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Pricer AB (PRIC.B) AI Stock Analysis

SE:PRIC.B

Pricer AB

(Nasdaq OMX AB:PRIC.B)

Select Model
Rating:71Outperform
Price Target:SEK 4.50▲(2.27% Upside)
Action:upgraded
Date:10/27/26

The score is driven by improving financial performance with manageable leverage and positive recent cash generation, reinforced by constructive technical momentum (price above major moving averages). Valuation also helps due to a low P/E. The latest earnings call adds upside via strong margin performance, recurring-revenue/Plaza growth, and multi-year rollout commentary, while revenue decline, European softness/price pressure, and cash-flow variability remain the key constraints.

Positive Factors
Recurring revenue and margin improvementHigher adjusted margins and expanding Plaza revenue indicate improving earnings quality beyond hardware deployments. Recurring revenue can make results more predictable, while migration to Plaza may deepen customer relationships and support additional software and service growth.
Negative Factors
Declining top-line momentumRevenue contraction can limit operating leverage and make recent margin gains harder to sustain if deployment volume does not accelerate. A weaker top line also raises the importance of new customer wins and successful expansion in North America.

Pricer AB (PRIC.B) vs. iShares MSCI Sweden ETF (EWD)

-40%-30%-20%-10%0%10%20%SE:PRIC.B+1.50%EWD+13.33%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SEK 58.17M
Dividend Yield
―
Average Volume (3M)
156.18K
Price to Earnings (P/E)
8.9
Beta (1Y)
0.33
Revenue Growth
-7.01%
EPS Growth
238.34%
Country
Sweden
Employees
183
Sector
Industrials
Sector Strength
63
Industry
Business Equipment & Supplies

Pricer AB Business Overview & Revenue Model

Company Description

Founded in 1991 and based in Stockholm, Sweden, Pricer AB (publ) specializes in the creation of electronic shelf labels (ESLs). The company operates internationally, with a significant presence in countries like Sweden, France, Italy, the United Stat...

How the Company Makes Money

Pricer makes money primarily by selling electronic shelf labeling solutions to retailers and their rollout/integration partners. Revenue is mainly generated from (1) hardware sales, including electronic shelf labels/tags, in-store wireless communicat...

Pricer AB Earnings Call Summary

Earnings Call Date:Oct 21, 2026(Q3-2026)|% Change Since:12.82%|Next Earnings Date:Feb 04, 2027
Earnings Call SentimentPositive

The call was strongly positive overall. Management reported historically high financial performance, a 12.9% adjusted EBIT margin, robust Plaza and recurring-revenue growth, 27% sequential order-intake growth, major customer wins, and expanding opportunities in North America, IoT, and sustainability. These strengths outweighed the year-over-year net sales decline, European softness, continued price pressure, weak Q3 cash flow, and temporary depreciation effects from the German factory closure.

Positive Updates

Historically Strong Financial Performance
Management described Q3 financial performance as reaching historical levels, with continuous gross margin improvement for 3 quarters in a row and gross profit increasing for 3 quarters in a row.

Negative Updates

Net Sales Declined Year Over Year
Net sales were down compared with last year, although management said Q3 was the best quarter of the year so far. The decline was mainly because there were no large new customers with low margin in the quarter.

Company Guidance

Pricer said the first 100 of Orange’s 561 stores will be completed in Q4, that “we will continue at least this pace for the coming couple of years” in adding connected Plaza stores, and that adding “some 500 stores” was “probably a sustainable growth pattern in terms of number of stores for the coming couple of years, most likely”; every Orange store will be connected to Plaza, the German factory closure will affect depreciation for the “coming 5 months with SEK 7.7 million,” after which depreciation will “significantly go down,” and next year Pricer will “gradually add complementary connectivity to new protocols” and look at adding “a whole lot of different IoT devices.”

Pricer AB Financial Statement Overview

Summary

Financials show a clear TTM rebound in profitability (net margin ~3.9%, EBIT margin ~6.6%) and a conservatively levered balance sheet (debt ~0.29x equity). Offsets include declining TTM revenue (~-4.4%) and a history of volatile earnings and cash flow, keeping the score moderately positive rather than high.

Income Statement

62Positive

Balance Sheet

74Positive

Cash Flow

66Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.05B2.15B2.56B2.68B2.27B1.77B
Gross Profit543.10M476.60M563.20M454.63M375.01M394.72M
EBITDA230.00M131.00M268.90M73.54M86.29M156.66M
Net Income80.90M1.30M131.90M-48.26M4.80M79.13M
Balance Sheet
Total Assets2.18B2.10B2.38B2.01B2.04B1.73B
Cash, Cash Equivalents and Short-Term Investments269.70M308.10M489.20M255.56M217.48M16.55M
Total Debt342.70M351.90M597.60M259.25M268.06M148.33M
Total Liabilities1.01B1.03B1.27B1.05B1.31B933.81M
Stockholders Equity1.17B1.07B1.12B957.18M732.20M796.87M
Cash Flow
Free Cash Flow117.40M136.20M-26.20M-206.77M194.97M-241.54M
Operating Cash Flow166.80M160.00M58.00M-115.97M282.71M-174.70M
Investing Cash Flow-73.20M-64.70M-84.20M-90.81M-87.74M-66.84M
Financing Cash Flow-9.90M-262.30M245.20M251.06M3.84M-8.73M

Pricer AB Technical Analysis

Technical Analysis SentimentPositive
Last Price4.40

Price Trends

50DMA4.06Positive
100DMA3.99Positive
200DMA3.71Positive

Market Momentum

MACD0.08Negative
RSI64.66Neutral
STOCH73.45Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:PRIC.B, the sentiment is Positive. The current price of 4.40 is above the 20-day moving average (MA) of 4.05, above the 50-day MA of 4.06, and above the 200-day MA of 3.71, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 64.66 is Neutral, neither overbought nor oversold. The STOCH value of 73.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:PRIC.B.

Pricer AB Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

SE:PRIC.B against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SE:PRIC.BSE:PRIC.B71OutperformSEK 718.98M8.887.29%―-7.01%238.34%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
SE:NOTESE:NOTE56NeutralSEK 4.55B18.1614.02%―3.96%-3.46%

* Industrials Sector Average

Performance Comparison

-40%-30%-20%-10%0%SE:PRIC.BSE:NOTEDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SE:PRIC.B and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SE:PRIC.BPricer AB Class B4.40-0.06-1.35%
SE:NOTENOTE AB159.30-30.80-16.20%

Pricer AB Corporate Events

Pricer Boosts Margins and Profit Despite Lower Sales in Q3 2026

Oct 22, 2026

Pricer AB reported a solid improvement in profitability for the third quarter of 2026 despite lower net sales compared with the same period last year. Order intake rose to SEK 449.0 million while net sales fell to SEK 504.2 million, but the gross mar...

Pricer AB Forms Nomination Committee Ahead of 2027 AGM

Sep 29, 2026

Pricer AB has appointed a nomination committee ahead of its 2027 Annual General Meeting, following the mandate given at the May 2026 AGM. The committee consists of representatives from major shareholders Sterling Strategic Value Fund S.A., Sifonen AB...

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