INVISIO AB (IVSO) AI Stock Analysis

• Market Cap: €13.76B
• Dividend Yield: 0.86%
• Average Volume (3M): 106.13K
• Price to Earnings (P/E): 64.9
• Beta (1Y): 0.99
• Revenue Growth: 5.69%
• EPS Growth: 4.82%
• Country: SE
• Employees: 294
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): -0.09
• Shares Outstanding: 46,179,634
• 10 Day Avg. Volume: 136,424
• 30 Day Avg. Volume: 106,133
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: kr255.00 ▼(-5.03% Downside)

INVISIO AB's overall stock score reflects strong financial performance, but is weighed down by bearish technical indicators and a high valuation. The lack of earnings call data and corporate events further limits the score.

Positive Factors

Financial Stability

A low debt-to-equity ratio indicates strong financial stability and low leverage risk, providing INVISIO AB with flexibility to invest in growth opportunities without significant financial strain.

Profitability

Strong profitability margins suggest effective cost management and pricing power, which can support sustainable earnings and reinvestment in innovation and market expansion.

Cash Generation

A strong operating cash flow to net income ratio indicates efficient cash generation, allowing INVISIO AB to fund operations, pay down debt, and invest in growth without relying heavily on external financing.

Negative Factors

Revenue Growth Decline

A decline in revenue growth could signal challenges in maintaining sales momentum, potentially impacting future earnings and market share if not addressed through strategic initiatives.

Free Cash Flow Decline

A decline in free cash flow growth may limit INVISIO AB's ability to invest in new projects or technologies, potentially hindering long-term competitiveness and innovation.

High Valuation Concerns

A high valuation relative to earnings could deter value-focused investors and increase pressure to deliver strong financial performance, which may not be sustainable if growth challenges persist.

INVISIO AB Business Overview & Revenue Model

Company Description

INVISIO AB (IVSO) is a Swedish company specializing in advanced communication and hearing protection systems for professional users in demanding environments, such as defense, law enforcement, and security sectors. The company develops high-performance headsets and communication systems that enhance situational awareness and ensure clear communication in noisy environments. INVISIO’s core products include tactical headsets, communication control units, and related accessories designed to meet the needs of military and public safety professionals.

How the Company Makes Money

INVISIO AB generates revenue primarily through the sale of its communication and hearing protection products, which are sold to government agencies, military organizations, and private security firms. The company operates a direct sales model, supported by a network of distributors and partners that expand its reach in various markets. Key revenue streams include product sales, maintenance services, and upgrades for existing systems. INVISIO also benefits from strategic partnerships with defense contractors and technology companies, which can enhance its product offerings and open new market opportunities. The company's focus on innovation and adaptation to changing customer needs is a significant factor contributing to its earnings.

INVISIO AB Financial Statement Overview

Summary

INVISIO AB demonstrates strong profitability with healthy EBIT and EBITDA margins and a robust balance sheet with low leverage. However, the decline in revenue growth and challenges in free cash flow generation are areas of concern.

Income Statement

INVISIO AB's income statement shows strong profitability with a gross profit margin of 58.57% and a net profit margin of 14.79% for the TTM period. However, there is a concern with the revenue growth rate, which has declined by 3.54% in the TTM period. The EBIT and EBITDA margins remain healthy at 20.30% and 23.47%, respectively, indicating efficient operations despite the revenue dip.

Balance Sheet

The balance sheet reflects a solid financial position with a low debt-to-equity ratio of 0.079, suggesting minimal leverage. The return on equity is robust at 25.81%, indicating effective use of equity to generate profits. The equity ratio stands at 72.54%, demonstrating a strong equity base relative to total assets, which enhances financial stability.

