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Enea AB (SE:ENEA)
:ENEA
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Enea AB (ENEA) AI Stock Analysis

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SE:ENEA

Enea AB

(ENEA)

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Neutral 66 (OpenAI - 4o)
Rating:66Neutral
Price Target:
kr75.00
▼(-2.85% Downside)
Enea AB's overall stock score is driven by a stable financial position and positive earnings call sentiment, despite challenges in revenue growth and technical indicators suggesting bearish trends. The company's valuation remains reasonable, supporting a moderate investment outlook.

Enea AB (ENEA) vs. iShares MSCI Sweden ETF (EWD)

Enea AB Business Overview & Revenue Model

Company DescriptionEnea AB (ENEA) is a Swedish software company that specializes in providing advanced software solutions and services for telecommunications, cybersecurity, and embedded systems. Founded in 1968, Enea operates primarily in the telecommunications sector, offering products that include network management, software development tools, and real-time operating systems. The company serves a diverse range of clients, including mobile and fixed-line operators, enterprises, and government organizations, focusing on enhancing network performance and security.
How the Company Makes MoneyEnea generates revenue primarily through the sale of software licenses, maintenance agreements, and professional services. The company's key revenue streams include licensing fees for its software products, which are often sold on a subscription basis, and ongoing maintenance and support services that ensure customers can effectively utilize and integrate Enea's solutions. Additionally, Enea earns revenue from consulting and training services that help customers implement and optimize its software solutions. Partnerships with telecommunications companies and technology providers also contribute to its earnings, as these collaborations often lead to joint offerings and expanded market reach.

Enea AB Earnings Call Summary

Earnings Call Date:Oct 23, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Jan 30, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted steady constant currency growth and significant improvements in earnings per share. However, challenges included a reported revenue decline due to currency fluctuations and volatility in deal closures. The consistent investment in R&D and regional growth in key areas like the Middle East and North America suggest a positive outlook, although structural declines in parts of the portfolio remain a concern.
Q3-2025 Updates
Positive Updates
Constant Currency Growth
Enea reported a 3% growth in constant currency for Q3 year-over-year, despite a 1.8% decrease in reported currency.
Strong Earnings Per Share Improvement
Earnings per share increased to SEK 1.77 in Q3 from SEK 0.18 in the same quarter last year.
Investment in R&D
Enea invested 25% of its turnover back into R&D, emphasizing its commitment to staying competitive and ahead in the market.
Security and Network Solutions Developments
Enea reported positive trends in traffic management and security solutions, acquiring new customers in the Security area and renewing partnerships.
Regional Growth
Business in the Middle East and North America developed well, with two new deals announced with Tier 1 operators.
Negative Updates
Reported Revenue Decline
Net sales in reported currency decreased by 1.8% year-over-year, affected by the strengthening of the Swedish krona.
Volatility in Deal Closures
The business showed volatility in deal closures, impacting the consistent reporting of organic growth.
Structural Decline in Part of Portfolio
There is a structural decline in part of Enea's portfolio, which is affecting overall growth despite investments.
Company Guidance
During the Enea Q3 2025 presentation, the company provided detailed financial guidance and outlook for its performance. The third quarter reported net sales of SEK 213 million, representing a 1.8% decrease from the previous year in reported currency, but a 3% growth in constant currency. Enea achieved a 33% margin and a net debt of SEK 212 million, with cash flow increasing to SEK 21 million year-over-year. The earnings per share saw significant improvement, rising to SEK 1.77 from SEK 0.18 in the previous year's third quarter. A substantial 25% of the company's turnover is being reinvested into R&D to maintain competitiveness. The company continues to see growth in its core areas, notably a 9% increase in the Network Solutions segment. Despite currency pressures, Enea is confident in achieving its short-term targets with an expected EBITDA margin between 30% and 35% for the year, maintaining stable cash flow, and continuing growth in Network and Security Solutions.

