KebNi AB Class B (SE:KEBNI.B)
:KEBNI.B
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KebNi AB Class B
(KEBNI.B)
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Rating:49Neutral
Price Target:
kr1.00
▼(-31.03% Downside)
Action:Reiterated
Date:04/25/26
The score is held back primarily by deteriorating TTM operating performance (revenue decline, margin compression, and losses) despite a supportive low-risk capital structure (no debt) and improved recent cash generation. Technically, indicators are neutral with a negative MACD and the price still below longer-term averages. Valuation is not supportive given the negative P/E and lack of dividend data.
Positive Factors
Conservative balance sheet
A zero-debt capital structure materially lowers financial risk and interest burden, giving management flexibility to fund R&D, absorb contract timing variability, and pursue small acquisitions or customer-funded development without near-term refinancing pressure. This resilience supports operations across industry cycles.
Negative Factors
Recent revenue deterioration
A meaningful TTM revenue decline signals execution or demand challenges that can persist if root causes (loss of customers, contract timing, competitive displacement) remain unaddressed. For a small, product-centric firm, sustained revenue drops reduce scale economics and impede investment in R&D and customer programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A zero-debt capital structure materially lowers financial risk and interest burden, giving management flexibility to fund R&D, absorb contract timing variability, and pursue small acquisitions or customer-funded development without near-term refinancing pressure. This resilience supports operations across industry cycles.
Read all positive factors
KebNi AB Class B (KEBNI.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr348.32M
Dividend YieldN/A
Average Volume (3M)1.61M
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue Growth-23.66%
EPS Growth-1444.83%
CountrySE
Employees25
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.04
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 hardware products and associated services related to inertial sensing and stabilization. Key revenue streams include (1) product sales of IMUs and stabilization solutions to customers such as defense, aerospa...
KebNi AB Class B Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 102.71M | 124.63M | 130.56M | 65.53M | 26.28M | 18.26M |
| Gross Profit | 8.46M | 804.00K | 71.58M | 33.95M | 10.52M | 15.44M |
| EBITDA | -455.00K | 8.63M | 9.56M | -30.07M | -53.38M | -28.77M |
| Net Income | -10.70M | -237.00K | 2.00M | -39.04M | -64.09M | -37.84M |
Balance Sheet | ||||||
| Total Assets | 93.31M | 107.84M | 105.37M | 88.82M | 63.35M | 92.29M |
| Cash, Cash Equivalents and Short-Term Investments | 9.40M | 17.01M | 17.58M | 20.93M | 11.29M | 15.14M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.00M |
| Total Liabilities | 31.80M | 37.29M | 42.24M | 29.90M | 19.84M | 30.47M |
| Stockholders Equity | 61.51M | 70.55M | 63.13M | 58.91M | 43.50M | 61.82M |
Cash Flow | ||||||
| Free Cash Flow | 9.92M | 7.52M | -2.64M | -42.29M | -38.56M | -42.40M |
| Operating Cash Flow | 13.33M | 8.49M | 7.69M | -35.66M | -30.18M | -29.48M |
| Investing Cash Flow | -16.27M | -14.51M | -11.02M | -6.66M | -7.34M | -12.36M |
| Financing Cash Flow | 5.48M | 5.44M | 0.00 | 51.97M | 33.67M | 46.91M |
KebNi AB Class B Technical Analysis
Positive
1.45
Price Trends
1.22
Positive
1.42
Negative
1.71
Negative
Market Momentum
0.01
Negative
53.75
Neutral
61.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:KEBNI.B, the sentiment is Positive. The current price of 1.45 is above the 20-day moving average (MA) of 1.25, above the 50-day MA of 1.22, and below the 200-day MA of 1.71, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 53.75 is Neutral, neither overbought nor oversold. The STOCH value of 61.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | kr522.92M | 21.07 | 8.82% | ― | 17.19% | 17455.22% | |
62 Neutral | kr370.94M | -519.64 | ― | ― | 12.10% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | kr109.74M | -1.01 | -24.59% | ― | -65.31% | -56.81% | |
49 Neutral | kr348.32M | -9.00 | 8.68% | ― | -23.66% | -1444.83% | |
49 Neutral | kr565.41M | -7.70 | -52.89% | ― | 18.18% | -30.36% | |
46 Neutral | kr256.80M | -8.81 | -5.81% | ― | -8.58% | -159.42% |
* Technology Sector Average
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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.