Neovici Holding (NEO-B) Fair Value & Analysis
Technology · Market cap 195M SEK (≈ $20.4M) · ISIN SE0016830038
What is Neovici Holding really worth?
Below-average quality, and trading another 171% above our fair value of kr 1.48.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 10 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from kr 1.55 to kr 1.48 (−4.5%) since Jul 20, 2026. Share price +11.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (kr 1.78). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (2 years)
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
26‑month range kr 1.35 – kr 15.40 · fair‑value band kr 1.19 – kr 1.78 · the kr 4.01 price screens above the kr 1.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Neovici Holding (NEO-B) currently trades at kr 4.01, while our model-based Fair Value estimate is kr 1.48, implying the stock looks roughly 170.9% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of kr 1.46 per share, and 0 of the 10 models we run sit above the kr 4.01 price. Bear case: the Asset-Based group reads lowest at kr 0.5800, and 10 of the 10 models stay below the price. Evidence for this calculation is low.
The balance sheet holds a net cash position of 13.7M SEK. Fundamentals as of Aug 13, 2026
Our scenario range runs from kr 1.19 (bear case) to kr 1.78 (bull case); at kr 4.01, the current price sits above 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 57% below its 52-week high and 208% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −38% fair-value upside, at −63%, NEO-B screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 10 models by family
Widest divergence: DCF Models (kr 1.46) versus Asset-Based (kr 0.5800). Highest evidence: FCF DCF (75).
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Key figures & financial health
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 36
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Neovici Holding AB (publ) provides automated financial services through a software-as-a- (SaaS) service model. The company develops, sells, and implements a cloud-based platform for financial automation. It serves companies primarily in the retail, energy, and telco industries in Sweden and internationally.
Full company description
Neovici Holding AB (publ) provides automated financial services through a software-as-a- (SaaS) service model. The company develops, sells, and implements a cloud-based platform for financial automation. It serves companies primarily in the retail, energy, and telco industries in Sweden and internationally. The company was founded in 2009 and is based in Stockholm, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Neovici Holding reported revenue of 132M SEK in FY2025 versus 21.6M SEK in FY2021, a compound +57.3%/yr. Reported net income was −12.9M SEK in FY2025.
NEO-B screens 171% overvalued. Compare with SAP SE →
Peer Group
Software - Application · 691 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.
Valuation Multiples vs Software - Application median · lower = cheaper
Strength profile in five axes (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: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 |
|---|---|---|---|
| SAP SE SAP | €191.32 | €169.59 | −11% |
| Shopify Inc SHOP | C$209.78 | C$28.76 | −86% |
| Uber Technologies, Inc UBER | $78.82 | $43.66 | −45% |
| Salesforce, Inc CRM | $252.05 | $249.28 | −1% |
| ServiceNow, Inc NOW | $138.43 | $43.73 | −68% |
| Cadence Design Systems, Inc CDNS | $340.39 | $112.57 | −67% |
| Snowflake Inc SNOW | $329.11 | $42.27 | −87% |
| Adobe Inc ADBE | $289.15 | $454.04 | +57% |
| Automatic Data Processing, Inc ADP | $284.68 | $177.51 | −38% |
| Intuit Inc INTU | $348.00 | $363.46 | +4% |
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