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Sivers IMA Holding AB (SIVE) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Sivers IMA Holding AB stock SEK 10.73, price SEK 15.71, that is 31.7% below the price, quality 31 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology SE · ISIN SE0003917798

SI Sivers IMA Holding AB logo Thin data Nov 10, 2026

Sivers IMA Holding AB

SIVE · ST
Expensive, weak quality

Our calculation puts a fair price 32% below what the stock costs today.

Low debt
Mixed Growth (revenue 5y +25.9 %/yr in SEK)
Revenue last quarter 12% below a year ago.
Fair value kr 10.73 · Overvalued
Quality 31/100
Loss-making · -105.8% net margin (TTM)
Negative free cash flow
Trails peers (2/8)
Narrow moat 13/100 · thin data
Thin data
⟳ CyclicalEstimate
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

kr 101.90 kr 1.80 Fair Value kr 10.73 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range kr 1.80 – kr 101.90 · fair‑value band kr 8.05 – kr 13.41 · the kr 15.71 price screens above the kr 10.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Sivers Semiconductors AB (publ), through its subsidiaries, develops, manufactures, and sells chips, components, modules, and subsystems in North America, Europe, and Asia. The company operates through Wireless and Photonics segments.

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It provides products based on semiconductor technology for 5G mmWave networks, as well as optical semiconductors for fiber networks, wireless optical networks, and sensors.

In addition, the company offers radio-frequency integrated circuits, evaluation kits and 5G RFICs for various applications, such as fixed wireless access, 5G Open RAN, radar, train tracking, and satellite communications.

Further, III-V compound semiconductor laser devices for optical communication, sensing/sensors, and wireless networks. Sivers Semiconductors AB (publ) has a partnership agreement with LioniX International to develop laser technology.

Additionally, it has a strategic partnership with O-Net Technologies and Enablence Technologies Inc. to develop an advanced external light source module for AI datacenters and HPC systems; Tachyon Networks Inc. for the development of 28GHz and 60GHz mmWave transceivers for the fixed wireless access market; and with GLOBALFOUNDRIES Inc. to develop silicon photonics solutions for AI infrastructure market.

The company was founded in 1951 and is based in Kista, Sweden.

Stock analysis

Sivers IMA Holding AB (SIVE) currently trades at kr 15.71, while our estimate is kr 10.73, 32% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: kr 8.05 (bear) to kr 13.41 (bull), the price of kr 15.71 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 31/100 (below-average quality), in the Technology sector.

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

Sivers IMA Holding AB reported revenue of 304M SEK in FY2025 versus 90.7M SEK in FY2021, a compound +35.3%/yr. Reported net income was −187M SEK in FY2025.

Key figures

Market cap 5.4B SEK (≈ $546M) Small · P/S ratio 19.4 · EPS (TTM) kr −0.7400 · Net margin −61.3% · Return on equity −28.7% · Return on assets (EBIT) −11.0% (5-year average) · Operating margin −217% · Revenue (TTM) 278M SEK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (low confidence).

What moves the price

The share trades about 85% below its 52-week high and 442% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −10% fair-value upside, at −32%, SIVE screens richer than that median.

Fair Value

Bear kr 8.05 Fair Value kr 10.73 Bull kr 13.41
Price kr 15.71 · Downside -31.7%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 31/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 8
How much profit the company makes from its sales and capital
Quality Growth 49
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 76
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 33
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 57
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

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. 30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+24.7%
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.
+31.9%
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.
+25.9%
Start year 2020 (pandemic). Over 10 years: +30.6% a year
Revenue growth 16 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.
+18.8%
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.
−89.1% (2020) → −46.5% (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

SIVE screens overvalued: fair value 32% below the price. Compare with NVIDIA Corporation →

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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.Semiconductors · 399 stocks

Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 31 · Bottom 25%
Fair Value upside −31.7% · Above median
Profitability
Return on assets −12.9% · Bottom 25%
Net margin (12 months) −105.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −12.4% · Bottom 25%
Balance sheet
Debt / equity 0.01× · Below median

Valuation Multiplesvs Semiconductors median · lower = cheaper

P/B 5.00× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months) 19.38× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 100
PAST (return on equity)0 · sector 24
HEALTH (low debt)99 · sector 96
DIVIDEND (yield)0 · sector 19

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

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 Semiconductors stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
SK hynix Inc 000660 1,212,000 KRW 1,501,896 KRW +24% vs SIVE
NVIDIA Corporation NVDA $168.89 $196.54 +16% vs SIVE
Taiwan Semiconductor Manufacturing Company TSM $396.48 $427.48 +8% vs SIVE
Broadcom Inc AVGO $331.98 $300.84 −9% vs SIVE
Intel Corporation INTC $58.13 $52.14 −10% vs SIVE
Micron Technology, Inc MU $725.11 $619.48 −15% vs SIVE
Analog Devices, Inc ADI $393.30 $262.04 −33% vs SIVE
Marvell Technology, Inc MRVL $154.39 $87.64 −43% vs SIVE
Advanced Micro Devices, Inc AMD $515.21 $148.02 −71% vs SIVE
Texas Instruments Incorporated TXN $300.52 $81.25 −73% vs SIVE

