Kentima Holding (KENH) Fair Value & Analysis
Technology · SE · Market cap 76.4M SEK
Fair value as of: Jul 16, 2026
From 24 valuation models · updated 25 days ago
Fair value updated Jul 16, 2026, revised from kr 3.26 to kr 4.07 (+24.8%) since Jun 24, 2026. Share price +11.4% over the past month.
A solid business, screening 49% undervalued on our models.
What matters now
- The rarer combination: high quality (72/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case (kr 3.00). The market is more pessimistic than our downside scenario.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range kr 1.37 – kr 6.00 · fair‑value band kr 3.00 – kr 5.11 · the kr 2.74 price screens below the kr 4.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Kentima Holding (KENH) currently trades at kr 2.74, while our model-based Fair Value estimate is kr 4.07, implying the stock looks roughly 48.5% undervalued today. The Quality Score stands at 72/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Kentima Holding generated revenue of 79.8M SEK at a net margin of 6.4%. Revenue grew 4.6% year over year. It earns a return on equity of 14.8%. Net debt stands at 3.6M SEK. Fundamentals as of Jul 16, 2026
Our scenario range runs from kr 3.00 (bear case) to kr 5.11 (bull case); at kr 2.74, the current price sits below 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 23% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at 49%, KENH 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.
All 24 models by family
Widest divergence: Growth Earnings (kr 4.03) versus Asset-Based (kr 0.8800). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 71 · Market factors (momentum, volatility) 40
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
Kentima Holding AB (publ) develops, manufactures, and sells products for the automation and security sector in Sweden. The company offers WideQuick HMI/SCADA software for creating graphical monitoring systems.
Full company description
Kentima Holding AB (publ) develops, manufactures, and sells products for the automation and security sector in Sweden. The company offers WideQuick HMI/SCADA software for creating graphical monitoring systems. It also provides Ethiris Network Video Recorder (NVR), Network Video Client (NVC), and Network Video Panel (NVP) for video surveillance; NVRN rack solutions; and PSIM software that facilitates integration and communication, as well as presents information in a common user interface. In addition, the company offers building automation systems under WideQuick Building Management System; industrial computers comprising OE panel PCs and box PCs for various industrial applications; industrial touch monitors; and WideQuick HMI panels and boxes, as well as security as a service consisting of Ethiris alarm central services Safe4 and SOS alarm, and Ethiris access services. The company sells its products primarily through distributors and resellers. Kentima Holding AB (publ) was incorporated in 2000 and is based in Staffanstorp, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Kentima Holding reported revenue of kr 73.0M in FY2026 versus kr 59.8M in FY2022, a compound +5.1%/yr. Reported net income was kr 6.3M in FY2026, compounding +20.0%/yr from FY2022.
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Peer Group
Software - Application · 708 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 Software - Application median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SAP SE SAPS | C$12.69 | C$16.26 | +28% |
| Shopify Inc SHOP | C$173.23 | C$20.54 | -88% |
| Uber Technologies, Inc UBER | $72.67 | $51.11 | -30% |
| Salesforce, Inc CRM | $170.77 | $182.10 | +7% |
| ServiceNow, Inc NOW | $107.71 | $33.12 | -69% |
| Cadence Design Systems, Inc CDNS | $384.17 | $80.41 | -79% |
| Snowflake Inc SNOW | $271.87 | $34.04 | -87% |
| Adobe Inc ADBE | $230.61 | $379.48 | +65% |
| Automatic Data Processing, Inc ADP | $241.92 | $177.51 | -27% |
| Intuit Inc INTU | $291.09 | $258.69 | -11% |
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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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