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MoveByBike Europe AB (MBBAB) Fair Value & Analysis

Industrials · SE · Market cap 28.1M SEK

ME MoveByBike Europe AB MBBAB · ST
Pricekr 10.20
Fair Valuekr 5.07
Upside-50.3%
Quality28/100
Expensive Growth
Loss-making · -2.9% net margin
High debt · negative free cash flow
Trails peers (3/11)
Narrow moat 1/100
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Evidence: Low Range kr 3.68 – kr 6.47 Share as image

Fair value as of: Aug 2, 2026

From 2 valuation models · updated today

Share price −24.4% over the past month.

Below-average quality, and the price sits another 50% above our fair value.

What matters now

  • The price sits above even our optimistic bull case (kr 6.47). The favourable scenario is already priced in.
  • Weak quality (28/100) 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.
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Price vs Fair Value (5 years)

kr 3,206 kr 5.00 Fair Value kr 5.07 Jun 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range kr 5.00 – kr 3,206 · fair‑value band kr 3.68 – kr 6.47 · the kr 10.20 price screens above the kr 5.07 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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

Analysis

MoveByBike Europe AB (MBBAB) currently trades at kr 10.20, while our model-based Fair Value estimate is kr 5.07, implying the stock looks roughly 50.3% overvalued today. We read business quality at 28/100 (below-average quality), in the Industrials 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: low).

Over the trailing twelve months, MoveByBike Europe AB generated revenue of 36.5M SEK at a net margin of -2.9%. Revenue grew 37.5% year over year. Net debt stands at 1.6M SEK. The stock trades on a trailing P/E of 0.9. Fundamentals as of Aug 2, 2026

Our scenario range runs from kr 3.68 (bear case) to kr 6.47 (bull case); at kr 10.20, the current price sits above that range. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at -50%, MBBAB 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 BearBaseBull Evidence
Highest evidence
EV/EBITDA kr 4.81 kr 6.45 kr 8.09 54
NCAV (Graham) kr 0.0700 kr 0.1000 kr 0.1500 50
All 2 models by family
Multiples
EV/EBITDA kr 4.81 kr 6.45 kr 8.09 54
Asset-Based
NCAV (Graham) kr 0.0700 kr 0.1000 kr 0.1500 50

Widest divergence: Multiples (kr 6.45) versus Asset-Based (kr 0.1000). Highest evidence: EV/EBITDA (54).

Key figures & financial health

Revenue (TTM) 36.5M SEK
Revenue growth (YoY) +37.5%
Net margin -2.9%
Free cash flow −16.0M SEK FY2025
P/E ratio 0.9
Operating margin -57.5%
More key figures
EPS (TTM) kr 11.97
Net debt 1.6M SEK FY2025

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 36 · Market factors (momentum, volatility) 22

Profitability 20
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 20
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 0
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

MoveByBike Europe AB (publ) provides urban logistics with e-cargo bikes in Sweden. The company offers transport services such as parcel and e-commerce deliveries, flower and fragile goods, chilled and temperature controlled deliveries, time critical and same day deliveries, scheduled and recurring routes, and food and grocery deliveries.

Full company description

MoveByBike Europe AB (publ) provides urban logistics with e-cargo bikes in Sweden. The company offers transport services such as parcel and e-commerce deliveries, flower and fragile goods, chilled and temperature controlled deliveries, time critical and same day deliveries, scheduled and recurring routes, and food and grocery deliveries. It also provides advertising services, which includes passive exposure, active campaigns, custom built vehicles, and sampling and activation. MoveByBike Europe AB (publ) was founded in 2012 and is headquartered in Malmö, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MoveByBike Europe AB reported revenue of kr 33.9M in FY2025 versus kr 26.2M in FY2021, a compound +6.6%/yr. Reported net income was −kr 1.6M in FY2025.

Growth Quality 23/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
33.9M SEK
Latest YoY
+63.2%
Avg. growth/yr (3Y)
+26.6%
Avg. growth/yr (5Y)
+5.1%
Avg. growth/yr (6Y)
+7.8%
Revenue +6.6%/yr
FY21 kr 26.2M
FY22 kr 16.7M
FY23 kr 20.0M
FY24 kr 20.8M
FY25 kr 33.9M
Net income
FY21 −kr 8.8M
FY22 −kr 12.1M
FY23 −kr 35.3M
FY24 −kr 58.2M
FY25 −kr 1.6M

MBBAB sits 50% above fair value. Compare with United Parcel Service, Inc →

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Cite: Fair Value Calculator (2026). "MoveByBike Europe AB Fair Value". https://www.fairvalue-calculator.com/stock/MBBAB

Peer Group

Integrated Freight & Logistics · 220 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 32 · Bottom 25%
Fair Value upside −50% · Bottom 25%
Return on assets -75% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -58% · Bottom 25%
Revenue growth 38% · Top 25%
Debt / equity 3.39× · Higher than 75% of peers

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 0.9× · Cheaper than 75% of peers
P/B 7.24× · Pricier than 75% of peers
P/S (TTM) 0.08× · Cheaper than 75% of peers

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 0 / 44
FUTURE 100 / 8
PAST 0 / 26
HEALTH 0 / 93
DIVIDEND 0 / 55

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is MoveByBike Europe AB (MBBAB) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of kr 5.07 versus a price of kr 10.20, about −50% (overvalued).
What is the fair value of MBBAB?
Our model-based fair value for MoveByBike Europe AB is kr 5.07 (as of Aug 2, 2026), built from audited fundamentals. The current price is kr 10.20.
What is the quality score of MBBAB?
MoveByBike Europe AB has a Quality Score of 28/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of MoveByBike Europe AB (MBBAB)?
MoveByBike Europe AB reported trailing-twelve-month revenue of about 36.5M SEK (latest available figure, as of Aug 2, 2026).
What is the net profit margin of MBBAB?
The net profit margin of MoveByBike Europe AB is about -2.9%, meaning it is currently running at a net loss. 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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