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Tobii AB
(TOBII)
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Rating:42Neutral
Price Target:
kr1.00
▼(-39.76% Downside)
Action:Reiterated
Date:08/30/26
The score is held down primarily by weak financial performance (declining revenue, large losses, and increased leverage) and very poor technical momentum (below major moving averages with negative MACD). The earnings call adds further pressure due to liquidity/financing risk and limited guidance, while positive cash flow trends and cost reductions provide only partial offset. Valuation offers limited support given negative earnings and no dividend yield data.
Positive Factors
Cost reduction
Cost savings exceeding the stated target demonstrate tangible progress in aligning the cost base with current demand. Further planned reductions could support operating cash flow and improve resilience, although the benefits depend on execution and do not by themselves restore sustainable profitability.
Negative Factors
Revenue contraction
The sharp reported and organic sales decline signals substantial near-term pressure across Tobii’s business rather than a simple margin issue. Persistent revenue weakness reduces operating leverage, limits reinvestment capacity, and makes the company more dependent on cost actions and future program ramp-ups.
Read all positive and negative factors
Positive Factors
Negative Factors
Cost reduction
Cost savings exceeding the stated target demonstrate tangible progress in aligning the cost base with current demand. Further planned reductions could support operating cash flow and improve resilience, although the benefits depend on execution and do not by themselves restore sustainable profitability.
Read all positive factors
Tobii AB (TOBII) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr252.40M
Dividend YieldN/A
Average Volume (3M)1.64M
Price to Earnings (P/E)―
Beta (1Y)1.39
Revenue Growth-31.53%
EPS Growth-1626.52%
CountrySE
Employees397
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)-1.31
Shares Outstanding235,013,960
10 Day Avg. Volume2,869,011
30 Day Avg. Volume1,636,264
Financial Highlights & Ratios
PEG Ratio-0.52
Price to Book (P/B)1.29
Price to Sales (P/S)0.61
P/FCF Ratio5.94
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)-0.16
Revenue Forecast (FY)kr731.00M
Tobii AB Business Overview & Revenue Model
Company Description
Headquartered in Danderyd, Sweden, Tobii AB (publ), founded in 2001, is a global innovator in eye-tracking technology and solutions. The company's reach extends across Sweden, the broader European continent, North America (including the United Sta...
Tobii AB Earnings Call Summary
Earnings Call Date:Aug 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Negative
The call presents a mixed picture: significant operational and financial progress in cost savings, maintained gross margins and strong Autosense year-over-year growth, alongside important product milestones (Lenovo integration, webcam eye-tracking, XR ML advances). However, the sharp year-on-year revenue decline, a negative quarterly free cash flow, low cash balance, and an explicit risk of insufficient financing over the next 12 months are material concerns. Additionally, portions of the reported profit were driven by non-cash contingent consideration reversals and several automotive wins are small or long-dated, limiting near-term revenue impact. On balance, the lowlights — especially the liquidity and revenue shortfalls — outweigh the highlights and represent meaningful execution and financing risks.Positive Updates
Cost savings delivered above target
Company cost reduction program contributed SEK 43 million in Q2 and delivered SEK 163 million in savings over the past 4 quarters, exceeding the SEK 100 million target; additional Autosense cost reduction program targeting SEK 50 million annual savings.
Negative Updates
Large year-on-year revenue decline
Net sales fell to SEK 154 million from SEK 284 million, a reported decline of 46% and an organic decline of 39% year-over-year. Management attributes part of the drop to a strong prior-year comparison that included large prepayment and nonrecurring items.
Read all updates
Q2-2026 Updates
Positive
Negative
Cost savings delivered above target
Company cost reduction program contributed SEK 43 million in Q2 and delivered SEK 163 million in savings over the past 4 quarters, exceeding the SEK 100 million target; additional Autosense cost reduction program targeting SEK 50 million annual savings.
