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Advenica AB
(ADVE)
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Rating:53Neutral
Price Target:
kr20.00
▲(9.89% Upside)
Action:Reiterated
Date:09/30/26
The score is held back primarily by deteriorating TTM operating performance (revenue down and profitability turning negative) and inconsistent cash generation, despite a notably conservative balance sheet. Technicals are supportive with strong trend signals, but overbought momentum reduces near-term attractiveness, and valuation support is limited due to the negative P/E and low dividend yield.
Positive Factors
Conservative balance sheet
Low leverage reduces financial risk while preserving flexibility to fund operations, withstand earnings pressure, or pursue opportunities without relying heavily on new borrowing. This balance-sheet resilience is a durable support over the next several quarters.
Negative Factors
Revenue and profit deterioration
The shift from profitability to operating and net losses indicates weaker operating leverage and currently reduced earnings quality. If revenue softness persists, fixed costs may remain insufficiently covered, limiting internally funded investment and weakening financial performance over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage reduces financial risk while preserving flexibility to fund operations, withstand earnings pressure, or pursue opportunities without relying heavily on new borrowing. This balance-sheet resilience is a durable support over the next several quarters.
Read all positive factors
Advenica AB (ADVE) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr858.60M
Dividend Yield0.75%
Average Volume (3M)38.11K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth-14.67%
EPS Growth-152.22%
CountrySE
Employees120
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.29
Shares Outstanding43,985,897
10 Day Avg. Volume58,379
30 Day Avg. Volume38,108
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)7.57
Price to Sales (P/S)4.26
P/FCF Ratio-312.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.06
Revenue Forecast (FY)kr210.85M
Advenica AB Business Overview & Revenue Model
Company Description
Advenica AB (publ) develops and sells security solutions for defense and authority, and business customers in Sweden, Finland, and internationally. The company offers cross domain solutions, including SecuriCDS Data Diode, which allows unidirectio...
How the Company Makes Money
Advenica makes money primarily by selling cybersecurity products and associated services to organizations that need certified, high-security environments. Key revenue streams typically include: (1) Product sales: revenue from delivering hardware a...
Advenica AB Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
72
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 170.46M | 203.29M | 162.17M | 148.86M | 118.41M | 101.26M |
| Gross Profit | 91.62M | 108.92M | 90.40M | 86.35M | 98.99M | 71.91M |
| EBITDA | -3.80M | 26.57M | 15.02M | 9.94M | 8.53M | -12.23M |
| Net Income | -12.42M | 16.57M | 8.05M | -4.12M | -1.99M | -17.45M |
Balance Sheet | ||||||
| Total Assets | 192.84M | 199.78M | 225.86M | 183.94M | 178.96M | 126.86M |
| Cash, Cash Equivalents and Short-Term Investments | 79.46M | 96.53M | 118.86M | 81.69M | 92.12M | 22.14M |
| Total Debt | 11.62M | 14.29M | 20.42M | 28.09M | 11.75M | 30.32M |
| Total Liabilities | 93.49M | 85.34M | 124.25M | 90.20M | 81.17M | 87.29M |
| Stockholders Equity | 99.36M | 114.44M | 101.61M | 93.73M | 97.79M | 39.57M |
Cash Flow | ||||||
| Free Cash Flow | 924.00K | -2.77M | 50.94M | -4.58M | 22.74M | -38.59M |
| Operating Cash Flow | 5.99M | 1.72M | 52.05M | 136.00K | 25.77M | -32.42M |
| Investing Cash Flow | -8.78M | -10.52M | -8.86M | -4.27M | -3.03M | -6.17M |
| Financing Cash Flow | -14.07M | -12.28M | -6.63M | -6.29M | 45.45M | 41.16M |
Advenica AB Technical Analysis
Positive
18.20
Price Trends
17.27
Positive
18.42
Positive
18.27
Positive
Market Momentum
0.52
Negative
60.34
Neutral
69.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ADVE, the sentiment is Positive. The current price of 18.2 is above the 20-day moving average (MA) of 17.57, above the 50-day MA of 17.27, and below the 200-day MA of 18.27, indicating a bullish trend. The MACD of 0.52 indicates Negative momentum. The RSI at 60.34 is Neutral, neither overbought nor oversold. The STOCH value of 69.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ADVE.
Advenica AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | kr1.16B | 15.53 | 26.28% | 6.12% | 13.11% | -7.85% | |
65 Neutral | kr3.56B | 18.74 | 17.78% | 1.86% | 0.67% | 15.28% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | kr6.98B | 21.05 | 11.60% | 2.29% | -6.48% | -24.43% | |
57 Neutral | kr2.36B | -2.88 | ― | 1.15% | 4.48% | 82.93% | |
55 Neutral | kr2.60B | -8.81 | -7.72% | 2.56% | -7.52% | -458.49% | |
53 Neutral | kr858.60M | -64.53 | -11.28% | 0.75% | -14.67% | -152.22% |
* Technology Sector Average
SE:ADVE
Advenica AB
18.70
-1.07
-5.42%
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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.