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Asker Healthcare (ASKER) Fair Value & Analysis

Healthcare · SE · Market cap 30.4B SEK (≈ $3.2B) · ISIN SE0024171458

What is Asker Healthcare really worth?

AH Asker Healthcare ASKER · ST
Pricekr 73.00
Fair Valuekr 28.26
Upside−61.3%
Quality52/100

A solid business, but trading 158% above our fair value of kr 28.26.

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Strengths

Healthy Growth (revenue 3y +12.7 %/yr)
Moderate debt · generates free cash flow

Risks

!Thin margins · 3.4% net margin
!Mixed vs. peers (6/14)
!Narrow moat 41/100
!Weak on dividend: 11 out of 100

For context

·0.53% dividend yield
Evidence: High Range kr 16.49 – kr 35.32

Fair value as of: Aug 27, 2026

From 24 valuation models · updated 9 days ago

Share price −10.6% over the past month.

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 (kr 35.32). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 16.49 to kr 35.32) leaves room in how you read the outcome.

Price vs Fair Value (17 months)

kr 130.59 kr 59.16 Fair Value kr 28.26 Mar 2025 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

17‑month range kr 59.16 – kr 130.59 · fair‑value band kr 16.49 – kr 35.32 · the kr 73.00 price screens above the kr 28.26 fair value. Dashed = 300-day average. As of Aug 27, 2026.

Full chart & analysis →

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Analysis

Asker Healthcare (ASKER) currently trades at kr 73.00, while our model-based Fair Value estimate is kr 28.26, implying the stock looks roughly 158.3% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Healthcare sector. Bull case: the DCF Models group reads highest at a median of kr 35.36 per share, and 0 of the 24 models we run sit above the kr 73.00 price. Bear case: the Asset-Based group reads lowest at kr 11.47, and 24 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Asker Healthcare generated revenue of 17.3B SEK at a net margin of 3.4%. Revenue grew 13.2% year over year. It earns a return on equity of 9.3%. Net debt stands at 4.9B SEK. Fundamentals as of Aug 27, 2026

Our scenario range runs from kr 16.49 (bear case) to kr 35.32 (bull case); at kr 73.00, 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 44% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 36% fair-value upside, at −61%, ASKER screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 0.7950 per share, which is 2.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
EPV best evidence kr 12.67 kr 16.23 kr 19.35 74
FCF DCF kr 16.81 kr 39.01 kr 78.68 71
Growth DCF kr 16.49 kr 36.49 kr 71.06 70
All 24 models by family
DCF Models
FCF DCF kr 16.81 kr 39.01 kr 78.68 71
Owner Earnings kr 16.12 kr 37.71 kr 76.31 68
5Y Revenue Exit kr 15.68 kr 35.36 kr 62.49 66
5Y EBITDA Exit kr 31.19 kr 67.98 kr 115.31 69
5Y P/E Exit kr 12.82 kr 29.34 kr 48.43 65
10Y Revenue Exit kr 15.02 kr 34.03 kr 64.04 60
10Y EBITDA Exit kr 26.23 kr 58.21 kr 109.13 62
10Y P/E Exit kr 13.95 kr 29.57 kr 52.04 58
Earnings-Based
Graham-Dodd kr 8.73 kr 43.35 kr 59.80 61
Lynch FV kr 11.70 kr 16.71 kr 21.72 58
PEG = 1.0 kr 11.70 kr 16.71 kr 21.72 55
EPV best evidence kr 12.67 kr 16.23 kr 19.35 74
Multiples
P/E Multiple kr 21.19 kr 28.26 kr 35.32 63
P/S Multiple kr 16.38 kr 21.84 kr 27.30 58
P/B Multiple kr 16.38 kr 21.84 kr 27.30 55
EV/EBIT kr 24.87 kr 36.06 kr 47.26 65
EV/EBITDA kr 41.31 kr 57.99 kr 74.66 67
EV/Revenue kr 15.25 kr 25.53 kr 35.80 52
Asset-Based
NCAV (Graham) kr 8.56 kr 11.47 kr 17.11 54
Growth DCF
Growth DCF kr 16.49 kr 36.49 kr 71.06 70
Rev-Margin DCF kr 15.68 kr 34.74 kr 59.90 66
Economic Profit
Residual Income kr 14.07 kr 14.94 kr 16.44 68
ROIC Compounder kr 12.67 kr 16.23 kr 22.57 68
Growth Earnings
Growth-Adj P/E kr 18.39 kr 26.28 kr 34.16 65

Widest divergence: DCF Models (kr 35.36) versus Asset-Based (kr 11.47). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 46.8
P/S ratio 1.37 P/E × margin
EPS (TTM) kr 1.56 price ÷ EPS = P/E 46.8
Dividend yield 0.5% payout 25.0%
Net margin 2.9% FY2025
Return on equity 9.3% TTM
More key figures
Profitability
Return on assets (EBIT) 6.7% avg 5y
Operating margin 6.9% TTM
Growth
Revenue (TTM) 17.3B SEK TTM
Revenue growth (YoY) +13.2% 3y avg +12.7%
EPS growth (YoY) +172%
Balance sheet & cash flow
Free cash flow 738M SEK FY2025
Net debt 4.9B SEK FY2025 · ≈ 6.7 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 53 · Market factors (momentum, volatility) 36

Profitability 48
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 98
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.

