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Nordic LEVEL Group AB Class B
(LEVEL)
Select Model
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Rating:45Neutral
Price Target:
kr0.34
▼(-40.88% Downside)
Action:Upgraded
Date:08/26/26
The score is primarily weighed down by weak financial performance, especially the deterioration in operating and free cash flow and continued losses. Technicals provide only modest support (near-term price above 20/50-day averages, but below 100/200-day with negative MACD), and valuation remains unattractive/unclear due to negative earnings and no dividend yield data.
Positive Factors
Resilient Gross Margin
The strong gross margin indicates that LEVEL's security solutions and services retain meaningful underlying economics. If operating costs are controlled, this gross-profit base could support a path toward improved operating profitability over the next several quarters.
Negative Factors
Revenue Decline and Persistent Losses
Declining revenue combined with continued operating and net losses shows that LEVEL is not currently converting its gross profit into sustainable earnings. Prolonged losses can constrain investment, weaken resilience and make future growth dependent on a successful cost reset.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient Gross Margin
The strong gross margin indicates that LEVEL's security solutions and services retain meaningful underlying economics. If operating costs are controlled, this gross-profit base could support a path toward improved operating profitability over the next several quarters.
Read all positive factors
Nordic LEVEL Group AB Class B (LEVEL) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr121.21M
Dividend YieldN/A
Average Volume (3M)106.12K
Price to Earnings (P/E)―
Beta (1Y)0.49
Revenue Growth-7.67%
EPS Growth-138.51%
CountrySE
Employees132
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-0.13
Shares Outstanding350,312,770
10 Day Avg. Volume35,799
30 Day Avg. Volume106,121
Financial Highlights & Ratios
PEG Ratio0.83
Price to Book (P/B)0.46
Price to Sales (P/S)0.24
P/FCF Ratio8.12
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)0.03
Revenue Forecast (FY)kr409.00M
Nordic LEVEL Group AB Class B Business Overview & Revenue Model
Company Description
Nordic LEVEL Group AB (publ.), based in Sundbyberg, Sweden, functions as a systems integrator, specializing in the design and implementation of comprehensive security solutions, primarily across Sweden. The company delivers a broad array of integr...
How the Company Makes Money
LEVEL primarily makes money by selling and delivering security solutions and services to customers. Key revenue streams typically include: (1) project-based revenue from designing, supplying, and installing security technology systems (e.g., acces...
Nordic LEVEL Group AB Class B Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
57
Neutral
Cash Flow
29
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 349.29M | 389.90M | 371.07M | 361.95M | 283.09M | 227.46M |
| Gross Profit | 112.03M | 184.09M | 180.54M | 172.97M | 126.03M | 141.90M |
| EBITDA | -2.23M | 22.26M | 13.54M | 18.69M | -1.46M | -14.10M |
| Net Income | -26.38M | -3.08M | -6.03M | -5.15M | -77.42M | -23.75M |
Balance Sheet | ||||||
| Total Assets | 370.69M | 374.29M | 379.92M | 397.74M | 423.17M | 290.00M |
| Cash, Cash Equivalents and Short-Term Investments | 6.43M | 2.99M | 8.41M | 36.49M | 30.42M | 33.01M |
| Total Debt | 93.11M | 68.85M | 70.30M | 62.67M | 110.54M | 59.52M |
| Total Liabilities | 197.93M | 172.22M | 180.61M | 206.87M | 298.83M | 150.22M |
| Stockholders Equity | 172.75M | 202.07M | 199.31M | 190.88M | 124.32M | 139.79M |
Cash Flow | ||||||
| Free Cash Flow | -14.16M | 11.50M | 3.40M | -36.67M | -43.76M | -54.80M |
| Operating Cash Flow | -13.41M | 11.72M | 5.21M | -34.80M | -40.71M | -54.55M |
| Investing Cash Flow | 1.81M | 2.87M | -17.29M | -8.09M | -18.71M | 20.37M |
| Financing Cash Flow | 15.07M | -20.01M | -15.99M | 48.97M | 56.83M | 61.27M |
Nordic LEVEL Group AB Class B Technical Analysis
Positive
0.57
Price Trends
0.32
Positive
0.39
Negative
0.49
Negative
Market Momentum
>-0.01
Negative
54.34
Neutral
32.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:LEVEL, the sentiment is Positive. The current price of 0.57 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.32, and above the 200-day MA of 0.49, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.34 is Neutral, neither overbought nor oversold. The STOCH value of 32.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:LEVEL.
Nordic LEVEL Group AB Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr392.10B | 24.10 | 15.46% | 1.66% | -0.97% | 12.81% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | kr84.56B | 15.33 | 13.98% | 3.25% | -5.74% | 0.13% | |
59 Neutral | kr8.57B | 269.10 | 1.59% | 1.93% | -0.27% | -89.49% | |
57 Neutral | €9.50B | -64.62 | ― | ― | 9.90% | -38.94% | |
46 Neutral | kr76.65M | -0.24 | -50.45% | ― | 1.81% | 68.16% | |
45 Neutral | kr121.21M | -2.63 | -5.80% | ― | -7.67% | -138.51% |
* Industrials Sector Average
SE:LEVEL
Nordic LEVEL Group AB Class B
0.34
-0.29
-46.34%
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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.