Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Enity Holding AB (publ) is a Swedish financial holding company specializing in mortgage services across the Nordic region, including Sweden, Norway, and Finland. It operates through a portfolio of innovative consumer brands such as Bluestep Bank, Bank2, and 60plusbanken, delivering specialized mortgage solutions to individuals underserved by traditional banks. The company offers first and second charge mortgages, equity release loans, and savings accounts via a cloud-based digital operating model that emphasizes accessibility, sustainability, and responsible lending. By assessing each customer's unique potential, Enity Holding AB (publ) advances financial inclusion in the mortgage sector. Formerly known as Bluestep Bank AB (publ), it unified under the Enity identity in 2024, following its founding in 2004 or 2005. Headquartered in Stockholm with approximately 275 employees, the firm plays a key role in the financial and insurance activities industry, particularly in holding companies and financing conduits, strengthening modern mortgage provision in Northern Europe.
kr 6.24
+kr 0.03 (+0.48%)
EOD Jun 23, 2026 · Twelve Data
Revenue grew 15.4%, still solid. Free cash flow declined 167% despite revenue growth, conversion is weakening.
Free cash flow declined 167% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -kr 146M. The business is consuming cash, not generating it.
0.6x earnings, 0.1x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 1.28B
▲ +15.4% YoY
Net Income (TTM)
kr 490M
▲ +20.1% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
kr 3.26B
▼ -167.3% YoY
Op. Cash Flow (TTM)
kr 3.69B
▲ +174.4% YoY
Net Debt
kr 7.01B
Cash & Equiv.
kr 656M
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At a P/E of 0.6 and a price-to-free-cash-flow of 0.1, Enity Holding AB (publ) (ENITY.XSTO) trades below a two-stage DCF intrinsic value of about SEK 3,136.99 per share, so at SEK 6.24 the stock looks undervalued (50,172.3% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Enity Holding AB (publ) scores 57/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 79.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about SEK 3,136.99 per share for ENITY.XSTO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around SEK 2,352.75. At today's SEK 6.24, that puts the stock about 50,172.3% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Enity Holding AB (publ) scores 57 out of 100 on Intrinsiqq's quality score, passing 3 of 6 checks, which makes it a mixed business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, Enity Holding AB (publ) pays a regular dividend of about SEK 4.98 per share per year (typically in quarterly installments), a yield of roughly 79.8% at the current price. That is a payout ratio of about 51.0% of earnings, so the dividend is well covered. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For ENITY.XSTO's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. ENITY.XSTO currently trades below its estimated intrinsic value and scores 57/100 on quality (mixed). It also yields about 79.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.