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Precio Fishbone AB (PRCO-B) Fair Value & Analysis

Technology · SE · Market cap 167M SEK (≈ $17.5M) · ISIN SE0000141137

What is Precio Fishbone AB really worth?

PF Precio Fishbone AB PRCO-B · ST
Pricekr 18.30
Fair Valuekr 31.68
Upside+73.1%
Quality49/100

Below-average quality, trading 42% below our fair value of kr 31.68.

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Strengths

Solidly profitable · 13.1% net margin
Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −7.6 %/yr)
!Trails peers (4/11)
!Narrow moat 36/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 19 out of 100
!Weak on past: 6 out of 100

For context

·2.73% dividend yield
Evidence: Medium Range kr 23.89 – kr 39.47

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from kr 40.49 to kr 31.68 (−21.8%) since Jul 17, 2026. Share price +1.1% over the past month.

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case (kr 23.89). The market is more pessimistic than our downside scenario.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

kr 39.59 kr 16.90 Fair Value kr 31.68 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range kr 16.90 – kr 39.59 · fair‑value band kr 23.89 – kr 39.47 · the kr 18.30 price screens below the kr 31.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Precio Fishbone AB (PRCO-B) currently trades at kr 18.30, while our model-based Fair Value estimate is kr 31.68, implying the stock looks roughly 42.2% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of kr 120.38 per share, and 17 of the 26 models we run sit above the kr 18.30 price. Bear case: the Dividend Discount group reads lowest at kr 4.99, and 9 of the 26 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Precio Fishbone AB generated revenue of 171M SEK at a net margin of 13.1%. Revenue grew 3.8% year over year. It earns a return on equity of 1.6%. The balance sheet holds a net cash position of 4.8M SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 23.89 (bear case) to kr 39.47 (bull case); at kr 18.30, 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 25% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 69% fair-value upside, at 73%, PRCO-B screens cheaper than that median.

Fair Value models

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
FCF DCF kr 22.29 kr 31.04 kr 56.56 76
Growth DCF kr 20.91 kr 33.44 kr 53.02 75
EPV kr 4.54 kr 5.02 kr 5.41 74
All 26 models by family
DCF Models
FCF DCF kr 22.29 kr 31.04 kr 56.56 76
Owner Earnings kr 18.60 kr 36.04 kr 66.48 70
5Y Revenue Exit kr 12.35 kr 17.86 kr 29.13 69
5Y EBITDA Exit kr 23.35 kr 40.06 kr 72.77 70
5Y P/E Exit kr 40.57 kr 93.89 kr 167.16 65
10Y Revenue Exit kr 15.82 kr 26.82 kr 31.74 65
10Y EBITDA Exit kr 22.88 kr 47.01 kr 88.14 62
10Y P/E Exit kr 33.63 kr 78.60 kr 153.55 58
Earnings-Based
Graham-Dodd kr 16.20 kr 112.95 kr 158.52 61
Lynch FV kr 58.36 kr 83.37 kr 108.38 59
PEG = 1.0 kr 58.36 kr 83.37 kr 108.38 55
EPV kr 4.54 kr 5.02 kr 5.41 74
Dividend Discount
Gordon GGM kr 3.14 kr 5.26 kr 6.83 66
DDM Multi-Stage kr 3.14 kr 4.99 kr 5.66 65
Multiples
P/E Multiple kr 50.02 kr 66.69 kr 83.37 63
P/S Multiple kr 30.37 kr 40.49 kr 50.62 58
P/B Multiple kr 30.37 kr 40.49 kr 50.62 55
EV/EBIT kr 12.23 kr 16.14 kr 20.05 66
EV/EBITDA kr 23.89 kr 31.68 kr 39.47 67
EV/Revenue kr 6.44 kr 8.98 kr 11.52 54
Asset-Based
NCAV (Graham) kr 9.59 kr 12.85 kr 19.17 54
Growth DCF
Growth DCF kr 20.91 kr 33.44 kr 53.02 75
Rev-Margin DCF kr 13.38 kr 20.38 kr 35.22 68
Economic Profit
Residual Income kr 16.07 kr 17.89 kr 26.04 73
ROIC Compounder kr 4.54 kr 5.02 kr 5.41 70
Growth Earnings
Growth-Adj P/E kr 84.27 kr 120.38 kr 156.50 65

Widest divergence: Growth Earnings (kr 120.38) versus Dividend Discount (kr 4.99). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 83.0
P/S ratio 10.7 P/E × margin
EPS (TTM) kr 0.2200 price ÷ EPS = P/E 83.0
Dividend yield 2.7%
Net margin 12.9% FY2025
Return on equity 1.6% TTM
More key figures
Profitability
Return on assets (EBIT) 5.4% avg 5y
Operating margin 5.0% TTM
Growth
Revenue (TTM) 171M SEK TTM
Revenue growth (YoY) +3.8% 3y avg −7.5%
EPS growth (YoY) +128%
Balance sheet & cash flow
Free cash flow 16.8M SEK FY2025
Net cash 4.8M SEK FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 50 · Market factors (momentum, volatility) 39

Profitability 45
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 88
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

Precio Fishbone AB (publ) operates as a consulting and software development company in Sweden, rest of European Union, and internationally.

