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Arctic Blue Beverages AB
(ARCTIC)
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Rating:41Neutral
Price Target:
kr0.13
▼(-29.47% Downside)
Action:Reiterated
Date:10/28/26
The score is driven primarily by very weak financial performance, including negative gross profit, persistent losses, negative free cash flow, and a highly stressed balance sheet with negative equity and debt exceeding assets. Technicals add modest downside bias (negative MACD and price below key long-term averages). Valuation does not offset these risks due to a negative P/E and no provided dividend yield.
Positive Factors
Losses Narrowing
The reduction in absolute losses provides an initial sign that management may be containing some expenses or improving operating execution. Although profitability remains severely negative, continued progress could reduce the scale of future funding needs and support a path toward improved earnings quality.
Negative Factors
Revenue Contraction
Declining revenue signals weakening demand, distribution, or product traction and reduces the scale available to absorb fixed operating costs. Without a sustained top-line recovery, the company has limited ability to improve margins, fund commercial investment, or move toward durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Losses Narrowing
The reduction in absolute losses provides an initial sign that management may be containing some expenses or improving operating execution. Although profitability remains severely negative, continued progress could reduce the scale of future funding needs and support a path toward improved earnings quality.
Read all positive factors
Arctic Blue Beverages AB (ARCTIC) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr11.32M
Dividend YieldN/A
Average Volume (3M)463.69K
Price to Earnings (P/E)―
Beta (1Y)-0.83
Revenue Growth-21.49%
EPS Growth69.53%
CountrySE
Employees4
SectorGeneral
Sector StrengthN/A
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)-0.18
Shares Outstanding78,594,270
10 Day Avg. Volume466,437
30 Day Avg. Volume463,685
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)-0.86
Price to Sales (P/S)1.58
P/FCF Ratio-0.65
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)N/A
Revenue Forecast (FY)kr18.10M
Arctic Blue Beverages AB Business Overview & Revenue Model
Company Description
Founded in 2017 and based in Stockholm, Sweden, Arctic Blue Beverages AB (publ) manufactures and markets a selection of artisanal drinks internationally, with a presence in countries like Finland, Sweden, Canada, Japan, and Australia. The company'...
How the Company Makes Money
Arctic Blue Beverages AB makes money primarily by selling its branded alcoholic beverages (e.g., spirits and related products) to customers via distribution channels such as alcohol retail monopolies/retailers, wholesalers/distributors, and on-tra...
Arctic Blue Beverages AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
15
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.73M | 4.96M | 5.13M | 6.42M | 9.44M | 8.75M |
| Gross Profit | -15.16M | -12.36M | 1.34M | 1.41M | 518.00K | 4.03M |
| EBITDA | -8.18M | -12.36M | -13.21M | -15.78M | -35.79M | -14.46M |
| Net Income | -12.11M | -15.54M | -16.70M | -18.36M | -37.95M | -15.37M |
Balance Sheet | ||||||
| Total Assets | 7.60M | 13.10M | 14.77M | 12.86M | 24.64M | 20.78M |
| Cash, Cash Equivalents and Short-Term Investments | 208.00K | 3.99M | 764.00K | 367.00K | 1.63M | 1.02M |
| Total Debt | 14.96M | 14.36M | 21.39M | 446.00K | 0.00 | 0.00 |
| Total Liabilities | 23.26M | 22.19M | 29.26M | 10.59M | 4.97M | 2.87M |
| Stockholders Equity | -15.66M | -9.09M | -14.50M | 2.27M | 19.66M | 17.91M |
Cash Flow | ||||||
| Free Cash Flow | -7.49M | -12.01M | -16.36M | -9.94M | -31.86M | -19.86M |
| Operating Cash Flow | -9.77M | -11.89M | -14.58M | -9.94M | -31.86M | -19.86M |
| Investing Cash Flow | 686.00 | -154.00K | -620.00K | 2.36M | 0.00 | -859.00K |
| Financing Cash Flow | 6.13M | 15.31M | 15.59M | 6.29M | 32.28M | 18.24M |
Arctic Blue Beverages AB Technical Analysis
Neutral
0.19
Price Trends
0.14
Negative
0.15
Negative
0.15
Negative
Market Momentum
>-0.01
Negative
49.63
Neutral
78.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ARCTIC, the sentiment is Neutral. The current price of 0.19 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.14, and above the 200-day MA of 0.15, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.63 is Neutral, neither overbought nor oversold. The STOCH value of 78.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:ARCTIC.
Arctic Blue Beverages AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | kr403.29M | 14.97 | ― | 1.52% | 21.94% | 53.07% | |
58 Neutral | kr115.23M | 14.65 | ― | 1.34% | 3.50% | 58.41% | |
58 Neutral | kr529.21M | -6.63 | ― | ― | 7.12% | 8.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | kr11.32M | -0.81 | ― | ― | -21.49% | 69.53% |
* General Sector Average
SE:ARCTIC
Arctic Blue Beverages AB
0.14
-0.04
-22.16%
SE:NNH
New Nordic Healthbrands AB
18.60
-6.10
-24.69%
SE:SNX
Premium Snacks Nordic AB
29.65
-11.19
-27.40%
SE:CDON
CDON AB
47.00
-6.40
-11.99%
SE:ARFA
Arctic Falls AB
70.20
-20.80
-22.86%
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.