Novotek AB (NTEK-B) Fair Value & Analysis
Technology · SE · Market cap 562M SEK (≈ $58.8M) · ISIN SE0000567752
What is Novotek AB really worth?
A solid business, trading 40% below our fair value of kr 105.82.
Strengths
Risks
For context
Fair value as of: Aug 19, 2026
From 24 valuation models · updated 16 days ago
Share price +8.5% 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 is below even our cautious bear case (kr 71.59). The market is more pessimistic than our downside scenario.
- Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (kr 71.59 to kr 146.69) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.
How to read this chart
60‑month range kr 33.16 – kr 114.66 · fair‑value band kr 71.59 – kr 146.69 · the kr 64.00 price screens below the kr 105.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 19, 2026.
Analysis
Novotek AB (NTEK-B) currently trades at kr 64.00, while our model-based Fair Value estimate is kr 105.82, implying the stock looks roughly 39.5% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of kr 100.98 per share, and 18 of the 24 models we run sit above the kr 64.00 price. Bear case: the Asset-Based group reads lowest at kr 16.88, and 6 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Novotek AB generated revenue of 505M SEK at a net margin of 6.9%. Revenue grew 1.4% year over year. It earns a return on equity of 15.4%. The balance sheet holds a net cash position of 116M SEK. Fundamentals as of Aug 19, 2026
Our scenario range runs from kr 71.59 (bear case) to kr 146.69 (bull case); at kr 64.00, the current price sits below 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 44% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 69% fair-value upside, at 65%, NTEK-B screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 1.02 per share, which is 1.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
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 24 models by family
Widest divergence: Growth Earnings (kr 100.98) versus Asset-Based (kr 16.88). Highest evidence: FCF DCF (82).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 34
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
Novotek AB delivers solutions in the industrial IT and automation areas. The company designs, implements, evolves, and maintains its customers' systems for production management and control. It serves the energy, food, pharmaceuticals, iron, steel, chemistry, petrochemicals, paper, pulp, manufacturing, and water and wastewater industries.
Full company description
Novotek AB delivers solutions in the industrial IT and automation areas. The company designs, implements, evolves, and maintains its customers' systems for production management and control. It serves the energy, food, pharmaceuticals, iron, steel, chemistry, petrochemicals, paper, pulp, manufacturing, and water and wastewater industries. The company is located in Sweden, Norway, Denmark, Finland, Benelux, the United Kingdom, Ireland, Switzerland, Austria, Germany, and France. Novotek AB was incorporated in 1955 and is headquartered in Malmö, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Novotek AB reported revenue of 503M SEK in FY2025 versus 391M SEK in FY2021, a compound +6.5%/yr. Reported net income was 39.1M SEK in FY2025, compounding −0.4%/yr from FY2021.
of which total revenue +9.7 % · buybacks/dilution +0.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Information Technology Services · 488 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 Information Technology Services 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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $235.59 | $175.76 | −25% |
| Accenture plc ACN | $189.61 | $334.27 | +76% |
| Tata Consultancy Services Limited TCS | ₹2,302 | ₹3,473 | +51% |
| Infosys Limited INFY | ₹1,156 | ₹1,958 | +69% |
| HCL Technologies Limited HCLTECH | ₹1,282 | ₹1,722 | +34% |
| Fiserv, Inc FI | C$5.13 | C$8.07 | +57% |
| Wipro Limited WIT | $1.83 | $3.51 | +92% |
| Fidelity National Information Services, Inc FIS | $41.34 | $19.28 | −53% |
| Cognizant Technology Solutions Corporation CTSH | $64.04 | $132.01 | +106% |
| Capgemini SE CAP | €109.45 | €222.79 | +104% |
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