Clemondo Group AB (CLEM) AI Stock Analysis

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Clemondo Group AB

(Nasdaq OMX AB:CLEM)

Select Model

Rating:46Neutral

Price Target:SEK 6.00▼(-2.60% Downside)

Action:upgraded

Date:08/21/26

Clemondo scores below average. The core issue is profitability: despite revenue returning to record levels, operating and net margins have compressed to roughly 2% and 1%, return on equity has fallen to ~3%, and both operating and free cash flow have declined sharply, while total debt more than doubled over the past year to roughly 3x EBITDA. The reasonably capitalized balance sheet, consistent profitability, low capital expenditure needs and high cash conversion provide some support. Technicals reinforce the caution, with the price below all major moving averages in a bearish trend and negative MACD momentum. Valuation adds further pressure, as a 25x P/E with no dividend appears expensive for the current level of earnings power. A rerating would require management to convert the sales recovery into margin and cash flow improvement.

Positive Factors

Strong Revenue GrowthThe 221.9% TTM revenue increase shows substantial expansion in sales activity and market reach. If the enlarged revenue base is retained, it can provide operating scale and a broader platform for improving profitability, even though current margins remain thin.

Negative Factors

Thin Profit MarginsVery low gross, operating, and net margins leave limited room to absorb cost increases, pricing pressure, or execution setbacks. Thin profitability also means that strong sales growth may not translate into proportionate earnings or robust financial resilience.

Clemondo Group AB (CLEM) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 81.70M
Dividend Yield: ―
Average Volume (3M): 13.90K
Price to Earnings (P/E): 23.1
Beta (1Y): 0.12
Revenue Growth: 9.27%
EPS Growth: -49.93%
Country: Sweden
Employees: 67
Sector: Consumer Defensive
Sector Strength: 62
Industry: Household & Personal Products

Clemondo Group AB Business Overview & Revenue Model

Company Description

Clemondo Group AB (publ), a Swedish company, specializes in the development, production, and distribution of a wide array of cleaning solutions. Their extensive product line addresses diverse needs across sectors such as vehicle maintenance, industri...

Clemondo Group AB Financial Statement Overview

Summary

Financials are mixed and lean negative. Revenue has recovered to record levels (SEK 301.7m TTM), but profitability has not followed: net income fell to SEK 3.7m TTM with a ~1.2% net margin and ~2.1% operating margin, versus 5.6% and 7.8% in 2021. Return on equity has collapsed to ~3% (Income Statement score 41). The balance sheet is the strongest pillar (score 62), with equity funding ~54% of assets and debt-to-equity improved to 0.44, though total debt more than doubled from SEK 22.5m to SEK 53.2m, lifting debt/EBITDA to roughly 3x. Cash flow is the weakest link (score 45): operating cash flow dropped to SEK 5.6m TTM from SEK 27–28m in prior peak years, with a free cash flow margin under 2%, offset partially by low capital intensity and strong cash conversion (~91% of net income).

Income Statement

41Neutral

Balance Sheet

62Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	301.71M	291.21M	262.06M	278.90M	299.20M	301.53M
Gross Profit	37.23M	112.00M	97.56M	100.62M	99.49M	122.90M
EBITDA	21.47M	23.45M	24.61M	30.48M	23.63M	38.90M
Net Income	3.68M	5.50M	6.17M	9.96M	3.76M	17.02M
Balance Sheet
Total Assets	222.89M	214.18M	181.34M	187.78M	212.34M	217.63M
Cash, Cash Equivalents and Short-Term Investments	0	0	0	1.13M	-42.55M	1.09M
Total Debt	53.18M	47.10M	22.46M	29.67M	53.03M	65.13M
Total Liabilities	102.83M	95.45M	68.12M	76.40M	110.92M	124.64M
Stockholders Equity	120.06M	118.73M	113.23M	111.39M	101.43M	92.99M
Cash Flow
Free Cash Flow	5.21M	13.70M	5.78M	26.91M	8.61M	27.13M
Operating Cash Flow	5.63M	14.04M	9.82M	27.20M	9.10M	28.23M
Investing Cash Flow	-450.00K	-2.89M	-4.05M	-286.00K	-31.00K	-1.10M
Financing Cash Flow	-5.17M	-11.15M	-6.90M	-25.79M	-10.16M	-26.04M

Clemondo Group AB Technical Analysis

Technical Analysis SentimentPositive

Last Price6.16

Price Trends

50DMA6.09Positive

100DMA6.61Negative

200DMA7.36Negative

Market Momentum

MACD-0.01Negative

RSI54.78Neutral

STOCH86.32Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CLEM, the sentiment is Positive. The current price of 6.16 is above the 20-day moving average (MA) of 5.90, above the 50-day MA of 6.09, and below the 200-day MA of 7.36, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 54.78 is Neutral, neither overbought nor oversold. The STOCH value of 86.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CLEM.

Clemondo Group AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

SE:CLEM against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:ESSITY.B	76Outperform	SEK 194.42B	17.91	12.25%	2.99%	-1.84%	-8.27%
SE:MSON.B	67Neutral	SEK 1.37B	8.09	5.43%	2.39%	-1.42%	―
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SE:HUMBLE	52Neutral	SEK 2.53B	-5.65	-9.80%	―	3.05%	-1130.58%
SE:CLEM	46Neutral	SEK 81.70M	23.13	3.09%	―	9.27%	-49.93%
SE:DUNI	45Neutral	SEK 3.21B	24.60	3.91%	7.31%	-2.46%	-59.94%

* Consumer Defensive Sector Average

Performance Comparison

SE:CLEM and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:CLEM	Clemondo Group AB	6.16	-3.44	-35.83%
SE:ESSITY.B	Essity AB Class B	292.50	34.36	13.31%
SE:MSON.B	Midsona AB Class B	9.22	1.07	13.06%
SE:DUNI	Duni AB	68.40	-30.52	-30.86%
SE:HUMBLE	Humble Group AB	5.80	-1.49	-20.44%

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.

Date of analysis: Aug 21, 2026

Clemondo Group AB AI Stock Analysis