EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Keo Capital AB (KEOC) fair value: what the stock is really worth

As of Oct 16, 2026: fair value of Keo Capital AB SEK 2.37, price SEK 8.63, upside -72.5%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Technology · SE

KC Keo Capital AB logo Thin data Oct 9, 2026

Keo Capital AB

KEOC · ST

Weakest SetupStrongly overvalued and low quality.

Our calculation puts a fair price 73% below what the stock costs today.

Low debt
Quality 41/100
Fair value kr 2.37 · Strongly overvalued (−72.5%)
Weak Growth (revenue YoY −57.6 %/yr in USD)
Negative free cash flow
Trails peers (0/7)
Narrow moat 6/100 · thin data
Thin data
⚠ Dilution
Watch Keo Capital AB for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 11.80 kr 7.03 Fair Value kr 2.37 May 2026 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 9, 2026.

How to read this chart

5‑month range kr 7.03 – kr 11.80 · fair‑value band kr 1.56 – kr 2.97 · the kr 8.63 price screens above the kr 2.37 fair value. As of Oct 9, 2026.

Follow Keo Capital in your weekly email

Every Wednesday you see whether Keo Capital is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Keo Capital AB (publ), a fintech company, operates a digital credit platform focused on B2B payments and embedded working capital solutions in Mexico, Brazil, Canada, and Latin America.

Show moreShow less

It operates a unified digital ecosystem that enables buyers and suppliers to interact through complementary solutions designed to improve liquidity, security, transparency, and efficiency in corporate payables and expense management.

The company also offers digital B2B payment platforms, such as WorKEO that enable flexible payment terms and optimize working capital cycles, as well as proprietary technology and card issuer services supporting cross-border payments and credit underwriting.

In addition, the company is involved in the oil related business. It serves corporate and mid-market customers. The company was formerly known as Maha Capital AB (publ) and changed its name to Keo Capital AB (publ) in June 2026.

Keo Capital AB (publ)was founded in 2013 and is headquartered in Stockholm, Sweden.

Stock analysis

Keo Capital AB (KEOC) currently trades at kr 8.63, while our model-based Fair Value estimate is kr 2.37, 72.5% below the price, so the stock looks overvalued today.

Show more

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 92/100, which puts the data coverage at low.

Scenario range: kr 1.56 (bear) to kr 2.97 (bull), the price of kr 8.63 sits above 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 41/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is weak, negative or inconsistent.

Keo Capital AB reported revenue of $0 in FY2025 versus $12.3M in FY2022. Reported net income was −$24.7M in FY2025.

Key figures

Market cap 3.0B SEK (≈ $305M) · EPS (TTM) kr −1.80 · Return on equity −27.3% · Return on assets (EBIT) −6.4% · Operating margin −2,965% · Revenue (TTM) 1.6M SEK · Free cash flow −$4.3M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).

What moves the price

For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at −73%, KEOC screens richer than that median.

Fair Value models

Bear kr 1.56 Fair Value kr 2.37 Bull kr 2.97
Price kr 8.63 · Upside -72.5%
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham) kr 1.40 kr 1.87 kr 2.80 54
All 1 models by family
Asset-Based
NCAV (Graham) kr 1.40 kr 1.87 kr 2.80 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 41/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 70
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 98
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Momentum 16
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 12
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue growth is weak, negative or inconsistent.
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
not computed

KEOC screens overvalued: fair value 73% below the price. Compare with SAP SE →

Compare Keo Capital AB with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Software - Application · 643 stocks

Beats the industry median on 0/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 41 · Bottom 25%
Fair Value upside −72.5% · Bottom 25%
Profitability
Return on assets −21.4% · Bottom 25%
Growth and dividend
Revenue growth 0.0% · Below median
Balance sheet
Debt / equity 0.16× · Above median

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 3.09× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)0 · sector 41
PAST (return on equity)0 · sector 19
HEALTH (low debt)92 · sector 97
DIVIDEND (yield)0 · sector 32

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Adobe Inc ADBE $240.68 $454.04 +89% vs KEOC
Salesforce, Inc CRM $235.95 $342.73 +45% vs KEOC
Uber Technologies, Inc UBER $71.50 $103.69 +45% vs KEOC
ServiceNow, Inc NOW $138.61 $152.47 +10% vs KEOC
SAP SE SAP €196.94 €172.46 −12% vs KEOC
Cadence Design Systems, Inc CDNS $352.84 $225.48 −36% vs KEOC
Automatic Data Processing, Inc ADP $273.81 $150.01 −45% vs KEOC
Shopify Inc SHOP $170.85 $64.36 −62% vs KEOC
Snowflake Inc SNOW $360.37 $74.36 −79% vs KEOC
Datadog, Inc DDOG $293.26 $32.52 −89% vs KEOC

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

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.

