Smartoptics Group AS (SMOP) Fair Value & Analysis
Technology · NO · Market cap 4.3B NOK
Fair value as of: Aug 20, 2026
From 24 valuation models · updated today
Fair value updated Aug 20, 2026, revised from kr 1.09 to kr 10.23 (+838.5%) since Aug 13, 2026. Share price +1.6% over the past month.
A solid business, but screening 77% overvalued on our models.
What matters now
- A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (kr 13.50). The favourable scenario is already priced in.
- A fairly wide model range (kr 7.33 to kr 13.50) 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 Aug 20, 2026.
How to read this chart
60‑month range kr 8.58 – kr 64.00 · fair‑value band kr 7.33 – kr 13.50 · the kr 44.10 price screens above the kr 10.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.
Analysis
Smartoptics Group AS (SMOP) currently trades at kr 44.10, while our model-based Fair Value estimate is kr 10.23, implying the stock looks roughly 76.8% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Technology 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: high).
Over the trailing twelve months, Smartoptics Group AS generated revenue of 83.8M NOK at a net margin of 5.8%. Revenue grew 59.6% year over year. It earns a return on equity of 15.6%. The balance sheet holds a net cash position of 46.4M NOK. Fundamentals as of Aug 20, 2026
Our scenario range runs from kr 7.33 (bear case) to kr 13.50 (bull case); at kr 44.10, 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 31% below its 52-week high and 206% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -77%, SMOP 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.
All 24 models by family
Widest divergence: Growth Earnings (kr 10.13) versus Asset-Based (kr 2.13). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 71 · Market factors (momentum, volatility) 68
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
Smartoptics Group ASA provides optical networking solutions and devices in the Americas, Europe, the Middle East, Africa, and the Asia"Pacific.
Full company description
Smartoptics Group ASA provides optical networking solutions and devices in the Americas, Europe, the Middle East, Africa, and the Asia"Pacific. Its products include flexible open-line systems; multiplexers and optical add/drop multiplexers; modular transponders and muxponders; optical transceivers; active and passive systems; and optical transceivers datasheets, as well as Sosmart software suite. Its solutions are used in metro and regional network applications, as well as in metro access networks. The company serves enterprises, governments, cloud providers, Internet exchanges, and cable and telecom operators through its sales force; and business partners, which include distributors, OEMs, and VARs. The company was founded in 1990 and is headquartered in Oslo, Norway.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Smartoptics Group AS reported revenue of kr 75.3M in FY2025 versus kr 394M in FY2021, a compound −33.9%/yr. Reported net income was kr 4.7M in FY2025, compounding −37.4%/yr from FY2021.
SMOP screens 77% overvalued. Compare with Cisco Systems, Inc →
Peer Group
Communication Equipment · 303 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 Communication Equipment 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.
Insider activity: 40/100
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.
Similar stocks
10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cisco Systems, Inc CSCO | $111.61 | $61.53 | -45% |
| Zhongji Innolight Co 300308 | ¥921.00 | ¥171.09 | -81% |
| Foxconn Industrial Internet Co 601138 | ¥61.83 | ¥28.65 | -54% |
| Eoptolink Technology Inc 300502 | ¥429.90 | ¥176.99 | -59% |
| Nokia Oyj NOK | $10.32 | $3.77 | -63% |
| Motorola Solutions, Inc MSI | $469.74 | $236.33 | -50% |
| Suzhou TFC Optical Communication Co 300394 | ¥240.05 | ¥43.67 | -82% |
| Accton Technology Corporation 2345 | 2,270 TWD | 1,135 TWD | -50% |
| Telefonaktiebolaget LM Ericsson (publ), ERICB | kr 96.52 | kr 157.82 | +64% |
| ZTE Corporation 000063 | ¥33.67 | ¥19.72 | -41% |
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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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