Creades AB (CRED.A) AI Stock Analysis

• Market Cap: kr9.52B
• Dividend Yield: 2.18%
• Average Volume (3M): 101.70K
• Price to Earnings (P/E): 7.9
• Beta (1Y): 1.17
• Revenue Growth: 4.72%
• EPS Growth: -38.28%
• Country: SE
• Employees: 9
• Sector: General
• Sector Strength: N/A
• Industry: Asset Management
• EPS (TTM): 1.49
• Shares Outstanding: 93,103,640
• 10 Day Avg. Volume: 119,742
• 30 Day Avg. Volume: 101,699
• PEG Ratio: 9.26
• Price to Book (P/B): 0.91
• Price to Sales (P/S): 40.11
• P/FCF Ratio: 79.28
• 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: 63 Neutral
• Price Target: kr77.00 ▲(3.63% Upside)

The score is driven primarily by strong solvency and a conservative balance sheet, offset by highly volatile earnings and weakening/free cash flow consistency. Technical signals are currently bearish (below key moving averages with negative MACD), while a low P/E and moderate dividend yield improve the valuation backdrop.

Positive Factors

Conservative balance sheet

Extremely low leverage and a large equity base provide durable solvency and financial flexibility, enabling the firm to withstand market downturns and pursue opportunistic investments without forcing asset sales. This supports long-term capital allocation and risk management.

Investment-driven income model

A business model focused on dividends, capital gains and fair-value appreciation offers multiple, structural return streams tied to portfolio performance. Over time this can generate compounding returns and cash distributions, aligning incentives to long-term value creation.

Active ownership approach

Active ownership and portfolio management signal hands-on engagement that can improve operational outcomes at portfolio companies, influence governance, and unlock value over multi-year horizons, enhancing the firm's ability to drive sustainable returns versus passive holding.

Negative Factors

Highly volatile earnings

Earnings volatility undermines predictability of returns and dividends. Large swings tied to valuation and portfolio timing complicate capital allocation, investor planning and benchmarking, making multi-period performance less reliable despite strong equity backing.

Inconsistent and weakening cash flow

Declining and inconsistent free cash flow reduces capacity to fund new investments, support distributions or absorb losses without selling assets. Persistent FCF weakness erodes the company’s tactical flexibility and increases reliance on mark-to-market gains for results.

Severe revenue contraction in 2025

An ~81% revenue collapse highlights concentrated timing and valuation risk within the portfolio. Such material revenue swings can reflect concentrated exposures or impairments, threatening multi-year return consistency and elevating the chance of forced portfolio adjustments.

Creades AB Business Overview & Revenue Model

Company Description

Creades AB is a private equity and venture capital investment firm specializing in seed/startup, early, mid & late venture, emerging growth, middle market, growth capital and buyout investments. The firm typically invests in small and medium-sized public and private companies. It focuses on Swedish companies. The firm seeks to invest between SEK100 ($15.51 million) and SEK300 million ($46.53 million). The firm prefers to take a majority stake and seat on the board of directors of its portfolio companies. The firm uses personal and balance sheet capital for making investments. Creades AB was founded in 2011 and is based in Stockholm, Sweden.

How the Company Makes Money

Creades AB generates revenue primarily through its investments in portfolio companies. The company makes money by realizing capital gains from the sale of its investments, which can occur through various exit strategies such as public offerings, mergers, or acquisitions. In addition, Creades can earn management fees and performance-based fees from its investments, depending on the agreements in place with portfolio companies. The company also benefits from dividends or profit-sharing arrangements from its investments, contributing to its overall earnings. Strategic partnerships and collaborations with other investment firms and industry experts enhance its investment capabilities and market insights, thereby potentially increasing its revenue streams.

Creades AB Financial Statement Overview

Summary

Balance sheet strength is a key positive (very low leverage and large equity base), supporting resilience. However, earnings quality is weaker due to high volatility, including a sharp revenue collapse in 2025 and a loss year in 2022. Cash flow is positive but inconsistent and recently weakened, reducing confidence in earnings-to-cash conversion.

Income Statement

Profitability has been exceptionally strong in most years (high net income relative to revenue in 2020–2024), but results are volatile: revenue collapsed in 2025 (down ~81% YoY) and 2022 showed a sharp loss. Margins also swing materially (including years where profits exceed revenue), which is common in investment/asset management with valuation-driven income, but it reduces earnings reliability.

Balance Sheet

The balance sheet is conservatively financed with extremely low leverage across periods (debt-to-equity consistently near zero) and a large equity base. Returns on equity are generally healthy in positive years, though they can turn sharply negative when earnings swing (as seen in 2022), highlighting that equity strength is high but earnings tied to market/valuation moves can drive big return variability.

Cash Flow

Cash generation is positive, with operating cash flow and free cash flow positive each year shown, but it is inconsistent and recently weakened: free cash flow declined in 2024 and dropped sharply again in 2025. Cash flow coverage versus earnings is also uneven (including periods reported at 0), suggesting that reported profits do not always translate cleanly into operating cash in every year.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.32B	253.00M	1.28B	538.00M	-4.19B	4.47B
Gross Profit	1.32B	1.28B	1.27B	538.00M	-4.19B	4.47B
EBITDA	1.25B	1.21B	1.20B	556.00M	-3.96B	4.22B
Net Income	1.25B	1.21B	1.20B	558.00M	-3.95B	4.19B
Balance Sheet
Total Assets	10.95B	11.25B	10.31B	9.32B	9.05B	13.52B
Cash, Cash Equivalents and Short-Term Investments	720.00M	287.00M	717.00M	299.00M	613.00M	467.00M
Total Debt	9.00M	8.00M	10.00M	2.00M	3.00M	6.00M
Total Liabilities	232.00M	95.00M	153.00M	147.00M	245.00M	575.00M
Stockholders Equity	10.72B	11.15B	10.16B	9.18B	8.81B	12.95B
Cash Flow
Free Cash Flow	129.00M	128.00M	190.00M	205.00M	25.00M	89.00M
Operating Cash Flow	129.00M	128.00M	190.00M	205.00M	25.00M	89.00M
Investing Cash Flow	561.00M	-341.00M	438.00M	-329.00M	311.00M	-1.07B
Financing Cash Flow	-216.00M	-217.00M	-210.00M	-190.00M	-190.00M	805.00M

Creades AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 74.30
• 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:CRED.A, the sentiment is Negative. The current price of 74.3 is above the 20-day moving average (MA) of 72.34, above the 50-day MA of 72.64, and below the 200-day MA of 75.45, indicating a bearish trend. The MACD of -0.88 indicates Positive momentum. The RSI at 39.58 is Neutral, neither overbought nor oversold. The STOCH value of 18.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CRED.A.

Creades AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORES	78 Outperform	kr5.51B	6.28	―	6.23%	-0.22%	-58.80%
RATO.B	69 Neutral	kr12.74B	15.43	6.59%	3.70%	-22.65%	-14.05%
SVOL.B	67 Neutral	kr5.84B	12.92	7.83%	0.79%	-25.75%	-27.25%
CRED.A	63 Neutral	kr9.52B	7.85	12.47%	2.18%	4.72%	-38.28%
MCAP	62 Neutral	kr7.53B	37.27	15.16%	―	11.30%	-14.49%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
BURE	53 Neutral	kr16.24B	-2.92	-23.18%	1.13%	22.38%	-153.85%