USWE Sports AB (USWE) AI Stock Analysis

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USWE Sports AB

(Nasdaq OMX AB:USWE)

Select Model

Rating:49Neutral

Price Target:SEK 6.00▼(-0.83% Downside)

Action:reiterated

Date:11/01/26

The stock faces significant pressure from severe profitability challenges, lack of dividend support, and a bearish technical trend, though conservative debt levels and positive free cash flow generation provide a measure of underlying stability.

Positive Factors

Multi-year Revenue GrowthRevenue expansion from 2022 through 2026 demonstrates that USWE has increased its commercial scale and maintained demand traction across its sports equipment categories. Continued, if modest, TTM growth provides a foundation for improving operating leverage as the business develops.

Negative Factors

Persistent UnprofitabilityUSWE remains loss-making in the latest periods, so revenue growth is not yet translating into positive earnings. Persistent losses can constrain reinvestment, weaken returns to shareholders, and make the business more dependent on future operating improvements to build durable financial value.

USWE Sports AB (USWE) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 42.82M
Dividend Yield: ―
Average Volume (3M): 2,504
Price to Earnings (P/E): -13.8
Beta (1Y): 0.93
Revenue Growth: -9.26%
EPS Growth: 72.39%
Country: Sweden
Employees: 21
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Leisure

USWE Sports AB Business Overview & Revenue Model

Company Description

Uswe Sports AB (publ) engages in the develops and produces outdoor equipment for the sports and outdoor market in North America, rest of Europe, Sweden, and internationally. The company offers hydration packs, daypacks, vests, protector packs, waist...

How the Company Makes Money

USWE makes money primarily by selling branded physical products—especially hydration packs, backpacks, and related carrying systems—through wholesale and direct-to-consumer channels. Revenue is generated when USWE sells inventory to retailers/distrib...

USWE Sports AB Financial Statement Overview

Summary

Presents a mixed financial profile with positive cash flow generation and conservative leverage, offset heavily by persistent net losses and significant gross margin deterioration.

Income Statement

35Negative

Balance Sheet

72Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2022
Income Statement
Total Revenue	140.37M	135.12M	124.13M	113.91M	82.83M	94.56M
Gross Profit	57.20M	-39.00K	70.93M	66.54M	44.43M	54.75M
EBITDA	6.63M	7.18M	-5.65M	1.32M	7.44M	-15.14M
Net Income	-11.33M	-2.42M	-14.37M	-7.88M	4.50M	-16.68M
Balance Sheet
Total Assets	91.00M	108.11M	110.28M	124.76M	87.96M	125.46M
Cash, Cash Equivalents and Short-Term Investments	4.63M	2.63M	3.87M	3.23M	11.48M	9.11M
Total Debt	9.05M	1.42M	9.06M	17.41M	0	19.73M
Total Liabilities	26.07M	40.73M	40.88M	67.46M	18.63M	60.17M
Stockholders Equity	64.93M	67.38M	69.41M	57.30M	69.33M	65.29M
Cash Flow
Free Cash Flow	9.50M	17.49M	-1.39M	-9.15M	-34.30M	-11.27M
Operating Cash Flow	12.39M	19.13M	2.32M	-3.79M	-17.07M	-5.16M
Investing Cash Flow	-4.88M	-10.44M	-10.13M	-5.36M	-17.23M	-21.89M
Financing Cash Flow	-4.84M	-10.05M	8.54M	3.29M	44.29M	24.68M

USWE Sports AB Technical Analysis

Technical Analysis SentimentNegative

Last Price6.05

Price Trends

50DMA6.87Negative

100DMA8.02Negative

200DMA9.60Negative

Market Momentum

MACD-0.29Positive

RSI35.00Neutral

STOCH27.56Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:USWE, the sentiment is Negative. The current price of 6.05 is below the 20-day moving average (MA) of 6.49, below the 50-day MA of 6.87, and below the 200-day MA of 9.60, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 35.00 is Neutral, neither overbought nor oversold. The STOCH value of 27.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:USWE.

USWE Sports AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SE:USWE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:SODER	72Outperform	SEK 167.48M	15.58	12.07%	3.98%	7.93%	94.40%
SE:THULE	66Neutral	SEK 23.29B	18.63	16.03%	3.86%	1.57%	17.91%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SE:FOI.B	53Neutral	SEK 4.45B	44.78	2.35%	6.87%	1.03%	15.81%
SE:BOAT	52Neutral	SEK 520.10M	-6.28	-8.25%	―	-12.35%	29.91%
SE:USWE	49Neutral	SEK 42.82M	-13.79	-4.87%	―	-9.26%	72.39%
SE:DOM	46Neutral	SEK 7.37B	-1.80	―	2.12%	-6.37%	-817.57%

* Consumer Cyclical Sector Average

Performance Comparison

SE:USWE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:USWE	USWE Sports AB	6.05	-8.75	-59.12%
SE:THULE	Thule Group AB	214.80	-24.10	-10.09%
SE:DOM	Dometic Group AB	23.58	-17.98	-43.26%
SE:FOI.B	Fenix Outdoor International AG Series B	327.50	-151.36	-31.61%
SE:BOAT	Nimbus Group AB	12.00	1.80	17.65%
SE:SODER	Soder Sportfiske AB	20.10	0.15	0.73%

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 01, 2026

USWE Sports AB AI Stock Analysis