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Tempest Security AB
(TSEC)
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Rating:57Neutral
Price Target:
kr12.00
▲(18.81% Upside)
Action:Reiterated
Date:10/09/26
The score is driven primarily by improving financial performance—especially strong TTM cash flow and a return to profitability—tempered by thin margins and a leveraged balance sheet with a volatile recent history. Technicals are supportive due to a clear uptrend, but elevated RSI suggests overbought risk. Valuation is a notable headwind given the high P/E and lack of dividend yield support.
Positive Factors
Strong Revenue Growth
The sharp TTM revenue increase indicates stronger business activity and expanding sales, providing a foundation for future operating leverage. If this growth persists, it can improve the company’s ability to absorb fixed costs, invest in operations, and build a more durable earnings base.
Negative Factors
Thin Profit Margins
Near-break-even gross and operating profitability leaves limited protection if costs rise or revenue growth moderates. Thin margins also restrict the amount of each sales increase that becomes operating profit, making future earnings more sensitive to execution and cost discipline.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The sharp TTM revenue increase indicates stronger business activity and expanding sales, providing a foundation for future operating leverage. If this growth persists, it can improve the company’s ability to absorb fixed costs, invest in operations, and build a more durable earnings base.
Read all positive factors
Tempest Security AB (TSEC) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr124.75M
Dividend YieldN/A
Average Volume (3M)15.31K
Price to Earnings (P/E)46.4
Beta (1Y)0.21
Revenue Growth16.19%
EPS GrowthN/A
CountrySE
Employees659
SectorGeneral
Sector StrengthN/A
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)0.26
Shares Outstanding10,483,549
10 Day Avg. Volume22,484
30 Day Avg. Volume15,312
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)6.88
Price to Sales (P/S)0.22
P/FCF Ratio-55.19
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)1.07
Revenue Forecast (FY)kr653.95M
Tempest Security AB Business Overview & Revenue Model
Company Description
Tempest Security AB (publ) provides a full spectrum of global security and protection services. Their offerings include personalized security, such as close protection for executives, secure travel logistics, and residential guarding. The company ...
How the Company Makes Money
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Tempest Security AB Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
45
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 600.74M | 578.23M | 485.63M | 438.08M | 424.33M | 339.66M |
| Gross Profit | 1.85M | -20.79M | 46.03M | 401.33M | 368.44M | 300.64M |
| EBITDA | 13.05M | 10.47M | 403.00K | 21.05M | 22.87M | -3.01M |
| Net Income | 2.69M | -11.71M | -51.39M | 3.69M | 9.87M | -12.58M |
Balance Sheet | ||||||
| Total Assets | 208.20M | 237.10M | 208.71M | 241.90M | 235.23M | 196.55M |
| Cash, Cash Equivalents and Short-Term Investments | 11.11M | 18.13M | 15.19M | 21.16M | 21.19M | 26.60M |
| Total Debt | 36.04M | 54.77M | 36.95M | 39.13M | 45.25M | 35.55M |
| Total Liabilities | 187.85M | 218.43M | 177.24M | 159.79M | 157.01M | 145.12M |
| Stockholders Equity | 20.34M | 18.67M | 31.46M | 80.00M | 77.28M | 52.91M |
Cash Flow | ||||||
| Free Cash Flow | 31.23M | -2.33M | 8.97M | 16.26M | 5.67M | 1.65M |
| Operating Cash Flow | 31.86M | -2.02M | 9.41M | 19.09M | 6.77M | 3.78M |
| Investing Cash Flow | -889.00K | 149.00K | -3.01M | -1.44M | -21.86M | -31.06M |
| Financing Cash Flow | -31.67M | 5.01M | -12.74M | -17.50M | 9.35M | 24.80M |
Tempest Security AB Technical Analysis
Positive
10.10
Price Trends
10.31
Positive
10.86
Positive
10.71
Positive
Market Momentum
0.35
Negative
76.31
Negative
68.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TSEC, the sentiment is Positive. The current price of 10.1 is below the 20-day moving average (MA) of 10.30, below the 50-day MA of 10.31, and below the 200-day MA of 10.71, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 76.31 is Negative, neither overbought nor oversold. The STOCH value of 68.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:TSEC.
Tempest Security AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr387.33B | 23.62 | 15.46% | 1.84% | -0.97% | 12.81% | |
67 Neutral | kr37.49B | 20.91 | 14.93% | 2.59% | -1.94% | 8.99% | |
63 Neutral | kr500.42M | 12.44 | 6.72% | ― | 4.44% | ― | |
61 Neutral | kr90.18B | 16.14 | 13.98% | 3.34% | -5.74% | 0.13% | |
57 Neutral | kr124.75M | 46.41 | ― | ― | 16.19% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €8.38B | -69.74 | ― | 1.25% | 9.90% | -38.94% |
* General Sector Average
SE:TSEC
Tempest Security AB
11.90
0.95
8.68%
SE:ASSA.B
Assa Abloy
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579.00
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SE:VSURE
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8.09
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-50.04%
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.