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Saniona AB (SANION) AI Stock Analysis

SE:SANION

Saniona AB

(Nasdaq OMX AB:SANION)

Select Model
Rating:77Outperform
Price Target:SEK 12.50â–²(12.31% Upside)
Action:reiterated
Date:10/14/26

Strong financial performance from the turnaround to high-margin profitability and positive cash flows is the primary driver. Mixed technical signals with short-term support but longer-term downtrend and attractive low P/E valuation provide additional support.

Positive Factors
Strong ProfitabilityThe sharp improvement from heavy losses in 2021–2023 to strong 2025 and TTM profitability indicates meaningful earnings power today. If supported by ongoing business activity, these margins can fund development, strengthen resilience, and reduce reliance on external capital.
Negative Factors
Revenue VolatilityThe severe latest-TTM revenue decline after earlier surges makes the current earnings base difficult to forecast. Such volatility can reflect uneven licensing or milestone timing and may limit confidence that present profitability and cash generation will persist through the next several quarters.

Saniona AB (SANION) vs. iShares MSCI Sweden ETF (EWD)

-50%-25%0%25%50%75%SE:SANION-31.72%EWD+13.33%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SEK 1.54B
Dividend Yield
―
Average Volume (3M)
436.47K
Price to Earnings (P/E)
8.3
Beta (1Y)
0.39
Revenue Growth
24.98%
EPS Growth
-31.44%
Country
Sweden
Employees
44
Sector
Healthcare
Sector Strength
51
Industry
Biotechnology

Saniona AB Business Overview & Revenue Model

Company Description

Saniona AB (publ), founded in 2011 and based in Glostrup, Denmark, is a biopharmaceutical company focused on rare diseases. It specializes in discovering, developing, and commercializing treatments specifically targeting central nervous system disord...

Saniona AB Financial Statement Overview

Summary

Strong profitability with high margins over 51%, debt-free balance sheet, and robust positive cash flows of 187 million in TTM reflect solid recovery and operational efficiency.

Income Statement

85Very Positive

Balance Sheet

88Very Positive

Cash Flow

90Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue424.56M434.40M334.67M16.84M15.28M10.48M
Gross Profit263.78M286.37M329.58M11.78M10.81M5.85M
EBITDA209.32M314.46M251.90M-68.28M-198.41M-398.86M
Net Income183.53M284.67M188.71M-95.81M-245.36M-410.90M
Balance Sheet
Total Assets600.98M679.74M339.73M64.14M153.70M440.25M
Cash, Cash Equivalents and Short-Term Investments486.31M580.82M303.26M30.96M111.71M356.86M
Total Debt0010.50M71.41M81.52M99.77M
Total Liabilities52.77M44.58M107.92M86.08M100.99M158.25M
Stockholders Equity548.22M635.16M231.82M-21.94M52.71M282.00M
Cash Flow
Free Cash Flow187.39M200.30M249.07M-85.66M-282.52M-346.52M
Operating Cash Flow193.65M273.86M249.20M-85.53M-281.54M-345.04M
Investing Cash Flow-13.52M-77.62M-124.00K-129.00K6.84M43.16M
Financing Cash Flow-722.26K108.19M23.25M-7.97M-20.52M50.60M

Saniona AB Technical Analysis

Technical Analysis SentimentNeutral
Last Price11.13

Price Trends

50DMA10.47Positive
100DMA11.79Negative
200DMA14.72Negative

Market Momentum

MACD0.29Negative
RSI57.73Neutral
STOCH70.94Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SANION, the sentiment is Neutral. The current price of 11.13 is above the 20-day moving average (MA) of 10.24, above the 50-day MA of 10.47, and below the 200-day MA of 14.72, indicating a neutral trend. The MACD of 0.29 indicates Negative momentum. The RSI at 57.73 is Neutral, neither overbought nor oversold. The STOCH value of 70.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:SANION.

Saniona AB Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

SE:SANION against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SE:CAMXSE:CAMX80OutperformSEK 40.76B59.0915.54%―<0.01%-6.75%
SE:SANIONSE:SANION77OutperformSEK 1.54B8.3029.71%―24.98%-31.44%
SE:BIOA.BSE:BIOA.B65NeutralSEK 28.15B266.555.18%0.68%-46.09%-90.13%
SE:HNSASE:HNSA55NeutralSEK 4.00B-5.00――-3.57%8.84%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
SE:ALZCURSE:ALZCUR48NeutralSEK 882.54M42.8765.99%―――

* Healthcare Sector Average

Performance Comparison

0%100%200%300%400%SE:SANIONSE:HNSASE:MVIRSE:CAMXSE:ALZCURSE:BIOA.BDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SE:SANION and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SE:SANIONSaniona AB11.13-4.73-29.82%
SE:HNSAHansa Biopharma39.348.3426.90%
SE:MVIRMedivir1.551.02191.35%
SE:CAMXCamurus AB673.0046.007.34%
SE:ALZCURAlzeCure Pharma AB6.404.51238.45%
SE:BIOA.BBioArctic AB Class B317.2036.6613.07%

Saniona AB Corporate Events

Saniona Files IND for Rapid-Acting Depression Drug SAN2465

Oct 20, 2026

Saniona has filed an Investigational New Drug application with the U.S. Food and Drug Administration for SAN2465, an experimental therapy aimed at major depressive disorder, with a Phase 1 trial in healthy volunteers planned by year-end pending regul...

Saniona advances SAN2465 as oral rapid-acting antidepressant with new preclinical data

Oct 13, 2026

Saniona has reported new preclinical data showing that its investigational drug SAN2465 significantly enhances hippocampal synaptic plasticity, a mechanism closely linked to learning, memory and antidepressant action. The compound, a GABA-A &#945;5 n...

Saniona maps out busy 2026 conference schedule to showcase neurology pipeline

Oct 8, 2026

Saniona plans an active presence at key investor, life science and scientific conferences through the remainder of 2026, including events in Stockholm, Lund, Cologne, Kolding, Rome, Washington, Vilnius and Denver. By presenting its programs and strat...

Saniona Calls Extraordinary Meeting to Seek Fresh Issuance Mandate

Oct 7, 2026

Saniona AB has called an extraordinary shareholders&#8217; meeting for 2 November 2026 in Malm&#246; to address key corporate governance and financing matters. Shareholders must be registered with Euroclear Sweden AB by 23 October and submit notice o...

Saniona readies IND filing for rapid-acting oral antidepressant SAN2465

Sep 24, 2026

Saniona has completed the toxicology and chemistry, manufacturing and controls studies for its experimental antidepressant SAN2465, securing the non-clinical and manufacturing data needed to support an Investigational New Drug application. The compan...

Saniona Narrows R&D Focus as Losses Widen but Cash Position Strengthens

Aug 27, 2026

Saniona reported a sharp year-on-year decline in revenue and a significantly wider operating loss for the first half of 2026, even as its cash and cash equivalents rose to SEK 486.3 million, indicating a strengthened balance sheet despite deepening l...

Saniona Schedules Q2 Investor Call for 27 August 2026

Aug 20, 2026

Saniona AB has invited investors to join its Q2 investor call on 27 August 2026 at 11:00 CEST, where management will present quarterly results and a broader company update. The event, hosted via Redeye with a webcast replay available on the company&#...

AstronauTx Takes Global Rights to Saniona Neurology Program as ATX0926 Moves Toward Clinic

Aug 10, 2026

Saniona and U.K.-based biotechnology firm AstronauTx have advanced their 2023 collaboration to a new stage, with AstronauTx exercising its option to acquire exclusive worldwide rights to a neurological disease program based on a novel ion channel tar...

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 14, 2026