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Arctic Blue Beverages AB
(ARCTIC)
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Rating:46Neutral
Price Target:
kr0.17
▼(-9.47% Downside)
Action:Upgraded
Date:09/26/26
The score is held down primarily by very weak financial performance—negative gross profit, persistent losses, ongoing cash burn, and a highly fragile balance sheet with negative equity and debt exceeding assets. Technicals are comparatively better, with the price above major moving averages and positive MACD, but these signals are outweighed by the underlying fundamentals. Valuation is also constrained by negative earnings and no provided dividend yield.
Positive Factors
Branded Product Model
An own-brand beverage model gives the company control over product positioning, assortment, and channel strategy. If consumer demand improves, branded sales can support repeat distribution and better product mix, providing a foundation for rebuilding revenue and margins over the next several quarters.
Negative Factors
Revenue Contraction
Falling revenue weakens the company’s ability to absorb fixed operating and production costs, particularly while gross profit is already deeply negative. Continued contraction would reduce scale, limit reinvestment capacity, and make a durable return to profitability more difficult over the next two to six months.
Read all positive and negative factors
Positive Factors
Negative Factors
Branded Product Model
An own-brand beverage model gives the company control over product positioning, assortment, and channel strategy. If consumer demand improves, branded sales can support repeat distribution and better product mix, providing a foundation for rebuilding revenue and margins over the next several quarters.
Read all positive factors
Arctic Blue Beverages AB (ARCTIC) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr13.79M
Dividend YieldN/A
Average Volume (3M)401.04K
Price to Earnings (P/E)―
Beta (1Y)-0.97
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. Volume542,684
30 Day Avg. Volume401,042
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 | -14.37M |
| 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
Positive
0.19
Price Trends
0.15
Positive
0.15
Positive
0.15
Positive
Market Momentum
<0.01
Negative
59.45
Neutral
75.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ARCTIC, the sentiment is Positive. The current price of 0.19 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.15, and above the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.45 is Neutral, neither overbought nor oversold. The STOCH value of 75.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | kr435.25M | 15.96 | ― | 1.42% | 21.94% | 53.07% | |
58 Neutral | kr108.42M | 13.78 | ― | 1.43% | 3.50% | 58.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | kr465.03M | -7.29 | ― | ― | 7.99% | 33.84% | |
46 Neutral | kr13.79M | -0.94 | ― | ― | -21.49% | 69.53% |
* General Sector Average
SE:ARCTIC
Arctic Blue Beverages AB
0.17
-0.12
-42.41%
SE:NNH
New Nordic Healthbrands AB
17.50
-5.92
-25.27%
SE:SNX
Premium Snacks Nordic AB
31.60
-7.47
-19.11%
SE:CDON
CDON AB
41.60
-33.40
-44.53%
SE:ARFA
Arctic Falls AB
68.40
-22.60
-24.84%
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.