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InCoax Networks AB
(INCOAX)
Select Model
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Rating:41Neutral
Price Target:
kr0.06
▼(-88.57% Downside)
Action:Reiterated
Date:10/16/26
The score is primarily weighed down by weak financial performance (declining revenue, very large losses, and persistent negative operating/free cash flow) and a strongly bearish technical picture (price well below key moving averages and negative MACD). Valuation provides limited offset because the negative P/E reflects losses and the dividend yield is not available.
Positive Factors
Asset-light deployment model
Using existing coaxial infrastructure can reduce the disruption and installation burden associated with full in-building cabling replacement. This supports a differentiated deployment proposition for MDUs and may help InCoax address properties where fiber upgrades are costly or difficult.
Negative Factors
Revenue and profitability deterioration
The combination of declining revenue, negative gross margin, and exceptionally large operating and net losses indicates that the current business model is not converting sales into economic value. Unless pricing, costs, or demand improve, losses could continue to erode financial flexibility and constrain investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light deployment model
Using existing coaxial infrastructure can reduce the disruption and installation burden associated with full in-building cabling replacement. This supports a differentiated deployment proposition for MDUs and may help InCoax address properties where fiber upgrades are costly or difficult.
Read all positive factors
InCoax Networks AB (INCOAX) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr10.79M
Dividend YieldN/A
Average Volume (3M)1.28M
Price to Earnings (P/E)―
Beta (1Y)0.08
Revenue Growth-64.68%
EPS Growth-31.59%
CountrySE
Employees22
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.34
Shares Outstanding149,808,330
10 Day Avg. Volume690,536
30 Day Avg. Volume1,276,907
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.68
Price to Sales (P/S)1.55
P/FCF Ratio-1.64
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)0.24
Revenue Forecast (FY)kr19.60M
InCoax Networks AB Business Overview & Revenue Model
Company Description
InCoax Networks AB (publ) specializes in delivering networking solutions and products tailored for the telecommunications, broadband internet service, and hospitality industries. Their product portfolio encompasses essential modems, as well as the...
How the Company Makes Money
InCoax makes money primarily by selling broadband access equipment and related components that enable Ethernet/IP data transmission over coaxial infrastructure in buildings. Its core revenue stream is product sales of its in-building/coax-based ac...
InCoax Networks AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.47M | 48.05M | 74.50M | 59.62M | 25.92M | 20.89M |
| Gross Profit | -4.90M | -28.36M | 67.48M | 50.22M | 36.67M | 25.29M |
| EBITDA | -35.72M | -27.99M | -18.53M | -15.70M | -21.62M | -23.47M |
| Net Income | -42.97M | -32.56M | -19.15M | -16.91M | -22.82M | -24.50M |
Balance Sheet | ||||||
| Total Assets | 160.72M | 153.65M | 137.67M | 114.93M | 123.18M | 83.17M |
| Cash, Cash Equivalents and Short-Term Investments | 7.60M | 8.75M | 2.23M | 14.99M | 36.30M | 34.28M |
| Total Debt | 40.75M | 3.25M | 0.00 | 3.25M | 3.25M | 3.25M |
| Total Liabilities | 65.41M | 43.87M | 27.13M | 35.30M | 26.92M | 21.21M |
| Stockholders Equity | 95.32M | 109.78M | 110.54M | 79.63M | 96.26M | 61.96M |
Cash Flow | ||||||
| Free Cash Flow | -39.58M | -45.28M | -27.12M | -11.84M | -55.10M | -44.39M |
| Operating Cash Flow | -39.58M | -20.01M | -27.12M | -10.04M | -30.68M | -28.18M |
| Investing Cash Flow | -22.05M | -25.27M | -25.71M | -21.00M | -24.42M | -16.20M |
| Financing Cash Flow | 47.35M | 51.80M | 40.06M | 9.73M | 57.12M | 61.84M |
InCoax Networks AB Technical Analysis
Negative
0.56
Price Trends
0.42
Negative
0.71
Negative
0.72
Negative
Market Momentum
-0.11
Negative
27.87
Positive
65.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:INCOAX, the sentiment is Negative. The current price of 0.56 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.42, and below the 200-day MA of 0.72, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 27.87 is Positive, neither overbought nor oversold. The STOCH value of 65.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:INCOAX.
InCoax Networks AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr363.74B | 18.67 | 18.10% | 2.75% | -3.96% | -21.11% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | kr10.11B | 28.61 | 8.51% | 0.13% | 7.22% | 153.68% | |
58 Neutral | kr347.26M | 198.00 | ― | 1.05% | 16.73% | 202.62% | |
53 Neutral | kr732.88M | -230.00 | ― | 0.63% | -9.23% | -111.03% | |
48 Neutral | kr894.06M | -21.82 | -7.07% | ― | -14.51% | -1025.00% | |
41 Neutral | kr10.79M | -0.21 | -40.84% | ― | -64.68% | -31.59% |
* Technology Sector Average
SE:INCOAX
InCoax Networks AB
0.07
-0.63
-89.71%
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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.