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Arcoma AB (SE:ARCOMA)
:ARCOMA
Sweden Market
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Arcoma AB (ARCOMA) AI Stock Analysis

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SE:ARCOMA

Arcoma AB

(ARCOMA)

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Neutral 61 (OpenAI - Gpt-5.6Sol)
Rating:61Neutral
Price Target:
kr9.00
▲(25.00% Upside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by a strong, low-debt balance sheet and restored profitability, but held back by uneven revenue/margin trends and volatile cash flow. Technical indicators are broadly neutral and do not add strong support, while the relatively high P/E (~32) without a stated dividend yield weighs on the valuation component.
Positive Factors
Strong Balance Sheet
Minimal leverage gives Arcoma financial flexibility to absorb demand swings, fund product development and support customer installations without heavy interest burdens. Rising equity further strengthens resilience as the business manages uneven operating performance.
Negative Factors
Uneven Revenue Trend
The contrasting annual and TTM trends show that demand and order timing remain inconsistent. Such volatility makes capacity planning harder, reduces earnings visibility and may limit the company’s ability to sustain growth across healthcare procurement cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Minimal leverage gives Arcoma financial flexibility to absorb demand swings, fund product development and support customer installations without heavy interest burdens. Rising equity further strengthens resilience as the business manages uneven operating performance.
Read all positive factors

Arcoma AB (ARCOMA) vs. iShares MSCI Sweden ETF (EWD)

Arcoma AB Business Overview & Revenue Model

Company Description
Arcoma AB is a global provider that designs, manufactures, and supplies cutting-edge radiology solutions. Their product line features advanced digital x-ray and radiography systems. These versatile systems are suitable for a wide array of radiogra...
How the Company Makes Money
Arcoma makes money primarily by selling diagnostic imaging equipment—most notably digital radiography (DR) X-ray systems—to healthcare providers and other medical imaging customers. Revenue is generated through (1) product sales of complete X-ray ...

Arcoma AB Financial Statement Overview

Summary
Financials are solid but not consistent: profitability has turned positive with TTM revenue up 17.2% and ~3.0% net margin (~9.9% EBITDA margin), and the balance sheet is a major strength with near-zero debt and rising equity. Offsetting this, revenue and margins have been choppy (2025 revenue down ~16.6% and profitability below the 2024 peak), and cash flow is volatile with TTM free cash flow down ~48% year over year.
Income Statement
62
Positive
Balance Sheet
84
Very Positive
Cash Flow
58
Neutral
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue127.27M130.80M156.81M163.01M125.05M117.13M
Gross Profit4.35M6.86M62.61M57.91M50.45M41.65M
EBITDA12.24M16.02M21.96M6.11M4.68M-6.66M
Net Income4.11M5.03M11.18M2.56M1.90M-7.47M
Balance Sheet
Total Assets99.51M96.65M80.46M81.96M100.33M79.27M
Cash, Cash Equivalents and Short-Term Investments30.91M35.32M13.38M5.00M9.66M4.83M
Total Debt0.0090.00K59.00K3.87M25.09M16.61M
Total Liabilities23.66M21.92M21.13M33.30M54.46M35.23M
Stockholders Equity75.85M74.73M59.33M48.66M45.88M44.04M
Cash Flow
Free Cash Flow9.69M13.10M12.06M16.61M-4.35M-6.12M
Operating Cash Flow11.43M18.72M18.84M19.16M-179.00K-1.93M
Investing Cash Flow-4.80M-5.62M-6.78M-2.55M-4.17M-4.19M
Financing Cash Flow10.36M10.36M-3.87M-21.22M9.65M2.40M

Arcoma AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
kr3.90B30.2414.59%1.96%-1.64%-14.61%
61
Neutral
kr115.90M28.30-5.68%-25.31%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
50
Neutral
kr53.30M-0.81500.45%20.10%84.62%
44
Neutral
kr66.76M-0.21-52.01%17.48%
43
Neutral
kr261.73M-6.85-106.02%65.82%41.28%
42
Neutral
kr224.96M-1.38-291.72%51.21%42.24%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:ARCOMA
Arcoma AB
8.10
-0.22
-2.64%
SE:CEVI
CellaVision AB
163.60
-10.33
-5.94%
SE:SCIB
SciBase Holding AB
22.00
-7.17
-24.57%
SE:QLIFE
Qlife Holding AB
1.85
-2.17
-54.08%
SE:SPEC
SpectraCure AB
0.04
-0.08
-68.29%
SE:ACARIX
Acarix AB
0.23
-0.06
-19.38%
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.Date of analysis: Aug 21, 2026