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Sivers IMA Holding AB: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Sivers IMA Holding AB Fair Value". https://www.fairvalue-calculator.com/stock/SIVE

Frequently asked questions

Is Sivers IMA Holding AB (SIVE) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is kr 10.73 versus a price of kr 15.71, about 32% lower (overvalued).
What is the fair value of SIVE?
Our estimate for Sivers IMA Holding AB is kr 10.73 (as of Nov 10, 2026), built from audited fundamentals. The current price: kr 15.71.
What is the quality score of SIVE?
Sivers IMA Holding 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 price target for Sivers IMA Holding AB (SIVE)?
Our calculated price target is the estimate of kr 10.73 (as of Nov 10, 2026). Cautious scenario kr 8.05, optimistic scenario kr 13.41. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Sivers IMA Holding AB stock forecast for 2026?
Our estimate puts fair value at kr 10.73, about 32% lower versus a price of kr 15.71 (overvalued). Cautious scenario kr 8.05, optimistic scenario kr 13.41. The calculation is refreshed regularly with new filings.
What is the revenue of Sivers IMA Holding AB (SIVE)?
Sivers IMA Holding AB reported trailing-twelve-month revenue of about 278M SEK (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Sivers IMA Holding AB (SIVE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sivers IMA Holding AB it is kr 10.73 per share (as of Nov 10, 2026), against a price of kr 15.71.
Is Sivers IMA Holding AB stock overvalued or undervalued in 2026?
As of Nov 10, 2026, SIVE trades above its calculated fair value: price kr 15.71, fair value kr 10.73, a gap of about −32% (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 SIVE?
No. The price is what the market pays today (kr 15.71); the fair value is what the company's own numbers justify (kr 10.73). For Sivers IMA Holding AB the two are kr 4.98 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sivers IMA Holding AB worth?
The market values Sivers IMA Holding AB at about 5.4B SEK (market capitalisation, as of Nov 10, 2026). Per share that is kr 15.71; our models calculate a fair value of kr 10.73 per share.
What do the bullish and bearish scenarios say about SIVE?
Our models span a range for Sivers IMA Holding AB: cautious scenario kr 8.05, base kr 10.73, optimistic kr 13.41 per share (as of Nov 10, 2026, price kr 15.71). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sivers IMA Holding AB (SIVE)?
Balance-sheet figures for Sivers IMA Holding AB (as of Nov 10, 2026): return on equity −28.7%, debt of 0.01 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is SIVE from its 52-week high?
Sivers IMA Holding AB trades at kr 15.71, about 85% below its 52-week high of kr 101.90 and 442% above the low of kr 2.90 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of kr 10.73 is for.
Which stocks are comparable to Sivers IMA Holding AB?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, 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 Sivers IMA Holding AB stock attractive at the current price?
The data as of Nov 10, 2026: price kr 15.71, calculated fair value kr 10.73 (−32%), Quality Score 31/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Sivers IMA Holding 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 Sivers IMA Holding AB (SIVE)?
The closing price on Nov 10, 2026 was kr 15.71. Our estimate is kr 10.73, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sivers IMA Holding AB right now?
The price sits above even our optimistic bull case (kr 13.41). 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.

Key figures of Sivers IMA Holding AB

How large is the market capitalisation of Sivers IMA Holding AB (SIVE)?
The market capitalisation of Sivers IMA Holding AB is 5.4B SEK (≈ $546M). 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 Sivers IMA Holding AB (SIVE)?
The price-to-sales ratio of Sivers IMA Holding AB is 19.4 (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 Sivers IMA Holding AB (SIVE)?
Earnings per share at Sivers IMA Holding AB are kr −0.7400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sivers IMA Holding AB (SIVE)?
The net margin of Sivers IMA Holding AB is −61.3% (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 Sivers IMA Holding AB (SIVE)?
The return on equity (ROE) of Sivers IMA Holding AB is −28.7% (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 Sivers IMA Holding AB (SIVE)?
On an EBIT basis the return on assets of Sivers IMA Holding AB is −11.0% (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 Sivers IMA Holding AB (SIVE)?
The operating margin of Sivers IMA Holding AB is −217% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sivers IMA Holding AB (SIVE)?
Revenue at Sivers IMA Holding AB is growing −12.4% versus a year earlier (3y avg +31.9%). 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 Sivers IMA Holding AB (SIVE) generate?
The free cash flow of Sivers IMA Holding AB is −124M 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 debt does Sivers IMA Holding AB (SIVE) carry?
The net debt of Sivers IMA Holding AB is 92.5M SEK (fiscal year 2025). 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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