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Proact IT Group (PACT) Fair Value & Analysis

Technology · SE · Market cap 3.2B SEK

PI Proact IT Group PACT · ST
Pricekr 125.80
Fair Valuekr 97.17
Upside-22.8%
Quality60/100
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Mixed Growth
Thin margins · 4.0% net margin
Low debt · generates free cash flow
2.13% dividend yield
Ranks above peers (10/15)
Moderate moat 46/100
Evidence: High Range kr 72.87 – kr 121.46 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Share price +3.6% over the past month.

A solid business, but screening 23% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 121.46). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

kr 156.78 kr 55.44 Fair Value kr 97.17 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 55.44 – kr 156.78 · fair‑value band kr 72.87 – kr 121.46 · the kr 125.80 price screens above the kr 97.17 fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Proact IT Group (PACT) currently trades at kr 125.80, while our model-based Fair Value estimate is kr 97.17, implying the stock looks roughly 22.8% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Technology 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, Proact IT Group generated revenue of 4.7B SEK at a net margin of 3.3%. Revenue grew 2.6% year over year. It earns a return on equity of 13.6%. Net debt stands at 20.7M SEK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 72.87 (bear case) to kr 121.46 (bull case); at kr 125.80, 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 13% below its 52-week high and 46% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -23%, PACT 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
Growth DCF kr 155.48 kr 219.51 kr 306.96 80
Residual Income kr 37.42 kr 43.25 kr 79.15 76
Rev-Margin DCF kr 100.35 kr 140.06 kr 186.02 74
All 24 models by family
DCF Models
FCF DCF kr 153.32 kr 225.72 kr 330.90 38
Owner Earnings kr 136.52 kr 200.35 kr 293.06 31
5Y Revenue Exit kr 100.35 kr 138.29 kr 184.75 39
5Y EBITDA Exit kr 146.57 kr 224.22 kr 313.58 41
5Y P/E Exit kr 104.22 kr 145.49 kr 187.54 38
10Y Revenue Exit kr 117.18 kr 155.79 kr 204.42 36
10Y EBITDA Exit kr 147.70 kr 213.93 kr 299.99 37
10Y P/E Exit kr 121.37 kr 160.66 kr 206.48 35
Earnings-Based
Graham-Dodd kr 33.04 kr 99.85 kr 132.41 54
Lynch FV kr 21.29 kr 30.41 kr 39.54 50
PEG = 1.0 kr 21.29 kr 30.41 kr 39.54 46
EPV kr 66.95 kr 75.70 kr 83.25 59
Multiples
P/E Multiple kr 72.87 kr 97.17 kr 121.46 63
P/S Multiple kr 61.94 kr 82.59 kr 103.24 58
P/B Multiple kr 61.94 kr 82.59 kr 103.24 55
EV/EBIT kr 102.96 kr 133.43 kr 163.90 53
EV/EBITDA kr 159.45 kr 208.75 kr 258.05 54
EV/Revenue kr 73.17 kr 99.58 kr 125.98 43
Asset-Based
NCAV (Graham) kr 20.64 kr 27.65 kr 41.27 50
Growth DCF
Growth DCF kr 155.48 kr 219.51 kr 306.96 80
Rev-Margin DCF kr 100.35 kr 140.06 kr 186.02 74
Economic Profit
Residual Income kr 37.42 kr 43.25 kr 79.15 76
ROIC Compounder kr 70.51 kr 84.97 kr 101.40 72
Growth Earnings
Growth-Adj P/E kr 59.96 kr 85.66 kr 111.35 68

Widest divergence: DCF Models (kr 160.66) versus Asset-Based (kr 27.65). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.7B SEK
Revenue growth (YoY) +2.6%
Net margin 3.3%
Return on equity 13.6%
Free cash flow 334M SEK FY2025
P/E ratio 23.6
More key figures
Operating margin 8.1%
EPS (TTM) kr 5.92
Dividend yield 1.8%
EPS growth (YoY) +70.1%
Net debt 20.7M SEK FY2025

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 67

Profitability 45
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 99
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

Proact IT Group AB (publ), together with its subsidiaries, provides data and information management services with cloud services and data center solutions in Sweden, the United Kingdom, the Netherlands, Germany, and internationally.

Full company description

Proact IT Group AB (publ), together with its subsidiaries, provides data and information management services with cloud services and data center solutions in Sweden, the United Kingdom, the Netherlands, Germany, and internationally. The company offers professional services and consulting, cybersecurity, storage, proact hybrid cloud, backup and recovery, support and service management, and network products and services; and operates Kubernetes, a managed container platform. It also provides Industry-specific solutions, including healthcare, insurance, and legal sectors. It serves the public, retail and service, manufacturing, telecom, banking and finance, energy, media, and other sectors. The company has a strategic partnership with Truesec AB. Proact IT Group AB (publ) was incorporated in 1994 and is headquartered in Solna, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Proact IT Group reported revenue of kr 4.7B in FY2025 versus kr 3.5B in FY2021, a compound +7.3%/yr. Reported net income was kr 123M in FY2025, compounding +1.2%/yr from FY2021.

Growth Quality 63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
4.7B SEK
Latest YoY
−3.8%
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.
−0.5%
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.
+5.2%
Avg. growth/yr (25Y) 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.
+8.1%
Revenue +7.3%/yr
FY21 kr 3.5B
FY22 kr 4.8B
FY23 kr 4.8B
FY24 kr 4.9B
FY25 kr 4.7B
Net income +1.2%/yr
FY21 kr 117M
FY22 kr 191M
FY23 kr 173M
FY24 kr 220M
FY25 kr 123M
Character of growth · EPS growth decomposed (2014-2025) +9.9 % p.a.
Revenue per share +7.0 pp

of which total revenue +6.7 pp · buybacks/dilution +0.4 pp

EBIT margin +1.9 pp
Tax rate +1.3 pp
Residual (interest, one-offs) −0.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

PACT screens 23% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "Proact IT Group Fair Value". https://www.fairvalue-calculator.com/stock/PACT

Peer Group

Information Technology Services · 477 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 60 · Above median
Fair Value upside −23% · Below median
Return on equity (TTM) 17% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 10% · Above median
Dividend yield (TTM) 2.1% · Above median
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 16.7× · Cheaper than median
P/B 3.03× · Pricier than median
P/S (TTM) 0.66× · Cheaper than median
P/FCF 1.0× · Cheaper than median
EV/EBITDA 7.2× · Cheaper than median
PEG 1.23× · Pricier than median

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 3 · sector 21
FUTURE 49 · sector 29
PAST 69 · sector 37
HEALTH 92 · sector 97
DIVIDEND 43 · sector 37

Insider activity: 40/100

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

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

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Proact IT Group (PACT) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 97.17 versus a price of kr 125.80, about −23% (overvalued).
What is the fair value of PACT?
Our model-based fair value for Proact IT Group is kr 97.17 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 125.80.
What is the quality score of PACT?
Proact IT Group has a Quality Score of 60/100. 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 Proact IT Group (PACT)?
Proact IT Group reported trailing-twelve-month revenue of about 4.7B SEK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of PACT?
The net profit margin of Proact IT Group is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.
Does Proact IT Group pay a dividend?
Proact IT Group currently shows a dividend yield of about 1.81% relative to its recent price (as of Jul 18, 2026).

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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