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PILA PHARMA AB (PILA) AI Stock Analysis

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SE:PILA

PILA PHARMA AB

(Nasdaq OMX AB:PILA)

Select Model
Rating:45Neutral
Price Target:SEK 1.50â–¼(-3.85% Downside)
Action:reiterated
Date:09/24/26

The score is primarily held down by weak financial performance—shrinking TTM revenue, large ongoing losses, and persistent negative free cash flow indicating continued reliance on external funding. Technical indicators are neutral to mildly supportive (positive MACD and price above longer-term averages), but they are not strong enough to offset the fundamental cash-burn profile. Valuation is also constrained by negative earnings (negative P/E) and no dividend yield data.

Positive Factors
Low Financial LeverageZero reported debt reduces near-term balance-sheet pressure and avoids interest obligations while the company advances its development program. This provides greater financial flexibility than a similarly loss-making biotech carrying substantial leverage, although it does not eliminate funding needs.
Negative Factors
Sharp Revenue ContractionThe steep TTM revenue decline shows that PILA has not established a stable or expanding commercial revenue base. Continued contraction from an already low level weakens operating leverage and leaves the company more dependent on successful clinical progress and future commercialization.

PILA PHARMA AB (PILA) vs. iShares MSCI Sweden ETF (EWD)

-50%-40%-30%-20%-10%0%10%20%SE:PILA-28.11%EWD+13.33%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SEK 71.26M
Dividend Yield
―
Average Volume (3M)
80.89K
Price to Earnings (P/E)
-3.8
Beta (1Y)
0.16
Revenue Growth
-71.19%
EPS Growth
-23.18%
Country
Sweden
Employees
1
Sector
Healthcare
Sector Strength
51
Industry
Biotechnology

PILA PHARMA AB Business Overview & Revenue Model

Company Description

Based in Sweden, PILA PHARMA AB (publ) is a pharmaceutical firm actively engaged in clinical development. The company's principal drug, XEN-D0501, is a TRPV1 antagonist which has successfully completed two phase 2a clinical studies aimed at treating...

How the Company Makes Money

As a clinical-stage pharmaceutical company, PILA PHARMA AB’s ability to generate recurring commercial revenue depends on successful drug development and subsequent commercialization or partnering. Specific, company-reported details on current revenue...

PILA PHARMA AB Financial Statement Overview

Summary

Financials reflect a pre-commercial, loss-making profile: TTM revenue fell sharply (-60.7%) from a low base, profitability is deeply negative (TTM net loss -16.8M) with negative margins, and cash flow shows persistent burn (TTM operating/free cash flow about -20.8M). The main offset is a low-leverage balance sheet with zero debt in recent periods, but recurring losses imply ongoing funding needs and dilution risk.

Income Statement

18Very Negative

Balance Sheet

55Neutral

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue275.74K1.13M775.00K1.46M1.88M719.23K
Gross Profit-5.95M-6.82M-8.12M1.46M1.88M680.94K
EBITDA-6.71M-15.92M-10.11M-8.81M-26.76M-17.16M
Net Income-16.77M-16.86M-11.24M-9.93M-26.78M-17.21M
Balance Sheet
Total Assets16.86M16.22M6.22M8.46M10.89M31.81M
Cash, Cash Equivalents and Short-Term Investments3.26M15.90M4.89M5.95M7.24M28.21M
Total Debt000773.08K00
Total Liabilities748.00K1.43M963.00K1.79M1.36M1.51M
Stockholders Equity16.11M14.78M5.26M6.66M9.53M30.30M
Cash Flow
Free Cash Flow-20.79M-9.19M-7.82M-4.85M-9.09M-9.36M
Operating Cash Flow-20.79M-9.19M-7.82M-4.85M-9.09M-9.36M
Investing Cash Flow000000
Financing Cash Flow22.97M20.19M6.76M3.56M-11.88M35.67M

PILA PHARMA AB Technical Analysis

Technical Analysis SentimentNeutral
Last Price1.56

Price Trends

50DMA1.71Negative
100DMA1.51Positive
200DMA1.51Positive

Market Momentum

MACD-0.05Positive
RSI46.48Neutral
STOCH76.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:PILA, the sentiment is Neutral. The current price of 1.56 is below the 20-day moving average (MA) of 1.60, below the 50-day MA of 1.71, and above the 200-day MA of 1.51, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 46.48 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:PILA.

PILA PHARMA AB Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

SE:PILA against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
SE:PILASE:PILA45NeutralSEK 71.26M-3.84-108.78%―-71.19%-23.18%
SE:MODTXSE:MODTX41NeutralSEK 31.19M-1.02-177.45%――0.22%
SE:ONCOZSE:ONCOZ40UnderperformSEK 85.84M-1.62-2775.09%―115.26%-230.43%
SE:ACESE:ACE39UnderperformSEK 77.45M-1.20-62.21%――58.15%

* Healthcare Sector Average

Performance Comparison

-50%0%50%SE:PILASE:ONCOZSE:ACESE:MODTXDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SE:PILA and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SE:PILAPILA PHARMA AB1.56-0.65-29.41%
SE:ONCOZOncoZenge AB3.11-1.14-26.75%
SE:ACEAscelia Pharma AB0.58-2.63-81.93%
SE:MODTXModus Therapeutics Holding AB0.18-0.22-54.68%
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 24, 2026