INVISIO AB (SE:IVSO)
:IVSO
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INVISIO AB
(IVSO)
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Rating:60Neutral
Price Target:
kr259.00
▼(-5.65% Downside)
Action:Downgraded
Date:05/09/26
The score is supported mainly by strong underlying financial quality (healthy margins/returns and very low leverage), but is held back by weak technical momentum (price below all key moving averages with negative MACD) and a demanding valuation (very high P/E) alongside recent deterioration in cash flow conversion.
Positive Factors
Low leverage / strong capital base
Very low debt-to-equity (~0.06) and a capital structure dominated by equity give INVISIO durable financial flexibility. This reduces refinancing and interest-rate risk, supports investment in product development or tender-backed production, and preserves resilience through procurement cycles.
Negative Factors
Weakened cash conversion & FCF decline
Operating cash conversion has deteriorated (OCF ~68% of net income) and FCF fell sharply (~-37% TTM), signaling working-capital or investment drag. Persistent conversion weakness can limit funding for R&D, capex or tender-backed production without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong capital base
Very low debt-to-equity (~0.06) and a capital structure dominated by equity give INVISIO durable financial flexibility. This reduces refinancing and interest-rate risk, supports investment in product development or tender-backed production, and preserves resilience through procurement cycles.
Read all positive factors
INVISIO AB (IVSO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr11.63B
Dividend Yield0.87%
Average Volume (3M)106.13K
Price to Earnings (P/E)103.7
Beta (1Y)1.08
Revenue Growth-0.03%
EPS Growth-25.45%
CountrySE
Employees294
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)4.83
Shares Outstanding46,179,634
10 Day Avg. Volume136,424
30 Day Avg. Volume106,133
Financial Highlights & Ratios
PEG Ratio-1.87
Price to Book (P/B)10.35
Price to Sales (P/S)6.99
P/FCF Ratio65.83
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)8.1
Revenue Forecast (FY)kr2.21B
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 offe...
How the Company Makes Money
INVISIO makes money primarily by selling hardware products used for mission-critical communication and hearing protection. The core revenue stream is product sales of in-ear headsets and associated communication components/accessories (e.g., contr...
INVISIO AB Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.83B | 1.74B | 1.81B | 1.24B | 775.50M | 593.00M |
| Gross Profit | 1.03B | 1.01B | 1.01B | 747.30M | 449.80M | 340.40M |
| EBITDA | 376.30M | 377.90M | 463.40M | 285.60M | 96.10M | 52.10M |
| Net Income | 222.50M | 218.10M | 306.40M | 178.40M | 44.50M | 14.50M |
Balance Sheet | ||||||
| Total Assets | 1.65B | 1.61B | 1.42B | 1.05B | 799.90M | 690.00M |
| Cash, Cash Equivalents and Short-Term Investments | 431.40M | 400.30M | 242.40M | 224.90M | 127.10M | 134.80M |
| Total Debt | 73.50M | 74.10M | 36.90M | 37.80M | 89.80M | 119.30M |
| Total Liabilities | 421.00M | 432.90M | 395.00M | 332.60M | 290.00M | 272.50M |
| Stockholders Equity | 1.22B | 1.17B | 1.03B | 720.40M | 509.90M | 417.50M |
Cash Flow | ||||||
| Free Cash Flow | 127.30M | 184.50M | 145.50M | 151.30M | 8.20M | 72.40M |
| Operating Cash Flow | 206.90M | 330.90M | 157.00M | 204.70M | 41.70M | 91.00M |
| Investing Cash Flow | -114.40M | -148.90M | -77.90M | -55.00M | -33.50M | -191.90M |
| Financing Cash Flow | -6.30M | -8.60M | -70.70M | -48.50M | -25.10M | 73.00M |
INVISIO AB Technical Analysis
Positive
274.50
Price Trends
286.33
Positive
278.61
Positive
299.09
Positive
Market Momentum
1.57
Negative
60.92
Neutral
92.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:IVSO, the sentiment is Positive. The current price of 274.5 is above the 20-day moving average (MA) of 267.22, below the 50-day MA of 286.33, and below the 200-day MA of 299.09, indicating a bullish trend. The MACD of 1.57 indicates Negative momentum. The RSI at 60.92 is Neutral, neither overbought nor oversold. The STOCH value of 92.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:IVSO.
INVISIO AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr4.46B | 18.25 | 9.68% | 1.11% | 3.60% | 1.26% | |
72 Outperform | kr28.29B | 32.56 | 12.76% | ― | 9.75% | 50.49% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | kr11.63B | 103.67 | 21.88% | 0.87% | -0.03% | -25.45% | |
49 Neutral | kr251.16M | -8.81 | -5.81% | ― | -8.58% | -159.42% | |
49 Neutral | kr333.82M | -9.00 | 8.68% | ― | -23.66% | -1444.83% | |
43 Neutral | kr454.94M | -7.70 | -52.89% | ― | 18.18% | -30.36% |
* Technology Sector Average
SE:IVSO
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INVISIO AB Corporate Events
INVISIO AGM Approves Dividend, New Board Chair and Capital Mandates
May 6, 2026
INVISIO’s 2026 Annual General Meeting in Stockholm approved all proposals from the board and nomination committee, including the adoption of the 2025 financial statements and a dividend of SEK 3 per share, with the remaining profit carried f...
INVISIO Delivers Record First-Quarter Revenue on Strong Demand for New Tactical Headset Portfolio
May 6, 2026
INVISIO reported its strongest first quarter on record, with revenue climbing 29% year-on-year to SEK 430.5 million as it began initial deliveries of newly launched products including the T30 headset, INVISIO Link wireless solution and H series sm...
INVISIO Schedules Q1 2026 Interim Report Call for Investors and Media
Apr 29, 2026
INVISIO AB has invited media, investors, and analysts to a conference call on May 6 at 15:00 CEST, where CEO Lars Højgård Hansen will present the company’s interim report for January to March 2026, with the report scheduled for pub...
INVISIO Highlights Growth Ambitions and Market Strength in 2025 Annual Report
Apr 7, 2026
INVISIO’s 2025 annual report frames the company as well-positioned for continued profitable growth in a defense and public safety communications market that is projected to expand over multiple years. The report highlights historically stron...
INVISIO Calls 2026 AGM, Offering Both Physical and Postal Voting Options
Mar 31, 2026
INVISIO AB has convened its shareholders to the Annual General Meeting, scheduled for 6 May 2026 in Stockholm, with registration beginning half an hour before the formal start. The company will allow both physical attendance and postal voting, in ...
INVISIO Closes Record Quarter on Strength of Major Defense Contracts
Feb 12, 2026
INVISIO AB strengthened its position in the defense communications market in 2025, securing a five-year framework agreement with the Dutch Ministry of Defense worth up to SEK 365 million and major orders from an existing European customer and the ...
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.