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CellaVision AB (publ) (CEVI.ST)

SEK134.80 +0.40 (+0.30%)
SE STO Healthcare Medical - Devices
Address Mobilvägen 12 223 62
Lund, SE
CEO Simon Ostergaard
IPO 2007-05-28
ISIN SE0000683484

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Also trades on Other OTC · CLVSF (USD) Stockholm Stock Exchange · CEVI.ST (SEK)
Description

CellaVision AB (publ), a Swedish enterprise established in 1994 and based in Lund, specializes in crafting and distributing advanced digital systems for analyzing blood and other bodily fluids within the healthcare industry. The company serves a global market, with operations extending across Sweden, the wider European continent, the Middle East, Africa, the Americas, and the Asia Pacific region. Their core product line includes automated digital imaging devices such as the CellaVision DM1200 and DM9600, engineered to automatically capture detailed digital images of cells from blood smears and fluid preparations. Additionally, they offer the CellaVision DC-1 analyzer. Beyond hardware, CellaVision provides a suite of specialized software applications. The CellaVision Peripheral Blood Application streamlines and standardizes the morphological assessment of peripheral blood smears, while the CellaVision Advanced RBC Application facilitates a thorough examination of red blood cell morphology. For other body fluids, the CellaVision Body Fluid Application automates and standardizes their morphological evaluation. To enhance operational flexibility, the CellaVision Remote Review Software allows for the review of digital smears without geographical restrictions. Furthermore, the company delivers tools designed for laboratory management and educational purposes. The CellaVision Server Software integrates workflows across single or multiple testing facilities into a cohesive system. The CellaVision Dashboard provides an instant, visual summary of analyzer and reviewer performance data. The cloud-based CellaVision Proficiency Software assists laboratory managers in evaluating, tracking, and developing staff competency in cell morphology. For training and reference, the CellaVision CellAtlas features concise educational modules alongside a comprehensive cell image library. CellaVision also caters to the animal health sector with CellaVision VET, offering digital microscopy solutions for veterinary hematology. These innovative solutions are primarily supplied to hospitals and commercial laboratories worldwide.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SEK134.80 +0.40 (+0.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
58.4K
Beta
0.96
Float Shares
14.40M
Free Float %
60.4%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
134.80
DCF (Unlevered) 92.59 -31.3%
DCF (Levered) 102.87 -23.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-04 Change
Strong Buy 1 0
Buy 3 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
9.32
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
8 / 10
Strong MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Devices: +11.2%
    +4.9% Q1'26: -14.6% (vs Q1'25)
  • EPS growth Medical - Devices: +28.5%
    +8.8% Q1'26: -46.0% (vs Q1'25)
  • FCF margin FCF growth · Medical - Devices: +30.9%
    +21.5% Q1'26: +27.6% (vs Q1'25)
  • EBIT margin Medical - Devices: +6.2%
    +27.0% Q1'26: +17.4% (vs Q1'25)
  • ROIC Medical - Devices: +3.3%
    +22.3% Q1'26: +12.9% (vs Q1'25)
  • Share dilution Medical - Devices: 0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Devices: -0.35×
    0.11× Q1'26: 0.19× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.12) × ERP
WACC = 99% × Ke + 1% × Kd (41.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 93.22 Current price: 134.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
4 EPS Ana.
Dec 2027
4 Rev. Ana.
4 EPS Ana.
Dec 2028
4 Rev. Ana.
4 EPS Ana.
Revenue
239.39M
est: 249.86M (-4.2%)
265.04M
est: 259.21M (+2.2%)
309.31M
est: 310.50M (-0.4%)
364.81M
est: 349.92M (+4.3%)
461.77M
est: 446.49M (+3.4%)
