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Clavister Holding AB
(CLAV)
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Rating:51Neutral
Price Target:
kr4.00
▼(-17.70% Downside)
Action:Reiterated
Date:08/21/26
The score is held back primarily by weak cash-flow quality (near-breakeven free cash flow) and still-incomplete operating profitability despite improving results. Technicals are moderately supportive with the price above major moving averages and neutral-to-positive momentum. Valuation is a major risk factor due to the extremely high P/E and no dividend yield provided.
Positive Factors
Revenue Growth
Strong TTM revenue growth indicates improving demand and broader market traction for Clavister’s network security software. If sustained, this expansion can support operating leverage, strengthen partner adoption, and provide a durable base for improving profitability over the next several quarters.
Negative Factors
Negative Operating Profit
Despite positive net income and EBITDA, the core operating result remains loss-making, showing that the cost structure is not fully repaired. Persistent negative EBIT could limit the durability of the turnaround and leave earnings vulnerable if revenue growth moderates.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong TTM revenue growth indicates improving demand and broader market traction for Clavister’s network security software. If sustained, this expansion can support operating leverage, strengthen partner adoption, and provide a durable base for improving profitability over the next several quarters.
Read all positive factors
Clavister Holding AB (CLAV) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.67B
Dividend YieldN/A
Average Volume (3M)671.92K
Price to Earnings (P/E)53.9
Beta (1Y)0.74
Revenue Growth29.02%
EPS GrowthN/A
CountrySE
Employees121
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.08
Shares Outstanding371,426,500
10 Day Avg. Volume986,850
30 Day Avg. Volume671,919
Financial Highlights & Ratios
PEG Ratio-1.67
Price to Book (P/B)9.85
Price to Sales (P/S)4.23
P/FCF Ratio-146.50
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)0.09
Revenue Forecast (FY)kr311.00M
Clavister Holding AB Business Overview & Revenue Model
Company Description
Operating globally from its headquarters in Örnsköldsvik, Sweden, Clavister Holding AB (publ.) and its subsidiaries specialize in creating and distributing robust cybersecurity solutions. Their comprehensive offerings span network protection, iden...
Clavister Holding AB Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
55
Neutral
Cash Flow
42
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 274.19M | 219.22M | 191.66M | 160.61M | 149.41M | 134.04M |
| Gross Profit | 105.29M | -14.22M | 149.99M | 128.67M | 121.67M | 114.85M |
| EBITDA | 54.00M | 29.88M | 31.46M | 16.45M | -48.78M | -40.18M |
| Net Income | 29.37M | 5.30M | -55.98M | -65.35M | -112.83M | -91.14M |
Balance Sheet | ||||||
| Total Assets | 369.28M | 401.03M | 359.23M | 299.36M | 291.15M | 291.54M |
| Cash, Cash Equivalents and Short-Term Investments | 41.74M | 95.93M | 83.21M | 38.66M | 42.41M | 49.89M |
| Total Debt | 109.68M | 122.86M | 244.65M | 313.26M | 288.56M | 241.16M |
| Total Liabilities | 261.95M | 306.94M | 443.45M | 528.24M | 454.69M | 345.26M |
| Stockholders Equity | 107.32M | 94.09M | -84.19M | -228.88M | -163.53M | -53.72M |
Cash Flow | ||||||
| Free Cash Flow | 1.00M | -6.33M | -37.26M | -28.67M | -61.09M | -95.73M |
| Operating Cash Flow | 20.77M | 35.39M | 4.55M | 13.31M | -24.70M | -56.32M |
| Investing Cash Flow | -40.34M | -41.75M | -42.05M | -41.86M | -37.11M | -42.38M |
| Financing Cash Flow | 7.23M | 19.08M | 82.05M | 24.80M | 54.34M | 5.39M |
Clavister Holding AB Technical Analysis
Positive
4.86
Price Trends
4.33
Positive
4.58
Negative
4.51
Negative
Market Momentum
-0.02
Negative
64.52
Neutral
89.17
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CLAV, the sentiment is Positive. The current price of 4.86 is above the 20-day moving average (MA) of 4.11, above the 50-day MA of 4.33, and above the 200-day MA of 4.51, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 64.52 is Neutral, neither overbought nor oversold. The STOCH value of 89.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CLAV.
Clavister Holding AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | kr968.61M | 12.29 | ― | 4.03% | -2.26% | -17.63% | |
57 Neutral | kr105.88M | 39.39 | ― | ― | 16.19% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | kr1.67B | 53.89 | 45.59% | ― | 29.02% | ― | |
49 Neutral | kr543.16M | -36.82 | ― | ― | 20.25% | 21.76% | |
44 Neutral | kr143.08M | -1.94 | -18.04% | ― | -19.38% | -78.61% | |
44 Neutral | kr130.06M | -0.25 | ― | 22.83% | -31.74% | 51.98% |
* General Sector Average
SE:CLAV
Clavister Holding AB
4.50
0.45
11.11%
SE:PREC
Precise Biometrics AB
0.52
-1.91
-78.45%
SE:DIST
DistIT AB
0.14
-0.03
-17.75%
SE:FREJA
Freja eID Group AB
18.00
0.45
2.56%
SE:TSEC
Tempest Security AB
10.10
-0.90
-8.18%
SE:ENEA
Enea AB
51.60
-20.10
-28.03%
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.