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Ortoma AB (ORT-B) Fair Value & Analysis

Healthcare · SE · Market cap 400M SEK (≈ $41.8M) · ISIN SE0005676103

What is Ortoma AB really worth?

OA Ortoma AB ORT-B · ST
Pricekr 7.32
Fair Valuekr 1.31
Upside−82.1%
Quality46/100

Below-average quality, and trading another 459% above our fair value of kr 1.31.

As of Aug 13, 2026, the fair value of Ortoma AB is kr 1.31 per share against a price of kr 7.32, so the fair value sits 82% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

generates free cash flow

Risks

!Mixed Growth (revenue YoY +31.6 %/yr)
!Loss-making · -102.2% net margin
!Trails peers (2/10)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range kr 1.06 – kr 1.57

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 23 days ago

Share price +1.5% 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 sits above even our optimistic bull case (kr 1.57). 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 (5 years)

kr 36.40 kr 6.50 Fair Value kr 1.31 Oct 2020 Sep 2026

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

60‑month range kr 6.50 – kr 36.40 · fair‑value band kr 1.06 – kr 1.57 · the kr 7.32 price screens above the kr 1.31 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Ortoma AB (ORT-B) currently trades at kr 7.32, while our model-based Fair Value estimate is kr 1.31, implying the stock looks roughly 458.7% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Healthcare sector. Bull case: the Asset-Based group reads highest at a median of kr 2.12 per share, and 0 of the 7 models we run sit above the kr 7.32 price. Bear case: the Multiples group reads lowest at kr 1.31, and 7 of the 7 models stay below the price. Evidence for this calculation is low.

Trailing-twelve-month revenue stands at 42.9M SEK. Revenue declined 60.2% year over year. It earns a return on equity of −26.5%. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 1.06 (bear case) to kr 1.57 (bull case); at kr 7.32, 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 78% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −34% fair-value upside, at −82%, ORT-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.

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
Highest evidence
FCF DCF best evidence kr 1.35 kr 1.76 kr 2.98 74
Growth DCF kr 1.29 kr 1.90 kr 2.86 72
5Y Revenue Exit kr 1.19 kr 1.69 kr 2.73 66
All 7 models by family
DCF Models
FCF DCF best evidence kr 1.35 kr 1.76 kr 2.98 74
5Y Revenue Exit kr 1.19 kr 1.69 kr 2.73 66
10Y Revenue Exit kr 1.22 kr 2.04 kr 2.54 62
Multiples
EV/Revenue kr 1.06 kr 1.31 kr 1.57 52
Asset-Based
NCAV (Graham) kr 1.58 kr 2.12 kr 3.16 51
Growth DCF
Growth DCF kr 1.29 kr 1.90 kr 2.86 72
Rev-Margin DCF kr 1.24 kr 1.86 kr 3.12 65

Widest divergence: Asset-Based (kr 2.12) versus Multiples (kr 1.31). Highest evidence: FCF DCF (74).

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Key figures & financial health

P/S ratio 8.60 TTM
EPS (TTM) kr −1.16
Net margin −29.7% FY2025
Return on equity −26.5% TTM
Return on assets (EBIT) −7.8% avg 5y
Operating margin −50.6% TTM
More key figures
Growth
Revenue (TTM) 42.6M SEK TTM
Revenue growth (YoY) −60.9%
EPS growth (YoY) −79.5%
Balance sheet & cash flow
Free cash flow 3.0M SEK FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 49 · Market factors (momentum, volatility) 21

Profitability 17
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

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

Ortoma AB (publ) provides orthopedic surgical products in Sweden. It offers Ortoma Treatment Solution (OTS), an orthopedic digital, server-based integrated AI platform designed to optimize patient outcomes through surgical planning, precision surgical navigation, post-operative verification, and follow-up; OTS Plan, a software that processes and assists …

Full company description

Ortoma AB (publ) provides orthopedic surgical products in Sweden. It offers Ortoma Treatment Solution (OTS), an orthopedic digital, server-based integrated AI platform designed to optimize patient outcomes through surgical planning, precision surgical navigation, post-operative verification, and follow-up; OTS Plan, a software that processes and assists surgeons during pre-operative planning and post-operative follow-up; and OTS Guide, an intra-operative navigation tool guiding surgeons to place the implant in the pre-operatively planned position. The company was incorporated in 2001 and is based in Gothenburg, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ortoma AB reported revenue of 64.6M SEK in FY2025 versus 0 SEK in FY2021. Reported net income was −19.2M SEK in FY2025.

Growth Quality 49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
64.6M SEK
Latest YoY
+31.6%
Value creation/yr 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
Revenue
FY21 0 SEK
FY22 0 SEK
FY23 38.1M SEK
FY24 49.1M SEK
FY25 64.6M SEK
Net income
FY21 −10.8M SEK
FY22 −15.8M SEK
FY23 −21.9M SEK
FY24 −11.6M SEK
FY25 −19.2M SEK

ORT-B screens 459% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Ortoma AB Fair Value". https://www.fairvalue-calculator.com/stock/ORT-B

Peer Group

Medical Devices · 352 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.

Quality Score 46 · Below median
Fair Value upside −82% · Bottom 25%
Return on assets −15% · Bottom 25%
Net margin (TTM) −102% · Bottom 25%
Operating margin (TTM) −51% · Bottom 25%
Revenue growth −61% · Bottom 25%

Valuation Multiples vs Medical Devices median · lower = cheaper

P/B 0.29× · Cheaper than 75% of peers
P/S (TTM) 0.98× · Cheaper than median
P/FCF 14.2× · Pricier than median

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 Medical Devices stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $112.47 $74.79 −34%
Stryker Corporation SYK $322.12 $186.28 −42%
Medtronic plc MDT $89.97 $65.57 −27%
Boston Scientific Corporation BSX $46.84 $30.73 −34%
Edwards Lifesciences Corporation EW $89.78 $41.02 −54%
Siemens Healthineers AG SHL €39.52 €33.87 −14%
DexCom, Inc DXCM $90.82 $38.95 −57%
GE HealthCare Technologies Inc GEHC $74.82 $64.13 −14%
Koninklijke Philips N.V PHIA €23.69 €14.36 −39%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥150.63 ¥147.63 −2%

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Frequently asked questions

Is Ortoma AB (ORT-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 1.31 versus a price of kr 7.32, about −82% upside (overvalued).
What is the fair value of ORT-B?
Our model-based fair value for Ortoma AB is kr 1.31 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 7.32.
What is the quality score of ORT-B?
Ortoma AB has a Quality Score of 46/100. 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 revenue of Ortoma AB (ORT-B)?
Ortoma AB reported trailing-twelve-month revenue of about 42.9M SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ORT-B?
The net profit margin of Ortoma AB is about −101.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
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