Cash Flow

Cash flow analysis reveals a mixed picture. The operating cash flow to net income ratio is strong at 1.25, indicating good cash generation relative to net income. However, free cash flow growth is negative at -11.8%, and the free cash flow to net income ratio is moderate at 0.48, suggesting some challenges in converting income into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.65B	1.81B	1.24B	775.50M	593.00M	532.00M
Gross Profit	952.70M	1.01B	747.30M	449.80M	340.40M	309.10M
EBITDA	340.90M	463.40M	285.60M	96.10M	52.10M	103.40M
Net Income	209.40M	306.40M	178.40M	44.50M	14.50M	61.20M
Balance Sheet
Total Assets	1.42B	1.42B	1.05B	799.90M	690.00M	515.80M
Cash, Cash Equivalents and Short-Term Investments	376.40M	242.40M	224.90M	127.10M	134.80M	157.70M
Total Debt	79.00M	36.90M	37.80M	89.80M	119.30M	23.80M
Total Liabilities	390.30M	395.00M	332.60M	290.00M	272.50M	136.90M
Stockholders Equity	1.03B	1.03B	720.40M	509.90M	417.50M	378.90M
Cash Flow
Free Cash Flow	169.30M	145.50M	151.30M	8.20M	72.40M	60.30M
Operating Cash Flow	305.20M	157.00M	204.70M	41.70M	91.00M	85.60M
Investing Cash Flow	-156.80M	-77.90M	-55.00M	-33.50M	-191.90M	-25.40M
Financing Cash Flow	-8.70M	-70.70M	-48.50M	-25.10M	73.00M	-39.50M

INVISIO AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 268.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 268.5 is above the 20-day moving average (MA) of 259.85, below the 50-day MA of 283.78, and below the 200-day MA of 336.05, indicating a neutral trend. The MACD of -4.03 indicates Negative momentum. The RSI at 48.02 is Neutral, neither overbought nor oversold. The STOCH value of 79.35 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
HMS	65 Neutral	$22.85B	52.20	12.77%	―	13.97%	20.46%
EPEN	62 Neutral	kr3.85B	26.47	9.68%	1.14%	-1.85%	-16.44%
KEBNI.B	62 Neutral	€495.25M	84.58	8.68%	―	9.30%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IVSO	57 Neutral	€13.76B	64.91	21.88%	0.86%	5.69%	4.82%
MAVEN	55 Neutral	€298.98M	―	-5.81%	―	-9.79%	-144.24%
GAPW.B	46 Neutral	€573.71M	―	-52.89%	―	53.78%	19.38%

INVISIO AB Corporate Events

INVISIO Secures SEK 190 Million Order for Communication Systems

INVISIO AB has secured a SEK 190 million order from a European customer for its Intercom and Dismounted Soldier systems, highlighting the growing demand for its communication solutions. This order, set for delivery by Q1 2026, underscores INVISIO’s capability to meet high expectations in challenging conditions and reflects its competitive advantage in inventory management and customer collaboration.

INVISIO AB Strengthens Market Position with Key Defense Agreements

INVISIO AB reported a strong order intake for the third quarter of 2025, highlighted by a significant 10-year framework agreement with the US Coast Guard worth up to SEK 930 million. Despite delivery delays impacting revenue and profitability, the company launched key products like the INVISIO T30 headset and H-series smart hubs, enhancing its position in the defense market. A new agreement with the Dutch Ministry of Defense further bolsters its order book, indicating strategic growth and market expansion.

INVISIO AB Announces Q3 2025 Report Conference Call

INVISIO AB has announced a conference call scheduled for October 23, 2025, where CEO Lars Højgård Hansen will present the Q3 2025 Report. The call will include a presentation and a Q&A session, with a recorded version available online afterward. This event is significant for stakeholders as it provides insights into the company’s quarterly performance and future outlook.

INVISIO Secures Major Framework Agreement with Netherlands MoD

INVISIO AB has secured a framework agreement with the Netherlands Ministry of Defense, potentially valued at SEK 365 million over a period of up to seven years. This agreement, initially set for five years with options for extension, involves the supply of INVISIO’s personal communication systems, including new headsets and control units, marking a significant endorsement of the company’s product investments and enhancing its position in the defense sector.

INVISIO Reports Lower Q3 Revenue Amid Strong Order Book

INVISIO AB announced that its third-quarter revenue and earnings for 2025 will fall short of market expectations due to rescheduled deliveries to customers, although the order intake and order book remain strong. The company experienced a decrease in revenue and EBIT margin, but a robust order intake of SEK 480 million and an increase in the order book by over SEK 180 million highlight the underlying business stability. Despite the short-term impact, INVISIO maintains a positive long-term outlook, driven by favorable market conditions and the need for military modernization, which is expected to fuel significant revenue growth.

INVISIO Secures Major 10-Year Contract with US Coast Guard

INVISIO AB has secured a significant 10-year contract with the US Coast Guard, valued up to SEK 930 million, to provide a wireless communication system for boat crews. This agreement, which includes an initial order of SEK 25 million, positions INVISIO as a key player in enhancing maritime communication capabilities, promising strong growth and reinforcing its market presence in the defense sector.