InCoax Networks AB (INCOAX) fair value: what the stock is really worth
We calculate from audited financials what InCoax Networks AB is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Valuation from Jul 19, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.
How to read this chart
60‑month range kr 0.4330 – kr 7.02 · fair‑value band kr 0.3315 – kr 0.6715 · the kr 0.7240 price screens above the kr 0.4505 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.
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InCoax Networks AB (publ) re-purposes existing property coaxial networks in fiber and fixed wireless access extension deployments for communication service providers in the European Union, North America, and internationally.
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InCoax Networks AB (publ) re-purposes existing property coaxial networks in fiber and fixed wireless access extension deployments for communication service providers in the European Union, North America, and internationally. The company offers InCoax DPU D2501 for fiber access extension deployments in small multi-dwelling units (MDUs) in P2MP coaxial networks; in:xtnd Control, a fiber access extension for MDUs in P2P and P2MP coaxial networks; InCoax Access modems; and InCoax Combine frequency combiners. It also provides MoCA Access 2.5 Control units and distribution point units; InCoax Access A251, a series of MoCA over coax network termination equipment (NTE) modems; InCoax Access A101, a series of reliable coax NTE modems; and InCoax Manage coax link manager (CLM), an advanced cloud-based element manager. InCoax Networks AB (publ) was incorporated in 2009 and is headquartered in Lund, Sweden.
Stock analysis
InCoax Networks AB (INCOAX) currently trades at kr 0.7240, while our model-based Fair Value estimate is kr 0.4505, implying the stock looks roughly 60.7% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: kr 0.3315 (bear) to kr 0.6715 (bull), the price of kr 0.7240 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 13/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
InCoax Networks AB reported revenue of 48.1M SEK in FY2025 versus 20.9M SEK in FY2021, a compound +23.1%/yr. Reported net income was −32.6M SEK in FY2025.
Key figures
Market cap 137M SEK (≈ $13.8M) · P/S ratio 2.89 · EPS (TTM) kr −0.3300 · Net margin −67.8% · Return on equity −38.0% · Return on assets (EBIT) −18.9% · Operating margin −215% · Revenue (TTM) 47.6M SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 61% below its 52-week high and 67% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −38%, INCOAX screens cheaper than that median.
Fair Value models
Bear kr 0.3315Fair Value kr 0.4505Bull kr 0.6715
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−35.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+22.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+66.2%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+43.3%
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Profit 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.
−1,515.3% (2020) → −59.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
News mood ⓘNews mood, the average tone of recent news (3 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Communication Equipment · 316 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score17 · Bottom 25%
Fair Value upside−38% · Below median
Profitability
Return on assets−16% · Bottom 25%
Net margin (TTM)−94% · Bottom 25%
Growth and dividend
Revenue growth−80% · Bottom 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/B0.13× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM)0.29× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 37
PAST (return on equity)0· sector 15
HEALTH (low debt)99· sector 98
DIVIDEND (yield)0· sector 23
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "InCoax Networks AB Fair Value". https://www.fairvalue-calculator.com/stock/INCOAX
Frequently asked questions
Is InCoax Networks AB (INCOAX) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of kr 0.4505 versus a price of kr 0.7240, about −38% upside (overvalued).
What is the fair value of INCOAX?
Our model-based fair value for InCoax Networks AB is kr 0.4505 (as of Jul 19, 2026), built from audited fundamentals. The current price: kr 0.7240.
What is the quality score of INCOAX?
InCoax Networks AB has a Quality Score of 13/100. 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 InCoax Networks AB (INCOAX)?
Our model-based price target is the fair value of kr 0.4505 (as of Jul 19, 2026) from 1 valuation models. Cautious scenario kr 0.3315, optimistic scenario kr 0.6715. It is a calculation from audited fundamentals, not an analyst target.
What is the InCoax Networks AB stock forecast for 2026?
