0 · sector 27

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

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc GEV $941.84 $131.95 −86%
SIE SIE €289.85 €139.77 −52%
Eaton Corporation ETN $402.78 $168.65 −58%
Parker-Hannifin Corporation PH $995.02 $398.69 −60%
Atlas Copco AB ATCOA kr 206.60 kr 112.59 −46%
Cummins Inc CMI $564.40 $348.94 −38%
Illinois Tool Works Inc ITW $270.12 $145.84 −46%
Emerson Electric Co EMR $155.18 $58.44 −62%
AMETEK, Inc AME $236.25 $125.80 −47%
Rockwell Automation, Inc ROK $417.53 $125.76 −70%

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Frequently asked questions

Is Impact Coatings publ AB (IMPC) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 0.8200 versus a price of kr 2.56, about −68% upside (overvalued).
What is the fair value of IMPC?
Our model-based fair value for Impact Coatings publ AB is kr 0.8200 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 2.56.
What is the quality score of IMPC?
Impact Coatings publ AB has a Quality Score of 23/100. 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 price target for Impact Coatings publ AB (IMPC)?
Our model-based price target is the fair value of kr 0.8200 (as of Aug 13, 2026) from 1 valuation models. Cautious scenario kr 0.5400, optimistic scenario kr 1.02. It is a calculation from audited fundamentals, not an analyst target.
What is the Impact Coatings publ AB stock forecast for 2026?
Our models put fair value at kr 0.8200, about −68% upside versus a price of kr 2.56 (overvalued). Cautious scenario kr 0.5400, optimistic scenario kr 1.02. The calculation is refreshed regularly with new filings.
What is the revenue of Impact Coatings publ AB (IMPC)?
Impact Coatings publ AB reported trailing-twelve-month revenue of about 51.5M SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of IMPC?
The net profit margin of Impact Coatings publ AB is about −83.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
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