INVISIO AB (IVSO) AI Stock Analysis

• Market Cap: kr14.57B
• Dividend Yield: 0.72%
• Average Volume (3M): 89.61K
• Price to Earnings (P/E): 57.7
• Beta (1Y): 1.01
• Revenue Growth: 12.46%
• EPS Growth: 25.56%
• Country: SE
• Employees: 294
• Sector: Communication Services
• Sector Strength: 80
• Industry: Communication Equipment
• EPS (TTM): 0.69
• Shares Outstanding: 45,590,195
• 10 Day Avg. Volume: 60,172
• 30 Day Avg. Volume: 89,607
• PEG Ratio: 0.57
• Price to Book (P/B): 12.21
• Price to Sales (P/S): 6.95
• P/FCF Ratio: 86.32
• 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: kr435.01
• Price Target Upside: 35.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 57 Neutral
• Price Target: kr332.00 ▲(3.27% Upside)

INVISIO AB's overall stock score is driven by solid financial performance, despite challenges in revenue growth and cash flow. The technical analysis indicates a bearish trend, with the stock trading below key moving averages and nearing oversold conditions. Valuation concerns arise from a high P/E ratio and low dividend yield, suggesting potential overvaluation. These factors collectively result in a moderate stock score.

INVISIO AB Business Overview & Revenue Model

Company Description

Invisio AB (publ) develops and sells personal communication and hearing protection systems for professionals in the defense and military, law enforcement, and security sectors in Sweden, Europe, North America, and internationally. The company offers headsets, control units, intercom systems, accessories and remote push-to-talk units, and cables. Its products are used in high noise and hearing protection applications. The company sells its products under the INVISIO, and Racal Acoustics brands. Invisio AB (publ) markets and sells its products through partners and resellers. The company was formerly known as INVISIO Communications AB (publ) and changed its name to Invisio AB (publ) in June 2010. Invisio AB (publ) was founded in 1999 and is based in Malmö, Sweden.

How the Company Makes Money

INVISIO AB makes money by designing, manufacturing, and selling advanced communication and hearing protection systems. The company's revenue model is largely based on product sales to military, law enforcement, and security organizations. Key revenue streams include direct sales of its communication systems, which consist of headsets and control units. These products are typically sold through contracts with government agencies and defense contractors. INVISIO also benefits from partnerships with key players in the defense and security sectors, which can enhance its market presence and lead to additional sales opportunities. The company invests in research and development to maintain a competitive edge and meet the specific needs of its clients, which also contributes to its revenue generation.

INVISIO AB Financial Statement Overview

Summary

INVISIO AB demonstrates strong revenue growth, profitability, and cash generation. Despite minor challenges in cost management affecting margins, the balance sheet remains stable with low leverage and a strong equity base, indicating a commendable financial position.

Income Statement

INVISIO AB showcases strong revenue growth and profitability. The TTM revenue has increased, and the company maintains robust gross and net profit margins. A minor decline in EBIT and EBITDA margins over the TTM period compared to the previous year suggests some cost management challenges, but overall profitability remains healthy.

Balance Sheet

The balance sheet reflects a solid equity base with a low debt-to-equity ratio, indicating financial stability. The equity ratio is robust, highlighting a strong capital structure. Although total assets have slightly decreased, the company continues to maintain a healthy return on equity, underscoring efficient use of shareholder capital.

Cash Flow

INVISIO AB's cash flow generation is impressive, with significant free cash flow growth and strong operating cash flow relative to net income. The company effectively translates earnings into cash, despite some fluctuations in capital expenditures. The free cash flow to net income ratio is favorable, indicating effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.71B	1.81B	1.24B	775.50M	593.00M	532.00M
Gross Profit	1.00B	1.01B	747.30M	449.80M	340.40M	309.10M
EBITDA	400.80M	463.40M	285.60M	96.10M	52.10M	103.40M
Net Income	252.50M	306.40M	178.40M	44.50M	14.50M	61.20M
Balance Sheet
Total Assets	1.44B	1.42B	1.05B	799.90M	690.00M	515.80M
Cash, Cash Equivalents and Short-Term Investments	315.00M	242.40M	224.90M	127.10M	134.80M	157.70M
Total Debt	81.90M	36.90M	37.80M	89.80M	119.30M	23.80M
Total Liabilities	396.00M	395.00M	332.60M	290.00M	272.50M	136.90M
Stockholders Equity	1.04B	1.03B	720.40M	509.90M	417.50M	378.90M
Cash Flow
Free Cash Flow	169.50M	145.50M	151.30M	8.20M	72.40M	60.30M
Operating Cash Flow	352.00M	157.00M	204.70M	41.70M	91.00M	85.60M
Investing Cash Flow	-183.20M	-77.90M	-55.00M	-33.50M	-191.90M	-25.40M
Financing Cash Flow	38.80M	-70.70M	-48.50M	-25.10M	73.00M	-39.50M

