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AddLife AB (ALIF-B) Fair Value & Analysis

Healthcare · SE · Market cap 20.2B SEK

AA AddLife AB ALIF-B · ST
Pricekr 157.60
Fair Valuekr 81.17
Upside-48.5%
Quality66/100
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Healthy Growth
Thin margins · 5.5% net margin
Moderate debt · generates free cash flow
0.92% dividend yield
Trails peers (5/14)
Narrow moat 43/100
Evidence: High Range kr 60.87 – kr 107.54 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated today

Share price −3.7% over the past month.

A solid business, but screening 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 107.54). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

kr 379.11 kr 54.95 Fair Value kr 81.17 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range kr 54.95 – kr 379.11 · fair‑value band kr 60.87 – kr 107.54 · the kr 157.60 price screens above the kr 81.17 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

AddLife AB (ALIF-B) currently trades at kr 157.60, while our model-based Fair Value estimate is kr 81.17, implying the stock looks roughly 48.5% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Healthcare 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, AddLife AB generated revenue of 10.4B SEK at a net margin of 5.5%. Revenue declined 2.1% year over year. It earns a return on equity of 10.6%. Net debt stands at 4.0B SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 60.87 (bear case) to kr 107.54 (bull case); at kr 157.60, 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 24% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -46% fair-value upside, at -49%, ALIF-B 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
Growth DCF kr 116.47 kr 251.74 kr 463.80 80
Residual Income kr 41.10 kr 45.97 kr 78.40 76
Rev-Margin DCF kr 67.11 kr 127.23 kr 210.53 74
All 24 models by family
DCF Models
FCF DCF kr 119.93 kr 239.75 kr 524.41 38
Owner Earnings kr 117.15 kr 253.65 kr 513.46 31
5Y Revenue Exit kr 67.11 kr 128.59 kr 213.33 39
5Y EBITDA Exit kr 118.35 kr 241.50 kr 403.68 41
5Y P/E Exit kr 76.34 kr 148.92 kr 235.20 38
10Y Revenue Exit kr 80.82 kr 147.77 kr 254.96 36
10Y EBITDA Exit kr 118.01 kr 233.78 kr 425.11 37
10Y P/E Exit kr 89.36 kr 163.26 kr 274.51 35
Earnings-Based
Graham-Dodd kr 32.47 kr 186.08 kr 258.75 54
Lynch FV kr 52.40 kr 74.86 kr 97.32 50
PEG = 1.0 kr 52.40 kr 74.86 kr 97.32 46
EPV kr 29.08 kr 36.79 kr 43.54 59
Multiples
P/E Multiple kr 78.78 kr 105.04 kr 131.30 63
P/S Multiple kr 60.87 kr 81.17 kr 101.46 58
P/B Multiple kr 60.87 kr 81.17 kr 101.46 55
EV/EBIT kr 67.58 kr 95.85 kr 124.11 53
EV/EBITDA kr 125.04 kr 172.46 kr 219.88 54
EV/Revenue kr 43.31 kr 69.25 kr 95.18 43
Asset-Based
NCAV (Graham) kr 23.20 kr 31.09 kr 46.41 50
Growth DCF
Growth DCF kr 116.47 kr 251.74 kr 463.80 80
Rev-Margin DCF kr 67.11 kr 127.23 kr 210.53 74
Economic Profit
Residual Income kr 41.10 kr 45.97 kr 78.40 76
ROIC Compounder kr 29.08 kr 36.79 kr 43.54 72
Growth Earnings
Growth-Adj P/E kr 79.51 kr 113.58 kr 147.66 68

Widest divergence: DCF Models (kr 163.26) versus Asset-Based (kr 31.09). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 10.4B SEK
Revenue growth (YoY) -2.1%
Net margin 5.5%
Return on equity 10.6%
Free cash flow 1.1B SEK FY2025
P/E ratio 32.8 as of Jun 7, 2026
More key figures
Operating margin 8.7%
EPS (TTM) kr 4.65
Dividend yield 1.0%
EPS growth (YoY) +6.5%
Net debt 4.0B SEK FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 64 · Market factors (momentum, volatility) 41

Profitability 46
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 82
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

AddLife AB (publ), together with its subsidiaries, provides instruments and equipment, consumables, and reagents primarily to medical care, research, colleges, and universities, as well as the food and pharmaceutical industries. The company operates in two segments, Labtech and Medtech.

