Invisio Communications AB (IVSO) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Invisio Communications AB SEK 209, price SEK 234, upside -10.5%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 Sep 24, 2026.
How to read this chart
60‑month range kr 106.99 – kr 437.72 · fair‑value band kr 148.78 – kr 355.06 · the kr 233.80 price screens above the kr 209.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Invisio AB (publ) develops and sells communication and hearing protection systems for professionals in the defense, law enforcement, and security sectors in Sweden, the United Kingdom, Denmark, Netherlands, rest of Europe, the United States, and internationally. It offers headsets, control units, intercom systems, tactical hubs, accessories, and cables.
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Invisio AB (publ) develops and sells communication and hearing protection systems for professionals in the defense, law enforcement, and security sectors in Sweden, the United Kingdom, Denmark, Netherlands, rest of Europe, the United States, and internationally. It offers headsets, control units, intercom systems, tactical hubs, accessories, and cables. The company offers its products under the INVISIO and Racal Acoustics brands. It markets and sells its products through partners and resellers. The company was formerly known as INVISIO Communications AB (publ) and changed its name to Invisio AB (publ) in June 2010. The company was founded in 1999 and is based in Malmö, Sweden.
Stock analysis
Invisio Communications AB (IVSO) currently trades at kr 233.80, while our model-based Fair Value estimate is kr 209.28, implying the stock looks roughly 11.7% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 161.36 per share, and 0 of the 24 models we run sit above the kr 233.80 price.
Bear case: the Economic Profit group reads lowest at kr 35.61, and 24 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 148.78 (bear) to kr 355.06 (bull), the price of kr 233.80 sits inside 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 56/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Invisio Communications AB reported revenue of 1.7B SEK in FY2025 versus 593M SEK in FY2021, a compound +30.8%/yr. Reported net income was 218M SEK in FY2025, compounding +96.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 11.0B SEK (≈ $1.1B) · P/E ratio 48.9 · P/S ratio 6.14 · EPS (TTM) kr 4.78 · Net margin 12.6% · Return on equity 20.0% · Return on assets (EBIT) 16.5% · Operating margin 9.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 30% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −46% fair-value upside, at −10%, IVSO screens cheaper than that median.
Fair Value models
Bear kr 148.78Fair Value kr 209.28Bull kr 355.06
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 3.50 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.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.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.9%
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.
+30.8%
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.
+26.7%
Start year 2020 (pandemic). Over 10 years: +22.4% a year
Revenue growth 21 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.
+24.0%
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What shareholders gained per year (last 5 years) ⓘ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.
+27.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.8%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.28% vs 14%, picking up
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.18% → 18%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+32.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+17.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +29.8% a year for the price and +15.5% for the forecasts.
Compare Invisio Communications AB with another stock
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 · 311 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−11% · Above median
Profitability
Return on equity (TTM)20% · Top 25%
Return on assets13% · Top 25%
Net margin (TTM)12% · Top 25%
Operating margin (TTM)9% · Above median
Growth and dividend
Revenue growth29% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Communication Equipment median · lower = cheaper
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). "Invisio Communications AB Fair Value". https://www.fairvalue-calculator.com/stock/IVSO
Frequently asked questions
Is Invisio Communications AB (IVSO) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 209.28 versus a price of kr 233.80, about −10% upside (overvalued).
What is the fair value of IVSO?
Our model-based fair value for Invisio Communications AB is kr 209.28 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 233.80.
What is the quality score of IVSO?
Invisio Communications AB has a Quality Score of 56/100. 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 Invisio Communications AB (IVSO)?
Our model-based price target is the fair value of kr 209.28 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario kr 148.78, optimistic scenario kr 355.06. It is a calculation from audited fundamentals, not an analyst target.
What is the Invisio Communications AB stock forecast for 2026?
Our models put fair value at kr 209.28, about −10% upside versus a price of kr 233.80 (overvalued). Cautious scenario kr 148.78, optimistic scenario kr 355.06. The calculation is refreshed regularly with new filings.
What is the revenue of Invisio Communications AB (IVSO)?
Invisio Communications AB reported trailing-twelve-month revenue of about 1.8B SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into Invisio Communications AB (IVSO)?