471.44M
est: 481.60M (-2.1%)
565.55M
est: 563.40M (+0.4%)
639.34M
est: 673.98M (-5.1%)
677.29M
est: 726.40M (-6.8%)
723.22M
est: 738.90M (-2.1%)
758.97M
est: 753.67M (+0.7%)
823.53M
804.00M – 852.70M
+9.3% YoY
918.64M
875.95M – 951.35M
+11.6% YoY
1.02B
1.02B – 1.02B
+10.8% YoY
EBITDA
73.13M
est: 77.33M (-5.4%)
75.48M
est: 80.22M (-5.9%)
98.79M
est: 96.10M (+2.8%)
113.83M
est: 108.30M (+5.1%)
150.87M
est: 138.18M (+9.2%)
134.37M
est: 149.05M (-9.8%)
193.60M
est: 174.36M (+11.0%)
198.36M
est: 208.59M (-4.9%)
207.25M
est: 228.83M (-9.4%)
219.75M
est: 232.76M (-5.6%)
237.28M
est: 237.41M (-0.1%)
259.42M
253.27M – 268.61M
+9.3% YoY
289.39M
275.94M – 299.69M
+11.6% YoY
320.69M
320.68M – 320.69M
+10.8% YoY
EBIT
65.47M
est: 63.35M (+3.3%)
74.17M
est: 65.72M (+12.8%)
90.89M
est: 78.73M (+15.5%)
112.26M
est: 88.72M (+26.5%)
130.72M
est: 113.21M (+15.5%)
110.27M
est: 122.11M (-9.7%)
160.16M
est: 142.85M (+12.1%)
158.27M
est: 170.89M (-7.4%)
167.48M
est: 189.43M (-11.6%)
185.02M
est: 192.69M (-4.0%)
204.98M
est: 196.54M (+4.3%)
214.76M
209.67M – 222.37M
+9.3% YoY
239.57M
228.44M – 248.10M
+11.6% YoY
265.48M
265.48M – 265.49M
+10.8% YoY
Net Income
52.82M
est: 58.14M (-9.1%)
59.80M
est: 56.29M (+6.2%)
69.72M
est: 70.72M (-1.4%)
88.69M
est: 85.14M (+4.2%)
99.17M
est: 112.62M (-11.9%)
89.48M
est: 90.78M (-1.4%)
125.34M
est: 121.18M (+3.4%)
118.34M
est: 126.62M (-6.5%)
130.31M
est: 145.06M (-10.2%)
140.72M
est: 144.40M (-2.5%)
153.08M
est: 153.08M (+0.0%)
171.30M
160.72M – 179.77M
+11.9% YoY
201.08M
176.24M – 217.20M
+17.4% YoY
231.83M
194.94M – 264.21M
+15.3% YoY
SGA
81.64M
est: 76.66M (+6.5%)
85.53M
est: 79.53M (+7.5%)
105.54M
est: 95.27M (+10.8%)
120.01M
est: 107.36M (+11.8%)
153.74M
est: 136.99M (+12.2%)
151.52M
est: 147.77M (+2.5%)
165.32M
est: 172.86M (-4.4%)
191.50M
est: 206.79M (-7.4%)
212.66M
est: 218.34M (-2.6%)
221.95M
est: 222.10M (-0.1%)
220.23M
est: 226.53M (-2.8%)
247.53M
241.66M – 256.30M
+9.3% YoY
276.12M
263.29M – 285.95M
+11.6% YoY
305.99M
305.99M – 306.00M
+10.8% YoY
EPS
2.22
est: 2.44 (-8.9%)
2.51
est: 2.36 (+6.4%)
2.92
est: 2.97 (-1.5%)
3.72
est: 3.57 (+4.2%)
4.16
est: 4.72 (-11.9%)
3.75
est: 3.81 (-1.5%)
5.25
est: 5.08 (+3.3%)
4.96
est: 5.31 (-6.6%)
5.46
est: 6.08 (-10.2%)
5.90
est: 6.06 (-2.6%)
6.42
est: 6.36 (+0.9%)
7.17
6.74 – 7.54
+12.7% YoY
8.41
7.39 – 9.11
+17.3% YoY
9.72
8.17 – 11.08
+15.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-04-24 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-04-23 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-22 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-21 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-20 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-17 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-04-16 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
116.55M
OE per share TTM
4.89
Owner's Yield
4.07%
Maintenance CapEx ratio
92.75%
Maint CapEx / Avg PPE
15.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 6 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P International Small Cap ETF GWX 0.03% 291.2K 0.40%
2 Dimensional - International Small Cap ETF DFIS 0.00% 262.4K 0.39%
3 State Street SPDR Portfolio Europe ETF SPEU 0.00% 7.7K 0.07%
4 Dimensional - International Core Equity 2 ETF DFIC 0.00% 71.9K 0.22%
5 State Street SPDR Portfolio Developed World ex-US ETF SPDW 0.00% 105.5K 0.03%
6 Dimensional - International Core Equity Market ETF DFAI 0.00% 0.18%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
899.0K
Shares Outstanding
23.85M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Christer Fahraeus Founder & Director 285.0K male
Elin Bredberg Vice President of Human Resource female
Helena Raihle Corporate Communications & Investor Relations female
Monica Jonsson Interim Chief Financial Officer female
Peter Wilson Vice President of Business Development & Global Marketing male
Simon Ostergaard Chief Executive Officer & President male
Urban Strindlov Vice President of Global Sales male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits