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Lasernet Group (LASER) Fair Value & Analysis

Technology · SE · Market cap 856M SEK

LG Lasernet Group LASER · ST
Pricekr 29.60
Fair Valuekr 45.65
Upside+54.2%
Quality65/100
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Weak Growth
Low debt · generates free cash flow
Ranks above peers (10/13)
Narrow moat 40/100
Evidence: High Range kr 34.24 – kr 57.06 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated today

Share price −1.0% over the past month.

A solid business, screening 54% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (kr 34.24). The market is more pessimistic than our downside scenario.
  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

kr 42.49 kr 18.60 Fair Value kr 45.65 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range kr 18.60 – kr 42.49 · fair‑value band kr 34.24 – kr 57.06 · the kr 29.60 price screens below the kr 45.65 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Lasernet Group (LASER) currently trades at kr 29.60, while our model-based Fair Value estimate is kr 45.65, implying the stock looks roughly 54.2% undervalued today. The Quality Score stands at 65/100 (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.

Trailing-twelve-month revenue stands at 243M SEK. Revenue declined 0.2% year over year. It earns a return on equity of -6.6%. Net debt stands at 27.7M SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 34.24 (bear case) to kr 57.06 (bull case); at kr 29.60, 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 5% below its 52-week high and 68% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -40% fair-value upside, at 54%, LASER 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.

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 15.07 kr 19.09 kr 25.31 80
Residual Income kr 127.41 kr 214.36 kr 3,896 76
Rev-Margin DCF kr 9.11 kr 11.58 kr 14.79 74
All 22 models by family
DCF Models
FCF DCF kr 14.62 kr 18.86 kr 25.96 38
Owner Earnings kr 140.85 kr 183.42 kr 254.83 31
5Y Revenue Exit kr 9.11 kr 11.21 kr 14.24 39
5Y EBITDA Exit kr 14.65 kr 20.79 kr 28.93 41
5Y P/E Exit kr 177.37 kr 302.16 kr 450.28 38
10Y Revenue Exit kr 11.38 kr 13.06 kr 14.70 36
10Y EBITDA Exit kr 14.55 kr 18.47 kr 22.57 37
10Y P/E Exit kr 104.85 kr 177.34 kr 248.25 35
Earnings-Based
Graham-Dodd kr 114.85 kr 140.37 kr 157.91 54
EPV kr 3.80 kr 4.23 kr 4.58 59
Multiples
P/E Multiple kr 354.67 kr 472.90 kr 591.12 63
P/S Multiple kr 34.24 kr 45.65 kr 57.06 58
P/B Multiple kr 133.58 kr 178.10 kr 222.63 55
EV/EBIT kr 9.57 kr 12.54 kr 15.50 53
EV/EBITDA kr 17.01 kr 22.46 kr 27.90 54
EV/Revenue kr 5.17 kr 7.10 kr 9.03 43
Asset-Based
NCAV (Graham) kr 14.84 kr 19.89 kr 29.68 50
Growth DCF
Growth DCF kr 15.07 kr 19.09 kr 25.31 80
Rev-Margin DCF kr 9.11 kr 11.58 kr 14.79 74
Economic Profit
Residual Income kr 127.41 kr 214.36 kr 3,896 76
ROIC Compounder kr 3.80 kr 4.23 kr 4.58 72
Growth Earnings
Growth-Adj P/E kr 248.08 kr 354.40 kr 460.72 68

Widest divergence: Growth Earnings (kr 354.40) versus Earnings-Based (kr 4.23). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 243M SEK
Revenue growth (YoY) -0.2%
Net margin 204%
Return on equity -6.6%
Free cash flow 50.4M SEK FY2025
Operating margin 19.0%
More key figures
EPS (TTM) kr -0.8100
EPS growth (YoY) +28.0%
Net debt 27.7M SEK FY2022

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 67 · Market factors (momentum, volatility) 65

Profitability 66
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 82
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

Lasernet Group AB provides software and consulting services for capturing, managing, and distributing information in Sweden, Denmark, the rest of Nordic countries, the United Kingdom, Germany, the rest of Europe, North America, and internationally.

