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Anoto Group AB
(ANOT)
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Rating:49Neutral
Price Target:
kr0.12
▲(138.00% Upside)
Action:Reiterated
Date:06/01/26
The score is held down primarily by weak financial fundamentals—large ongoing losses, cash burn, and negative equity with high leverage—partly offset by strong recent technical momentum. Valuation is constrained by negative earnings and the absence of a provided dividend yield.
Positive Factors
Technology platform
Anoto's core technology links analog handwriting to digital workflows, giving it a product-focused platform and IP base. That durable tech stack supports recurring software and integration opportunities with enterprise workflows, creating stickiness and differentiation over months.
Negative Factors
Negative equity & extreme leverage
Negative equity and extreme leverage materially weaken financial flexibility, increasing refinancing and covenant risk. Over 2-6 months this elevates default or dilution likelihood, constrains strategic investment, and limits ability to pursue growth or withstand shocks without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Technology platform
Anoto's core technology links analog handwriting to digital workflows, giving it a product-focused platform and IP base. That durable tech stack supports recurring software and integration opportunities with enterprise workflows, creating stickiness and differentiation over months.
Read all positive factors
Anoto Group AB (ANOT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr131.84M
Dividend YieldN/A
Average Volume (3M)861.05K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth-1.64%
EPS Growth64.43%
CountrySE
Employees35
SectorGeneral
Sector StrengthN/A
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.07
Shares Outstanding1,102,362,800
10 Day Avg. Volume497,980
30 Day Avg. Volume861,047
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)34.24
Price to Sales (P/S)2.27
P/FCF Ratio-1.37
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)N/A
Revenue Forecast (FY)N/A
Anoto Group AB Business Overview & Revenue Model
Company Description
Anoto Group AB (publ) provides digital writing and drawing solutions worldwide. It operates through three segments: Enterprise Solutions (B2B), Retail(B2C), and OEM. The company offers ACE, a cloud-based forms system that provide paper document ha...
How the Company Makes Money
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Anoto Group AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.77M | 22.37M | 30.07M | 43.01M | 69.36M | 71.73M |
| Gross Profit | 10.37M | 7.12M | 14.36M | 27.04M | 42.90M | 38.58M |
| EBITDA | -50.74M | -54.48M | -53.76M | 38.95M | -21.92M | -24.86M |
| Net Income | -78.40M | -96.23M | -55.78M | -84.24M | -30.90M | -40.22M |
Balance Sheet | ||||||
| Total Assets | 79.54M | 95.87M | 144.82M | 143.62M | 238.73M | 239.07M |
| Cash, Cash Equivalents and Short-Term Investments | 2.30M | 196.00K | 30.67M | 2.62M | 1.72M | 3.88M |
| Total Debt | 31.71M | 25.70M | 4.64M | 24.29M | 72.17M | 41.64M |
| Total Liabilities | 105.83M | 94.39M | 64.70M | 84.28M | 147.08M | 106.33M |
| Stockholders Equity | -26.30M | 1.48M | 80.13M | 59.33M | 111.00M | 144.51M |
Cash Flow | ||||||
| Free Cash Flow | -20.28M | -37.20M | -51.96M | -40.00M | -32.33M | -46.33M |
| Operating Cash Flow | -12.08M | -33.18M | -43.98M | -40.73M | -27.95M | -39.02M |
| Investing Cash Flow | -16.65M | -18.11M | -12.44M | -1.13M | -2.27M | -7.01M |
| Financing Cash Flow | 28.59M | 47.73M | 84.44M | 28.16M | 27.70M | 47.53M |
Anoto Group AB Technical Analysis
Positive
0.05
Price Trends
0.10
Positive
0.08
Positive
0.06
Positive
Market Momentum
<0.01
Positive
56.18
Neutral
59.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ANOT, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.10, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.18 is Neutral, neither overbought nor oversold. The STOCH value of 59.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ANOT.
Anoto Group AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | kr859.48M | 195.01 | 22.29% | 0.48% | -1.90% | -74.32% | |
60 Neutral | kr121.94M | 33.24 | ― | ― | 8.14% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | kr509.81M | -30.13 | ― | ― | 17.00% | 21.62% | |
53 Neutral | kr42.25M | -55.91 | ― | ― | ― | ― | |
49 Neutral | kr131.84M | -1.68 | -326.45% | ― | -1.64% | 64.43% |
* General Sector Average
SE:ANOT
Anoto Group AB
0.12
0.05
63.01%
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Anoto Group AB Corporate Events
Anoto doubles conversion price in new USD 0.6 million convertible tranche
Jun 8, 2026
Anoto Group AB has strengthened its financing framework by adding a new USD 0.6 million tranche to its existing convertible loan facility, subscribed by both current lenders and new investors. The move maintains a consolidated structure while broa...
Anoto Group Posts Modest Q1 2026 Sales Growth in Digital Pen Niche
May 29, 2026
Anoto Group AB, a Stockholm‑based technology firm listed on Nasdaq Stockholm, specializes in digital pen and dot pattern technology that links handwritten input to the digital environment. The company’s main offerings include the retai...
Anoto Reenters EdTech With inq Platform and Ends KAIT License Deal
May 21, 2026
Anoto Group AB is a Swedish technology company listed on Nasdaq Stockholm that pioneered digital pen and dot pattern technology, offering smartpens, intelligent paper, and software that connect handwritten input with digital systems. Its core busi...
Anoto Deepens 2025 Loss After Non‑Cash Impairments in Annual Report
May 15, 2026
Anoto Group AB has published its 2025 annual report and disclosed corrections that deepen its reported loss after additional non-cash impairments tied mainly to its exposure to associated company KAIT Knowledge AI Holdings. The group’s total...
Anoto Delays Publication of 2025 Annual Report to Mid-May
Apr 30, 2026
Anoto Group AB has postponed the publication of its 2025 annual report, moving the deadline from 30 April 2026 to no later than 15 May 2026. The company cited a later-than-planned start to the audit, combined with the time needed for multilingual ...
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.