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Mantex AB
(MANTEX)
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Rating:41Neutral
Price Target:
kr5.00
▼(-23.66% Downside)
Action:Reiterated
Date:09/18/26
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.
Positive Factors
Strong Revenue Growth
Revenue growth near 50% shows that Mantex is expanding sales despite its current profitability challenges. If sustained, greater deployment across pulp, paper, bioenergy, and sawmilling customers could improve operating leverage and create a broader installed base for future service revenue.
Negative Factors
Severe and Persistent Unprofitability
Negative gross profit means the current cost base exceeds revenue even before operating expenses, while extreme operating and net losses remain far from breakeven. This weak earnings quality limits internal funding capacity and makes the business dependent on a substantial improvement in economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue growth near 50% shows that Mantex is expanding sales despite its current profitability challenges. If sustained, greater deployment across pulp, paper, bioenergy, and sawmilling customers could improve operating leverage and create a broader installed base for future service revenue.
Read all positive factors
Mantex AB (MANTEX) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr11.07M
Dividend YieldN/A
Average Volume (3M)3.67K
Price to Earnings (P/E)―
Beta (1Y)0.33
Revenue Growth53.25%
EPS Growth48.57%
CountrySE
Employees6
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-10.84
Shares Outstanding2,169,645
10 Day Avg. Volume2,662
30 Day Avg. Volume3,668
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.14
Price to Sales (P/S)4.52
P/FCF Ratio-1.15
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)N/A
Revenue Forecast (FY)kr89.43M
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 wo...
How the Company Makes Money
Mantex makes money primarily by selling its measurement systems (hardware and associated software) to industrial customers in the forest products sector. Revenue is generated from (1) equipment/system sales where customers purchase the measurement...
Mantex AB Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
7
Very 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 | 0.00 | 10.00M | 1.70M | 4.15M | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | -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
Negative
6.55
Price Trends
6.58
Negative
7.55
Negative
7.67
Negative
Market Momentum
-0.49
Positive
27.47
Positive
19.75
Positive
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 6.55 is above the 20-day moving average (MA) of 5.84, below the 50-day MA of 6.58, and below the 200-day MA of 7.67, indicating a bearish trend. The MACD of -0.49 indicates Positive momentum. The RSI at 27.47 is Positive, neither overbought nor oversold. The STOCH value of 19.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:MANTEX.
Mantex AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr718.58M | 37.78 | 25.77% | 4.41% | -19.19% | -43.88% | |
65 Neutral | kr4.37B | 17.85 | ― | 3.21% | -5.51% | -14.52% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
47 Neutral | kr319.87M | -7.20 | ― | ― | -40.40% | 6.62% | |
46 Neutral | kr418.51M | -3.60 | -52.39% | ― | 23.50% | 37.20% | |
41 Neutral | kr11.07M | -0.47 | -621.81% | ― | 53.25% | 48.57% | |
41 Neutral | kr177.76M | -1.51 | -73.67% | ― | -47.03% | 8.51% |
* Industrials Sector Average
SE:MANTEX
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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.