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Smart Eye AB
(SEYE)
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Rating:44Neutral
Price Target:
kr49.00
▼(-47.82% Downside)
Action:Reiterated
Date:08/28/26
The score is held down primarily by ongoing unprofitability and negative free cash flow, alongside a clear technical downtrend with weak momentum. These are partially offset by continued revenue growth and a relatively supportive balance sheet with moderate leverage, but valuation is difficult to justify cleanly due to the company’s losses (negative P/E).
Positive Factors
Revenue growth
Sustained revenue expansion indicates continued customer adoption of Smart Eye’s driver-monitoring and in-cabin sensing solutions. Growing sales provide a broader base from which the company can leverage software economics, support future production programs, and work toward profitability.
Negative Factors
Persistent unprofitability
Smart Eye has not yet converted revenue growth into sustainable operating or net profitability. Materially negative margins indicate that the current cost structure remains too large relative to sales, leaving earnings dependent on further scaling and continued improvement in expense efficiency.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth
Sustained revenue expansion indicates continued customer adoption of Smart Eye’s driver-monitoring and in-cabin sensing solutions. Growing sales provide a broader base from which the company can leverage software economics, support future production programs, and work toward profitability.
Read all positive factors
Smart Eye AB (SEYE) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.01B
Dividend YieldN/A
Average Volume (3M)620.37K
Price to Earnings (P/E)―
Beta (1Y)0.49
Revenue Growth35.21%
EPS Growth40.30%
CountrySE
Employees277
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-3.41
Shares Outstanding39,198,760
10 Day Avg. Volume203,137
30 Day Avg. Volume620,368
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)2.29
Price to Sales (P/S)7.35
P/FCF Ratio-71.70
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)4.32
Revenue Forecast (FY)kr712.00M
Smart Eye AB Business Overview & Revenue Model
Company Description
Smart Eye AB (publ), founded in 1999 and headquartered in Gothenburg, Sweden, specializes in developing advanced artificial intelligence (AI) technology. This human insight AI is designed to understand, assist, and forecast human behavior, with it...
How the Company Makes Money
Smart Eye makes money primarily by supplying driver monitoring system (DMS) and interior sensing technology to vehicle manufacturers and their tier-1 automotive suppliers for integration into production vehicles. Its revenue model typically includ...
Smart Eye AB Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
64
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 488.83M | 403.67M | 355.05M | 302.23M | 219.54M | 109.68M |
| Gross Profit | 388.32M | 182.24M | 319.00M | 267.10M | 192.50M | 97.25M |
| EBITDA | -27.41M | 2.69M | -80.31M | -161.39M | -193.80M | -71.71M |
| Net Income | -130.04M | -172.75M | -230.41M | -75.54M | -340.29M | -132.71M |
Balance Sheet | ||||||
| Total Assets | 2.05B | 1.90B | 1.92B | 1.83B | 1.68B | 1.75B |
| Cash, Cash Equivalents and Short-Term Investments | 85.88M | 134.81M | 22.40M | 79.73M | 62.66M | 278.36M |
| Total Debt | 314.25M | 308.12M | 57.59M | 5.01M | 62.75M | 78.91M |
| Total Liabilities | 687.10M | 604.67M | 324.13M | 269.00M | 378.31M | 295.44M |
| Stockholders Equity | 1.37B | 1.30B | 1.59B | 1.56B | 1.30B | 1.45B |
Cash Flow | ||||||
| Free Cash Flow | -59.83M | -41.37M | -220.78M | -129.50M | -275.55M | -158.59M |
| Operating Cash Flow | 3.92M | -39.11M | -115.92M | -121.53M | -180.12M | -102.38M |
| Investing Cash Flow | -130.47M | -117.20M | -104.86M | -95.56M | -95.44M | -313.80M |
| Financing Cash Flow | 200.45M | 268.99M | 164.28M | 234.07M | 59.14M | 476.08M |
Smart Eye AB Technical Analysis
Negative
93.90
Price Trends
70.43
Negative
78.31
Negative
72.70
Negative
Market Momentum
-5.02
Negative
28.16
Positive
4.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SEYE, the sentiment is Negative. The current price of 93.9 is above the 20-day moving average (MA) of 53.08, above the 50-day MA of 70.43, and above the 200-day MA of 72.70, indicating a bearish trend. The MACD of -5.02 indicates Negative momentum. The RSI at 28.16 is Positive, neither overbought nor oversold. The STOCH value of 4.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SEYE.
Smart Eye AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | kr30.51M | -18.29 | -351.08% | ― | -13.56% | 96.77% | |
48 Neutral | kr189.35M | -8.40 | ― | ― | -47.90% | 36.77% | |
47 Neutral | kr145.80M | -6.84 | -71.49% | ― | -21.53% | 64.53% | |
45 Neutral | kr138.08M | -1.90 | -18.04% | ― | -19.38% | -78.61% | |
44 Neutral | kr2.01B | -14.77 | ― | ― | 35.21% | 40.30% | |
44 Neutral | kr218.25M | -4.11 | -98.57% | ― | ― | 30.68% |
* General Sector Average
SE:SEYE
Smart Eye AB
50.35
-35.80
-41.56%
SE:PREC
Precise Biometrics AB
0.51
-1.96
-79.23%
SE:CFISH
Crunchfish AB
2.21
-1.39
-38.61%
SE:XMR
XMReality AB
0.03
0.01
127.27%
SE:MODEL
Modelon AB
8.00
-4.30
-34.96%
SE:BLINC.B
Terranet AB Class B
0.09
<0.01
4.44%
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.