QleanAir AB (QAIR) AI Stock Analysis

• Market Cap: kr259.29M
• Dividend Yield: 3.44%
• Average Volume (3M): 22.06K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.47
• Revenue Growth: -10.78%
• EPS Growth: -116.22%
• Country: SE
• Employees: 118
• Sector: Industrials
• Sector Strength: 89
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): 0.18
• Shares Outstanding: 14,859,200
• 10 Day Avg. Volume: 34,414
• 30 Day Avg. Volume: 22,059
• PEG Ratio: 1.33
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.33
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

QleanAir AB faces significant financial challenges, with declining profitability and cash flow issues weighing heavily on its stock score. While technical indicators show some positive short-term momentum, the high valuation due to negative earnings is a concern. The dividend yield provides some support, but the overall outlook is cautious, reflecting the company's struggles to maintain financial stability.

QleanAir AB Business Overview & Revenue Model

Company Description

QleanAir AB (publ) provides air cleaning solutions for professional environments worldwide. The company offers freestanding smoking cabins for protection against secondhand smoke; cleanrooms for aseptic spaces; and smoking solutions for shopping malls, casinos, and offshore facilities, such as oil platforms, offshore, cruise ships and shipping, and security facilities and institutions. It serves production, logistics centers and warehouses, food and beverage, healthcare, transportation, and airport industries; and MedTech companies and compounding pharmacies, as well as offices, conference centers, hotels, restaurants, and school facilities. The company was formerly known as QleanAir Holding AB (publ) and changed its name to QleanAir AB (publ) in July 2021. QleanAir AB (publ) was founded in 1988 and is headquartered in Solna, Sweden.

How the Company Makes Money

QleanAir AB generates revenue primarily through the sale and leasing of its air cleaning solutions. The company's revenue model includes direct sales of air purification units and ongoing leasing contracts that provide a steady stream of recurring income. Additionally, QleanAir offers maintenance and service agreements, which contribute to its revenue by ensuring the optimal performance and longevity of its systems. The company also benefits from its strategic partnerships with distributors and customers across various industries, which help expand its market reach and drive sales. QleanAir's focus on innovation and addressing environmental and regulatory requirements in air quality management further supports its revenue streams.

QleanAir AB Financial Statement Overview

Summary

QleanAir AB is experiencing significant financial challenges, particularly in profitability and cash flow generation. The income statement shows declining margins and a negative net income. The balance sheet remains stable but with reduced returns on equity. Cash flows have decreased notably, impacting financial flexibility. These factors suggest the company may face difficulties in sustaining growth and stability in the near term.

Income Statement

The income statement shows a decline in revenue from 503.5M to 450.4M, a negative revenue growth rate of -10.54%. The gross profit margin decreased from 68.33% to 65.09%. Net profit margin turned negative at -0.32%, compared to 8.61% the previous year, indicating a significant deterioration in profitability. EBIT and EBITDA margins also declined sharply from 12.72% to 2.66% and 20.34% to 10.77% respectively. Overall, the company is facing challenges in maintaining profitability.

Balance Sheet

The balance sheet reveals a debt-to-equity ratio of 1.07, indicating moderate leverage. The return on equity (ROE) decreased significantly from 20.14% to -0.71%, reflecting poor returns on shareholder equity. However, the equity ratio is stable at 31.96%, suggesting a consistent proportion of equity financing. The balance sheet shows a stable financial structure but with decreased returns and profitability.

Cash Flow

Operating cash flow decreased from 62.6M to 39.7M, and free cash flow dropped from 38.9M to 15.9M, resulting in a negative free cash flow growth rate of -59.12%. The operating cash flow to net income ratio was negative due to a net loss, indicating cash flow generation is under pressure. Free cash flow to net income ratio cannot be reliably assessed due to negative net income. Overall, cash flows are under strain, with reduced ability to generate free cash.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
450.38M	503.52M	455.17M	450.58M	492.97M
	Gross Profit
293.22M	344.04M	311.02M	318.04M	336.40M
	EBIT
11.98M	64.07M	28.58M	83.40M	95.04M
	EBITDA
48.51M	102.43M	45.98M	109.64M	121.79M
	Net Income Common Stockholders
-1.43M	43.37M	13.29M	59.26M	67.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
52.04M	56.88M	66.96M	69.66M	52.60M
	Total Assets
631.13M	662.05M	647.72M	610.81M	585.16M
	Total Debt
216.19M	246.54M	261.07M	235.00M	267.60M
	Net Debt
164.15M	189.66M	194.11M	165.34M	215.00M
	Total Liabilities
429.41M	446.75M	463.75M	416.72M	428.25M
	Stockholders Equity
201.72M	215.29M	183.98M	194.09M	156.91M
Cash Flow		Free Cash Flow
15.92M	38.86M	1.44M	75.86M	45.77M
	Operating Cash Flow
39.74M	62.65M	29.73M	104.15M	72.13M
	Investing Cash Flow
-23.83M	-23.79M	-28.29M	-28.30M	-26.36M
	Financing Cash Flow
-21.25M	-46.24M	-6.56M	-59.20M	-47.19M

QleanAir AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:QAIR, the sentiment is Positive. The current price of 16.6 is above the 20-day moving average (MA) of 14.43, above the 50-day MA of 14.44, and below the 200-day MA of 19.24, indicating a neutral trend. The MACD of 0.58 indicates Negative momentum. The RSI at 72.98 is Negative, neither overbought nor oversold. The STOCH value of 92.93 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:QAIR.

QleanAir AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$4.43B	12.01	5.15%	249.50%	3.98%	-11.60%
QAIR	55 Neutral	kr259.29M	―	-3.06%	3.44%	-10.78%	-116.22%
SAXG	46 Neutral	kr71.56M	―	-36.51%	―	-12.51%	69.88%
MANTEX	41 Neutral	€24.08M	―	-88.41%	―	-61.01%	-10.89%
CIRCHE	41 Neutral	kr94.82M	―		―	―	―
SALT.B	39 Underperform	kr820.65M	―	-54.63%	―	-40.71%	17.94%