Photocat A/S (PCAT) Fair Value & Analysis
Basic Materials · SE · Market cap 32.4M SEK
Fair value as of: Jul 14, 2026
From 14 valuation models · updated 27 days ago
Fair value updated Jul 14, 2026, revised from kr 2.42 to kr 3.57 (+47.5%) since Jun 24, 2026. Share price −15.3% over the past month.
A solid business, but screening 29% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (kr 4.49). The favourable scenario is already priced in.
- Solid but not exceptional quality (54/100) 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 14, 2026.
How to read this chart
60‑month range kr 2.60 – kr 22.70 · fair‑value band kr 2.50 – kr 4.49 · the kr 5.00 price screens above the kr 3.57 fair value. Dashed = 300-day average. As of Jul 14, 2026.
Analysis
Photocat A/S (PCAT) currently trades at kr 5.00, while our model-based Fair Value estimate is kr 3.57, implying the stock looks roughly 28.6% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Basic Materials 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: medium).
Over the trailing twelve months, Photocat A/S generated revenue of 17.9M SEK at a net margin of 14.5%. Revenue grew 56.4% year over year. It earns a return on equity of 7.8%. Net debt stands at 1.3M SEK. Fundamentals as of Jul 14, 2026
Our scenario range runs from kr 2.50 (bear case) to kr 4.49 (bull case); at kr 5.00, 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 50% below its 52-week high and 92% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -29%, PCAT 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.
All 14 models by family
Widest divergence: Multiples (kr 2.44) versus Economic Profit (kr 1.07). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 39
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
Photocat A/S produces photocatalytic liquids and solutions for building materials and asphalt that reduces harmful matters caused by air pollution worldwide. Its photocatalytic building materials reduces air pollution by using light.
Full company description
Photocat A/S produces photocatalytic liquids and solutions for building materials and asphalt that reduces harmful matters caused by air pollution worldwide. Its photocatalytic building materials reduces air pollution by using light. The company offers NOxOFF, a formulated coating for concrete, bitumen roofing, and asphalt road surfaces; Actifloor, which acts as a giant natural filter for surfaces; Photocat Garden, a concrete impregnation with photocatalytic attributes that helps in reducing air pollutants; and CMA solutions. It also sells products under the ShineOn brand name. Photocat A/S was founded in 2009 and is based in Roskilde, Denmark.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Photocat A/S reported revenue of kr 13.7M in FY2025 versus kr 15.7M in FY2021, a compound −3.3%/yr. Reported net income was kr 859K in FY2025.
PCAT screens 29% overvalued. Compare with Linde plc →
Peer Group
Specialty Chemicals · 673 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 Specialty Chemicals 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.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $489.98 | $222.03 | -55% |
| Nan Ya Plastics Corporation 1303 | 181.50 TWD | 255.83 TWD | +41% |
| Wanhua Chemical Group 600309 | ¥70.04 | ¥68.03 | -3% |
| Novozymes A/S NSISB | kr 428.20 | kr 179.66 | -58% |
| Asian Paints Limited ASIANPAINT | ₹2,689 | ₹668.81 | -75% |
| Solar Industries India Limited SOLARINDS | ₹18,236 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,560 | ₹351.84 | -77% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
| Linde India Limited LINDEINDIA | ₹7,115 | ₹757.93 | -89% |
| Berger Paints India Limited BERGEPAINT | ₹493.70 | ₹164.29 | -67% |
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Frequently asked questions
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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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