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Sedana Medical AB (SEDANA) AI Stock Analysis

SE:SEDANA

Sedana Medical AB

(Nasdaq OMX AB:SEDANA)

Select Model
Rating:51Neutral
Price Target:SEK 9.50â–²(1.82% Upside)
Action:reiterated
Date:10/24/26

The score is mainly held back by continued losses and negative cash flow despite a strong balance sheet and sharp TTM revenue growth. Technical indicators are mildly weak (negative MACD and below the 50-day average), and valuation is constrained by a negative P/E with no dividend data.

Positive Factors
Strong Revenue GrowthRevenue growth of approximately 152% indicates rapidly expanding commercial adoption and market reach. If sustained, this scale can improve operating leverage, support broader ICU penetration, and strengthen the company’s ability to build a durable recurring demand base for devices and anesthetic products.
Negative Factors
Persistent UnprofitabilitySedana has not yet converted strong revenue growth and gross margins into sustainable operating or net profitability. Continued losses can constrain internal funding, require further efficiency improvements, and delay the point at which expanding sales translate into durable shareholder returns.

Sedana Medical AB (SEDANA) vs. iShares MSCI Sweden ETF (EWD)

-30%-20%-10%0%10%20%30%40%SE:SEDANA-7.44%EWD+13.33%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SEK 926.81M
Dividend Yield
―
Average Volume (3M)
157.22K
Price to Earnings (P/E)
-26.9
Beta (1Y)
0.90
Revenue Growth
0.42%
EPS Growth
15.03%
Country
Sweden
Employees
117
Sector
Healthcare
Sector Strength
51
Industry
Medical - Devices

Sedana Medical AB Business Overview & Revenue Model

Company Description

Sedana Medical AB (publ) is a medical technology firm that engineers, promotes, and distributes healthcare devices both within Sweden and across global markets. Its product portfolio includes the Sedaconda ACD-L and Sedaconda ACD, single-use medical...

How the Company Makes Money

Sedana Medical makes money primarily by selling products used for inhaled ICU sedation. Key revenue streams include: (1) sales of its proprietary disposable administration device (Sedaconda ACD/ACD-S), which is used in the ventilator circuit to deliv...

Sedana Medical AB Financial Statement Overview

Summary

Strong TTM revenue growth (~152%) and very healthy gross margins (~71–72%) are positives, and the balance sheet is conservatively financed with extremely low leverage (TTM debt-to-equity ~0.007). However, the company remains loss-making (TTM net margin ~-17%, negative ROE) and is still consuming cash (negative operating cash flow and free cash flow), which materially limits the score.

Income Statement

44Neutral

Balance Sheet

78Positive

Cash Flow

32Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue198.44M200.23M178.75M153.87M122.86M159.15M
Gross Profit142.03M142.71M126.14M108.98M86.07M106.71M
EBITDA-5.39M-10.12M-4.03M-51.67M-48.78M-43.51M
Net Income-34.54M-59.24M-10.67M-59.61M-73.51M-57.97M
Balance Sheet
Total Assets929.69M954.46M1.02B1.01B1.08B1.17B
Cash, Cash Equivalents and Short-Term Investments39.72M90.98M193.96M381.80M607.74M836.18M
Total Debt6.27M4.70M5.92M4.31M8.74M8.87M
Total Liabilities52.29M53.68M61.17M44.06M52.43M66.12M
Stockholders Equity877.40M900.78M958.26M970.00M1.03B1.10B
Cash Flow
Free Cash Flow-60.52M-75.19M-186.77M-206.95M-253.22M-151.48M
Operating Cash Flow-13.20M-12.78M-11.77M-38.06M-115.43M-41.22M
Investing Cash Flow-56.58M-63.03M-44.67M-321.96M-137.78M-110.25M
Financing Cash Flow-4.64M-4.04M-3.57M-4.86M-1.51M605.07M

Sedana Medical AB Technical Analysis

Technical Analysis SentimentNegative
Last Price9.33

Price Trends

50DMA10.28Negative
100DMA9.80Negative
200DMA9.65Negative

Market Momentum

MACD-0.18Positive
RSI44.69Neutral
STOCH19.19Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SEDANA, the sentiment is Negative. The current price of 9.33 is below the 20-day moving average (MA) of 9.60, below the 50-day MA of 10.28, and below the 200-day MA of 9.65, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 44.69 is Neutral, neither overbought nor oversold. The STOCH value of 19.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SEDANA.

Sedana Medical AB Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

SE:SEDANA against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SE:GETI.BSE:GETI.B67NeutralSEK 75.64B26.739.13%1.71%-3.90%37.73%
SE:XVIVOSE:XVIVO64NeutralSEK 6.46B50.125.89%―17.83%330.94%
SE:SEZISE:SEZI57NeutralSEK 532.17M-5.46-35.44%―18.56%28.11%
SE:BACTI.BSE:BACTI.B53NeutralSEK 560.70M88.891.93%―-0.51%―
SE:BRAINSE:BRAIN53NeutralSEK 410.67M-8.95-22.23%―6.49%25.03%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
SE:SEDANASE:SEDANA51NeutralSEK 926.81M-26.86-3.88%―0.42%15.03%

* Healthcare Sector Average

Performance Comparison

-50%0%50%SE:SEDANASE:GETI.BSE:SEZISE:XVIVOSE:BACTI.BSE:BRAINDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SE:SEDANA and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SE:SEDANASedana Medical AB9.33-0.83-8.17%
SE:GETI.BGetinge AB (UK)277.7060.8328.05%
SE:SEZISenzime AB3.38-2.45-41.94%
SE:XVIVOXvivo Perfusion AB205.0022.5012.33%
SE:BACTI.BBactiguard Holding AB16.00-1.00-5.88%
SE:BRAINBrainCool AB1.040.4576.27%

Sedana Medical AB Corporate Events

Sedana Medical Returns to Sales Growth but Continues to Invest Heavily in Expansion

Oct 22, 2026

Sedana Medical reported third-quarter 2026 net sales of SEK 44.2 million, up 7 percent year-on-year, with gross margin slipping to 70 percent as contract manufacturing accounted for a larger share of revenue and prior-year margins benefited from a on...

Sedana Medical Sets Date for Q3 2026 Interim Report and Investor Presentation

Oct 15, 2026

Sedana Medical AB will publish its interim report for the third quarter of 2026 on October 22 at around 07:00 CET and follow up with an English‑language presentation at 13:30 CET the same day. Chief executive Johannes Doll, together with the co...

Sedana Medical Sets 2027 AGM Nomination Committee Representing Major Shareholders

Oct 14, 2026

Sedana Medical AB has appointed its Nomination Committee for the 2027 Annual General Meeting, in line with its governance principles that give the three largest shareholders, together with the Chairman of the Board, responsibility for preparing key A...

Sedana Medical Secures FDA PDUFA Date for Inhaled ICU Sedation Therapy

Aug 31, 2026

Sedana Medical AB has received a U.S. Food and Drug Administration Prescription Drug User Fee Act target action date of April 16, 2027 for its New Drug Application covering isoflurane delivered via the Sedana Medical ACD Delivery System for sedation...

Sedana Medical Wins FDA Review of Inhaled Sedation Drug for ICU Use

Aug 19, 2026

Sedana Medical AB said the U.S. Food and Drug Administration has accepted for review its New Drug Application for isoflurane delivered via the Sedana Medical ACD Delivery System to sedate mechanically ventilated adult ICU patients. The filing, suppor...

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 24, 2026