Serstech AB

Serstech AB maintains a strong capital structure with no long-term debt and a debt-to-equity ratio of 0.0, indicating a conservative leverage profile. The company's liquidity position is reflected in a current ratio of 2.77, suggesting it has sufficient short-term assets to cover its liabilities. Free cash flow of 2,377,000 SEK supports operational flexibility and potential reinvestment.

Profitability metrics show a return on equity (ROE) of 7.07% and a return on assets (ROA) of 5.72%, which are in line with the industry's preferred metrics of ROE and ROA for evaluating performance. The company's operating income of 3,715,000 SEK and net income of 3,615,000 SEK indicate a healthy margin structure, although the gross profit margin of 78.3% suggests a need for continued cost management.

Geographically, Serstech's revenue is concentrated in a single segment, with no disclosed geographic diversification. This lack of diversification may expose the company to regional economic fluctuations. The company's revenue concentration in a single business line increases its vulnerability to market-specific risks.

Looking ahead, Serstech's revenue is expected to grow significantly, with a mean analyst estimate of 73,000,000 SEK for the upcoming fiscal year, compared to the last actual revenue of 38,595,000 SEK. However, the mean EBIT estimate of -11,000,000 SEK suggests potential profitability challenges in the near term.

Risk factors for Serstech include the absence of immediate liquidity or dilution flags, indicating a stable capital structure. The company's dilution potential is low, with no near-term pressure for additional equity issuance. The risk assessment also notes no significant regulatory or geopolitical risks in the immediate term.

Recent events and filings do not indicate any material changes in the company's operations or financial position. The company's capital expenditure of -5,161,000 SEK suggests a focus on asset optimization rather than expansion. Analysts have provided a consistent price target of 0.80 SEK, reflecting a neutral outlook.

The company operates with zero long-term debt, significantly outperforming the 0.2 median debt-to-equity ratio of its peers.

Analyst consensus suggests a 43.4% upside potential, with a mean price target of 0.8 SEK versus the current price.

Free cash flow deteriorated sharply to -30.3 million SEK in FY2026, worsening from -10.3 million SEK in FY2025.

Net losses widened significantly to -29.3 million SEK in FY2026, compared to a loss of -9.1 million SEK in FY2025.

Cash conversion ratio of 0.14 is below the cohort median of 0.95, indicating poor cash generation efficiency.

Revenue kr 6.4M, −52,2% YoY; Operating income −176,2% YoY.

• ▍Revenue kr 6.4M, −52,2% YoY
• ▍Operating income −176,2% YoY
• ▍Net income −183,8% YoY
• ▍Free cash flow −237,6% YoY
• ▍Net margin -164.6%

Revenue kr 7.8M, +128,9% YoY; Operating income +25,0% YoY.

• ▍Revenue kr 7.8M, +128,9% YoY
• ▍Operating income +25,0% YoY
• ▍Net income +24,8% YoY
• ▍Free cash flow +29,6% YoY
• ▍Net margin -82.5%

Revenue kr 4.6M, −78,7% YoY; Operating income −395,9% YoY.

• ▍Revenue kr 4.6M, −78,7% YoY
• ▍Operating income −395,9% YoY
• ▍Net income −406,7% YoY
• ▍Free cash flow −590,1% YoY
• ▍Net margin -243.0%

Revenue kr 19.9M; Operating income -kr 1.3M.

• ▍Revenue kr 19.9M
• ▍Operating income -kr 1.3M
• ▍Net margin -6.5%

Revenue kr 13.3M; Operating income -kr 3.8M.

• ▍Revenue kr 13.3M
• ▍Operating income -kr 3.8M
• ▍Net margin -27.7%

Revenue kr 3.4M; Operating income -kr 8.5M.

• ▍Revenue kr 3.4M
• ▍Operating income -kr 8.5M
• ▍Net margin -251.2%

Revenue kr 21.4M; Operating income kr 3.7M.

• ▍Revenue kr 21.4M
• ▍Operating income kr 3.7M
• ▍Net margin 16.9%

Revenue kr 38.6M, −26,1% YoY; Operating income −223,5% YoY.

• ▍Revenue kr 38.6M, −26,1% YoY
• ▍Operating income −223,5% YoY
• ▍Net income −220,6% YoY
• ▍Free cash flow −193,2% YoY
• ▍Net margin -75.8%

Revenue kr 52.3M, −16,9% YoY; Operating income −1 046,6% YoY.

• ▍Revenue kr 52.3M, −16,9% YoY
• ▍Operating income −1 046,6% YoY
• ▍Net income −1 377,1% YoY
• ▍Free cash flow −382,6% YoY
• ▍Net margin -17.5%