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ACAD.ST

AcadeMedia AB (publ) (ACAD.ST) fair value

Consumer Defensive · Education & Training Services · Nasdaq Stockholm · Sweden
kr 110.40+0.73%
Market cap kr 10.6BNext earnings 2026-11-03Updated Oct 22, 2026
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Our verdict
Trades 56% below our fair value
Price
kr 110.40
Model fair valueConfidence: good
kr 252
Model range
kr 126 to kr 388
Fair value kr 252
Price kr 110
4 models fit AcadeMedia AB (publ) and they partly agree: 2 of 4 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Large discount(i)Gold82
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionAcadeMedia AB (publ) (ACAD.ST)
Fair value (4 models)
kr 252
ACCE price target
kr 129
Rating
Undervalued
Horizon
12 months
Fair value published on 22 Oct 2026, 13:04 CEST.
ACCE price target published on 23 Oct 2026, 01:53 CEST.
Rating published on 22 Oct 2026, 13:04 CEST.
Price used: kr 110 at the close on 23 Oct 2026, 17:30 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
56.2% below
+128.2% to fair value
ACCE score
66
out of 100
P/E
11.4x
forward 10.2x
1-year return
+3.8%
Dividend yield
2.55%

AcadeMedia AB (publ) in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

AcadeMedia runs Swedish and Finnish schools, preschools and upper-secondary programmes, and is one of the few listed education operators in the Nordics with scale in both countries. Its edge is a sheer network of accredited schools in a regulated system where municipalities fund places, which gives it steady, government-backed demand and long operating track records. Revenue growth of 10.6% and a 12.0% operating margin show the model compounding at a healthy clip rather than relying on one-off gains. At a P/E of 11.3 and a forward P/E of 10.2, the market is pricing in little more than flat earnings, which leaves room for an upside if enrolment and margin expansion continue. Worth a deeper look to test whether regulatory or municipal funding risk is priced in at this multiple.

AI-assisted·How I use AIWritten Oct 23, 2026

Next results

Nov 3, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

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Valuation

INVESTOR
Where ACAD.ST's valuation models land
Price
kr 110.40
Model fair value
kr 252
Model range
kr 126 to kr 388
Fair value kr 252
Price kr 110
The price is below the whole model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Compare

Where it sits vs peers

News and Record

Recent performance

1 week
-3.5%
1 month
+6.8%
3 months
+12.5%
6 months
+8.7%
YTD
+11.6%
1 year
+3.8%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:53 CESTACCE price targetkr 129first publicationkr 110
22 Oct 2026, 13:04 CESTRatingUndervaluedfirst publicationkr 113
22 Oct 2026, 13:04 CESTFair valuekr 252first publicationkr 113

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in SEK. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth68Value76Quality51Momentum69Total66
Valuation
Trailing P/E
11.4x
Forward P/E
10.2x
PEG
0.48
P/B
1.41x
EV / Revenue
1.2x
Book value/sh
kr 73.21
Enterprise value
kr 23.9B
Profitability
ROE
14.0%
FCF yield
32.52%
ROIC
3.6%
Health and risk
Debt / equity
2.12
Dividend yield
2.55%
Beta
0.48

Price

+3.8% · 1Y

Ask anything about ACAD.ST

Answered from AcadeMedia AB (publ) fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 50% of peers
low 0.0x11.4xhigh 35.8x
ROEbetter than 50% of peers
low -15%14%high 25%
Div yieldbetter than 67% of peers
low 0.0%2.5%high 4.4%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
ACAD.ST AcadeMedia AB (publ)kr 110.40kr 25256% below11.4x14.0%5166
UTI Universal Technical Institute Inc Common Stock$21.66$1823% above35.8x10.5%4637
APEI American Public Education Inc. Common Stock$48.86$3731% above19.7x15.6%6464
PXED Phoenix Education Partners Inc. Common Stock$24.57$4039% below10.6x25.3%8653
AFYA Afya Limited Class A Common Shares$14.91$3253% below9.1x16.7%8675
COUR Coursera Inc. Common Stock$5.07$1566% below--15.2%4345
LINC Lincoln Educational Services Corporation Common Stock$21.96$10111% above29.7x11.9%4649

Sector report card

Where ACAD.ST ranks against its sector peers on each metric.

Computing percentiles…