Guideline Geo AB (GGEO) AI Stock Analysis

• Market Cap: kr98.78M
• Dividend Yield: N/A
• Average Volume (3M): 6.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: 2.20%
• EPS Growth: 50.91%
• Country: SE
• Employees: 93
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.45
• Shares Outstanding: 11,428,058
• 10 Day Avg. Volume: 10,784
• 30 Day Avg. Volume: 6,899
• PEG Ratio: 1.63
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 0.39
• P/FCF Ratio: 0.00
• 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: 52 Neutral
• Price Target: kr10.00 ▲(0.00% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is driven by a solid, low-leverage balance sheet and still-positive operating cash flow, offset by weakened profitability (net loss in 2025) and uneven free cash flow. Technicals are neutral to slightly weak, and valuation is pressured by loss-making earnings (negative P/E) with no dividend yield provided.

Positive Factors

Conservative balance sheet

Very low leverage gives Guideline Geo durable financial flexibility. Minimal debt reduces refinancing and interest risk across cycles, enabling the company to fund R&D, service installed base, or weather downturns without eroding strategic options or forcing distressed asset sales.

Positive operating cash flow

Consistent, improving operating cash flow underpins operational resilience even during a reported net loss. Reliable cash generation supports working capital, spare parts and service delivery, and funds organic investment without immediate reliance on external capital markets.

Top-line stability and recovery

A multi-year revenue recovery indicates enduring demand for subsurface instrumentation and services across infrastructure, environment, and mining markets. Stable top-line trends reduce execution risk and provide a base for scaling software, aftermarket, and service revenues over time.

Negative Factors

Profitability deterioration

Eroding profitability signals weakening earnings power and margin pressure. Persistent thin operating margins and a 2025 loss constrain reinvestment, reduce buffer for competitive pricing, and may force restructuring or efficiency measures to restore sustainable returns.

Volatile free cash flow

Unstable free cash flow complicates long-term planning: it limits predictable funding for capex, product development, and aftermarket scaling. Intermittent FCF increases reliance on balance-sheet reserves and could delay strategic investments or slow commercial expansion.

Falling returns on equity

Material decline in ROE indicates worsened capital efficiency and weaker payout capacity. If persistent, low returns make it harder to justify reinvestment, attract capital, or generate shareholder value without structural margin improvement or higher revenue quality.

Guideline Geo AB Business Overview & Revenue Model

Company Description

Guideline Geo AB (publ), through its subsidiaries, provides sensors, software, services, and support for mapping and visualizing the subsurface for use in detecting and mapping groundwater, environmental and geological risk assessments, infrastructure site investigations, and mineral exploration worldwide. The company offers ABEM Terrameter LS 2, a resistivity/IP meter; ABEM Terraloc Pro, a versatile seismograph; ABEM WalkTEM, a tool for surveys in the geological near-surface; and ABEM Terrameter SAS 1000, a geophysical instrument for multiple applications. It also provides MALÅ Easy Locator Pro WideRange HDR, a ground penetrating radar solution for use in utility detection; MALÅ Easy Locator HDR, which offers various ways of obtaining information about the location and depth of buried objects, such as pipes, cables, and other utilities; MALÅ Easy Locator Pro, a GPR solution that provides a choice for utility mapping; MALÅ ConcreteExplorer, a GPR system designed for the non-destructive investigation and imaging of concrete and other man-made structures; MALÅ GroundExplorer, an integrated GPR solution with a range of antenna options and measuring devices; MALÅ ProfessionalExplorer, a control unit coupled with the MALÅ XV Monitor for detecting subsurface targets and geological layers; and MALÅ Imaging Radar Array, a one-pass 3D system for large scale mapping and subsurface object identification. The company was formerly known as Guideline Technology AB (publ) and changed its name to Guideline Geo AB (publ) in June 2013. Guideline Geo AB (publ) is headquartered in Sundbyberg, Sweden.

