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Flexion Mobile
(FLEXM)
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Rating:53Neutral
Price Target:
kr3.00
▲(11.11% Upside)
Action:Reiterated
Date:07/18/26
The score is held back primarily by weakened financial performance, driven by a sharp profitability downturn and significantly larger losses in 2025, despite low leverage and still-positive (but weaker) free cash flow. Technicals provide meaningful support due to a clear uptrend and positive momentum, while valuation remains a caution flag because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Alternative app-store distribution niche
Flexion operates in a specialized distribution niche that helps game developers access Android storefronts beyond Google Play. Its technology, submissions, merchandising, analytics, and operational support can make it a durable partner as publishers seek broader reach and monetization channels.
Negative Factors
Sharp profitability deterioration
The move from a small profit in 2022 to losses in 2024 and a much larger loss in 2025 signals a substantial deterioration in earnings quality. Deeply negative EBITDA and EBIT weaken self-funded growth capacity and raise questions about the sustainability of current operating economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Alternative app-store distribution niche
Flexion operates in a specialized distribution niche that helps game developers access Android storefronts beyond Google Play. Its technology, submissions, merchandising, analytics, and operational support can make it a durable partner as publishers seek broader reach and monetization channels.
Read all positive factors
Flexion Mobile (FLEXM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr169.48M
Dividend YieldN/A
Average Volume (3M)33.60K
Price to Earnings (P/E)―
Beta (1Y)0.33
Revenue Growth-10.22%
EPS Growth-431.03%
CountrySE
Employees113
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.37
Shares Outstanding56,870,865
10 Day Avg. Volume49,784
30 Day Avg. Volume33,600
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.70
Price to Sales (P/S)0.16
P/FCF Ratio7.33
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)0.51
Revenue Forecast (FY)kr977.68M
Flexion Mobile Business Overview & Revenue Model
Company Description
Flexion Mobile Plc operates game distribution platform for game developers worldwide. The company engages in game marketing and distribution business. It also markets mobile games in the Android market. Flexion Mobile Plc was incorporated in 2001 ...
How the Company Makes Money
Flexion Mobile makes money primarily by enabling and managing the distribution of mobile games across alternative Android app stores and then taking a share of the revenue those games generate on those platforms. In practice, Flexion acts as a dis...
Flexion Mobile Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
48
Neutral
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 75.47M | 76.75M | 68.53M | 24.44M | 9.48M |
| Gross Profit | 7.18M | 13.90M | 11.07M | 3.24M | 1.17M |
| EBITDA | -12.14M | 1.88M | 4.24M | 98.68K | -1.64M |
| Net Income | -13.24M | -2.73M | 350.20K | -142.21K | -2.82M |
Balance Sheet | |||||
| Total Assets | 29.22M | 42.29M | 47.56M | 18.72M | 5.57M |
| Cash, Cash Equivalents and Short-Term Investments | 14.13M | 13.11M | 13.80M | 14.71M | 2.73M |
| Total Debt | 204.13K | 338.14K | 51.70K | 127.84K | 205.68K |
| Total Liabilities | 21.99M | 22.16M | 29.50M | 6.29M | 3.03M |
| Stockholders Equity | 7.02M | 20.13M | 18.06M | 12.43M | 2.54M |
Cash Flow | |||||
| Free Cash Flow | 1.63M | 4.04M | 6.07M | 2.37M | -3.28M |
| Operating Cash Flow | 1.64M | 4.05M | 6.08M | 2.87M | -2.89M |
| Investing Cash Flow | -21.80K | -1.52M | -9.49M | -500.32K | -388.73K |
| Financing Cash Flow | -158.45K | -134.24K | 2.24M | 9.69M | 12.42K |
Flexion Mobile Technical Analysis
Positive
2.70
Price Trends
3.03
Negative
2.95
Positive
2.86
Positive
Market Momentum
-0.04
Negative
50.60
Neutral
50.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FLEXM, the sentiment is Positive. The current price of 2.7 is below the 20-day moving average (MA) of 2.94, below the 50-day MA of 3.03, and below the 200-day MA of 2.86, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 50.60 is Neutral, neither overbought nor oversold. The STOCH value of 50.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:FLEXM.
Flexion Mobile Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | kr1.09B | 12.55 | ― | 5.67% | 3.43% | 69.60% | |
66 Neutral | kr7.72B | 31.36 | ― | 0.81% | 9.35% | -91.93% | |
60 Neutral | kr390.72M | -61.95 | ― | 29.79% | 31.66% | 68.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | kr169.48M | -0.63 | ― | ― | -10.22% | -431.03% | |
51 Neutral | kr160.12M | -9.40 | ― | ― | ― | ― | |
49 Neutral | kr512.32M | -7.85 | ― | ― | 7.99% | 33.84% |
* General Sector Average
SE:FLEXM
Flexion Mobile
2.96
-1.79
-37.68%
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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.