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AAC Clyde Space (AAC) AI Stock Analysis
AAC Clyde Space
(Nasdaq OMX AB:AAC)
The overall score of 57 reflects a company at a critical inflection point. The primary strength is a highly positive operational trajectory confirmed by the latest earnings call, underscored by 51% sales growth, a return to positive EBITDA, and a record backlog, all backed by a debt-free balance sheet. However, this is counterbalanced by significant financial risks: a multi-year history of net losses, negative free cash flow, and a weak technical chart. The company's future hinges on its ability to convert its strong backlog into sustained profitability.
AAC Clyde Space (AAC) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 89.91M
- Dividend Yield
- ―
- Average Volume (3M)
- 20.59K
- Price to Earnings (P/E)
- -18.6
- Beta (1Y)
- 0.62
- Revenue Growth
- -12.86%
- EPS Growth
- -1793.94%
- Country
- Sweden
- Employees
- 207
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Aerospace & Defense
AAC Clyde Space Business Overview & Revenue Model
Company Description
Headquartered in Uppsala, Sweden, and established in 2005, AAC Clyde Space AB (publ) specializes in delivering comprehensive solutions and services to the global small satellite industry. The company's reach extends across Sweden, the UK, continental...
AAC Clyde Space Earnings Call Summary
The call conveyed a generally positive operational and financial quarter: strong net sales growth (~51%), positive EBITDA (SEK 10.7m), a healthy order backlog (approaching SEK 1.2bn), progress on strategic contracts (Sterna, INFLECION, SKAO) and the start of revenue timing for VIREON in Q3. Key risks mentioned include revenue concentration on a few large contracts, margin pressure on very large constellation procurements (leading the company to walk away from some bids), and schedule/customer-dependency for programs like SKAO. On balance the achievements, confirmed guidance, and backlog provide a constructive near-term outlook despite the noted commercial and timing risks.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management reiterated full‑year net sales guidance of SEK 440–510 million, an EBITDA margin target of 10% and a positive operational cash flow; Q2 came in line with expectations with net sales up ~51% year‑on‑year, a positive EBITDA of SEK 10.7 million and an order backlog approaching SEK 1.2 billion. They expect VIREON‑1 (with VIREON‑2 under commissioning) to start generating revenue in Q3 with a normal ramp to full contribution by next year, see Sterna as a dominant Products & Missions revenue source over the next two years, noted the INFLECION 12‑satellite award and referenced a EUR 12 million SKAO Band‑1 feed contract (with substantial revenue still to come), and signaled continued heavy activity into Q3 and Q4.
AAC Clyde Space Financial Statement Overview
Summary
Financial performance is mixed. The balance sheet is a fortress with a 0.03 debt-to-equity ratio, providing significant stability. However, persistent net losses (TTM margin -11.6%) and razor-thin EBITDA margins (0.6%) weigh heavily. A positive shift to strong operating cash flow (TTM +35.4M) signals a potential turnaround, but negative free cash flow (-18.8M) shows the business is not yet self-funding its growth.
Income Statement
35NegativeBalance Sheet
78PositiveCash Flow
45Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 327.23M | 295.28M | 352.86M | 276.61M | 196.72M | 179.95M |
| Gross Profit | 82.41M | -34.59M | 247.46M | -43.00M | 135.69M | 110.35M |
| EBITDA | 1.99M | -3.02M | 48.92M | -1.01M | -19.57M | -18.13M |
| Net Income | -37.94M | -46.09M | -5.58M | -41.36M | -46.55M | -39.49M |
Balance Sheet | ||||||
| Total Assets | 1.05B | 895.53M | 988.61M | 938.37M | 881.40M | 874.41M |
| Cash, Cash Equivalents and Short-Term Investments | 126.92M | 30.12M | 49.68M | 59.55M | 52.10M | 96.11M |
| Total Debt | 21.65M | 37.23M | 21.04M | 40.80M | 17.21M | 15.71M |
| Total Liabilities | 281.93M | 184.77M | 285.62M | 275.62M | 217.90M | 195.59M |
| Stockholders Equity | 769.50M | 712.19M | 704.02M | 663.57M | 663.51M | 678.81M |
Cash Flow | ||||||
| Free Cash Flow | -18.83M | -115.42M | 34.63M | -46.09M | -34.44M | -64.68M |
| Operating Cash Flow | 35.43M | -72.60M | 56.79M | 4.88M | 6.43M | -35.46M |
| Investing Cash Flow | -45.92M | -39.09M | -44.64M | -50.97M | -40.87M | -21.78M |
| Financing Cash Flow | 109.55M | 93.63M | -23.00M | 53.91M | -10.27M | 89.64M |
AAC Clyde Space Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AAC, the sentiment is Neutral. The current price of 103.20 is above the 20-day moving average (MA) of 100.65, below the 50-day MA of 106.72, and below the 200-day MA of 120.22, indicating a neutral trend. The MACD of -0.96 indicates Negative momentum. The RSI at 49.73 is Neutral, neither overbought nor oversold. The STOCH value of 72.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:AAC.
AAC Clyde Space Peers Comparison
Overall Rating
SE:SAAB.B76Outperform
SE:MILDEF74Outperform
SE:AFRY67Neutral
SE:REJL.B61Neutral- SE:AAC57Neutral
SE:GOMX47Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SE:SAAB.B | 76Outperform | SEK 364.17B | 48.26 | 15.83% | 0.36% | 28.45% | 44.48% |
| SE:MILDEF | 74Outperform | SEK 12.06B | 36.16 | 20.11% | 0.29% | 75.60% | ― |
| SE:AFRY | 67Neutral | SEK 14.69B | 17.13 | 6.63% | 4.63% | -3.51% | -7.54% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| SE:REJL.B | 61Neutral | SEK 3.40B | 19.84 | 8.01% | 3.52% | 6.51% | -22.98% |
| SE:AAC | 57Neutral | SEK 843.48M | -18.59 | -5.29% | ― | -12.86% | -1793.94% |
| SE:GOMX | 47Neutral | SEK 2.22B | 82.47 | 18.20% | ― | ― | ― |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:AAC | Aac Clyde Space Ab | 103.20 | 7.20 | 7.50% | |
| SE:SAAB.B | Saab AB | 675.20 | 155.37 | 29.89% | |
| SE:AFRY | AFRY AB Class B | 129.70 | -27.04 | -17.25% | |
| SE:MILDEF | MilDef Group AB | 256.00 | 99.43 | 63.51% | |
| SE:REJL.B | Rejlers AB Class B | 149.00 | -43.46 | -22.58% | |
| SE:GOMX | GomSpace Group AB | 12.80 | -5.90 | -31.55% |
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: Aug 19, 2026