How the Company Makes Money

Guideline Geo AB (GGEO) generates revenue through the sale of its geophysical instruments and software solutions. The company offers a portfolio of products that cater to various industries, including environmental studies, infrastructure development, and energy exploration. In addition to direct sales, Guideline Geo may also engage in service contracts and consultancy work, providing expertise and support for geophysical projects. Partnerships with industry stakeholders and research institutions may further contribute to revenue by facilitating collaborative projects and technology advancements. The company's focus on innovation and the development of cutting-edge geophysical tools positions it to meet the demands of clients seeking efficient and reliable subsurface investigation solutions.

Guideline Geo AB Financial Statement Overview

Summary

Strong solvency with very low leverage supports stability (high balance sheet score), but profitability deteriorated into a small net loss in 2025 and operating margins are thin. Operating cash flow remains positive and improved in 2025, yet free cash flow has been volatile and appears stalled in 2025.

Income Statement

Revenue has grown over the cycle (2020–2025 annual), including a rebound in 2025 (+2.6%) after a decline in 2024 (-8.2%). However, profitability has become much less consistent: the company moved from solid profits in 2022–2024 (net margin ~3.2% to ~7.3% and positive operating margins) to a small net loss in 2025 (net margin ~-0.2%) with very thin operating profitability (~1.1%). Overall, the top line looks relatively stable, but earnings power has clearly weakened recently.

Balance Sheet

The balance sheet looks conservatively financed with very low leverage overall (zero debt in most years; modest debt in 2024 with low debt vs equity). Equity has remained sizable and relatively steady (~112M to ~137M), supporting financial flexibility. The main weakness is returns: returns on equity were strong in 2020 and improved again in 2023, but fell materially in 2024 and are effectively absent in 2025 due to the loss, signaling weaker efficiency despite the solid capital base.

Cash Flow

Operating cash flow is positive in most years and improved in 2025 versus 2024 (about 14.1M vs 12.3M), which is a clear positive despite the net loss. That said, free cash flow has been volatile—positive in 2022–2024 but negative in 2020–2021, and it drops to 0 in 2025 per the provided data (with -100% growth), suggesting either heavier investment needs or reduced cash conversion. Overall cash generation is present, but consistency and reinvestment pressure are concerns.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	200.82M	185.00M	201.42M	173.18M	141.93M
Gross Profit	1.31M	130.37M	137.17M	112.30M	89.83M
EBITDA	19.18M	20.98M	29.89M	22.54M	9.60M
Net Income	-405.00K	3.30M	14.80M	5.53M	-1.38M
Balance Sheet
Total Assets	166.32M	168.43M	172.94M	148.04M	143.48M
Cash, Cash Equivalents and Short-Term Investments	17.30M	19.34M	22.02M	18.11M	11.24M
Total Debt	0.00	6.75M	0.00	0.00	0.00
Total Liabilities	30.71M	31.01M	39.66M	29.41M	31.71M
Stockholders Equity	135.61M	137.42M	133.27M	118.62M	111.77M
Cash Flow
Free Cash Flow	0.00	12.33M	13.11M	6.42M	-19.26M
Operating Cash Flow	14.07M	12.33M	17.19M	16.50M	-3.12M
Investing Cash Flow	-13.26M	-22.27M	-13.34M	-10.07M	-16.13M
Financing Cash Flow	-2.25M	6.75M	0.00	0.00	1.00K

Guideline Geo AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GGEO, the sentiment is Positive. The current price of 10 is above the 20-day moving average (MA) of 9.43, above the 50-day MA of 9.83, and above the 200-day MA of 9.52, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 49.87 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:GGEO.

Guideline Geo AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GGEO	52 Neutral	kr98.78M	-195.09	1.33%	―	2.20%	50.91%
FLEXQ	50 Neutral	kr265.40M	-5.47	―	―	-4.14%	23.99%
BOMILL	44 Neutral	kr62.97M	-6.08	-110.39%	―	-65.29%	-33.93%
IMPC	44 Neutral	kr146.78M	-2.70	―	―	―	―
OPTI	41 Neutral	kr171.66M	-15.94	―	―	140.86%	34.21%