Want to see SE:OBAB full AI Analyst Report?
Top Page
Online Brands Nordic AB
(OBAB)
Select Model
Select Model
Rating:53Neutral
Price Target:
kr15.00
▼(-17.13% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily held back by ongoing unprofitability (continued net losses and negative ROE), despite improving fundamentals in cash generation and moderate leverage. Technicals are supportive with a strong uptrend, but momentum is overextended (high RSI/Stoch), adding near-term risk. Valuation is constrained by negative earnings and no dividend data, limiting support from traditional valuation metrics.
Positive Factors
Revenue Growth
Continued top-line expansion indicates ongoing customer demand and business activity. If sustained, revenue growth can improve operating leverage and provide a foundation for eventual profitability, even though earnings remain negative today.
Negative Factors
Persistent Net Losses
The company has not converted revenue growth into sustainable earnings, with losses continuing in both 2025 and the TTM period. Persistent unprofitability can constrain reinvestment, weaken shareholder returns, and require further operational restructuring.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Continued top-line expansion indicates ongoing customer demand and business activity. If sustained, revenue growth can improve operating leverage and provide a foundation for eventual profitability, even though earnings remain negative today.
Read all positive factors
Online Brands Nordic AB (OBAB) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr375.30M
Dividend YieldN/A
Average Volume (3M)21.27K
Price to Earnings (P/E)―
Beta (1Y)0.17
Revenue Growth31.24%
EPS Growth-39.12%
CountrySE
Employees98
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.25
Shares Outstanding25,705,240
10 Day Avg. Volume20,062
30 Day Avg. Volume21,269
Financial Highlights & Ratios
PEG Ratio-0.46
Price to Book (P/B)2.30
Price to Sales (P/S)0.96
P/FCF Ratio40.39
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)kr595.20M
Online Brands Nordic AB Business Overview & Revenue Model
Company Description
Online Brands Nordic AB (publ) engages in the online sale of carpets under Trendcarpet brand. It operates through Retail of Home Furnishings; Retail of Apparel; Retail of Outdoor Recreation and Camping; Retail of Beauty and Cosmetics; Jewelry Reta...
Online Brands Nordic AB Financial Statement Overview
Summary
Income Statement
39
Negative
Balance Sheet
62
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 529.10M | 469.90M | 365.60M | 301.14M | 286.91M | 146.43M |
| Gross Profit | 140.80M | 264.43M | 183.60M | 136.93M | 167.68M | 99.20M |
| EBITDA | 30.70M | 13.00M | 35.10M | 14.59M | 2.10M | 12.72M |
| Net Income | -6.40M | -14.80M | -8.00M | -10.49M | -18.30M | 9.32M |
Balance Sheet | ||||||
| Total Assets | 340.70M | 330.30M | 278.80M | 274.81M | 294.10M | 164.02M |
| Cash, Cash Equivalents and Short-Term Investments | 11.70M | 23.90M | 16.60M | 12.28M | 15.25M | 66.24M |
| Total Debt | 35.80M | 42.30M | 21.10M | 39.43M | 49.96M | 4.17M |
| Total Liabilities | 122.70M | 133.30M | 103.10M | 98.03M | 133.31M | 35.18M |
| Stockholders Equity | 218.00M | 196.90M | 175.70M | 176.78M | 160.79M | 128.84M |
Cash Flow | ||||||
| Free Cash Flow | 10.50M | 11.20M | 27.20M | -14.10M | -15.05M | -9.89M |
| Operating Cash Flow | 13.00M | 14.70M | 27.20M | -11.34M | -12.61M | -8.16M |
| Investing Cash Flow | -11.80M | -8.50M | -3.20M | -1.57M | -78.99M | 8.60M |
| Financing Cash Flow | 2.10M | 1.10M | -19.70M | 9.94M | 40.61M | 61.39M |
Online Brands Nordic AB Technical Analysis
Positive
18.10
Price Trends
12.38
Positive
12.16
Positive
13.62
Positive
Market Momentum
0.63
Positive
64.97
Neutral
49.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:OBAB, the sentiment is Positive. The current price of 18.1 is above the 20-day moving average (MA) of 13.94, above the 50-day MA of 12.38, and above the 200-day MA of 13.62, indicating a bullish trend. The MACD of 0.63 indicates Positive momentum. The RSI at 64.97 is Neutral, neither overbought nor oversold. The STOCH value of 49.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:OBAB.
Online Brands Nordic AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr1.45B | 20.73 | 11.99% | 1.87% | 11.47% | 15.20% | |
68 Neutral | kr1.04B | 11.87 | ― | 4.49% | 3.43% | 69.60% | |
61 Neutral | kr216.09M | -11.45 | ― | ― | ― | ― | |
58 Neutral | kr113.40M | -25.00 | -4.08% | ― | -13.70% | 92.84% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | kr555.10M | -8.55 | ― | ― | 7.99% | 33.84% | |
53 Neutral | kr375.30M | -58.54 | ― | ― | 31.24% | -39.12% |
* General Sector Average
SE:OBAB
Online Brands Nordic AB
14.60
2.10
16.80%
SE:DSNO
Desenio Group AB
0.12
-0.01
-10.45%
SE:RUG
RugVista Group AB
68.60
-3.59
-4.97%
SE:BOKUS
Bokusgruppen AB
63.40
-18.34
-22.44%
SE:CDON
CDON AB
48.80
-17.40
-26.28%
SE:BBROOM
New Bubbleroom Sweden AB
13.40
8.20
157.69%
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.