Enea AB Financial Statement Overview

Summary
Enea AB presents a balanced financial profile with solid profitability and efficient cash flow management. While revenue growth and debt levels require monitoring, the company's strong gross margins and cash conversion offer stability. Despite some challenges, Enea AB maintains a commendable financial standing within the software application industry.
Income Statement
65
Positive
Enea AB's income statement shows strong gross profit margins, indicating effective cost management. However, there is a noticeable decline in net profit margin due to fluctuating net income. Revenue growth has been inconsistent, with recent periods showing a decrease. Overall, the company maintains solid profitability but faces challenges in sustaining revenue growth.
Balance Sheet
75
Positive
The balance sheet reveals a stable equity position with a healthy equity ratio, reflecting strong asset management. However, the increase in total debt has led to a higher debt-to-equity ratio, which poses a potential risk. ROE has been volatile, affected by fluctuating net income, yet it remains positive in the latest TTM data.
Cash Flow
60
Neutral
Enea AB demonstrates strong cash flow management with consistent operating cash flow and positive free cash flow. The free cash flow to net income ratio is robust, indicating efficient conversion of earnings into cash. Free cash flow growth is notable, despite some volatility in prior periods, suggesting resilience in cash generation capabilities.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue918.80M920.19M912.68M927.67M975.62M915.09M
Gross Profit706.30M724.44M697.68M713.99M624.96M622.01M
EBITDA126.60M390.24M240.00M295.23M372.83M233.03M
Net Income71.00M143.06M-550.72M108.95M200.26M142.28M
Balance Sheet
Total Assets2.32B2.54B2.58B3.32B3.03B2.33B
Cash, Cash Equivalents and Short-Term Investments83.90M161.52M261.79M231.30M211.37M195.07M
Total Debt114.20M303.47M509.44M587.80M776.46M476.72M
Total Liabilities660.30M693.68M900.98M1.03B1.26B846.56M
Stockholders Equity1.66B1.85B1.68B2.29B1.78B1.49B
Cash Flow
Free Cash Flow162.80M272.31M166.91M28.63M193.18M145.22M
Operating Cash Flow162.80M279.20M263.46M166.84M333.74M274.17M
Investing Cash Flow-95.20M-92.68M-95.22M34.81M-517.78M-221.42M
Financing Cash Flow-282.00M-300.72M-126.01M-205.83M191.54M8.86M

Enea AB Technical Analysis

Technical Analysis Sentiment
Negative
Last Price77.20
Price Trends
50DMA
74.91
Negative
100DMA
73.49
Negative
200DMA
78.18
Negative
Market Momentum
MACD
-1.23
Positive
RSI
44.45
Neutral
STOCH
38.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ENEA, the sentiment is Negative. The current price of 77.2 is above the 20-day moving average (MA) of 74.96, above the 50-day MA of 74.91, and below the 200-day MA of 78.18, indicating a bearish trend. The MACD of -1.23 indicates Positive momentum. The RSI at 44.45 is Neutral, neither overbought nor oversold. The STOCH value of 38.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ENEA.

Enea AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
kr1.54B14.050.86%73.68%
kr2.28B32.7416.31%0.84%-1.48%
$37.18B12.37-10.20%1.83%8.50%-7.62%
kr1.39B116.001.97%6.08%-66.50%
kr3.22B4.86%-513.15%
€855.00M-16.82-26.80%2.08%-168.70%
€1.54B30.671.00%-21.66%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:ENEA
Enea AB
72.00
-30.20
-29.55%
SE:IAR.B
IAR Systems Group AB
178.00
57.61
47.86%
SE:CINT
Cint Group AB
3.61
-6.43
-64.05%
SE:BIM
BIMobject AB
5.79
1.30
28.95%
SE:SEYE
Smart Eye AB
84.70
20.50
31.93%
SE:FPIP
FormPipe Software AB
25.40
0.10
0.40%

Enea AB Corporate Events

Enea AB’s Earnings Call: Growth Amid Challenges
Oct 25, 2025

Enea AB’s recent earnings call conveyed a cautiously optimistic sentiment, underscored by steady growth in constant currency and a remarkable improvement in earnings per share. Despite these positive indicators, the company faces challenges such as a reported revenue decline due to currency fluctuations and volatility in deal closures. Enea’s commitment to R&D and regional growth, particularly in the Middle East and North America, paints a promising outlook, although structural declines in parts of its portfolio remain a concern.

