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Perpetua Medical AB (PERP-B) Fair Value & Analysis

Healthcare · Market cap 31.4M SEK (≈ $3.3M) · ISIN SE0022726311

What is Perpetua Medical AB really worth?

PM Perpetua Medical AB PERP-B · ST
Pricekr 2.75
Fair Valuekr 4.87
Upside+77.1%
Quality41/100

Below-average quality, trading 44% below our fair value of kr 4.87.

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Strengths

Solidly profitable · 10.4% net margin

Risks

!Mixed Growth (revenue 5y +50.3 %/yr)
!Low debt · negative free cash flow
!Mixed vs. peers (7/12)
!Narrow moat 27/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range kr 3.65 – kr 6.09

Fair value as of: Aug 28, 2026

From 15 valuation models · updated 8 days ago

Share price −18.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (kr 3.65). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

kr 238.34 kr 0.6912 Fair Value kr 4.87 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range kr 0.6912 – kr 238.34 · fair‑value band kr 3.65 – kr 6.09 · the kr 2.75 price screens below the kr 4.87 fair value. Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

Perpetua Medical AB (PERP-B) currently trades at kr 2.75, while our model-based Fair Value estimate is kr 4.87, implying the stock looks roughly 43.5% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Healthcare sector. Bull case: the Growth Earnings group reads highest at a median of kr 13.31 per share, and 11 of the 15 models we run sit above the kr 2.75 price. Bear case: the Asset-Based group reads lowest at kr 1.55, and 4 of the 15 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Perpetua Medical AB generated revenue of 14.6M SEK at a net margin of 16.8%. Revenue grew 23.8% year over year. It earns a return on equity of 5.8%. The balance sheet holds a net cash position of 4.2M SEK. Fundamentals as of Aug 28, 2026

Our scenario range runs from kr 3.65 (bear case) to kr 6.09 (bull case); at kr 2.75, the current price sits below 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 54% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −34% fair-value upside, at 77%, PERP-B screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 0.3873 per share, which is 8.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
EPV best evidence kr 1.57 kr 1.76 kr 1.91 74
Owner Earnings kr 5.09 kr 9.96 kr 18.45 70
ROIC Compounder kr 1.57 kr 1.76 kr 1.91 70
All 15 models by family
DCF Models
Owner Earnings kr 5.09 kr 9.96 kr 18.45 70
Earnings-Based
Graham-Dodd kr 1.95 kr 13.59 kr 19.07 61
Lynch FV kr 7.02 kr 10.03 kr 13.04 59
PEG = 1.0 kr 7.02 kr 10.03 kr 13.04 55
EPV best evidence kr 1.57 kr 1.76 kr 1.91 74
Multiples
P/E Multiple kr 4.73 kr 6.30 kr 7.88 63
P/S Multiple kr 3.65 kr 4.87 kr 6.09 58
P/B Multiple kr 3.65 kr 4.87 kr 6.09 55
EV/EBIT kr 3.08 kr 4.10 kr 5.11 66
EV/EBITDA kr 5.62 kr 7.48 kr 9.33 67
EV/Revenue kr 2.21 kr 3.14 kr 4.08 53
Asset-Based
NCAV (Graham) kr 1.15 kr 1.55 kr 2.31 54
Economic Profit
Residual Income kr 1.94 kr 2.16 kr 3.04 68
ROIC Compounder kr 1.57 kr 1.76 kr 1.91 70
Growth Earnings
Growth-Adj P/E kr 9.32 kr 13.31 kr 17.31 65

Widest divergence: Growth Earnings (kr 13.31) versus Asset-Based (kr 1.55). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 4.8
P/S ratio 0.81 P/E × margin
EPS (TTM) kr 0.5700 price ÷ EPS = P/E 4.8
Net margin 16.8% FY2025
Return on equity −1.7% TTM
Return on assets (EBIT) −63.0% avg 5y
More key figures
Profitability
Operating margin −57.4% TTM
Growth
Revenue (TTM) 16.3M SEK TTM
Revenue growth (YoY) +54.4% 3y avg +12.9%
Balance sheet & cash flow
Free cash flow −6.5M SEK FY2025
Net cash 4.2M SEK FY2025

