Scandinavian Enviro Systems AB (SES) fair value: what the stock is really worth
As of Oct 13, 2026: fair value of Scandinavian Enviro Systems AB SEK 0.04, price SEK 0.09, upside -57.3%, quality 18 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Scandinavian Enviro Systems AB (publ) involved in recycling activities of used tires in Sweden and internationally. The company's recoverable materials include carbon black, oil, steel, and gas. The company has a strategi partnership with Michelin. Scandinavian Enviro Systems AB (publ) was incorporated in 2001 and is headquartered in Gothenburg, Sweden.
Stock analysis
Scandinavian Enviro Systems AB (SES) currently trades at kr 0.0897, while our model-based Fair Value estimate is kr 0.0383, 57.3% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: kr 0.0231 (bear) to kr 0.0383 (bull), the price of kr 0.0897 sits above 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 18/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Scandinavian Enviro Systems AB reported revenue of 31.5M SEK in FY2025 versus 7.6M SEK in FY2021, a compound +42.8%/yr. Reported net income was −367M SEK in FY2025.
Key figures
Market cap 98.6M SEK (≈ $9.9M) · P/S ratio 8.18 · EPS (TTM) kr −0.4000 · Return on equity −129% · Return on assets (EBIT) −24.4% · Operating margin −11,312% · Revenue (TTM) 11.8M SEK · Revenue growth (YoY) −98.7%.
What moves the price
The share trades about 92% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −19% fair-value upside, at −57%, SES screens richer than that median.
Fair Value models
Bear kr 0.0231Fair Value kr 0.0383Bull kr 0.0383
Price kr 0.0897 · Upside -57.3%
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.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.
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.30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−81.5%
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.
+58.1%
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.
+83.7%
Start year 2020 (pandemic). Over 10 years: +67.6% a year
Revenue growth 13 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.
+41.5%
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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.
−3,301.8% (2020) → −323.0% (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
Compare Scandinavian Enviro Systems AB with another stock
Price, fair value, quality and upside side by side.
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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.Waste Management · 154 stocks
Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score18 · Bottom 25%
Fair Value upside−49.7% · Below median
Profitability
Return on assets−17.9% · Bottom 25%
Growth and dividend
Revenue growth−98.7% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Waste Management median · lower = cheaper
P/S (TTM)0.84× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)0· sector 42
PAST (return on equity)0· sector 24
HEALTH (low debt)99· sector 82
DIVIDEND (yield)0· sector 48
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Scandinavian Enviro Systems AB Fair Value". https://www.fairvalue-calculator.com/stock/SES.ST
Frequently asked questions
Is Scandinavian Enviro Systems AB (SES) overvalued or undervalued?
As of Oct 14, 2026, our model estimates a fair value of kr 0.0383 versus a price of kr 0.0897, about −57% upside (overvalued).
What is the fair value of SES?
Our model-based fair value for Scandinavian Enviro Systems AB is kr 0.0383 (as of Oct 14, 2026), built from audited fundamentals. The current price: kr 0.0897.
What is the quality score of SES?
Scandinavian Enviro Systems AB has a Quality Score of 18/100. 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 Scandinavian Enviro Systems AB (SES)?
Our model-based price target is the fair value of kr 0.0383 (as of Oct 14, 2026) from 1 valuation models. Cautious scenario kr 0.0231, optimistic scenario kr 0.0383. It is a calculation from audited fundamentals, not an analyst target.
What is the Scandinavian Enviro Systems AB stock forecast for 2026?
Our models put fair value at kr 0.0383, about −57% upside versus a price of kr 0.0897 (overvalued). Cautious scenario kr 0.0231, optimistic scenario kr 0.0383. The calculation is refreshed regularly with new filings.
What is the revenue of Scandinavian Enviro Systems AB (SES)?
Scandinavian Enviro Systems AB reported trailing-twelve-month revenue of about 11.8M SEK (latest available figure, as of Oct 14, 2026).
