Nexcom AS (NEXCOM) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Nexcom AS DKK 2.73, price DKK 1.85, upside +47.5%, 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 27, 2026.
How to read this chart
60‑month range kr 1.26 – kr 8.90 · fair‑value band kr 2.31 – kr 3.15 · the kr 1.85 price screens below the kr 2.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Nexcom A/S designs and delivers big data-driven and AI-powered software platforms in Denmark.
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Nexcom A/S designs and delivers big data-driven and AI-powered software platforms in Denmark. The company offers RevealCX, an AI quality management tool which turns customer interactions into insights and enables targeted improvements in service quality and performance outcomes; CX-G, an AI workflow automation solution for streamlining operations by automating routine tasks and customer handling; and VIBE, a voice interface booking engine that automates voice interactions with intuitive, conversational interfaces and reduces manual load and improves CX efficiency. It offers agent assists; chat, email, voice, and social media bots; CX analytics; AI generated summary; and quality control, as well as voice assistant and NPS solutions. The company was incorporated in 1997 and is based in Copenhagen, Denmark.
Stock analysis
Nexcom AS (NEXCOM) currently trades at kr 1.85, while our model-based Fair Value estimate is kr 2.73, implying the stock looks roughly 32.2% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 5.16 per share, and 4 of the 5 models we run sit above the kr 1.85 price.
Bear case: the Multiples group reads lowest at kr 1.39, and 1 of the 5 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 2.31 (bear) to kr 3.15 (bull), the price of kr 1.85 sits below 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.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Nexcom AS reported revenue of 7.7M DKK in FY2025 versus 13.4M DKK in FY2021, a compound −12.8%/yr. Reported net income was −16.6M DKK in FY2025.
Key figures
Market cap 46.2M DKK (≈ $7.0M) · P/S ratio 3.88 · EPS (TTM) kr −0.5300 · Net margin −143% · Return on equity −2,202% · Return on assets (EBIT) −54.4% · Operating margin −68.8% · Revenue (TTM) 9.6M DKK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 47% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 48%, NEXCOM screens cheaper than that median.
Fair Value models
Bear kr 2.31Fair Value kr 2.73Bull kr 3.15
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.31/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−22.0%
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.
−0.5%
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.
+1.4%
Start year 2020 (pandemic)
Revenue growth 9 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.
−0.5%
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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.
−12.3% (2020) → −154.6% (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
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−7.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Denmark: IMF forecast 2.1% a year to 2030, 2.0% from 2016 to 2025) that is about −9.6% a year for the price.
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.Software - Application · 709 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside+47.5% · Top 25%
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−33.2% · Bottom 25%
Net margin (TTM)−143.1% · Bottom 25%
Operating margin (TTM)−68.8% · Bottom 25%
Growth and dividend
Revenue growth12.7% · Above median
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Software - Application median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)0.74× · Cheapest 25%
P/FCF1.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)97· sector 27
FUTURE (revenue growth)64· sector 36
PAST (return on equity)0· sector 16
HEALTH (low debt)0· sector 97
DIVIDEND (yield)0· sector 31
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Nexcom AS Fair Value". https://www.fairvalue-calculator.com/stock/NEXCOM
Frequently asked questions
Is Nexcom AS (NEXCOM) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of kr 2.73 versus a price of kr 1.85, about +48% upside (undervalued).
What is the fair value of NEXCOM?
Our model-based fair value for Nexcom AS is kr 2.73 (as of Sep 27, 2026), built from audited fundamentals. The current price: kr 1.85.
What is the quality score of NEXCOM?
Nexcom AS 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 Nexcom AS (NEXCOM)?
Our model-based price target is the fair value of kr 2.73 (as of Sep 27, 2026) from 5 valuation models. Cautious scenario kr 2.31, optimistic scenario kr 3.15. It is a calculation from audited fundamentals, not an analyst target.
What is the Nexcom AS stock forecast for 2026?
Our models put fair value at kr 2.73, about +48% upside versus a price of kr 1.85 (undervalued). Cautious scenario kr 2.31, optimistic scenario kr 3.15. The calculation is refreshed regularly with new filings.
What is the revenue of Nexcom AS (NEXCOM)?