INVISIO AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 321.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:IVSO, the sentiment is Negative. The current price of 321.5 is below the 20-day moving average (MA) of 341.35, below the 50-day MA of 347.30, and below the 200-day MA of 334.47, indicating a bearish trend. The MACD of -11.21 indicates Positive momentum. The RSI at 38.47 is Neutral, neither overbought nor oversold. The STOCH value of 53.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:IVSO.

INVISIO AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$41.49B	-3.65	-10.67%	4.11%	2.78%	-51.02%
IVSO	57 Neutral	kr14.57B	57.72	27.03%	0.72%	12.46%	25.56%
GW3	―	€47.26M	―	-38.42%	―	―	―
96W	―	€52.56M	1,870.00	-6.07%	―	―	―
86M	―	€14.36M	―	-18.50%	―	―	―
KEN	―	€49.85M	606.67	1.24%	―	―	―
NSGB	―	€124.18M	1,735.00	0.15%	―	―	―

INVISIO AB Corporate Events

INVISIO AB Secures Major Order and Updates Financial Targets Amid Strong Q2 Performance

INVISIO AB reported strong performance in the second quarter of 2025, highlighted by a significant order worth SEK 145 million from a new European customer for its personal communication system. The company also updated its operating margin target to achieve an average annual margin of at least 20 percent, reflecting confidence in its growth strategy amid rising defense budgets.

INVISIO AB Updates Operating Margin Target Amid Market Growth

INVISIO AB has updated its financial target for the operating margin, aiming for an average annual operating margin of at least 20 percent over time, an increase from the previous target of more than 15 percent. This adjustment reflects a more active market environment with expected sales growth outpacing cost increases, and stakeholders are advised to consider long-term performance due to potential volatility in defense-related operations.

INVISIO AB Announces Half-Year Report Conference Call

INVISIO AB has announced a conference call scheduled for July 18, 2025, where CEO Lars Højgård Hansen will present the company’s Half-Year Report. This event is significant for stakeholders as it provides insights into the company’s performance and strategic direction, with the presentation and Q&A session offering an opportunity for engagement and understanding of INVISIO’s market positioning.

INVISIO Secures Major SEK 145 Million Order for Soldier Systems

INVISIO AB has secured a significant order worth SEK 145 million from a new European customer for its dismounted soldier systems, which include the newly launched INVISIO X7 in-ear headset and control units. This order highlights INVISIO’s strong market position in providing advanced communication solutions that meet the high expectations of users in critical environments, further expanding its customer network.

INVISIO AB Increases Share Capital Through Stock Option Exercise

INVISIO AB has increased its share capital by SEK 589,440 following the exercise of stock options under its employee stock option program 2022/2025. This capital increase reflects the issuance of 589,440 new shares, raising the total number of shares and votes to 46,179,634. This development is part of INVISIO’s strategy to incentivize employees and align their interests with the company’s growth, potentially enhancing employee engagement and retention.

INVISIO AB Approves Key Financial and Strategic Resolutions at 2025 AGM

INVISIO AB’s Annual General Meeting in Stockholm approved all board and committee proposals, including financial statements for 2024, a shareholder dividend of SEK 2.30 per share, and re-election of board members. The meeting also authorized stock option programs, share issuance, and repurchase, indicating strategic financial maneuvers to enhance shareholder value and operational flexibility.

INVISIO AB Strengthens Market Position with Strategic Acquisition

INVISIO AB’s acquisition of the UltraLYNX™ product line in early 2025 is set to enhance their capabilities in offering integrated soldier systems, reflecting the company’s strategic focus on expanding its product portfolio and addressing a growing market. Despite experiencing volatility in sales and order intake, the company remains well-positioned to capitalize on market opportunities, with a significant increase in the estimated total annual addressable market to SEK 25 billion, driven by market maturity and product development.