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Maha Energy AB Class A
(KEOC)
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Rating:42Neutral
Price Target:
kr7.50
▼(-19.27% Downside)
Action:Reiterated
Date:09/15/26
The score is driven primarily by weak financial performance: severe profitability pressure and ongoing cash burn outweigh the benefit of modest leverage. Technicals reinforce downside risk, with the price trading well below key moving averages and a negative MACD. Valuation is not a clear positive because earnings are negative and no dividend yield is available.
Positive Factors
Modest leverage
Modest leverage reduces near-term solvency pressure and leaves more financial flexibility than a heavily indebted balance sheet would provide. This can help Maha preserve capacity for field investment, operating needs, or restructuring while it works to stabilize weak profitability.
Negative Factors
Sharp revenue contraction
A roughly 57% TTM revenue decline signals substantial deterioration in the company’s current operating scale. Lower sales reduce the contribution available to cover fixed field, infrastructure, and corporate costs, making it harder to restore profitability without a sustained production or pricing recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest leverage
Modest leverage reduces near-term solvency pressure and leaves more financial flexibility than a heavily indebted balance sheet would provide. This can help Maha preserve capacity for field investment, operating needs, or restructuring while it works to stabilize weak profitability.
Read all positive factors
Maha Energy AB Class A (KEOC) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.80B
Dividend YieldN/A
Average Volume (3M)1.37M
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue Growth-75.52%
EPS Growth-14.47%
CountrySE
Employees16
SectorTechnology
Sector Strength88
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)-0.19
Shares Outstanding352,657,870
10 Day Avg. Volume885,022
30 Day Avg. Volume1,367,876
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.34
Price to Sales (P/S)0.00
P/FCF Ratio-33.42
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)-0.02
Revenue Forecast (FY)kr22.02M
Maha Energy AB Class A Business Overview & Revenue Model
Company Description
Keo Capital AB (publ), a fintech company, operates a digital credit platform focused on B2B payments and embedded working capital solutions in Mexico, Brazil, Canada, and Latin America. It operates a unified digital ecosystem that enables buyers a...
How the Company Makes Money
Maha Energy primarily makes money by producing and selling crude oil (and, where applicable, associated natural gas/NGLs) from fields in which it holds working interests. Revenue is generated based on (1) production volumes attributable to the com...
Maha Energy AB Class A Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.43M | 0.00 | 8.49M | 5.23M | 12.33M | 68.31M |
| Gross Profit | 83.84K | -66.85K | 1.33M | 361.00K | 3.74M | 37.52M |
| EBITDA | -10.21M | -11.74M | -43.03M | 773.00K | 9.57M | 2.61M |
| Net Income | -31.64M | -26.26M | -32.56M | -33.95M | 22.93M | 21.59M |
Balance Sheet | ||||||
| Total Assets | 139.83M | 115.20M | 127.75M | 201.90M | 218.35M | 168.11M |
| Cash, Cash Equivalents and Short-Term Investments | 50.34M | 63.18M | 96.46M | 88.29M | 19.52M | 25.54M |
| Total Debt | 16.05M | 15.56M | 417.00K | 34.98M | 46.24M | 58.94M |
| Total Liabilities | 26.96M | 16.64M | 8.02M | 47.08M | 77.46M | 76.69M |
| Stockholders Equity | 112.87M | 98.56M | 119.73M | 154.82M | 140.90M | 91.42M |
Cash Flow | ||||||
| Free Cash Flow | -8.99M | -3.94M | -12.89M | -28.91M | -8.03M | -15.97M |
| Operating Cash Flow | -8.59M | -3.36M | -9.18M | -12.68M | 54.66M | 31.00M |
| Investing Cash Flow | 16.20M | 32.62M | -40.47M | 92.65M | -62.68M | -46.99M |
| Financing Cash Flow | 25.62M | 14.94M | -28.93M | -14.41M | 6.38M | 35.95M |
Maha Energy AB Class A Technical Analysis
Neutral
9.29
Price Trends
9.22
Negative
9.29
Negative
10.27
Negative
Market Momentum
-0.35
Negative
45.45
Neutral
66.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:KEOC, the sentiment is Neutral. The current price of 9.29 is above the 20-day moving average (MA) of 7.81, above the 50-day MA of 9.22, and below the 200-day MA of 10.27, indicating a neutral trend. The MACD of -0.35 indicates Negative momentum. The RSI at 45.45 is Neutral, neither overbought nor oversold. The STOCH value of 66.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:KEOC.
Maha Energy AB Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | kr9.30B | 210.60 | 1.20% | 0.13% | 4.60% | -89.25% | |
46 Neutral | kr653.55M | -35.77 | -5.40% | ― | 132.68% | 91.26% | |
46 Neutral | kr8.54M | -0.33 | -210.34% | ― | 30.87% | 30.31% | |
43 Neutral | kr204.70M | -0.08 | -103.55% | ― | -16.23% | 36.58% | |
43 Neutral | kr7.28M | -0.40 | 235.97% | ― | -8.92% | 67.57% | |
42 Neutral | kr2.80B | -5.24 | -29.87% | ― | -75.52% | -14.47% |
* Technology Sector Average
SE:KEOC
Maha Energy AB Class A
8.00
-1.38
-14.71%
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SE:INSP
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SE:ENERS
Enersize Plc
―
―
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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.