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OXE Marine AB (OXE) Fair Value & Analysis

Industrials · SE · Market cap 193M SEK

OM OXE Marine AB OXE · ST
Pricekr 0.2220
Fair Valuekr 0.1615
Upside-27.3%
Quality29/100
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Expensive Growth
Loss-making · -50.5% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 9/100
Evidence: Low Range kr 0.1615 – kr 0.2465 Share as image

Fair value as of: Jul 18, 2026

From 1 valuation models · updated 23 days ago

Share price −21.6% over the past month.

Below-average quality, and screening another 27% overvalued on our models.

What matters now

  • Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

kr 2.66 kr 0.1890 Fair Value kr 0.1615 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range kr 0.1890 – kr 2.66 · fair‑value band kr 0.1615 – kr 0.2465 · the kr 0.2220 price screens above the kr 0.1615 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

OXE Marine AB (OXE) currently trades at kr 0.2220, while our model-based Fair Value estimate is kr 0.1615, implying the stock looks roughly 27.3% overvalued today. The Quality Score stands at 29/100 (below-average quality), in the Industrials 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: low).

Over the trailing twelve months, OXE Marine AB generated revenue of 151M SEK at a net margin of -50.5%. Revenue declined 65.5% year over year. It earns a return on equity of -55.3%. Net debt stands at 63.9M SEK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 0.1615 (bear case) to kr 0.2465 (bull case); at kr 0.2220, the current price sits within 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 69% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -27%, OXE screens cheaper 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.

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
NCAV (Graham) kr 0.0900 kr 0.1200 kr 0.1800 50
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.0900 kr 0.1200 kr 0.1800 50

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Key figures & financial health

Revenue (TTM) 151M SEK
Revenue growth (YoY) -65.5%
Net margin -50.5%
Return on equity -55.3%
Free cash flow −73.7M SEK FY2025
Operating margin -129%
More key figures
EPS (TTM) kr -0.0500
Net debt 63.9M SEK FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 31 · Market factors (momentum, volatility) 21

Profitability 9
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 15
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 0
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.

About the company

OXE Marine AB (publ) designs, develops, and distributes diesel outboard engines for the marine market in Sweden and internationally.

Full company description

OXE Marine AB (publ) designs, develops, and distributes diesel outboard engines for the marine market in Sweden and internationally. The company offers OXE diesel outboards, that includes OXE250, OXE225, OXE300, and OXE300 JET-TECH; and accessories, such as marine control, black box rigging kita, OXE controls and displays, steering's, service and tools, oil and coolants, propellers. It offers its engines for direct to market model for access to end-user, dealer, governmental, and OEM networks. The company was formerly known as Cimco Marine AB (publ) and changed its name to OXE Marine AB (publ) in February 2020. OXE Marine AB (publ) was incorporated in 2012 and is headquartered in Helsingborg, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

OXE Marine AB reported revenue of kr 184M in FY2025 versus kr 99.8M in FY2021, a compound +16.5%/yr. Reported net income was −kr 61.6M in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
184M SEK
Latest YoY
+5.9%
Avg. growth/yr (3Y) 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.
+7.4%
Avg. growth/yr (5Y) 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.
+35.9%
Avg. growth/yr (11Y) 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.
+89.6%
Revenue +16.5%/yr
FY21 kr 99.8M
FY22 kr 148M
FY23 kr 190M
FY24 kr 174M
FY25 kr 184M
Net income
FY21 −kr 81.3M
FY22 −kr 110M
FY23 −kr 116M
FY24 −kr 97.9M
FY25 −kr 61.6M

OXE screens 27% overvalued. Compare with General Electric Company →

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Cite: Fair Value Calculator (2026). "OXE Marine AB Fair Value". https://www.fairvalue-calculator.com/stock/OXE

Peer Group

Aerospace & Defense · 226 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 31 · Bottom 25%
Fair Value upside −27% · Top 25%
Return on assets -16% · Bottom 25%
Net margin (TTM) -51% · Bottom 25%
Operating margin (TTM) -129% · Bottom 25%
Revenue growth -66% · Bottom 25%
Debt / equity 0.35× · Higher than median

Valuation Multiples vs Aerospace & Defense median · lower = cheaper

P/B 0.17× · Cheaper than 75% of peers
P/S (TTM) 0.14× · Cheaper than 75% of peers

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 · sector 0
FUTURE 0 · sector 46
PAST 0 · sector 38
HEALTH 82 · sector 94
DIVIDEND 0 · sector 15

VALUE 0: the price sits above our fair-value range.

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

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

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
General Electric Company GE $381.22 $116.71 -69%
RTX Corporation RTX $195.93 $88.37 -55%
Airbus SE 1AIR €213.25 €86.20 -60%
The Boeing Company BA $217.11 $48.20 -78%
China CSSC Holdings 600150 ¥34.31 ¥21.90 -36%
HD Hyundai Heavy Industries Co 329180 466,000 KRW 272,966 KRW -41%
Hanwha Aerospace Co 012450 967,000 KRW 573,468 KRW -41%
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS 337.50 TRY 130.70 TRY -61%
Saab AB SAABB kr 520.40 kr 212.84 -59%
Kongsberg Gruppen ASA KOG kr 277.50 kr 106.93 -61%

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Frequently asked questions

Is OXE Marine AB (OXE) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 0.1615 versus a price of kr 0.2220, about −27% (overvalued).
What is the fair value of OXE?
Our model-based fair value for OXE Marine AB is kr 0.1615 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 0.2220.
What is the quality score of OXE?
OXE Marine AB has a Quality Score of 29/100. 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 OXE Marine AB (OXE)?
OXE Marine AB reported trailing-twelve-month revenue of about 151M SEK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of OXE?
The net profit margin of OXE Marine AB is about -50.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

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