Arctic Blue Beverages AB (ARCTIC) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 871.38K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.53
• Revenue Growth: -1.47%
• EPS Growth: -15.75%
• Country: SE
• Employees: 6
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Wineries & Distilleries
• EPS (TTM): -0.06
• Shares Outstanding: 78,594,270
• 10 Day Avg. Volume: 1,018,015
• 30 Day Avg. Volume: 871,385
• PEG Ratio: 0.01
• Price to Book (P/B): -0.17
• Price to Sales (P/S): 0.49
• P/FCF Ratio: -0.15
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: kr0.16 ▼(-17.89% Downside)

Arctic Blue Beverages AB's overall stock score is primarily impacted by its poor financial performance and weak valuation metrics. The technical analysis provides some neutral signals, but the lack of profitability and financial instability are the most significant factors weighing down the stock's attractiveness.

Positive Factors

Niche brand positioning

A distinct Nordic/Arctic product identity creates durable brand differentiation in premium spirits. Such positioning can enable pricing power, customer loyalty, and easier entry into specialty retail and export niches, supporting steady demand over multiple quarters.

Established distribution mix

A multi-channel sales model (wholesale, on-trade, retail listings, and export via importers) spreads commercial risk and provides multiple durable revenue pathways. This diversification supports resilience to single-channel disruptions and helps scale distribution over time.

Improving cash alignment metric

Free cash flow tracking roughly with reported losses indicates better cash conversion discipline than headline losses suggest. Over several quarters this alignment can help management stabilize liquidity and prioritize investments or restructuring with clearer cash impact visibility.

Negative Factors

Weak balance sheet

Negative equity and high leverage represent structural solvency risk that limits strategic flexibility. Over months, this constrains access to capital, raises refinancing risk, and can force asset sales or dilutive financing, undermining long-term operational stability.

Sustained unprofitable operations

Persistently negative gross and operating margins point to structural cost or pricing issues. Without sustained margin recovery, the business cannot generate operating profits to fund growth or service liabilities, making medium-term viability dependent on material operational changes.

Negative operating cash flows

Ongoing negative operating cash flow signals the company burns cash to sustain operations, pressuring liquidity and forcing external funding. Over a multi-month horizon, this elevates default or restructuring risk and limits ability to invest in marketing, distribution, or product development.

Arctic Blue Beverages AB Business Overview & Revenue Model

Company Description

Arctic Blue Beverages AB (publ) produces and sells handcrafted beverages in Finland, Sweden, Canada, Japan, Australia, and internationally. The company offers arctic blue gin, navy strength, rose, cask vintage, laku, oat, long drinks, and tonic original products, as well as cocktails under the ARCTIC BLUE brand name. It sells its products through distributors. Arctic The company was founded in 2017 and is based in Stockholm, Sweden.

How the Company Makes Money

Arctic Blue Beverages AB generates revenue primarily through the sale of its beverage products across various distribution channels, including retail, e-commerce, and food service. Key revenue streams include direct sales to supermarkets and convenience stores, as well as partnerships with restaurants and cafes that feature ARCTIC's products on their menus. The company also benefits from strategic alliances with distributors to expand its market reach. Additionally, ARCTIC may explore opportunities in private labeling and co-branding with other companies to further enhance its revenue potential. Seasonal promotions and marketing campaigns aimed at increasing brand visibility and consumer engagement also contribute to its overall earnings.

Arctic Blue Beverages AB Financial Statement Overview

Summary

Arctic Blue Beverages AB is facing significant financial challenges, including declining revenue, negative profit margins, and a weak balance sheet with negative equity. Cash flow issues further exacerbate the company's financial instability, indicating a need for strategic restructuring.

Income Statement

Arctic Blue Beverages AB has faced declining revenue over the past years, with a slight uptick in the TTM period. The company struggles with negative profit margins, indicating ongoing profitability challenges. The gross profit margin is negative, and both EBIT and EBITDA margins are significantly negative, highlighting operational inefficiencies.

Balance Sheet

The balance sheet reveals a concerning financial structure, with negative stockholders' equity and a high debt-to-equity ratio in the TTM period. The return on equity is negative, reflecting the company's inability to generate profit from shareholders' investments. The equity ratio is also negative, indicating financial instability.

Cash Flow

Cash flow analysis shows consistent negative operating and free cash flows, with a slight improvement in free cash flow growth in the TTM period. The operating cash flow to net income ratio is negative, indicating cash flow issues relative to net income. The free cash flow to net income ratio is slightly above 1, suggesting some alignment between cash flow and reported losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.82M	5.13M	6.42M	9.44M	8.75M	6.13M
Gross Profit	-1.25M	1.34M	1.41M	518.00K	4.03M	1.63M
EBITDA	-13.93M	-13.21M	-15.78M	-35.79M	-14.37M	-6.24M
Net Income	-17.70M	-16.70M	-18.36M	-37.95M	-15.37M	-7.61M
Balance Sheet
Total Assets	17.11M	14.77M	12.86M	24.64M	20.78M	23.58M
Cash, Cash Equivalents and Short-Term Investments	5.76M	764.00K	367.00K	1.63M	1.02M	3.52M
Total Debt	14.42M	21.39M	446.00K	0.00	0.00	0.00
Total Liabilities	22.94M	29.26M	10.59M	4.97M	2.87M	9.05M
Stockholders Equity	-5.83M	-14.50M	2.27M	19.66M	17.91M	14.50M
Cash Flow
Free Cash Flow	-13.13M	-16.36M	-9.94M	-31.86M	-19.86M	0.00
Operating Cash Flow	-12.57M	-14.58M	-9.94M	-31.86M	-19.86M	0.00
Investing Cash Flow	-644.93K	-620.00K	2.36M	0.00	-859.00K	0.00
Financing Cash Flow	18.36M	15.59M	6.29M	32.28M	18.24M	0.00

Arctic Blue Beverages AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ARCTIC, the sentiment is Negative. The current price of 0.19 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.17, and below the 200-day MA of 0.58, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.76 is Neutral, neither overbought nor oversold. The STOCH value of 58.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ARCTIC.

Arctic Blue Beverages AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VIVA	71 Outperform	kr3.05B	17.66	―	4.40%	19.47%	46.15%
SNX	67 Neutral	kr680.08M	31.60	―	0.51%	22.02%	127.51%
NNH	64 Neutral	kr102.22M	12.84	―	―	5.91%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ARCTIC	41 Neutral	―	-0.30	―	―	-1.47%	-15.75%