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Scandinavian Enviro Systems AB
(SES)
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Rating:48Neutral
Price Target:
kr0.12
▼(-85.18% Downside)
Action:Reiterated
Date:10/30/26
The score is held down primarily by weak financial performance (sharp TTM revenue decline, heavy losses, and negative operating/free cash flow). Technicals provide a modest offset due to improving short-term momentum (price above 20/50DMA and positive MACD), but the longer-term trend remains bearish (below 100/200DMA). Valuation is constrained by negative earnings (negative P/E) and no dividend yield support.
Positive Factors
Proprietary recycling technology
A proprietary pyrolysis process gives SES a defined technology platform in tire recycling and can support differentiated participation in circular-economy markets. If commercialized effectively, the platform could create repeatable applications across recovered carbon black, oil, and steel.
Negative Factors
Sharp revenue contraction
The sharp TTM revenue decline indicates that SES has not yet established a stable growth trajectory or consistent commercial scale. Persistently lower revenue can reduce operating leverage, weaken customer and investor confidence, and make it harder to fund expansion from internally generated resources.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary recycling technology
A proprietary pyrolysis process gives SES a defined technology platform in tire recycling and can support differentiated participation in circular-economy markets. If commercialized effectively, the platform could create repeatable applications across recovered carbon black, oil, and steel.
Read all positive factors
Scandinavian Enviro Systems AB (SES) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr154.31M
Dividend YieldN/A
Average Volume (3M)8.40M
Price to Earnings (P/E)―
Beta (1Y)-2.04
Revenue Growth-85.56%
EPS Growth-528.21%
CountrySE
Employees42
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)-0.39
Shares Outstanding1,330,234,100
10 Day Avg. Volume8,846,598
30 Day Avg. Volume8,398,682
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)3.45
Price to Sales (P/S)24.68
P/FCF Ratio-4.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.04
Revenue Forecast (FY)kr55.00M
Scandinavian Enviro Systems AB Business Overview & Revenue Model
Company Description
Scandinavian Enviro Systems AB (publ) specializes in sustainable resource management, focusing on the development, construction, ownership, and operation of facilities designed to reclaim valuable materials from end-of-life tires on a global scale...
Scandinavian Enviro Systems AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.82M | 31.53M | 170.75M | 13.94M | 7.98M | 7.59M |
| Gross Profit | -111.67M | -95.31M | 161.05M | -27.50M | 5.91M | 6.68M |
| EBITDA | -96.48M | -84.25M | 71.39M | -79.48M | -69.34M | -43.42M |
| Net Income | -429.69M | -366.62M | 53.62M | -92.32M | -83.39M | -57.33M |
Balance Sheet | ||||||
| Total Assets | 152.66M | 281.04M | 444.88M | 381.40M | 170.85M | 243.04M |
| Cash, Cash Equivalents and Short-Term Investments | 13.04M | 73.49M | 75.31M | 214.90M | 29.98M | 123.25M |
| Total Debt | 0.00 | 3.58M | 4.39M | 5.21M | 6.02M | 776.00K |
| Total Liabilities | 34.88M | 55.26M | 57.47M | 47.60M | 27.27M | 15.87M |
| Stockholders Equity | 117.78M | 225.79M | 387.41M | 333.79M | 143.58M | 227.16M |
Cash Flow | ||||||
| Free Cash Flow | -97.51M | -191.31M | -30.35M | -96.81M | -98.66M | -55.73M |
| Operating Cash Flow | -96.88M | -71.21M | 54.24M | -57.80M | -65.74M | -41.30M |
| Investing Cash Flow | -75.60M | -134.79M | -193.01M | -39.01M | -32.78M | -14.43M |
| Financing Cash Flow | -17.79M | 204.18M | -816.00K | 281.73M | 5.25M | 139.40M |
Scandinavian Enviro Systems AB Technical Analysis
Negative
0.83
Price Trends
0.12
Negative
0.17
Negative
0.23
Negative
Market Momentum
<0.01
Negative
47.72
Neutral
41.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SES, the sentiment is Negative. The current price of 0.83 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.12, and above the 200-day MA of 0.23, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 47.72 is Neutral, neither overbought nor oversold. The STOCH value of 41.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SES.
Scandinavian Enviro Systems AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | kr880.56M | 10.00 | 4.92% | ― | 9.71% | -35.72% | |
48 Neutral | kr154.31M | -0.30 | -169.96% | ― | -85.56% | -528.21% | |
44 Neutral | kr949.33M | -10.62 | -43.17% | ― | -8.88% | -10.62% | |
43 Neutral | kr29.95M | -1.04 | -42.40% | ― | -69.60% | -937.97% | |
42 Neutral | kr115.51M | -5.39 | -116.56% | ― | -37.50% | 1.01% |
* Industrials Sector Average
SE:SES
Scandinavian Enviro Systems AB
0.12
-0.97
-89.28%
SE:GREEN
Green Landscaping Group AB
15.60
-29.40
-65.33%
SE:CIRCHE
CirChem AB
0.47
-0.83
-63.89%
SE:SALT.B
SaltX Technology Holding AB Class B
4.12
-2.36
-36.47%
SE:BIOEX
Bioextrax AB
2.34
0.03
1.52%
SE:META
Metacon AB
0.10
-0.43
-81.90%
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.