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I-Tech AB (ITECH) Fair Value & Analysis

Basic Materials · SE · Market cap 813M SEK

IT I-Tech AB ITECH · ST
Pricekr 68.20
Fair Valuekr 60.87
Upside-10.8%
Quality72/100
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Mixed Growth
Highly profitable · 21.2% net margin
Low debt · generates free cash flow
1.87% dividend yield
Ranks above peers (10/14)
Wide moat 80/100
Evidence: High Range kr 45.65 – kr 76.08 Share as image

Fair value as of: Jul 13, 2026

From 24 valuation models · updated 29 days ago

Share price +0.6% over the past month.

A solid business, but screening 11% overvalued on our models.

What matters now

  • Our model range runs from kr 45.65 (bear) to kr 76.08 (bull), base kr 60.87. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

kr 119.65 kr 24.37 Fair Value kr 60.87 May 2021 Aug 2026

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

How to read this chart

60‑month range kr 24.37 – kr 119.65 · fair‑value band kr 45.65 – kr 76.08 · the kr 68.20 price screens above the kr 60.87 fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

I-Tech AB (ITECH) currently trades at kr 68.20, while our model-based Fair Value estimate is kr 60.87, implying the stock looks roughly 10.8% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Basic Materials 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, I-Tech AB generated revenue of 165M SEK at a net margin of 21.1%. Revenue declined 4.6% year over year. It earns a return on equity of 19.3%. The balance sheet holds a net cash position of 148M SEK. Fundamentals as of Jul 13, 2026

Our scenario range runs from kr 45.65 (bear case) to kr 76.08 (bull case); at kr 68.20, 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 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -11%, ITECH screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth DCF kr 80.57 kr 130.27 kr 208.37 80
Residual Income kr 15.76 kr 20.96 kr 64.93 76
Rev-Margin DCF kr 61.79 kr 94.14 kr 162.29 74
All 24 models by family
DCF Models
FCF DCF kr 85.18 kr 118.66 kr 218.74 38
Owner Earnings kr 55.66 kr 102.11 kr 188.30 31
5Y Revenue Exit kr 57.51 kr 83.80 kr 138.27 39
5Y EBITDA Exit kr 67.51 kr 104.00 kr 175.32 41
5Y P/E Exit kr 67.26 kr 125.08 kr 202.19 38
10Y Revenue Exit kr 65.97 kr 113.92 kr 139.70 36
10Y EBITDA Exit kr 73.76 kr 133.56 kr 233.13 37
10Y P/E Exit kr 73.59 kr 133.07 kr 226.92 35
Earnings-Based
Graham-Dodd kr 18.81 kr 131.20 kr 184.12 54
Lynch FV kr 67.78 kr 96.83 kr 125.88 50
PEG = 1.0 kr 67.78 kr 96.83 kr 125.88 46
EPV kr 36.32 kr 39.59 kr 42.31 59
Multiples
P/E Multiple kr 45.65 kr 60.87 kr 76.08 63
P/S Multiple kr 35.28 kr 47.03 kr 58.79 58
P/B Multiple kr 35.28 kr 47.03 kr 58.79 55
EV/EBIT kr 59.73 kr 75.53 kr 91.32 53
EV/EBITDA kr 58.36 kr 73.70 kr 89.04 54
EV/Revenue kr 41.77 kr 54.39 kr 67.00 43
Asset-Based
NCAV (Graham) kr 7.27 kr 9.74 kr 14.53 50
Growth DCF
Growth DCF kr 80.57 kr 130.27 kr 208.37 80
Rev-Margin DCF kr 61.79 kr 94.14 kr 162.29 74
Economic Profit
Residual Income kr 15.76 kr 20.96 kr 64.93 76
ROIC Compounder kr 38.65 kr 45.33 kr 52.44 72
Growth Earnings
Growth-Adj P/E kr 89.98 kr 128.54 kr 167.10 68

Widest divergence: Growth Earnings (kr 128.54) versus Asset-Based (kr 9.74). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 165M SEK
Revenue growth (YoY) -4.6%
Net margin 21.1%
Return on equity 19.3%
Free cash flow 64.2M SEK FY2025
P/E ratio 23.3
More key figures
Operating margin 34.3%
EPS (TTM) kr 2.90
Dividend yield 1.8%
EPS growth (YoY) -54.8%
Net cash 148M SEK FY2025

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

Quality Score breakdown

Overall quality 72/100

Of which business quality 73 · Market factors (momentum, volatility) 40

Profitability 71
Margins and returns on capital today
Quality Growth 9
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 79
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.

About the company

I-Tech AB provides antifouling coating products in Sweden. 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.

Full company description

I-Tech AB provides antifouling coating products in Sweden. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

I-Tech AB reported revenue of kr 168M in FY2025 versus kr 52.9M in FY2021, a compound +33.5%/yr. Reported net income was kr 33.2M in FY2025.

Growth Quality 94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
168M SEK
Latest YoY
−6.3%
Avg. 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.
+26.2%
Avg. 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.
+26.1%
Avg. growth/yr (10Y) 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.
+41.8%
Revenue +33.5%/yr
FY21 kr 52.9M
FY22 kr 83.6M
FY23 kr 121M
FY24 kr 179M
FY25 kr 168M
Net income
FY21 −kr 2.6M
FY22 kr 10.6M
FY23 kr 20.2M
FY24 kr 39.0M
FY25 kr 33.2M

ITECH screens 11% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "I-Tech AB Fair Value". https://www.fairvalue-calculator.com/stock/ITECH

Peer Group

Specialty Chemicals · 669 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 72 · Top 25%
Fair Value upside −11% · Above median
Return on equity (TTM) 19% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 1.9% · Above median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 23.4× · Cheaper than median
P/B 4.66× · Pricier than 75% of peers
P/S (TTM) 4.96× · Pricier than 75% of peers
P/FCF 1.3× · Cheaper than median
EV/EBITDA 15.3× · Pricier than median

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.

VALUE 19 · sector 0
FUTURE 0 · sector 19
PAST 77 · sector 23
HEALTH 100 · sector 94
DIVIDEND 37 · sector 25

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

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

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is I-Tech AB (ITECH) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of kr 60.87 versus a price of kr 68.20, about −11% (overvalued).
What is the fair value of ITECH?
Our model-based fair value for I-Tech AB is kr 60.87 (as of Jul 13, 2026), built from audited fundamentals. The current price is kr 68.20.
What is the quality score of ITECH?
I-Tech AB has a Quality Score of 72/100. 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 revenue of I-Tech AB (ITECH)?
I-Tech AB reported trailing-twelve-month revenue of about 165M SEK (latest available figure, as of Jul 13, 2026).
What is the net profit margin of ITECH?
The net profit margin of I-Tech AB is about 21.1%, meaning it keeps roughly 21.1% of revenue as net income. Based on the latest reported figures.
Does I-Tech AB pay a dividend?
I-Tech AB currently shows a dividend yield of about 1.81% relative to its recent price (as of Jul 13, 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.

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