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Stenocare AS (STENO) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Stenocare AS stock DKK 0.58, price DKK 0.69, that is 15.2% below the price, quality 54 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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Healthcare DK · ISIN DK0061078425

SA Stenocare AS logo Thin data Nov 10, 2026

Stenocare AS

STENO · CO
Expensive, in a downtrend

Our calculation puts a fair price 15% below what the stock costs today.

Low debt
Revenue last quarter +53% vs. a year ago.
Quality 54/100
Mixed Growth (revenue 3y +16.1 %/yr in DKK)
Fair value kr 0.5814 · Overvalued
Loss-making · -13.9% net margin (TTM)
Negative free cash flow
Trails peers (3/10)
Narrow moat 10/100 · thin data
Thin data
Estimate
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 8.62 kr 0.3100 Fair Value kr 0.5814 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 0.3100 – kr 8.62 · fair‑value band kr 0.4360 – kr 0.7267 · the kr 0.6860 price screens above the kr 0.5814 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

Stenocare A/S cultivates, produces, imports, distributes, and sells prescription-based medical cannabis products to patients in Denmark and internationally. It offers medical cannabis oil products, including THC, THC/CBD, and CBD, as well as CBD100 oil products.

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The company was incorporated in 2017 and is based in Randers, Denmark.

Stock analysis

Stenocare AS (STENO) currently trades at kr 0.6860, while our estimate is kr 0.5814, 15% 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 0.4360 (bear) to kr 0.7267 (bull), the price of kr 0.6860 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 54/100 (solid quality), in the Healthcare sector.

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

Stenocare AS reported revenue of 7.0M DKK in FY2025 versus 1.6M DKK in FY2021, a compound +45.3%/yr. Reported net income was −2.4M DKK in FY2025.

Key figures

Market cap 29.6M DKK (≈ $4.4M) Micro · P/S ratio 2.32 · EPS (TTM) kr −0.3600 · Net margin −34.0% · Return on equity −34.2% · Return on assets (EBIT) −59.6% (5-year average) · Operating margin −21.7% · Revenue (TTM) 12.5M DKK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 75% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at −27% fair-value upside, at −15%, STENO screens cheaper than that median.

Fair Value

Bear kr 0.4360 Fair Value kr 0.5814 Bull kr 0.7267
Price kr 0.6860 · Downside -15.2%
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 54/100

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

Profitability 7
How much profit the company makes from its sales and capital
Quality Growth 100
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 78
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 43
How calm the share price moves, does not count
Price momentum 6
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 40
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. 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+214.5%
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.
+16.1%
Revenue growth 7 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.
+7.8%
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.
−6,066.8% (2020) → −25.8% (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

STENO screens overvalued: fair value 15% below the price. Compare with Merck KGaA →

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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.Drug Manufacturers - Specialty & Generic · 606 stocks

Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 54 · Above median
Fair Value upside −15.2% · Below median
Profitability
Return on assets −18.9% · Bottom 25%
Net margin (12 months) −13.9% · Bottom 25%
Operating margin (12 months) −21.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 53.2% · Top 25%

Valuation Multiplesvs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/B 3.13× · Pricier than median
P/S (12 months) 2.36× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)13 · sector 18
FUTURE (revenue growth)100 · sector 25
PAST (return on equity)0 · sector 25
HEALTH (low debt)100 · sector 96
DIVIDEND (yield)0 · sector 31

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Zoetis Inc ZTS $82.46 $113.53 +38% vs STENO
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥48.55 ¥55.21 +14% vs STENO
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,905 ₹1,983 +4% vs STENO
Haleon plc HLN $9.06 $8.62 −5% vs STENO
Merck KGaA MRK €149.35 €109.18 −27% vs STENO
Galderma Group GALD CHF 188.55 CHF 109.80 −42% vs STENO
Takeda Pharmaceutical Company TAK $20.93 $11.34 −46% vs STENO
Teva Pharmaceutical Industries Limited TEVA $42.40 $20.74 −51% vs STENO
Sandoz Group SDZ CHF 83.38 CHF 39.70 −52% vs STENO
Divi's Laboratories Limited DIVISLAB ₹11,566 ₹1,567 −86% vs STENO

