Impact Coatings AB AI Stock Analysis
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Impact Coatings AB (IMPC) AI Stock Analysis
Impact Coatings AB
(Nasdaq OMX AB:IMPC)
The score is held back primarily by weak underlying profitability and ongoing cash burn despite a debt-free balance sheet. Offsetting this, technicals show improving near-term momentum and the earnings call indicated operational progress (better margins, cost control, and a positive Q3 result), but cash flow and order intake remain notable risks. Valuation is not supportive given losses and no provided dividend yield.
Impact Coatings AB (IMPC) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 301.98M
- Dividend Yield
- ―
- Average Volume (3M)
- 111.60K
- Price to Earnings (P/E)
- -11.6
- Beta (1Y)
- -0.09
- Revenue Growth
- 6.10%
- EPS Growth
- 51.80%
- Country
- Sweden
- Employees
- 43
- Sector
- General
- Sector Strength
- 55
- Industry
- Industrial - Machinery
Impact Coatings AB Business Overview & Revenue Model
Company Description
Impact Coatings AB (publ), a global enterprise established in Linköping, Sweden in 1997, focuses on developing and commercializing advanced physical vapor deposition (PVD) surface treatment solutions. The company's product line features the INLINECOA...
How the Company Makes Money
Impact Coatings primarily makes money by selling PVD/vacuum coating systems (capital equipment) to industrial customers. These equipment sales are typically the largest and most visible revenue events and may include system design/configuration, deli...
Impact Coatings AB Earnings Call Summary
The call was broadly positive: the company delivered strong year-over-year revenue growth, returned to positive quarterly EBIT and net income, improved gross margin, reduced personnel costs, added customers, won a competitive Romanian order, and reported progress in hydrogen, SOFC, and industrial-partner initiatives. Offsetting concerns included moderate order intake, negative year-to-date cash flow, a lower cash balance than at year-end, Shanghai capacity limits, longer SOFC qualification cycles, and continued weakness in the automotive market.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management said it will continue to focus on sales and customer development, while cost control, cash flow, and improved margins remain essential as it works towards long-term profitability; the customer-development target is approximately two per month, with five new paying customers in Q3 and 18 new paying customers this year. In Shanghai, overtime might not be enough to fulfill customer demand in the forecast from customers today for the rest of the year, in which case the company needs to go to two shifts, although it may work with overtime or other means to make it work with one shift; management is looking forward to full two shift production. For SOFC, management expects either a ramp-up during next year in Coating Services or machine sales relatively soon, and said HJWAVE’s expansion plans require more than one machine, dependent on successful expansion.
Impact Coatings AB Financial Statement Overview
Summary
Revenue rebounded strongly TTM (+42.5%), and the balance sheet is relatively resilient with 0 total debt and sizable equity. However, profitability remains very weak (negative gross profit and deeply negative EBIT/net income in the financial statement summary) and cash generation is a major issue with negative operating cash flow (-24.6m) and negative free cash flow (-21.3m), implying continued funding/dilution risk if the turnaround stalls.
Income Statement
18Very NegativeBalance Sheet
62PositiveCash Flow
20Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 76.50M | 47.30M | 110.30M | 99.10M | 32.02M | 57.20M |
| Gross Profit | -31.20M | -50.80M | 63.10M | 57.60M | 19.33M | 22.66M |
| EBITDA | -22.00M | -43.10M | -25.80M | -27.30M | -44.20M | -29.41M |
| Net Income | -24.70M | -45.90M | -29.60M | -32.00M | -47.00M | -32.09M |
Balance Sheet | ||||||
| Total Assets | 193.00M | 206.00M | 269.20M | 282.50M | 152.58M | 173.45M |
| Cash, Cash Equivalents and Short-Term Investments | 14.10M | 37.40M | 29.80M | 119.80M | 58.69M | 129.47M |
| Total Debt | 0 | 27.50M | 0 | 0 | 0 | 0 |
| Total Liabilities | 54.30M | 51.50M | 86.50M | 73.00M | 38.71M | 12.81M |
| Stockholders Equity | 138.70M | 154.50M | 182.70M | 209.50M | 113.87M | 160.64M |
Cash Flow | ||||||
| Free Cash Flow | -21.30M | -47.70M | -72.90M | -69.30M | -68.26M | -33.86M |
| Operating Cash Flow | -24.60M | -39.80M | -72.90M | -42.10M | -42.38M | -31.76M |
| Investing Cash Flow | -2.80M | -7.80M | -16.70M | -27.20M | -25.88M | -2.10M |
| Financing Cash Flow | 27.90M | 52.10M | 0 | 129.80M | -1,000 | 113.70M |
Impact Coatings AB Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:IMPC, the sentiment is Negative. The current price of 2.87 is below the 20-day moving average (MA) of 3.13, below the 50-day MA of 3.08, and above the 200-day MA of 2.77, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 39.72 is Neutral, neither overbought nor oversold. The STOCH value of 24.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:IMPC.
Impact Coatings AB Peers Comparison
Overall Rating
SE:SINT77Outperform
SE:TREL.B69Neutral
SE:ALFA67Neutral
SE:SAND65Neutral
SE:NMAN60Neutral- SE:IMPC56Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SE:SINT | 77Outperform | SEK 834.82M | 30.73 | 35.76% | 3.81% | -3.74% | -3.45% |
| SE:TREL.B | 69Neutral | SEK 101.02B | 26.49 | 10.57% | 1.69% | 1.86% | 11.09% |
| SE:ALFA | 67Neutral | SEK 221.54B | 27.75 | 17.58% | 1.65% | 4.27% | -2.41% |
| SE:SAND | 65Neutral | SEK 459.36B | 24.57 | 18.92% | 1.61% | 14.34% | 29.04% |
| SE:NMAN | 60Neutral | SEK 5.03B | 22.91 | ― | 2.73% | -6.05% | -24.08% |
| SE:IMPC | 56Neutral | SEK 304.08M | -11.56 | ― | ― | 6.10% | 51.80% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:IMPC | Impact Coatings AB | 2.87 | 1.29 | 81.99% | |
| SE:ALFA | Alfa Laval AB | 546.40 | 99.66 | 22.31% | |
| SE:SAND | Sandvik AB (UK) | 373.70 | 89.41 | 31.45% | |
| SE:TREL.B | Trelleborg AB | 472.60 | 92.22 | 24.24% | |
| SE:SINT | SinterCast AB | 118.00 | 16.97 | 16.80% | |
| SE:NMAN | Nederman Holding AB | 146.40 | -9.68 | -6.20% |
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 24, 2026