4C Group AB (4C) AI Stock Analysis

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4C Group AB

(Nasdaq OMX AB:4C)

Select Model

Rating:37Underperform

Price Target:SEK 6.00▼(-9.09% Downside)

Action:downgraded

Date:10/11/26

The stock scores at the minimum of 37, driven by critical financial distress including collapsing margins, persistent losses, and negative cash flows. Technicals confirm a strong downtrend with the price below all key moving averages. The negative P/E ratio underscores the lack of earnings, and the absence of a dividend provides no support. Significant fundamental improvement is needed for a rating upgrade.

Positive Factors

Moderate leverageDebt remains moderate at about 0.64x equity and equity has been fairly stable, giving 4C a balance-sheet cushion. This supports continued operations and preserves more flexibility than a highly leveraged structure, although the benefit is tempered by current losses and rising debt.

Negative Factors

Persistent cash burnPersistent negative operating cash flow and deeply negative free cash flow show that reported operations are not currently converting into cash. Continued cash burn can increase reliance on debt or external funding, limiting investment capacity and making a recovery in cash conversion essential.

4C Group AB (4C) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 264.42M
Dividend Yield: ―
Average Volume (3M): 70.04K
Price to Earnings (P/E): -132.0
Beta (1Y): 1.47
Revenue Growth: -8.60%
EPS Growth: -105.48%
Country: Sweden
Employees: 182
Sector: General
Sector Strength: 55
Industry: Software - Infrastructure

4C Group AB Business Overview & Revenue Model

Company Description

4C Group AB (publ) provides software solutions and expert services for organizational readiness, training, and crisis management worldwide. It offers Exonaut, a software platform that enables management of incidents, crises, risks, and compliance ass...

4C Group AB Financial Statement Overview

Summary

Severe financial stress: Revenue is declining, gross margins collapsed to 4.2%, and the company is unprofitable with negative EBIT/EBITDA. Operating and free cash flows are persistently negative, indicating a cash burn. The balance sheet is not overly leveraged (D/E 0.64), but negative returns on equity and ongoing losses heavily weigh on the score.

Income Statement

22Negative

Balance Sheet

38Negative

Cash Flow

24Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	341.29M	352.39M	343.65M	332.10M	331.28M	263.75M
Gross Profit	5.59M	32.00M	124.47M	123.64M	143.20M	122.58M
EBITDA	55.95M	54.01M	56.44M	14.38M	63.34M	78.05M
Net Income	-1.11M	-16.75M	-3.47M	-9.34M	26.29M	38.99M
Balance Sheet
Total Assets	571.99M	517.50M	437.58M	386.44M	391.65M	243.90M
Cash, Cash Equivalents and Short-Term Investments	1.24M	11.48M	24.17M	62.23M	146.81M	66.03M
Total Debt	171.84M	150.56M	91.57M	61.59M	70.55M	49.45M
Total Liabilities	303.32M	248.63M	200.27M	159.94M	159.89M	136.30M
Stockholders Equity	268.67M	268.86M	237.31M	226.50M	231.76M	107.59M
Cash Flow
Free Cash Flow	-21.70M	-48.42M	-66.83M	-54.82M	-4.00M	55.29M
Operating Cash Flow	-13.73M	-46.98M	-25.70M	-17.75M	24.62M	75.49M
Investing Cash Flow	-38.90M	-42.85M	-41.17M	-37.45M	-28.54M	-20.55M
Financing Cash Flow	34.10M	79.43M	26.77M	-29.08M	78.92M	-14.76M

4C Group AB Technical Analysis

Technical Analysis SentimentNeutral

Last Price6.60

Price Trends

50DMA6.93Negative

100DMA7.48Negative

200DMA8.12Negative

Market Momentum

MACD-0.14Negative

RSI48.16Neutral

STOCH63.71Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:4C, the sentiment is Neutral. The current price of 6.60 is above the 20-day moving average (MA) of 6.53, below the 50-day MA of 6.93, and below the 200-day MA of 8.12, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 48.16 is Neutral, neither overbought nor oversold. The STOCH value of 63.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:4C.

4C Group AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:4C against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:UPSALE	82Outperform	SEK 463.06M	16.98	―	7.91%	11.34%	40.60%
SE:ENEA	62Neutral	SEK 993.01M	12.60	―	―	-2.26%	-17.63%
SE:CLAV	58Neutral	SEK 1.68B	54.11	45.59%	―	29.02%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:ONEF	55Neutral	SEK 487.40M	-24.57	―	―	21.86%	74.32%
SE:DIST	48Neutral	SEK 144.56M	-0.28	―	―	-20.74%	99.08%
SE:4C	37Underperform	SEK 322.00M	-132.00	―	―	-8.60%	-105.48%

* General Sector Average

Performance Comparison

SE:4C and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:4C	4C Group AB	6.60	-6.92	-51.18%
SE:CLAV	Clavister Holding AB	4.52	0.59	15.11%
SE:UPSALE	Upsales Technology AB	27.50	-4.59	-14.29%
SE:DIST	DistIT AB	0.15	-0.01	-4.94%
SE:ONEF	Oneflow AB	17.20	-9.40	-35.34%
SE:ENEA	Enea AB	52.90	-15.90	-23.11%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 11, 2026

4C Group AB AI Stock Analysis