Soiltech ASA (STECH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Soiltech ASA stock NOK 76.46, price NOK 86.80, that is 11.9% below the price, quality 49 out of 100. Rating: overvalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
26‑month range kr 42.40 – kr 92.00 · fair‑value band kr 32.69 – kr 96.62 · the kr 86.80 price screens above the kr 76.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Soiltech ASA, an innovative cleantech service provider, engages in the treatment, recycling, and handling of contaminated water and solid industrial waste streams in Norway, Europe, and internationally.
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The company offers slop, water, cutting, and swarf treatment, as well as cutting handling and skip, filter units, cleaning, and mud centrifuge services. It is also involved in the sale of services related to fluid treatment, cleaning services and associated services.
The company serves energy sector, aquaculture, municipality and other industries. The company was formerly known as SoilTech AS and changed its name to Soiltech ASA in July 2024. Soiltech ASA was incorporated in 2011 and is based in Sandnes, Norway.
Stock analysis
Soiltech ASA (STECH) currently trades at kr 86.80, while our model-based Fair Value estimate is kr 76.46, 12% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 157.62 per share, and 14 of the 23 models we run sit above the kr 86.80 price.
Bear case: the Asset-Based group reads lowest at kr 18.52, and 9 of the 23 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 32.69 (bear) to kr 96.62 (bull), the price of kr 86.80 sits inside 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 49/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Soiltech ASA reported revenue of 401M NOK in FY2025 versus 177M NOK in FY2022, a compound +31.3%/yr. Reported net income was 32.2M NOK in FY2025, compounding +30.0%/yr from FY2022.
Key figures
Market cap 719M NOK (≈ $76.2M) Micro · P/E ratio 20.1 · P/S ratio 1.62 · EPS (TTM) kr 4.32 · Net margin 8.0% · Return on assets (EBIT) 8.9% (4-year average) · Free cash flow 14.5M NOK · Net debt 82.6M NOK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 32% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −25% fair-value upside, at −12%, STECH screens cheaper than that median.
Fair Value models
Bearkr 32.69Fair Value kr 76.46Bullkr 96.62
Price kr 86.80 · Downside -11.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 3.70 per share) are deliberately not added.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.Coverage ⓘCoverage = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+46.4%
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.
+31.3%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+16.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.6%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2025 ⓘ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.13% → 15%
2025 sits 111% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+36.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about +33.6% a year for the price.
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 · 155 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−11.9% · Below median
Profitability
Return on assets5.5% · Top 25%
Net margin (12 months)8.0% · Above median
Operating margin (12 months)0.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Balance sheet
Debt / equity0.51× · Above median
Valuation Multiplesvs Waste Management median · lower = cheaper
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). "Soiltech ASA Fair Value". https://www.fairvalue-calculator.com/stock/STECH
Frequently asked questions
Is Soiltech ASA (STECH) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of kr 76.46 versus a price of kr 86.80, about 12% lower (overvalued).
What is the fair value of STECH?
Our model-based fair value for Soiltech ASA is kr 76.46 (as of Nov 9, 2026), built from audited fundamentals. The current price: kr 86.80.
What is the quality score of STECH?
Soiltech ASA has a Quality Score of 49/100. 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 Soiltech ASA (STECH)?
Our model-based price target is the fair value of kr 76.46 (as of Nov 9, 2026) from 23 valuation models. Cautious scenario kr 32.69, optimistic scenario kr 96.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Soiltech ASA stock forecast for 2026?
Our models put fair value at kr 76.46, about 12% lower versus a price of kr 86.80 (overvalued). Cautious scenario kr 32.69, optimistic scenario kr 96.62. The calculation is refreshed regularly with new filings.
What growth is priced into Soiltech ASA (STECH)?
For today's price to be fair in a discounted-cash-flow model, Soiltech ASA would have to grow free cash flow by +36.9 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +31.3 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of STECH use?
Our models discount Soiltech ASA at 12.5 %: a base by market capitalisation (micro), country premium for Norway. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Soiltech ASA that is +36.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has Soiltech ASA (STECH) delivered so far?
Over the past 3 years revenue at Soiltech ASA grew +31.3 % a year. The price currently implies free-cash-flow growth of +36.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Soiltech ASA (STECH) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Soiltech ASA (+36.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Soiltech ASA (STECH)?
The free-cash-flow yield on the price is 2.02 %: that much free cash flow Soiltech ASA produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Soiltech ASA (STECH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Soiltech ASA it is kr 76.46 per share (as of Nov 9, 2026), against a price of kr 86.80. It is the blended result of 23 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Soiltech ASA stock overvalued or undervalued in 2026?
As of Nov 9, 2026, STECH trades above its calculated fair value: price kr 86.80, fair value kr 76.46, a gap of about −12% (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 STECH?
No. The price is what the market pays today (kr 86.80); the fair value is what the company's own numbers justify (kr 76.46). For Soiltech ASA the two are kr 10.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is Soiltech ASA worth?
The market values Soiltech ASA at about 719M NOK (market capitalisation, as of Nov 9, 2026). Per share that is kr 86.80; our models calculate a fair value of kr 76.46 per share.
What do the bullish and bearish scenarios say about STECH?
Our models span a range for Soiltech ASA: cautious scenario kr 32.69, base kr 76.46, optimistic kr 96.62 per share (as of Nov 9, 2026, price kr 86.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of STECH?
Soiltech ASA trades at a price-to-earnings ratio of 20.1 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 76.46 is built from several models across several years. Other multiples: P/B 0.3, EV/EBITDA 1.6.
How solid is the balance sheet of Soiltech ASA (STECH)?
Balance-sheet figures for Soiltech ASA (as of Nov 9, 2026): debt of 0.51 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is STECH from its 52-week high?
Soiltech ASA trades at kr 86.80, about 6% below its 52-week high of kr 92.00 and 32% above the low of kr 66.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 76.46 is for.
Which stocks are comparable to Soiltech ASA?
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 Soiltech ASA stock attractive at the current price?
The data as of Nov 9, 2026: price kr 86.80, calculated fair value kr 76.46 (−12%), Quality Score 49/100, from 23 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 STECH calculated?
We run Soiltech ASA through 23 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 76.46 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Soiltech ASA 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 Soiltech ASA (STECH)?
The closing price on Nov 6, 2026 was kr 86.80. Our model-based fair value is kr 76.46, about 12% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Soiltech ASA right now?
The model range is unusually wide (kr 32.69 to kr 96.62). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Soiltech ASA
How large is the market capitalisation of Soiltech ASA (STECH)?
The market capitalisation of Soiltech ASA is 719M NOK (≈ $76.2M). 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 Soiltech ASA (STECH)?
The price-to-sales ratio of Soiltech ASA is 1.62 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Soiltech ASA (STECH)?
Earnings per share at Soiltech ASA are kr 4.32 (price ÷ EPS = P/E 20.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Soiltech ASA (STECH)?
The net margin of Soiltech ASA is 8.0% (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 EBIT return on assets of Soiltech ASA (STECH)?
On an EBIT basis the return on assets of Soiltech ASA is 8.9% (avg 4y). 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.
How much net debt does Soiltech ASA (STECH) carry?
The net debt of Soiltech ASA is 82.6M NOK (fiscal year 2025, ≈ 5.7 yrs of FCF). 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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Some data
Nov 9, 2026