Firefly AB (SE:FIRE)
:FIRE
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Firefly AB
(FIRE)
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Rating:76Outperform
Price Target:
kr221.00
▲(13.92% Upside)
Action:ReiteratedDate:02/22/26
The score is driven primarily by strong financial fundamentals (improving margins and a conservatively financed balance sheet), supported by a positive but moderate technical uptrend. Valuation is reasonable but not cheap, limiting upside from multiple expansion, and cash-flow volatility/recent net income softness is a key item to monitor.
Positive Factors
Conservative balance sheet
Extremely low leverage and rising equity create durable financial resilience. Minimal debt (≈1–2m) against a much larger equity base gives the company flexibility to fund organic growth, withstand cyclical downturns, and prioritize reinvestment or dividends without refinancing stress.
Negative Factors
Cash-flow volatility
Historic swings in operating and free cash flow indicate working-capital sensitivity and episodic funding strain. Even with positive OCF in recent years, negative cash-flow episodes can disrupt investment plans, push reliance on external financing, and heighten risk during weaker demand periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage and rising equity create durable financial resilience. Minimal debt (≈1–2m) against a much larger equity base gives the company flexibility to fund organic growth, withstand cyclical downturns, and prioritize reinvestment or dividends without refinancing stress.
Read all positive factors
Firefly AB (FIRE) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.15B
Dividend Yield2.85%
Average Volume (3M)1.93K
Price to Earnings (P/E)25.2
Beta (1Y)0.42
Revenue Growth-3.93%
EPS Growth-7.54%
CountrySE
Employees167
SectorTechnology
Sector Strength88
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)2.96
Shares Outstanding6,001,400
10 Day Avg. Volume2,899
30 Day Avg. Volume1,930
Financial Highlights & Ratios
PEG Ratio-1.89
Price to Book (P/B)6.35
Price to Sales (P/S)2.39
P/FCF Ratio26.18
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
Firefly AB Business Overview & Revenue Model
Company Description
Firefly AB (publ) develops and sells industrial fire prevention and protection systems for the process industries worldwide. The company operates in two business areas, Industrial Applications and Infra Systems. The Industrial Applications busines...
How the Company Makes Money
Firefly AB generates revenue through multiple streams, primarily by selling its proprietary technology solutions to automotive manufacturers and fleet operators. Key revenue streams include direct sales of software licenses, hardware sales for veh...
Firefly AB Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 503.25M | 497.06M | 477.93M | 384.43M | 300.23M |
| Gross Profit | 204.97M | 204.75M | 178.67M | 134.06M | 111.87M |
| EBITDA | 69.99M | 78.04M | 60.96M | 46.46M | 26.64M |
| Net Income | 47.56M | 54.83M | 45.24M | 34.84M | 18.82M |
Balance Sheet | |||||
| Total Assets | 307.75M | 303.00M | 288.45M | 219.37M | 192.80M |
| Cash, Cash Equivalents and Short-Term Investments | 80.08M | 67.87M | 52.96M | 32.95M | 52.66M |
| Total Debt | 1.53M | 2.06M | 1.94M | 2.16M | 0.00 |
| Total Liabilities | 118.78M | 127.67M | 140.69M | 143.58M | 122.43M |
| Stockholders Equity | 188.97M | 175.33M | 147.77M | 75.79M | 70.37M |
Cash Flow | |||||
| Free Cash Flow | 45.84M | 38.77M | 36.25M | -5.56M | 23.87M |
| Operating Cash Flow | 50.44M | 42.54M | 41.21M | -1.44M | 32.55M |
| Investing Cash Flow | -4.60M | 1.53M | -5.01M | -4.33M | -8.89M |
| Financing Cash Flow | -33.18M | -29.27M | -18.55M | -15.00M | -12.60M |
Firefly AB Technical Analysis
Positive
194.00
Price Trends
191.18
Positive
192.59
Negative
188.98
Positive
Market Momentum
0.10
Negative
51.77
Neutral
70.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FIRE, the sentiment is Positive. The current price of 194 is above the 20-day moving average (MA) of 189.44, above the 50-day MA of 191.18, and above the 200-day MA of 188.98, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 51.77 is Neutral, neither overbought nor oversold. The STOCH value of 70.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:FIRE.
Firefly AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | kr1.15B | 25.24 | ― | 2.85% | -3.93% | -7.54% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | kr480.44M | 12.06 | ― | ― | 1.30% | -2.54% | |
54 Neutral | kr118.97M | -30.10 | -1.58% | ― | 2.70% | 85.94% | |
41 Neutral | kr107.46M | -38.00 | ― | ― | 9.39% | -378.80% |
* Technology Sector Average
SE:FIRE
Firefly AB
191.60
27.23
16.57%
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3.33%
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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.