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 43 · Market factors (momentum, volatility) 5

Profitability 38
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 75
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Perpetua Medical AB (publ) provides products and solutions for use of injectable drugs in Sweden. The company provides DrugLog, a solution for reducing medication errors in pharmacy; WasteLog, a device that analysis waste and returns of injectable controlled substances; and PrepLog, a DrugLog based technology platform that integrated prescription software …

Full company description

Perpetua Medical AB (publ) provides products and solutions for use of injectable drugs in Sweden. The company provides DrugLog, a solution for reducing medication errors in pharmacy; WasteLog, a device that analysis waste and returns of injectable controlled substances; and PrepLog, a DrugLog based technology platform that integrated prescription software or medication management system for the test of drug preparations. The company formerly known as Pharmacolog i Uppsala AB (publ) and changed its name to Perpetua Medical AB (publ) in April 2024. Perpetua Medical AB (publ) was incorporated in 2007 and is headquartered in Uppsala, Sweden. Perpetua Medical AB (publ) operates as a subsidiary of Nolsterby Invest AB.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Perpetua Medical AB reported revenue of 14.6M SEK in FY2025 versus 8.8M SEK in FY2021, a compound +13.4%/yr. Reported net income was 2.5M SEK in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
14.6M SEK
Latest YoY
+109.8%
Avg. revenue 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.
+12.9%
Avg. revenue 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.
+50.3%
Avg. revenue growth/yr (13Y) 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.
+38.5%
Value creation/yr We only publish this rate when it is defensible. Reason: no profitable base year
not computed
Revenue +13.4%/yr
FY21 8.8M SEK
FY22 10.1M SEK
FY23 9.9M SEK
FY24 6.9M SEK
FY25 14.6M SEK
Net income
FY21 −13.7M SEK
FY22 −19.2M SEK
FY23 −18.3M SEK
FY24 −2.5M SEK
FY25 2.5M SEK

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Cite: Fair Value Calculator (2026). "Perpetua Medical AB Fair Value". https://www.fairvalue-calculator.com/stock/PERP-B

Peer Group

Medical Devices · 352 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 41 · Below median
Fair Value upside +77% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) 10% · Above median
Operating margin (TTM) −57% · Bottom 25%
Revenue growth 54% · Top 25%
Debt / equity 0.20× · Higher than median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 4.8× · Cheaper than 75% of peers
P/B 0.17× · Cheaper than 75% of peers
P/S (TTM) 0.20× · Cheaper than 75% of peers
EV/EBITDA 0.9× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE100 · sector 32
PAST0 · sector 5
HEALTH90 · sector 97
DIVIDEND0 · sector 35

Insider activity: 25/100

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

Similar stocks

10 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $112.47 $74.79 −34%
Stryker Corporation SYK $322.12 $186.28 −42%
Medtronic plc MDT $89.97 $65.57 −27%
Boston Scientific Corporation BSX $46.84 $30.73 −34%
Edwards Lifesciences Corporation EW $89.78 $41.02 −54%
Siemens Healthineers AG SHL €39.52 €33.87 −14%
DexCom, Inc DXCM $90.82 $38.95 −57%
GE HealthCare Technologies Inc GEHC $74.82 $64.13 −14%
Koninklijke Philips N.V PHIA €23.69 €14.36 −39%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥150.63 ¥147.63 −2%

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Frequently asked questions

Is Perpetua Medical AB (PERP-B) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of kr 4.87 versus a price of kr 2.75, about +77% upside (undervalued).
What is the fair value of PERP-B?
Our model-based fair value for Perpetua Medical AB is kr 4.87 (as of Aug 28, 2026), built from audited fundamentals. The current price: kr 2.75.
What is the quality score of PERP-B?
Perpetua Medical AB has a Quality Score of 41/100. 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 Perpetua Medical AB (PERP-B)?
Perpetua Medical AB reported trailing-twelve-month revenue of about 14.6M SEK (latest available figure, as of Aug 28, 2026).
What is the net profit margin of PERP-B?
The net profit margin of Perpetua Medical AB is about 16.8%, meaning it keeps roughly 16.8% of revenue as net income. Based on the latest reported figures.
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