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Freemelt Holding AB
(FREEM)
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Rating:46Neutral
Price Target:
kr2.00
▲(39.86% Upside)
Action:Reiterated
Date:09/11/26
The score is held down primarily by very weak operating performance and ongoing cash burn alongside declining TTM revenue. Technicals provide some support due to the price trading above major moving averages, but overbought readings and a slightly negative MACD temper the signal. Valuation remains difficult to support given the negative P/E and the absence of a dividend yield.
Positive Factors
Debt-Free Balance Sheet
The absence of total debt reduces refinancing exposure and interest-related pressure, giving Freemelt more financial flexibility while it develops its commercial base. Substantial equity relative to assets also provides a capital cushion, although continued losses are reducing that strength over time.
Negative Factors
Recent Revenue Contraction
The recent decline in trailing revenue signals that customer purchasing and system demand have not yet developed into a consistently expanding growth profile. For an equipment-led business, a shrinking sales base can limit operating leverage, reduce service additions, and make it harder to absorb fixed development and commercial costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of total debt reduces refinancing exposure and interest-related pressure, giving Freemelt more financial flexibility while it develops its commercial base. Substantial equity relative to assets also provides a capital cushion, although continued losses are reducing that strength over time.
Read all positive factors
Freemelt Holding AB (FREEM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr450.39M
Dividend YieldN/A
Average Volume (3M)384.62K
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue Growth23.50%
EPS Growth37.20%
CountrySE
Employees40
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.51
Shares Outstanding227,699,460
10 Day Avg. Volume404,182
30 Day Avg. Volume384,617
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.30
Price to Sales (P/S)4.52
P/FCF Ratio-6.28
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)-0.11
Revenue Forecast (FY)kr70.10M
Freemelt Holding AB Business Overview & Revenue Model
Company Description
Freemelt Holding AB (publ), operating through its subsidiary Freemelt AB, focuses on metal 3D-printing technology across Europe, Asia, and North America. The company is responsible for the production, distribution, and servicing of Freemelt ONE, a...
How the Company Makes Money
Freemelt primarily makes money by selling EB-PBF additive manufacturing machines to industrial customers, research organizations, and other users of metal additive manufacturing. Revenue is generated through (1) system sales (the one-time sale/del...
Freemelt Holding AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
25
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.92M | 54.55M | 20.02M | 22.31M | 37.32M | 302.00K |
| Gross Profit | -30.32M | -85.19M | 41.61M | 35.04M | 37.98M | 7.57M |
| EBITDA | -33.74M | -32.47M | -35.57M | -30.15M | -38.07M | -11.71M |
| Net Income | -97.04M | -91.19M | -89.95M | -82.86M | -67.60M | -23.97M |
Balance Sheet | ||||||
| Total Assets | 198.70M | 206.22M | 223.31M | 254.69M | 268.62M | 335.38M |
| Cash, Cash Equivalents and Short-Term Investments | 41.58M | 32.10M | 16.63M | 34.07M | 10.92M | 56.90M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 25.15M | 16.88M | 21.59M | 15.17M | 11.07M | 10.31M |
| Stockholders Equity | 173.54M | 189.35M | 201.72M | 239.52M | 257.56M | 325.07M |
Cash Flow | ||||||
| Free Cash Flow | -38.49M | -39.20M | -45.41M | -41.69M | -46.07M | -29.20M |
| Operating Cash Flow | -27.04M | -34.70M | -37.78M | -16.55M | -29.44M | -18.03M |
| Investing Cash Flow | -25.36M | -23.74M | -36.74M | -25.13M | -16.63M | -8.15M |
| Financing Cash Flow | 39.74M | 73.98M | 56.98M | 64.74M | 20.00K | 83.03M |
Freemelt Holding AB Technical Analysis
Positive
1.43
Price Trends
1.51
Positive
1.51
Positive
1.52
Positive
Market Momentum
>-0.01
Negative
77.76
Negative
67.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FREEM, the sentiment is Positive. The current price of 1.43 is above the 20-day moving average (MA) of 1.33, below the 50-day MA of 1.51, and below the 200-day MA of 1.52, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 77.76 is Negative, neither overbought nor oversold. The STOCH value of 67.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:FREEM.
Freemelt Holding AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | kr950.78B | 36.90 | 23.93% | 2.84% | -1.80% | -5.25% | |
79 Outperform | kr228.07B | 27.51 | 18.42% | 1.65% | 3.87% | 2.11% | |
73 Outperform | kr62.39B | 35.86 | 23.33% | 1.02% | 7.48% | -12.10% | |
71 Outperform | kr746.76M | 39.07 | 25.77% | 4.27% | -19.19% | -43.88% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | kr492.47B | 28.59 | 17.52% | 1.56% | 6.31% | 16.31% | |
46 Neutral | kr450.39M | -3.59 | -52.39% | ― | 23.50% | 37.20% |
* Industrials Sector Average
SE:FREEM
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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.