Eolus AB (publ)

Eolus AB (publ) has a liquidity position that is currently medium, with a cash and equivalents balance of 725,000,000 SEK and a debt-to-equity ratio of 0.55. The company's free cash flow is negative at -31,000,000 SEK, indicating that capital expenditures and operating cash flows are not sufficient to cover investment needs. The current ratio of 3.76 suggests that the company has a strong ability to meet its short-term obligations.

Profitability metrics for Eolus are weak, with a return on equity of -2.09% and a return on assets of -1.08%. These figures are below the industry median for construction and engineering firms, indicating that the company is underperforming in terms of generating returns for shareholders and asset utilization.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases the company's exposure to regional economic downturns and regulatory changes. The company's operating income is negative at -29,000,000 SEK, and its net income is also negative at -32,000,000 SEK, indicating that the company is not currently profitable.

Looking ahead, Eolus is expected to see a significant decline in revenue, with analyst estimates projecting a drop from 3,911,000,000 SEK to 1,536,500,000 SEK. This represents a 60.7% decrease in revenue, which is a major concern for investors. The company's capital expenditures are minimal at -1,000,000 SEK, suggesting that it is not investing heavily in new projects or infrastructure.

The risk assessment for Eolus indicates a medium liquidity risk and a low dilution risk. However, the company's net cash position is negative after subtracting total debt, which could pose a challenge in the event of a liquidity crunch. The company has not issued any new shares recently, and there is no indication of dilution pressure in the near term.

Recent events and filings show that Eolus has not disclosed any major strategic initiatives or new projects. The company's earnings per share (EPS) have been negative at -13.92 SEK, and analyst estimates for the next fiscal year are not optimistic, with a mean EPS estimate of 8.88 SEK. The company's financial performance and outlook suggest that it is facing significant challenges in the near term.

Revenue surged 359.6% year-over-year to SEK 3.9 billion in fiscal 2026, demonstrating significant top-line growth momentum.

The company generated a positive four-year revenue CAGR of 10.6%, indicating consistent long-term expansion despite recent volatility.

Long-term debt decreased significantly to SEK 554 million in fiscal 2026, reducing leverage compared to the previous year's peak.

Dilution risk is assessed as low, suggesting shareholders are protected from significant equity value erosion through new issuances.

Credit risk remains low, implying the company maintains a manageable debt profile and reliable access to financing markets.

Liquidity risk is rated as medium, highlighting potential challenges in meeting short-term financial obligations amidst cash flow deficits.

Revenue kr 1.37B, +88,6% YoY; Operating income −171,6% YoY.

• ▍Revenue kr 1.37B, +88,6% YoY
• ▍Operating income −171,6% YoY
• ▍Net income −195,9% YoY
• ▍Free cash flow −209,8% YoY
• ▍Net margin -22.0%

Revenue kr 200.0M, +733,3% YoY; Operating income +7,5% YoY.

• ▍Revenue kr 200.0M, +733,3% YoY
• ▍Operating income +7,5% YoY
• ▍Net income −23,1% YoY
• ▍Free cash flow −24,0% YoY
• ▍Net margin -48.0%

Revenue kr 364.0M, +574,1% YoY; Operating income −184,6% YoY.

• ▍Revenue kr 364.0M, +574,1% YoY
• ▍Operating income −184,6% YoY
• ▍Net income +26,0% YoY
• ▍Free cash flow −12,5% YoY
• ▍Net margin -10.2%

Revenue kr 1.98B, +4 388,6% YoY; Operating income +665,5% YoY.

• ▍Revenue kr 1.98B, +4 388,6% YoY
• ▍Operating income +665,5% YoY
• ▍Net income +378,1% YoY
• ▍Free cash flow +396,8% YoY
• ▍Net margin 4.5%

Revenue kr 728.0M; Operating income kr 437.0M.

• ▍Revenue kr 728.0M
• ▍Operating income kr 437.0M
• ▍Net margin 43.3%

Revenue kr 24.0M; Operating income -kr 94.0M.

• ▍Revenue kr 24.0M
• ▍Operating income -kr 94.0M
• ▍Net margin -325.0%

Revenue kr 54.0M; Operating income -kr 26.0M.

• ▍Revenue kr 54.0M
• ▍Operating income -kr 26.0M
• ▍Net margin -92.6%

Revenue kr 44.0M; Operating income -kr 29.0M.

• ▍Revenue kr 44.0M
• ▍Operating income -kr 29.0M
• ▍Net margin -72.7%

Revenue kr 3.91B, +359,6% YoY; Operating income −207,6% YoY.

• ▍Revenue kr 3.91B, +359,6% YoY
• ▍Operating income −207,6% YoY
• ▍Net income −325,3% YoY
• ▍Free cash flow −452,2% YoY
• ▍Net margin -8.9%

Revenue kr 851.0M, −63,0% YoY; Operating income −62,3% YoY.

• ▍Revenue kr 851.0M, −63,0% YoY
• ▍Operating income −62,3% YoY
• ▍Net income −73,1% YoY
• ▍Free cash flow −78,7% YoY
• ▍Net margin 18.1%

Revenue kr 2.30B, −2,3% YoY; Operating income +855,0% YoY.

• ▍Revenue kr 2.30B, −2,3% YoY
• ▍Operating income +855,0% YoY
• ▍Net income +11 540,0% YoY
• ▍Free cash flow +813,6% YoY
• ▍Net margin 24.9%

Revenue kr 2.36B, −9,9% YoY; Operating income +420,0% YoY.

• ▍Revenue kr 2.36B, −9,9% YoY
• ▍Operating income +420,0% YoY
• ▍Net income +73,7% YoY
• ▍Free cash flow +180,8% YoY
• ▍Net margin -0.2%