Cardeon AB (NGM:CARDEO) EV-to-FCF: -19.64 (As of Jul. 05, 2026)


What is Cardeon AB EV-to-FCF?

Cardeon AB NGM:CARDEO -1.72% EV-to-FCF is -19.64 as of Jul. 05, 2026. The stock has 4 warning signs investors should review. Among 937 Asset Management companies, Cardeon AB ranks worse than 106723.48% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Cardeon AB's Enterprise Value is kr48.31 Mil. Cardeon AB's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was kr-2.46 Mil. Therefore, Cardeon AB's EV-to-FCF for today is -19.64.

The historical rank and industry rank for Cardeon AB's EV-to-FCF or its related term are showing as below:

NGM:CARDEO' s EV-to-FCF Range Over the Past 10 Years
Min: -38.3   Med: -3.78   Max: 58.25
Current: -19.64

During the past 9 years, the highest EV-to-FCF of Cardeon AB was 58.25. The lowest was -38.30. And the median was -3.78.

NGM:CARDEO's EV-to-FCF is ranked worse than
100% of 937 companies
in the Asset Management industry
Industry Median: 14.56 vs NGM:CARDEO: -19.64

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-05), Cardeon AB's stock price is kr0.057. Cardeon AB's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was kr-0.017. Therefore, Cardeon AB's PE Ratio (TTM) for today is At Loss.


Cardeon AB  (NGM:CARDEO) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Cardeon AB's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.057/-0.017
=At Loss

Cardeon AB's share price for today is kr0.057.
Cardeon AB's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-0.017.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Cardeon AB EV-to-FCF Related Terms


Cardeon AB EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Cardeon AB's EV-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cardeon AB EV-to-FCF Chart

Cardeon AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only 0.40 -3.67 -2.45 -1.56 -7.50

Cardeon AB Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.45 -2.99 -1.56 -17.34 -7.50

NGM:CARDEO vs BLK, BX, KKR: EV-to-FCF Comparison

For the Asset Management subindustry, Cardeon AB's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cardeon AB EV-to-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Cardeon AB's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Cardeon AB's EV-to-FCF falls into.



Cardeon AB EV-to-FCF Calculation

Cardeon AB's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=48.307/-2.46
=-19.64

Cardeon AB's current Enterprise Value is kr48.31 Mil.
Cardeon AB's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-2.46 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of -19.64 mean?
Cardeon AB (NGM:CARDEO) has a EV-to-FCF of -19.64 as of Jul. 05, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cardeon AB and its competitors. According to the industry distribution chart, Cardeon AB ranks #999999 out of 937 companies in the Asset Management industry.
Is Cardeon AB's EV-to-FCF too high?
Cardeon AB's current EV-to-FCF is -19.64. Based on the distribution chart, Cardeon AB ranks #999999 out of 937 companies in the Asset Management industry, which is in the bottom quartile relative to peers.
How does Cardeon AB's EV-to-FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Cardeon AB ranks #999999 out of 937 companies for EV-to-FCF. This places Cardeon AB in the lower half of its industry. The industry median EV-to-FCF is 14.56. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.56, based on 937 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cardeon AB and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cardeon AB's current EV-to-FCF is -19.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cardeon AB stock overvalued right now?
Based on GuruFocus' analysis, Cardeon AB (NGM:CARDEO) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.01, compared to a current price of kr0.06 — trading 470% above its estimated fair value. The current EV-to-FCF is -19.64. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Cardeon AB (NGM:CARDEO), the current EV-to-FCF is -19.64 as of Jul. 05, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cardeon AB Business Description

Address Gasverksgatan 3, Lund, SWE, SE-222 29
Cardeon AB is an investment company. It primarily invests in Nordic innovative companies and startups within life science.