Ovzon AB (OVZON) Fair Value & Analysis

Communication Services · SE · Market cap 4.8B SEK

A solid business, but screening 46% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (kr 26.10). The favourable scenario is already priced in.
• Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range kr 5.33 – kr 69.40 · fair‑value band kr 15.66 – kr 26.10 · the kr 38.48 price screens above the kr 20.88 fair value. Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

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Analysis

Ovzon AB (OVZON) currently trades at kr 38.48, while our model-based Fair Value estimate is kr 20.88, implying the stock looks roughly 45.7% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Ovzon AB generated revenue of 912M SEK at a net margin of 23.1%. Revenue grew 187.9% year over year. It earns a return on equity of 12.2%. Net debt stands at 265M SEK. Fundamentals as of Jul 13, 2026

Our scenario range runs from kr 15.66 (bear case) to kr 26.10 (bull case); at kr 38.48, 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 45% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at -46%, OVZON screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Widest divergence: DCF Models (kr 54.10) versus Economic Profit (kr 10.48). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Ovzon AB (publ) provides mobile satellite communication services in Sweden, Italy, the United Kingdom, the United States, and internationally.

Full company description

Ovzon AB (publ) provides mobile satellite communication services in Sweden, Italy, the United Kingdom, the United States, and internationally. The company offers satellite communication (SATCOM)-as-a-service products comprising Ovzon Orion for command and control, ISR, and sovereign network operations; Ovzon Pegasus for airborne, tactical, and expeditionary operations; Ovzon Hero for high mobility requirements; Ovzon Go for public safety, emergency response, and non-governmental organizations (NGOs); and Ovzon Plus for field operations, short-term deployments, media, and emergency use. It also provides on-the-pause mobile satellite terminals, such as Ovzon T7 and Ovzon T6; on-the-move mobile satellite terminals, including Ovzon P20, Ovzon P30, and Ovzon T8; and internet gateway access, terrestrial backbone connectivity, and customer support and training services. The company's products and services are built on Ovzon 3, its geostationary satellite. It serves the defense, national security, public safety, and maritime industries, as well as governments and NGOs. The company was founded in 2006 and is headquartered in Solna, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ovzon AB reported revenue of kr 735M in FY2025 versus kr 191M in FY2021, a compound +40.0%/yr. Reported net income was kr 137M in FY2025.

OVZON screens 46% overvalued. Compare with China Mobile Limited →

Peer Group

Telecom Services · 252 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 Telecom Services median · lower = cheaper

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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.