Ovzon AB (SE:OVZON)
:OVZON
Top Page
Ovzon AB
(OVZON)
Select Model
Select Model
Rating:67Neutral
Price Target:
kr67.00
▲(76.32% Upside)
Action:ReiteratedDate:02/20/26
The score is primarily supported by the strong technical uptrend and a materially improved 2025 financial profile (profitability and free cash flow). Offsetting this, valuation is demanding with a high P/E, and the financial turnaround still needs to prove consistency after several volatile years.
Positive Factors
Mission-critical market niche
Serving government, defense and emergency-response clients positions Ovzon in a structurally durable niche with high service reliability and security requirements. These end markets favor long-term contracts, higher switching costs and certification barriers, supporting stable demand and pricing power over multiple years.
Negative Factors
Volatile historical earnings
The firm’s earnings history is highly cyclical, with several recent years of sizeable losses before the 2025 rebound. Such volatility undermines forecast reliability, increases the risk that a single-year recovery proves transient, and complicates long-term planning for contracts, capacity commitments and investor confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Mission-critical market niche
Serving government, defense and emergency-response clients positions Ovzon in a structurally durable niche with high service reliability and security requirements. These end markets favor long-term contracts, higher switching costs and certification barriers, supporting stable demand and pricing power over multiple years.
Read all positive factors
Ovzon AB (OVZON) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr6.47B
Dividend YieldN/A
Average Volume (3M)426.86K
Price to Earnings (P/E)34.7
Beta (1Y)0.39
Revenue Growth77.67%
EPS Growth68.35%
CountrySE
Employees38
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.80
Shares Outstanding111,530,520
10 Day Avg. Volume494,827
30 Day Avg. Volume426,856
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)2.66
Price to Sales (P/S)6.47
P/FCF Ratio15.91
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)2.4
Revenue Forecast (FY)kr1.05B
Ovzon AB Business Overview & Revenue Model
Company Description
Ovzon AB (publ) provides satellite based mobile broadband services in Sweden. It serves government, media, defense, maritime, emergency services, NGOs, and aviation segments. The company was founded in 2006 and is based in Solna, Sweden....
How the Company Makes Money
Ovzon makes money primarily by selling satellite connectivity and related services to customers that need reliable, high-performance communications in locations where terrestrial networks are limited or unavailable. Key revenue streams include: (1...
Ovzon AB Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
68
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 735.00M | 334.00M | 290.00M | 356.99M | 191.38M |
| Gross Profit | 131.00M | 162.00M | 85.00M | 124.69M | 24.60M |
| EBITDA | 282.00M | 7.00M | -37.00M | -12.62M | -74.07M |
| Net Income | 137.00M | -162.00M | -60.00M | -36.19M | -83.85M |
Balance Sheet | |||||
| Total Assets | 2.82B | 2.77B | 2.54B | 1.92B | 1.85B |
| Cash, Cash Equivalents and Short-Term Investments | 171.00M | 126.00M | 247.00M | 275.61M | 406.08M |
| Total Debt | 436.00M | 775.00M | 657.00M | 478.05M | 323.67M |
| Total Liabilities | 1.03B | 1.18B | 765.00M | 528.85M | 403.05M |
| Stockholders Equity | 1.79B | 1.59B | 1.78B | 1.39B | 1.45B |
Cash Flow | |||||
| Free Cash Flow | 299.00M | -108.00M | -689.00M | -275.26M | -349.74M |
| Operating Cash Flow | 337.00M | 51.00M | -14.00M | -112.16M | -75.93M |
| Investing Cash Flow | -49.00M | -158.00M | -668.00M | -150.65M | -273.81M |
| Financing Cash Flow | -243.00M | -17.00M | 651.00M | 101.51M | 558.62M |
Ovzon AB Technical Analysis
Neutral
38.00
Price Trends
55.85
Positive
45.68
Positive
42.61
Positive
Market Momentum
1.63
Positive
49.38
Neutral
22.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:OVZON, the sentiment is Neutral. The current price of 38 is below the 20-day moving average (MA) of 59.59, below the 50-day MA of 55.85, and below the 200-day MA of 42.61, indicating a neutral trend. The MACD of 1.63 indicates Positive momentum. The RSI at 49.38 is Neutral, neither overbought nor oversold. The STOCH value of 22.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:OVZON.
