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ScandiDos AB (SDOS) Fair Value & Analysis

Healthcare · SE · Market cap 49.0M SEK (≈ $5.1M) · ISIN SE0005768124

What is ScandiDos AB really worth?

SA ScandiDos AB SDOS · ST
Pricekr 0.8700
Fair Valuekr 0.1615
Upside−81.4%
Quality31/100

Below-average quality, and trading another 439% above our fair value of kr 0.1615.

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Risks

!Weak Growth (revenue 5y −2.0 %/yr)
!Loss-making · -5.9% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (4/10)
!Narrow moat 18/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range kr 0.1020 – kr 0.2040

Fair value as of: Aug 29, 2026

From 1 valuation models · updated 3 days ago

Share price +4.8% 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 0.2040). The favourable scenario is already priced in.
  • Weak quality (31/100) 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 0.1020 to kr 0.2040) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

kr 4.15 kr 0.8000 Fair Value kr 0.1615 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range kr 0.8000 – kr 4.15 · fair‑value band kr 0.1020 – kr 0.2040 · the kr 0.8700 price screens above the kr 0.1615 fair value. Dashed = 300-day average. As of Aug 29, 2026.

Full chart & analysis →

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Analysis

ScandiDos AB (SDOS) currently trades at kr 0.8700, while our model-based Fair Value estimate is kr 0.1615, implying the stock looks roughly 438.8% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Healthcare sector. How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.

Over the trailing twelve months, ScandiDos AB generated revenue of 56.9M SEK at a net margin of −7.4%. Revenue declined 23.9% year over year. It earns a return on equity of −9.6%. The balance sheet holds a net cash position of 4.4M SEK. Fundamentals as of Aug 29, 2026

Our scenario range runs from kr 0.1020 (bear case) to kr 0.2040 (bull case); at kr 0.8700, 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 42% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −34% fair-value upside, at −81%, SDOS 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
NCAV (Graham) best evidence kr 0.3700 kr 0.4900 kr 0.7300 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence kr 0.3700 kr 0.4900 kr 0.7300 54

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Key figures & financial health

P/S ratio 0.84 TTM
EPS (TTM) kr −0.0600
Net margin −6.3% FY2026
Return on equity −7.9% TTM
Return on assets (EBIT) −12.4% avg 5y
Operating margin 1.1% TTM
More key figures
Growth
Revenue (TTM) 58.1M SEK TTM
Revenue growth (YoY) +7.7% 3y avg −4.1%
EPS growth (YoY) −39.3%
Balance sheet & cash flow
Free cash flow −6.8M SEK FY2026
Net cash 4.4M SEK FY2026

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 32 · Market factors (momentum, volatility) 31

Profitability 12
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 7
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

ScandiDos AB (publ), together with its subsidiaries, provides measurement phantoms and software solutions for the quality assurance and validation of dynamic and modulated treatments adopted in clinics in the United States, Europe, Asia, and internationally.

Full company description

ScandiDos AB (publ), together with its subsidiaries, provides measurement phantoms and software solutions for the quality assurance and validation of dynamic and modulated treatments adopted in clinics in the United States, Europe, Asia, and internationally. The company offers Delta4 products comprising Delta4 Phantom+, Delta4Phantom+MR, Delta4 HexaMotion, Delta4Insight, Delta4DVH Anatomy, Delta4 Machine QA, and Delta4 Statistics Module for the quality assurance in advanced radiation therapy techniques, such as VMAT, RapidArc, IMRT, and Tomotherapy. It sells its products directly to consumers and through distributors. ScandiDos AB (publ) was founded in 2001 and is headquartered in Uppsala, Sweden.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

ScandiDos AB reported revenue of 54.2M SEK in FY2026 versus 57.7M SEK in FY2022, a compound −1.5%/yr. Reported net income was −3.4M SEK in FY2026.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
54.2M SEK
Latest YoY
−10.3%
Avg. revenue 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.
−4.1%
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.
−2.0%
Avg. revenue growth/yr (15Y) 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.
+4.3%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Revenue −1.5%/yr
FY22 57.7M SEK
FY23 61.6M SEK
FY24 60.4M SEK
FY25 60.4M SEK
FY26 54.2M SEK
Net income
FY22 −7.3M SEK
FY23 −9.1M SEK
FY24 −14.6M SEK
FY25 −14.6M SEK
FY26 −3.4M SEK

SDOS screens 439% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "ScandiDos AB Fair Value". https://www.fairvalue-calculator.com/stock/SDOS

Peer Group

Medical Devices · 365 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 32 · Bottom 25%
Fair Value upside −81% · Bottom 25%
Return on assets −3% · Below median
Net margin (TTM) −6% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 8% · Above median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/B 0.12× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers

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 0
FUTURE39 · sector 32
PAST0 · sector 2
HEALTH100 · sector 97
DIVIDEND0 · sector 35

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

Insider activity: 40/100

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 Medical Devices stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $112.47 $74.79 −34%
Stryker Corporation SYK $322.12 $186.28 −42%
Medtronic plc MDT $89.97 $65.57 −27%
Boston Scientific Corporation BSX $46.84 $30.73 −34%
Edwards Lifesciences Corporation EW $90.78 $41.02 −55%
Siemens Healthineers AG SHL €39.52 €33.87 −14%
DexCom, Inc DXCM $90.82 $38.95 −57%
GE HealthCare Technologies Inc GEHC $74.82 $64.13 −14%
Koninklijke Philips N.V PHIA €23.69 €14.36 −39%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥150.63 ¥147.63 −2%

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Frequently asked questions

Is ScandiDos AB (SDOS) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of kr 0.1615 versus a price of kr 0.8700, about −81% upside (overvalued).
What is the fair value of SDOS?
Our model-based fair value for ScandiDos AB is kr 0.1615 (as of Aug 29, 2026), built from audited fundamentals. The current price: kr 0.8700.
What is the quality score of SDOS?
ScandiDos AB has a Quality Score of 31/100. 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 ScandiDos AB (SDOS)?
ScandiDos AB reported trailing-twelve-month revenue of about 56.9M SEK (latest available figure, as of Aug 29, 2026).
What is the net profit margin of SDOS?
The net profit margin of ScandiDos AB is about −7.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
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