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Minesto AB
(MINEST)
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Rating:44Neutral
Price Target:
kr1.00
▲(40.42% Upside)
Action:Reiterated
Date:10/24/26
The score is held down primarily by very weak operating performance (zero TTM revenue, persistent losses) and continued negative operating/free cash flow despite improving burn. Technicals add further pressure with price below all key moving averages and negative MACD. The main support comes from a strong, low-debt balance sheet that provides financial flexibility, but it does not yet offset the lack of revenue traction and ongoing cash consumption.
Positive Factors
Low Leverage
Extremely low debt relative to equity gives Minesto meaningful financial flexibility and limits interest burden. This strengthens its ability to continue developing marine-energy technology, absorb operating volatility, and pursue projects without the immediate constraints associated with heavily leveraged operations.
Negative Factors
No Revenue Scale
Zero trailing revenue shows that Minesto has not yet established meaningful commercial scale. Without recurring sales or project revenue, the company remains dependent on technology development and future commercialization, making near-term financial progress highly sensitive to execution and deployment milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Extremely low debt relative to equity gives Minesto meaningful financial flexibility and limits interest burden. This strengthens its ability to continue developing marine-energy technology, absorb operating volatility, and pursue projects without the immediate constraints associated with heavily leveraged operations.
Read all positive factors
Minesto AB (MINEST) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr267.39M
Dividend YieldN/A
Average Volume (3M)1.43M
Price to Earnings (P/E)―
Beta (1Y)0.49
Revenue GrowthN/A
EPS Growth27.42%
CountrySE
Employees31
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-0.13
Shares Outstanding260,111,600
10 Day Avg. Volume3,021,535
30 Day Avg. Volume1,429,247
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)0.25
Price to Sales (P/S)0.00
P/FCF Ratio-2.36
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)N/A
Minesto AB Business Overview & Revenue Model
Company Description
Minesto AB (publ), along with its affiliated entities, functions as a developer of marine energy solutions, operating in various locations such as Sweden, Wales, Northern Ireland, and Taiwan. The company utilizes its proprietary Deep Green technol...
Minesto AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 75.00K | 391.00K | 42.82M | 38.76M |
| Gross Profit | 0.00 | -252.00K | 25.71M | 41.78M | 85.64M | 77.53M |
| EBITDA | -29.17M | -38.52M | -35.79M | -26.78M | -22.11M | -18.49M |
| Net Income | -29.88M | -36.63M | -36.10M | -27.12M | -84.44M | -14.93M |
Balance Sheet | ||||||
| Total Assets | 636.76M | 652.60M | 586.19M | 552.14M | 486.18M | 559.50M |
| Cash, Cash Equivalents and Short-Term Investments | 38.45M | 67.57M | 34.89M | 15.16M | 34.58M | 150.89M |
| Total Debt | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K |
| Total Liabilities | 21.40M | 22.24M | 17.54M | 29.40M | 32.83M | 21.75M |
| Stockholders Equity | 615.36M | 630.36M | 568.65M | 522.75M | 453.34M | 537.75M |
Cash Flow | ||||||
| Free Cash Flow | -26.38M | -65.68M | -62.54M | -116.74M | -116.77M | -94.87M |
| Operating Cash Flow | -26.26M | -36.18M | -10.22M | -16.20M | -36.58M | -20.41M |
| Investing Cash Flow | -26.47M | -29.50M | -52.29M | -100.54M | -80.18M | -74.45M |
| Financing Cash Flow | 60.83M | 98.68M | 81.95M | 96.73M | 0.00 | 140.26M |
Minesto AB Technical Analysis
Negative
0.71
Price Trends
1.27
Negative
1.45
Negative
1.09
Negative
Market Momentum
-0.06
Positive
46.54
Neutral
12.51
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:MINEST, the sentiment is Negative. The current price of 0.71 is below the 20-day moving average (MA) of 1.09, below the 50-day MA of 1.27, and below the 200-day MA of 1.09, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 46.54 is Neutral, neither overbought nor oversold. The STOCH value of 12.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:MINEST.
Minesto AB Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | kr1.19B | -4.04 | -22.52% | 4.71% | -28.36% | -201.77% | |
51 Neutral | kr219.37M | -1.00 | -64.52% | ― | -62.39% | 30.32% | |
44 Neutral | kr267.39M | -8.05 | -4.93% | ― | ― | 27.42% | |
44 Neutral | kr2.41B | -11.33 | -6.02% | 1897.45% | 53.25% | 47.95% |
* Utilities Sector Average
SE:MINEST
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0.96
-0.57
-37.04%
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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.