Mantex AB (SE:MANTEX)
:MANTEX
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Mantex AB
(MANTEX)
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Rating:49Neutral
Price Target:
kr9.50
▲(45.04% Upside)
Action:ReiteratedDate:04/25/26
The score is held back primarily by very weak financial performance (shrinking revenue, structurally negative margins, and ongoing cash burn with balance-sheet erosion). Technical indicators provide some offset with moderately positive momentum, but valuation remains challenged due to losses and lack of dividend support.
Positive Factors
Focused industry niche
Mantex’s specialization in measurement and optimization for forestry, pulp, sawmills and bioenergy targets industrial customers with ongoing needs for yield and process efficiency. That vertical focus builds domain expertise and technical barriers, supporting durable customer relevance and product fit over months.
Negative Factors
Declining revenue and losses
A ~33% TTM revenue decline combined with deep negative gross/EBITDA/net margins indicates structural demand or execution shortfalls. Sustained revenue contraction impairs scale economics, reduces pricing leverage and limits reinvestment capacity needed to restore growth over a multi‑month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused industry niche
Mantex’s specialization in measurement and optimization for forestry, pulp, sawmills and bioenergy targets industrial customers with ongoing needs for yield and process efficiency. That vertical focus builds domain expertise and technical barriers, supporting durable customer relevance and product fit over months.
Read all positive factors
Mantex AB (MANTEX) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr20.26M
Dividend YieldN/A
Average Volume (3M)3.27K
Price to Earnings (P/E)―
Beta (1Y)0.20
Revenue Growth36.02%
EPS Growth60.76%
CountrySE
Employees10
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-1.72
Shares Outstanding2,169,645
10 Day Avg. Volume1,909
30 Day Avg. Volume3,273
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.14
Price to Sales (P/S)4.52
P/FCF Ratio0.00
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)N/A
Revenue Forecast (FY)kr89.43M
Mantex AB Business Overview & Revenue Model
Company Description
Mantex AB (publ) manufactures and sells industrial X-ray scanners for bioenergy, pulp and paper, research, and other applications in Sweden and internationally. It offers biofuel analyzers that assess the quality of wood-based biofuels and flow sc...
How the Company Makes Money
Mantex makes money primarily by selling measurement and optimization solutions to industrial customers. Its revenue model is centered on: (1) Sales of equipment/systems: income from delivering its measurement systems (installed at customer sites o...
Mantex AB Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
34
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 697.00K | 2.76M | 2.66M | 6.83M | 1.44M | 101.99K |
| Gross Profit | -7.00M | -16.00M | 2.83M | 5.40M | 908.59K | -426.28K |
| EBITDA | -11.83M | -15.60M | -25.16M | -16.43M | -15.24M | -15.93M |
| Net Income | -12.16M | -25.22M | -26.07M | -16.69M | -15.53M | -16.21M |
Balance Sheet | ||||||
| Total Assets | 18.50M | 18.48M | 36.34M | 35.75M | 27.26M | 29.71M |
| Cash, Cash Equivalents and Short-Term Investments | 1.04M | 1.13M | 5.99M | 15.82M | 10.50M | 18.62M |
| Total Debt | 0.00 | 10.00M | 1.70M | 4.15M | 0.00 | 0.00 |
| Total Liabilities | 16.40M | 12.63M | 6.25M | 7.70M | 3.01M | 2.14M |
| Stockholders Equity | 2.10M | 5.84M | 30.09M | 28.05M | 24.24M | 27.57M |
Cash Flow | ||||||
| Free Cash Flow | -8.14M | 0.00 | -25.33M | -16.01M | -17.59M | -17.87M |
| Operating Cash Flow | -8.14M | -10.82M | -25.33M | -16.01M | -17.59M | -17.87M |
| Investing Cash Flow | 0.00 | 0.00 | -8.48M | -3.31M | -2.74M | -703.69K |
| Financing Cash Flow | 7.99M | 5.95M | 23.97M | 24.65M | 12.20M | 33.78M |
Mantex AB Technical Analysis
Positive
6.55
Price Trends
8.20
Positive
7.59
Positive
8.87
Positive
Market Momentum
0.34
Positive
62.54
Neutral
53.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:MANTEX, the sentiment is Positive. The current price of 6.55 is below the 20-day moving average (MA) of 9.25, below the 50-day MA of 8.20, and below the 200-day MA of 8.87, indicating a bullish trend. The MACD of 0.34 indicates Positive momentum. The RSI at 62.54 is Neutral, neither overbought nor oversold. The STOCH value of 53.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:MANTEX.
Mantex AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | kr97.05M | -34.98 | 1.33% | ― | 0.62% | -45.80% | |
49 Neutral | kr20.26M | -1.38 | -146.86% | ― | 36.02% | 60.76% | |
48 Neutral | kr222.01M | -8.29 | ― | ― | -56.92% | -56.82% | |
44 Neutral | kr66.97M | 40.79 | -110.39% | ― | 13.02% | 29.29% | |
44 Neutral | kr932.03M | -12.66 | -39.97% | ― | 10.26% | -1.53% | |
41 Neutral | kr120.52M | -1.78 | ― | ― | 54.10% | -21.33% |
* Industrials Sector Average
SE:MANTEX
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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.