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Revenio Group (REG1V) Fair Value & Analysis

Healthcare · FI · Market cap €365M

RG Revenio Group REG1V · HE
Price€13.42
Fair Value€13.16
Upside-1.9%
Quality72/100
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Healthy Growth
Solidly profitable · 14.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Moderate moat 54/100
Evidence: High Range €9.87 – €16.45 Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from €14.39 to €13.16 (−8.5%) since Jul 18, 2026. Share price +7.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from €9.87 (bear) to €16.45 (bull), base €13.16. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€67.31 €11.88 Fair Value €13.16 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €11.88 – €67.31 · fair‑value band €9.87 – €16.45 · the €13.42 price screens above the €13.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Revenio Group (REG1V) currently trades at €13.42, while our model-based Fair Value estimate is €13.16, implying the stock looks roughly 1.9% fairly valued today. The Quality Score stands at 72/100 (solid quality), in the Healthcare 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: high).

Over the trailing twelve months, Revenio Group generated revenue of €111M at a net margin of 14.2%. Revenue grew 4.6% year over year. It earns a return on equity of 13.7%. The balance sheet holds a net cash position of €15.2M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €9.87 (bear case) to €16.45 (bull case); at €13.42, the current price sits within 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 and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -22% fair-value upside, at -2%, REG1V 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.

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
Growth DCF €10.22 €15.92 €24.16 80
Residual Income €3.73 €4.47 €8.02 76
Rev-Margin DCF €9.26 €15.06 €22.62 74
All 26 models by family
DCF Models
FCF DCF €10.39 €16.92 €27.01 38
Owner Earnings €7.34 €11.79 €18.66 31
5Y Revenue Exit €9.26 €15.17 €23.15 39
5Y EBITDA Exit €10.58 €17.93 €27.12 41
5Y P/E Exit €10.05 €16.82 €24.55 38
10Y Revenue Exit €9.34 €14.80 €23.08 36
10Y EBITDA Exit €10.37 €16.66 €26.14 37
10Y P/E Exit €10.05 €15.91 €24.16 35
Earnings-Based
Graham-Dodd €4.07 €19.33 €26.60 54
Lynch FV €5.14 €7.34 €9.55 50
PEG = 1.0 €5.14 €7.34 €9.55 46
EPV €6.34 €7.09 €7.72 59
Dividend Discount
Gordon GGM €2.83 €5.10 €7.02 70
DDM Multi-Stage €2.83 €4.66 €5.45 61
Multiples
P/E Multiple €9.87 €13.16 €16.45 63
P/S Multiple €7.63 €10.17 €12.71 58
P/B Multiple €7.63 €10.17 €12.71 55
EV/EBIT €11.98 €15.69 €19.40 53
EV/EBITDA €11.64 €15.23 €18.83 54
EV/Revenue €8.76 €12.16 €15.55 43
Asset-Based
NCAV (Graham) €1.97 €2.64 €3.94 50
Growth DCF
Growth DCF €10.22 €15.92 €24.16 80
Rev-Margin DCF €9.26 €15.06 €22.62 74
Economic Profit
Residual Income €3.73 €4.47 €8.02 76
ROIC Compounder €6.96 €8.65 €10.70 72
Growth Earnings
Growth-Adj P/E €8.29 €11.84 €15.40 68

Widest divergence: DCF Models (€15.91) versus Asset-Based (€2.64). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €111M
Revenue growth (YoY) +4.6%
Net margin 14.2%
Return on equity 13.7%
Free cash flow €26.0M FY2025
P/E ratio 23.8
More key figures
Operating margin 8.4%
EPS (TTM) €0.5900
EPS growth (YoY) -41.4%
Net cash €15.2M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 73 · Market factors (momentum, volatility) 28

Profitability 61
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

Revenio Group Oyj, provides ophthalmological devices and software solutions for the diagnosis of glaucoma, macular degeneration, and diabetic retinopathy in Finland, the United States, and internationally.

Full company description

Revenio Group Oyj, provides ophthalmological devices and software solutions for the diagnosis of glaucoma, macular degeneration, and diabetic retinopathy in Finland, the United States, and internationally. The company offers iCare IC100, ST500, and IC200 tonometers; iCare HOME2, a tonometer to measure eye pressure; iCare Sensors that are accessories of iCare tonometer for measuring intraocular pressure (IOP); iCare TONOVET Pro, a tonometer designed for use in surgical or emergency settings; and iCare TONOVET Plus tonometer, which is used by veterinarians, ophthalmologists and other personnel to measure intraocular pressure in animal patients. It also provides imaging devices comprising iCare EIDON, a device with confocal retinal imaging; iCare DRSplus, a device for pupil imaging; and iCare COMPASS, which provides fundus perimetry with true-color confocal retinal images. In addition, the company offers iCare ILLUME, a screening software that helps to detect the early signs of diabetic retinopathy, age-related macular degeneration, and glaucoma using artificial intelligence; iCare CLINIC cloud software to store long-term IOP data; and Oculo, an eye care software platform, which combines clinical communication, telehealth, remote patient monitoring and data analytics capabilities. Revenio Group Oyj was incorporated in 2001 and is based in Vantaa, Finland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Revenio Group reported revenue of €110M in FY2025 versus €78.8M in FY2021, a compound +8.6%/yr. Reported net income was €17.4M in FY2025, compounding +0.1%/yr from FY2021.

Growth Quality 97/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€110M
Latest YoY
+6.0%
Avg. 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.
+4.2%
Avg. 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.
+12.4%
Avg. growth/yr (25Y) 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.
+4.9%
Revenue +8.6%/yr
FY21 €78.8M
FY22 €97.0M
FY23 €96.6M
FY24 €104M
FY25 €110M
Net income +0.1%/yr
FY21 €17.3M
FY22 €21.8M
FY23 €19.1M
FY24 €18.5M
FY25 €17.4M
Character of growth · EPS growth decomposed (2015-2025) +12.5 % p.a.
Revenue per share +18.5 pp

of which total revenue +20.1 pp · buybacks/dilution −1.5 pp

EBIT margin −2.0 pp
Tax rate −0.8 pp
Residual (interest, one-offs) −3.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Revenio Group Fair Value". https://www.fairvalue-calculator.com/stock/REG1V

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 72 · Top 25%
Fair Value upside −2% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 8% · Above median
Revenue growth 5% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 21.3× · Cheaper than median
P/B 3.68× · Pricier than 75% of peers
P/S (TTM) 3.80× · Pricier than median
P/FCF 16.2× · Pricier than median
EV/EBITDA 16.6× · Pricier than median
PEG 6.37× · Pricier than 75% of peers

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 31 · sector 0
FUTURE 23 · sector 29
PAST 55 · sector 8
HEALTH 99 · sector 97
DIVIDEND 0 · sector 38

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%
Getinge AB GETIB kr 206.80 kr 192.14 -7%

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Frequently asked questions

Is Revenio Group (REG1V) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €13.16 versus a price of €13.42, about −2% (fairly valued).
What is the fair value of REG1V?
Our model-based fair value for Revenio Group is €13.16 (as of Jul 19, 2026), built from audited fundamentals. The current price is €13.42.
What is the quality score of REG1V?
Revenio Group has a Quality Score of 72/100. 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 Revenio Group (REG1V)?
Revenio Group reported trailing-twelve-month revenue of about €111M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of REG1V?
The net profit margin of Revenio Group is about 14.2%, meaning it keeps roughly 14.2% of revenue as net income. Based on the latest reported figures.

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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