Advenica AB (SE:ADVE)
:ADVE
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Advenica AB
(ADVE)
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Rating:64Neutral
Price Target:
kr28.00
▲(53.85% Upside)
Action:ReiteratedDate:04/30/26
The score is primarily driven by improved financial performance (rapid growth, return to profitability, and healthier leverage) but is held back by cash flow volatility and negative free cash flow in 2025. Technicals are supportive but look overextended, while valuation is a notable headwind due to the high P/E and low dividend yield.
Positive Factors
Balance-sheet Strength
Material deleveraging and expanding equity improve financial resilience and optionality. Lower leverage reduces refinancing and covenant risk, allowing the firm to bid on public-sector contracts and invest in R&D or hiring without immediate pressure from fixed interest burdens.
Negative Factors
Cash-flow Volatility
Large swings in operating and free cash flow undermine earnings quality and raise funding risk. In a project-driven, public-sector-oriented business, volatile cash can constrain working-capital financing, delay reinvestment, and force reliance on external funding or tighter credit terms.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet Strength
Material deleveraging and expanding equity improve financial resilience and optionality. Lower leverage reduces refinancing and covenant risk, allowing the firm to bid on public-sector contracts and invest in R&D or hiring without immediate pressure from fixed interest burdens.
Read all positive factors
Advenica AB (ADVE) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.17B
Dividend Yield0.48%
Average Volume (3M)81.76K
Price to Earnings (P/E)52.3
Beta (1Y)0.85
Revenue Growth25.36%
EPS Growth105.85%
CountrySE
Employees104
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.06
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 (ADVE) is a Swedish cybersecurity company specializing in high-security communication solutions. The company operates primarily in the cybersecurity sector, providing products and services designed to protect sensitive information and ...
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
72
Positive
Balance Sheet
80
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 203.29M | 162.17M | 148.86M | 118.41M | 101.26M |
| Gross Profit | 108.92M | 90.40M | 86.35M | 98.99M | 71.91M |
| EBITDA | 26.57M | 15.02M | 9.94M | 8.53M | -12.23M |
| Net Income | 16.57M | 8.05M | -4.12M | -1.99M | -17.45M |
Balance Sheet | |||||
| Total Assets | 199.78M | 225.86M | 183.94M | 178.96M | 126.86M |
| Cash, Cash Equivalents and Short-Term Investments | 96.53M | 118.86M | 81.69M | 92.12M | 22.14M |
| Total Debt | 14.29M | 20.42M | 28.09M | 11.75M | 30.32M |
| Total Liabilities | 85.34M | 124.25M | 90.20M | 81.17M | 87.29M |
| Stockholders Equity | 114.44M | 101.61M | 93.73M | 97.79M | 39.57M |
Cash Flow | |||||
| Free Cash Flow | -2.77M | 50.94M | -4.58M | 22.74M | -38.59M |
| Operating Cash Flow | 1.72M | 52.05M | 136.00K | 25.77M | -32.42M |
| Investing Cash Flow | -10.52M | -8.86M | -4.27M | -3.03M | -6.17M |
| Financing Cash Flow | -12.28M | -6.63M | -6.29M | 45.45M | 41.16M |
Advenica AB Technical Analysis
Positive
18.20
Price Trends
15.96
Positive
16.71
Positive
18.47
Positive
Market Momentum
1.02
Negative
78.87
Negative
71.95
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 above the 20-day moving average (MA) of 15.50, above the 50-day MA of 15.96, and below the 200-day MA of 18.47, indicating a bullish trend. The MACD of 1.02 indicates Negative momentum. The RSI at 78.87 is Negative, neither overbought nor oversold. The STOCH value of 71.95 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | kr1.17B | 52.29 | 22.29% | 0.48% | 25.36% | 105.85% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | kr1.78B | 174.76 | ― | ― | 14.38% | ― | |
50 Neutral | kr456.98M | -26.07 | ― | ― | 16.36% | 39.29% | |
43 Neutral | kr226.21M | -28.87 | ― | ― | 2.71% | -316.10% |
* Technology Sector Average
SE:ADVE
Advenica AB
26.50
2.71
11.37%
SE:CLAV
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4.80
0.55
12.99%
SE:4C
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5.91
-7.79
-56.86%
SE:FREJA
Freja eID Group AB
16.00
6.50
68.42%
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.