Maha Energy AB Class A (MAHA.A) AI Stock Analysis

• Market Cap: kr689.69M
• Dividend Yield: N/A
• Average Volume (3M): 203.48K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: 44.25%
• EPS Growth: -39.47%
• Country: SE
• Employees: 25
• Sector: Energy
• Sector Strength: 56
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.37
• Shares Outstanding: 178,444,750
• 10 Day Avg. Volume: 154,309
• 30 Day Avg. Volume: 203,481
• PEG Ratio: 0.00
• Price to Book (P/B): 0.70
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.24
• Enterprise Value/Market Cap: 0.18
• Enterprise Value/Revenue: 4.38
• Enterprise Value/Gross Profit: 96.15
• Enterprise Value/Ebitda: -1.35
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 51 Neutral
• Price Target: kr4.00 ▲(0.76%Upside)

Maha Energy AB's stock reflects a challenging financial environment with poor profitability and cash flow. While the technical analysis presents a neutral position, negative valuation metrics highlight investor concerns. The company's robust equity position mitigates some risks but requires strategic improvements for better financial health and investor confidence.

Maha Energy AB Class A Business Overview & Revenue Model

Company Description

Maha Energy AB Class A (MAHA.A) is a Swedish-based oil and gas company that specializes in the exploration, development, and production of oil and natural gas. The company operates primarily in Brazil, Oman, and the United States, focusing on onshore oil fields. Maha Energy's core services include the acquisition of underperforming assets with potential for increased oil recovery through advanced technology and enhanced recovery techniques.

How the Company Makes Money

Maha Energy AB generates revenue primarily through the sale of crude oil and natural gas extracted from its production sites. Its revenue model revolves around the exploration and development of oil and gas reserves, followed by the extraction and sale of these resources in the global commodities market. The company also invests in improving the efficiency and output of acquired underperforming oil fields through technological enhancements. Significant factors contributing to its earnings include fluctuations in global oil prices, operational efficiencies, and strategic partnerships or joint ventures that enhance resource extraction and market reach.

Maha Energy AB Class A Financial Statement Overview

Summary

Maha Energy AB faces significant financial challenges, with declining revenues and profitability. The strong balance sheet with high equity levels and low debt provides stability, but negative profitability and cash flow issues pose substantial risks. Improvement in operational efficiency and cash flow management is essential.

Income Statement

Maha Energy AB's income statement reflects a challenging year with declining revenues and profitability. The company experienced a negative revenue growth rate of 35.5% from 2023 to 2024. Gross profit margin stands at 15.67% for 2024, down from previous years, indicating reduced efficiency in controlling production costs. The net profit margin is deeply negative at -383.56%, driven by significant net losses. Both EBIT and EBITDA margins are negative, highlighting operational challenges and a need for strategic realignment to improve profitability.

Balance Sheet

The balance sheet of Maha Energy AB shows a strong equity position with an equity ratio of 93.71% in 2024, suggesting solid financial stability. The company has managed to reduce its total debt significantly, resulting in a low debt-to-equity ratio of 0.0035. However, the return on equity is negative due to substantial net losses, which could affect investor confidence. The high equity ratio provides a buffer against financial volatility, but improving profitability is critical for long-term sustainability.

