Midsummer AB (MIDS) AI Stock Analysis

• Market Cap: €770.86M
• Dividend Yield: N/A
• Average Volume (3M): 751.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: 112.08%
• EPS Growth: 75.28%
• Country: SE
• Employees: 127
• Sector: Technology
• Sector Strength: 88
• Industry: Solar
• EPS (TTM): -0.07
• Shares Outstanding: 337,358,500
• 10 Day Avg. Volume: 1,001,524
• 30 Day Avg. Volume: 751,278
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: kr2.50 ▼(-3.10% Downside)

Midsummer AB's overall stock score is primarily impacted by its weak financial performance, characterized by significant profitability and cash flow challenges. Technical analysis provides a slightly more positive outlook, but valuation remains a concern due to negative earnings. The absence of earnings call insights and corporate events means these factors do not influence the score.

Midsummer AB Business Overview & Revenue Model

Company Description

Midsummer AB (MIDS) is a Swedish company specializing in the design and production of innovative solar energy solutions, particularly lightweight and flexible solar panels. Operating primarily in the renewable energy sector, MIDS focuses on providing sustainable energy solutions for residential, commercial, and industrial applications. The company aims to facilitate the transition to a greener energy landscape by offering high-efficiency solar products that are easy to install and integrate into various environments.

How the Company Makes Money

Midsummer AB generates revenue primarily through the sale of its solar panel products, which are marketed to both individual consumers and businesses seeking to adopt renewable energy solutions. The company’s revenue model includes direct sales, licensing of its technology, and potential partnerships with construction firms and energy providers to incorporate its solar solutions into larger projects. Key revenue streams also stem from ongoing maintenance services and support for installed systems, as well as potential government incentives for renewable energy adoption that may enhance customer purchasing decisions. Strategic partnerships with industry stakeholders further contribute to its market reach and financial performance.

Midsummer AB Financial Statement Overview

Summary

Midsummer AB is facing significant financial challenges, with declining revenues, negative profit margins, and increasing leverage. High debt levels and negative cash flow underscore financial instability, necessitating urgent operational improvements.

Income Statement

The company is experiencing continued revenue decline, with TTM (Trailing-Twelve-Months) revenue down from the previous year. Gross profit margin has deteriorated significantly, and the net profit margin remains deeply negative, indicating ongoing profitability challenges. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The company's balance sheet reveals a high debt-to-equity ratio, indicating potential financial risk due to significant leverage. The equity ratio has decreased over time, suggesting reduced financial stability. Return on equity remains negative, highlighting ongoing profitability issues.

Cash Flow

Cash flow analysis shows negative free cash flow growth, and free cash flow remains negative. The operating cash flow to net income ratio is unfavorable, indicating cash flow challenges. Despite an increase in financing cash flow, this is likely due to increased debt to cover operational needs.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	99.75M	52.08M	49.63M	53.38M	94.41M	71.95M
Gross Profit	23.73M	2.38M	33.77M	-18.11M	27.30M	54.32M
EBITDA	-64.83M	-96.58M	-128.28M	-34.94M	-70.83M	-49.17M
Net Income	-101.72M	-129.45M	-222.21M	-87.83M	-129.51M	-116.35M
Balance Sheet
Total Assets	486.57M	418.06M	517.56M	469.42M	491.24M	520.39M
Cash, Cash Equivalents and Short-Term Investments	53.05M	8.46M	20.52M	2.39M	159.16M	217.61M
Total Debt	196.81M	247.85M	236.51M	235.23M	212.46M	215.63M
Total Liabilities	358.14M	342.78M	322.90M	285.94M	238.28M	264.46M
Stockholders Equity	128.43M	75.29M	194.65M	183.48M	252.96M	255.93M
Cash Flow
Free Cash Flow	-136.96M	-70.77M	-130.64M	-171.17M	-178.74M	-132.69M
Operating Cash Flow	-105.78M	-8.20M	-71.06M	-101.37M	-63.39M	-79.69M
Investing Cash Flow	-21.58M	-62.57M	-63.90M	-69.80M	-115.35M	-53.00M
Financing Cash Flow	84.56M	58.73M	148.45M	13.47M	118.97M	238.59M

Midsummer AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:MIDS, the sentiment is Positive. The current price of 2.58 is above the 20-day moving average (MA) of 2.50, above the 50-day MA of 2.49, and above the 200-day MA of 1.53, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.85 is Neutral, neither overbought nor oversold. The STOCH value of 84.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:MIDS.

Midsummer AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DORO	―	€1.00B	14.60	13.06%	―	-3.12%	43.26%
EG7	―	kr1.57B	―	―	―	5.10%	-623.00%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ADVE	―	kr670.35M	28.43	22.29%	0.59%	27.79%	307.99%
SIVE	―	€1.10B	-7.14	-11.60%	―	24.53%	36.25%
MIDS	―	€770.86M	―	-85.33%	―	112.08%	75.28%
SOLT	―	€542.35M	―	-43.66%	―	-19.50%	-141.89%