Minesto AB (SE:MINEST)
:MINEST
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Minesto AB
(MINEST)
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Rating:47Neutral
Price Target:
kr0.69
▼(-3.52% Downside)
Action:ReiteratedDate:03/14/26
The score is held down primarily by deteriorated financial performance (near-zero recent revenue, ongoing losses, and negative free cash flow) and weak valuation support (negative P/E, no dividend). Technicals provide a partial offset via improving short-term momentum, but overbought signals and a weak long-term trend limit the upside.
Positive Factors
Conservative balance sheet / low leverage
Very low reported debt and a sizable equity base materially reduce solvency and refinancing risk for a capital‑intensive developer. This structural strength gives management runway to progress demonstrations and secure project financing without immediate pressure to repay large borrowings.
Negative Factors
Revenue collapse to near-zero
A structural loss of commercial revenue severs the primary path to sustainable profitability. Near‑zero sales mean the business must prove project economics anew, increasing reliance on grants or equity, delaying scale benefits and making milestone execution critical to long‑term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Very low reported debt and a sizable equity base materially reduce solvency and refinancing risk for a capital‑intensive developer. This structural strength gives management runway to progress demonstrations and secure project financing without immediate pressure to repay large borrowings.
Read all positive factors
Minesto AB (MINEST) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr180.78M
Dividend YieldN/A
Average Volume (3M)2.66M
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue Growth-100.00%
EPS Growth31.68%
CountrySE
Employees48
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-0.03
Shares Outstanding260,111,600
10 Day Avg. Volume7,072,954
30 Day Avg. Volume2,663,807
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)0.25
Price to Sales (P/S)0.00
P/FCF Ratio-10.92
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)N/A
Minesto AB Business Overview & Revenue Model
Company Description
Minesto AB (publ), together with its subsidiaries, operates as a marine energy developer in Sweden, Wales, Northern Ireland, and Taiwan. Its Deep Green technology produces electricity from slow tidal streams and ocean currents through a turbine. T...
How the Company Makes Money
Minesto’s revenues, when generated, are primarily expected to come from commercializing its marine energy technology through project and technology delivery rather than from selling mass-market consumer products. Key revenue streams include: (1) S...
Minesto AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.23M | 0.00 | 75.00K | 391.00K | 42.82M | 38.76M |
| Gross Profit | 1.07M | -252.00K | 25.71M | 41.78M | 85.64M | 77.53M |
| EBITDA | -33.31M | -38.52M | -35.79M | -26.78M | -22.21M | -18.58M |
| Net Income | -34.73M | -36.63M | -36.10M | -27.12M | -84.44M | -14.93M |
Balance Sheet | ||||||
| Total Assets | 597.81M | 652.60M | 586.19M | 552.14M | 486.18M | 559.50M |
| Cash, Cash Equivalents and Short-Term Investments | 30.24M | 67.57M | 34.89M | 15.16M | 34.58M | 150.89M |
| Total Debt | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K |
| Total Liabilities | 35.16M | 22.24M | 17.54M | 29.40M | 32.83M | 21.75M |
| Stockholders Equity | 562.66M | 630.36M | 568.65M | 522.75M | 453.34M | 537.75M |
Cash Flow | ||||||
| Free Cash Flow | -18.97M | -14.18M | -62.54M | -116.74M | -116.77M | -94.87M |
| Operating Cash Flow | -18.64M | -14.18M | -10.22M | -16.20M | -36.58M | -20.41M |
| Investing Cash Flow | -42.95M | -29.50M | -52.29M | -100.54M | -80.18M | -74.45M |
| Financing Cash Flow | 15.94M | 76.68M | 81.95M | 96.73M | 0.00 | 140.26M |
Minesto AB Technical Analysis
Negative
0.71
Price Trends
0.65
Positive
0.74
Negative
1.84
Negative
Market Momentum
0.02
Positive
49.21
Neutral
62.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:MINEST, the sentiment is Negative. The current price of 0.71 is below the 20-day moving average (MA) of 0.73, above the 50-day MA of 0.65, and below the 200-day MA of 1.84, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 49.21 is Neutral, neither overbought nor oversold. The STOCH value of 62.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:MINEST.
Minesto AB Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
49 Neutral | kr2.09B | -4.53 | -9.16% | ― | -3.20% | -2418.83% | |
47 Neutral | kr180.78M | -4.23 | -5.97% | ― | -100.00% | 31.68% | |
43 Neutral | kr105.21M | -1.01 | -47.34% | ― | -36.89% | 33.50% |
* Utilities Sector Average
SE:MINEST
Minesto AB
0.70
-0.82
-54.00%
SE:ORRON
Orron Energy
7.36
3.27
79.95%
SE:CLIME.B
Climeon AB
2.06
-0.63
-23.42%
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.