Seafire AB (publ)
Seafire AB (publ) operates as an investment holding company, primarily generating revenue through capital appreciation and dividend income from its portfolio of investments.
Business. Seafire AB (publ) is an investment holding company headquartered in Sweden. The company is primarily listed on the Nasdaq Stockholm exchange under the ticker symbol SEAF.ST. Specific details regarding its operating segments and geographic mix are not available.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Seafire AB (publ) is an investment holding company headquartered in Sweden. The company is primarily listed on the Nasdaq Stockholm exchange under the ticker symbol SEAF.ST. Specific details regarding its operating segments and geographic mix are not available.
Seafire's capital structure shows a debt-to-equity ratio of 0.39, indicating a relatively conservative leverage position compared to the industry median of 0.55. The company's liquidity position is mixed, with a current ratio of 1.23, which is below the industry median of 1.50. Free cash flow of 6,000,000 SEK contrasts with negative operating cash flow of -1,000,000 SEK, suggesting operational inefficiencies despite some cash generation from investing activities.
Profitability metrics are weak, with a return on equity of -0.7% and return on assets of -0.37%, both significantly below the industry median of 4.2% and 2.8%, respectively. The company reported a net loss of 5,000,000 SEK and an operating loss of 1,000,000 SEK, highlighting challenges in generating consistent earnings.
Geographically, Seafire's revenue is concentrated in its domestic market, with no disclosed international segments. The company's investment portfolio is its primary revenue driver, though the lack of segmental breakdown limits visibility into diversification efforts.
Growth prospects are muted, with revenue declining from 929,000,000 SEK to 219,000,000 SEK in the latest period. Analysts project a modest revenue increase to 1,022,000,000 SEK, but this remains speculative given the company's recent performance.
Risk factors include liquidity concerns, as net cash is negative after subtracting total debt. The company's low dilution risk is offset by weak profitability and operational cash flow. No significant dilution events were identified in the latest filings, though the risk assessment notes potential pressure from capital requirements.
Recent events include a significant drop in revenue and earnings, with the last actual EPS of -0.08 SEK versus a mean estimate of 0.42 SEK. The company's EBIT is also below analyst expectations, indicating broader operational challenges.
- Seafire's debt-to-equity ratio of 0.39 is below the industry median, suggesting a conservative capital structure.
- The company's return on equity of -0.7% and return on assets of -0.37% indicate poor profitability relative to peers.
- Free cash flow of 6,000,000 SEK contrasts with negative operating cash flow, highlighting operational inefficiencies.
- Revenue concentration in the domestic market and lack of international diversification increase exposure to local economic conditions.
- Analysts project a modest revenue increase, but recent performance suggests uncertainty in meeting these expectations.
- Liquidity risk is medium, with a current ratio of 1.23 below the industry median.
Bull / Bear case
Generated · model-assistedFree cash flow surged 139.6% year-over-year to SEK 38 million, signaling a strong recovery in cash generation capabilities.
Net income improved by 97.0% year-over-year, narrowing the loss significantly to just SEK 4 million in the latest period.
Revenue demonstrated a robust 21.9% compound annual growth rate over the last four years, indicating consistent top-line expansion.
Cash conversion ratio of 0.20 exceeds the cohort median of 0.11, suggesting superior efficiency in converting earnings to cash.
The company faces medium liquidity risk, which could constrain its ability to meet short-term obligations during periods of financial stress.
Debt-to-equity ratio of 0.39 is in the bottom quartile of the cohort, implying higher leverage compared to most peers in the sector.
In focus — financials by report
Revenue kr 929.0M, +2,6% YoY; Operating income +104,8% YoY.
- ▍Revenue kr 929.0M, +2,6% YoY
- ▍Operating income +104,8% YoY
- ▍Net income +97,0% YoY
- ▍Free cash flow +139,6% YoY
- ▍Net margin -0.4%
Revenue kr 905.0M, −9,5% YoY; Operating income −907,7% YoY.
- ▍Revenue kr 905.0M, −9,5% YoY
- ▍Operating income −907,7% YoY
- ▍Net income −83,6% YoY
- ▍Free cash flow −1 820,0% YoY
- ▍Net margin -14.8%
Revenue kr 1.00B, +17,5% YoY; Operating income −84,0% YoY.
- ▍Revenue kr 1.00B, +17,5% YoY
- ▍Operating income −84,0% YoY
- ▍Net income −621,4% YoY
- ▍Free cash flow −114,1% YoY
- ▍Net margin -7.3%
Revenue kr 851.0M, +102,0% YoY; Operating income +383,1% YoY.
- ▍Revenue kr 851.0M, +102,0% YoY
- ▍Operating income +383,1% YoY
- ▍Net income +204,3% YoY
- ▍Free cash flow +507,9% YoY
- ▍Net margin 1.6%
Revenue kr 421.3M; Operating income kr 16.8M.
- ▍Revenue kr 421.3M
- ▍Operating income kr 16.8M
- ▍Net margin -3.2%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,42 |
| Revenue | —no estimate | —no estimate | 1,0B SEK |
| Operating income | —no estimate | —no estimate | 57,0M SEK |
Options
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Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Seafire AB (publ) Market data — financials · 2026-05-29
- Seafire AB (publ) Market data — analyst estimates · 2026-05-29