As of May 23, 2025, Qlucore AB (publ) has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $1.25, this represents a potential upside of -8814.5%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -6432.4% |
| Potential Upside (10-year) | -8814.5% |
| Discount Rate (WACC) | 5.2% - 8.5% |
Revenue is projected to grow from $14 million in 04-2024 to $15 million by 04-2034, representing a compound annual growth rate of approximately 0.7%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 04-2024 | 14 | 13% |
| 04-2025 | 9 | -39% |
| 04-2026 | 9 | 6% |
| 04-2027 | 10 | 5% |
| 04-2028 | 11 | 9% |
| 04-2029 | 11 | 7% |
| 04-2030 | 12 | 7% |
| 04-2031 | 14 | 10% |
| 04-2032 | 14 | 2% |
| 04-2033 | 14 | 4% |
| 04-2034 | 15 | 7% |
Net profit margin is expected to improve from -109% in 04-2024 to -109% by 04-2034, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 04-2024 | (16) | -109% |
| 04-2025 | (10) | -109% |
| 04-2026 | (10) | -109% |
| 04-2027 | (11) | -109% |
| 04-2028 | (12) | -109% |
| 04-2029 | (12) | -109% |
| 04-2030 | (13) | -109% |
| 04-2031 | (15) | -109% |
| 04-2032 | (15) | -109% |
| 04-2033 | (16) | -109% |
| 04-2034 | (17) | -109% |
with a 5-year average of $12 million. Projected CapEx is expected to maintain at approximately 86% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 04-2025 | 12 |
| 04-2026 | 13 |
| 04-2027 | 13 |
| 04-2028 | 11 |
| 04-2029 | 9 |
| 04-2030 | 9 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 78 |
| Days Inventory | 0 |
| Days Payables | 16,556 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 3M/2025 | 1 | (0) | 2 | (0) | (1) |
| 2026 | 2 | (0) | 8 | 0 | (6) |
| 2027 | 2 | (0) | 8 | 0 | (7) |
| 2028 | (1) | (0) | 9 | 0 | (11) |
| 2029 | (5) | (0) | 10 | 0 | (15) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -6432.4% |
| 10-Year DCF (Growth) | 0.00 | -8814.5% |
| 5-Year DCF (EBITDA) | 0.00 | -100.0% |
| 10-Year DCF (EBITDA) | 0.00 | -100.0% |
Is Qlucore AB (publ) (QCORE.ST) a buy or a sell? Qlucore AB (publ) is definitely a sell. Based on our DCF analysis, Qlucore AB (publ) (QCORE.ST) appears to be overvalued with upside potential of -8814.5%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider reducing exposure at the current market price of $1.25.