Ovzon AB Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr11.89B | 55.69 | 21.88% | 0.87% | 5.69% | 4.82% | |
67 Neutral | kr6.47B | 34.72 | -1.33% | ― | 77.67% | 68.35% | |
66 Neutral | kr131.85B | 23.36 | 21.35% | 4.15% | 0.51% | 14.15% | |
61 Neutral | kr179.95B | -29.60 | 10.93% | 5.14% | -5.76% | -10.05% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | kr17.40B | 121.04 | 0.88% | ― | -1.62% | 94.01% |
* Communication Services Sector Average
SE:OVZON
Ovzon AB
58.00
30.50
110.91%
SE:TEL2.B
Tele2 AB
189.80
63.37
50.12%
SE:SINCH
Sinch AB
22.56
0.54
2.45%
SE:TELIA
Telia Company AB
46.95
13.22
39.21%
SE:IVSO
INVISIO AB
257.50
-138.03
-34.90%
Ovzon AB Corporate Events
Ovzon convenes 2026 AGM, seeks mandate on capital and incentives
Mar 23, 2026
Ovzon AB has called its Annual General Meeting for 23 April 2026 at the company’s Solna headquarters, inviting shareholders registered with Euroclear Sweden by 15 April to participate in person or via proxy. The notice outlines formal attend...
Ovzon moves to strengthen board with cybersecurity and defense expertise
Mar 20, 2026
Ovzon’s Nomination Committee has proposed cybersecurity and defense experts Christopher Ahlberg and Harri Larsson as new board members ahead of the company’s 2026 Annual General Meeting. Ahlberg brings deep experience from founding ana...
Ovzon Wins USD 1.3 Million SATCOM Order From Long-Standing U.S. Defense Client
Mar 13, 2026
Ovzon has secured a three-month, USD 1.3 million order via SES Space Defense to deliver SATCOM services and technical support to the U.S. Department of War, with service starting immediately. The contract underscores Ovzon’s role in supplyi...
Ovzon posts strong 2025 turnaround as NATO and FMV deals boost satellite order book
Feb 19, 2026
Ovzon AB reported a sharp improvement in profitability for 2025, with full‑year revenue more than doubling to 735 MSEK and EBITDA turning positive to 291 MSEK after breaking even the previous year. Operating profit swung to 140 MSEK from a l...
Ovzon schedules webcast for 2025 year-end results
Feb 12, 2026
Ovzon will publish its year-end report for 2025 on 19 February 2026 at 08:00 CET, followed by a webcast telephone conference at 10:00 CET led by CEO Per Norén and CFO André Löfgren. The English-language presentation, with questions ...
Ovzon adjusts share capital to fund long-term incentive programs
Jan 30, 2026
Ovzon AB has increased its total number of shares and votes through the issuance of 764,178 C-shares during January 2026, raising its share capital by SEK 76,418. These C-shares were immediately repurchased by the company and are intended to serve...
Ovzon strengthens leadership as satellite veteran Martin Eriksson becomes CTO
Jan 20, 2026
Ovzon AB has appointed long-time executive Martin Eriksson as its new Chief Technology Officer and member of Group Management, effective immediately, emphasizing continuity in technical leadership as the company scales its satellite communications...
Ovzon Issues and Repurchases C-Shares to Fund Long-Term Incentive Programs
Jan 9, 2026
Ovzon AB’s board has resolved, under existing AGM authorization, to conduct a directed issue of 764,178 C-shares linked to its long-term incentive programs LTIP 2024 and LTIP 2025, all of which will be subscribed by Danske Bank at par value,...
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.