Advenica AB (SE:ADVE)
:ADVE
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Advenica AB
(ADVE)
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Rating:61Neutral
Price Target:
kr20.50
▲(12.64% Upside)
Action:Reiterated
Date:05/01/26
The score is anchored by mixed financial performance: a conservative balance sheet is a clear positive, but TTM slowdown and renewed cash burn weigh heavily. Technicals are strong with price well above major moving averages and positive momentum, while valuation is a notable headwind due to the high P/E and low yield.
Positive Factors
Conservative balance sheet
Sustained low leverage and solid equity provide financial flexibility for multi-year government and critical-infrastructure contracts. This reduces refinancing risk, supports steady investment in R&D and service delivery, and cushions cyclic cash swings common in project-based cybersecurity work.
Negative Factors
TTM revenue decline
A nearly 10% TTM revenue decline signals weakening demand or lost project timing in core markets. Sustained top-line contraction undermines economies of scale, pressures margins, and constrains reinvestment ability, risking the firm's capacity to expand or defend market share over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Sustained low leverage and solid equity provide financial flexibility for multi-year government and critical-infrastructure contracts. This reduces refinancing risk, supports steady investment in R&D and service delivery, and cushions cyclic cash swings common in project-based cybersecurity work.
Read all positive factors
Advenica AB (ADVE) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr862.12M
Dividend Yield0.48%
Average Volume (3M)81.76K
Price to Earnings (P/E)180.4
Beta (1Y)0.77
Revenue Growth-1.90%
EPS Growth-74.32%
CountrySE
Employees104
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.10
Shares Outstanding43,985,897
10 Day Avg. Volume58,201
30 Day Avg. Volume81,762
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)7.57
Price to Sales (P/S)4.26
P/FCF Ratio-312.71
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)0.11
Revenue Forecast (FY)kr225.26M
Advenica AB Business Overview & Revenue Model
Company Description
Advenica AB (publ) specializes in developing and delivering robust cybersecurity solutions and services on a global scale. The company's diverse product range includes sophisticated cross-domain security offerings such as the SecuriCDS Data Diode,...
How the Company Makes Money
Advenica makes money primarily by selling cybersecurity products and security solutions and by providing associated services that support deployment and lifecycle management. Key revenue streams include: (1) Product and solution sales: revenue fro...
Advenica AB Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
78
Positive
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 183.81M | 203.29M | 162.17M | 148.86M | 118.41M | 101.26M |
| Gross Profit | 114.06M | 108.92M | 90.40M | 86.35M | 98.99M | 71.91M |
| EBITDA | 10.66M | 26.57M | 15.02M | 9.94M | 8.53M | -12.23M |
| Net Income | 4.79M | 16.57M | 8.05M | -4.12M | -1.99M | -17.45M |
Balance Sheet | ||||||
| Total Assets | 181.07M | 199.78M | 225.86M | 183.94M | 178.96M | 126.86M |
| Cash, Cash Equivalents and Short-Term Investments | 81.04M | 96.53M | 118.86M | 81.69M | 92.12M | 22.14M |
| Total Debt | 16.69M | 14.29M | 20.42M | 28.09M | 11.75M | 30.32M |
| Total Liabilities | 69.09M | 85.34M | 124.25M | 90.20M | 81.17M | 87.29M |
| Stockholders Equity | 111.98M | 114.44M | 101.61M | 93.73M | 97.79M | 39.57M |
Cash Flow | ||||||
| Free Cash Flow | -6.23M | -2.77M | 50.94M | -4.58M | 22.74M | -38.59M |
| Operating Cash Flow | -1.28M | 1.72M | 52.05M | 136.00K | 25.77M | -32.42M |
| Investing Cash Flow | -9.33M | -10.52M | -8.86M | -4.27M | -3.03M | -6.17M |
| Financing Cash Flow | -12.10M | -12.28M | -6.63M | -6.29M | 45.45M | 41.16M |
Advenica AB Technical Analysis
Positive
18.20
Price Trends
20.93
Negative
18.65
Positive
17.96
Positive
Market Momentum
-0.62
Positive
45.81
Neutral
76.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ADVE, the sentiment is Positive. The current price of 18.2 is below the 20-day moving average (MA) of 20.31, below the 50-day MA of 20.93, and above the 200-day MA of 17.96, indicating a neutral trend. The MACD of -0.62 indicates Positive momentum. The RSI at 45.81 is Neutral, neither overbought nor oversold. The STOCH value of 76.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ADVE.
Advenica 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% | |
61 Neutral | kr862.12M | 180.35 | 22.29% | 0.48% | -1.90% | -74.32% | |
58 Neutral | kr451.26M | -29.56 | ― | ― | 17.00% | 21.62% | |
48 Neutral | kr1.71B | 503.05 | ― | ― | 18.24% | ― | |
42 Neutral | kr285.53M | -11.31 | ― | ― | -10.28% | -2880.54% |
* Technology Sector Average
SE:ADVE
Advenica AB
19.64
-2.52
-11.35%
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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.