Read all positive updates
Company Guidance
Guidance was limited — management declined to give H2 guidance and instead set priorities to secure financing and reach “sustainable positive operating cash flow” by 2027; key metrics cited include Q2 net sales SEK 154m (reported -46% YoY, organic -39%; adjusted for one‑offs underlying +7%), group gross margin 82% (Products & Solutions 68% vs 64% a year ago), reported EBIT SEK 15m (boosted by a non‑cash contingent consideration reversal of ~SEK 50m), segment EBITs: P&S -SEK 21m, Integrations SEK 0m, Autosense SEK 36m; cost program delivered SEK 43m in Q2 and SEK 163m over the past four quarters (vs target SEK 100m) with an additional Autosense reduction of SEK 50m p.a. planned; cash from operations SEK 22m, investments ~SEK 32m, Q2 free cash flow -SEK 10m (12‑month FCF +SEK 35m), cash balance SEK 37m and SEK 14m drawn of a SEK 25m facility — liquidity is described as strained and the company is pursuing divestments, partnerships and capital raising.Tobii AB Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
38
Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 670.00M | 834.00M | 857.00M | 758.00M | 776.00M | 616.00M |
| Gross Profit | 28.33M | 198.00M | 687.00M | 567.00M | 590.00M | 444.00M |
| EBITDA | 177.00M | 281.00M | 56.00M | -140.00M | -57.00M | -5.00M |
| Net Income | -305.00M | -217.00M | -177.00M | -199.00M | -105.00M | -184.00M |
Balance Sheet | ||||||
| Total Assets | 1.16B | 1.29B | 1.83B | 1.15B | 1.22B | 1.22B |
| Cash, Cash Equivalents and Short-Term Investments | 37.00M | 117.00M | 116.00M | 236.00M | 402.00M | 438.00M |
| Total Debt | 547.00M | 598.00M | 432.00M | 79.00M | 69.00M | 94.00M |
| Total Liabilities | 813.00M | 901.00M | 1.15B | 585.00M | 470.00M | 382.00M |
| Stockholders Equity | 347.00M | 393.00M | 676.00M | 562.00M | 752.00M | 840.00M |
Cash Flow | ||||||
| Free Cash Flow | 36.00M | 85.00M | -345.00M | -119.00M | -37.00M | -152.00M |
| Operating Cash Flow | 160.00M | 262.00M | 7.00M | 95.00M | 137.00M | -23.00M |
| Investing Cash Flow | -124.00M | -177.00M | -356.00M | -229.00M | -169.00M | -300.00M |
| Financing Cash Flow | -148.00M | -75.00M | 226.00M | -29.00M | -8.00M | 156.00M |
Tobii AB Technical Analysis
Negative
1.66
Price Trends
1.64
Negative
2.02
Negative
1.90
Negative
Market Momentum
-0.19
Positive
18.87
Positive
3.61
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TOBII, the sentiment is Negative. The current price of 1.66 is above the 20-day moving average (MA) of 1.54, above the 50-day MA of 1.64, and below the 200-day MA of 1.90, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 18.87 is Positive, neither overbought nor oversold. The STOCH value of 3.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:TOBII.
Tobii AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
48 Neutral | kr1.21B | -42.81 | -10.30% | ― | 49.81% | 11.98% | |
43 Neutral | kr199.37M | -4.11 | -98.57% | ― | ― | 30.68% | |
42 Neutral | kr252.40M | -0.82 | -72.84% | ― | -31.53% | -1626.52% | |
42 Neutral | kr428.05M | -5.48 | -77.33% | ― | -8.74% | -70.62% | |
42 Neutral | kr8.61B | -31.70 | -25.12% | ― | -6.08% | -65.93% |
* Technology Sector Average
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Tobii AB Corporate Events
Tobii Tightens Costs and Reshapes Autosense as Sales Normalize After One-Off Boosts
Aug 28, 2026
Tobii AB reported a sharp year-on-year decline in second-quarter 2026 net sales to SEK 154 million as prior-year figures were boosted by a major pre-purchase deal and one-off revenues, but underlying growth turned positive and gross margin remaine...
Tobii to Present Second-Quarter 2026 Results in August Webcast
Aug 17, 2026
Tobii AB announced that it will publish its interim report for the second quarter of 2026 on August 28 at 7:30 a.m. CEST, followed by an audio webcast presentation at 9:00 a.m. CEST led by CEO Fadi Pharaon and interim CFO Åsa Wirén. The ...
Tobii Adjusts Share and Voting Structure After Incentive-Program Conversion
Jun 30, 2026
Tobii AB has converted 18,760 class C shares into an equal number of ordinary shares to fulfill obligations under long-term incentive programs approved at its 2022 and 2023 annual general meetings. The move reflects the company’s ongoing use...
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.