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Acconeer AB
(ACCON)
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Rating:45Neutral
Price Target:
kr16.00
▲(34.45% Upside)
Action:Reiterated
Date:07/05/26
The score is held down primarily by continued heavy losses and ongoing cash burn despite improving revenue and strong gross margins. A debt-free balance sheet materially reduces financial risk and provides runway, but near-term technicals are weak (price below key moving averages and negative MACD), and valuation signals are constrained by negative earnings and no dividend data.
Positive Factors
High gross margins
Sustained ~54% gross margin indicates strong per-unit economics for Acconeer's radar sensors. This margin cushion supports investment in R&D and commercialization and provides operating leverage as volumes scale, helping improve profitability once fixed costs are absorbed.
Negative Factors
Persistent unprofitability
Deep negative EBIT and net margins show the company is not yet covering operating costs at current scale. Sustained losses erode capital and constrain reinvestment; meaningful margin improvement requires substantial volume growth or structural cost reduction to be durable.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Sustained ~54% gross margin indicates strong per-unit economics for Acconeer's radar sensors. This margin cushion supports investment in R&D and commercialization and provides operating leverage as volumes scale, helping improve profitability once fixed costs are absorbed.
Read all positive factors
Acconeer AB (ACCON) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.37B
Dividend YieldN/A
Average Volume (3M)309.09K
Price to Earnings (P/E)―
Beta (1Y)0.35
Revenue Growth16.63%
EPS Growth27.43%
CountrySE
Employees48
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.30
Shares Outstanding76,141,530
10 Day Avg. Volume343,756
30 Day Avg. Volume309,094
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)3.62
Price to Sales (P/S)16.03
P/FCF Ratio-15.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.79
Revenue Forecast (FY)kr120.30M
Acconeer AB Business Overview & Revenue Model
Company Description
Acconeer AB (publ) develops radar sensing solutions worldwide. The company provides A121 radar sensor that detects distance, speed, motion, and objects up to 20 meters away; A111 radar sensor for detecting distance, speed, motion, and objects up t...
How the Company Makes Money
Acconeer primarily makes money by commercializing its radar sensing technology through: (1) Sales of radar sensor chips: revenue from shipping its radar sensor ICs to customers and partners who integrate the chips into end devices (e.g., occupancy...
Acconeer AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.55M | 57.87M | 51.32M | 35.52M | 46.83M | 31.16M |
| Gross Profit | 33.64M | 30.39M | 32.87M | 25.57M | 30.87M | 25.33M |
| EBITDA | -20.39M | -20.30M | -23.77M | -43.10M | -45.38M | -39.70M |
| Net Income | -22.00M | -20.15M | -31.48M | -46.50M | -47.10M | -51.17M |
Balance Sheet | ||||||
| Total Assets | 298.63M | 274.54M | 251.18M | 199.22M | 190.68M | 223.22M |
| Cash, Cash Equivalents and Short-Term Investments | 67.18M | 43.37M | 53.76M | 38.65M | 89.88M | 156.86M |
| Total Debt | 0.00 | 0.00 | 0.00 | 27.45M | 0.00 | 0.00 |
| Total Liabilities | 21.04M | 18.06M | 23.46M | 66.93M | 19.16M | 23.53M |
| Stockholders Equity | 277.58M | 256.47M | 227.72M | 132.29M | 171.51M | 199.70M |
Cash Flow | ||||||
| Free Cash Flow | -23.84M | -59.28M | -32.09M | -85.99M | -85.94M | -55.66M |
| Operating Cash Flow | -18.50M | -20.33M | -32.09M | -49.35M | -62.53M | -42.59M |
| Investing Cash Flow | -35.38M | -38.96M | -52.27M | -36.64M | -23.41M | -13.06M |
| Financing Cash Flow | 54.56M | 48.90M | 99.47M | 34.76M | 18.97M | 130.34M |
Acconeer AB Technical Analysis
Positive
11.90
Price Trends
18.13
Negative
14.62
Positive
12.13
Positive
Market Momentum
-0.29
Negative
52.38
Neutral
77.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ACCON, the sentiment is Positive. The current price of 11.9 is below the 20-day moving average (MA) of 17.33, below the 50-day MA of 18.13, and below the 200-day MA of 12.13, indicating a neutral trend. The MACD of -0.29 indicates Negative momentum. The RSI at 52.38 is Neutral, neither overbought nor oversold. The STOCH value of 77.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ACCON.
Acconeer AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | kr493.50M | 29.73 | ― | ― | 10.31% | ― | |
53 Neutral | kr68.75M | -14.52 | ― | ― | 23.75% | 35.18% | |
48 Neutral | kr55.45M | -1.13 | -37.93% | ― | -71.35% | 95.51% | |
45 Neutral | kr1.37B | -57.20 | -9.00% | ― | 16.63% | 27.43% | |
40 Underperform | kr8.08M | -0.29 | -153.88% | ― | 6.32% | 35.36% |
* Technology Sector Average
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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.