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Sedana Medical AB (SEDANA) Fair Value & Analysis

Healthcare · SE · Market cap 875M SEK

SM Sedana Medical AB SEDANA · ST
Pricekr 11.28
Fair Valuekr 6.80
Upside-39.7%
Quality41/100
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Expensive Growth
Loss-making · -20.2% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 16/100
Evidence: Low Range kr 3.64 – kr 9.67 Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated today

Fair value updated Aug 13, 2026, revised from kr 0.7100 to kr 6.80 (+857.7%) since Jul 14, 2026. Share price +29.1% over the past month.

Below-average quality, and screening another 40% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 9.67). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (kr 3.64 to kr 9.67). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

kr 107.10 kr 6.88 Fair Value kr 6.80 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range kr 6.88 – kr 107.10 · fair‑value band kr 3.64 – kr 9.67 · the kr 11.28 price screens above the kr 6.80 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sedana Medical AB (SEDANA) currently trades at kr 11.28, while our model-based Fair Value estimate is kr 6.80, implying the stock looks roughly 39.7% overvalued today. The Quality Score stands at 41/100 (below-average 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: low).

Over the trailing twelve months, Sedana Medical AB generated revenue of 196M SEK at a net margin of -20.2%. Revenue declined 7.1% year over year. It earns a return on equity of -4.3%. The balance sheet holds a net cash position of 86.3M SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 3.64 (bear case) to kr 9.67 (bull case); at kr 11.28, 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 38% below its 52-week high and 38% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -33% fair-value upside, at -40%, SEDANA screens richer 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
Gordon GGM kr 0.3600 kr 0.6500 kr 0.8900 70
DDM Multi-Stage kr 0.3600 kr 0.5900 kr 0.6900 61
NCAV (Graham) kr 4.53 kr 6.08 kr 9.07 50
All 3 models by family
Dividend Discount
Gordon GGM kr 0.3600 kr 0.6500 kr 0.8900 70
DDM Multi-Stage kr 0.3600 kr 0.5900 kr 0.6900 61
Asset-Based
NCAV (Graham) kr 4.53 kr 6.08 kr 9.07 50

Widest divergence: Asset-Based (kr 6.08) versus Dividend Discount (kr 0.5900). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 196M SEK
Revenue growth (YoY) -7.1%
Net margin -20.2%
Return on equity -4.3%
Free cash flow −75.2M SEK FY2025
Operating margin -9.9%
More key figures
EPS (TTM) kr -0.4000
Net cash 86.3M SEK FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 42 · Market factors (momentum, volatility) 39

Profitability 7
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 16
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

Sedana Medical AB (publ), a medtech and pharmaceutical company, develops, manufactures, and sells medical devices and pharmaceutical products in Sweden, Spain, Germany, and internationally.

Full company description

Sedana Medical AB (publ), a medtech and pharmaceutical company, develops, manufactures, and sells medical devices and pharmaceutical products in Sweden, Spain, Germany, and internationally. The company offers Sedaconda ACD-L and Sedaconda ACD-S, which are disposable medical devices that enable the administration of volatile anaesthetics; Sedaconda Syringe, a syringe with a connection to fit the connector on the agent line of the Sedaconda ACD and Sedana Medical filling adapters; Sedaconda ACD starter kit; Sedaconda (Isoflurane) for maintenance of sedation in intubated or tracheostomised mechanically ventilated adult and paediatric patients from 3 years of age; Sedaconda Filling Adapter, a single-use medical device; FlurAbsorb Pro-L and Pro-S; FlurAbsorb and Mounts; Scavenging Tube, a one piece pre-connected tube, that is designed to channel anaesthetic waste gas from the ventilator exhaust port and the gas monitor exhaust port to the FlurAbsorb filter; and Mindray exhaust connector enables to connect the exhaust of the ventilator to an active or passive scavenging system. The company was founded in 1999 and is headquartered in Danderyd, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sedana Medical AB reported revenue of kr 200M in FY2025 versus kr 159M in FY2021, a compound +5.9%/yr. Reported net income was −kr 59.2M in FY2025.

Growth Quality 22/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
200M SEK
Latest YoY
+12.0%
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.
+17.7%
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.
+7.1%
Avg. growth/yr (10Y) 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.
+21.7%
Revenue +5.9%/yr
FY21 kr 159M
FY22 kr 123M
FY23 kr 154M
FY24 kr 179M
FY25 kr 200M
Net income
FY21 −kr 58.0M
FY22 −kr 73.5M
FY23 −kr 59.6M
FY24 −kr 10.7M
FY25 −kr 59.2M

SEDANA screens 40% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Sedana Medical AB Fair Value". https://www.fairvalue-calculator.com/stock/SEDANA

Peer Group

Medical Devices · 349 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 41 · Below median
Fair Value upside −40% · Below median
Return on assets -2% · Below median
Net margin (TTM) -20% · Bottom 25%
Operating margin (TTM) -10% · Below median
Revenue growth -7% · Bottom 25%

Valuation Multiples vs Medical Devices median · lower = cheaper

P/B 0.10× · Cheaper than 75% of peers
P/S (TTM) 0.47× · Cheaper 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 0 · sector 0
FUTURE 0 · sector 31
PAST 0 · sector 8
HEALTH 100 · sector 97
DIVIDEND 0 · sector 39

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

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $110.91 $74.79 -33%
Stryker Corporation SYK $347.21 $186.28 -46%
Medtronic plc MDT $90.76 $65.57 -28%
Boston Scientific Corporation BSX $51.42 $38.44 -25%
Edwards Lifesciences Corporation EW $93.05 $41.02 -56%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥153.60 ¥147.63 -4%
Shanghai United Imaging Healthcare Co 688271 ¥110.50 ¥43.60 -61%
Demant A/S DEMANT kr 289.60 kr 161.17 -44%
Getinge AB GETIB kr 239.30 kr 192.14 -20%
Sectra AB SECTB kr 280.00 kr 66.81 -76%

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Frequently asked questions

Is Sedana Medical AB (SEDANA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 6.80 versus a price of kr 11.28, about −40% (overvalued).
What is the fair value of SEDANA?
Our model-based fair value for Sedana Medical AB is kr 6.80 (as of Aug 13, 2026), built from audited fundamentals. The current price is kr 11.28.
What is the quality score of SEDANA?
Sedana Medical AB has a Quality Score of 41/100. 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 Sedana Medical AB (SEDANA)?
Sedana Medical AB reported trailing-twelve-month revenue of about 196M SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SEDANA?
The net profit margin of Sedana Medical AB is about -20.2%, meaning it is currently running at a net loss. 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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