Freja eID Group AB (SE:FREJA)
:FREJA
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Freja eID Group AB
(FREJA)
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Rating:50Neutral
Price Target:
kr15.50
▲(4.03% Upside)
Action:ReiteratedDate:02/07/26
The score is driven primarily by improving fundamentals—strong revenue growth and a shift to positive operating/free cash flow—offset by continued net losses and weak/volatile margins. Technicals are mostly neutral with only modestly constructive signals, while valuation is penalized due to losses (negative P/E) and no stated dividend support.
Positive Factors
Sustained Revenue Growth
Consistent revenue expansion signals growing adoption of Freja eID's services across customers. Durable top-line momentum supports scale economies, strengthens bargaining leverage with partners, and provides a foundation to invest in product and sales capabilities that can drive margin improvement over the medium term.
Negative Factors
Persistent Net Losses
Ongoing net losses indicate the business has not yet reached structural profitability; continued deficits can erode equity and force reliance on external capital. If losses persist, the company may face financing pressure that constrains investments and increases execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent revenue expansion signals growing adoption of Freja eID's services across customers. Durable top-line momentum supports scale economies, strengthens bargaining leverage with partners, and provides a foundation to invest in product and sales capabilities that can drive margin improvement over the medium term.
Read all positive factors
Freja eID Group AB (FREJA) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr465.54M
Dividend YieldN/A
Average Volume (3M)48.41K
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue Growth16.36%
EPS Growth39.29%
CountrySE
Employees27
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.17
Shares Outstanding28,560,974
10 Day Avg. Volume28,956
30 Day Avg. Volume48,411
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)18.15
Price to Sales (P/S)7.81
P/FCF Ratio59.72
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
Freja eID Group AB Business Overview & Revenue Model
Company Description
Freja eID Group AB (publ), an IT security company, provides security solutions for banking, government, and businesses worldwide. It offers Freja eID, an eco-system for identities; Freja ID to provide secure access to management teams or other key...
How the Company Makes Money
Freja eID Group AB generates revenue through multiple channels, primarily by charging fees for its digital identity services and electronic signature solutions. The company offers subscription plans for businesses that require enhanced security fo...
Freja eID Group AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
51
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 51.09M | 43.91M | 36.29M | 29.42M | 20.64M |
| Gross Profit | -14.31M | 10.64M | 620.00K | 36.56M | 25.22M |
| EBITDA | 1.29M | -4.35M | -25.52M | -33.74M | -42.68M |
| Net Income | -15.31M | -23.37M | -31.96M | -38.76M | -52.33M |
Balance Sheet | |||||
| Total Assets | 69.42M | 60.79M | 62.42M | 59.85M | 93.78M |
| Cash, Cash Equivalents and Short-Term Investments | 14.90M | 8.43M | 5.44M | 6.22M | 28.30M |
| Total Debt | 10.88M | 33.83M | 19.50M | 17.18M | 13.59M |
| Total Liabilities | 47.42M | 63.52M | 48.62M | 38.50M | 34.54M |
| Stockholders Equity | 21.99M | -2.73M | 13.80M | 21.35M | 59.24M |
Cash Flow | |||||
| Free Cash Flow | 6.68M | -9.50M | -22.90M | -37.38M | -51.13M |
| Operating Cash Flow | 7.09M | 1.95M | -8.38M | -25.41M | -41.67M |
| Investing Cash Flow | -12.53M | -11.45M | -14.00M | 2.15M | -9.70M |
| Financing Cash Flow | 11.81M | 12.37M | 21.57M | 938.00K | 56.28M |
Freja eID Group AB Technical Analysis
Positive
14.90
Price Trends
15.60
Positive
15.65
Positive
14.81
Positive
Market Momentum
0.21
Negative
59.26
Neutral
61.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FREJA, the sentiment is Positive. The current price of 14.9 is below the 20-day moving average (MA) of 15.38, below the 50-day MA of 15.60, and above the 200-day MA of 14.81, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 59.26 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:FREJA.
Freja eID Group AB Peers Comparison
UnderperformOutperform
Sector (61)
SE:FREJA
Freja eID Group AB
15.90
6.30
65.63%
SE:CLAV
Clavister Holding AB
4.78
0.70
17.16%
SE:ADVE
Advenica AB
21.60
-0.75
-3.36%
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.