Full company description

AddLife AB (publ), together with its subsidiaries, provides instruments and equipment, consumables, and reagents primarily to medical care, research, colleges, and universities, as well as the food and pharmaceutical industries. The company operates in two segments, Labtech and Medtech. The Labtech segment offers products, solutions, and services in the areas of diagnostics, and biomedical research and laboratory analysis. It offers products and solutions, including analytical instruments, equipment, microscopes, consumables, and reagents, as well as software support and technical services; and in the areas of microbiology, clinical chemistry, coagulation, molecular biology, research, immunology, point-of-care testing, veterinary diagnostics, as well as in the food industry. This segment also provides training programs for its customers. The Medtech segment provides medical device products for surgery, orthopaedics, critical care, endoscopy, wound care, healthcare IT, ophthalmology, home adaptation, and technical aids, as well as surgical procedures, welfare technology, and assistive devices for the elderly and disabled. It operates in Sweden, the United Kingdom, Ireland, Spain, Denmark, Norway, Italy, Finland, Switzerland, Germany, Poland, Austria, rest of Europe, and internationally. AddLife AB (publ) was founded in 1906 and is based in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AddLife AB reported revenue of kr 10.4B in FY2025 versus kr 8.0B in FY2021, a compound +6.9%/yr. Reported net income was kr 560M in FY2025, compounding −6.1%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
10.4B SEK
Latest YoY
+1.5%
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.
+4.8%
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.
+14.6%
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.
+20.7%
Revenue +6.9%/yr
FY21 kr 8.0B
FY22 kr 9.1B
FY23 kr 9.7B
FY24 kr 10.3B
FY25 kr 10.4B
Net income −6.1%/yr
FY21 kr 719M
FY22 kr 480M
FY23 kr 190M
FY24 kr 252M
FY25 kr 560M
Character of growth · EPS growth decomposed (2014-2025) +10.9 % p.a.
Revenue per share +17.6 pp

of which total revenue +21.6 pp · buybacks/dilution −4.1 pp

EBIT margin −0.9 pp
Tax rate −1.7 pp
Residual (interest, one-offs) −4.1 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).

ALIF-B screens 49% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "AddLife AB Fair Value". https://www.fairvalue-calculator.com/stock/ALIF-B

Peer Group

Medical Instruments & Supplies · 201 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 66 · Top 25%
Fair Value upside −49% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 4% · Above median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 9% · Below median
Revenue growth -2% · Below median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.52× · Higher than 75% of peers

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 32.8× · Pricier than median
P/B 3.71× · Pricier than 75% of peers
P/S (TTM) 1.95× · Cheaper than median
P/FCF 1.9× · Cheaper than median
EV/EBITDA 15.8× · 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 0
FUTURE 0 · sector 26
PAST 42 · sector 26
HEALTH 74 · sector 96
DIVIDEND 18 · sector 32

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $401.27 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €164.40 €68.55 -58%
Medline Inc MDLN $35.50 $30.15 -15%
Becton, Dickinson and Company BDX $181.41 $100.46 -45%
Alcon Inc ALC $73.58 $39.78 -46%
ResMed Inc RMD $226.00 $187.89 -17%
West Pharmaceutical Services, Inc WST $352.29 $141.58 -60%
Sartorius Stedim Biotech S.A DIM €180.30 €48.88 -73%
Straumann Holding STMN CHF 102.05 CHF 47.31 -54%
Coloplast A/S COLOB kr 429.70 kr 382.22 -11%

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Frequently asked questions

Is AddLife AB (ALIF-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 81.17 versus a price of kr 157.60, about −49% (overvalued).
What is the fair value of ALIF-B?
Our model-based fair value for AddLife AB is kr 81.17 (as of Aug 13, 2026), built from audited fundamentals. The current price is kr 157.60.
What is the quality score of ALIF-B?
AddLife AB has a Quality Score of 66/100. 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 AddLife AB (ALIF-B)?
AddLife AB reported trailing-twelve-month revenue of about 10.4B SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ALIF-B?
The net profit margin of AddLife AB is about 5.5%, meaning it keeps roughly 5.5% of revenue as net income. Based on the latest reported figures.
Does AddLife AB pay a dividend?
AddLife AB currently shows a dividend yield of about 0.98% relative to its recent price (as of Aug 13, 2026).

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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