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Seafire AB (SEAF) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Seafire AB SEK 8.07, price SEK 7.70, upside +4.8%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Financial Services · SE · ISIN SE0009779796

SA Thin data Sep 24, 2026

Seafire AB

SEAF · ST

Low PriorityFair Value upside is limited and quality is weak.

·Fair value kr 8.07 · Fairly valued (+5%)
!Quality 45/100
!Mixed Growth (revenue 5y +33.2 %/yr)
!Thin margins · 0.2% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers (4/13)
!Narrow moat 22/100
!Evidence only low, so the estimate is less certain
!Weak on future: 12 out of 100
!Weak on past: 1 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 41.80 kr 4.66 Fair Value kr 8.07 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range kr 4.66 – kr 41.80 · fair‑value band kr 4.46 – kr 13.70 · the kr 7.70 price screens below the kr 8.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Seafire AB (publ) acquires and develops companies in Sweden, the Nordic region, rest of Europe, and internationally. The company operates through Industrial Components and Products segments.

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Seafire AB (publ) acquires and develops companies in Sweden, the Nordic region, rest of Europe, and internationally. The company operates through Industrial Components and Products segments. It markets and sells personal electric vehicles, such as electric bicycles, electric and walking scooters, and electric mopeds, as well as exercise equipment through online stores. The company also provides monitoring solutions for agricultural and industrial markets; develops customized industrial fans; supplies industrial paints; and provides CAD, CAM, CAE, and PDM/PLM solutions and services to create and develop products and manage product information. In addition, it engages in sheet metal production; fasteners and electrical material; supply of garden plants, as well as party nursery; processed clay and pumice for cultivation and construction; ground bricks; manufacture of brick walls; customized doors, windows, and entryways; supplies sandwich panels; designs, markets, and sells eyewear products, accessories, and tools for the optics industry; and develops and manufactures heating products. The company was incorporated in 1997 and is headquartered in Stockholm, Sweden.

Stock analysis

Seafire AB (SEAF) currently trades at kr 7.70, while our model-based Fair Value estimate is kr 8.07, implying the stock looks roughly 4.6% fairly valued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of kr 19.42 per share, and 2 of the 4 models we run sit above the kr 7.70 price.

Bear case: the Growth DCF group reads lowest at kr 2.82, and 2 of the 4 models stay below the price. Evidence for this calculation is low.

Scenario range: kr 4.46 (bear) to kr 13.70 (bull), the price of kr 7.70 sits inside 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 45/100 (below-average quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Seafire AB reported revenue of 929M SEK in FY2025 versus 421M SEK in FY2021, a compound +21.9%/yr. Reported net income was −4.0M SEK in FY2025.

Key figures

Market cap 508M SEK (≈ $51.2M) · P/E ratio 128.3 · P/S ratio 0.54 · EPS (TTM) kr 0.0600 · Net margin −0.4% · Return on equity 0.4% · Return on assets (EBIT) −0.2% · Operating margin −0.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 23% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at 5%, SEAF screens cheaper than that median.

Fair Value models

Bear kr 4.46 Fair Value kr 8.07 Bull kr 13.70
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 0.0441 per share) are deliberately not added. 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 ⓘ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.
Highest evidence
Growth DCF kr 4.39 kr 7.89 kr 13.35 73
Owner Earnings kr 9.24 kr 19.42 kr 37.18 70
Rev-Margin DCF kr 1.60 kr 2.82 kr 5.47 67
All 4 models by family
DCF Models
Owner Earnings kr 9.24 kr 19.42 kr 37.18 70
Asset-Based
NCAV (Graham) kr 4.07 kr 5.46 kr 8.15 54
Growth DCF
Growth DCF kr 4.39 kr 7.89 kr 13.35 73
Rev-Margin DCF kr 1.60 kr 2.82 kr 5.47 67

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Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 49

Profitability 21
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 49
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.7%
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.
+3.0%
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.
+33.2%
Start year 2020 (pandemic). Over 10 years: +44.7% a year
Revenue growth 17 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.
+19.2%
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.
6.6% (2020) → 0.6% (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
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+26.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +23.9% a year for the price.

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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.Asset Management · 658 stocks

Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 45 · Bottom 25%
Fair Value upside +5% · Below median
Profitability
Return on equity (TTM) 0% · Below median
Return on assets 1% · Below median
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) −1% · Bottom 25%
Growth and dividend
Revenue growth 2% · Below median
Balance sheet
Debt / equity 0.19× · Above median

Valuation Multiplesvs Asset Management median · lower = cheaper

P/E (TTM) 128.3× · Priciest 25%
P/B 0.09× · Cheapest 25%
P/S (TTM) 0.06× · Cheapest 25%
P/FCF 3.7× · Cheaper than median
EV/EBITDA 2.1× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)40 · sector 54
FUTURE (revenue growth)12 · sector 21
PAST (return on equity)1 · sector 22
HEALTH (low debt)90 · sector 95
DIVIDEND (yield)0 · sector 81

