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Vestum AB
(CYNCA)
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Rating:54Neutral
Price Target:
kr45.00
▲(179.85% Upside)
Action:Reiterated
Date:09/26/26
The score is held back mainly by deteriorating revenue and continued net losses despite some improvement in leverage. Technicals are a positive contributor (price above key moving averages with positive MACD), but the elevated RSI suggests the recent strength may be extended. Valuation provides limited support given the negative P/E and no dividend yield data.
Positive Factors
Positive Free Cash Flow
Positive operating and free cash flow provide internal funding for operations and reduce reliance on external financing. This cash generation is especially supportive because it persists despite reported net losses, helping preserve liquidity and financial flexibility over the next several quarters.
Negative Factors
Sustained Revenue Contraction
A multi-year revenue decline signals pressure across the group’s construction- and infrastructure-related markets or acquired operations. Continued contraction can reduce operating leverage, weaken integration returns, and make it harder to restore sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Free Cash Flow
Positive operating and free cash flow provide internal funding for operations and reduce reliance on external financing. This cash generation is especially supportive because it persists despite reported net losses, helping preserve liquidity and financial flexibility over the next several quarters.
Read all positive factors
Vestum AB (CYNCA) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.69B
Dividend YieldN/A
Average Volume (3M)257.34K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth-24.35%
EPS Growth-910.47%
CountrySE
Employees1,161
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-1.02
Shares Outstanding37,580,948
10 Day Avg. Volume398,404
30 Day Avg. Volume257,342
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)0.94
Price to Sales (P/S)0.88
P/FCF Ratio14.43
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)-0.96
Revenue Forecast (FY)kr2.28B
Vestum AB Business Overview & Revenue Model
Company Description
Vestum AB (publ) engages in the infrastructure, water, and service businesses in Sweden and internationally. The company’s Infrastructure segment offers specialised work on railway, water and sewage, and other infrastructure comprising railway ser...
How the Company Makes Money
Vestum makes money primarily through revenues generated by its operating subsidiaries, which deliver services to customers in construction- and infrastructure-adjacent markets. The group’s revenue model is therefore largely service/contract driven...
Vestum AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
49
Neutral
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.28B | 3.78B | 4.42B | 5.76B | 6.93B | 1.05B |
| Gross Profit | 1.30B | 1.97B | 2.16B | 2.69B | 3.17B | 654.00M |
| EBITDA | 501.00M | 542.00M | 674.00M | 836.00M | 773.00M | 165.00M |
| Net Income | -343.00M | -137.00M | -374.00M | -374.00M | 141.00M | 3.00M |
Balance Sheet | ||||||
| Total Assets | 6.51B | 6.76B | 7.63B | 8.38B | 9.95B | 8.32B |
| Cash, Cash Equivalents and Short-Term Investments | 151.00M | 177.00M | 174.00M | 345.00M | 608.00M | 1.52B |
| Total Debt | 1.87B | 2.09B | 2.14B | 2.45B | 3.38B | 3.00B |
| Total Liabilities | 3.10B | 3.18B | 3.70B | 4.32B | 5.57B | 4.72B |
| Stockholders Equity | 3.39B | 3.56B | 3.91B | 4.05B | 4.37B | 3.59B |
Cash Flow | ||||||
| Free Cash Flow | 336.00M | 231.00M | 333.00M | 566.00M | 361.00M | -85.00M |
| Operating Cash Flow | 407.00M | 314.00M | 377.00M | 634.00M | 421.00M | -10.00M |
| Investing Cash Flow | -477.00M | -143.00M | -275.00M | -32.00M | -1.27B | -2.58B |
| Financing Cash Flow | 141.00M | -152.00M | -416.00M | -860.00M | -48.00M | 3.78B |
Vestum AB Technical Analysis
Positive
16.08
Price Trends
33.54
Positive
30.14
Positive
23.62
Positive
Market Momentum
3.36
Negative
75.50
Negative
48.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CYNCA, the sentiment is Positive. The current price of 16.08 is below the 20-day moving average (MA) of 38.10, below the 50-day MA of 33.54, and below the 200-day MA of 23.62, indicating a bullish trend. The MACD of 3.36 indicates Negative momentum. The RSI at 75.50 is Negative, neither overbought nor oversold. The STOCH value of 48.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CYNCA.
Vestum AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr1.65B | 10.25 | ― | 2.04% | 21.69% | 98.73% | |
69 Neutral | kr30.92B | 21.92 | ― | 2.52% | 1.66% | 26.04% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | kr11.53B | 29.17 | 12.77% | 1.19% | 4.03% | 38.99% | |
54 Neutral | kr1.69B | -15.62 | -9.80% | ― | -24.35% | -910.47% | |
49 Neutral | kr3.06B | 70.83 | 2.32% | 0.25% | 0.40% | ― | |
47 Neutral | kr1.52B | -6.34 | ― | 3.74% | 1.11% | -9880.65% |
* Industrials Sector Average
SE:CYNCA
Vestum AB
42.80
27.33
176.70%
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SE:FG
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SE:BRAV
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SE:BYGGP
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36.70
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24.47%
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.