Codemill AB (SE:CDMIL)
:CDMIL
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Codemill AB
(CDMIL)
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Rating:65Neutral
Price Target:
kr16.50
▲(10.37% Upside)
Action:Reiterated
Date:05/02/26
Overall score reflects financial stability as the main positive (low leverage and improved cash generation), tempered by a clear recent slowdown in growth and profitability (TTM revenue decline and near-breakeven earnings). Technicals are moderately supportive but not strong, and valuation is a headwind given the ~32 P/E despite a ~3.13% yield.
Positive Factors
Low financial leverage
Very low leverage gives Codemill durable financial flexibility. With debt a small fraction of equity the company can fund product development, support multi-month integration projects, absorb client payment timing shocks, and pursue opportunistic investments without near-term refinancing risk.
Negative Factors
Revenue contraction
A recent decline in trailing revenue interrupts growth momentum and limits scale benefits. Persistent or repeated contractions can weaken pricing leverage, reduce investment capacity for product roadmaps, and signal customer adoption or retention issues that would matter over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Very low leverage gives Codemill durable financial flexibility. With debt a small fraction of equity the company can fund product development, support multi-month integration projects, absorb client payment timing shocks, and pursue opportunistic investments without near-term refinancing risk.
Read all positive factors
Codemill AB (CDMIL) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr211.82M
Dividend Yield3.25%
Average Volume (3M)4.57K
Price to Earnings (P/E)32.2
Beta (1Y)-0.23
Revenue Growth-27.56%
EPS Growth-99.50%
CountrySE
Employees54
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding13,621,653
10 Day Avg. Volume6,443
30 Day Avg. Volume4,565
Financial Highlights & Ratios
PEG Ratio49.43
Price to Book (P/B)4.18
Price to Sales (P/S)3.10
P/FCF Ratio0.00
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
Codemill AB Business Overview & Revenue Model
Company Description
CodeMill AB (publ) develops media and video applications in Sweden and internationally. It offers Accurate.Video, a web-based video platform for integration with video platforms, applications, or MAM for broadcast, post-production, and media profe...
How the Company Makes Money
Codemill primarily makes money by selling software products and related services to customers in media and entertainment. Revenue is typically generated through (1) licensing or subscription fees for Codemill’s software products used in media work...
Codemill AB Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.93M | 67.19M | 91.97M | 78.79M | 57.31M | 34.64M |
| Gross Profit | 16.70M | 1.50M | 40.19M | 26.78M | 14.02M | -4.28M |
| EBITDA | 15.18M | 17.11M | 27.11M | 13.20M | 948.00K | -16.41M |
| Net Income | 44.00K | -42.00K | 10.94M | -2.69M | -13.69M | -28.23M |
Balance Sheet | ||||||
| Total Assets | 79.25M | 79.41M | 91.69M | 81.19M | 82.99M | 98.83M |
| Cash, Cash Equivalents and Short-Term Investments | 31.92M | 28.74M | 32.82M | 15.66M | 12.38M | 28.68M |
| Total Debt | 263.00K | 796.00K | 2.40M | 4.93M | 6.93M | 9.10M |
| Total Liabilities | 27.92M | 29.59M | 34.81M | 35.30M | 34.40M | 36.45M |
| Stockholders Equity | 51.33M | 49.82M | 56.88M | 45.89M | 48.59M | 62.38M |
Cash Flow | ||||||
| Free Cash Flow | 4.94M | 0.00 | 19.92M | 5.84M | -14.78M | -45.30M |
| Operating Cash Flow | 16.94M | 14.55M | 28.26M | 14.46M | -166.00K | -15.54M |
| Investing Cash Flow | -10.13M | -9.65M | -8.34M | -8.61M | -14.00M | -36.40M |
| Financing Cash Flow | -9.00M | -8.97M | -2.64M | -2.56M | -2.14M | 53.32M |
Codemill AB Technical Analysis
Positive
14.95
Price Trends
14.86
Positive
15.17
Positive
15.43
Positive
Market Momentum
0.25
Negative
54.42
Neutral
40.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CDMIL, the sentiment is Positive. The current price of 14.95 is below the 20-day moving average (MA) of 15.21, above the 50-day MA of 14.86, and below the 200-day MA of 15.43, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 54.42 is Neutral, neither overbought nor oversold. The STOCH value of 40.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CDMIL.
Codemill AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | kr211.82M | 32.22 | ― | 3.25% | -27.56% | -99.50% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | kr231.22M | -612.59 | -0.84% | ― | 17.90% | -1107.48% | |
58 Neutral | kr153.23M | 71.03 | ― | ― | -0.37% | -11.84% | |
46 Neutral | kr234.51M | -12.05 | ― | ― | -51.82% | 49.45% | |
42 Neutral | kr167.16M | -5.29 | ― | ― | -81.87% | -180.83% | |
42 Neutral | kr17.83M | -22.88 | ― | ― | -28.58% | -1329.84% |
* Technology Sector Average
SE:CDMIL
Codemill AB
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-2.43
-13.52%
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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.