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

Asker Healthcare Group AB (publ) provides medical supplies, devices, and equipment and related solutions that support patient care.

Full company description

Asker Healthcare Group AB (publ) provides medical supplies, devices, and equipment and related solutions that support patient care. The company supplies and distributes fittings and equipment; veterinary equipment; surgical and diagnostic instruments; medical supplies and equipment for urology, ultrasound diagnostics, laser treatment, and regenerative medicine; medical equipment for operating rooms, polyclinics, and day surgeries; hygiene equipment; equipment and products for beauty clinics; defibrillators and wound care products. In addition, it develops and sells disposable medical supplies under the Evercare, Selefa, and Embra brands; distributes eye surgery products; and develops and sells products for time-management, communication, and cognition for schools, assistive technology centres, and other public services. Further, the company provides support and assistance to people needing wound, diabetes, and urological care; ostomy, urology, and rehab services; ambulance services; and products for physiotherapy practices, as well as supplies exercise and treatment equipment and measurement. Additionally, it sells and rents out various mobility aids and rehab products, such as pressure-relieving mattresses and cushions, as well as manufactures and distributes pressure care products. The company operates in Sweden, Norway, Finland, Estonia, Latvia, Lithuania, Netherlands, Belgium, Luxembourg, Denmark, the United Kingdom, Ireland, Germany, Austria, Switzerland, France, Slovakia, Czech Republic, and Poland. Asker Healthcare Group AB (publ) was founded in 2006 and is headquartered in Danderyd, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Asker Healthcare reported revenue of 16.8B SEK in FY2025 versus 9.4B SEK in FY2021, a compound +15.7%/yr. Reported net income was 492M SEK in FY2025, compounding +1.3%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
16.8B SEK
Latest YoY
+11.7%
Avg. revenue 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.
+12.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+2.3% (1.8 + 0.5)
Revenue +15.7%/yr
FY21 9.4B SEK
FY22 11.7B SEK
FY23 13.5B SEK
FY24 15.0B SEK
FY25 16.8B SEK
Net income +1.3%/yr
FY21 467M SEK
FY22 430M SEK
FY23 203M SEK
FY24 360M SEK
FY25 492M SEK

ASKER screens 158% overvalued. Compare with McKesson Corporation →

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Cite: Fair Value Calculator (2026). "Asker Healthcare Fair Value". https://www.fairvalue-calculator.com/stock/ASKER

Peer Group

Medical Distribution · 78 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 52 · Above median
Fair Value upside −61% · Bottom 25%
Return on equity (TTM) 9% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 3% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 13% · Top 25%
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.64× · Higher than 75% of peers

Valuation Multiples vs Medical Distribution median · lower = cheaper

P/E (TTM) 46.8× · Pricier than 75% of peers
P/B 4.64× · Pricier than 75% of peers
P/S (TTM) 1.76× · Pricier than 75% of peers
P/FCF 4.3× · Pricier than median
EV/EBITDA 19.9× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 26
FUTURE66 · sector 14
PAST37 · sector 22
HEALTH68 · sector 97
DIVIDEND11 · sector 57

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

Insider activity: 40/100

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

Similar stocks

10 more Medical Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
McKesson Corporation MCK $906.77 $819.31 −10%
Cencora, Inc COR $330.97 $211.07 −36%
Cardinal Health, Inc CAH $234.55 $141.77 −40%
Henry Schein, Inc HSIC $88.46 $71.70 −19%
Shanghai Pharmaceuticals Holding 601607 ¥16.37 ¥33.96 +107%
Sinopharm Group 1099 HK$16.75 HK$58.67 +250%
Galenica AG GALE CHF 80.85 CHF 61.79 −24%
Guangzhou Baiyunshan Pharmaceutical Holdings 600332 ¥21.03 ¥28.65 +36%
Jointown Pharmaceutical Group 600998 ¥5.04 ¥9.84 +95%
China National Medicines Corporation 600511 ¥26.84 ¥58.22 +117%

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Frequently asked questions

Is Asker Healthcare (ASKER) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of kr 28.26 versus a price of kr 73.00, about −61% upside (overvalued).
What is the fair value of ASKER?
Our model-based fair value for Asker Healthcare is kr 28.26 (as of Aug 27, 2026), built from audited fundamentals. The current price: kr 73.00.
What is the quality score of ASKER?
Asker Healthcare has a Quality Score of 52/100. 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 Asker Healthcare (ASKER)?
Asker Healthcare reported trailing-twelve-month revenue of about 17.3B SEK (latest available figure, as of Aug 27, 2026).
What is the net profit margin of ASKER?
The net profit margin of Asker Healthcare is about 3.4%, meaning it keeps roughly 3.4% of revenue as net income. Based on the latest reported figures.
Does Asker Healthcare pay a dividend?
Asker Healthcare currently shows a dividend yield of about 0.53% relative to its recent price (as of Aug 27, 2026).
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