I-Tech (ITECH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of I-Tech stock SEK 108, price SEK 62.90, upside +72.3%, quality 68 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range kr 24.37 – kr 119.65 · fair‑value band kr 65.89 – kr 167.10 · the kr 62.90 price screens below the kr 108.39 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. As of Nov 8, 2026.
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I-Tech AB provides antifouling coating products in Sweden.
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It offers Selektope, an antifouling solution, which operates by selectively stimulating octopamine receptors in barnacle larvae, triggering a temporary swimming behavior that causes the larva to detach from the treated surface without being harmed.
The company was founded in 1990 and is based in Mölndal, Sweden.
Stock analysis
I-Tech (ITECH) currently trades at kr 62.90, while our model-based Fair Value estimate is kr 108.39, implying the stock looks roughly 42% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 128.54 per share, and 16 of the 26 models we run sit above the kr 62.90 price.
Bear case: the Asset-Based group reads lowest at kr 13.07, and 10 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 65.89 (bear) to kr 167.10 (bull), the price of kr 62.90 sits below 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 68/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
I-Tech reported revenue of 168M SEK in FY2025 versus 52.9M SEK in FY2021, a compound +33.5%/yr. Reported net income was 33.2M SEK in FY2025.
Key figures
Market cap 782M SEK (≈ $79.1M) Micro · P/E ratio 15.7 · P/S ratio 3.93 · EPS (TTM) kr 4.00 · Dividend yield 2.0% · Net margin 25.6% · Return on equity 27.3% · Return on assets (EBIT) 14.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 88 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 47% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 72%, ITECH screens cheaper than that median.
Fair Value models
Bearkr 65.89Fair Value kr 108.39Bullkr 167.10
Price kr 62.90 · Upside +72.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 2.36 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−6.3%
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.
+26.2%
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.
+26.1%
Start year 2020 (pandemic). Over 10 years: +41.8% a year
Revenue growth 10 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.
+41.8%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+68.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+66.7%
Dividend (yield on the price)2.0%
Profit margin 2020 to 2025 ⓘ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.−11% → 27%
2025 sits 64% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about −0.7% a year for the price.
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.Specialty Chemicals · 728 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+72.3% · Top 25%
Profitability
Return on equity (12 months)27.3% · Top 25%
Return on assets17.1% · Top 25%
Net margin (12 months)25.6% · Top 25%
Operating margin (12 months)26.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)19.0% · Above median
Dividend yield (12 months)2.0% · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)15.7× · Cheaper than median
P/B4.48× · Priciest 25%
P/S (12 months)3.93× · Priciest 25%
Price / free cash flow (fiscal year)12.2× · Cheaper than median
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). "I-Tech Fair Value". https://www.fairvalue-calculator.com/stock/ITECH
Frequently asked questions
Is I-Tech (ITECH) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 108.39 versus a price of kr 62.90, about +72% upside (undervalued).
What is the fair value of ITECH?
Our model-based fair value for I-Tech is kr 108.39 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 62.90.
What is the quality score of ITECH?
I-Tech has a Quality Score of 68/100. 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 I-Tech (ITECH)?
Our model-based price target is the fair value of kr 108.39 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario kr 65.89, optimistic scenario kr 167.10. It is a calculation from audited fundamentals, not an analyst target.
What is the I-Tech stock forecast for 2026?
Our models put fair value at kr 108.39, about +72% upside versus a price of kr 62.90 (undervalued). Cautious scenario kr 65.89, optimistic scenario kr 167.10. The calculation is refreshed regularly with new filings.
What is the revenue of I-Tech (ITECH)?
I-Tech reported trailing-twelve-month revenue of about 199M SEK (latest available figure, as of Nov 8, 2026).
Does I-Tech pay a dividend?
I-Tech currently shows a dividend yield of 1.99% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of I-Tech (ITECH) and when is the ex-dividend date?
I-Tech pays a dividend of kr 1.25 per share a year, a dividend yield of 2.0%. The last ex-dividend date was May 22, 2026. The payout ratio is 31.3% of earnings. Free cash flow covers the dividend 4.28 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into I-Tech (ITECH)?
