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Mantex AB (MANTEX) AI Stock Analysis
Mantex AB
(Nasdaq OMX AB:MANTEX)
The score is primarily pressured by very weak financial performance: persistent heavy losses, recurring cash burn, and negative equity. Technicals add further downside risk with the stock trading below all major moving averages, only slightly tempered by near-oversold RSI/Stoch readings. Valuation provides limited support because the negative P/E reflects ongoing unprofitability and no dividend yield is available.
Mantex AB (MANTEX) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 10.85M
- Dividend Yield
- ―
- Average Volume (3M)
- 2,212
- Price to Earnings (P/E)
- -0.5
- Beta (1Y)
- 0.32
- Revenue Growth
- 53.25%
- EPS Growth
- 48.57%
- Country
- Sweden
- Employees
- 6
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Industrial - Machinery
Mantex AB Business Overview & Revenue Model
Company Description
Mantex AB (publ) develops and markets industrial X-ray scanning solutions worldwide, serving sectors such as bioenergy, pulp and paper, and scientific research. The company's product line features biofuel analyzers for evaluating the quality of wood-...
Mantex AB Financial Statement Overview
Summary
Despite strong TTM revenue growth (~49.6%), the company remains severely unprofitable (negative gross profit and extreme operating/net losses) with ongoing negative operating and free cash flow. The latest balance sheet shows zero debt but negative shareholders’ equity, which is a major solvency risk and indicates limited financial flexibility without external funding.
Income Statement
9Very NegativeBalance Sheet
18Very NegativeCash Flow
7Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.43M | 2.76M | 2.66M | 6.83M | 1.44M | 101.99K |
| Gross Profit | -1.73M | 2.22M | 31.03M | 5.40M | 132.46K | -426.28K |
| EBITDA | -22.93M | -15.60M | -25.10M | -16.43M | -16.02M | -15.93M |
| Net Income | -23.55M | -25.22M | -26.07M | -16.69M | -15.53M | -16.21M |
Balance Sheet | ||||||
| Total Assets | 18.65M | 18.48M | 36.34M | 35.75M | 27.26M | 29.71M |
| Cash, Cash Equivalents and Short-Term Investments | 945.00K | 1.13M | 5.99M | 15.82M | 10.50M | 18.62M |
| Total Debt | 0 | 10.00M | 1.70M | 4.15M | 0 | 0 |
| Total Liabilities | 20.65M | 12.63M | 6.25M | 7.70M | 3.01M | 2.14M |
| Stockholders Equity | -2.00M | 5.84M | 30.09M | 28.05M | 24.24M | 27.57M |
Cash Flow | ||||||
| Free Cash Flow | -5.98M | -10.82M | -25.33M | -16.01M | -17.59M | -17.87M |
| Operating Cash Flow | -5.98M | -10.82M | -25.33M | -16.01M | -17.59M | -17.87M |
| Investing Cash Flow | 0 | 0 | -8.48M | -3.31M | -2.74M | -703.69K |
| Financing Cash Flow | 6.65M | 5.95M | 23.97M | 24.65M | 12.20M | 33.78M |
Mantex AB Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:MANTEX, the sentiment is Negative. The current price of 5.00 is below the 20-day moving average (MA) of 5.11, below the 50-day MA of 5.74, and below the 200-day MA of 7.52, indicating a bearish trend. The MACD of -0.17 indicates Negative momentum. The RSI at 38.20 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:MANTEX.
Mantex AB Peers Comparison
Overall Rating
SE:SINT71Outperform
SE:NMAN60Neutral
SE:IMPC56Neutral- SE:MANTEX41Neutral
SE:OXE39Underperform
SE:FREEM38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SE:SINT | 71Outperform | SEK 743.24M | 39.07 | 25.77% | 4.27% | -19.19% | -43.88% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| SE:NMAN | 60Neutral | SEK 4.86B | 21.66 | ― | 2.89% | -6.05% | -24.08% |
| SE:IMPC | 56Neutral | SEK 323.02M | -12.36 | ― | ― | 6.10% | 51.80% |
| SE:MANTEX | 41Neutral | SEK 10.85M | -0.46 | -621.81% | ― | 53.25% | 48.57% |
| SE:OXE | 39Underperform | SEK 172.58M | -1.66 | -70.68% | ― | -51.62% | 6.08% |
| SE:FREEM | 38Underperform | SEK 402.57M | -3.47 | -52.39% | ― | 23.50% | 37.20% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:MANTEX | Mantex AB | 5.00 | -4.05 | -44.75% | |
| SE:OXE | Oxe Marine Ab | 0.18 | -0.23 | -55.37% | |
| SE:SINT | SinterCast AB | 105.50 | 0.06 | 0.06% | |
| SE:FREEM | Freemelt Holding AB | 1.77 | -0.02 | -1.23% | |
| SE:NMAN | Nederman Holding AB | 138.40 | -19.61 | -12.41% | |
| SE:IMPC | Impact Coatings AB | 3.07 | 1.66 | 117.27% |
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: Sep 18, 2026