Full company description

Lasernet Group AB provides software and consulting services for capturing, managing, and distributing information in Sweden, Denmark, the rest of Nordic countries, the United Kingdom, Germany, the rest of Europe, North America, and internationally. The company offers products that are used to create, store, distribute, automate, relocate, archive, and manage information, data, and metadata. Its products include Lasernet, which allows users to create and distribute documents for various ERP and bank; Lasernet Keep, a digital archive solution; and X-Docs, is a comprehensive, SaaS-based Quality Management System (QMS) created specifically for the life sciences sector, including biotech, medical device, and pharmaceutical organisations. The company also products facilitate document generation, output management, customer communication management, and secure archiving, supporting use cases such as invoicing, payment flows, procurement, regulatory documentation, and logistics documents. The company serves manufacturing, warehousing, retail, field-service, utilities, life science, digital banking, retail banking, loan origination, wealth management, finance and operations, providing solutions that are highly customizable and scalable for small, medium, and large organizations. The company was formerly known as Formpipe Software AB and changed its name to Lasernet Group AB in April 2026. The company was incorporated in 2004 and is headquartered in Stockholm, Sweden.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Lasernet Group reported revenue of kr 243M in FY2025 versus kr 485M in FY2022, a compound −20.5%/yr. Reported net income was kr 495M in FY2025, compounding +283.8%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
243M SEK
Latest YoY
+9.3%
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.
−20.5%
Revenue −20.5%/yr
FY22 kr 485M
FY23 kr 525M
FY24 kr 223M
FY25 kr 243M
Net income +283.8%/yr
FY22 kr 8.8M
FY23 kr 36.9M
FY24 kr 17.1M
FY25 kr 495M

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Cite: Fair Value Calculator (2026). "Lasernet Group Fair Value". https://www.fairvalue-calculator.com/stock/LASER

Peer Group

Software - Application · 713 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 65 · Above median
Fair Value upside +54% · Top 25%
Return on assets 2% · Above median
Operating margin (TTM) 19% · Top 25%
Revenue growth -0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 0.10× · Cheaper than 75% of peers
P/S (TTM) 0.37× · Cheaper than 75% of peers
P/FCF 1.8× · Cheaper than 75% of peers
EV/EBITDA 1.5× · Cheaper than 75% of peers
PEG 1.07× · Cheaper than median

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.

VALUE 100 · sector 4
FUTURE 0 · sector 38
PAST 0 · sector 13
HEALTH 100 · sector 98
DIVIDEND 0 · sector 27

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
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Shopify Inc SHOP C$209.78 C$28.76 -86%
Uber Technologies, Inc UBER $75.36 $43.66 -42%
Salesforce, Inc CRM $193.32 $249.28 +29%
ServiceNow, Inc NOW $124.94 $43.73 -65%
Cadence Design Systems, Inc CDNS $323.13 $112.57 -65%
Beijing Kingsoft Office Software, Inc 688111 ¥254.50 ¥81.23 -68%
Tata Elxsi Limited TATAELXSI ₹3,712 ₹2,519 -32%
Douzone Bizon Co 012510 120,000 KRW 92,181 KRW -23%
KFin Technologies Limited KFINTECH ₹922.00 ₹556.85 -40%

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Frequently asked questions

Is Lasernet Group (LASER) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 45.65 versus a price of kr 29.60, about +54% (undervalued).
What is the fair value of LASER?
Our model-based fair value for Lasernet Group is kr 45.65 (as of Aug 13, 2026), built from audited fundamentals. The current price is kr 29.60.
What is the quality score of LASER?
Lasernet Group has a Quality Score of 65/100. 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 Lasernet Group (LASER)?
Lasernet Group reported trailing-twelve-month revenue of about 243M SEK (latest available figure, as of Aug 13, 2026).

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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