Enea AB Reports Mixed Q3 2025 Results Amid Revenue Fluctuations
Oct 23, 2025

Enea AB’s Q3 2025 interim report shows a slight decline in net sales and adjusted EBITDA, with the network business experiencing a minor decrease in revenue while security business revenue remained stable. The company’s operating systems revenue saw a significant drop, impacting overall profitability, although profit after tax improved significantly compared to the previous year. The report highlights challenges in maintaining growth across its business segments, with implications for stakeholders regarding the company’s ability to sustain its market position amidst fluctuating revenues.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK84.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea AB Executes Share Buyback to Optimize Capital Structure
Oct 20, 2025

Enea AB has repurchased 12,500 of its own shares as part of a buyback program authorized by the 2025 Annual General Meeting, aimed at optimizing its capital structure and enhancing shareholder value. This buyback is part of a larger SEK 50 million program running until the 2026 Annual General Meeting, aligning with EU regulations, and reflects Enea’s strategic financial management to strengthen its market position.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK84.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea AB Executes Share Buyback to Enhance Shareholder Value
Oct 13, 2025

Enea AB has repurchased 12,198 of its own shares between October 6–10, 2025, as part of a SEK 50 million share buyback program. This initiative aims to adjust the company’s capital structure to enhance shareholder value, with the repurchased shares intended for withdrawal at future Annual General Meetings.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK81.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea AB Executes Share Buyback to Enhance Shareholder Value
Oct 6, 2025

Enea AB has repurchased 12,500 of its own shares as part of a buyback program aimed at optimizing its capital structure and enhancing shareholder value. This initiative is part of a larger SEK 50 million share buyback program, conducted in compliance with EU regulations, and is expected to impact the company’s financial strategy and shareholder returns.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK82.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea Secures USD 1.9 Million Traffic Management Contract in Africa
Oct 2, 2025

Enea has secured a USD 1.9 million contract with a leading African communication service provider to implement its Traffic Management solution, which aims to enhance user experience and manage mobile data traffic effectively. This contract, which includes USD 1.1 million in software licenses recognized in the third quarter of 2025, reinforces Enea’s market position in the region and highlights its technical expertise in telecom solutions.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK77.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea Invites Stakeholders to Q3 2025 Report Presentation
Oct 2, 2025

Enea has announced an invitation for investors, analysts, and media to join a presentation of its third-quarter report for 2025. The event, which will feature a presentation by the company’s CEO and CFO, will be available via webcast and teleconference, allowing participants to engage with the company through a Q&A session. This presentation is part of Enea’s ongoing efforts to maintain transparency and engagement with its stakeholders.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK77.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea Secures SEK 39 Million Traffic Management Contract
Oct 1, 2025

Enea has signed a SEK 39 million contract with a leading North American mobile network operator to deliver its traffic management solution, including the 5G Service Engine and Stratum Network Data Layer. This agreement strengthens Enea’s position as a trusted partner in the competitive telecom market, enhancing user experience and optimizing network costs.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK81.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea AB Executes Share Buyback to Optimize Capital Structure
Sep 29, 2025

Enea AB has repurchased 12,196 of its own shares between September 22-26, 2025, as part of a SEK 50 million share buyback program aimed at optimizing its capital structure and enhancing shareholder value. This strategic move is in line with the company’s broader financial strategy and complies with EU regulations, potentially impacting its market positioning and shareholder interests.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK80.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea AB Executes Share Buyback to Enhance Shareholder Value
Sep 22, 2025