Context: sector, industry, market

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 Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $124.01 $52.88 −57%
Brookfield Corporation BN $37.85 $13.75 −64%
KKR & Co KKR $97.21 $29.25 −70%
Apollo Global Management, Inc APO $124.36 $229.64 +85%
State Street Corporation STT $179.95 $138.33 −23%
Ameriprise Financial, Inc AMP $502.79 $579.51 +15%
Ares Management Corporation ARES $124.72 $119.25 −4%
Northern Trust Corporation NTRS $173.40 $122.02 −30%
Raymond James Financial, Inc RJF $158.23 $312.27 +97%
T. Rowe Price Group TROW $104.57 $209.14 +100%

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

Frequently asked questions

Is Seafire AB (SEAF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 8.07 versus a price of kr 7.70, about +5% upside (fairly valued).
What is the fair value of SEAF?
Our model-based fair value for Seafire AB is kr 8.07 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 7.70.
What is the quality score of SEAF?
Seafire AB has a Quality Score of 45/100. 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 Seafire AB (SEAF)?
Our model-based price target is the fair value of kr 8.07 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario kr 4.46, optimistic scenario kr 13.70. It is a calculation from audited fundamentals, not an analyst target.
What is the Seafire AB stock forecast for 2026?
Our models put fair value at kr 8.07, about +5% upside versus a price of kr 7.70 (fairly valued). Cautious scenario kr 4.46, optimistic scenario kr 13.70. The calculation is refreshed regularly with new filings.
What is the revenue of Seafire AB (SEAF)?
Seafire AB reported trailing-twelve-month revenue of about 934M SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into Seafire AB (SEAF)?
For today's price to be fair in a discounted-cash-flow model, Seafire AB would have to grow free cash flow by +26.3 % per year for five years (discount rate 12.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +33.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SEAF use?
Our models discount Seafire AB at 12.3 %: a base by market capitalisation (micro), damped by beta 0.95, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Seafire AB that is +26.3 % per year a year over ten years, using the same discount rate (12.3 %) and the same formula as our fair value.
How much growth has Seafire AB (SEAF) delivered so far?
Over the past 5 years revenue at Seafire AB grew +33.2 % a year. The price currently implies +26.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Seafire AB (SEAF) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Seafire AB (+26.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Seafire AB (SEAF)?
The free-cash-flow yield on the price is 4.24 %: that much free cash flow Seafire AB produces per unit of market value. When it exceeds the discount rate of our models (12.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Seafire AB (SEAF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Seafire AB it is kr 8.07 per share (as of Sep 24, 2026), against a price of kr 7.70. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Seafire AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SEAF trades below its calculated fair value: price kr 7.70, fair value kr 8.07, a gap of about +5% (fairly valued). 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 SEAF?
No. The price is what the market pays today (kr 7.70); the fair value is what the company's own numbers justify (kr 8.07). For Seafire AB the two are kr 0.3700 per share apart. That gap is exactly why we show both numbers side by side.
How much is Seafire AB worth?
The market values Seafire AB at about 508M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 7.70; our models calculate a fair value of kr 8.07 per share.
What do the bullish and bearish scenarios say about SEAF?
Our models span a range for Seafire AB: cautious scenario kr 4.46, base kr 8.07, optimistic kr 13.70 per share (as of Sep 24, 2026, price kr 7.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SEAF?
Seafire AB trades at a price-to-earnings ratio of 128.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 8.07 is built from several models across several years. Other multiples: P/B 0.1, P/S 0.1, EV/EBITDA 2.1.
How solid is the balance sheet of Seafire AB (SEAF)?
Balance-sheet figures for Seafire AB (as of Sep 24, 2026): return on equity 0.4%, debt of 0.19 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is SEAF from its 52-week high?
Seafire AB trades at kr 7.70, about 23% below its 52-week high of kr 9.98 and 34% above the low of kr 5.74 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 8.07 is for.
Which stocks are comparable to Seafire AB?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, 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 Seafire AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 7.70, calculated fair value kr 8.07 (+5%), Quality Score 45/100, from 4 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 SEAF calculated?
We run Seafire AB through 4 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 8.07, 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 13.0 % above its aggregate fair value. Seafire AB currently trades 5 % below its own fair value, and the market average says nothing about that. 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 Seafire AB (SEAF)?
The closing price on Sep 24, 2026 was kr 7.70. Our model-based fair value is kr 8.07, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Seafire AB right now?
The model range is unusually wide (kr 4.46 to kr 13.70). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Seafire AB

How large is the market capitalisation of Seafire AB (SEAF)?
The market capitalisation of Seafire AB is 508M SEK (≈ $51.2M). 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 Seafire AB (SEAF)?
The price-to-sales ratio of Seafire AB is 0.54 (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 Seafire AB (SEAF)?
Earnings per share at Seafire AB are kr 0.0600 (price ÷ EPS = P/E 128.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Seafire AB (SEAF)?
The net margin of Seafire AB is −0.4% (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 Seafire AB (SEAF)?
The return on equity (ROE) of Seafire AB is 0.4% (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 Seafire AB (SEAF)?
On an EBIT basis the return on assets of Seafire AB is −0.2% (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 Seafire AB (SEAF)?
The operating margin of Seafire AB is −0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Seafire AB (SEAF)?
Revenue at Seafire AB is growing +2.4% versus a year earlier (3y avg +3.0%). 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 Seafire AB (SEAF)?
Earnings per share at Seafire AB are growing +150% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Seafire AB (SEAF) carry?
The net debt of Seafire AB is 232M SEK (fiscal year 2025, ≈ 16.6 yrs of FCF). 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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