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BONEX.ST

Bonesupport Holding AB (publ) (BONEX.ST) fair value

Healthcare · Medical Instruments & Supplies · Nasdaq Stockholm · Sweden
kr 332.60+4.00%
Market cap kr 21.7BNext earnings 2026-10-22Updated Oct 23, 2026
Our verdict
Trades 150% above our fair value
Price
kr 332.60
Model fair valueConfidence: medium
kr 133
Only one of our models could value this stock with confidence, so use it as a guide.
Not used by alerts or posts.
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionBonesupport Holding AB (publ) (BONEX.ST)
Fair value
Not available
ACCE price target
kr 285
Rating
Not rated
Horizon
12 months
ACCE price target published on 23 Oct 2026, 01:53 CEST.
Price used: kr 333 at the close on 23 Oct 2026, 17:30 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and P/E comparison.
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
ACCE score
72
out of 100
P/E
81.5x
forward 76.1x
1-year return
+39.5%
Dividend yield
0.00%

Bonesupport Holding AB (publ) in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

BoneSupport makes CERAMENT, a injectable bone-void filler that hardens in situ to treat fractures and bone defects, with CERAMENT G (gentamicin-loaded) positioned as a combined filler and local antibiotic for infected or high-risk surgical sites. The moat is a single-product franchise with a 92.0% gross margin, a structural tailwind from orthopedic and trauma procedures that favour a fast, off-the-shelf, non-autograft solution, and a clinical evidence base that hospital procurement teams tend to stick with. The near-term driver is adoption of CERAMENT G across more hospitals and wider reimbursement and guideline acceptance for infection-prevention use, which is where the company's revenue growth of 25.1% is coming from. It screens as interesting now because the growth rate and 23.9% operating margin are rare for a company of this size, but the stock trades at 99.6 times trailing earnings and 73.2 times forward earnings, so the entire thesis rests on sustaining high-teens-plus growth for years; that is the question worth testing in a deeper look.

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

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Valuation

INVESTOR
Where BONEX.ST's valuation models land
Price
kr 332.60
Model fair valueConfidence: medium
kr 133
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
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

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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
+31.5%
1 month
+55.7%
3 months
+63.2%
6 months
+40.9%
YTD
+76.9%
1 year
+39.5%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:53 CESTACCE price targetkr 285first publicationkr 320

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

Growth88Value15Quality88Momentum97Total72
Valuation
Trailing P/E
81.5x
Forward P/E
76.1x
PEG
1.75
P/B
14.69x
EV / Revenue
10.5x
Book value/sh
kr 14.42
Enterprise value
kr 13.5B
Profitability
ROE
24.5%
FCF yield
1.06%
ROIC
13.3%
Health and risk
Debt / equity
0.01
Dividend yield
0.00%
Beta
0.31

Price

+40.9% · 1Y

Ask anything about BONEX.ST

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

This stock Peer Peer median weaker → stronger
P/Ebetter than 17% of peers
low 0.0x81.5xhigh 134.7x
ROEbetter than 100% of peers
low -9%25%high 25%
Div yieldbetter than 33% of peers
low 0.0%0.0%high 1.5%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
BONEX.ST Bonesupport Holding AB (publ)kr 332.60--81.5x24.5%8872
ALIF-B.ST AddLife AB (publ)kr 180.70kr 13336% above35.0x11.5%5454
ICUI ICU Medical Inc. Common Stock$168.33$11152% above134.7x1.4%4350
1SXP.DE SCHOTT Pharma AG & Co. KGaA€25.55€1749% above28.6x14.7%6961
ANN.AX Ansell LimitedA$45.76A$4015% above21.6x10.5%6775
MMED MiniMed Group Inc. Common Stock$18.29----8.7%4354
STVN Stevanato Group S.p.A. Ordinary Shares$19.50$1257% above34.2x9.1%6347

Sector report card

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

Computing percentiles…