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Svenska Aerogel Holding AB
(AERO)
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Rating:47Neutral
Price Target:
kr0.79
▼(-47.20% Downside)
Action:Reiterated
Date:09/07/26
The score is weighed down primarily by very weak financial performance: declining TTM revenue, negative gross profit, extremely large losses, and continued negative operating/free cash flow. Technicals provide only partial support due to a short-term rebound (above 20/50-day averages) but a still-negative longer-term trend (below 100/200-day averages) and mixed momentum indicators. Valuation is also constrained by the negative P/E and zero dividend yield.
Positive Factors
Low Leverage
Minimal debt and low leverage provide financial flexibility while the company works to improve operations. This reduces immediate solvency pressure and preserves more capacity to allocate resources toward commercialization, although that benefit depends on eventually reducing persistent losses.
Negative Factors
Declining Revenue
A falling top line weakens the scale benefits needed to support a specialized materials business and signals that customer adoption or delivered volumes are not yet expanding consistently. Continued revenue contraction would make it harder to absorb costs, fund development, and reach sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Minimal debt and low leverage provide financial flexibility while the company works to improve operations. This reduces immediate solvency pressure and preserves more capacity to allocate resources toward commercialization, although that benefit depends on eventually reducing persistent losses.
Read all positive factors
Svenska Aerogel Holding AB (AERO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr39.80M
Dividend Yield0%
Average Volume (3M)168.41K
Price to Earnings (P/E)―
Beta (1Y)0.79
Revenue Growth-12.33%
EPS Growth62.52%
CountrySE
Employees11
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-1.00
Shares Outstanding49,501,070
10 Day Avg. Volume325,281
30 Day Avg. Volume168,407
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.81
Price to Sales (P/S)6.51
P/FCF Ratio-1.17
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)-0.71
Revenue Forecast (FY)kr7.11M
Svenska Aerogel Holding AB Business Overview & Revenue Model
Company Description
Svenska Aerogel Holding AB (publ), operating through its subsidiary, specializes in the research, development, manufacturing, and global distribution of aerogel. The company's reach extends to customers throughout Europe, North America, and Asia. ...
How the Company Makes Money
Svenska Aerogel primarily makes money by selling its silica aerogel material (Quartzene®) to industrial customers, where the material is used as an input in customers’ products (e.g., insulation solutions and coating/formulation applications). Rev...
Svenska Aerogel Holding AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.68M | 4.71M | 2.59M | 3.12M | 6.35M | 1.79M |
| Gross Profit | -11.54M | -10.80M | -13.94M | -14.72M | 8.79M | 4.99M |
| EBITDA | -26.34M | -24.85M | -25.82M | -33.47M | -31.43M | -31.88M |
| Net Income | -31.50M | -31.90M | -34.24M | -44.11M | -40.27M | -40.64M |
Balance Sheet | ||||||
| Total Assets | 45.43M | 45.64M | 45.26M | 58.51M | 74.41M | 101.03M |
| Cash, Cash Equivalents and Short-Term Investments | 12.76M | 8.30M | 1.54M | 6.03M | 14.05M | 34.17M |
| Total Debt | 0.00 | 697.00K | 3.77M | 8.39M | 13.42M | 18.52M |
| Total Liabilities | 6.40M | 7.84M | 11.50M | 33.47M | 31.00M | 38.37M |
| Stockholders Equity | 39.03M | 37.80M | 33.76M | 25.04M | 43.40M | 62.66M |
Cash Flow | ||||||
| Free Cash Flow | -27.01M | -26.11M | -28.45M | -38.30M | -41.46M | -33.84M |
| Operating Cash Flow | -26.71M | -25.66M | -28.30M | -37.88M | -37.34M | -31.13M |
| Investing Cash Flow | -305.00K | -456.00K | -152.00K | -419.00K | -4.12M | -2.89M |
| Financing Cash Flow | 30.33M | 32.87M | 23.97M | 30.27M | 21.34M | 41.34M |
Svenska Aerogel Holding AB Technical Analysis
Neutral
1.50
Price Trends
0.77
Positive
0.91
Negative
1.19
Negative
Market Momentum
>-0.01
Negative
63.24
Neutral
81.71
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AERO, the sentiment is Neutral. The current price of 1.5 is above the 20-day moving average (MA) of 0.67, above the 50-day MA of 0.77, and above the 200-day MA of 1.19, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 63.24 is Neutral, neither overbought nor oversold. The STOCH value of 81.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:AERO.
Svenska Aerogel Holding AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | kr33.05B | 18.10 | 12.72% | 4.38% | -5.26% | -10.87% | |
69 Neutral | kr27.58M | 7.94 | ― | ― | -17.14% | 88.76% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | kr144.28M | 49.13 | 1.04% | 6.84% | -14.23% | 84.80% | |
54 Neutral | kr327.98M | -17.28 | -8.17% | ― | -1.90% | -13.63% | |
47 Neutral | kr39.80M | -0.80 | -82.08% | 0.00% | -12.33% | 62.52% | |
43 Neutral | kr65.96M | -1.19 | -176.65% | ― | -21.95% | -28.77% |
* Basic Materials Sector Average
SE:AERO
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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.