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Nepa AB (SE:NEPA)
:NEPA
Sweden Market
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Nepa AB (NEPA) AI Stock Analysis

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SE:NEPA

Nepa AB

(NEPA)

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Neutral 46 (OpenAI - Gpt-5.6Sol)
Rating:46Neutral
Price Target:
kr16.50
▼(-17.50% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by deteriorating financial performance (sharp revenue contraction, losses, and renewed cash burn), reinforced by bearish technicals (below key moving averages with negative MACD). Valuation is only a modest offset because the negative P/E is driven by losses and there is no dividend yield.
Positive Factors
Debt-free balance sheet
The absence of reported debt limits interest and refinancing risk, preserving financial flexibility while the company works to restore profitability and cash generation. This provides a useful buffer against operating volatility and reduces dependence on external financing.
Negative Factors
Shrinking revenue
Multi-period revenue contraction points to weak demand, customer losses, or limited commercial execution rather than a temporary fluctuation. Persistent decline reduces scale benefits and makes it harder to absorb fixed product, data, and personnel costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of reported debt limits interest and refinancing risk, preserving financial flexibility while the company works to restore profitability and cash generation. This provides a useful buffer against operating volatility and reduces dependence on external financing.
Read all positive factors

Nepa AB (NEPA) vs. iShares MSCI Sweden ETF (EWD)

Nepa AB Business Overview & Revenue Model

Company Description
Nepa AB (publ), a Swedish enterprise established in 2006 and headquartered in Stockholm, specializes in providing consumer research and advanced analytics. The company delivers a comprehensive array of solutions designed to optimize customer exper...
How the Company Makes Money
Nepa AB makes money primarily by selling sustainability data and analytics solutions and related services to businesses. Key revenue streams typically include: (1) software and data access fees (e.g., subscriptions or licenses) for platforms/tools...

Nepa AB Financial Statement Overview

Summary
Overall fundamentals are weak: profitability and revenue have deteriorated sharply (TTM revenue down ~95%) with negative margins and sizable losses, alongside negative operating and free cash flow in 2025 and TTM. The main offset is a conservatively levered balance sheet with zero debt, but ongoing losses are eroding equity.
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue214.73M222.60M268.47M293.08M312.14M295.46M
Gross Profit-8.43M-12.43M203.99M241.36M263.24M242.17M
EBITDA3.87M-12.30M17.02M-15.52M22.05M41.86M
Net Income-11.62M-34.04M-2.08M-14.39M17.49M38.59M
Balance Sheet
Total Assets80.99M98.46M157.64M179.19M211.12M196.71M
Cash, Cash Equivalents and Short-Term Investments17.27M14.51M41.07M38.38M63.83M85.07M
Total Debt0.000.000.000.000.000.00
Total Liabilities56.55M64.85M83.34M92.71M101.43M93.92M
Stockholders Equity24.44M33.61M74.30M86.48M109.69M102.80M
Cash Flow
Free Cash Flow-7.94M-13.71M12.43M-15.77M-11.49M14.67M
Operating Cash Flow-7.90M-13.71M15.26M6.09M15.90M26.14M
Investing Cash Flow-38.00K-3.18M-2.89M-21.87M-27.47M-10.59M
Financing Cash Flow0.00-9.67M-9.67M-9.67M-9.67M0.00

Nepa AB Technical Analysis

Technical Analysis Sentiment
Negative
Last Price20.00
Price Trends
50DMA
19.26
Negative
100DMA
19.29
Negative
200DMA
17.94
Negative
Market Momentum
MACD
-0.60
Positive
RSI
31.70
Neutral
STOCH
17.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NEPA, the sentiment is Negative. The current price of 20 is above the 20-day moving average (MA) of 18.12, above the 50-day MA of 19.26, and above the 200-day MA of 17.94, indicating a bearish trend. The MACD of -0.60 indicates Positive momentum. The RSI at 31.70 is Neutral, neither overbought nor oversold. The STOCH value of 17.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NEPA.

Nepa AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
kr511.89M22.357.15%10.39%30.32%
60
Neutral
kr674.25M-49.515.17%7.51%41.20%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
55
Neutral
kr491.65M-24.7921.86%74.32%
51
Neutral
kr130.12M4.632.13%7.30%
50
Neutral
kr358.10M-146.80-8.60%-105.48%
46
Neutral
kr133.67M-11.566.83%-12.25%65.49%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:NEPA
Nepa AB
17.00
0.10
0.59%
SE:UPSALE
Upsales Technology AB
30.40
-1.30
-4.10%
SE:ONEF
Oneflow AB
17.35
-8.85
-33.78%
SE:4C
4C Group AB
7.34
-7.85
-51.68%
SE:ADTR
Adtraction Group AB
40.60
12.57
44.87%
SE:MOMENT
Moment Group AB
5.14
-1.62
-23.96%
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.Date of analysis: Sep 06, 2026