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Kvix AB (Publ) (KVIX) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Kvix AB (Publ) SEK 1.74, price SEK 1.60, upside +9.1%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Technology · SE

KA Thin data Sep 24, 2026

Kvix AB (Publ)

KVIX · ST

NeutralQuality growthThe stock looks roughly fairly valued with average quality.

·Fair value kr 1.74 · Fairly valued (+9%)
✓Quality 72/100
✓Healthy Growth (revenue 5y +110.4 %/yr)
!Thin margins · 4.6% net margin (FY2025)
✓generates free cash flow
!Mixed vs. peers (5/10)
!Narrow moat 15/100
!Insider activity 45/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

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

Price vs Fair Value

kr 6.84 kr 0.0010 Fair Value kr 1.74 Dec 2021 Sep 2026

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

57‑month range kr 0.0010 – kr 6.84 · fair‑value band kr 1.22 – kr 2.26 · the kr 1.60 price screens below the kr 1.74 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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Company profile

Kvix AB (publ) owns and operates a live streaming platform in Sweden. Its live streaming platform allows inspirers to broadcast live yoga, lectures, group workouts, and other wellness activities in real-time. The company was incorporated in 2019 and is based in Umeå, Sweden.

Stock analysis

Kvix AB (Publ) (KVIX) currently trades at kr 1.60, while our model-based Fair Value estimate is kr 1.74, implying the stock looks roughly 8.3% fairly valued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of kr 1.11 per share, and 1 of the 23 models we run sit above the kr 1.60 price.

Bear case: the Multiples group reads lowest at kr 0.2900, and 22 of the 23 models stay below the price. Evidence for this calculation is low.

Scenario range: kr 1.22 (bear) to kr 2.26 (bull), the price of kr 1.60 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 72/100 (solid quality), in the Technology sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Kvix AB (Publ) reported revenue of 12.8M SEK in FY2025 versus 2.2M SEK in FY2021, a compound +55.3%/yr. Reported net income was 593K SEK in FY2025.

Key figures

Market cap 53.3M SEK (≈ $5.4M) · P/S ratio 11.2 · EPS (TTM) kr −2.05 · Net margin 4.6% · Return on equity −119% · Return on assets (EBIT) −182% · Operating margin −410% · Revenue (TTM) 4.7M SEK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 68% below its 52-week high and 156% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at 9%, KVIX screens cheaper than that median.

Fair Value models

Bear kr 1.22 Fair Value kr 1.74 Bull kr 2.26
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.
Highest evidence
FCF DCF kr 0.9500 kr 1.46 kr 3.05 71
Growth DCF kr 0.8900 kr 1.69 kr 2.98 70
EPV kr 0.1300 kr 0.1500 kr 0.1700 68
All 23 models by family
DCF Models
FCF DCF kr 0.9500 kr 1.46 kr 3.05 71
5Y Revenue Exit kr 0.4000 kr 0.5800 kr 0.9300 67
5Y EBITDA Exit kr 0.6700 kr 1.11 kr 1.98 67
5Y P/E Exit kr 0.5400 kr 1.06 kr 1.74 64
10Y Revenue Exit kr 0.5700 kr 0.9700 kr 1.15 63
10Y EBITDA Exit kr 0.7600 kr 1.53 kr 2.81 60
10Y P/E Exit kr 0.6800 kr 1.27 kr 2.19 57
Earnings-Based
Graham-Dodd kr 0.1200 kr 0.8100 kr 1.14 61
Lynch FV kr 0.4200 kr 0.6000 kr 0.7800 59
PEG = 1.0 kr 0.4200 kr 0.6000 kr 0.7800 55
EPV kr 0.1300 kr 0.1500 kr 0.1700 68
Multiples
P/E Multiple kr 0.3600 kr 0.4800 kr 0.6000 63
P/S Multiple kr 0.2200 kr 0.2900 kr 0.3700 58
P/B Multiple kr 0.2200 kr 0.2900 kr 0.3700 55
EV/EBIT kr 0.3200 kr 0.4200 kr 0.5300 63
EV/EBITDA kr 0.5300 kr 0.7100 kr 0.8900 64
EV/Revenue kr 0.1700 kr 0.2300 kr 0.3000 51
Asset-Based
NCAV (Graham) kr 0.0300 kr 0.0400 kr 0.0600 51
Growth DCF
Growth DCF kr 0.8900 kr 1.69 kr 2.98 70
Rev-Margin DCF kr 0.4400 kr 0.6600 kr 1.14 66
Economic Profit
Residual Income kr 0.1200 kr 0.1600 kr 1.25 56
ROIC Compounder kr 0.1800 kr 0.2700 kr 0.3600 67
Growth Earnings
Growth-Adj P/E kr 0.6100 kr 0.8700 kr 1.13 65

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Quality Score breakdown

Overall quality 72/100

Of which business quality 75 · Market factors (momentum, volatility) 27

Profitability 72
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 40
Share count: buybacks or dilution?

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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. 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+549.3%
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.
+87.8%
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.
+110.4%
Start year 2020 (pandemic)
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.
−1,445.8% (2020) → 4.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+6.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +4.6% a year for the price.