For today's price to be fair in a discounted-cash-flow model, Invisio Communications AB would have to grow free cash flow by +32.4 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +26.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of IVSO use?
Our models discount Invisio Communications AB at 10.6 %: a base by market capitalisation (small), damped by beta 0.86, 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 Invisio Communications AB that is +32.4 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Invisio Communications AB (IVSO) delivered so far?
Over the past 5 years revenue at Invisio Communications AB grew +26.7 % a year. The price currently implies +32.4 % per year free-cash-flow growth a 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 Invisio Communications AB (IVSO) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Invisio Communications AB (+32.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Invisio Communications AB (IVSO)?
The free-cash-flow yield on the price is 1.68 %: that much free cash flow Invisio Communications AB produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Invisio Communications AB (IVSO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Invisio Communications AB it is kr 209.28 per share (as of Sep 24, 2026), against a price of kr 233.80. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Invisio Communications AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, IVSO trades above its calculated fair value: price kr 233.80, fair value kr 209.28, a gap of about −10% (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 IVSO?
No. The price is what the market pays today (kr 233.80); the fair value is what the company's own numbers justify (kr 209.28). For Invisio Communications AB the two are kr 24.52 per share apart. That gap is exactly why we show both numbers side by side.
How much is Invisio Communications AB worth?
The market values Invisio Communications AB at about 11.0B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 233.80; our models calculate a fair value of kr 209.28 per share.
What do the bullish and bearish scenarios say about IVSO?
Our models span a range for Invisio Communications AB: cautious scenario kr 148.78, base kr 209.28, optimistic kr 355.06 per share (as of Sep 24, 2026, price kr 233.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IVSO?
Invisio Communications AB trades at a price-to-earnings ratio of 48.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 209.28 is built from several models across several years. Other multiples: P/B 9.3, P/S 6.0, EV/EBITDA 30.1.
How solid is the balance sheet of Invisio Communications AB (IVSO)?
Balance-sheet figures for Invisio Communications AB (as of Sep 24, 2026): return on equity 20.0%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is IVSO from its 52-week high?
Invisio Communications AB trades at kr 233.80, about 30% below its 52-week high of kr 331.70 and 16% above the low of kr 202.00 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 209.28 is for.
Which stocks are comparable to Invisio Communications AB?
From the same area (Technology) we also value Cisco Systems, Inc, Zhongji Innolight Co, Foxconn Industrial Internet 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 Invisio Communications AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 233.80, calculated fair value kr 209.28 (−10%), Quality Score 56/100, from 24 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 IVSO calculated?
We run Invisio Communications AB through 24 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 209.28, 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 14.1 % above its aggregate fair value. Invisio Communications 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 Invisio Communications AB (IVSO)?
The closing price on Sep 23, 2026 was kr 233.80. Our model-based fair value is kr 209.28, about −10% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Invisio Communications AB right now?
A fairly wide model range (kr 148.78 to kr 355.06) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Invisio Communications AB
How large is the market capitalisation of Invisio Communications AB (IVSO)?
The market capitalisation of Invisio Communications AB is 11.0B SEK (≈ $1.1B). 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 Invisio Communications AB (IVSO)?
The price-to-sales ratio of Invisio Communications AB is 6.14 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Invisio Communications AB (IVSO)?
Earnings per share at Invisio Communications AB are kr 4.78 (price ÷ EPS = P/E 48.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Invisio Communications AB (IVSO)?
The net margin of Invisio Communications AB is 12.6% (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 Invisio Communications AB (IVSO)?
The return on equity (ROE) of Invisio Communications AB is 20.0% (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 Invisio Communications AB (IVSO)?
On an EBIT basis the return on assets of Invisio Communications AB is 16.5% (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 Invisio Communications AB (IVSO)?
The operating margin of Invisio Communications AB is 9.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Invisio Communications AB (IVSO)?
Revenue at Invisio Communications AB is growing +28.6% versus a year earlier (3y avg +30.8%). 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 Invisio Communications AB (IVSO)?
Earnings per share at Invisio Communications AB are growing +17.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Invisio Communications AB (IVSO) hold?
Invisio Communications AB holds more cash than debt, 326M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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