For today's price to be fair in a discounted-cash-flow model, I-Tech would have to grow free cash flow by +1.3 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +26.1 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of ITECH use?
Our models discount I-Tech at 12.0 %: a base by market capitalisation (micro), damped by beta 0.83, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For I-Tech that is +1.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has I-Tech (ITECH) delivered so far?
Over the past 5 years revenue at I-Tech grew +26.1 % a year. The price currently implies free-cash-flow growth of +1.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of I-Tech (ITECH) growing?
The median revenue growth in the sector is +6.2 % a year. That is the yardstick for the growth priced into I-Tech (+1.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of I-Tech (ITECH)?
The free-cash-flow yield on the price is 8.21 %: that much free cash flow I-Tech produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of I-Tech (ITECH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For I-Tech it is kr 108.39 per share (as of Nov 8, 2026), against a price of kr 62.90. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is I-Tech stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ITECH trades below its calculated fair value: price kr 62.90, fair value kr 108.39, a gap of about +72% (undervalued). 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 ITECH?
No. The price is what the market pays today (kr 62.90); the fair value is what the company's own numbers justify (kr 108.39). For I-Tech the two are kr 45.49 per share apart. That gap is exactly why we show both numbers side by side.
How much is I-Tech worth?
The market values I-Tech at about 782M SEK (market capitalisation, as of Nov 8, 2026). Per share that is kr 62.90; our models calculate a fair value of kr 108.39 per share.
What do the bullish and bearish scenarios say about ITECH?
Our models span a range for I-Tech: cautious scenario kr 65.89, base kr 108.39, optimistic kr 167.10 per share (as of Nov 8, 2026, price kr 62.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ITECH?
I-Tech trades at a price-to-earnings ratio of 15.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 108.39 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2019 to 2025), reported earnings, FY2025 ex one-offs: 32.5. Other multiples: P/B 4.5, P/S 3.9, EV/EBITDA 10.0.
How solid is the balance sheet of I-Tech (ITECH)?
Balance-sheet figures for I-Tech (as of Nov 8, 2026): return on equity 27.3%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is ITECH from its 52-week high?
I-Tech trades at kr 62.90, about 20% below its 52-week high of kr 78.20 and 47% above the low of kr 42.66 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 108.39 is for.
Which stocks are comparable to I-Tech?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 I-Tech stock attractive at the current price?
The data as of Nov 8, 2026: price kr 62.90, calculated fair value kr 108.39 (+72%), Quality Score 68/100, from 26 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 ITECH calculated?
We run I-Tech through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 108.39 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. I-Tech currently trades 42% below its own fair value, and the market average says nothing about that. 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 I-Tech (ITECH)?
The closing price on Nov 6, 2026 was kr 62.90. Our model-based fair value is kr 108.39, about +72% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with I-Tech right now?
The price is below even our cautious bear case (kr 65.89). The market is more pessimistic than our downside scenario. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (kr 65.89 to kr 167.10) leaves room in how you read the outcome.
Key figures of I-Tech
How large is the market capitalisation of I-Tech (ITECH)?
The market capitalisation of I-Tech is 782M SEK (≈ $79.1M). 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 I-Tech (ITECH)?
The price-to-sales ratio of I-Tech is 3.93 (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 I-Tech (ITECH)?
Earnings per share at I-Tech are kr 4.00 (price ÷ EPS = P/E 15.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of I-Tech (ITECH)?
The dividend yield of I-Tech is 2.0% (payout 31.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of I-Tech (ITECH)?
The net margin of I-Tech is 25.6% (last twelve months). 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 I-Tech (ITECH)?
The return on equity (ROE) of I-Tech is 27.3% (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 I-Tech (ITECH)?
On an EBIT basis the return on assets of I-Tech is 14.2% (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 I-Tech (ITECH)?
The operating margin of I-Tech is 26.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at I-Tech (ITECH)?
Revenue at I-Tech is growing +19.0% versus a year earlier (3y avg +26.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at I-Tech (ITECH)?
Earnings per share at I-Tech are growing +23.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does I-Tech (ITECH) hold?
I-Tech holds more cash than debt, 148M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026