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Svenska Aerogel Holding AB
(AERO)
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Rating:44Neutral
Price Target:
kr0.87
▼(-42.20% Downside)
Action:Upgraded
Date:06/03/26
The score is held down primarily by deeply negative profitability and substantial cash burn, which increase financing and dilution risk despite low leverage. Technicals offer only modest support via short-term momentum, while valuation is constrained by losses and a zero dividend yield.
Positive Factors
Proprietary aerogel technology
Quartzene® represents a specialized materials technology with industrial applications in insulation and coatings. A proprietary input product can create durable customer lock‑in, technical barriers to entry, and long lead times to qualify alternatives, supporting stable demand and strategic partnerships over months to years.
Negative Factors
Ongoing cash burn
Significant negative operating and free cash flow indicates persistent cash consumption requiring external funding or dilution. Over a 2–6 month horizon continued burn risks pressuring liquidity, limits reinvestment in commercial scaling, and increases financing dependency and shareholder dilution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary aerogel technology
Quartzene® represents a specialized materials technology with industrial applications in insulation and coatings. A proprietary input product can create durable customer lock‑in, technical barriers to entry, and long lead times to qualify alternatives, supporting stable demand and strategic partnerships over months to years.
Read all positive factors
Svenska Aerogel Holding AB (AERO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr44.25M
Dividend Yield0%
Average Volume (3M)150.25K
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue Growth28.17%
EPS Growth58.48%
CountrySE
Employees11
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-1.23
Shares Outstanding49,501,070
10 Day Avg. Volume158,203
30 Day Avg. Volume150,252
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.81
Price to Sales (P/S)6.51
P/FCF Ratio-1.17
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)-0.99
Revenue Forecast (FY)kr8.30M
Svenska Aerogel Holding AB Business Overview & Revenue Model
Company Description
Svenska Aerogel Holding AB (publ), operating through its subsidiary, specializes in the research, development, manufacturing, and global distribution of aerogel. The company's reach extends to customers throughout Europe, North America, and Asia. ...
How the Company Makes Money
Svenska Aerogel primarily makes money by selling its silica aerogel material (Quartzene®) to industrial customers, where the material is used as an input in customers’ products (e.g., insulation solutions and coating/formulation applications). Rev...
Svenska Aerogel Holding AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
63
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.47M | 4.71M | 2.59M | 3.12M | 6.35M | 1.79M |
| Gross Profit | -11.32M | -10.80M | -13.94M | -14.72M | 5.71M | 1.71M |
| EBITDA | -25.68M | -24.85M | -25.82M | -33.47M | -32.77M | -33.41M |
| Net Income | -30.93M | -31.90M | -34.24M | -44.11M | -41.64M | -42.17M |
Balance Sheet | ||||||
| Total Assets | 38.02M | 45.64M | 45.26M | 58.51M | 74.41M | 101.03M |
| Cash, Cash Equivalents and Short-Term Investments | 3.62M | 8.30M | 1.54M | 6.03M | 14.05M | 34.17M |
| Total Debt | 697.00K | 697.00K | 3.77M | 8.39M | 13.42M | 18.52M |
| Total Liabilities | 6.98M | 7.84M | 11.50M | 33.47M | 31.00M | 38.37M |
| Stockholders Equity | 31.04M | 37.80M | 33.76M | 25.04M | 43.40M | 62.66M |
Cash Flow | ||||||
| Free Cash Flow | -29.67M | -26.11M | -28.45M | -38.30M | -41.46M | -33.84M |
| Operating Cash Flow | -29.34M | -25.66M | -28.30M | -37.88M | -37.34M | -31.13M |
| Investing Cash Flow | -325.00K | -456.00K | -152.00K | -419.00K | -4.12M | -2.89M |
| Financing Cash Flow | 32.77M | 32.87M | 23.97M | 30.27M | 21.34M | 41.34M |
Svenska Aerogel Holding AB Peers Comparison
UnderperformOutperform
Sector (61)
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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.