Seafire AB (SEAF) AI Stock Analysis

Seafire AB

(Nasdaq OMX AB:SEAF)

Select Model

Rating:51Neutral

Price Target:SEK 7.50▲(1.08% Upside)

Action:reiterated

Date:10/23/26

The overall score is constrained by weak technical momentum and a high valuation multiple relative to profitability. The stock trades below all major moving averages with bearish momentum indicators. While the company's balance sheet is solid and it has returned to marginal profitability, the P/E of 29.5x is difficult to justify given a 0.2% net margin and no dividend. The financial recovery is a positive, but operational efficiency must improve significantly to support the current valuation.

Positive Factors

Niche Industrial PortfolioA portfolio of niche industrial businesses gives Seafire exposure to specialized customer needs across components, systems, and trade-oriented offerings. The acquisition-and-development model can support long-term growth by combining operating-company expertise with group-level improvement and consolidation.

Negative Factors

Thin ProfitabilityVery thin margins leave limited room for execution mistakes, cost increases, or weaker demand before profitability is pressured. They also suggest that the recent return to positive earnings has not yet demonstrated strong pricing power or sufficient operating leverage to create durable shareholder returns.

Seafire AB (SEAF) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 528.11M
Dividend Yield: ―
Average Volume (3M): 36.60K
Price to Earnings (P/E): 28.9
Beta (1Y): 0.32
Revenue Growth: 9.61%
EPS Growth: ―
Country: Sweden
Employees: 422
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Seafire AB Business Overview & Revenue Model

Company Description

Seafire AB (publ) acquires and develops companies in Sweden, the Nordic region, rest of Europe, and internationally. The company operates in two segments, Industrial Components and Products. It markets and sells personal electric vehicles, such as el...

How the Company Makes Money

Seafire makes money primarily through the operating profits generated by its subsidiaries. The group’s revenue is therefore largely the consolidated net sales from its portfolio companies, which typically earn income by selling industrial products (a...

Seafire AB Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is strong (Score 75) with low leverage, but the income statement (Score 45) shows very thin margins and the cash flow statement (Score 55) indicates modest cash generation. The overall recovery trajectory is positive but profitability remains weak.

Income Statement

45Neutral

Balance Sheet

75Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	981.00M	929.00M	905.00M	1.00B	851.00M	421.30M
Gross Profit	120.00M	6.00M	187.00M	217.00M	194.00M	78.50M
EBITDA	91.00M	63.00M	58.00M	108.00M	123.00M	37.25M
Net Income	17.00M	-4.00M	-134.00M	-73.00M	14.00M	-13.40M
Balance Sheet
Total Assets	1.34B	1.07B	1.15B	1.34B	1.75B	830.87M
Cash, Cash Equivalents and Short-Term Investments	60.00M	18.00M	57.00M	46.00M	468.00M	176.24M
Total Debt	241.00M	250.00M	271.00M	286.00M	656.00M	438.67M
Total Liabilities	586.00M	495.00M	571.00M	622.00M	963.00M	611.76M
Stockholders Equity	750.00M	580.00M	583.00M	717.00M	786.00M	219.11M
Cash Flow
Free Cash Flow	29.00M	14.00M	29.00M	69.00M	-79.20M	-24.60M
Operating Cash Flow	44.00M	22.00M	45.00M	80.00M	-60.70M	-10.10M
Investing Cash Flow	-76.00M	27.00M	-16.00M	-92.00M	-371.70M	-332.20M
Financing Cash Flow	57.00M	-88.00M	-18.00M	-410.00M	723.80M	498.40M

Seafire AB Technical Analysis

Technical Analysis SentimentNegative

Last Price7.42

Price Trends

50DMA7.75Negative

100DMA7.60Negative

200DMA7.31Positive

Market Momentum

MACD-0.10Positive

RSI41.29Neutral

STOCH28.76Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SEAF, the sentiment is Negative. The current price of 7.42 is below the 20-day moving average (MA) of 7.65, below the 50-day MA of 7.75, and above the 200-day MA of 7.31, indicating a neutral trend. The MACD of -0.10 indicates Positive momentum. The RSI at 41.29 is Neutral, neither overbought nor oversold. The STOCH value of 28.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SEAF.

Seafire AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:SEAF against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:SINT	71Outperform	SEK 743.24M	39.07	25.77%	4.27%	-19.19%	-43.88%
SE:ALFA	67Neutral	SEK 225.51B	27.54	17.58%	1.66%	4.27%	-2.41%
SE:VOLV.A	62Neutral	SEK 630.55B	16.12	21.20%	2.74%	-2.72%	9.79%
SE:NMAN	60Neutral	SEK 4.86B	21.75	―	2.88%	-6.05%	-24.08%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:SEAF	51Neutral	SEK 543.77M	28.91	―	―	9.61%	―
SE:OXE	39Underperform	SEK 172.58M	-1.59	-70.68%	―	-51.62%	6.08%

* General Sector Average

Performance Comparison

SE:SEAF and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:SEAF	Seafire AB	7.42	1.51	25.61%
SE:ALFA	Alfa Laval AB	542.20	104.31	23.82%
SE:VOLV.A	Volvo AB (GB)	309.60	61.31	24.69%
SE:OXE	Oxe Marine Ab	0.17	-0.23	-56.25%
SE:SINT	SinterCast AB	105.50	0.54	0.52%
SE:NMAN	Nederman Holding AB	139.00	-18.24	-11.60%

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 23, 2026

Seafire AB AI Stock Analysis