Keo Capital AB · Fair Value
kr 2.37 −73%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Keo Capital AB Fair Value". https://www.fairvalue-calculator.com/stock/KEOC

Frequently asked questions

Is Keo Capital AB (KEOC) overvalued or undervalued?
As of Oct 9, 2026, our model estimates a fair value of kr 2.37 versus a price of kr 8.63, about −73% upside (overvalued).
What is the fair value of KEOC?
Our model-based fair value for Keo Capital AB is kr 2.37 (as of Oct 9, 2026), built from audited fundamentals. The current price: kr 8.63.
What is the quality score of KEOC?
Keo Capital AB has a Quality Score of 41/100. 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 Keo Capital AB (KEOC)?
Our model-based price target is the fair value of kr 2.37 (as of Oct 9, 2026) from 1 valuation models. Cautious scenario kr 1.56, optimistic scenario kr 2.97. It is a calculation from audited fundamentals, not an analyst target.
What is the Keo Capital AB stock forecast for 2026?
Our models put fair value at kr 2.37, about −73% upside versus a price of kr 8.63 (overvalued). Cautious scenario kr 1.56, optimistic scenario kr 2.97. The calculation is refreshed regularly with new filings.
What is the revenue of Keo Capital AB (KEOC)?
Keo Capital AB reported trailing-twelve-month revenue of about 1.6M SEK (latest available figure, as of Oct 9, 2026).
What is the intrinsic value of Keo Capital AB (KEOC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Keo Capital AB it is kr 2.37 per share (as of Oct 9, 2026), against a price of kr 8.63. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Keo Capital AB stock overvalued or undervalued in 2026?
As of Oct 9, 2026, KEOC trades above its calculated fair value: price kr 8.63, fair value kr 2.37, a gap of about −73% (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 KEOC?
No. The price is what the market pays today (kr 8.63); the fair value is what the company's own numbers justify (kr 2.37). For Keo Capital AB the two are kr 6.26 per share apart. That gap is exactly why we show both numbers side by side.
How much is Keo Capital AB worth?
The market values Keo Capital AB at about 3.0B SEK (market capitalisation, as of Oct 9, 2026). Per share that is kr 8.63; our models calculate a fair value of kr 2.37 per share.
What do the bullish and bearish scenarios say about KEOC?
Our models span a range for Keo Capital AB: cautious scenario kr 1.56, base kr 2.37, optimistic kr 2.97 per share (as of Oct 9, 2026, price kr 8.63). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Keo Capital AB (KEOC)?
Balance-sheet figures for Keo Capital AB (as of Oct 9, 2026): return on equity −27.3%, debt of 0.16 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
Which stocks are comparable to Keo Capital AB?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Keo Capital AB stock attractive at the current price?
The data as of Oct 9, 2026: price kr 8.63, calculated fair value kr 2.37 (−73%), Quality Score 41/100, from 1 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 KEOC calculated?
We run Keo Capital AB through 1 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 2.37, 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 14.4 % above its aggregate fair value. Keo Capital 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 Keo Capital AB (KEOC)?
The closing price on Oct 16, 2026 was kr 8.63. Our model-based fair value is kr 2.37, about −73% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Keo Capital AB right now?
The price sits above even our optimistic bull case (kr 2.97). The favourable scenario is already priced in. Weak quality (41/100) 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. A fairly wide model range (kr 1.56 to kr 2.97) leaves room in how you read the outcome.

Key figures of Keo Capital AB

How large is the market capitalisation of Keo Capital AB (KEOC)?
The market capitalisation of Keo Capital AB is 3.0B SEK (≈ $305M). 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 are the earnings per share of Keo Capital AB (KEOC)?
Earnings per share at Keo Capital AB are kr −1.80. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Keo Capital AB (KEOC)?
The return on equity (ROE) of Keo Capital AB is −27.3% (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 Keo Capital AB (KEOC)?
On an EBIT basis the return on assets of Keo Capital AB is −6.4% (avg 4y). 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 Keo Capital AB (KEOC)?
The operating margin of Keo Capital AB is −2,965% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Keo Capital AB (KEOC) generate?
The free cash flow of Keo Capital AB is −$4.3M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
Free · no account needed

Watch Keo Capital AB in the live analysis

One click puts Keo Capital AB on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.