Safe at Sea AB (SAFE) Fair Value & Analysis
Industrials · SE · Market cap 32.9M SEK
Fair value as of: Aug 2, 2026
From 20 valuation models · updated today
Share price +8.2% over the past month.
A solid business, and the price sits 25% below our fair value.
What matters now
- Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (kr 0.8900 to kr 2.09) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.
How to read this chart
60‑month range kr 0.5050 – kr 2.11 · fair‑value band kr 0.8900 – kr 2.09 · the kr 1.19 price screens below the kr 1.49 fair value. Dashed = 300-day average. As of Aug 2, 2026.
Analysis
Safe at Sea AB (SAFE) currently trades at kr 1.19, while our model-based Fair Value estimate is kr 1.49, implying the stock looks roughly 25.2% undervalued today. We read business quality at 60/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Safe at Sea AB generated revenue of 19.8M SEK at a net margin of 12.5%. Revenue declined 18.3% year over year. It earns a return on equity of 17.8%. The stock trades on a trailing P/E of 13.2. Fundamentals as of Aug 2, 2026
Our scenario range runs from kr 0.8900 (bear case) to kr 2.09 (bull case); at kr 1.19, the current price sits within that range. The share trades about 23% below its 52-week high and 59% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 25%, SAFE 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.
All 20 models by family
Widest divergence: Growth Earnings (kr 2.24) versus Asset-Based (kr 0.3600). Highest evidence: Growth DCF (72).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 55
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
Safe at Sea AB (publ) engages in the development, manufacture, and sale of search and rescue (SAR) equipment worldwide. It provides Rescuerunner, a close range rescue craft; GuardRunner, a small boat for military or law enforcement agencies; Saferunner, a close-range rescue craft for beach rescue and surveillance; Elecorunner, an electric boat used for …
Full company description
Safe at Sea AB (publ) engages in the development, manufacture, and sale of search and rescue (SAR) equipment worldwide. It provides Rescuerunner, a close range rescue craft; GuardRunner, a small boat for military or law enforcement agencies; Saferunner, a close-range rescue craft for beach rescue and surveillance; Elecorunner, an electric boat used for rescue missions, surveillance, or transports; Guardrunner X, a tactical watercraft; SeaRanger, a SAR boat for operations in shallow and rough waters; and launch and recovery solutions, such as cradles, trailers, and boatlift. The company also offers personal SAR equipment, including life vests, immersion suits, communication products, and other equipment under the Hansen Protection, Gecko Head Gear, NRS, and Baltic life vests brand names; SAR training and courses; and repairing and other services. Safe at Sea AB (publ) was incorporated in 2006 and is based in Hisings Backa, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
Safe at Sea AB reported revenue of kr 20.4M in FY2025 versus kr 9.3M in FY2022, a compound +29.9%/yr. Reported net income was kr 2.4M in FY2025.
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Peer Group
Security & Protection Services · 115 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.
Valuation Multiples vs Security & Protection Services median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASSA ABLOY AB ASSAB | kr 348.40 | kr 269.97 | -23% |
| Verisure plc VSURE | €10.26 | €12.40 | +21% |
| Allegion plc ALLE | $137.24 | $127.80 | -7% |
| Securitas AB SECUB | kr 162.10 | kr 186.34 | +15% |
| Zhejiang Dahua Technology Co 002236 | ¥16.57 | ¥23.58 | +42% |
| MSA Safety Incorporated MSA | $169.00 | $118.51 | -30% |
| ADT Inc ADT | $7.06 | $17.10 | +142% |
| The Brink's Company BCO | $104.24 | $101.84 | -2% |
| Brady Corporation BRC | $90.16 | $73.43 | -19% |
| The GEO Group GEO | $29.46 | $32.36 | +10% |
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Frequently asked questions
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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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