Qliro AB (QLIRO) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Qliro AB SEK 2.68, price SEK 15.85, upside -83.1%, quality 20 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
60‑month range kr 12.30 – kr 41.60 · fair‑value band kr 1.77 – kr 3.35 · the kr 15.85 price screens above the kr 2.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
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Qliro AB (publ), a fintech company, provides digital payment solutions to enterprise and SME merchants in Sweden, Finland, Denmark, and Norway. It offers payment solutions for e-merchants to receive payment and for consumers to shop online; Pay Later, an invoice and part-payment services; and personal savings accounts.
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Qliro AB (publ), a fintech company, provides digital payment solutions to enterprise and SME merchants in Sweden, Finland, Denmark, and Norway. It offers payment solutions for e-merchants to receive payment and for consumers to shop online; Pay Later, an invoice and part-payment services; and personal savings accounts. The company was incorporated in 2014 and is headquartered in Stockholm, Sweden.
Stock analysis
Qliro AB (QLIRO) currently trades at kr 15.85, while our model-based Fair Value estimate is kr 2.68, 83.1% 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 1.77 (bear) to kr 3.35 (bull), the price of kr 15.85 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 20/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Qliro AB reported revenue of 517M SEK in FY2025 versus 450M SEK in FY2021, a compound +3.5%/yr. Reported net income was −84.1M SEK in FY2025.
Key figures
Market cap 654M SEK (≈ $65.1M) · P/S ratio 1.85 · EPS (TTM) kr −1.94 · Net margin −16.3% · Return on equity −7.9% · Return on assets (EBIT) −1.8% · Operating margin 0.8% · Revenue (TTM) 353M 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 28% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at −83%, QLIRO screens richer than that median.
Fair Value models
Bear kr 1.77Fair Value kr 2.68Bull kr 3.35
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.
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.8/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.6%
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.
+3.2%
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.
+4.6%
Start year 2020 (pandemic). Over 10 years: +16.7% a year
Revenue growth 10 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.
+16.7%
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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.
−19.7% (2020) → −21.9% (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
Price, fair value, quality and upside side by side.
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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.Credit Services · 329 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score22 · Bottom 25%
Fair Value upside−83.1% · Bottom 25%
Profitability
Return on assets−1.4% · Bottom 25%
Net margin (TTM)−15.7% · Bottom 25%
Operating margin (TTM)0.8% · Bottom 25%
Growth and dividend
Revenue growth39.7% · Top 25%
Balance sheet
Debt / equity4.40× · Highest 25%
Valuation Multiplesvs Credit Services median · lower = cheaper
P/B0.11× · Cheapest 25%
P/S (TTM)0.18× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 53
FUTURE (revenue growth)100· sector 48
PAST (return on equity)0· sector 32
HEALTH (low debt)0· sector 59
DIVIDEND (yield)0· sector 65
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Qliro AB Fair Value". https://www.fairvalue-calculator.com/stock/QLIRO
Frequently asked questions
Is Qliro AB (QLIRO) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of kr 2.68 versus a price of kr 15.85, about −83% upside (overvalued).
What is the fair value of QLIRO?
Our model-based fair value for Qliro AB is kr 2.68 (as of Sep 28, 2026), built from audited fundamentals. The current price: kr 15.85.
What is the quality score of QLIRO?
Qliro AB has a Quality Score of 20/100. 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 Qliro AB (QLIRO)?
Our model-based price target is the fair value of kr 2.68 (as of Sep 28, 2026) from 1 valuation models. Cautious scenario kr 1.77, optimistic scenario kr 3.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Qliro AB stock forecast for 2026?
Our models put fair value at kr 2.68, about −83% upside versus a price of kr 15.85 (overvalued). Cautious scenario kr 1.77, optimistic scenario kr 3.35. The calculation is refreshed regularly with new filings.
What is the revenue of Qliro AB (QLIRO)?
Qliro AB reported trailing-twelve-month revenue of about 353M SEK (latest available figure, as of Sep 28, 2026).
What is the intrinsic value of Qliro AB (QLIRO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Qliro AB it is kr 2.68 per share (as of Sep 28, 2026), against a price of kr 15.85. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Qliro AB stock overvalued or undervalued in 2026?
As of Sep 28, 2026, QLIRO trades above its calculated fair value: price kr 15.85, fair value kr 2.68, a gap of about −83% (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 QLIRO?
No. The price is what the market pays today (kr 15.85); the fair value is what the company's own numbers justify (kr 2.68). For Qliro AB the two are kr 13.17 per share apart. That gap is exactly why we show both numbers side by side.
How much is Qliro AB worth?
The market values Qliro AB at about 654M SEK (market capitalisation, as of Sep 28, 2026). Per share that is kr 15.85; our models calculate a fair value of kr 2.68 per share.
What do the bullish and bearish scenarios say about QLIRO?
Our models span a range for Qliro AB: cautious scenario kr 1.77, base kr 2.68, optimistic kr 3.35 per share (as of Sep 28, 2026, price kr 15.85). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Qliro AB (QLIRO)?
Balance-sheet figures for Qliro AB (as of Sep 28, 2026): return on equity −7.9%, debt of 4.40 per unit of equity. They feed the Quality Score of 20/100, which measures business quality independently of the share price.
How far is QLIRO from its 52-week high?
Qliro AB trades at kr 15.85, about 28% below its 52-week high of kr 21.90 and at the low of kr 15.85 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 2.68 is for.
Which stocks are comparable to Qliro AB?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 Qliro AB stock attractive at the current price?
The data as of Sep 28, 2026: price kr 15.85, calculated fair value kr 2.68 (−83%), Quality Score 20/100, 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 QLIRO calculated?
We run Qliro 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 2.68, 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. Qliro 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 Qliro AB (QLIRO)?
The closing price on Oct 2, 2026 was kr 15.85. Our model-based fair value is kr 2.68, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Qliro AB right now?
The price sits above even our optimistic bull case (kr 3.35). The favourable scenario is already priced in. Weak quality (20/100) 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 1.77 to kr 3.35) leaves room in how you read the outcome.
Key figures of Qliro AB
How large is the market capitalisation of Qliro AB (QLIRO)?
The market capitalisation of Qliro AB is 654M SEK (≈ $65.1M). 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 Qliro AB (QLIRO)?
The price-to-sales ratio of Qliro AB is 1.85 (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 Qliro AB (QLIRO)?
Earnings per share at Qliro AB are kr −1.94. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Qliro AB (QLIRO)?
The net margin of Qliro AB is −16.3% (fiscal year 2025). 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 Qliro AB (QLIRO)?
The return on equity (ROE) of Qliro AB is −7.9% (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 Qliro AB (QLIRO)?
On an EBIT basis the return on assets of Qliro AB is −1.8% (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 Qliro AB (QLIRO)?
The operating margin of Qliro AB is 0.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Qliro AB (QLIRO)?
Revenue at Qliro AB is growing +39.7% versus a year earlier (3y avg +3.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Qliro AB (QLIRO)?
Earnings per share at Qliro AB are growing +346% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Qliro AB (QLIRO) generate?
The free cash flow of Qliro AB is −477M 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 debt does Qliro AB (QLIRO) carry?
The net debt of Qliro AB is 124M SEK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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