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Concejo AB Class B (SE:CNCJO.B)
:CNCJO.B
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Concejo AB Class B (CNCJO.B) AI Stock Analysis

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SE:CNCJO.B

Concejo AB Class B

(CNCJO.B)

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Neutral 64 (OpenAI - Gpt-5.6Sol)
Rating:64Neutral
Price Target:
kr51.00
▲(8.28% Upside)
Action:Reiterated
Date:08/24/26
The score is driven by strong valuation (very low P/E and very high dividend yield) and a conservatively financed balance sheet, offset by weak cash generation (negative TTM OCF/FCF) and deteriorating core operating performance (shrinking revenue, lower gross margin, operating loss). Technical indicators are broadly neutral and do not materially change the outlook.
Positive Factors
Conservatively financed balance sheet
Very low leverage reduces solvency risk and interest burden, giving the company greater resilience through operating weakness. The substantial equity base also provides financial capacity to sustain operations or fund investment without relying heavily on new borrowing.
Negative Factors
Declining revenue and weaker core operations
Shrinking revenue combined with material gross-margin compression signals weaker demand, mix, pricing, or cost absorption in the core business. An operating loss also indicates that reported profitability is not currently supported by healthy underlying operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservatively financed balance sheet
Very low leverage reduces solvency risk and interest burden, giving the company greater resilience through operating weakness. The substantial equity base also provides financial capacity to sustain operations or fund investment without relying heavily on new borrowing.
Read all positive factors

Concejo AB Class B (CNCJO.B) vs. iShares MSCI Sweden ETF (EWD)

Concejo AB Class B Business Overview & Revenue Model

Company Description
Concejo AB (publ) specializes in the creation, production, and distribution of advanced fire safety solutions and systems. Its operations span a global footprint, serving markets across Europe, the United States, Asia, and beyond. The company's Ma...

Concejo AB Class B Financial Statement Overview

Summary
Mixed fundamentals. Revenue declined (~-9.9% TTM) and core profitability weakened (gross margin down materially and operating loss), while reported net income is very strong (~33% net margin) but appears helped by items below the operating line. Balance sheet is a clear strength (low leverage, debt-to-equity ~0.08), but negative operating and free cash flow in TTM (-27.5M OCF, -31M FCF) is a notable risk.
Income Statement
54
Neutral
Balance Sheet
82
Very Positive
Cash Flow
33
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue459.70M522.00M576.30M535.20M371.70M261.20M
Gross Profit192.30M221.60M229.10M234.80M165.40M28.30M
EBITDA-8.50M24.50M-8.10M49.20M-163.80M7.30M
Net Income151.40M50.40M-46.40M16.30M-191.60M-20.70M
Balance Sheet
Total Assets993.20M806.30M1.05B1.09B1.16B1.49B
Cash, Cash Equivalents and Short-Term Investments178.70M149.20M196.80M321.70M345.90M863.50M
Total Debt63.00M34.10M86.60M85.00M116.80M315.30M
Total Liabilities198.00M187.80M318.80M268.70M334.00M539.70M
Stockholders Equity794.80M616.00M673.50M761.50M771.30M950.50M
Cash Flow
Free Cash Flow-31.00M23.80M-27.70M-9.00M-60.20M-50.10M
Operating Cash Flow-27.50M26.30M-8.30M16.10M-34.80M-26.70M
Investing Cash Flow41.90M61.40M7.00M77.40M331.80M46.60M
Financing Cash Flow-70.30M-104.40M-75.40M-42.50M-224.60M-11.10M

Concejo AB Class B Technical Analysis

Technical Analysis Sentiment
Negative
Last Price47.10
Price Trends
50DMA
47.61
Negative
100DMA
47.99
Negative
200DMA
46.17
Negative
Market Momentum
MACD
-0.33
Positive
RSI
39.95
Neutral
STOCH
21.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CNCJO.B, the sentiment is Negative. The current price of 47.1 is below the 20-day moving average (MA) of 47.34, below the 50-day MA of 47.61, and above the 200-day MA of 46.17, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 39.95 is Neutral, neither overbought nor oversold. The STOCH value of 21.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CNCJO.B.

Concejo AB Class B Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
kr631.61M18.392.76%92.66%
66
Neutral
kr462.86M12.9513.17%8.40%495.11%
64
Neutral
kr538.10M3.4721.55%17.39%-22.33%209.52%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
58
Neutral
kr345.51M187.621.05%11.87%
44
Neutral
kr298.00M-13.56-17.54%0.54%-31.42%-179.35%
42
Neutral
kr428.05M-5.48-77.33%-8.74%-70.62%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:CNCJO.B
Concejo AB Class B
46.00
2.81
6.52%
SE:TAGM.B
TagMaster AB Class B
33.00
16.95
105.61%
SE:GAPW.B
Gapwaves AB Class B
12.22
-8.90
-42.15%
SE:MAVEN
Maven Wireless Sweden AB
5.18
-2.94
-36.21%
SE:WAYS
Waystream Group AB
40.00
3.00
8.11%
SE:LUMEN
LumenRadio AB
49.00
1.80
3.81%
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 24, 2026