Kaldvik AS (UMB) Fair Value & Analysis
Technology · Market cap €68.1M · ISIN ES0105670006
Risks
Fair value as of: Aug 19, 2026
From 3 valuation models · updated 11 days ago
Share price −2.5% over the past month.
Below-average quality, and trading another 250% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (€1.14). The favourable scenario is already priced in.
- Weak quality (25/100) 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.
- A fairly wide model range (€0.5300 to €1.14) leaves room in how you read the outcome.
Price vs Fair Value (2 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.
How to read this chart
25‑month range €3.08 – €4.98 · fair‑value band €0.5300 – €1.14 · the €3.08 price screens above the €0.8800 fair value. Dashed = 300-day average. As of Aug 19, 2026.
Analysis
Kaldvik AS (UMB) currently trades at €3.08, while our model-based Fair Value estimate is €0.8800, implying the stock looks roughly 71.4% overvalued today. The Quality Score stands at 25/100 (below-average 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: low).
Over the trailing twelve months, Kaldvik AS generated revenue of €17.3M at a net margin of -32.3%. Revenue declined 50.6% year over year. It earns a return on equity of -48.3%. Net debt stands at €32.6M. Fundamentals as of Aug 19, 2026
Our scenario range runs from €0.5300 (bear case) to €1.14 (bull case); at €3.08, 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 26% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -6% fair-value upside, at -71%, UMB 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 3 models by family
Widest divergence: Dividend Discount (€0.8400) versus Asset-Based (€0.7100). Highest evidence: Gordon GGM (66).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 28 · Market factors (momentum, volatility) 44
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Umbrella Global Energy, S.A. operates a photovoltaic solar energy value chain business in Spain, China, and Chile. The company generates renewable electricity.
Full company description
Umbrella Global Energy, S.A. operates a photovoltaic solar energy value chain business in Spain, China, and Chile. The company generates renewable electricity. It also develops charging infrastructure for electric vehicle in public and private spaces; and produces advanced equipment for residential solar self-consumption, as well as commercial and industrial sectors. Umbrella Global Energy, S.A. was formerly known as Umbrella Solar Investment, S.A. and changed its name to Umbrella Global Energy, S.A. in July 2024. The company was incorporated in 2018 and is based in Valencia, Spain.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2019 – FY2023 · reported fiscal years
Kaldvik AS reported revenue of €24.2M in FY2023 versus €13.6M in FY2019, a compound +15.5%/yr. Reported net income was −€5.6M in FY2023.
UMB screens 250% overvalued. Compare with First Solar, Inc →
Peer Group
Solar · 115 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 Solar 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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Solar stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Solar, Inc FSLR | $210.10 | $392.12 | +87% |
| Nextpower Inc NXT | $103.67 | $69.61 | -33% |
| Waaree Energies Limited WAAREEENER | ₹2,624 | ₹2,709 | +3% |
| Tongwei Co 600438 | ¥12.89 | ¥12.13 | -6% |
| Jinko Solar Co 688223 | ¥4.16 | ¥6.47 | +56% |
| Enphase Energy, Inc ENPH | $39.25 | $24.15 | -38% |
| CSI Solar Co 688472 | ¥10.28 | ¥6.76 | -34% |
| Hengdian Group 002056 | ¥21.53 | ¥31.86 | +48% |
| Premier Energies Limited PREMIERENE | ₹1,017 | ₹648.94 | -36% |
| Trina Solar Co 688599 | ¥12.77 | ¥7.97 | -38% |
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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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