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XP Chemistries AB (XPC) Fair Value & Analysis

Basic Materials · SE · Market cap 52.0M SEK

XC XP Chemistries AB XPC · ST
Pricekr 0.1700
Fair Valuekr 0.0425
Upside-75.0%
Quality28/100
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Expensive Growth
Thin margins · 0.0% net margin
negative free cash flow
Trails peers (2/8)
Narrow moat 10/100
Evidence: Low Range kr 0.0255 – kr 0.0595 Share as image

Fair value as of: Jul 17, 2026

From 1 valuation models · updated 24 days ago

Share price +4.6% over the past month.

Below-average quality, and screening another 75% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 0.0595). The favourable scenario is already priced in.
  • Weak quality (28/100) 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 (kr 0.0255 to kr 0.0595) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 3.23 kr 0.0315 Fair Value kr 0.0425 Oct 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

57‑month range kr 0.0315 – kr 3.23 · fair‑value band kr 0.0255 – kr 0.0595 · the kr 0.1700 price screens above the kr 0.0425 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

XP Chemistries AB (XPC) currently trades at kr 0.1700, while our model-based Fair Value estimate is kr 0.0425, implying the stock looks roughly 75.0% overvalued today. The Quality Score stands at 28/100 (below-average quality), in the Basic Materials 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).

Trailing-twelve-month revenue stands at 327K SEK. Revenue grew 28.8% year over year. It earns a return on equity of -29.1%. The balance sheet holds a net cash position of 15.2M SEK. Fundamentals as of Jul 17, 2026

Our scenario range runs from kr 0.0255 (bear case) to kr 0.0595 (bull case); at kr 0.1700, 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 59% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -75%, XPC 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.

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
NCAV (Graham) kr 0.0600 kr 0.0800 kr 0.1200 50
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.0600 kr 0.0800 kr 0.1200 50

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Key figures & financial health

Revenue (TTM) 327K SEK
Revenue growth (YoY) +28.8%
Return on equity -29.1%
Free cash flow −9.2M SEK FY2025
Operating margin -4,617%
EPS (TTM) kr -0.0300
More key figures
Net cash 15.2M SEK FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 33 · Market factors (momentum, volatility) 15

Profitability 0
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 10
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 0
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

XP Chemistries AB (publ), a biotechnology company, engages in the development and production of forest-based capsaicin and analogues. It offers animal feed ingredients; personal care and cosmetic ingredients; pure capsaicinoids; and self-defense spray ingredients. The company was incorporated in 2018 and is based in Sundsvall, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

XP Chemistries AB reported revenue of kr 327K in FY2025 versus kr 279K in FY2021, a compound +4.0%/yr. Reported net income was −kr 8.5M in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
327K SEK
Latest YoY
+15.3%
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.
−32.3%
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.
+54.5%
Revenue +4.0%/yr
FY21 kr 279K
FY22 kr 1.1M
FY23 kr 664K
FY24 kr 284K
FY25 kr 327K
Net income
FY21 −kr 4.5M
FY22 −kr 7.9M
FY23 −kr 8.0M
FY24 −kr 7.1M
FY25 −kr 8.5M

XPC screens 75% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "XP Chemistries AB Fair Value". https://www.fairvalue-calculator.com/stock/XPC

Peer Group

Chemicals · 333 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 33 · Bottom 25%
Fair Value upside −75% · Bottom 25%
Return on assets -24% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth 30% · Top 25%

Valuation Multiples vs Chemicals median · lower = cheaper

P/B 0.15× · Cheaper than 75% of peers
P/S (TTM) 15.29× · Pricier than 75% of peers

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 0
FUTURE 100 · sector 20
PAST 0 · sector 19
HEALTH 0 · sector 94
DIVIDEND 0 · sector 27

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.

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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is XP Chemistries AB (XPC) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of kr 0.0425 versus a price of kr 0.1700, about −75% (overvalued).
What is the fair value of XPC?
Our model-based fair value for XP Chemistries AB is kr 0.0425 (as of Jul 17, 2026), built from audited fundamentals. The current price is kr 0.1700.
What is the quality score of XPC?
XP Chemistries AB has a Quality Score of 28/100. 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 XP Chemistries AB (XPC)?
XP Chemistries AB reported trailing-twelve-month revenue of about 327K SEK (latest available figure, as of Jul 17, 2026).
What is the net profit margin of XPC?
The net profit margin of XP Chemistries AB is about 0.0%, meaning it keeps roughly 0.0% 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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