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Svenska Aerogel Holding AB
(AERO)
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Rating:42Neutral
Price Target:
kr0.43
▼(-71.47% Downside)
Action:Upgraded
Date:10/24/26
The score is driven primarily by weak financial performance—ongoing losses and heavy cash burn outweigh the benefit of zero debt. Technical indicators add further pressure with a pronounced downtrend and negative momentum. Valuation is constrained by a negative P/E (loss-making) and no dividend yield data to provide income support.
Positive Factors
Debt-free balance sheet
The absence of debt materially reduces interest burden and refinancing exposure, giving the company greater financial flexibility than a leveraged peer. This cleaner capital structure can help management direct future funding toward production scale-up and customer adoption.
Negative Factors
Severe cash burn
Persistent negative operating and free cash flow means the business is not currently funding itself through operations. Continued cash burn can require external financing, dilute existing owners, or constrain investment in manufacturing capacity and commercial expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt materially reduces interest burden and refinancing exposure, giving the company greater financial flexibility than a leveraged peer. This cleaner capital structure can help management direct future funding toward production scale-up and customer adoption.
Read all positive factors
Svenska Aerogel Holding AB (AERO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr23.77M
Dividend Yield0%
Average Volume (3M)118.85K
Price to Earnings (P/E)―
Beta (1Y)1.00
Revenue Growth-11.55%
EPS Growth60.56%
CountrySE
Employees11
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.83
Shares Outstanding53,298,460
10 Day Avg. Volume81,112
30 Day Avg. Volume118,850
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 makes money primarily by selling aerogel-based materials (notably Quartzene®) to industrial customers. Revenue is generated when the company supplies its material—typically as a powder/granulate or as part of a formulated solution—...
Svenska Aerogel Holding AB Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.01M | 4.71M | 2.59M | 3.12M | 6.35M | 1.79M |
| Gross Profit | -11.04M | -10.80M | -13.94M | -14.72M | 8.79M | 4.99M |
| EBITDA | -23.96M | -24.85M | -25.82M | -33.47M | -29.68M | -30.14M |
| Net Income | -30.86M | -31.90M | -34.24M | -44.11M | -40.27M | -40.64M |
Balance Sheet | ||||||
| Total Assets | 38.36M | 45.64M | 45.26M | 58.51M | 74.41M | 101.03M |
| Cash, Cash Equivalents and Short-Term Investments | 6.32M | 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 | 5.82M | 7.84M | 11.50M | 33.47M | 31.00M | 38.37M |
| Stockholders Equity | 32.53M | 37.80M | 33.76M | 25.04M | 43.40M | 62.66M |
Cash Flow | ||||||
| Free Cash Flow | -26.39M | -26.11M | -28.45M | -38.30M | -41.46M | -33.84M |
| Operating Cash Flow | -26.11M | -25.66M | -28.30M | -37.88M | -37.34M | -31.13M |
| Investing Cash Flow | -342.00K | -456.00K | -152.00K | -419.00K | -4.12M | -2.89M |
| Financing Cash Flow | 17.02M | 32.87M | 23.97M | 30.27M | 21.34M | 41.34M |
Svenska Aerogel Holding AB Technical Analysis
Negative
1.50
Price Trends
0.59
Negative
0.71
Negative
1.02
Negative
Market Momentum
-0.05
Negative
37.91
Neutral
61.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AERO, the sentiment is Negative. The current price of 1.5 is above the 20-day moving average (MA) of 0.46, above the 50-day MA of 0.59, and above the 200-day MA of 1.02, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 37.91 is Neutral, neither overbought nor oversold. The STOCH value of 61.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | kr31.74B | 17.55 | 12.33% | 4.56% | -0.82% | -7.46% | |
68 Neutral | kr14.87M | 4.56 | ― | ― | -17.14% | 88.76% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | kr83.91M | -1.52 | -176.65% | ― | -21.95% | -28.77% | |
44 Neutral | kr85.47M | -19.61 | -1.52% | 7.50% | -18.26% | 35.77% | |
43 Neutral | kr258.28M | -12.35 | -9.37% | ― | -4.57% | -15.20% | |
42 Neutral | kr23.77M | -0.54 | -87.92% | 0.00% | -11.55% | 60.56% |
* 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.