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Advenica AB
(ADVE)
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Rating:46Neutral
Price Target:
kr16.50
▼(-9.34% Downside)
Action:Reiterated
Date:07/23/26
The score is held back primarily by weakening TTM operating performance (revenue decline and losses) and volatile cash flow despite a low-leverage balance sheet. Technicals also reflect a clear downtrend (price below key moving averages with negative MACD), while valuation support is limited due to negative earnings and a modest dividend yield.
Positive Factors
Low leverage / strong balance sheet
Very low debt-to-equity (~0.12) provides durable financial flexibility. With earnings pressure, low leverage reduces default and refinancing risk, preserves ability to fund R&D, bid on contracts, or absorb timing shocks without forcing asset sales or dilutive capital raises.
Negative Factors
Recent revenue decline & negative profitability
A swing from prior profitability to TTM operating and net losses signals weakened demand or impaired operating leverage. Sustained negative results constrain reinvestment in product development and go-to-market, and reduce resilience to competitive pressure in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt-to-equity (~0.12) provides durable financial flexibility. With earnings pressure, low leverage reduces default and refinancing risk, preserves ability to fund R&D, bid on contracts, or absorb timing shocks without forcing asset sales or dilutive capital raises.
Read all positive factors
Advenica AB (ADVE) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr743.36M
Dividend Yield0.81%
Average Volume (3M)81.76K
Price to Earnings (P/E)―
Beta (1Y)0.88
Revenue Growth-14.67%
EPS Growth-152.22%
CountrySE
Employees120
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.29
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)0.06
Revenue Forecast (FY)kr210.85M
Advenica AB Business Overview & Revenue Model
Company Description
Advenica AB (publ) develops and sells security solutions for defense and authority, and business customers in Sweden, Finland, and internationally. The company offers cross domain solutions, including SecuriCDS Data Diode, which allows unidirectio...
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
46
Neutral
Balance Sheet
72
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 170.46M | 203.29M | 162.17M | 148.86M | 118.41M | 101.26M |
| Gross Profit | 91.62M | 108.92M | 90.40M | 86.35M | 98.99M | 71.91M |
| EBITDA | -3.80M | 26.57M | 15.02M | 9.94M | 8.53M | -12.23M |
| Net Income | -12.42M | 16.57M | 8.05M | -4.12M | -1.99M | -17.45M |
Balance Sheet | ||||||
| Total Assets | 192.84M | 199.78M | 225.86M | 183.94M | 178.96M | 126.86M |
| Cash, Cash Equivalents and Short-Term Investments | 79.46M | 96.53M | 118.86M | 81.69M | 92.12M | 22.14M |
| Total Debt | 11.62M | 14.29M | 20.42M | 28.09M | 11.75M | 30.32M |
| Total Liabilities | 93.49M | 85.34M | 124.25M | 90.20M | 81.17M | 87.29M |
| Stockholders Equity | 99.36M | 114.44M | 101.61M | 93.73M | 97.79M | 39.57M |
Cash Flow | ||||||
| Free Cash Flow | 924.00K | -2.77M | 50.94M | -4.58M | 22.74M | -38.59M |
| Operating Cash Flow | 5.99M | 1.72M | 52.05M | 136.00K | 25.77M | -32.42M |
| Investing Cash Flow | -8.78M | -10.52M | -8.86M | -4.27M | -3.03M | -6.17M |
| Financing Cash Flow | -14.07M | -12.28M | -6.63M | -6.29M | 45.45M | 41.16M |
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% | |
52 Neutral | kr631.20M | -44.19 | ― | ― | 20.25% | 21.76% | |
50 Neutral | kr353.20M | -154.00 | ― | ― | -8.60% | -105.48% | |
46 Neutral | kr743.36M | -59.90 | -11.28% | 0.48% | -14.67% | -152.22% | |
45 Neutral | kr1.78B | 3,062.50 | 12.70% | ― | 18.24% | ― |
* Technology Sector Average
SE:ADVE
Advenica AB
17.36
-3.35
-16.19%
SE:CLAV
Clavister Holding AB
4.90
0.49
11.11%
SE:4C
4C Group AB
7.70
-9.35
-54.85%
SE:FREJA
Freja eID Group AB
21.60
8.20
61.19%
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.