KebNi AB Class B (SE:KEBNI.B)
:KEBNI.B
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KebNi AB Class B
(KEBNI.B)
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Rating:51Neutral
Price Target:
kr1.00
▼(-31.03% Downside)
Action:ReiteratedDate:04/08/26
Overall score reflects a company in financial recovery with improving cash flow and a strong, debt-free balance sheet, but this is tempered by 2025 revenue contraction and gross profit compression. The stock’s technical setup is materially bearish (below key moving averages with negative MACD), and valuation is difficult to support with a negative P/E and no indicated dividend yield.
Positive Factors
Balance Sheet Strength
A debt-free, rising-equity balance sheet provides durable financial flexibility: it reduces solvency risk, preserves borrowing optionality for larger program bids, and enables internal funding of R&D or working capital without reliance on external financing during multi-year defense procurement cycles.
Negative Factors
Revenue & Margin Contraction
An ~11% revenue decline in 2025 combined with sharp gross profit compression signals weakening demand or adverse mix. For a small, program-driven vendor this can meaningfully impair scale economics, reduce ability to fund long-term product development, and make margin recovery dependent on winning new, potentially lumpy contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A debt-free, rising-equity balance sheet provides durable financial flexibility: it reduces solvency risk, preserves borrowing optionality for larger program bids, and enables internal funding of R&D or working capital without reliance on external financing during multi-year defense procurement cycles.
Read all positive factors
KebNi AB Class B (KEBNI.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr306.45M
Dividend YieldN/A
Average Volume (3M)1.61M
Price to Earnings (P/E)―
Beta (1Y)0.79
Revenue Growth9.30%
EPS GrowthN/A
CountrySE
Employees25
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.02
Shares Outstanding273,325,130
10 Day Avg. Volume2,673,263
30 Day Avg. Volume1,613,868
Financial Highlights & Ratios
PEG Ratio18.95
Price to Book (P/B)5.59
Price to Sales (P/S)3.17
P/FCF Ratio52.44
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)0.02
Revenue Forecast (FY)kr169.00M
KebNi AB Class B Business Overview & Revenue Model
Company Description
KebNi AB (publ) develops, manufactures, markets, and sells 4-axes stabilizing VSAT antennas for maritime applications under the KebNi Maritime brand. It also provides inertial sensor systems for measuring movements in three dimensions; and communi...
How the Company Makes Money
KebNi makes money primarily by selling inertial sensing and stabilization products and related services to industrial and defense/security customers. Key revenue streams typically include: (1) product sales of inertial components (e.g., IMUs and r...
KebNi AB Class B Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
74
Positive
Cash Flow
57
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 124.63M | 130.56M | 65.53M | 26.28M | 18.26M |
| Gross Profit | 804.00K | 71.58M | 33.95M | 10.52M | 15.44M |
| EBITDA | 8.63M | 9.56M | -30.07M | -53.38M | -28.77M |
| Net Income | -237.00K | 2.00M | -39.04M | -64.09M | -37.84M |
Balance Sheet | |||||
| Total Assets | 107.84M | 105.37M | 88.82M | 63.35M | 92.29M |
| Cash, Cash Equivalents and Short-Term Investments | 17.01M | 17.58M | 20.93M | 11.29M | 15.14M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 12.00M |
| Total Liabilities | 37.29M | 42.24M | 29.90M | 19.84M | 30.47M |
| Stockholders Equity | 70.55M | 63.13M | 58.91M | 43.50M | 61.82M |
Cash Flow | |||||
| Free Cash Flow | 7.52M | -2.64M | -42.29M | -38.56M | -42.40M |
| Operating Cash Flow | 8.49M | 7.69M | -35.66M | -30.18M | -29.48M |
| Investing Cash Flow | -14.51M | -11.02M | -6.66M | -7.34M | -12.36M |
| Financing Cash Flow | 5.44M | 0.00 | 51.97M | 33.67M | 46.91M |
KebNi AB Class B Technical Analysis
Negative
1.45
Price Trends
1.43
Negative
1.56
Negative
1.88
Negative
Market Momentum
-0.08
Positive
26.89
Positive
12.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:KEBNI.B, the sentiment is Negative. The current price of 1.45 is above the 20-day moving average (MA) of 1.27, above the 50-day MA of 1.43, and below the 200-day MA of 1.88, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 26.89 is Positive, neither overbought nor oversold. The STOCH value of 12.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:KEBNI.B.
KebNi AB Class B Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr395.48M | 4.18 | 8.82% | ― | 14.89% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | kr346.28M | 32.02 | ― | ― | 10.55% | ― | |
51 Neutral | kr306.45M | -22.37 | 8.68% | ― | 9.30% | ― | |
47 Neutral | kr248.54M | -7.50 | -5.81% | ― | -9.79% | -144.24% | |
44 Neutral | kr63.66M | -2.29 | -24.59% | ― | -48.24% | -48.99% | |
43 Neutral | kr427.33M | -8.02 | -52.89% | ― | 53.78% | 19.38% |
* Technology Sector Average
SE:KEBNI.B
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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.