Binero Group AB (BINERO) AI Stock Analysis

• Market Cap: kr291.28M
• Dividend Yield: N/A
• Average Volume (3M): 5.23K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.10
• Revenue Growth: 77.78%
• EPS Growth: -1.35%
• Country: SE
• Employees: 102
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): -0.10
• Shares Outstanding: 124,479,485
• 10 Day Avg. Volume: 8,067
• 30 Day Avg. Volume: 5,226
• PEG Ratio: >-0.01
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.00007
• P/FCF Ratio: <0.01
• 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: kr2.52
• Price Target Upside: 6.58% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 46 Neutral
• Price Target: kr2.50 ▲(5.93% Upside)

The overall stock score reflects significant challenges in financial performance, particularly in profitability and cash flow, compounded by bearish technical indicators and unattractive valuation metrics. These factors suggest caution for potential investors.

Binero Group AB Business Overview & Revenue Model

Company Description

Binero Group AB (publ) provides cloud and digital infrastructure services for companies and organizations in Sweden. The company offers private, public, and hybrid cloud solutions, as well as other infrastructure services, such as dedicated servers, colocation, backup as a service, and disaster recovery or multi-site operation. It also provides operational services, including incident management, contact area for the business outside office hours, patching, monitoring, backup and disaster recovery, security, application hosting, infrastructure as code, security, and other services. The company was formerly known as Oniva Online Group Europe AB (publ) and changed its name to Binero Group AB (publ) in June 2018. Binero Group AB (publ) is based in Bromma, Sweden.

How the Company Makes Money

Binero Group AB generates revenue primarily through its cloud services offerings, which include cloud infrastructure and platform services. The company charges clients for the use of its cloud-based solutions, which are typically billed on a subscription or usage-based model. Key revenue streams include fees for cloud storage, computing power, and managed IT services. Additionally, Binero earns money through web hosting services and domain registration fees. The company may also engage in partnerships with technology providers to enhance its service offerings and expand its market reach, contributing to its overall earnings.

Binero Group AB Financial Statement Overview

Summary

Binero Group AB has shown a commendable recovery in financial health, with strong revenue growth and improved profit margins. The balance sheet is stable with a low debt-to-equity ratio and positive ROE. However, past financial volatility and cash flow challenges indicate potential risks.

Income Statement

Binero Group AB has demonstrated a significant recovery in its financial performance. The gross profit margin for the latest year is approximately 74.23%, indicating strong cost management in generating revenue. The net profit margin improved to 3.1%, a substantial turnaround from previous losses. The revenue growth rate from 2023 to 2024 was an impressive 351.6%, reflecting a major expansion in operations. However, historical volatility in earnings, such as negative EBIT and EBITDA margins in prior years, highlights potential operational risks.

Balance Sheet

The company's balance sheet shows a debt-to-equity ratio of approximately 0.24, indicating conservative leverage use. The return on equity (ROE) is 10.93%, which is a positive indicator of profitability relative to shareholders' equity. The equity ratio is 39.5%, reflecting a stable capital structure with considerable equity financing. Although improvements are evident, the company has experienced fluctuations in equity levels and debt management in past years.

Cash Flow

Binero's cash flow performance has improved with a positive free cash flow in 2024. The operating cash flow to net income ratio is 0.60, suggesting that operating cash generation is somewhat aligned with reported profits. The free cash flow to net income ratio stands at 0.60, indicating effective cash management relative to earnings. Despite recent positive trends, historical negative free cash flows and operating cash flows highlight past challenges in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	441.28M	416.40M	327.02M	103.58M	52.45M	45.70M
Gross Profit	59.04M	309.10M	44.78M	55.02M	30.48M	-21.91M
EBITDA	18.30M	31.81M	-21.80M	-2.92M	-7.71M	-11.77M
Net Income	-13.70M	12.90M	-29.10M	-18.27M	-19.10M	-19.03M
Balance Sheet
Total Assets	403.60M	298.80M	149.26M	163.05M	198.66M	113.11M
Cash, Cash Equivalents and Short-Term Investments	38.20M	33.90M	4.52M	10.12M	28.38M	52.34M
Total Debt	90.70M	28.60M	31.73M	39.28M	55.59M	23.24M
Total Liabilities	272.30M	180.80M	59.30M	69.65M	86.99M	44.54M
Stockholders Equity	129.00M	118.00M	89.97M	93.40M	111.67M	68.57M
Cash Flow
Free Cash Flow	-7.03M	7.70M	68.50M	-3.04M	-22.47M	-18.18M
Operating Cash Flow	8.61M	7.70M	70.03M	-1.92M	-13.04M	-13.91M
Investing Cash Flow	-63.67M	-20.70M	-83.86M	-1.12M	-55.02M	-4.27M
Financing Cash Flow	57.56M	-2.50M	-1.65M	-15.22M	44.09M	-168.54M

Binero Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.36
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BINERO, the sentiment is Negative. The current price of 2.36 is below the 20-day moving average (MA) of 2.43, below the 50-day MA of 2.49, and below the 200-day MA of 2.46, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 43.02 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BINERO.

Binero Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ADVE	63 Neutral	kr697.62M	29.29	22.25%	0.57%	30.59%	2990.29%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
WPAY	47 Neutral	kr145.96M	―	―	―	17.33%	98.59%
BINERO	46 Neutral	kr291.28M	―	-11.28%	―	77.78%	-1.35%
FREJA	44 Neutral	kr474.11M	―	―	―	23.24%	55.65%
CLAV	40 Neutral	kr1.20B	―	―	―	20.75%	61.27%
CYB1	36 Underperform	€3.86M	―	―	―	―	―