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SaltX Technology Holding AB Class B
(SALT.B)
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Rating:44Neutral
Price Target:
kr5.00
▼(-11.97% Downside)
Action:Reiterated
Date:08/24/26
The score is primarily weighed down by poor financial performance—sharp revenue decline, deeply negative margins, and sustained cash burn—despite very low leverage. Technicals also remain weak with price below key moving averages and negative MACD, while valuation inputs are constrained by the negative P/E and lack of a dividend yield.
Positive Factors
Decarbonization technology platform
SaltX addresses difficult industrial emissions through electric calcination and thermochemical heat storage. These technologies are aligned with the stated electrification and decarbonization needs of lime, cement, and other process industries, creating a potentially durable commercial opportunity.
Negative Factors
Declining revenue
The sharp TTM revenue decline indicates that customer activity and commercialization progress have not yet produced a stable growth trajectory. Continued contraction would reduce operating leverage, constrain investment capacity, and make it harder to absorb the company’s fixed development costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Decarbonization technology platform
SaltX addresses difficult industrial emissions through electric calcination and thermochemical heat storage. These technologies are aligned with the stated electrification and decarbonization needs of lime, cement, and other process industries, creating a potentially durable commercial opportunity.
Read all positive factors
SaltX Technology Holding AB Class B (SALT.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.23B
Dividend YieldN/A
Average Volume (3M)225.97K
Price to Earnings (P/E)―
Beta (1Y)0.21
Revenue Growth-8.88%
EPS Growth-10.62%
CountrySE
Employees20
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.39
Shares Outstanding230,699,830
10 Day Avg. Volume199,712
30 Day Avg. Volume225,969
Financial Highlights & Ratios
PEG Ratio-2.00
Price to Book (P/B)3.52
Price to Sales (P/S)18.20
P/FCF Ratio-16.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SaltX Technology Holding AB Class B Business Overview & Revenue Model
Company Description
SaltX Technology Holding AB (publ) is a Swedish company that specializes in developing and commercializing patented energy storage solutions. Established in 2001, the firm is based in Hagersten, Sweden, and primarily serves clients across the ener...
How the Company Makes Money
SaltX primarily aims to make money by commercializing its proprietary industrial decarbonization technologies through customer projects and related technology delivery. Key revenue streams include: (1) Project-based and engineering revenues: incom...
SaltX Technology Holding AB Class B Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.40M | 43.99M | 39.90M | 25.97M | 256.00K | 164.00K |
| Gross Profit | -91.42M | -69.52M | 15.39M | 87.66M | 607.00K | 18.32M |
| EBITDA | -60.85M | -41.59M | -26.66M | -31.82M | -46.91M | -30.21M |
| Net Income | -82.76M | -63.21M | -56.51M | -48.85M | -60.86M | -38.94M |
Balance Sheet | ||||||
| Total Assets | 209.32M | 263.19M | 169.32M | 200.79M | 167.24M | 151.25M |
| Cash, Cash Equivalents and Short-Term Investments | 103.48M | 33.82M | 21.93M | 26.22M | 74.34M | 51.16M |
| Total Debt | 153.00K | 1.05M | 23.32M | 29.32M | 32.10M | 28.78M |
| Total Liabilities | 24.58M | 35.73M | 49.42M | 61.78M | 41.62M | 38.87M |
| Stockholders Equity | 184.74M | 227.45M | 119.90M | 139.00M | 125.62M | 112.38M |
Cash Flow | ||||||
| Free Cash Flow | -71.54M | -48.81M | -67.71M | -112.24M | -49.19M | -51.10M |
| Operating Cash Flow | -66.80M | -45.66M | -58.64M | -36.89M | -47.72M | -36.09M |
| Investing Cash Flow | -5.16M | -3.14M | -9.07M | -75.35M | -1.48M | -15.01M |
| Financing Cash Flow | 157.61M | 60.70M | 63.42M | 64.12M | 72.37M | 56.61M |
SaltX Technology Holding AB Class B Technical Analysis
Negative
5.68
Price Trends
5.81
Negative
6.03
Negative
5.09
Negative
Market Momentum
-0.18
Positive
29.63
Positive
5.88
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SALT.B, the sentiment is Negative. The current price of 5.68 is below the 20-day moving average (MA) of 5.77, below the 50-day MA of 5.81, and above the 200-day MA of 5.09, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 29.63 is Positive, neither overbought nor oversold. The STOCH value of 5.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SALT.B.
SaltX Technology Holding AB Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | kr959.43B | 38.24 | 23.93% | 1.63% | -1.80% | -5.25% | |
79 Outperform | kr231.05B | 28.42 | 18.42% | 1.60% | 3.87% | 2.11% | |
73 Outperform | kr18.51B | 23.52 | 13.24% | 1.61% | 3.31% | 20.40% | |
65 Neutral | kr4.62B | 18.85 | ― | 3.04% | -5.51% | -14.52% | |
64 Neutral | kr29.47B | 57.51 | 10.02% | 1.00% | -4.33% | 38.59% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
44 Neutral | kr1.23B | -12.99 | -43.17% | ― | -8.88% | -10.62% |
* Industrials Sector Average
SE:SALT.B
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-39.92%
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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.