Codemill AB (SE:CDMIL)
:CDMIL
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Codemill AB
(CDMIL)
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Rating:62Neutral
Price Target:
kr14.50
▼(-3.01% Downside)
Action:ReiteratedDate:02/18/26
The score is primarily supported by balance sheet strength and improved operating cash flow since 2023, but is held back by the sharp 2025 deterioration in revenue, profitability (near breakeven), and free cash flow (down to zero). Technical indicators are broadly neutral, while valuation is mixed due to a supportive dividend yield but an unusable negative P/E.
Positive Factors
Conservative balance sheet / low leverage
Codemill's low leverage and sizable equity base lower financial risk and provide durable flexibility. This financing profile supports investment in product development, absorbs cyclical revenue swings, and preserves strategic options like acquisitions or share support over the next 2–6 months.
Negative Factors
Sharp 2025 revenue decline
A near-27% revenue contraction in 2025 is a durable red flag: loss of scale erodes operating leverage, weakens bargaining power with customers, and constrains R&D and sales investment. If this trend persists, sustaining margins and growth initiatives will become materially harder.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Codemill's low leverage and sizable equity base lower financial risk and provide durable flexibility. This financing profile supports investment in product development, absorbs cyclical revenue swings, and preserves strategic options like acquisitions or share support over the next 2–6 months.
Read all positive factors
Codemill AB (CDMIL) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr196.83M
Dividend Yield3.25%
Average Volume (3M)4.57K
Price to Earnings (P/E)―
Beta (1Y)-0.10
Revenue Growth-18.05%
EPS Growth-71.19%
CountrySE
Employees54
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.02
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)1.29
Revenue Forecast (FY)kr96.00M
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
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Codemill AB Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 67.19M | 91.97M | 78.79M | 57.31M | 34.64M |
| Gross Profit | 1.50M | 40.19M | 26.78M | 14.02M | -4.28M |
| EBITDA | 17.11M | 27.11M | 13.20M | 948.00K | -16.41M |
| Net Income | -42.00K | 10.94M | -2.69M | -13.69M | -28.23M |
Balance Sheet | |||||
| Total Assets | 79.41M | 91.69M | 81.19M | 82.99M | 98.83M |
| Cash, Cash Equivalents and Short-Term Investments | 28.74M | 32.82M | 15.66M | 12.38M | 28.68M |
| Total Debt | 796.00K | 2.40M | 4.93M | 6.93M | 9.10M |
| Total Liabilities | 29.59M | 34.81M | 35.30M | 34.40M | 36.45M |
| Stockholders Equity | 49.82M | 56.88M | 45.89M | 48.59M | 62.38M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 19.92M | 5.84M | -14.78M | -45.30M |
| Operating Cash Flow | 14.55M | 28.26M | 14.46M | -166.00K | -15.54M |
| Investing Cash Flow | -9.65M | -8.34M | -8.61M | -14.00M | -36.40M |
| Financing Cash Flow | -8.97M | -2.64M | -2.56M | -2.14M | 53.32M |
Codemill AB Technical Analysis
Negative
14.95
Price Trends
15.23
Negative
15.41
Negative
15.91
Negative
Market Momentum
-0.31
Positive
39.28
Neutral
83.64
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CDMIL, the sentiment is Negative. The current price of 14.95 is above the 20-day moving average (MA) of 14.85, below the 50-day MA of 15.23, and below the 200-day MA of 15.91, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 39.28 is Neutral, neither overbought nor oversold. The STOCH value of 83.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | kr196.83M | -160.32 | ― | 3.25% | -18.05% | -71.19% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | kr150.87M | 224.82 | ― | ― | ― | ― | |
54 Neutral | kr222.52M | -88.20 | -0.84% | ― | 7.86% | -189.02% | |
45 Neutral | kr35.61M | -0.07 | ― | ― | ― | ― | |
44 Neutral | kr240.31M | -7.51 | ― | ― | -57.18% | 72.75% | |
42 Neutral | kr214.12M | -5.44 | ― | ― | -69.94% | -7367.66% |
* Technology Sector Average
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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.