Serstech AB (SERT) AI Stock Analysis

0 Followers

Serstech AB

(Nasdaq OMX AB:SERT)

Select Model

Rating:38Underperform

Price Target:SEK 0.44▼(-5.96% Downside)

Action:downgraded

Date:11/05/26

The overall stock score reflects critical financial and market risks. The most significant drags on the score are the company's severe cash burn, heavy net losses, and sudden reliance on debt to stay afloat. These fundamental weaknesses are compounded by a deeply negative P/E ratio and strong bearish technical trends across all major moving averages.

Positive Factors

Specialized portable spectroscopy offeringSerstech operates in a specialized field-use market where portable Raman systems support rapid substance identification for law enforcement, security, defense, industrial, and pharmaceutical users. This focused capability can support durable customer relevance when fast on-site verification is important.

Negative Factors

Deeply negative profitabilityThe deeply negative net margin and continued EBIT and EBITDA losses show that current revenue is not translating into sustainable earnings. This weak profitability can limit internal funding, make results vulnerable to execution setbacks, and require substantial improvement in the cost structure before growth becomes financially attractive.

Serstech AB (SERT) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 122.07M
Dividend Yield: ―
Average Volume (3M): 220.47K
Price to Earnings (P/E): -5.4
Beta (1Y): 0.39
Revenue Growth: -9.79%
EPS Growth: 2.30%
Country: Sweden
Employees: 26
Sector: Basic Materials
Sector Strength: 61
Industry: Chemicals

Serstech AB Business Overview & Revenue Model

Company Description

Founded in 2006 and headquartered in Lund, Sweden, Serstech AB is a global provider of advanced chemical identification instruments. The company's offerings include the compact, lightweight, handheld Serstech 100 Indicator, a Raman spectrometer capab...

Serstech AB Financial Statement Overview

Summary

Despite a solid revenue recovery to 55 million, the company faces severe financial turbulence. Massive net losses of 22.7 million, extreme negative free cash flow of 31 million, and rapidly eroding stockholder equity indicate substantial liquidity risk.

Income Statement

25Negative

Balance Sheet

40Negative

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	55.08M	38.59M	52.26M	62.76M	25.89M	18.65M
Gross Profit	32.22M	-20.80M	38.33M	48.44M	21.71M	15.53M
EBITDA	-12.86M	-20.59M	-8.78M	12.98M	-22.21M	-3.26M
Net Income	-22.74M	-29.27M	-9.13M	715.00K	-29.57M	-10.25M
Balance Sheet
Total Assets	71.91M	57.49M	94.72M	59.71M	52.55M	66.56M
Cash, Cash Equivalents and Short-Term Investments	5.41M	9.76M	9.29M	18.47M	1.87M	19.57M
Total Debt	20.00M	0	0	1.80M	4.74M	1.70M
Total Liabilities	36.08M	9.71M	18.16M	11.74M	25.93M	10.45M
Stockholders Equity	35.83M	47.79M	76.56M	47.97M	26.62M	56.11M
Cash Flow
Free Cash Flow	-31.05M	-37.41M	-8.49M	-1.37M	-20.75M	-13.19M
Operating Cash Flow	-23.51M	-28.02M	562.00K	7.63M	-13.16M	-628.00K
Investing Cash Flow	-9.80M	-9.40M	-7.95M	-9.00M	-7.59M	-12.55M
Financing Cash Flow	20.29M	37.88M	-1.80M	17.98M	3.04M	21.36M

Serstech AB Technical Analysis

Technical Analysis SentimentNegative

Last Price0.47

Price Trends

50DMA0.51Negative

100DMA0.51Negative

200DMA0.48Negative

Market Momentum

MACD-0.01Positive

RSI40.76Neutral

STOCH33.96Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SERT, the sentiment is Negative. The current price of 0.47 is below the 20-day moving average (MA) of 0.50, below the 50-day MA of 0.51, and below the 200-day MA of 0.48, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.76 is Neutral, neither overbought nor oversold. The STOCH value of 33.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SERT.

Serstech AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SE:SERT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:ARPL	65Neutral	SEK 748.99M	10.78	10.16%	4.35%	-8.16%	-26.09%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SE:ORGC	46Neutral	SEK 75.30M	-1.70	-156.22%	―	-27.65%	3.02%
SE:POLYG	41Neutral	SEK 94.24M	-22.30	-1.52%	―	-18.26%	35.77%
SE:NEXAM	40Underperform	SEK 269.56M	-12.35	-9.37%	―	-4.57%	-15.20%
SE:SERT	38Underperform	SEK 122.07M	-5.40	-56.54%	―	-9.79%	2.30%
SE:AXIC.A	38Underperform	SEK 127.11M	-6.56	-27.51%	―	36.35%	38.34%

* Basic Materials Sector Average

Performance Comparison

SE:SERT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:SERT	Serstech AB	0.47	-0.21	-31.29%
SE:NEXAM	Nexam Chemical Holding AB	2.52	-0.49	-16.28%
SE:POLYG	Polygiene AB	2.66	-5.64	-67.95%
SE:AXIC.A	aXichem AB Class A	1.64	-0.94	-36.41%
SE:ORGC	OrganoClick AB	0.44	-1.27	-74.27%
SE:ARPL	Arla Plast AB	36.75	-11.39	-23.66%

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 05, 2026

Serstech AB AI Stock Analysis