Enea AB has repurchased 12,500 of its own shares as part of a SEK 50 million share buyback program, authorized by the 2024 Annual General Meeting. This initiative aims to adjust the company’s capital structure to enhance shareholder value, with plans to withdraw the repurchased shares at future meetings. The buyback is conducted under EU regulations, reflecting Enea’s strategic financial management and commitment to shareholder interests.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK80.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea AB Executes Share Buyback to Enhance Shareholder Value
Sep 15, 2025

Enea AB has repurchased 15,000 of its own shares as part of a buyback program aimed at optimizing its capital structure and enhancing shareholder value. This initiative is part of a larger SEK 50 million share buyback program, adhering to EU regulations, and demonstrates Enea’s commitment to financial strategy and shareholder interests.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK80.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea AB Executes Share Buyback to Enhance Capital Structure
Sep 8, 2025

Enea AB has repurchased 17,500 of its own shares from September 1-5, 2025, as part of a share buyback program authorized by the 2024 Annual General Meeting. The program, which aims to optimize the company’s capital structure and enhance shareholder value, is set to run until the day before the 2026 Annual General Meeting, with a total budget of up to SEK 50 million. This initiative is aligned with the EU Market Abuse Regulation and is expected to impact the company’s financial strategy and shareholder relations positively.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK80.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea AB Executes Share Buyback to Optimize Capital Structure
Sep 1, 2025

Enea AB has repurchased 20,000 of its own shares as part of a buyback program authorized by the 2024 Annual General Meeting. This initiative, which is part of a larger SEK 50 million share buyback program, aims to adjust the company’s capital structure to better meet its financial needs and enhance shareholder value. The repurchases were conducted on Nasdaq Stockholm and are in compliance with EU regulations, reflecting Enea’s strategic financial management to strengthen its market position.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK80.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea AB Executes Share Buyback to Optimize Capital Structure
Aug 25, 2025

Enea AB has repurchased 25,000 of its own shares as part of a share buyback program aimed at optimizing its capital structure and enhancing shareholder value. This buyback is part of a larger SEK 50 million program, conducted under EU regulations, and reflects Enea’s strategic financial management to adapt to its capital needs.

The most recent analyst rating on (SE:ENEA) stock is a Hold with a SEK81.00 price target. To see the full list of analyst forecasts on Enea AB stock, see the SE:ENEA Stock Forecast page.

Enea AB Executes Share Buyback to Enhance Shareholder Value
Aug 18, 2025

Enea AB has repurchased 25,000 of its own shares as part of a buyback program authorized by the 2024 Annual General Meeting. This initiative, aimed at optimizing the company’s capital structure and enhancing shareholder value, is part of a larger SEK 50 million buyback plan running until the 2026 Annual General Meeting, conducted in compliance with EU regulations.

Enea AB Executes Share Buyback to Optimize Capital Structure
Aug 11, 2025

Enea AB has repurchased 23,116 of its own shares as part of a buyback program aimed at optimizing its capital structure and enhancing shareholder value. The buyback, conducted on Nasdaq Stockholm, is part of a SEK 50 million program running until the 2026 Annual General Meeting, aligning with EU regulations.

Enea AB Executes Share Buyback to Optimize Capital Structure
Aug 4, 2025

Enea AB has repurchased 38,000 of its own shares between July 28 and August 1, 2025, as part of a SEK 50 million share buyback program aimed at optimizing its capital structure and enhancing shareholder value. This initiative, conducted under EU regulations, reflects Enea’s strategic efforts to manage its financial resources effectively and may influence its market positioning and stakeholder relations.

Enea AB Executes Share Buyback to Optimize Capital Structure
Jul 28, 2025

Enea AB, a company listed on Nasdaq Stockholm, has repurchased 39,304 of its own shares as part of a buyback program aimed at optimizing its capital structure and enhancing shareholder value. The buyback is part of a SEK 50 million program announced earlier, following EU regulations, and will continue until the day before the Annual General Meeting in 2026.

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.Date of analysis: Oct 24, 2025