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Minesto AB (MINEST) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Minesto AB stock SEK 1.00, price SEK 0.85, upside +17.9%, quality 34 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Utilities SE · ISIN SE0007578141

MA Minesto AB logo Thin data Nov 10, 2026

Minesto AB

MINEST · ST
Fairly valued, weak quality

The stock costs 15% less than our calculation considers fair.

Low debt
Fair value kr 1.00 · Fairly valued
Quality 34/100
Weak Growth (revenue 5y −70.9 %/yr in SEK)
Negative free cash flow
Trails peers (2/7)
Narrow moat 9/100 · thin data
Thin data
Estimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 21.81 kr 0.5410 Fair Value kr 1.00 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range kr 0.5410 – kr 21.81 · fair‑value band kr 0.7502 – kr 1.25 · the kr 0.8480 price screens below the kr 1.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 10, 2026.

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Company profile

Minesto AB (publ), together with its subsidiaries, operates as a marine energy developer in Sweden, Wales, the Faroe Islands, Northern Ireland, and Taiwan. The company offers kite system turbines, which produces electricity from tidal streams and ocean currents.

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It also provides site development, operations, and maintenance services. Minesto AB (publ) was incorporated in 2007 and is headquartered in Gothenburg, Sweden.

Stock analysis

Minesto AB (MINEST) currently trades at kr 0.8480, while our estimate is kr 1.00, so the stock looks roughly fairly valued today (gap 15.2%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: kr 0.7502 (bear) to kr 1.25 (bull), the price of kr 0.8480 sits inside 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 34/100 (below-average quality), in the Utilities sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Minesto AB reported revenue of 0 SEK in FY2025 versus 38.8M SEK in FY2021. Reported net income was −36.6M SEK in FY2025.

Key figures

Market cap 219M SEK (≈ $22.0M) Micro · EPS (TTM) kr −0.1200 · Return on equity −5.1% · Return on assets (EBIT) −5.2% (5-year average) · Operating margin −48.4% · Revenue (TTM) −735K SEK · Revenue growth (YoY) −4.3% · Free cash flow −65.7M SEK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (low confidence).

What moves the price

The share trades about 62% below its 52-week high and 57% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −52% fair-value upside, at 18%, MINEST screens cheaper than that median.

Fair Value

Bear kr 0.7502 Fair Value kr 1.00 Bull kr 1.25
Price kr 0.8480 · Upside +17.9%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 34/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 35
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 84
Debt, balance sheet and risk of trouble
Investment 45
Does it invest with discipline instead of growing at any price?
Low Volatility 26
How calm the share price moves, does not count
Price momentum 17
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 9
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−80.8%
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.
−87.5%
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.
−70.9%
Revenue growth 11 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.
+15.8%
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.
−354.7% (2019) → −49,793.3% (2024)
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
not computed

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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.Utilities - Renewable · 213 stocks

Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 34 · Below median
Fair Value upside +17.9% · Above median
Profitability
Return on assets −5.6% · Bottom 25%
Operating margin (12 months) −48.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −4.3% · Below median
Balance sheet
Debt / equity 0.00× · Lowest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)57 · sector 15
FUTURE (revenue growth)0 · sector 20
PAST (return on equity)0 · sector 10
HEALTH (low debt)100 · sector 70
DIVIDEND (yield)0 · sector 45

Context: sector, industry, market

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

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
BEP BEP $30.49 $72.13 +137% vs MINEST
SDIC Power Holdings 600886 ¥15.48 ¥17.03 +10% vs MINEST
China Yangtze Power Co 600900 ¥29.48 ¥32.21 +9% vs MINEST
VERBUND AG VER €73.05 €66.45 −9% vs MINEST
Fortum Oyj FORTUM €23.29 €11.12 −52% vs MINEST
Huaneng Lancang River Hydropower Inc 600025 ¥10.82 ¥4.45 −59% vs MINEST
Public Power Corporation PPC €23.60 €6.43 −73% vs MINEST
EDP Renewables, S.A EDPR €13.95 €3.67 −74% vs MINEST
Ørsted A/S ORSTED kr 143.70 kr 33.25 −77% vs MINEST
Adani Green Energy Limited ADANIGREEN ₹1,402 ₹170.50 −88% vs MINEST

