Cambi stock: fair value
CAMBI.OLThe fair value of Cambi under our model is $7.17, the price is 65% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $5.51 and expensive above $10.24 (uncertainty medium, based on the price swings of the past year).
Calculated with a cost of equity of 8.5%. At 9.5% the fair value would be $5.91, at 7.5% it would be $9.06.
Where the number comes from
From the cash-flow model alone; the profit includes one-off items, so there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.5%. Discounted at 8.5% (floor: government bond yield 3.5% plus 5 percentage points, since beta 0.88 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $7.17 per share: free cash flow for the next ten years, each year discounted to today at 8.5%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 8.5%) |
|---|---|---|---|---|
| 2026 | $35.08M | extrapolated at 30.5% | 0.9217 | $32.33M |
| 2027 | $42.92M | extrapolated at 22.4% | 0.8496 | $36.47M |
| 2028 | $50.09M | extrapolated at 16.7% | 0.7831 | $39.23M |
| 2029 | $56.47M | extrapolated at 12.7% | 0.7218 | $40.76M |
| 2030 | $62.09M | extrapolated at 10.0% | 0.6654 | $41.31M |
| 2031 | $67.07M | extrapolated at 8.0% | 0.6133 | $41.14M |
| 2032 | $71.54M | extrapolated at 6.7% | 0.5653 | $40.44M |
| 2033 | $75.63M | extrapolated at 5.7% | 0.5211 | $39.41M |
| 2034 | $79.44M | extrapolated at 5.0% | 0.4803 | $38.15M |
| 2035 | $83.08M | extrapolated at 4.6% | 0.4427 | $36.78M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $386.02M |
| Terminal value: cash flow 2035 × (1 + 3.5%) / (8.5% − 3.5%) | $1.72B |
| Present value of terminal value (× 0.4427) | $761.25M |
| Equity value (sum plus present value of terminal value) | $1.15B |
| Shares (diluted) | 160.03M |
| Value per share (equity value divided by shares) | $7.17 |
| Fair value (from the cash flow model alone) | $7.17 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = NOK 9.5325)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.