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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.Software - Application · 721 stocks

Beats the industry median on 5/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 73 · Top 25%
Fair Value upside +7% · Above median
Profitability
Return on assets −58% · Bottom 25%
Net margin (TTM) 5% · Above median
Growth and dividend
Revenue growth −73% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 2.76× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM) 1.14× · Cheaper than median
P/FCF 2.6× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)45 · sector 27
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)0 · sector 16
HEALTH (low debt)0 · sector 97
DIVIDEND (yield)0 · sector 30

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
SAP SE SAP €184.18 €159.06 −14%
Shopify Inc SHOP $142.34 $64.36 −55%
Uber Technologies, Inc UBER $69.89 $104.82 +50%
Salesforce, Inc CRM $233.28 $344.41 +48%
ServiceNow, Inc NOW $140.78 $154.86 +10%
Cadence Design Systems, Inc CDNS $309.09 $225.14 −27%
Snowflake Inc SNOW $334.81 $75.08 −78%
Datadog, Inc DDOG $251.49 $32.92 −87%
Adobe Inc ADBE $238.25 $454.04 +91%
Automatic Data Processing, Inc ADP $263.68 $177.51 −33%

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Cite: Fair Value Calculator (2026). "Kvix AB (Publ) Fair Value". https://www.fairvalue-calculator.com/stock/KVIX

Frequently asked questions

Is Kvix AB (Publ) (KVIX) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 1.74 versus a price of kr 1.60, about +9% upside (fairly valued).
What is the fair value of KVIX?
Our model-based fair value for Kvix AB (Publ) is kr 1.74 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 1.60.
What is the quality score of KVIX?
Kvix AB (Publ) has a Quality Score of 72/100. 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 Kvix AB (Publ) (KVIX)?
Our model-based price target is the fair value of kr 1.74 (as of Sep 24, 2026) from 23 valuation models. Cautious scenario kr 1.22, optimistic scenario kr 2.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Kvix AB (Publ) stock forecast for 2026?
Our models put fair value at kr 1.74, about +9% upside versus a price of kr 1.60 (fairly valued). Cautious scenario kr 1.22, optimistic scenario kr 2.26. The calculation is refreshed regularly with new filings.
What is the revenue of Kvix AB (Publ) (KVIX)?
Kvix AB (Publ) reported trailing-twelve-month revenue of about 4.7M SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into Kvix AB (Publ) (KVIX)?
For today's price to be fair in a discounted-cash-flow model, Kvix AB (Publ) would have to grow free cash flow by +6.7 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +110.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of KVIX use?
Our models discount Kvix AB (Publ) at 9.5 %: a base by market capitalisation (nano), 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 Kvix AB (Publ) that is +6.7 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Kvix AB (Publ) (KVIX) delivered so far?
Over the past 5 years revenue at Kvix AB (Publ) grew +110.4 % a year. The price currently implies +6.7 % 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 Kvix AB (Publ) (KVIX) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Kvix AB (Publ) (+6.7 % 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 Kvix AB (Publ) (KVIX)?
The free-cash-flow yield on the price is 5.64 %: that much free cash flow Kvix AB (Publ) produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kvix AB (Publ) (KVIX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kvix AB (Publ) it is kr 1.74 per share (as of Sep 24, 2026), against a price of kr 1.60. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Kvix AB (Publ) stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KVIX trades below its calculated fair value: price kr 1.60, fair value kr 1.74, a gap of about +9% (fairly valued). 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 KVIX?
No. The price is what the market pays today (kr 1.60); the fair value is what the company's own numbers justify (kr 1.74). For Kvix AB (Publ) the two are kr 0.1450 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kvix AB (Publ) worth?
The market values Kvix AB (Publ) at about 53.3M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 1.60; our models calculate a fair value of kr 1.74 per share.
What do the bullish and bearish scenarios say about KVIX?
Our models span a range for Kvix AB (Publ): cautious scenario kr 1.22, base kr 1.74, optimistic kr 2.26 per share (as of Sep 24, 2026, price kr 1.60). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Kvix AB (Publ) (KVIX)?
Balance-sheet figures for Kvix AB (Publ) (as of Sep 24, 2026): return on equity −119.4%. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is KVIX from its 52-week high?
Kvix AB (Publ) trades at kr 1.60, about 68% below its 52-week high of kr 4.95 and 156% above the low of kr 0.6220 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 1.74 is for.
Which stocks are comparable to Kvix AB (Publ)?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, 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 Kvix AB (Publ) stock attractive at the current price?
The data as of Sep 24, 2026: price kr 1.60, calculated fair value kr 1.74 (+9%), Quality Score 72/100, from 23 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 KVIX calculated?
We run Kvix AB (Publ) through 23 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 1.74, 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. Kvix AB (Publ) currently trades 9 % below its own fair value, and the market average says nothing about that. 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 Kvix AB (Publ) (KVIX)?
The closing price on Sep 24, 2026 was kr 1.60. Our model-based fair value is kr 1.74, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kvix AB (Publ) right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (kr 1.22 to kr 2.26) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Kvix AB (Publ)

How large is the market capitalisation of Kvix AB (Publ) (KVIX)?
The market capitalisation of Kvix AB (Publ) is 53.3M SEK (≈ $5.4M). 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 Kvix AB (Publ) (KVIX)?
The price-to-sales ratio of Kvix AB (Publ) is 11.2 (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 Kvix AB (Publ) (KVIX)?
Earnings per share at Kvix AB (Publ) are kr −2.05. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kvix AB (Publ) (KVIX)?
The net margin of Kvix AB (Publ) is 4.6% (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 Kvix AB (Publ) (KVIX)?
The return on equity (ROE) of Kvix AB (Publ) is −119% (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 Kvix AB (Publ) (KVIX)?
On an EBIT basis the return on assets of Kvix AB (Publ) is −182% (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 Kvix AB (Publ) (KVIX)?
The operating margin of Kvix AB (Publ) is −410% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kvix AB (Publ) (KVIX)?
Revenue at Kvix AB (Publ) is growing −73.2% versus a year earlier (3y avg +87.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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