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mySafety Group (SAFETY-B) Fair Value & Analysis

Technology · SE · Market cap 425M SEK (≈ $44.5M) · ISIN SE0010769182

What is mySafety Group really worth?

MG mySafety Group SAFETY-B · ST
Pricekr 18.00
Fair Valuekr 12.14
Upside−32.6%
Quality42/100

Below-average quality, and trading another 48% above our fair value of kr 12.14.

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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +10.5 %/yr)
!Thin margins · 7.6% net margin
!Mixed vs. peers (6/14)
!Moderate moat 47/100

For context

·7.50% dividend yield
Evidence: High Range kr 9.10 – kr 15.17

Fair value as of: Aug 22, 2026

From 24 valuation models · updated 14 days ago

Share price −6.9% 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 sits above even our optimistic bull case (kr 15.17). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

kr 21.00 kr 4.93 Fair Value kr 12.14 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range kr 4.93 – kr 21.00 · fair‑value band kr 9.10 – kr 15.17 · the kr 18.00 price screens above the kr 12.14 fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

mySafety Group (SAFETY-B) currently trades at kr 18.00, while our model-based Fair Value estimate is kr 12.14, implying the stock looks roughly 48.3% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of kr 38.46 per share, and 14 of the 24 models we run sit above the kr 18.00 price. Bear case: the Asset-Based group reads lowest at kr 4.06, and 10 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, mySafety Group generated revenue of 342M SEK at a net margin of 7.6%. Revenue declined 8.0% year over year. It earns a return on equity of 22.3%. Net debt stands at 9.8M SEK. Fundamentals as of Aug 22, 2026

Our scenario range runs from kr 9.10 (bear case) to kr 15.17 (bull case); at kr 18.00, the current price sits above 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 17% below its 52-week high and 19% 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 −33%, SAFETY-B screens richer 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 18.83 kr 26.93 kr 51.15 75
EPV kr 5.48 kr 6.06 kr 6.55 74
Growth DCF kr 17.71 kr 29.74 kr 48.64 74
All 24 models by family
DCF Models
FCF DCF kr 18.83 kr 26.93 kr 51.15 75
Owner Earnings kr 32.30 kr 65.65 kr 127.54 70
5Y Revenue Exit kr 10.98 kr 16.17 kr 26.87 69
5Y EBITDA Exit kr 26.02 kr 46.54 kr 86.83 69
5Y P/E Exit kr 15.99 kr 32.35 kr 54.31 66
10Y Revenue Exit kr 13.47 kr 23.52 kr 28.56 65
10Y EBITDA Exit kr 23.71 kr 53.06 kr 104.80 62
10Y P/E Exit kr 17.03 kr 33.38 kr 59.48 59
Earnings-Based
Graham-Dodd kr 5.71 kr 39.84 kr 55.90 61
Lynch FV kr 20.58 kr 29.40 kr 38.22 59
PEG = 1.0 kr 20.58 kr 29.40 kr 38.22 55
EPV kr 5.48 kr 6.06 kr 6.55 74
Multiples
P/E Multiple kr 13.23 kr 17.64 kr 22.05 63
P/S Multiple kr 10.71 kr 14.28 kr 17.85 58
P/B Multiple kr 10.71 kr 14.28 kr 17.85 55
EV/EBIT kr 9.00 kr 11.60 kr 14.20 66
EV/EBITDA kr 28.94 kr 38.19 kr 47.44 67
EV/Revenue kr 6.76 kr 9.15 kr 11.54 54
Asset-Based
NCAV (Graham) kr 3.03 kr 4.06 kr 6.05 54
Growth DCF
Growth DCF kr 17.71 kr 29.74 kr 48.64 74
Rev-Margin DCF kr 11.87 kr 18.34 kr 32.01 68
Economic Profit
Residual Income kr 5.53 kr 6.56 kr 13.09 70
ROIC Compounder kr 5.48 kr 6.07 kr 7.28 70
Growth Earnings
Growth-Adj P/E kr 26.92 kr 38.46 kr 49.99 65

Widest divergence: Growth Earnings (kr 38.46) versus Asset-Based (kr 4.06). Highest evidence: FCF DCF (75).

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Key figures & financial health

P/E ratio 14.5
P/S ratio 0.82 P/E × margin
EPS (TTM) kr 1.24 price ÷ EPS = P/E 14.5
Dividend yield 7.5% payout 109%
Net margin 5.7% FY2025
Return on equity 22.3% TTM
More key figures
Profitability
Return on assets (EBIT) −22.6% avg 5y
Operating margin 2.9% TTM
Growth
Revenue (TTM) 342M SEK TTM
Revenue growth (YoY) −8.4% 3y avg +621%
EPS growth (YoY) +613%
Balance sheet & cash flow
Free cash flow 29.0M SEK FY2025
Net debt 9.8M SEK FY2025 · ≈ 0.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 45

Profitability 48
Margins and returns on capital today
Quality Growth 79
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 42
Distance to the 52-week high (market factor)
Net Issuance 0
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

mySafety Group AB engages in the provision of insurance solutions in the Nordic market. It offers insurance coverage for ID theft and fraud. The company was formerly known as Empir Group AB (publ) and changed its name to mySafety Group AB in October 2023. mySafety Group AB was incorporated in 1987 and is headquartered in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

mySafety Group reported revenue of 333M SEK in FY2025 versus 16.4M SEK in FY2021, a compound +112.2%/yr. Reported net income was 18.8M SEK in FY2025.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
333M SEK
Latest YoY
+4.0%
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.
+10.5%
Avg. revenue growth/yr (17Y) 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.
+11.7%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year.
−25.3% (−32.8 + 7.5)
Revenue +112.2%/yr
FY21 16.4M SEK
FY22 889K SEK
FY23 312M SEK
FY24 320M SEK
FY25 333M SEK
Net income
FY21 −39.4M SEK
FY22 −28.1M SEK
FY23 33.2M SEK
FY24 −24.3M SEK
FY25 18.8M SEK

SAFETY-B screens 48% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "mySafety Group Fair Value". https://www.fairvalue-calculator.com/stock/SAFETY-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 42 · Bottom 25%
Fair Value upside −33% · Below median
Return on equity (TTM) 22% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth −8% · Bottom 25%
Dividend yield (TTM) 7.5% · Top 25%
Debt / equity 0.25× · Higher than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 14.5× · Cheaper than median
P/B 3.13× · Pricier than median
P/S (TTM) 1.24× · Pricier than median
P/FCF 1.5× · Cheaper than median
EV/EBITDA 7.1× · 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
VALUE0 · sector 33
FUTURE0 · sector 30
PAST89 · sector 32
HEALTH88 · sector 97
DIVIDEND100 · sector 35

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

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 22, 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 mySafety Group (SAFETY-B) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of kr 12.14 versus a price of kr 18.00, about −33% upside (overvalued).
What is the fair value of SAFETY-B?
Our model-based fair value for mySafety Group is kr 12.14 (as of Aug 22, 2026), built from audited fundamentals. The current price: kr 18.00.
What is the quality score of SAFETY-B?
mySafety Group has a Quality Score of 42/100. 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 mySafety Group (SAFETY-B)?
mySafety Group reported trailing-twelve-month revenue of about 342M SEK (latest available figure, as of Aug 22, 2026).
What is the net profit margin of SAFETY-B?
The net profit margin of mySafety Group is about 7.6%, meaning it keeps roughly 7.6% of revenue as net income. Based on the latest reported figures.
Does mySafety Group pay a dividend?
mySafety Group currently shows a dividend yield of about 7.50% relative to its recent price (as of Aug 22, 2026).
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