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Svenska Aerogel Holding AB
(AERO)
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Rating:40Underperform
Price Target:
kr0.45
▼(-69.93% Downside)
Action:Downgraded
Date:10/07/26
The score is driven down primarily by very weak financial performance (declining revenue, negative gross profit, large losses, and ongoing cash burn). Technicals also remain bearish with the stock below all key moving averages and negative MACD, despite oversold readings. Valuation provides limited support because losses make P/E unhelpful and there is no dividend yield.
Positive Factors
Low leverage
Minimal debt and low leverage provide financial flexibility compared with a more heavily financed business. This leaves the company less exposed to interest burdens and refinancing pressure, while preserving capacity to support manufacturing scale-up or customer adoption efforts if operating performance improves.
Negative Factors
Declining revenue
Declining trailing revenue signals that customer volumes or adoption are not currently expanding enough to support growth. A shrinking top line can reduce operating leverage, weaken the ability to absorb fixed costs, and make it harder to finance broader commercialization from internally generated sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Minimal debt and low leverage provide financial flexibility compared with a more heavily financed business. This leaves the company less exposed to interest burdens and refinancing pressure, while preserving capacity to support manufacturing scale-up or customer adoption efforts if operating performance improves.
Read all positive factors
Svenska Aerogel Holding AB (AERO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr26.53M
Dividend Yield0%
Average Volume (3M)180.07K
Price to Earnings (P/E)―
Beta (1Y)0.88
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. Volume133,780
30 Day Avg. Volume180,067
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
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
Negative
1.50
Price Trends
0.68
Negative
0.83
Negative
1.12
Negative
Market Momentum
-0.04
Positive
29.40
Positive
3.33
Positive
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 0.67, above the 50-day MA of 0.68, and above the 200-day MA of 1.12, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 29.40 is Positive, neither overbought nor oversold. The STOCH value of 3.33 is Positive, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | kr33.41B | 18.31 | 12.72% | 4.33% | -5.26% | -10.87% | |
63 Neutral | kr17.87M | 5.63 | ― | ― | -17.14% | 88.76% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | kr254.18M | -13.17 | -8.17% | ― | -1.90% | -13.63% | |
52 Neutral | kr115.43M | 40.05 | 1.04% | 8.54% | -14.23% | 84.80% | |
41 Neutral | kr45.62M | -0.77 | -176.65% | ― | -21.95% | -28.77% | |
40 Underperform | kr26.53M | -0.48 | -82.08% | 0.00% | -12.33% | 62.52% |
* 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.