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Paxman AB (PAX) Fair Value & Analysis

Healthcare · SE · Market cap 1.3B SEK

PA Paxman AB PAX · ST
Pricekr 49.30
Fair Valuekr 21.75
Upside-55.9%
Quality95/100
Evidence: Low Range kr 17.47 – kr 26.03

Fair value as of: Jun 24, 2026

From 7 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from kr 6.03 to kr 21.75 (+260.7%) since Jun 23, 2026. Share price −12.2% over the past month.

Price vs Fair Value (12 months)

kr 84.66 kr 44.45 Fair Value kr 21.75 Jun 2025 Jun 2026

12‑month range kr 44.45 – kr 84.66 · fair‑value band kr 17.47 – kr 26.03 · the kr 49.30 price screens above the kr 21.75 fair value. As of Jun 24, 2026.

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Analysis

Paxman AB (PAX) currently trades at kr 49.30, while our model-based Fair Value estimate is kr 21.75 — implying the stock looks roughly 55.9% overvalued today. We read business quality at 95/100 (high quality), in the Healthcare 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, Paxman AB generated revenue of 345M SEK at a net margin of -3.3%. Revenue grew 30.7% year over year. It earns a return on equity of -3.3%. The balance sheet holds a net cash position of 108M SEK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 345M SEK
Revenue growth (YoY) +30.7%
Net margin -3.3%
Return on equity -3.3%
Free cash flow −8.5M SEK FY2025
Operating margin 0.2%
More key figures
EPS (TTM) kr -0.4700
EPS growth (YoY) -78.1%
Net cash 108M SEK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Paxman AB (publ), together with its subsidiaries, provides cryotherapy solutions in the United Kingdom, Europe, North and South America, Oceania, and Asia. The company offers Paxman scalp cooling system, a mechanized form of scalp cooling for the prevention of chemotherapy-induced alopecia. It also engages in the development of a medical cryocompression device for the prevention of chemotherapy-induced peripheral neuropathy. The company was founded in 1996 and is based in Karlshamn, Sweden.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Paxman AB reported revenue of kr 313M in FY2025 versus kr 96.2M in FY2021, a compound +34.3%/yr. Reported net income was −kr 16.7M in FY2025.

Revenue +34.3%/yr
FY21 kr 96.2M
FY22 kr 157M
FY23 kr 210M
FY24 kr 253M
FY25 kr 313M
Net income
FY21 −kr 12.8M
FY22 −kr 10.3M
FY23 kr 8.3M
FY24 kr 40.2M
FY25 −kr 16.7M

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Similar stocks

6 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT 1,600 MXN 82.40 MXN -95%
Stryker Corporation S1YK34 R$79.18 R$43.78 -45%
Medtronic plc MDT $80.25 $74.40 -7%
Boston Scientific Corporation B1SX34 R$247.01 R$234.82 -5%
Edwards Lifesciences Corporation EW $85.88 $41.02 -52%
Siemens Healthineers AG SEMHF $39.95 $44.36 +11%

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Frequently asked questions

Is Paxman AB (PAX) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 21.75 versus a price of kr 49.30 — about −56% (overvalued). Model-based estimate, not financial advice.
What is the fair value of PAX?
Our 21-model fair value for Paxman AB is kr 21.75 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 49.30.
What is the quality score of PAX?
Paxman AB has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Paxman AB (PAX)?
Paxman AB reported trailing-twelve-month revenue of about 345M SEK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of PAX?
The net profit margin of Paxman AB is about -3.3%, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.