KebNi AB (KEBNI-B) Fair Value & Analysis
Industrials · SE · Market cap 299M SEK (≈ $31.3M) · ISIN SE0012904803
What is KebNi AB really worth?
Below-average quality, and trading another 279% above our fair value of kr 0.2200.
Strengths
Risks
Fair value as of: Aug 30, 2026
From 14 valuation models · updated 6 days ago
Share price −20.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (kr 0.2600). The favourable scenario is already priced in.
- Weak quality (39/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range kr 0.4019 – kr 2.76 · fair‑value band kr 0.1800 – kr 0.2600 · the kr 0.8340 price screens above the kr 0.2200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.
Analysis
KebNi AB (KEBNI-B) currently trades at kr 0.8340, while our model-based Fair Value estimate is kr 0.2200, implying the stock looks roughly 279.1% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of kr 0.5200 per share, and 0 of the 14 models we run sit above the kr 0.8340 price. Bear case: the Earnings-Based group reads lowest at kr 0.1300, and 14 of the 14 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, KebNi AB generated revenue of 114M SEK at a net margin of −9.4%. Revenue declined 57.0% year over year. It earns a return on equity of −17.0%. The balance sheet holds a net cash position of 17.0M SEK. Fundamentals as of Aug 30, 2026
Our scenario range runs from kr 0.1800 (bear case) to kr 0.2600 (bull case); at kr 0.8340, the current price sits above 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 70% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −74%, KEBNI-B screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 14 models by family
Widest divergence: DCF Models (kr 0.5200) versus Earnings-Based (kr 0.1300). Highest evidence: FCF DCF (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 17
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
KebNi AB (publ) develops, produces, and sells products and applications for stabilization, navigation, and satcom worldwide. The company offers SensAItion, an inertial measurement unit/inertial navigation system platform, as well as other tailor sensor solutions.
Full company description
KebNi AB (publ) develops, produces, and sells products and applications for stabilization, navigation, and satcom worldwide. The company offers SensAItion, an inertial measurement unit/inertial navigation system platform, as well as other tailor sensor solutions. It also provides Kebni Gimbal, a military maritime terminal; Kebni SOTM, a low profile on-the-move terminal; and Kebni Satmission, a drive-away terminal. The company serves governmental, military, and commercial organizations. The company was formerly known as Advanced Stabilized Technologies Group AB (publ) and changed its name to KebNi AB (publ) in July 2020. KebNi AB (publ) was incorporated in 2013 and is headquartered in Kista, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
KebNi AB reported revenue of 125M SEK in FY2025 versus 18.3M SEK in FY2021, a compound +61.6%/yr. Reported net income was −237K SEK in FY2025.
KEBNI-B screens 279% overvalued. Compare with General Electric Company →
Peer Group
Aerospace & Defense · 229 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.
Valuation Multiples vs Aerospace & Defense median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| General Electric Company GE | $335.71 | $116.71 | −65% |
| RTX Corporation RTX | $212.08 | $88.37 | −58% |
| Airbus SE AIR | €213.00 | €117.01 | −45% |
| Lockheed Martin Corporation LMT | $565.89 | $419.01 | −26% |
| Howmet Aerospace Inc HWM | $264.85 | $50.43 | −81% |
| General Dynamics Corporation GD | $379.32 | $274.32 | −28% |
| Northrop Grumman Corporation NOC | $545.57 | $356.59 | −35% |
| TransDigm Group TDG | $1,235 | $571.03 | −54% |
| L3Harris Technologies, Inc LHX | $262.82 | $146.55 | −44% |
| Thales S.A HO | €243.70 | €171.13 | −30% |
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