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Doxa AB
(DOXA)
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Rating:47Neutral
Price Target:
kr0.35
▼(-20.23% Downside)
Action:Reiterated
Date:07/21/26
The score is held back primarily by weak profitability (negative gross profit and continued net losses) despite improved leverage and currently positive operating/free cash flow. Technicals also weigh on the rating as the stock trades below all major moving averages with negative MACD. Valuation provides limited support due to a negative P/E and no stated dividend yield.
Positive Factors
Revenue Rebound
A very strong TTM revenue rebound (large percentage increase vs prior year) indicates recovering market demand and increased sales traction. Over 2–6 months this trend supports scaling of operations, higher capacity utilization and gives management room to focus on restoring margins and operational leverage.
Negative Factors
Negative Gross Profit & Operating Losses
Negative gross profit signals that core unit economics are currently unprofitable, not just overhead issues. Persisting operating losses mean the business destroys value on each sale until pricing, mix, or cost structure changes. This is a structural headwind that must be corrected to achieve sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
A very strong TTM revenue rebound (large percentage increase vs prior year) indicates recovering market demand and increased sales traction. Over 2–6 months this trend supports scaling of operations, higher capacity utilization and gives management room to focus on restoring margins and operational leverage.
Read all positive factors
Doxa AB (DOXA) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr467.39M
Dividend YieldN/A
Average Volume (3M)738.50K
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue Growth94.25%
EPS Growth89.16%
CountrySE
Employees26
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.16
Shares Outstanding1,312,893,100
10 Day Avg. Volume416,677
30 Day Avg. Volume738,495
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.29
Price to Sales (P/S)8.91
P/FCF Ratio2.13
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
Doxa AB Business Overview & Revenue Model
Company Description
Doxa AB (publ) provides real estate development services in Sweden and internationally. The company operates through Project Development and Other Operations segments. Doxa AB (publ) was incorporated in 1987 and is headquartered in Malmö, Sweden....
How the Company Makes Money
null...
Doxa AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 82.60M | 63.50M | 571.80M | 9.90M | 5.20M | 121.30M |
| Gross Profit | -159.40M | -158.40M | 15.50M | 9.90M | -1.70M | 118.30M |
| EBITDA | -47.00M | -46.80M | -1.70B | 296.00M | -46.60M | -33.10M |
| Net Income | -201.60M | -335.50M | -1.72B | 291.90M | -39.90M | 76.20M |
Balance Sheet | ||||||
| Total Assets | 4.06B | 4.03B | 8.20B | 3.50B | 1.79B | 878.80M |
| Cash, Cash Equivalents and Short-Term Investments | 20.20M | 58.20M | 70.60M | 111.90M | 60.00M | 15.10M |
| Total Debt | 1.45B | 1.36B | 3.63B | 256.50M | 4.90M | 0.00 |
| Total Liabilities | 2.10B | 2.06B | 5.89B | 280.80M | 18.30M | 9.00M |
| Stockholders Equity | 1.96B | 1.97B | 2.31B | 3.22B | 1.77B | 869.80M |
Cash Flow | ||||||
| Free Cash Flow | 231.20M | 266.10M | -63.60M | -37.80M | -39.40M | -18.60M |
| Operating Cash Flow | 626.00M | 266.10M | -63.20M | -37.80M | -38.50M | -18.60M |
| Investing Cash Flow | -232.20M | 292.10M | -834.90M | -205.10M | -267.30M | -392.90M |
| Financing Cash Flow | -405.40M | -540.60M | 807.70M | 294.70M | 350.70M | 422.10M |
Doxa AB Technical Analysis
Negative
0.44
Price Trends
0.40
Negative
0.41
Negative
0.44
Negative
Market Momentum
>-0.01
Negative
40.80
Neutral
40.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:DOXA, the sentiment is Negative. The current price of 0.44 is above the 20-day moving average (MA) of 0.37, above the 50-day MA of 0.40, and below the 200-day MA of 0.44, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.80 is Neutral, neither overbought nor oversold. The STOCH value of 40.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:DOXA.
Doxa AB Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
51 Neutral | kr5.08M | -0.48 | ― | ― | ― | ― | |
47 Neutral | kr467.39M | -1.45 | -35.70% | ― | 94.25% | 89.16% | |
44 Neutral | kr534.62M | -7.65 | ― | ― | ― | -20.67% | |
43 Neutral | kr318.34M | -1.27 | -108.15% | ― | 79.55% | 90.21% | |
40 Underperform | kr33.23M | -0.34 | -572.32% | ― | -19.45% | 79.90% |
* Real Estate 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.