Midsummer AB (publ) (MIDS) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Midsummer AB (publ) SEK 0.67, price SEK 1.40, upside -52.0%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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
60‑month range kr 0.6900 – kr 11.43 · fair‑value band kr 0.5015 – kr 1.01 · the kr 1.40 price screens above the kr 0.6715 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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Midsummer AB (publ) develops, manufactures, and sells solar panels to industrial and commercial properties, public sector organizations, private individuals, and roof and solar cell installers.
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Midsummer AB (publ) develops, manufactures, and sells solar panels to industrial and commercial properties, public sector organizations, private individuals, and roof and solar cell installers. It offers Midsummer DUO, a ready-made manufacturing system to produce cadmium-free thin-film solar cells; Midsummer UNO, a tool for thin films used for solar cell research; Midsummer SLIM, a solar roof that combines thin solar panels with a seamed sheet metal roof; Midsummer WAVE, a wave-shaped solar panel for roof tiles; and Midsummer BOLD, an ultra-light and flexible solar panel for roofs. It operates in Sweden, Portugal, Italy, rest of European Union, Hong Kong, the United States, and internationally. The company was incorporated in 2004 and is headquartered in Järfälla, Sweden.
Stock analysis
Midsummer AB (publ) (MIDS) currently trades at kr 1.40, while our model-based Fair Value estimate is kr 0.6715, implying the stock looks roughly 108.5% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: kr 0.5015 (bear) to kr 1.01 (bull), the price of kr 1.40 sits above 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 30/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Midsummer AB (publ) reported revenue of 164M SEK in FY2025 versus 94.4M SEK in FY2021, a compound +14.9%/yr. Reported net income was −74.4M SEK in FY2025.
Key figures
Market cap 640M SEK (≈ $64.5M) · P/S ratio 3.00 · EPS (TTM) kr −0.0900 · Net margin −45.3% · Return on equity −15.9% · Return on assets (EBIT) −26.9% · Operating margin 16.9% · Revenue (TTM) 214M SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 82% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −52%, MIDS screens richer than that median.
Fair Value models
Bear kr 0.5015Fair Value kr 0.6715Bull kr 1.01
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.
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.36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+215.5%
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.
+45.5%
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.
+18.0%
Start year 2020 (pandemic). Over 10 years: +18.2% a year
Revenue growth 13 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.
+20.3%
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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.
−77.6% (2020) → −51.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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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.Solar · 113 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score27 · Bottom 25%
Fair Value upside−52% · Below median
Profitability
Return on assets−3% · Below median
Net margin (TTM)−17% · Below median
Operating margin (TTM)17% · Top 25%
Growth and dividend
Revenue growth910% · Top 25%
Balance sheet
Debt / equity1.78× · Highest 25%
Valuation Multiplesvs Solar median · lower = cheaper
P/B0.58× · Cheaper than median
P/S (TTM)0.30× · Cheaper than median
EV/EBITDA11.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)100· sector 0
PAST (return on equity)0· sector 0
HEALTH (low debt)11· sector 81
DIVIDEND (yield)0· sector 30
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Midsummer AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/MIDS
Frequently asked questions
Is Midsummer AB (publ) (MIDS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 0.6715 versus a price of kr 1.40, about −52% upside (overvalued).
What is the fair value of MIDS?
Our model-based fair value for Midsummer AB (publ) is kr 0.6715 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 1.40.
What is the quality score of MIDS?
Midsummer AB (publ) has a Quality Score of 30/100. 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 Midsummer AB (publ) (MIDS)?
Our model-based price target is the fair value of kr 0.6715 (as of Sep 24, 2026) from 1 valuation models. Cautious scenario kr 0.5015, optimistic scenario kr 1.01. It is a calculation from audited fundamentals, not an analyst target.
What is the Midsummer AB (publ) stock forecast for 2026?