Full company description

Precio Fishbone AB (publ) operates as a consulting and software development company in Sweden, rest of European Union, and internationally. It offers AI services, automation, and customer attraction and website services; NGO online, a SaaS solution for aid organizations; Optimizely, which create .NET solutions for CMS, e-commerce, and digital marketing; and UiPath, a solution in robotic process automation. The company also provides Microsoft solutions, such as Microsoft 365, Microsoft Accelerated Services, Microsoft Sharepoint, Intranet in Sharepoint, Microsoft Teams, Microsoft Copilot, and Microsoft Power Automate. It serves the public sector, industry, service companies, buildings and properties, non-profit organizations, trading, and defense customers. The company was formerly known as Precio Systemutveckling AB (publ) and changed its name to Precio Fishbone AB (publ) in July 2015. Precio Fishbone AB (publ) was incorporated in 1989 and is based in Örebro, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Precio Fishbone AB reported revenue of 169M SEK in FY2025 versus 249M SEK in FY2021, a compound −9.2%/yr. Reported net income was 21.8M SEK in FY2025, compounding +6.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
169M SEK
Latest YoY
−2.4%
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.
−7.5%
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.
−7.6%
Avg. revenue growth/yr (18Y) 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.
+5.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+6.0% (3.3 + 2.7)
Revenue −9.2%/yr
FY21 249M SEK
FY22 213M SEK
FY23 213M SEK
FY24 173M SEK
FY25 169M SEK
Net income +6.2%/yr
FY21 17.1M SEK
FY22 15.4M SEK
FY23 184M SEK
FY24 7.9M SEK
FY25 21.8M SEK
Character of growth · EPS growth decomposed (2014-2025) +23.0 % p.a.
Revenue per share +115.6 %

of which total revenue +117.2 % · buybacks/dilution −0.8 %

EBIT margin −55.7 %
Tax rate +2.6 %
Residual (interest, one-offs) +25.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Precio Fishbone AB Fair Value". https://www.fairvalue-calculator.com/stock/PRCO-B

Peer Group

Information Technology Services · 488 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 49 · Below median
Fair Value upside +73% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 2% · Below median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 5% · Below median
Revenue growth 4% · Below median
Dividend yield (TTM) 2.7% · Above median
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 83.0× · Pricier than 75% of peers
P/FCF 1.0× · Cheaper than median

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 33
FUTURE19 · sector 30
PAST6 · sector 32
HEALTH97 · sector 97
DIVIDEND55 · sector 35

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.59 $175.76 −25%
Accenture plc ACN $189.61 $334.27 +76%
Tata Consultancy Services Limited TCS ₹2,302 ₹3,473 +51%
Infosys Limited INFY ₹1,156 ₹1,958 +69%
HCL Technologies Limited HCLTECH ₹1,282 ₹1,722 +34%
Fiserv, Inc FI C$5.13 C$8.07 +57%
Wipro Limited WIT $1.83 $3.51 +92%
Fidelity National Information Services, Inc FIS $41.34 $19.28 −53%
Cognizant Technology Solutions Corporation CTSH $64.04 $132.01 +106%
Capgemini SE CAP €109.45 €222.79 +104%

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Frequently asked questions

Is Precio Fishbone AB (PRCO-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 31.68 versus a price of kr 18.30, about +73% upside (undervalued).
What is the fair value of PRCO-B?
Our model-based fair value for Precio Fishbone AB is kr 31.68 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 18.30.
What is the quality score of PRCO-B?
Precio Fishbone AB has a Quality Score of 49/100. 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 Precio Fishbone AB (PRCO-B)?
Precio Fishbone AB reported trailing-twelve-month revenue of about 171M SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of PRCO-B?
The net profit margin of Precio Fishbone AB is about 13.1%, meaning it keeps roughly 13.1% of revenue as net income. Based on the latest reported figures.
Does Precio Fishbone AB pay a dividend?
Precio Fishbone AB currently shows a dividend yield of about 2.73% relative to its recent price (as of Aug 13, 2026).
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