FlexQube AB (FLEXQ) AI Stock Analysis

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FlexQube AB

(Nasdaq OMX AB:FLEXQ)

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Rating:45Neutral

Price Target:SEK 26.00▼(-1.14% Downside)

Action:reiterated

Date:10/30/26

The score is primarily held back by weak financial quality—especially negative free cash flow despite a top-line rebound and improved gross margin—along with rising leverage versus prior years. Technicals are mixed (neutral RSI/Stoch and price above key longer-term averages, but negative MACD and below the 50-day average). Valuation is also constrained by a negative P/E and no dividend yield data.

Positive Factors

Revenue ReboundThe sharp TTM revenue rebound indicates that FlexQube’s modular material-handling offering can regain demand and expand sales. If sustained, a larger revenue base can improve operating leverage and support investment in customer reach, product development, and execution.

Negative Factors

Negative Free Cash FlowNegative free cash flow means the recent revenue rebound has not yet translated into internally generated cash after investment needs. Persistent cash burn can restrict reinvestment, increase reliance on funding or working-capital swings, and make growth more difficult to sustain over coming quarters.

FlexQube AB (FLEXQ) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 452.90M
Dividend Yield: ―
Average Volume (3M): 28.95K
Price to Earnings (P/E): 14.0
Beta (1Y): 0.48
Revenue Growth: 210.37%
EPS Growth: ―
Country: Sweden
Employees: 57
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

FlexQube AB Business Overview & Revenue Model

Company Description

FlexQube AB (publ) specializes in the design, development, manufacturing, and commercialization of highly adaptable and robust industrial carts, facilitating efficient material handling across Europe and North America. Their comprehensive product lin...

FlexQube AB Financial Statement Overview

Summary

Income statement shows a revenue rebound and gross margin recovery (~32% in TTM), but profitability remains uneven with a history of operating losses and pressure below the gross line. Balance sheet is serviceable with improved equity, though leverage has risen (debt ~42.6m vs equity ~93.5m) and historical returns are weak. Cash flow is the biggest drag: operating cash flow is slightly positive in TTM, but free cash flow remains negative (~-8.0m), indicating continued cash burn and funding/execution risk.

Income Statement

38Negative

Balance Sheet

52Neutral

Cash Flow

33Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	352.45M	105.84M	131.42M	115.75M	204.59M	112.63M
Gross Profit	92.31M	-24.74M	64.37M	60.57M	107.95M	53.04M
EBITDA	44.56M	-20.04M	-23.61M	-52.20M	-1.49M	-17.36M
Net Income	33.04M	-32.03M	-36.36M	-60.62M	-7.07M	-22.56M
Balance Sheet
Total Assets	266.17M	150.35M	141.00M	171.42M	153.70M	130.00M
Cash, Cash Equivalents and Short-Term Investments	47.06M	35.51M	35.49M	48.55M	30.45M	34.92M
Total Debt	42.61M	44.80M	46.13M	43.06M	28.66M	13.40M
Total Liabilities	172.72M	98.31M	90.08M	88.06M	84.37M	57.89M
Stockholders Equity	93.45M	52.04M	50.92M	83.36M	69.33M	72.12M
Cash Flow
Free Cash Flow	-7.95M	-34.77M	-15.72M	-71.76M	-30.05M	-32.16M
Operating Cash Flow	4.83M	-22.94M	-11.15M	-57.33M	-21.96M	-29.32M
Investing Cash Flow	-14.58M	-13.32M	-4.57M	-14.43M	-8.09M	-2.83M
Financing Cash Flow	43.72M	36.81M	1.43M	91.54M	24.45M	53.68M

FlexQube AB Technical Analysis

Technical Analysis SentimentNegative

Last Price26.30

Price Trends

50DMA31.67Negative

100DMA33.26Negative

200DMA26.71Negative

Market Momentum

MACD-1.39Positive

RSI39.54Neutral

STOCH6.01Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FLEXQ, the sentiment is Negative. The current price of 26.30 is below the 20-day moving average (MA) of 28.85, below the 50-day MA of 31.67, and below the 200-day MA of 26.71, indicating a bearish trend. The MACD of -1.39 indicates Positive momentum. The RSI at 39.54 is Neutral, neither overbought nor oversold. The STOCH value of 6.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:FLEXQ.

FlexQube AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:FLEXQ against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:ATCO.B	73Outperform	SEK 885.87B	34.33	24.21%	1.82%	2.72%	0.11%
SE:TREL.B	69Neutral	SEK 101.02B	26.49	10.57%	1.69%	1.86%	11.09%
SE:ALIG	64Neutral	SEK 13.11B	22.95	7.60%	2.68%	-1.54%	-18.44%
SE:EPI.A	64Neutral	SEK 284.61B	32.77	―	1.51%	1.20%	7.88%
SE:NMAN	60Neutral	SEK 5.03B	22.91	―	2.73%	-6.05%	-24.08%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:FLEXQ	45Neutral	SEK 456.34M	13.96	―	―	210.37%	―

* General Sector Average

Performance Comparison

SE:FLEXQ and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:FLEXQ	FlexQube AB	26.30	15.75	149.29%
SE:ATCO.B	Atlas Copco AB (0R82)	169.20	32.42	23.70%
SE:TREL.B	Trelleborg AB	472.60	92.22	24.24%
SE:EPI.A	Epiroc AB	252.00	58.48	30.22%
SE:ALIG	Alimak Group AB	123.00	-9.55	-7.20%
SE:NMAN	Nederman Holding AB	146.40	-9.68	-6.20%

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: Oct 30, 2026

FlexQube AB AI Stock Analysis