Serstech AB (SERT) Fair Value & Analysis

Basic Materials · SE · Market cap 137M SEK

Below-average quality, and screening another 91% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (kr 0.0680). The favourable scenario is already priced in.
• Weak quality (27/100) 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 0.0340 to kr 0.0680) 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 Jul 18, 2026.

How to read this chart

60‑month range kr 0.2329 – kr 1.88 · fair‑value band kr 0.0340 – kr 0.0680 · the kr 0.5500 price screens above the kr 0.0510 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Serstech AB (SERT) currently trades at kr 0.5500, while our model-based Fair Value estimate is kr 0.0510, implying the stock looks roughly 90.7% overvalued today. The Quality Score stands at 27/100 (below-average quality), in the Basic Materials 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).

Trailing-twelve-month revenue stands at 30.1M SEK. Revenue declined 60.2% year over year. It earns a return on equity of -59.4%. The balance sheet holds a net cash position of 9.8M SEK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 0.0340 (bear case) to kr 0.0680 (bull case); at kr 0.5500, 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 28% below its 52-week high and 81% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -91%, SERT 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.

Key figures & financial health

Quality Score breakdown

About the company

Serstech AB develops and sells optical instruments and software for chemical identification worldwide. The company offers Serstech Arx mkII that identifies unknown substances quickly and easily with high precision; Serstech SERS kit that identifies trace amounts of chemicals, dark coloured substances or mixtures; and Serstech ChemDash, a software platform …

Full company description

Serstech AB develops and sells optical instruments and software for chemical identification worldwide. The company offers Serstech Arx mkII that identifies unknown substances quickly and easily with high precision; Serstech SERS kit that identifies trace amounts of chemicals, dark coloured substances or mixtures; and Serstech ChemDash, a software platform designed to work with Serstech's handheld Raman spectrometers to manage information, users, libraries, and measurements. It also provides Serstech Capillary Probe, a precision analysis for liquid droplets; Serstech TraSERSwab that collects and identifies traces of powders and liquids; and Serstech Rental. The company offers its solutions for narcotics, CBRN and hazmat, explosives, and pharma applications. Serstech AB was incorporated in 2006 and is headquartered in Lund, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Serstech AB reported revenue of kr 38.6M in FY2025 versus kr 18.7M in FY2021, a compound +19.9%/yr. Reported net income was −kr 29.3M in FY2025.

SERT screens 91% overvalued. Compare with BASF SE →

Peer Group

Chemicals · 333 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 Chemicals 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.

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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

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Frequently asked questions

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.