Nexcom AS reported trailing-twelve-month revenue of about 9.6M DKK (latest available figure, as of Sep 27, 2026).
What growth is priced into Nexcom AS (NEXCOM)?
For today's price to be fair in a discounted-cash-flow model, Nexcom AS would have to grow free cash flow by -7.8 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.4 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of NEXCOM use?
Our models discount Nexcom AS at 8.6 %: a base by market capitalisation (nano), damped by beta 0.61, country premium for Denmark. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Nexcom AS that is -7.8 % per year a year over ten years, using the same discount rate (8.6 %) and the same formula as our fair value.
How much growth has Nexcom AS (NEXCOM) delivered so far?
Over the past 5 years revenue at Nexcom AS grew +1.4 % a year. The price currently implies -7.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Nexcom AS (NEXCOM) growing?
The median revenue growth in the sector is +8.5 % a year. That is the yardstick for the growth priced into Nexcom AS (-7.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nexcom AS (NEXCOM)?
The free-cash-flow yield on the price is 15.62 %: that much free cash flow Nexcom AS produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nexcom AS (NEXCOM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nexcom AS it is kr 2.73 per share (as of Sep 27, 2026), against a price of kr 1.85. It is the blended result of 5 valuation models (cash flow, earnings, asset, dividend).
Is Nexcom AS stock overvalued or undervalued in 2026?
As of Sep 27, 2026, NEXCOM trades below its calculated fair value: price kr 1.85, fair value kr 2.73, a gap of about +48% (undervalued). 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 NEXCOM?
No. The price is what the market pays today (kr 1.85); the fair value is what the company's own numbers justify (kr 2.73). For Nexcom AS the two are kr 0.8790 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nexcom AS worth?
The market values Nexcom AS at about 46.2M DKK (market capitalisation, as of Sep 27, 2026). Per share that is kr 1.85; our models calculate a fair value of kr 2.73 per share.
What do the bullish and bearish scenarios say about NEXCOM?
Our models span a range for Nexcom AS: cautious scenario kr 2.31, base kr 2.73, optimistic kr 3.15 per share (as of Sep 27, 2026, price kr 1.85). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nexcom AS (NEXCOM)?
Balance-sheet figures for Nexcom AS (as of Sep 27, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is NEXCOM from its 52-week high?
Nexcom AS trades at kr 1.85, about 46% below its 52-week high of kr 3.40 and 47% above the low of kr 1.26 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of kr 2.73 is for.
Which stocks are comparable to Nexcom AS?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, 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 Nexcom AS stock attractive at the current price?
The data as of Sep 27, 2026: price kr 1.85, calculated fair value kr 2.73 (+48%), Quality Score 30/100, from 5 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 NEXCOM calculated?
We run Nexcom AS through 5 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 2.73, 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 16.1 % above its aggregate fair value. Nexcom AS currently trades 48 % 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 Nexcom AS (NEXCOM)?
The closing price on Sep 25, 2026 was kr 1.85. Our model-based fair value is kr 2.73, about +48% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nexcom AS right now?
The large discount to fair value meets weak quality (30/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (kr 2.31). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Nexcom AS
How large is the market capitalisation of Nexcom AS (NEXCOM)?
The market capitalisation of Nexcom AS is 46.2M DKK (≈ $7.0M). 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 is the P/S ratio of Nexcom AS (NEXCOM)?
The price-to-sales ratio of Nexcom AS is 3.88 (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 Nexcom AS (NEXCOM)?
Earnings per share at Nexcom AS are kr −0.5300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nexcom AS (NEXCOM)?
The net margin of Nexcom AS is −143% (last twelve months). 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 Nexcom AS (NEXCOM)?
The return on equity (ROE) of Nexcom AS is −2,202% (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 Nexcom AS (NEXCOM)?
On an EBIT basis the return on assets of Nexcom AS is −54.4% (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 Nexcom AS (NEXCOM)?
The operating margin of Nexcom AS is −68.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nexcom AS (NEXCOM)?
Revenue at Nexcom AS is growing +12.7% versus a year earlier (3y avg −0.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Nexcom AS (NEXCOM) carry?
The net debt of Nexcom AS is 17.7M DKK (fiscal year 2025, ≈ 2.5 yrs of FCF). 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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