Our models put fair value at kr 0.4505, about −38% upside versus a price of kr 0.7240 (overvalued). Cautious scenario kr 0.3315, optimistic scenario kr 0.6715. The calculation is refreshed regularly with new filings.
What is the revenue of InCoax Networks AB (INCOAX)?
InCoax Networks AB reported trailing-twelve-month revenue of about 47.6M SEK (latest available figure, as of Jul 19, 2026).
What is the intrinsic value of InCoax Networks AB (INCOAX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For InCoax Networks AB it is kr 0.4505 per share (as of Jul 19, 2026), against a price of kr 0.7240. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is InCoax Networks AB stock overvalued or undervalued in 2026?
As of Jul 19, 2026, INCOAX trades above its calculated fair value: price kr 0.7240, fair value kr 0.4505, a gap of about −38% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of INCOAX?
No. The price is what the market pays today (kr 0.7240); the fair value is what the company's own numbers justify (kr 0.4505). For InCoax Networks AB the two are kr 0.2735 per share apart. That gap is exactly why we show both numbers side by side.
How much is InCoax Networks AB worth?
The market values InCoax Networks AB at about 137M SEK (market capitalisation, as of Jul 19, 2026). Per share that is kr 0.7240; our models calculate a fair value of kr 0.4505 per share.
What do the bullish and bearish scenarios say about INCOAX?
Our models span a range for InCoax Networks AB: cautious scenario kr 0.3315, base kr 0.4505, optimistic kr 0.6715 per share (as of Jul 19, 2026, price kr 0.7240). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of InCoax Networks AB (INCOAX)?
Balance-sheet figures for InCoax Networks AB (as of Jul 19, 2026): return on equity −38.0%, debt of 0.03 per unit of equity. They feed the Quality Score of 13/100, which measures business quality independently of the share price.
How far is INCOAX from its 52-week high?
InCoax Networks AB trades at kr 0.7240, about 61% below its 52-week high of kr 1.84 and 67% above the low of kr 0.4330 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.4505 is for.
Which stocks are comparable to InCoax Networks AB?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Eoptolink Technology Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is InCoax Networks AB stock attractive at the current price?
The data as of Jul 19, 2026: price kr 0.7240, calculated fair value kr 0.4505 (−38%), Quality Score 13/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of INCOAX calculated?
We run InCoax Networks AB through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 0.4505, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. InCoax Networks AB itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of InCoax Networks AB (INCOAX)?
The closing price on Sep 24, 2026 was kr 0.7240. Our model-based fair value is kr 0.4505, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with InCoax Networks AB right now?
The price sits above even our optimistic bull case (kr 0.6715). The favourable scenario is already priced in. Weak quality (13/100) 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 0.3315 to kr 0.6715) leaves room in how you read the outcome.
Key figures of InCoax Networks AB
How large is the market capitalisation of InCoax Networks AB (INCOAX)?
The market capitalisation of InCoax Networks AB is 137M SEK (≈ $13.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of InCoax Networks AB (INCOAX)?
The price-to-sales ratio of InCoax Networks AB is 2.89 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of InCoax Networks AB (INCOAX)?
Earnings per share at InCoax Networks AB are kr −0.3300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of InCoax Networks AB (INCOAX)?
The net margin of InCoax Networks AB is −67.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of InCoax Networks AB (INCOAX)?
The return on equity (ROE) of InCoax Networks AB is −38.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of InCoax Networks AB (INCOAX)?
On an EBIT basis the return on assets of InCoax Networks AB is −18.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of InCoax Networks AB (INCOAX)?
The operating margin of InCoax Networks AB is −215% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at InCoax Networks AB (INCOAX)?
Revenue at InCoax Networks AB is growing −79.8% versus a year earlier (3y avg +22.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does InCoax Networks AB (INCOAX) generate?
The free cash flow of InCoax Networks AB is −45.3M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does InCoax Networks AB (INCOAX) carry?
The net debt of InCoax Networks AB is 14.5M SEK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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