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Qlucore AB (QCORE) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Qlucore AB SEK 0.20, price SEK 0.37, upside -45.2%, quality 29 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · SE · ISIN SE0016829824

QA Thin data Sep 27, 2026

Qlucore AB

QCORE · ST

Weakest SetupStrongly overvalued and low quality.

!Fair value kr 0.2000 · Strongly overvalued (−45.2%)
!Quality 29/100
!Weak Growth (revenue 5y −8.6 %/yr)
!Low debt · negative free cash flow
!Trails peers (1/7)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

kr 54.99 kr 0.2660 Fair Value kr 0.2000 Nov 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

59‑month range kr 0.2660 – kr 54.99 · fair‑value band kr 0.1000 – kr 0.2000 · the kr 0.3650 price screens above the kr 0.2000 fair value. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Qlucore AB (publ) offers visualization-based bioinformatics data analysis tools for research and precision diagnostics in Sweden and internationally.

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Qlucore AB (publ) offers visualization-based bioinformatics data analysis tools for research and precision diagnostics in Sweden and internationally. It offers Qlucore Omics Explorer, a bioinformatics software for research in life science, biotech, and plant industries, as well as academia; Qlucore Insights, a software for clinical data analysis; and Qlucore Diagnostics, a software platform for multi-omics companion. The company was incorporated in 2007 and is headquartered in Lund, Sweden.

Stock analysis

Qlucore AB (QCORE) currently trades at kr 0.3650, while our model-based Fair Value estimate is kr 0.2000, 45.2% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: kr 0.1000 (bear) to kr 0.2000 (bull), the price of kr 0.3650 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 29/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Qlucore AB reported revenue of 10.2M SEK in FY2025 versus 12.9M SEK in FY2021, a compound −5.8%/yr. Reported net income was −20.5M SEK in FY2025.

Key figures

Market cap 11.8M SEK (≈ $1.2M) · P/S ratio 0.93 · EPS (TTM) kr −1.22 · Net margin −277% · Return on equity −70.0% · Return on assets (EBIT) −16.9% · Operating margin −87.2% · Revenue (TTM) 12.7M SEK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 37% below its 52-week high and 37% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at −45%, QCORE screens richer than that median.

Fair Value models

Bear kr 0.1000 Fair Value kr 0.2000 Bull kr 0.2000
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
NCAV (Graham) kr 0.6800 kr 0.9100 kr 1.36 54
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.6800 kr 0.9100 kr 1.36 54

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Quality Score breakdown

Overall quality 29/100

Of which business quality 30 · Market factors (momentum, volatility) 35

Profitability 0
Margins and returns on capital today
Quality Growth 9
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 68
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−29.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−10.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−8.6%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−6.1%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
8.8% (2020) → −201.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

QCORE screens overvalued: fair value 45% below the price. Compare with SAP SE →

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Peer Groupⓘ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.Software - Application · 685 stocks

Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 30 · Bottom 25%
Fair Value upside −45.2% · Below median
Profitability
Return on assets −34.2% · Bottom 25%
Operating margin (TTM) −87.2% · Bottom 25%
Growth and dividend
Revenue growth −19.5% · Bottom 25%
Balance sheet
Debt / equity 0.02× · Below median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)0 · sector 42
PAST (return on equity)0 · sector 15
HEALTH (low debt)99 · sector 97
DIVIDEND (yield)0 · sector 32

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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 Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €186.74 €172.46 −8%
Salesforce, Inc CRM $229.57 $342.73 +49%
Shopify Inc SHOP $144.01 $64.36 −55%
ServiceNow, Inc NOW $134.01 $147.41 +10%
Uber Technologies, Inc UBER $69.36 $103.69 +49%
Snowflake Inc SNOW $330.31 $74.36 −77%
Automatic Data Processing, Inc ADP $261.80 $150.01 −43%
Adobe Inc ADBE $239.94 $454.04 +89%
Datadog, Inc DDOG $268.70 $32.52 −88%
Cadence Design Systems, Inc CDNS $326.70 $225.48 −31%

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Qlucore AB · Fair Value
kr 0.2000 −45%Fair Value
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Cite: Fair Value Calculator (2026). "Qlucore AB Fair Value". https://www.fairvalue-calculator.com/stock/QCORE