Our models put fair value at kr 0.6715, about −52% upside versus a price of kr 1.40 (overvalued). Cautious scenario kr 0.5015, optimistic scenario kr 1.01. The calculation is refreshed regularly with new filings.
What is the revenue of Midsummer AB (publ) (MIDS)?
Midsummer AB (publ) reported trailing-twelve-month revenue of about 214M SEK (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Midsummer AB (publ) (MIDS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Midsummer AB (publ) it is kr 0.6715 per share (as of Sep 24, 2026), against a price of kr 1.40. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Midsummer AB (publ) stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MIDS trades above its calculated fair value: price kr 1.40, fair value kr 0.6715, a gap of about −52% (overvalued). 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 MIDS?
No. The price is what the market pays today (kr 1.40); the fair value is what the company's own numbers justify (kr 0.6715). For Midsummer AB (publ) the two are kr 0.7285 per share apart. That gap is exactly why we show both numbers side by side.
How much is Midsummer AB (publ) worth?
The market values Midsummer AB (publ) at about 640M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 1.40; our models calculate a fair value of kr 0.6715 per share.
What do the bullish and bearish scenarios say about MIDS?
Our models span a range for Midsummer AB (publ): cautious scenario kr 0.5015, base kr 0.6715, optimistic kr 1.01 per share (as of Sep 24, 2026, price kr 1.40). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Midsummer AB (publ) (MIDS)?
Balance-sheet figures for Midsummer AB (publ) (as of Sep 24, 2026): return on equity −15.9%, debt of 1.78 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is MIDS from its 52-week high?
Midsummer AB (publ) trades at kr 1.40, about 50% below its 52-week high of kr 2.81 and 82% above the low of kr 0.7700 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.6715 is for.
Which stocks are comparable to Midsummer AB (publ)?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, 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 Midsummer AB (publ) stock attractive at the current price?
The data as of Sep 24, 2026: price kr 1.40, calculated fair value kr 0.6715 (−52%), Quality Score 30/100, from 1 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 MIDS calculated?
We run Midsummer AB (publ) through 1 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 0.6715, 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 14.0 % above its aggregate fair value. Midsummer AB (publ) itself currently trades above fair value. 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 Midsummer AB (publ) (MIDS)?
The closing price on Sep 24, 2026 was kr 1.40. Our model-based fair value is kr 0.6715, about −52% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Midsummer AB (publ) right now?
The price sits above even our optimistic bull case (kr 1.01). The favourable scenario is already priced in. Weak quality (30/100) 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. A fairly wide model range (kr 0.5015 to kr 1.01) leaves room in how you read the outcome.
Key figures of Midsummer AB (publ)
How large is the market capitalisation of Midsummer AB (publ) (MIDS)?
The market capitalisation of Midsummer AB (publ) is 640M SEK (≈ $64.5M). 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 Midsummer AB (publ) (MIDS)?
The price-to-sales ratio of Midsummer AB (publ) is 3.00 (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 Midsummer AB (publ) (MIDS)?
Earnings per share at Midsummer AB (publ) are kr −0.0900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Midsummer AB (publ) (MIDS)?
The net margin of Midsummer AB (publ) is −45.3% (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 Midsummer AB (publ) (MIDS)?
The return on equity (ROE) of Midsummer AB (publ) is −15.9% (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 Midsummer AB (publ) (MIDS)?
On an EBIT basis the return on assets of Midsummer AB (publ) is −26.9% (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 Midsummer AB (publ) (MIDS)?
The operating margin of Midsummer AB (publ) is 16.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Midsummer AB (publ) (MIDS)?
Revenue at Midsummer AB (publ) is growing +910% versus a year earlier (3y avg +45.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Midsummer AB (publ) (MIDS)?
Earnings per share at Midsummer AB (publ) are growing −91.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Midsummer AB (publ) (MIDS) generate?
The free cash flow of Midsummer AB (publ) is −56.8M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Midsummer AB (publ) (MIDS) carry?
The net debt of Midsummer AB (publ) is 206M SEK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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