Saxlund Group AB (SAXG) AI Stock Analysis

Saxlund Group AB

(Nasdaq OMX AB:SAXG)

Select Model

Rating:45Neutral

Price Target:SEK 8.50▼(-0.70% Downside)

Action:reiterated

Date:11/01/26

The score is primarily constrained by weak financial quality (fragile cash flow history, thin and volatile margins, and declining revenue) despite an improving profitability trend and currently manageable leverage. Technicals also remain bearish (below key moving averages with negative MACD), while valuation is stretched due to the high P/E and no offsetting dividend yield.

Positive Factors

Return to ProfitabilityThe return to profitability in 2025 and TTM marks a meaningful recovery from the severe losses recorded in 2022–2024. If maintained, positive earnings can improve internal funding capacity, support investment, and strengthen resilience over the next several quarters.

Negative Factors

Declining RevenueRevenue contraction indicates that Saxlund is not currently expanding its business base, which can limit operating leverage and reduce the opportunity to spread fixed costs across more projects. Continued weakness would make the profitability recovery harder to sustain.

Saxlund Group AB (SAXG) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 61.62M
Dividend Yield: ―
Average Volume (3M): 3,107
Price to Earnings (P/E): 88.4
Beta (1Y): 0.02
Revenue Growth: -18.49%
EPS Growth: ―
Country: Sweden
Employees: 66
Sector: General
Sector Strength: 55
Industry: Industrial - Pollution & Treatment Controls

Saxlund Group AB Business Overview & Revenue Model

Company Description

Saxlund Group AB (publ), an environmental technology group, develops, manufactures, and services plants and equipment for the production of environmental-friendly and resource-efficient energy. The company provides push floor dischargers, sliding fra...

How the Company Makes Money

Saxlund Group AB makes money mainly by selling engineered material-handling solutions and related services to customers operating energy and heating plants (e.g., facilities using biomass or waste-derived fuels). Revenue is typically generated throug...

Saxlund Group AB Financial Statement Overview

Summary

Results show a turnaround to profitability in 2025 and TTM, and leverage is currently manageable (low debt-to-equity). However, overall quality is held back by declining revenue, very thin margins, an unusually weak TTM gross margin versus 2025, and historically inconsistent cash generation (with fragile recent free cash flow).

Income Statement

46Neutral

Balance Sheet

68Positive

Cash Flow

34Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	199.36M	228.71M	307.32M	308.13M	250.04M	257.82M
Gross Profit	5.59M	88.58M	89.79M	71.74M	79.98M	79.90M
EBITDA	8.98M	9.23M	-617.00K	-13.24M	-8.65M	9.81M
Net Income	2.41M	1.74M	-15.07M	-26.68M	-10.21M	2.12M
Balance Sheet
Total Assets	162.93M	141.83M	160.88M	198.56M	189.79M	167.71M
Cash, Cash Equivalents and Short-Term Investments	15.93M	5.41M	12.17M	3.53M	4.47M	7.29M
Total Debt	8.21M	13.55M	7.11M	34.64M	28.81M	8.66M
Total Liabilities	107.83M	83.94M	102.92M	185.49M	151.38M	127.21M
Stockholders Equity	55.10M	57.88M	57.96M	13.08M	38.41M	40.50M
Cash Flow
Free Cash Flow	343.00K	-13.31M	-21.75M	-6.83M	-15.69M	-18.58M
Operating Cash Flow	8.00M	-13.31M	-19.80M	-5.29M	-10.82M	-14.90M
Investing Cash Flow	668.00K	879.00K	-1.95M	-1.54M	-1.46M	-3.68M
Financing Cash Flow	2.58M	6.63M	30.88M	5.83M	9.08M	12.60M

Saxlund Group AB Technical Analysis

Technical Analysis SentimentNeutral

Last Price8.56

Price Trends

50DMA9.30Negative

100DMA10.45Negative

200DMA11.50Negative

Market Momentum

MACD-0.24Negative

RSI44.29Neutral

STOCH34.39Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SAXG, the sentiment is Neutral. The current price of 8.56 is below the 20-day moving average (MA) of 8.58, below the 50-day MA of 9.30, and below the 200-day MA of 11.50, indicating a bearish trend. The MACD of -0.24 indicates Negative momentum. The RSI at 44.29 is Neutral, neither overbought nor oversold. The STOCH value of 34.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:SAXG.

Saxlund Group AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:SAXG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:PCAT	65Neutral	SEK 14.87M	4.56	―	―	-17.14%	88.76%
SE:ABSO	62Neutral	SEK 2.03B	23.10	―	1.81%	-0.75%	2.22%
SE:QAIR	59Neutral	SEK 274.90M	10.88	11.69%	―	0.33%	2248.34%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:FLEXQ	45Neutral	SEK 518.33M	15.98	―	―	210.37%	―
SE:SAXG	45Neutral	SEK 61.62M	88.43	1.26%	―	-18.49%	―

* General Sector Average

Performance Comparison

SE:SAXG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:SAXG	Saxlund Group AB	8.56	-1.74	-16.89%
SE:QAIR	QleanAir AB	18.50	-4.30	-18.86%
SE:BAWAT	Bawat Water Technologies AB	1.00	-0.20	-16.67%
SE:ABSO	Absolent Air Care Group AB	179.50	-44.87	-20.00%
SE:FLEXQ	FlexQube AB	30.10	17.75	143.72%
SE:PCAT	Photocat A/S	2.48	-2.32	-48.33%

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: Nov 01, 2026

Saxlund Group AB AI Stock Analysis