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Röko AB (ROKO-B) Fair Value & Analysis

Financial Services · SE · Market cap 28.8B SEK

RA Röko AB ROKO-B · ST
Pricekr 1,916
Fair Valuekr 1,084
Upside-43.4%
Quality67/100
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Healthy Growth
Solidly profitable · 11.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/13)
Moderate moat 57/100
Evidence: High Range kr 813.13 – kr 1,355 Share as image

Fair value as of: Aug 13, 2026

From 11 valuation models · updated today

Fair value updated Aug 13, 2026, revised from kr 877.67 to kr 1,084 (+23.5%) since Jul 16, 2026. Share price −2.8% over the past month.

A solid business, but screening 43% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 1,355). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (17 months)

kr 3,000 kr 1,453 Fair Value kr 1,084 Mar 2025 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

17‑month range kr 1,453 – kr 3,000 · fair‑value band kr 813.13 – kr 1,355 · the kr 1,916 price screens above the kr 1,084 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Röko AB (ROKO-B) currently trades at kr 1,916, while our model-based Fair Value estimate is kr 1,084, implying the stock looks roughly 43.4% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Financial Services 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, Röko AB generated revenue of 6.6B SEK at a net margin of 11.4%. Revenue grew 9.3% year over year. It earns a return on equity of 13.5%. Net debt stands at 1.0B SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 813.13 (bear case) to kr 1,355 (bull case); at kr 1,916, 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 36% below its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -33% fair-value upside, at -43%, ROKO-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 1,132 kr 2,083 kr 4,004 80
Rev-Margin DCF kr 818.25 kr 1,502 kr 2,815 74
P/E Multiple kr 813.13 kr 1,084 kr 1,355 63
All 11 models by family
DCF Models
Owner Earnings kr 1,221 kr 2,746 kr 5,945 31
5Y P/E Exit kr 962.50 kr 2,045 kr 3,507 38
10Y P/E Exit kr 1,049 kr 2,198 kr 4,058 35
Earnings-Based
Graham-Dodd kr 351.07 kr 2,448 kr 3,436 54
Lynch FV kr 983.71 kr 1,405 kr 1,827 50
Multiples
P/E Multiple kr 813.13 kr 1,084 kr 1,355 63
P/B Multiple kr 658.25 kr 877.67 kr 1,097 55
Asset-Based
NCAV (Graham) kr 188.56 kr 252.67 kr 377.12 50
Growth DCF
Growth DCF kr 1,132 kr 2,083 kr 4,004 80
Rev-Margin DCF kr 818.25 kr 1,502 kr 2,815 74
Economic Profit
Residual Income kr 364.84 kr 461.23 kr 1,158 61

Widest divergence: DCF Models (kr 2,198) versus Asset-Based (kr 252.67). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 6.6B SEK
Revenue growth (YoY) +9.3%
Net margin 11.4%
Return on equity 13.5%
Free cash flow 1.0B SEK FY2025
P/E ratio 38.2 as of Jul 16, 2026
More key figures
Operating margin 18.2%
EPS (TTM) kr 51.67
EPS growth (YoY) +0.8%
Net debt 1.0B SEK FY2025

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

Quality Score breakdown

Overall quality 67/100

Of which business quality 66 · Market factors (momentum, volatility) 44

Profitability 47
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 22
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

Röko AB (publ) is a private equity firm specializing in lower middle market, small- and medium-sized businesses. The firm prefers to invest in B2B and B2C markets. The firm typically invests in European region.

Full company description

Röko AB (publ) is a private equity firm specializing in lower middle market, small- and medium-sized businesses. The firm prefers to invest in B2B and B2C markets. The firm typically invests in European region. It typically invests in companies with EBITDA between EUR 2 million ($2.31 million) and EUR 15 million ($17.44 million), along with a margin of at least 15% and EBITDA (A) between $3 million and $15 million and revenue between $15 million and $150 million. The firm only seeks minority stakes. Roko AB (publ) was founded in 2019 and is based in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Röko AB reported revenue of kr 6.5B in FY2025 versus kr 2.1B in FY2021, a compound +32.7%/yr. Reported net income was kr 755M in FY2025, compounding +36.6%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
6.5B SEK
Latest YoY
+4.4%
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.
+14.3%
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.
+60.1%
Revenue +32.7%/yr
FY21 kr 2.1B
FY22 kr 4.3B
FY23 kr 5.6B
FY24 kr 6.2B
FY25 kr 6.5B
Net income +36.6%/yr
FY21 kr 217M
FY22 kr 386M
FY23 kr 541M
FY24 kr 702M
FY25 kr 755M

ROKO-B screens 43% overvalued. Compare with BlackRock, Inc →

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

Peer Group

Asset Management · 690 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 67 · Top 25%
Fair Value upside −43% · Bottom 25%
Return on equity (TTM) 13% · Above median
Return on assets 6% · Above median
Net margin (TTM) 11% · Below median
Operating margin (TTM) 18% · Below median
Revenue growth 9% · Above median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 38.2× · Pricier than 75% of peers
P/B 5.23× · Pricier than 75% of peers
P/S (TTM) 4.36× · Pricier than median
P/FCF 3.0× · Cheaper than median
EV/EBITDA 19.5× · 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 36
FUTURE 47 · sector 14
PAST 54 · sector 24
HEALTH 100 · sector 95
DIVIDEND 0 · sector 68

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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
BlackRock, Inc BLK $1,161 $465.75 -60%
Blackstone Inc BX $146.41 $52.88 -64%
Investor AB INVEB kr 417.90 kr 835.80 +100%
AB Industrivärden INDUA kr 544.00 kr 375.93 -31%
ICICIAMC ICICIAMC ₹3,077 ₹1,132 -63%
Jio Financial Services Limited JIOFIN ₹256.05 ₹171.84 -33%
Hedef Holding HEDEF 267.25 TRY 321.44 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹11,579 ₹11,257 -3%
HDFC Asset Management Company HDFCAMC ₹2,490 ₹866.78 -65%
Nippon Life Asset Management Limited NAMINDIA ₹1,182 ₹311.00 -74%

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Frequently asked questions

Is Röko AB (ROKO-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 1,084 versus a price of kr 1,916, about −43% (overvalued).
What is the fair value of ROKO-B?
Our model-based fair value for Röko AB is kr 1,084 (as of Aug 13, 2026), built from audited fundamentals. The current price is kr 1,916.
What is the quality score of ROKO-B?
Röko AB has a Quality Score of 67/100. 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 Röko AB (ROKO-B)?
Röko AB reported trailing-twelve-month revenue of about 6.6B SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ROKO-B?
The net profit margin of Röko AB is about 11.4%, meaning it keeps roughly 11.4% 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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