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Kvix AB (KVIX) Fair Value & Analysis

Technology · SE · Market cap 53.3M SEK

KA Kvix AB KVIX · ST
Pricekr 1.70
Fair Valuekr 0.3200
Upside-81.1%
Quality72/100
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Healthy Growth
Thin margins · 0.0% net margin
generates free cash flow
Trails peers (3/10)
Narrow moat 15/100
Evidence: High Range kr 0.2400 – kr 0.4000 Share as image

Fair value as of: Jul 19, 2026

From 23 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from kr 0.3700 to kr 0.3200 (−13.5%) since Jul 17, 2026. Share price +4.0% over the past month.

A solid business, but screening 81% overvalued on our models.

What matters now

  • A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (kr 0.4000). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

kr 6.84 kr 0.0010 Fair Value kr 0.3200 Dec 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

56‑month range kr 0.0010 – kr 6.84 · fair‑value band kr 0.2400 – kr 0.4000 · the kr 1.70 price screens above the kr 0.3200 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Kvix AB (KVIX) currently trades at kr 1.70, while our model-based Fair Value estimate is kr 0.3200, implying the stock looks roughly 81.1% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Trailing-twelve-month revenue stands at 4.7M SEK. Revenue declined 73.2% year over year. Fundamentals as of Jul 19, 2026

Our scenario range runs from kr 0.2400 (bear case) to kr 0.4000 (bull case); at kr 1.70, 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 and 191% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -81%, KVIX screens richer 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.

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
Highest evidence
Growth DCF kr 0.6700 kr 1.08 kr 1.72 72
Growth-Adj P/E kr 0.5500 kr 0.7800 kr 1.02 68
Rev-Margin DCF kr 0.4000 kr 0.6000 kr 1.03 67
All 23 models by family
DCF Models
FCF DCF kr 0.7200 kr 1.00 kr 1.83 38
5Y Revenue Exit kr 0.3700 kr 0.5300 kr 0.8400 39
5Y EBITDA Exit kr 0.5100 kr 0.8000 kr 1.38 41
5Y P/E Exit kr 0.4300 kr 0.7800 kr 1.23 38
10Y Revenue Exit kr 0.4900 kr 0.8200 kr 0.9600 36
10Y EBITDA Exit kr 0.5800 kr 1.07 kr 1.87 37
10Y P/E Exit kr 0.5300 kr 0.9300 kr 1.51 35
Earnings-Based
Graham-Dodd kr 0.1200 kr 0.8200 kr 1.15 54
Lynch FV kr 0.4200 kr 0.6100 kr 0.7900 50
PEG = 1.0 kr 0.4200 kr 0.6100 kr 0.7900 46
EPV kr 0.1100 kr 0.1200 kr 0.1300 59
Multiples
P/E Multiple kr 0.2600 kr 0.3500 kr 0.4300 63
P/S Multiple kr 0.2200 kr 0.2900 kr 0.3700 58
P/B Multiple kr 0.1300 kr 0.1700 kr 0.2100 55
EV/EBIT kr 0.2400 kr 0.3200 kr 0.4000 53
EV/EBITDA kr 0.3900 kr 0.5200 kr 0.6500 54
EV/Revenue kr 0.1700 kr 0.2400 kr 0.3000 43
Asset-Based
NCAV (Graham) kr 0.0300 kr 0.0400 kr 0.0600 50
Growth DCF
Growth DCF kr 0.6700 kr 1.08 kr 1.72 72
Rev-Margin DCF kr 0.4000 kr 0.6000 kr 1.03 67
Economic Profit
Residual Income kr 0.0900 kr 0.1300 kr 0.6800 61
ROIC Compounder kr 0.1300 kr 0.1800 kr 0.2300 67
Growth Earnings
Growth-Adj P/E kr 0.5500 kr 0.7800 kr 1.02 68

Widest divergence: DCF Models (kr 0.8200) versus Asset-Based (kr 0.0400). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 4.7M SEK
Revenue growth (YoY) -73.2%
Return on equity -119%
Free cash flow 2.0M SEK FY2025
Operating margin -410%
EPS (TTM) kr -2.05

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 75 · Market factors (momentum, volatility) 60

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 100
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

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

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
12.8M SEK
Latest YoY
+549.3%
Avg. growth/yr (3Y) 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.
+87.8%
Avg. growth/yr (5Y) 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.
+110.4%
Revenue +55.3%/yr
FY21 kr 2.2M
FY22 kr 1.9M
FY23 kr 1.3M
FY24 kr 2.0M
FY25 kr 12.8M
Net income
FY21 −kr 18.2M
FY22 −kr 16.2M
FY23 −kr 15.4M
FY24 −kr 3.9M
FY25 kr 593K

KVIX screens 81% overvalued. Compare with SAP SE →

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

Peer Group

Software - Application · 709 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.

Quality Score 72 · Top 25%
Fair Value upside −81% · Bottom 25%
Return on assets -58% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth -73% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 2.88× · Pricier than median
P/S (TTM) 1.18× · Cheaper than median
P/FCF 2.7× · Cheaper than median

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

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 19, 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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Frequently asked questions

Is Kvix AB (KVIX) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of kr 0.3200 versus a price of kr 1.70, about −81% (overvalued).
What is the fair value of KVIX?
Our model-based fair value for Kvix AB is kr 0.3200 (as of Jul 19, 2026), built from audited fundamentals. The current price is kr 1.70.
What is the quality score of KVIX?
Kvix AB 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 revenue of Kvix AB (KVIX)?
Kvix AB reported trailing-twelve-month revenue of about 4.7M SEK (latest available figure, as of Jul 19, 2026).
What is the net profit margin of KVIX?
The net profit margin of Kvix AB is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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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