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Medicover AB (MCOV-B) Fair Value & Analysis

Healthcare · SE · Market cap 34.6B SEK

MA Medicover AB MCOV-B · ST
Pricekr 221.00
Fair Valuekr 124.34
Upside-43.7%
Quality51/100
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Evidence: High Range kr 93.25 – kr 155.42 📤 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 5 days ago

Fair value updated Jul 16, 2026, revised from kr 9.94 to kr 124.34 (+1,150.9%) since Jul 5, 2026. Share price +7.3% over the past month.

Price vs Fair Value (12 months)

kr 282.56 kr 180.33 Fair Value kr 124.34 Jul 2025 Jul 2026

12‑month range kr 180.33 – kr 282.56 · fair‑value band kr 93.25 – kr 155.42 · the kr 221.00 price screens above the kr 124.34 fair value. As of Jul 16, 2026.

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Analysis

Medicover AB (MCOV-B) currently trades at kr 221.00, while our model-based Fair Value estimate is kr 124.34, implying the stock looks roughly 43.7% overvalued today. We read business quality at 51/100 (solid quality), in the Healthcare 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).

Over the trailing twelve months, Medicover AB generated revenue of 2.4B SEK at a net margin of 3.3%. Revenue grew 8.0% year over year. It earns a return on equity of 13.9%. Net debt stands at 1.4B SEK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 93.25 (bear case) to kr 155.42 (bull case); at kr 221.00, the current price sits above that range. The share trades about 24% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -19% fair-value upside, at -44%, MCOV-B screens richer than that median.

Key figures & financial health

Revenue (TTM) 2.4B SEK
Revenue growth (YoY) +8.0%
Net margin 3.3%
Return on equity 13.9%
Free cash flow 186M SEK FY2025
P/E ratio 39.2
More key figures
Operating margin 7.5%
EPS (TTM) kr 5.84
Dividend yield 0.1%
EPS growth (YoY) +9.8%
Net debt 1.4B SEK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 16, 2026. TTM = trailing twelve months.

About the company

Medicover AB (publ) provides healthcare and diagnostic services in Poland, Sweden, and internationally. The company operates through two segments: Healthcare Services and Diagnostic Services. Its Healthcare Services include outpatient and inpatient care; dental care, mental health care, orthopedics, preventive plans and sports, and wellness; other services, including non-medical related services, such as sports memberships, benefit cards, and optics, as well as wellness; hospital care; and preventive care services. The company's Diagnostic Services comprise various tests, including allergy and autoimmune diagnostics, bacteriology, parasitology, biochemistry and immunochemistry, blood group diagnostics/transfusion medicine, tumour markers, clinical chemistry, cytology, haematology, histopathology, human genetics, hygiene, immunology and immunochemistry, infectious diseases, microbiology, molecular biology, and pharmacology/toxicology. It serves corporate, individuals, and public …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Medicover AB reported revenue of kr 2.4B in FY2025 versus kr 1.4B in FY2021, a compound +14.6%/yr. Reported net income was kr 77.5M in FY2025, compounding −6.6%/yr from FY2021.

Revenue +14.6%/yr
FY21 kr 1.4B
FY22 kr 1.5B
FY23 kr 1.7B
FY24 kr 2.1B
FY25 kr 2.4B
Net income −6.6%/yr
FY21 kr 102M
FY22 kr 11.8M
FY23 kr 17.6M
FY24 kr 16.7M
FY25 kr 77.5M

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Cite: Fair Value Calculator (2026). "Medicover AB Fair Value". https://www.fairvalue-calculator.com/stock/MCOV-B

Recent news

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Similar stocks

10 more Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc H1CA34 R$100.00 R$25.67 -74%
Fresenius SE FRE €39.54 €31.98 -19%
IHH Healthcare Berhad, an investment holding company, Q0F 2.76 SGD 1.28 SGD -54%
Tenet Healthcare Corporation THC $178.75 $300.86 +68%
Rede D'Or São Luiz S.A RDOR3 R$32.50 R$46.04 +42%
DaVita Inc DVAI34 R$1,002 R$1,038 +4%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,305 ₹2,546 -69%
Fresenius Medical Care AG FME €41.25 €80.11 +94%
Aier Eye Hospital Group 300015 ¥8.54 ¥6.73 -21%
Max Healthcare Institute Limited MAXHEALTH ₹1,010 ₹283.61 -72%

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Frequently asked questions

Is Medicover AB (MCOV-B) undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 124.34 versus a price of kr 221.00, about −44% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MCOV-B?
Our model-based fair value for Medicover AB is kr 124.34 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 221.00.
What is the quality score of MCOV-B?
Medicover AB has a Quality Score of 51/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Medicover AB (MCOV-B)?
Medicover AB reported trailing-twelve-month revenue of about 2.4B SEK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of MCOV-B?
The net profit margin of Medicover AB is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.
Does Medicover AB pay a dividend?
Medicover AB currently shows a dividend yield of about 0.09% relative to its recent price (as of Jul 16, 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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.