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Stenocare AS: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Stenocare AS Fair Value". https://www.fairvalue-calculator.com/stock/STENO

Frequently asked questions

Is Stenocare AS (STENO) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is kr 0.5814 versus a price of kr 0.6860, about 15% lower (overvalued).
What is the fair value of STENO?
Our estimate for Stenocare AS is kr 0.5814 (as of Nov 10, 2026), built from audited fundamentals. The current price: kr 0.6860.
What is the quality score of STENO?
Stenocare AS has a Quality Score of 54/100. 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 Stenocare AS (STENO)?
Our calculated price target is the estimate of kr 0.5814 (as of Nov 10, 2026). Cautious scenario kr 0.4360, optimistic scenario kr 0.7267. 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 Stenocare AS stock forecast for 2026?
Our estimate puts fair value at kr 0.5814, about 15% lower versus a price of kr 0.6860 (overvalued). Cautious scenario kr 0.4360, optimistic scenario kr 0.7267. The calculation is refreshed regularly with new filings.
What is the revenue of Stenocare AS (STENO)?
Stenocare AS reported trailing-twelve-month revenue of about 12.5M DKK (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Stenocare AS (STENO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Stenocare AS it is kr 0.5814 per share (as of Nov 10, 2026), against a price of kr 0.6860.
Is Stenocare AS stock overvalued or undervalued in 2026?
As of Nov 10, 2026, STENO trades above its calculated fair value: price kr 0.6860, fair value kr 0.5814, a gap of about −15% (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 STENO?
No. The price is what the market pays today (kr 0.6860); the fair value is what the company's own numbers justify (kr 0.5814). For Stenocare AS the two are kr 0.1046 per share apart. That gap is exactly why we show both numbers side by side.
How much is Stenocare AS worth?
The market values Stenocare AS at about 29.6M DKK (market capitalisation, as of Nov 10, 2026). Per share that is kr 0.6860; our models calculate a fair value of kr 0.5814 per share.
What do the bullish and bearish scenarios say about STENO?
Our models span a range for Stenocare AS: cautious scenario kr 0.4360, base kr 0.5814, optimistic kr 0.7267 per share (as of Nov 10, 2026, price kr 0.6860). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Stenocare AS (STENO)?
Balance-sheet figures for Stenocare AS (as of Nov 10, 2026): return on equity −34.2%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is STENO from its 52-week high?
Stenocare AS trades at kr 0.6860, about 75% below its 52-week high of kr 2.72 and 13% above the low of kr 0.6060 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.5814 is for.
Which stocks are comparable to Stenocare AS?
From the same area (Healthcare) we also value Merck KGaA, Takeda Pharmaceutical Company, Galderma Group, Teva Pharmaceutical Industries Limited, 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 Stenocare AS stock attractive at the current price?
The data as of Nov 10, 2026: price kr 0.6860, calculated fair value kr 0.5814 (−15%), Quality Score 54/100. 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. Stenocare AS 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 Stenocare AS (STENO)?
The closing price on Nov 10, 2026 was kr 0.6860. Our estimate is kr 0.5814, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Stenocare AS right now?
Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Stenocare AS

How large is the market capitalisation of Stenocare AS (STENO)?
The market capitalisation of Stenocare AS is 29.6M DKK (≈ $4.4M). 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 Stenocare AS (STENO)?
The price-to-sales ratio of Stenocare AS is 2.32 (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 Stenocare AS (STENO)?
Earnings per share at Stenocare AS are kr −0.3600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Stenocare AS (STENO)?
The net margin of Stenocare AS is −34.0% (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 return on equity of Stenocare AS (STENO)?
The return on equity (ROE) of Stenocare AS is −34.2% (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 Stenocare AS (STENO)?
On an EBIT basis the return on assets of Stenocare AS is −59.6% (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 Stenocare AS (STENO)?
The operating margin of Stenocare AS is −21.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Stenocare AS (STENO)?
Revenue at Stenocare AS is growing +53.2% versus a year earlier (3y avg +16.1%). 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 Stenocare AS (STENO) generate?
The free cash flow of Stenocare AS is −7.2M DKK (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 Stenocare AS (STENO) carry?
The net debt of Stenocare AS is 1.2M DKK (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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