OXE Marine (OXE) AI Stock Analysis

OXE Marine

(Nasdaq OMX AB:OXE)

Select Model

Rating:42Neutral

Price Target:SEK 0.18▼(-4.37% Downside)

Action:upgraded

Date:10/27/26

The overall score is very low, driven primarily by a critical financial situation where a negative gross margin is causing massive cash burn and eroding the company's recently recapitalized equity. Valuation is unsupportive due to deep unprofitability. A short-term technical bounce provides a minor positive offset but does not change the highly concerning fundamental outlook.

Positive Factors

Improved LeverageThe reduction in leverage from the 2023 stress point provides a stronger financial foundation than the company previously had. A more manageable debt-to-equity position can preserve financing flexibility and give management more room to pursue recovery while controlling the risk of excessive balance-sheet pressure.

Negative Factors

Persistent UnprofitabilityPersistent losses and negative gross profit indicate that current product economics and operating costs are not yet supported by the revenue base. Without a sustained improvement in pricing, volumes, or cost structure, weak profitability can continue consuming resources and delay the path to self-funding operations.

OXE Marine (OXE) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 18.86M
Dividend Yield: ―
Average Volume (3M): 483.36K
Price to Earnings (P/E): -1.7
Beta (1Y): 0.32
Revenue Growth: -51.62%
EPS Growth: 6.08%
Country: Sweden
Employees: 48
Sector: Industrials
Sector Strength: 63
Industry: Industrial - Machinery

OXE Marine Business Overview & Revenue Model

Company Description

OXE Marine AB (publ) is dedicated to the design, development, and international distribution of diesel outboard engines for the marine industry, serving both the Swedish domestic market and global customers. The company's primary offering is the robu...

How the Company Makes Money

OXE makes money primarily by selling its outboard propulsion systems to end customers and through marine industry distribution channels. Key revenue streams include: (1) Product sales: revenue from the sale of OXE outboard engines/propulsion units (a...

OXE Marine Financial Statement Overview

Summary

Financial health is critical. Revenue is declining and gross margin has collapsed to -50.2%, driving massive operating and net losses. Operating and free cash flow are deeply negative, rapidly consuming the equity recently injected to repair the balance sheet. The overall trajectory is highly concerning with no clear path to profitability.

Income Statement

8Very Negative

Balance Sheet

35Negative

Cash Flow

10Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	95.83M	184.07M	173.75M	189.59M	148.42M	99.80M
Gross Profit	-48.08M	-62.89M	54.78M	38.18M	32.17M	25.57M
EBITDA	-51.40M	-33.64M	-52.66M	-77.29M	-70.57M	-43.57M
Net Income	-84.75M	-61.58M	-97.90M	-116.44M	-109.90M	-81.33M
Balance Sheet
Total Assets	257.69M	286.40M	310.87M	339.30M	402.76M	330.34M
Cash, Cash Equivalents and Short-Term Investments	6.60M	17.93M	44.32M	28.69M	46.31M	23.45M
Total Debt	81.81M	81.78M	53.09M	241.25M	229.76M	215.69M
Total Liabilities	133.39M	163.98M	119.94M	325.94M	299.47M	283.69M
Stockholders Equity	124.31M	122.42M	190.92M	13.36M	103.29M	46.65M
Cash Flow
Free Cash Flow	-87.82M	-73.66M	-55.95M	-52.05M	-53.41M	37.38M
Operating Cash Flow	-79.67M	-71.93M	-51.27M	-50.43M	-50.19M	37.38M
Investing Cash Flow	-11.78M	-4.65M	-3.97M	-1.05M	8.14M	0
Financing Cash Flow	88.86M	51.73M	70.22M	34.30M	64.90M	0

OXE Marine Technical Analysis

Technical Analysis SentimentNeutral

Last Price0.18

Price Trends

50DMA0.19Negative

100DMA0.22Negative

200DMA0.25Negative

Market Momentum

MACD-0.00Negative

RSI53.09Neutral

STOCH76.10Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:OXE, the sentiment is Neutral. The current price of 0.18 is above the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.19, and below the 200-day MA of 0.25, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 53.09 is Neutral, neither overbought nor oversold. The STOCH value of 76.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:OXE.

OXE Marine Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

SE:OXE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:ATCO.B	73Outperform	SEK 858.54B	32.43	24.21%	1.87%	2.72%	0.11%
SE:TREL.B	69Neutral	SEK 98.87B	25.29	10.57%	1.77%	1.86%	11.09%
SE:ALFA	67Neutral	SEK 225.51B	27.71	17.58%	1.65%	4.27%	-2.41%
SE:SAND	65Neutral	SEK 450.20B	23.60	18.92%	1.67%	14.34%	29.04%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SE:VOLV.B	60Neutral	SEK 630.55B	16.16	21.20%	4.23%	-2.72%	9.79%
SE:OXE	42Neutral	SEK 172.58M	-1.66	-70.68%	―	-51.62%	6.08%

* Industrials Sector Average

Performance Comparison

SE:OXE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:OXE	Oxe Marine Ab	0.18	-0.23	-55.37%
SE:ALFA	Alfa Laval AB	545.60	106.83	24.35%
SE:ATCO.B	Atlas Copco AB (0R82)	160.40	23.52	17.18%
SE:SAND	Sandvik AB (UK)	358.90	77.96	27.75%
SE:TREL.B	Trelleborg AB	451.20	65.73	17.05%
SE:VOLV.B	Volvo AB (UK)	310.00	61.89	24.95%

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: Oct 27, 2026

OXE Marine AI Stock Analysis