Cash Flow

Cash flow analysis reveals concerns about cash generation and management. The operating cash flow to net income ratio is negative, indicating cash outflow issues relative to earnings. Free cash flow has decreased substantially, with a negative free cash flow to net income ratio suggesting that the company is not generating sufficient cash to cover its obligations. Despite previous strong cash positions, recent declines highlight the need for improved cash management strategies.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.49M	5.23M	12.33M	68.31M	39.02M
Gross Profit	1.33M	361.00K	3.74M	37.52M	17.69M
EBITDA	-43.03M	2.23M	9.57M	2.61M	-3.13M
Net Income	-32.56M	-33.95M	22.93M	21.59M	-10.26M
Balance Sheet
Total Assets	127.75M	201.90M	218.35M	168.11M	124.02M
Cash, Cash Equivalents and Short-Term Investments	96.46M	88.29M	19.52M	25.54M	6.68M
Total Debt	417.00K	34.98M	46.24M	58.94M	40.72M
Total Liabilities	8.02M	47.08M	77.46M	76.69M	68.47M
Stockholders Equity	119.73M	154.82M	140.90M	91.42M	55.56M
Cash Flow
Free Cash Flow	-12.89M	-28.91M	-8.03M	-15.97M	-15.74M
Operating Cash Flow	-9.18M	-12.68M	54.66M	31.00M	18.98M
Investing Cash Flow	-40.47M	92.65M	-62.68M	-46.99M	-33.58M
Financing Cash Flow	-28.93M	-14.41M	6.38M	35.95M	492.00K

Maha Energy AB Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.97
• 50DMA: Positive
• 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:MAHA.A, the sentiment is Negative. The current price of 3.97 is above the 20-day moving average (MA) of 3.84, above the 50-day MA of 3.83, and below the 200-day MA of 5.37, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 52.16 is Neutral, neither overbought nor oversold. The STOCH value of 46.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:MAHA.A.

Maha Energy AB Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAHA.A	51 Neutral	kr689.69M	―	-33.80%	―	44.25%	-39.47%
Sector *	50 Neutral	kr1.05B	-5.27	-15.81%	―	11.31%	-44.27%
ORRON	48 Neutral	kr1.42B	―	-4.49%	―	-21.63%	-49.06%

Maha Energy AB Class A Corporate Events

Maha Energy Launches Share Buy-back Program to Optimize Capital Structure

Maha Energy AB’s Board of Directors has initiated a share buy-back program, authorized by the annual general meeting, to repurchase up to 10% of its shares. This program aims to optimize the company’s capital structure and provide flexibility for acquisitions and incentive programs, with Pareto Securities managing the execution.

Maha Energy AB Announces Extra General Meeting for Strategic Amendments

Maha Energy AB has announced an extra general meeting scheduled for July 16, 2025, where shareholders will discuss amendments to the company’s articles of association, including a potential name change to Maha AB and adjustments to the company’s business objectives. This meeting is significant as it may redefine the company’s strategic direction and corporate identity, impacting its market positioning and stakeholder interests.

Maha Energy Expands Investment Mandate for Diversification

Maha Energy AB has announced plans to expand its investment mandate to become a diversified investment platform, enabling more dynamic capital allocation across various high-potential markets. This strategic shift aims to enhance long-term shareholder value by diversifying its investment portfolio beyond energy and minerals, allowing the company to explore countercyclical sectors and improve profitability and cash flow generation.

Maha Energy AB Holds Annual General Meeting, Approves Key Resolutions

At the Annual General Meeting, Maha Energy AB’s shareholders approved the income statements and balance sheets for 2024, discharged the Board and CEO from liability, and decided not to distribute dividends, opting to carry forward available funds. The meeting also saw the re-election of several board members and the introduction of Carlos Gomez-Lackington to the board. Additionally, the board was authorized to repurchase shares and issue new shares, warrants, and convertible debentures, potentially increasing the share capital by 20%. These resolutions aim to enhance the company’s financial flexibility and strategic positioning.

Maha Energy Reports Q1 2025 Results and Strategic Focus Shift

Maha Energy AB reported a decrease in daily oil production and operating netback for Q1 2025, attributed to natural declines and reduced revenue, though mitigated by lower production costs. The company saw an increase in other income and a net finance gain, with a focus on financial investments in energy and minerals. Subsequent to the quarter, Maha Energy continued its share buy-back program and concluded technical discussions for Venezuelan field development.

Maha Energy to Present Q1 2025 Interim Report

Maha Energy AB announced the release of its Q1 2025 interim report on May 20, 2025, followed by a live webcast presentation by CEO Roberto Marchiori. This event offers stakeholders insights into the company’s recent developments and future prospects, potentially impacting its market positioning and investor relations.