OXE Marine (OXE) AI Stock Analysis

• Market Cap: $277.22M
• Dividend Yield: N/A
• Average Volume (3M): 330.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.21
• Revenue Growth: 2.70%
• EPS Growth: 48.98%
• Country: SE
• Employees: 53
• Sector: Industrials
• Sector Strength: 72
• Industry: Auto - Parts
• EPS (TTM): -0.02
• Shares Outstanding: 693,040,470
• 10 Day Avg. Volume: 391,974
• 30 Day Avg. Volume: 330,136
• PEG Ratio: 0.04
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.71
• P/FCF Ratio: -2.20
• Enterprise Value/Market Cap: 0.86
• Enterprise Value/Revenue: 1.19
• Enterprise Value/Gross Profit: 3.45
• Enterprise Value/Ebitda: -8.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: kr0.50 ▲(28.21% Upside)

OXE Marine's overall stock score is heavily impacted by its poor financial performance and valuation metrics. The company's ongoing operational inefficiencies and cash flow challenges are significant risks. Additionally, bearish technical indicators suggest continued downward pressure on the stock price.

OXE Marine Business Overview & Revenue Model

Company Description

OXE Marine AB (publ) designs, develops, and distributes diesel outboard engines for the marine market in Sweden and internationally. It offers OXE Diesel, a diesel outboard engine. The company provides OXE electronic control, coast key, display, and defa systems. It offers its engines for direct to market model for access to end-user, dealer, governmental, and OEM networks. The company was formerly known as Cimco Marine AB (publ) and changed its name to OXE Marine AB (publ) in February 2020. OXE Marine AB (publ) was incorporated in 2012 and is headquartered in Helsingborg, Sweden.

How the Company Makes Money

OXE Marine generates revenue primarily through the sale of its advanced diesel outboard engines to various customers, including marine manufacturers, boat builders, and end-users in the commercial and leisure boating markets. The company also earns income from after-sales services, which include maintenance, spare parts, and technical support for its engines. Significant partnerships with boat manufacturers and distributors enhance OXE's market reach and customer base, allowing for increased sales volume. The growing demand for eco-friendly marine propulsion solutions further supports OXE's revenue potential, as the industry shifts towards more sustainable practices.

OXE Marine Financial Statement Overview

Summary

OXE Marine is struggling with profitability and cash flow management. The company has negative net income, declining revenue, and poor cash conversion from operations. Despite some improvements in balance sheet leverage, consistent losses and cash flow issues highlight significant operational challenges.

Income Statement

OXE Marine faces significant challenges with profitability, as evidenced by negative net income and EBIT margins over several years. Revenue declined by 8.36% from 2023 to 2024, and gross profit margin is relatively low at 31.52% for 2024. The consistent negative EBITDA and EBIT indicate ongoing operational inefficiencies.

Balance Sheet

The company has a high debt burden, with a debt-to-equity ratio of 0.28 for 2024, but this is an improvement from previous years as equity increased. The equity ratio improved to 61.41% in 2024, indicating better asset financing through equity. However, consistent losses have eroded shareholder equity over time.

Cash Flow

OXE Marine shows negative free cash flow growth, with free cash flow deteriorating from 2023 to 2024. The operating cash flow to net income ratio is negative, reflecting poor cash conversion from operations. This suggests cash flow challenges despite financing activities providing some liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	201.27M	173.75M	189.59M	148.42M	99.80M	39.74M
Gross Profit	69.42M	54.78M	38.18M	32.17M	25.57M	5.50M
EBITDA	-29.94M	-52.66M	-77.29M	-70.57M	-43.57M	-73.85M
Net Income	-64.94M	-97.90M	-116.44M	-109.90M	-81.33M	-93.92M
Balance Sheet
Total Assets	280.87M	310.87M	339.30M	402.76M	330.34M	359.80M
Cash, Cash Equivalents and Short-Term Investments	4.21M	44.32M	28.69M	46.31M	23.45M	41.41M
Total Debt	51.72M	53.09M	241.25M	229.76M	215.69M	204.87M
Total Liabilities	114.84M	119.94M	325.94M	299.47M	283.69M	264.15M
Stockholders Equity	166.03M	190.92M	13.36M	103.29M	46.65M	95.65M
Cash Flow
Free Cash Flow	-71.29M	-55.95M	-52.05M	-53.41M	37.38M	6.62M
Operating Cash Flow	-66.02M	-51.27M	-50.43M	-50.19M	37.38M	6.62M
Investing Cash Flow	-4.56M	-3.97M	-1.05M	8.14M	0.00	0.00
Financing Cash Flow	66.75M	70.22M	34.30M	64.90M	0.00	0.00

OXE Marine Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.39
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:OXE, the sentiment is Negative. The current price of 0.39 is below the 20-day moving average (MA) of 0.47, below the 50-day MA of 0.49, and below the 200-day MA of 0.39, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 33.87 is Neutral, neither overbought nor oversold. The STOCH value of 11.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:OXE.

OXE Marine Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VSSAB.B	66 Neutral	€1.47B	-92.14	-0.26%	―	-13.25%	-147.05%
GGEO	64 Neutral	kr90.37M	45.89	1.33%	―	2.20%	50.91%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
NORB.B	62 Neutral	€746.95M	58.81	1.98%	―	4.24%	29.69%
GOMX	48 Neutral	kr2.55B	―	―	―	9.60%	40.86%
SALT.B	42 Neutral	kr1.03B	-16.29	-40.77%	―	11.85%	6.39%
OXE	38 Underperform	$277.22M	-3.33	-88.71%	―	2.70%	48.98%

OXE Marine Corporate Events

OXE Marine AB Reports Q3 2025 Financial Results

OXE Marine AB is a Swedish company known for its innovative high-performance diesel outboard engines, which offer enhanced torque transmission and fuel efficiency, catering to the global marine sector.