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Ovzon AB
(OVZON)
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Rating:63Neutral
Price Target:
kr37.00
▼(-9.14% Downside)
Action:Reiterated
Date:10/23/26
The score is driven primarily by improved fundamentals—strong recent profitability and growth alongside a substantially stronger balance sheet. This is tempered by weaker technicals (price below key moving averages and negative MACD) and only moderate valuation support (P/E ~17 with no dividend yield).
Positive Factors
Revenue and Profitability Growth
The sharp improvement in revenue and profitability indicates stronger commercial traction and operating leverage. If the company sustains even part of this performance, higher margins can support reinvestment, strengthen its competitive position in satellite communications, and increase earnings capacity over the next several quarters.
Negative Factors
Volatile Cash Flow
Although cash generation is currently positive, the sharp TTM decline and history of negative cash flow show that conversion has not yet become consistently dependable. Continued volatility could constrain internally funded investment, slow deleveraging, and make results more sensitive to changes in operating performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Growth
The sharp improvement in revenue and profitability indicates stronger commercial traction and operating leverage. If the company sustains even part of this performance, higher margins can support reinvestment, strengthen its competitive position in satellite communications, and increase earnings capacity over the next several quarters.
Read all positive factors
Ovzon AB (OVZON) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr4.12B
Dividend YieldN/A
Average Volume (3M)512.60K
Price to Earnings (P/E)16.7
Beta (1Y)0.71
Revenue Growth77.35%
EPS GrowthN/A
CountrySE
Employees49
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)2.22
Shares Outstanding111,530,520
10 Day Avg. Volume626,884
30 Day Avg. Volume512,598
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)2.66
Price to Sales (P/S)6.47
P/FCF Ratio15.91
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)1.94
Revenue Forecast (FY)kr1.03B
Ovzon AB Business Overview & Revenue Model
Company Description
Ovzon AB (publ), established in 2006 and headquartered in Solna, Sweden, specializes in delivering satellite-enabled mobile broadband services primarily within the Swedish market. The company's advanced connectivity solutions cater to a diverse ar...
Ovzon AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
80
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.00B | 735.00M | 334.00M | 290.00M | 356.99M | 191.38M |
| Gross Profit | 445.00M | 143.00M | 162.00M | 85.00M | 124.69M | 24.60M |
| EBITDA | 435.00M | 282.00M | 7.00M | -37.00M | -12.62M | -73.62M |
| Net Income | 248.00M | 137.00M | -162.00M | -60.00M | -36.19M | -83.85M |
Balance Sheet | ||||||
| Total Assets | 2.46B | 2.82B | 2.77B | 2.54B | 1.92B | 1.85B |
| Cash, Cash Equivalents and Short-Term Investments | 46.00M | 171.00M | 126.00M | 247.00M | 275.61M | 406.08M |
| Total Debt | 260.00M | 436.00M | 775.00M | 657.00M | 478.05M | 323.67M |
| Total Liabilities | 542.00M | 1.03B | 1.18B | 765.00M | 528.85M | 403.05M |
| Stockholders Equity | 1.92B | 1.79B | 1.59B | 1.78B | 1.39B | 1.45B |
Cash Flow | ||||||
| Free Cash Flow | 190.00M | 299.00M | -107.00M | -689.00M | -275.26M | -349.74M |
| Operating Cash Flow | 222.00M | 337.00M | 52.00M | -14.00M | -112.16M | -75.93M |
| Investing Cash Flow | -41.00M | -49.00M | -158.00M | -668.00M | -150.65M | -273.81M |
| Financing Cash Flow | -351.00M | -243.00M | -17.00M | 651.00M | 101.51M | 558.62M |
Ovzon AB Technical Analysis
Positive
40.72
Price Trends
36.95
Positive
39.69
Negative
48.32
Negative
Market Momentum
-0.50
Negative
58.23
Neutral
74.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:OVZON, the sentiment is Positive. The current price of 40.72 is above the 20-day moving average (MA) of 34.14, above the 50-day MA of 36.95, and below the 200-day MA of 48.32, indicating a neutral trend. The MACD of -0.50 indicates Negative momentum. The RSI at 58.23 is Neutral, neither overbought nor oversold. The STOCH value of 74.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:OVZON.
Ovzon AB Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr109.29B | 10.66 | 41.74% | 6.68% | 2.18% | 135.71% | |
66 Neutral | kr183.32B | 35.43 | 10.00% | 4.27% | -0.15% | 23.71% | |
64 Neutral | kr34.30B | 78.47 | 1.99% | ― | -6.20% | ― | |
63 Neutral | kr4.12B | 16.66 | 13.33% | ― | 77.35% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | kr128.18M | 14.39 | 27.90% | ― | 7.92% | -43.49% | |
54 Neutral | kr272.26M | -1.09 | -42.59% | ― | -5.09% | -1189.66% |
* Communication Services Sector Average
SE:OVZON
Ovzon AB
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-1.26%
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Ovzon AB Corporate Events
Ovzon wins 39 MSEK follow‑on NATO order for mobile satellite terminals
Oct 23, 2026
Ovzon AB has secured a supplementary order worth 39 MSEK, or 3.9 MUSD, from a NATO customer it onboarded in July 2026 for additional mobile satellite terminals operating on its existing satellite service. Deliveries are scheduled for the fourth qu...
Ovzon expands global defense SATCOM footprint on rising 2026 profits
Oct 21, 2026
Ovzon AB reported solid financial performance for the July–September 2026 quarter, with revenue rising to 220 MSEK and profit for the period increasing to 47 MSEK, while EBITDA remained broadly stable and operating profit matched the prior y...
Ovzon to Present Third-Quarter 2026 Results in Investor Webcast
Oct 14, 2026
Ovzon AB, a Nasdaq Stockholm Mid Cap-listed provider of mobile satellite communications services, delivers SATCOM-as-a-Service combining high-throughput satellite capacity, mobile terminals and gateway support. The company focuses on mission-criti...
Ovzon Wins 90 MSEK U.S. Government SATCOM Order on Ovzon 3
Sep 28, 2026
Ovzon has secured a 12-month order worth 90 MSEK from a new U.S. government customer for its integrated SATCOM platform, including services on the Ovzon 3 satellite, third-party capacity and mobile satellite terminals. The deal, which begins immed...
Ovzon Wins 12-Month SATCOM Renewal with Italian Fire and Rescue Services
Sep 8, 2026
Ovzon AB has secured a 12-month renewal worth 4 MSEK for delivering its satellite communications solutions to the Italian Fire and Rescue Services, ensuring uninterrupted service for the critical public safety missions it supports. The extension, ...
Ovzon Enters German Defense SATCOM Market Through New Partnerships
Aug 27, 2026
Ovzon AB is expanding into Germany by building a defense-focused partner ecosystem with IABG Teleport and MBS, two established German high-tech space and communications providers. The initial step is an order to test Ovzon’s integrated satel...
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.