Ferroamp AB (FERRO) AI Stock Analysis

Ferroamp AB

(Nasdaq OMX AB:FERRO)

Select Model

Rating:38Underperform

Price Target:SEK 2.50▼(-16.25% Downside)

Action:downgraded

Date:08/20/26

The overall score is very low, driven primarily by a severe profitability crisis. The company's deeply negative gross margin and accelerating cash burn overshadow the strong revenue growth. A solid, low-debt balance sheet provides a temporary buffer but is being eroded. Technical trends are bearish, and the negative P/E ratio confirms the lack of current earnings power.

Positive Factors

Revenue reboundThe strong revenue rebound indicates renewed demand and improving commercial traction for Ferroamp’s offering. If sustained, higher sales can improve operating leverage, support investment in the platform, and create a broader installed base for future software and service revenue.

Negative Factors

Persistent unprofitabilityPersistent losses show that revenue growth has not yet translated into a sustainable profit model. Negative gross and operating profit limit internal funding capacity, reduce earnings quality, and leave future performance dependent on meaningful margin improvement and disciplined execution.

Ferroamp AB (FERRO) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 322.07M
Dividend Yield: ―
Average Volume (3M): 89.50K
Price to Earnings (P/E): -9.2
Beta (1Y): -0.21
Revenue Growth: 80.80%
EPS Growth: 92.27%
Country: Sweden
Employees: 48
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Ferroamp AB Business Overview & Revenue Model

Company Description

Established in Spånga, Sweden, in 2010, Ferroamp AB delivers advanced energy and power optimization solutions. The company caters to a diverse clientele in Sweden, including individual residences, multi-unit apartment complexes, and commercial proper...

How the Company Makes Money

Ferroamp makes money primarily by selling its energy management system and related components used in on-site energy optimization. Key revenue streams are: (1) Product sales of hardware: revenue from selling the company’s power electronics and contro...

Ferroamp AB Financial Statement Overview

Summary

Financial performance is critically weak. Despite strong TTM revenue growth of 37.7%, the gross margin has collapsed to -20.6%, driving substantial operating and net losses. Free cash flow is deeply negative at -SEK 33.3M and worsening, with operating cash flow unable to cover losses. The only mitigating factor is a solid balance sheet with low debt-to-equity of 0.19, but equity is being rapidly eroded by losses.

Income Statement

18Very Negative

Balance Sheet

55Neutral

Cash Flow

12Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	151.55M	94.72M	125.89M	355.25M	205.11M	110.22M
Gross Profit	-41.47M	-46.96M	-43.35M	122.63M	81.23M	45.92M
EBITDA	-38.59M	-41.73M	-192.77M	-84.96M	-44.82M	-40.18M
Net Income	-34.10M	-22.86M	-243.67M	-107.03M	-54.42M	-41.53M
Balance Sheet
Total Assets	304.26M	287.27M	297.09M	366.49M	236.95M	188.91M
Cash, Cash Equivalents and Short-Term Investments	2.58M	16.31M	36.54M	49.06M	54.96M	97.97M
Total Debt	25.72M	16.14M	52.28M	5.10M	175.00K	2.44M
Total Liabilities	115.61M	78.55M	122.09M	114.91M	75.03M	36.85M
Stockholders Equity	188.66M	208.72M	175.00M	251.58M	161.92M	152.06M
Cash Flow
Free Cash Flow	-33.27M	-51.63M	-178.86M	-299.36M	-104.94M	-69.23M
Operating Cash Flow	-29.67M	-51.48M	-139.46M	-234.64M	-61.66M	-42.06M
Investing Cash Flow	-17.47M	-16.78M	-38.22M	-64.72M	-43.28M	-28.26M
Financing Cash Flow	20.25M	48.03M	165.16M	293.43M	61.92M	73.07M

Ferroamp AB Technical Analysis

Technical Analysis SentimentPositive

Last Price2.98

Price Trends

50DMA2.72Positive

100DMA2.80Positive

200DMA2.95Positive

Market Momentum

MACD0.08Negative

RSI64.71Neutral

STOCH53.03Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FERRO, the sentiment is Positive. The current price of 2.98 is above the 20-day moving average (MA) of 2.74, above the 50-day MA of 2.72, and above the 200-day MA of 2.95, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 64.71 is Neutral, neither overbought nor oversold. The STOCH value of 53.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:FERRO.

Ferroamp AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:FERRO against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:CTEK	63Neutral	SEK 995.06M	19.75	6.89%	―	-13.52%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:GARO	55Neutral	SEK 603.00M	-12.99	-8.87%	―	-4.95%	10.31%
SE:CCC	49Neutral	SEK 1.13B	-14.25	―	―	-4.02%	-623.62%
SE:CHARGE	48Neutral	SEK 96.87M	-12.89	―	―	―	―
SE:PCELL	43Neutral	SEK 966.22M	-6.62	-45.21%	―	-51.13%	-2244.41%
SE:FERRO	38Underperform	SEK 322.07M	-9.20	―	―	80.80%	92.27%

* General Sector Average

Performance Comparison

SE:FERRO and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:FERRO	Ferroamp AB	2.98	1.25	72.54%
SE:PCELL	PowerCell Sweden AB	16.69	-25.35	-60.30%
SE:GARO	GARO AB	12.06	-4.96	-29.14%
SE:CTEK	CTEK AB	14.22	1.36	10.58%
SE:CHARGE	ChargePanel AB	2.49	0.67	36.89%
SE:CCC	Cavotec Group AB	10.60	-5.05	-32.27%

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 20, 2026

Ferroamp AB AI Stock Analysis