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Trifork Group (TRIFOR) Fair Value & Analysis

Technology · DK · Market cap 2.0B DKK

TG Trifork Group TRIFOR · CO
Pricekr 114.50
Fair Valuekr 78.00
Upside-31.9%
Quality58/100
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Healthy Growth
Thin margins · 5.8% net margin
Low debt · generates free cash flow
Trails peers (4/13)
Narrow moat 43/100
Evidence: High Range kr 57.17 – kr 98.82 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from kr 10.62 to kr 78.00 (+634.5%) since Jun 24, 2026. Share price +12.3% over the past month.

A solid business, but screening 32% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 98.82). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

kr 260.22 kr 70.20 Fair Value kr 78.00 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range kr 70.20 – kr 260.22 · fair‑value band kr 57.17 – kr 98.82 · the kr 114.50 price screens above the kr 78.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Trifork Group (TRIFOR) currently trades at kr 114.50, while our model-based Fair Value estimate is kr 78.00, implying the stock looks roughly 31.9% overvalued today. The Quality Score stands at 58/100 (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, Trifork Group generated revenue of 220M DKK at a net margin of 5.8%. Revenue declined 2.3% year over year. It earns a return on equity of 10.4%. Net debt stands at 102M DKK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 57.17 (bear case) to kr 98.82 (bull case); at kr 114.50, 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 near its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -32%, TRIFOR 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (kr 1.11 to kr 29.23). Read the values as a conservative anchor, not as a price target.
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. Evidence
Highest evidence
Growth DCF kr 16.64 kr 28.77 kr 45.23 80
Residual Income kr 5.73 kr 5.87 kr 5.84 76
Rev-Margin DCF kr 10.22 kr 15.80 kr 23.44 74
All 26 models by family
DCF Models
FCF DCF kr 17.12 kr 29.23 kr 52.49 38
Owner Earnings kr 14.41 kr 25.52 kr 43.91 31
5Y Revenue Exit kr 10.22 kr 15.80 kr 23.19 39
5Y EBITDA Exit kr 14.55 kr 25.24 kr 38.98 41
5Y P/E Exit kr 11.41 kr 18.39 kr 26.49 38
10Y Revenue Exit kr 12.43 kr 18.57 kr 27.83 36
10Y EBITDA Exit kr 15.29 kr 25.09 kr 40.59 37
10Y P/E Exit kr 13.34 kr 20.36 kr 30.50 35
Earnings-Based
Graham-Dodd kr 3.63 kr 20.25 kr 28.11 54
Lynch FV kr 5.66 kr 8.08 kr 10.51 50
PEG = 1.0 kr 5.66 kr 8.08 kr 10.51 46
EPV kr 4.24 kr 4.71 kr 5.09 59
Dividend Discount
Gordon GGM kr 0.6700 kr 1.22 kr 1.67 70
DDM Multi-Stage kr 0.6700 kr 1.11 kr 1.30 61
Multiples
P/E Multiple kr 8.02 kr 10.69 kr 13.36 63
P/S Multiple kr 6.82 kr 9.09 kr 11.36 58
P/B Multiple kr 6.82 kr 9.09 kr 11.36 55
EV/EBIT kr 9.19 kr 11.98 kr 14.76 53
EV/EBITDA kr 14.09 kr 18.50 kr 22.92 54
EV/Revenue kr 6.47 kr 8.88 kr 11.30 43
Asset-Based
NCAV (Graham) kr 3.77 kr 5.05 kr 7.54 50
Growth DCF
Growth DCF kr 16.64 kr 28.77 kr 45.23 80
Rev-Margin DCF kr 10.22 kr 15.80 kr 23.44 74
Economic Profit
Residual Income kr 5.73 kr 5.87 kr 5.84 76
ROIC Compounder kr 4.24 kr 4.71 kr 5.09 72
Growth Earnings
Growth-Adj P/E kr 8.31 kr 11.87 kr 15.44 68

Widest divergence: DCF Models (kr 20.36) versus Dividend Discount (kr 1.11). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 220M DKK
Revenue growth (YoY) -2.3%
Net margin 5.8%
Return on equity 10.4%
Free cash flow 27.5M DKK FY2025
P/E ratio 18.9
More key figures
Operating margin 8.3%
EPS (TTM) kr 4.85
EPS growth (YoY) +400%
Net debt 102M DKK FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 58 · Market factors (momentum, volatility) 70

Profitability 33
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

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

Trifork Group AG provides information technology and other business services in Switzerland, Denmark, the United Kingdom, the Netherlands, the United States, and internationally. The company operates through the Products, Services, and Labs segments. Its Products segment develops software, as well as operates IT systems, including conferences.

Full company description

Trifork Group AG provides information technology and other business services in Switzerland, Denmark, the United Kingdom, the Netherlands, the United States, and internationally. The company operates through the Products, Services, and Labs segments. Its Products segment develops software, as well as operates IT systems, including conferences. The Services segment develops software for private and public customers. Its Labs segment focuses on investments in tech startup companies. The company was formerly known as Trifork Holding AG and changed its name to Trifork Group AG in April 2024. Trifork Group AG was founded in 1996 and is based in Schindellegi, Switzerland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Trifork Group reported revenue of kr 221M in FY2025 versus kr 159M in FY2021, a compound +8.6%/yr. Reported net income was kr 10.3M in FY2025, compounding −23.1%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
221M DKK
Latest YoY
+7.1%
Avg. growth/yr (3Y) 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.
+6.0%
Avg. growth/yr (5Y) 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.
+11.1%
Avg. growth/yr (13Y) 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.
+16.6%
Revenue +8.6%/yr
FY21 kr 159M
FY22 kr 185M
FY23 kr 208M
FY24 kr 206M
FY25 kr 221M
Net income −23.1%/yr
FY21 kr 29.3M
FY22 kr 15.2M
FY23 kr 14.6M
FY24 kr 16.6M
FY25 kr 10.3M
Character of growth · EPS growth decomposed (2014-2025) +12.1 % p.a.
Revenue per share +14.7 pp

of which total revenue +16.0 pp · buybacks/dilution −1.4 pp

EBIT margin −4.8 pp
Tax rate −0.1 pp
Residual (interest, one-offs) +2.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

TRIFOR screens 32% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "Trifork Group Fair Value". https://www.fairvalue-calculator.com/stock/TRIFOR

Peer Group

Information Technology Services · 477 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.

Quality Score 58 · Above median
Fair Value upside −32% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 3% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth -2% · Below median
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 20.9× · Pricier than median
P/B 2.09× · Pricier than median
P/S (TTM) 1.38× · Pricier than median
P/FCF 11.0× · Pricier than 75% of peers
EV/EBITDA 13.1× · Pricier than median

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 · sector 21
FUTURE 0 · sector 29
PAST 41 · sector 37
HEALTH 92 · sector 97
DIVIDEND 0 · sector 37

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

Insider activity: 45/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Trifork Group (TRIFOR) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 78.00 versus a price of kr 114.50, about −32% (overvalued).
What is the fair value of TRIFOR?
Our model-based fair value for Trifork Group is kr 78.00 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 114.50.
What is the quality score of TRIFOR?
Trifork Group has a Quality Score of 58/100. 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 revenue of Trifork Group (TRIFOR)?
Trifork Group reported trailing-twelve-month revenue of about 220M DKK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of TRIFOR?
The net profit margin of Trifork Group is about 5.8%, meaning it keeps roughly 5.8% of revenue as net income. Based on the latest reported figures.

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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