Frequently asked questions

Is Qlucore AB (QCORE) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of kr 0.2000 versus a price of kr 0.3650, about −45% upside (overvalued).
What is the fair value of QCORE?
Our model-based fair value for Qlucore AB is kr 0.2000 (as of Sep 27, 2026), built from audited fundamentals. The current price: kr 0.3650.
What is the quality score of QCORE?
Qlucore AB has a Quality Score of 29/100. 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 price target for Qlucore AB (QCORE)?
Our model-based price target is the fair value of kr 0.2000 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario kr 0.1000, optimistic scenario kr 0.2000. It is a calculation from audited fundamentals, not an analyst target.
What is the Qlucore AB stock forecast for 2026?
Our models put fair value at kr 0.2000, about −45% upside versus a price of kr 0.3650 (overvalued). Cautious scenario kr 0.1000, optimistic scenario kr 0.2000. The calculation is refreshed regularly with new filings.
What is the revenue of Qlucore AB (QCORE)?
Qlucore AB reported trailing-twelve-month revenue of about 12.7M SEK (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Qlucore AB (QCORE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Qlucore AB it is kr 0.2000 per share (as of Sep 27, 2026), against a price of kr 0.3650. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Qlucore AB stock overvalued or undervalued in 2026?
As of Sep 27, 2026, QCORE trades above its calculated fair value: price kr 0.3650, fair value kr 0.2000, a gap of about −45% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of QCORE?
No. The price is what the market pays today (kr 0.3650); the fair value is what the company's own numbers justify (kr 0.2000). For Qlucore AB the two are kr 0.1650 per share apart. That gap is exactly why we show both numbers side by side.
How much is Qlucore AB worth?
The market values Qlucore AB at about 11.8M SEK (market capitalisation, as of Sep 27, 2026). Per share that is kr 0.3650; our models calculate a fair value of kr 0.2000 per share.
What do the bullish and bearish scenarios say about QCORE?
Our models span a range for Qlucore AB: cautious scenario kr 0.1000, base kr 0.2000, optimistic kr 0.2000 per share (as of Sep 27, 2026, price kr 0.3650). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Qlucore AB (QCORE)?
Balance-sheet figures for Qlucore AB (as of Sep 27, 2026): return on equity −70.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is QCORE from its 52-week high?
Qlucore AB trades at kr 0.3650, about 37% below its 52-week high of kr 0.5780 and 37% above the low of kr 0.2660 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.2000 is for.
Which stocks are comparable to Qlucore AB?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Qlucore AB stock attractive at the current price?
The data as of Sep 27, 2026: price kr 0.3650, calculated fair value kr 0.2000 (−45%), Quality Score 29/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of QCORE calculated?
We run Qlucore AB through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 0.2000, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Qlucore AB itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Qlucore AB (QCORE)?
The closing price on Oct 1, 2026 was kr 0.3650. Our model-based fair value is kr 0.2000, about −45% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Qlucore AB right now?
The price sits above even our optimistic bull case (kr 0.2000). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (kr 0.1000 to kr 0.2000) leaves room in how you read the outcome.

Key figures of Qlucore AB

How large is the market capitalisation of Qlucore AB (QCORE)?
The market capitalisation of Qlucore AB is 11.8M SEK (≈ $1.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Qlucore AB (QCORE)?
The price-to-sales ratio of Qlucore AB is 0.93 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Qlucore AB (QCORE)?
Earnings per share at Qlucore AB are kr −1.22. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Qlucore AB (QCORE)?
The net margin of Qlucore AB is −277% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Qlucore AB (QCORE)?
The return on equity (ROE) of Qlucore AB is −70.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Qlucore AB (QCORE)?
On an EBIT basis the return on assets of Qlucore AB is −16.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Qlucore AB (QCORE)?
The operating margin of Qlucore AB is −87.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Qlucore AB (QCORE)?
Revenue at Qlucore AB is growing −19.5% versus a year earlier (3y avg −10.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Qlucore AB (QCORE) generate?
The free cash flow of Qlucore AB is −22.4M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Qlucore AB (QCORE) hold?
Qlucore AB holds more cash than debt, 3.3M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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