What is the intrinsic value of Scandinavian Enviro Systems AB (SES)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Scandinavian Enviro Systems AB it is kr 0.0383 per share (as of Oct 14, 2026), against a price of kr 0.0897. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Scandinavian Enviro Systems AB stock overvalued or undervalued in 2026?
As of Oct 14, 2026, SES trades above its calculated fair value: price kr 0.0897, fair value kr 0.0383, a gap of about −57% (overvalued). 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 SES?
No. The price is what the market pays today (kr 0.0897); the fair value is what the company's own numbers justify (kr 0.0383). For Scandinavian Enviro Systems AB the two are kr 0.0514 per share apart. That gap is exactly why we show both numbers side by side.
How much is Scandinavian Enviro Systems AB worth?
The market values Scandinavian Enviro Systems AB at about 98.6M SEK (market capitalisation, as of Oct 14, 2026). Per share that is kr 0.0897; our models calculate a fair value of kr 0.0383 per share.
What do the bullish and bearish scenarios say about SES?
Our models span a range for Scandinavian Enviro Systems AB: cautious scenario kr 0.0231, base kr 0.0383, optimistic kr 0.0383 per share (as of Oct 14, 2026, price kr 0.0897). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Scandinavian Enviro Systems AB (SES)?
Balance-sheet figures for Scandinavian Enviro Systems AB (as of Oct 14, 2026): return on equity −129.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 18/100, which measures business quality independently of the share price.
How far is SES from its 52-week high?
Scandinavian Enviro Systems AB trades at kr 0.0897, about 92% below its 52-week high of kr 1.08 and 7% above the low of kr 0.0839 (as of Oct 13, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.0383 is for.
Which stocks are comparable to Scandinavian Enviro Systems AB?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, 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 Scandinavian Enviro Systems AB stock attractive at the current price?
The data as of Oct 14, 2026: price kr 0.0897, calculated fair value kr 0.0383 (−57%), Quality Score 18/100, from 1 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 SES calculated?
We run Scandinavian Enviro Systems AB through 1 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 0.0383, 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 14.5 % above its aggregate fair value. Scandinavian Enviro Systems AB itself currently trades above fair value. 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 Scandinavian Enviro Systems AB (SES)?
The closing price on Oct 13, 2026 was kr 0.0897. Our model-based fair value is kr 0.0383, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Scandinavian Enviro Systems AB right now?
The price sits above even our optimistic bull case (kr 0.0383). The favourable scenario is already priced in. Weak quality (18/100) 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.
Key figures of Scandinavian Enviro Systems AB
How large is the market capitalisation of Scandinavian Enviro Systems AB (SES)?
The market capitalisation of Scandinavian Enviro Systems AB is 98.6M SEK (≈ $9.9M). 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 Scandinavian Enviro Systems AB (SES)?
The price-to-sales ratio of Scandinavian Enviro Systems AB is 8.18 (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 Scandinavian Enviro Systems AB (SES)?
Earnings per share at Scandinavian Enviro Systems AB are kr −0.4000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Scandinavian Enviro Systems AB (SES)?
The return on equity (ROE) of Scandinavian Enviro Systems AB is −129% (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 Scandinavian Enviro Systems AB (SES)?
On an EBIT basis the return on assets of Scandinavian Enviro Systems AB is −24.4% (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 Scandinavian Enviro Systems AB (SES)?
The operating margin of Scandinavian Enviro Systems AB is −11,312% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Scandinavian Enviro Systems AB (SES)?
Revenue at Scandinavian Enviro Systems AB is growing −98.7% versus a year earlier (3y avg +58.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Scandinavian Enviro Systems AB (SES) generate?
The free cash flow of Scandinavian Enviro Systems AB is −73.5M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Scandinavian Enviro Systems AB (SES) hold?
Scandinavian Enviro Systems AB holds more cash than debt, 69.9M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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