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CARA.ST

Carasent AB (publ) (CARA.ST) fair value

Healthcare · Health Information Services · Nasdaq Stockholm · Sweden
kr 27.00+0.19%
Market cap kr 1.8BNext earnings 2025-04-11Updated Oct 22, 2026
Our verdict
Trades 84% above our fair value
Price
kr 27.00
Model fair valueConfidence: good
kr 14.64
Model range
kr 13.80 to kr 15.64
Fair value kr 14.64
Price kr 27.00
2 models fit Carasent AB (publ) and they agree: 2 of 2 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Bronze40
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionCarasent AB (publ) (CARA.ST)
Fair value (2 models)
kr 14.64
ACCE price target
kr 26.00
Rating
Overvalued
Horizon
12 months
Fair value published on 22 Oct 2026, 12:04 CEST.
ACCE price target published on 23 Oct 2026, 01:53 CEST.
Rating published on 22 Oct 2026, 12:04 CEST.
Price used: kr 27.00 at the close on 23 Oct 2026, 17:30 CEST.
Models: P/E comparison 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
84.5% above
-45.8% to fair value
ACCE score
58
out of 100
P/E
45.8x
1-year return
+5.1%
Dividend yield
0.00%

Carasent AB (publ) in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Carasent sells cloud software to Nordic hospitals and clinics, including its CaraCloud platform for medical record access, referral handling and clinical workflows, and it is growing revenue at 31.6% with an 83.4% gross margin, which points to a subscription model that scales well. The defensible position comes from being embedded in clinical workflows where switching costs are high and procurement runs through public health systems on multi-year contracts. Operating margin of 8.4% is thin, and ROE of 4.8% shows the earnings base is still small, so the investment case rests on operating leverage as revenue compounds. At a trailing P/E of 47.3 with no forward estimate available, the stock is priced for that margin expansion to arrive, which makes margin progression the first thing to verify in the filings. With a market cap of 1.8B SEK and no index membership, the name is small enough that liquidity and coverage gaps are worth checking before any position sizing.

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

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Valuation

INVESTOR
Where CARA.ST's valuation models land
Price
kr 27.00
Model fair value
kr 14.64
Model range
kr 13.80 to kr 15.64
Fair value kr 14.64
Price kr 27.00
The price is above the whole model range.
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

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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  • +Every insider and Congress trade, with how late it was disclosed
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Compare

Where it sits vs peers

News and Record

Recent performance

1 week
-4.8%
1 month
+3.4%
3 months
+13.2%
6 months
+18.9%
YTD
-1.6%
1 year
+5.1%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:53 CESTACCE price targetkr 26.00first publicationkr 26.95
22 Oct 2026, 12:04 CESTRatingOvervaluedfirst publicationkr 27.50
22 Oct 2026, 12:04 CESTFair valuekr 14.64first publicationkr 27.50

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

Growth64Value25Quality66Momentum77Total58
Valuation
Trailing P/E
45.8x
Forward P/E
no data
PEG
no data
P/B
2.20x
EV / Revenue
4.7x
Book value/sh
kr 12.06
Enterprise value
kr 1.7B
Profitability
ROE
4.8%
FCF yield
-0.03%
ROIC
3.4%
Health and risk
Debt / equity
0.04
Dividend yield
0.00%
Beta
0.26

Price

+5.5% · 1Y

Ask anything about CARA.ST

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

This stock Peer Peer median weaker → stronger
P/Ebetter than 0% of peers
low 0.0x45.8xhigh 45.8x
ROEbetter than 67% of peers
low -29%5%high 26%
Div yieldbetter than 67% of peers
low 0.0%0.0%high 12.1%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
CARA.ST Carasent AB (publ)kr 27.00kr 1584% above45.8x4.8%6658
OPRX OptimizeRx Corporation Common Stock$9.15$93% below38.1x3.7%5451
SY So-Young International Inc. American Depository Shares$2.11----15.0%4348
ALCGM.PA Cegedim SA€10.00€2459% below10.5x4.3%5158
SPOK Spok Holdings Inc. Common Stock$10.30$1217% below18.8x8.4%7548
ASCN.SW Ascom Holding AGCHF 5.72CHF 720% below11.0x25.7%7873
AMWL American Well Corporation Class A Common Stock$13.57----29.1%4342

Sector report card

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

Computing percentiles…