K33 AB (publ) (K33) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of K33 AB (publ) SEK 0.02, price SEK 0.02, upside -27.0%, quality 22 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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K33 AB (publ), through its subsidiaries, trades in and invests in digital assets in Sweden and internationally. The company offers execution, actionable insights, and support to private and institutional partners. The company was formerly known as Arcario AB and changed its name to K33 AB (publ) in December 2024.
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K33 AB (publ), through its subsidiaries, trades in and invests in digital assets in Sweden and internationally. The company offers execution, actionable insights, and support to private and institutional partners. The company was formerly known as Arcario AB and changed its name to K33 AB (publ) in December 2024. K33 AB (publ) is headquartered in Stockholm, Sweden.
Stock analysis
K33 AB (publ) (K33) currently trades at kr 0.0230, while our model-based Fair Value estimate is kr 0.0168, implying the stock looks roughly 36.9% overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Quality & growth
The Quality Score stands at 22/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
K33 AB (publ) reported revenue of 2.2B SEK in FY2025 versus 332M SEK in FY2021, a compound +60.6%/yr. Reported net income was −52.1M SEK in FY2025.
Key figures
Market cap 392M SEK (≈ $39.5M) · P/S ratio 0.16 · EPS (TTM) kr −0.0100 · Net margin −2.4% · Return on equity −127% · Return on assets (EBIT) −62.3% · Operating margin −2.1% · Revenue (TTM) 2.5B SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at −27%, K33 screens richer than that median.
Fair Value models
Bear kr 0.0168Fair Value kr 0.0168Bull kr 0.0168
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.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+130.7%
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.
+97.4%
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.
+308.6%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
−1,109.1% (2020) → −2.4% (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
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.Capital Markets · 458 stocks
Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside−26% · Below median
Profitability
Return on assets−51% · Bottom 25%
Net margin (TTM)−3% · Bottom 25%
Operating margin (TTM)−2% · Bottom 25%
Growth and dividend
Revenue growth64% · Top 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/B0.27× · Cheapest 25%
P/S (TTM)0.02× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)100· sector 85
PAST (return on equity)0· sector 30
HEALTH (low debt)100· sector 94
DIVIDEND (yield)0· sector 41
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). "K33 AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/K33
Frequently asked questions
Is K33 AB (publ) (K33) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 0.0168 versus a price of kr 0.0230, about −27% upside (overvalued).
What is the fair value of K33?
Our model-based fair value for K33 AB (publ) is kr 0.0168 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 0.0230.
What is the quality score of K33?
K33 AB (publ) has a Quality Score of 22/100. 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 K33 AB (publ) (K33)?
Our model-based price target is the fair value of kr 0.0168 (as of Sep 24, 2026) from 2 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the K33 AB (publ) stock forecast for 2026?
Our models put fair value at kr 0.0168, about −27% upside versus a price of kr 0.0230 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of K33 AB (publ) (K33)?
K33 AB (publ) reported trailing-twelve-month revenue of about 2.5B SEK (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of K33 AB (publ) (K33)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For K33 AB (publ) it is kr 0.0168 per share (as of Sep 24, 2026), against a price of kr 0.0230. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is K33 AB (publ) stock overvalued or undervalued in 2026?
As of Sep 24, 2026, K33 trades above its calculated fair value: price kr 0.0230, fair value kr 0.0168, a gap of about −27% (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 K33?
No. The price is what the market pays today (kr 0.0230); the fair value is what the company's own numbers justify (kr 0.0168). For K33 AB (publ) the two are kr 0.0062 per share apart. That gap is exactly why we show both numbers side by side.
How much is K33 AB (publ) worth?
The market values K33 AB (publ) at about 392M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 0.0230; our models calculate a fair value of kr 0.0168 per share.
How solid is the balance sheet of K33 AB (publ) (K33)?
Balance-sheet figures for K33 AB (publ) (as of Sep 24, 2026): return on equity −127.2%. They feed the Quality Score of 22/100, which measures business quality independently of the share price.
How far is K33 from its 52-week high?
K33 AB (publ) trades at kr 0.0230, about 47% below its 52-week high of kr 0.0438 and 23% above the low of kr 0.0187 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.0168 is for.
Which stocks are comparable to K33 AB (publ)?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 K33 AB (publ) stock attractive at the current price?
The data as of Sep 24, 2026: price kr 0.0230, calculated fair value kr 0.0168 (−27%), Quality Score 22/100, from 2 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 K33 calculated?
We run K33 AB (publ) through 2 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 0.0168, 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 13.0 % above its aggregate fair value. K33 AB (publ) 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 K33 AB (publ) (K33)?
The closing price on Sep 24, 2026 was kr 0.0230. Our model-based fair value is kr 0.0168, about −27% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with K33 AB (publ) right now?
The price sits above even our optimistic bull case (kr 0.0168). The favourable scenario is already priced in. Weak quality (22/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of K33 AB (publ)
How large is the market capitalisation of K33 AB (publ) (K33)?
The market capitalisation of K33 AB (publ) is 392M SEK (≈ $39.5M). 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 K33 AB (publ) (K33)?
The price-to-sales ratio of K33 AB (publ) is 0.16 (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 K33 AB (publ) (K33)?
Earnings per share at K33 AB (publ) are kr −0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of K33 AB (publ) (K33)?
The net margin of K33 AB (publ) is −2.4% (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 K33 AB (publ) (K33)?
The return on equity (ROE) of K33 AB (publ) is −127% (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 K33 AB (publ) (K33)?
On an EBIT basis the return on assets of K33 AB (publ) is −62.3% (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 K33 AB (publ) (K33)?
The operating margin of K33 AB (publ) is −2.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at K33 AB (publ) (K33)?
Revenue at K33 AB (publ) is growing +64.4% versus a year earlier (3y avg +97.4%). 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 K33 AB (publ) (K33) generate?
The free cash flow of K33 AB (publ) is −173M 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 cash does K33 AB (publ) (K33) hold?
K33 AB (publ) holds more cash than debt, 6.3M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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