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Minesto AB: fair value per Fair Value Calculator

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

Frequently asked questions

Is Minesto AB (MINEST) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is kr 1.00 versus a price of kr 0.8480, about +18% upside (fairly valued).
What is the fair value of MINEST?
Our estimate for Minesto AB is kr 1.00 (as of Nov 10, 2026), built from audited fundamentals. The current price: kr 0.8480.
What is the quality score of MINEST?
Minesto AB has a Quality Score of 34/100. 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 Minesto AB (MINEST)?
Our calculated price target is the estimate of kr 1.00 (as of Nov 10, 2026). Cautious scenario kr 0.7502, optimistic scenario kr 1.25. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Minesto AB stock forecast for 2026?
Our estimate puts fair value at kr 1.00, about +18% upside versus a price of kr 0.8480 (fairly valued). Cautious scenario kr 0.7502, optimistic scenario kr 1.25. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Minesto AB (MINEST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Minesto AB it is kr 1.00 per share (as of Nov 10, 2026), against a price of kr 0.8480.
Is Minesto AB stock overvalued or undervalued in 2026?
As of Nov 10, 2026, MINEST trades below its calculated fair value: price kr 0.8480, fair value kr 1.00, a gap of about +18% (fairly valued). 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 MINEST?
No. The price is what the market pays today (kr 0.8480); the fair value is what the company's own numbers justify (kr 1.00). For Minesto AB the two are kr 0.1522 per share apart. That gap is exactly why we show both numbers side by side.
How much is Minesto AB worth?
The market values Minesto AB at about 219M SEK (market capitalisation, as of Nov 10, 2026). Per share that is kr 0.8480; our models calculate a fair value of kr 1.00 per share.
What do the bullish and bearish scenarios say about MINEST?
Our models span a range for Minesto AB: cautious scenario kr 0.7502, base kr 1.00, optimistic kr 1.25 per share (as of Nov 10, 2026, price kr 0.8480). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Minesto AB (MINEST)?
Balance-sheet figures for Minesto AB (as of Nov 10, 2026): return on equity −5.1%, debt of 0.00 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is MINEST from its 52-week high?
Minesto AB trades at kr 0.8480, about 62% below its 52-week high of kr 2.21 and 57% above the low of kr 0.5410 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of kr 1.00 is for.
Which stocks are comparable to Minesto AB?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, VERBUND AG, 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 Minesto AB stock attractive at the current price?
The data as of Nov 10, 2026: price kr 0.8480, calculated fair value kr 1.00 (+18%), Quality Score 34/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Minesto AB currently trades 15% below its own fair value, and the market average says nothing about that. 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 Minesto AB (MINEST)?
The closing price on Nov 11, 2026 was kr 0.8480. Our estimate is kr 1.00, about +18% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Minesto AB right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of Minesto AB

How large is the market capitalisation of Minesto AB (MINEST)?
The market capitalisation of Minesto AB is 219M SEK (≈ $22.0M). 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 are the earnings per share of Minesto AB (MINEST)?
Earnings per share at Minesto AB are kr −0.1200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Minesto AB (MINEST)?
The return on equity (ROE) of Minesto AB is −5.1% (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 Minesto AB (MINEST)?
On an EBIT basis the return on assets of Minesto AB is −5.2% (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 Minesto AB (MINEST)?
The operating margin of Minesto AB is −48.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does Minesto AB (MINEST) generate?
Minesto AB generates revenue of −735K SEK (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at Minesto AB (MINEST)?
Revenue at Minesto AB is growing −4.3% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Minesto AB (MINEST) generate?
The free cash flow of Minesto AB is −65.7M 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 cash does Minesto AB (MINEST) hold?
Minesto AB holds more cash than debt, 67.1M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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