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BRILL.ST

Brilliant Future AB (publ) (BRILL.ST) fair value

Industrials · Consulting Services · Nasdaq Stockholm · Sweden
kr 3.30+0.00%
Market cap kr 46MUpdated Oct 22, 2026
Our verdict
Trades 39% below our fair value
Price
kr 3.30
Model fair valueConfidence: good
kr 5.44
Model range
kr 5.30 to kr 5.59
Fair value kr 5.44
Price kr 3.30
2 models fit Brilliant Future AB (publ) and they agree: 2 of 2 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Large discount(i)
Valued as a cyclical company: EV/EBITDA comparison and Discounted cash flow.
ACCE opinionBrilliant Future AB (publ) (BRILL.ST)
Fair value (2 models)
kr 5.44
ACCE price target
kr 3.20
Rating
Undervalued
Horizon
12 months
Fair value published on 22 Oct 2026, 14:04 CEST.
ACCE price target published on 23 Oct 2026, 01:53 CEST.
Rating published on 22 Oct 2026, 14:04 CEST.
Price used: kr 3.30 at the close on 21 Oct 2026, 17:30 CEST.
Models: Discounted cash flow and EV/EBITDA 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
Price vs fair value
39.4% below
+65.0% to fair value
ACCE score
37
out of 100
1-year return
-32.1%
Dividend yield
0.00%

Brilliant Future AB (publ) in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Brilliant Future AB is a small Stockholm-listed consulting firm, with a market cap of about 46M SEK, that sells advisory and project services to industrial clients. Revenue is shrinking slightly (down 1.4%), the gross margin sits at 11.5%, and the operating margin is negative at -12.2%, so the business is currently losing money on its work. Return on equity of -27.4% confirms that losses are eroding the capital base rather than building it. We have not identified a structural moat or a dated catalyst in the data we hold, and the company has no index membership and no earnings multiple to anchor a valuation. This name merits a deeper look only if the team can source the contract pipeline, the path back to positive operating margin, and the cash runway, since the headline numbers alone point to a turnaround case with no evidence yet.

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

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where BRILL.ST's valuation models land
Price
kr 3.30
Model fair value
kr 5.44
Model range
kr 5.30 to kr 5.59
Fair value kr 5.44
Price kr 3.30
The price is below the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA 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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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Recent performance

1 week
+0.6%
1 month
-1.2%
3 months
-11.8%
6 months
-17.5%
YTD
-26.0%
1 year
-32.1%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:53 CESTACCE price targetkr 3.20first publicationkr 3.30
22 Oct 2026, 14:04 CESTFair valuekr 5.44first publicationkr 3.30
22 Oct 2026, 14:04 CESTRatingUndervaluedfirst publicationkr 3.30

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

Growth43Value57Quality31Momentum17Total37
Valuation
Trailing P/E
no data
Forward P/E
no data
PEG
no data
P/B
1.99x
EV / Revenue
0.4x
Book value/sh
kr 1.49
Enterprise value
kr 32M
Profitability
ROE
-27.4%
FCF yield
20.80%
ROIC
-19.1%
Health and risk
Debt / equity
0.00
Dividend yield
0.00%
Beta
0.90

Price

-29.5% · 1Y

Ask anything about BRILL.ST

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

This stock Peer Peer median weaker → stronger
ROEbetter than 33% of peers
low -42327%-27%high 18%
Div yieldbetter than 100% of peers
low 0.0%0.0%high 0.0%

Peers

Prices Oct 21, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
BRILL.ST Brilliant Future AB (publ)kr 3.30kr 539% below--27.4%3137
INTJ Intelligent Group Limited Class A Ordinary Shares $3.19----19.5%5252
VIMAB.ST Vimab Group AB (publ)kr 2.59----42327.0%2742
GRNQ Greenpro Capital Corp. Common Stock$7.80----26.7%4725
FOFO Hang Feng Technology Innovation Co. Ltd. Ordinary Shares$2.01----169.2%3119
RYOJ rYojbaba Co. Ltd. Common Shares$2.31--231.0x2.8%3330
AERT Aeries Technology Inc. Class A Ordinary Share$6.11--14.2x18.1%5670

Sector report card

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

Computing percentiles…