Acast.St

Acast maintains a conservative capital structure with a debt-to-equity ratio of 0.12 and a current ratio of 1.75, indicating adequate short-term liquidity despite a medium liquidity risk rating. The company holds total equity of 1.18 billion SEK against total liabilities of 943 million SEK, with long-term debt limited to 143 million SEK. However, the firm reports negative net cash after subtracting total debt, and free cash flow stands at -91.2 million SEK, driven by capital expenditures of 67.8 million SEK exceeding operating cash flow of 62.2 million SEK.

Profitability remains negative, with a return on equity of -9.52% and return on assets of -5.29%, reflecting an operating loss of 18.0 million SEK and a net loss of 112.4 million SEK on revenue of 2.52 billion SEK. The gross profit of 989.4 million SEK suggests a gross margin of approximately 39.3%, but operating leverage is insufficient to cover fixed costs and investment expenses. The negative EV/EBITDA of -387.32 underscores the current lack of earnings before interest, taxes, depreciation, and amortization.

Revenue concentration and segment details are not explicitly provided in the available data, limiting the ability to assess specific business unit performance or geographic exposure. The company operates within the Interactive Media & Services industry, which typically involves high customer acquisition costs and variable advertising cycles, though specific segment breakdowns are absent from the current snapshot.

Growth trajectory analysis is constrained by the absence of historical period data in the input, preventing a year-over-year or quarter-over-quarter revenue trend assessment. The current revenue base of 2.52 billion SEK serves as the sole reference point for scale, with no prior period comparisons available to determine momentum or deceleration.

Risk factors include medium liquidity risk and low dilution risk, with a key flag noting negative net cash after debt subtraction. The company’s negative free cash flow and operating losses pose ongoing challenges to self-funding growth, while the low dilution risk suggests limited immediate pressure from equity issuance. The absence of significant long-term debt mitigates interest rate risk, but the reliance on operating cash flow to service obligations remains a concern.

Recent events include analyst coverage with a mean price target of 32.67 SEK, below the current market price of 37.50 SEK, and a mean recommendation of 2.00, indicating a buy rating. The high price target of 35.00 SEK and low of 30.00 SEK suggest limited upside consensus, while the reconciler enqueue events indicate administrative processing rather than fundamental business developments.