Ovzon AB (SE:OVZON)
:OVZON
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Ovzon AB
(OVZON)
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Rating:70Outperform
Price Target:
kr57.00
â–²(50.00% Upside)
Action:Upgraded
Date:04/24/26
The score is driven primarily by sharply improved TTM profitability, growth, and positive free cash flow alongside a stronger balance sheet. Technicals also support the view with price above key moving averages and positive MACD. Valuation is the main offset, with a mid-range P/E and no dividend yield.
Positive Factors
Profitability inflection
The company shows a durable earnings turnaround with high TTM margins and double-digit revenue growth, indicating product-market fit and scalable service delivery. Sustained margins at scale support reinvestment in network capacity and managed services, strengthening long-term cash generation.
Negative Factors
Historical cash/margin volatility
Past swings in margins and cash flows indicate the business is sensitive to contract mix, capacity costs and timing of large investments. That variability can re-emerge as contracts reset or capacity pricing changes, making future free cash flow and margins less predictable over 2-6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability inflection
The company shows a durable earnings turnaround with high TTM margins and double-digit revenue growth, indicating product-market fit and scalable service delivery. Sustained margins at scale support reinvestment in network capacity and managed services, strengthening long-term cash generation.
Read all positive factors
Ovzon AB (OVZON) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr5.97B
Dividend YieldN/A
Average Volume (3M)426.86K
Price to Earnings (P/E)21.6
Beta (1Y)0.42
Revenue Growth152.09%
EPS GrowthN/A
CountrySE
Employees38
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)1.89
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)2.28
Revenue Forecast (FY)kr1.04B
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 by selling satellite-based connectivity and related services as an integrated offering. Its main revenue stream is service revenue from providing broadband communication services (connectivity) delivered over satellite, typically...
Ovzon AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 905.00M | 735.00M | 334.00M | 290.00M | 356.99M | 191.38M |
| Gross Profit | 403.00M | 131.00M | 162.00M | 85.00M | 124.69M | 24.60M |
| EBITDA | 424.00M | 282.00M | 7.00M | -37.00M | -12.62M | -74.07M |
| Net Income | 210.00M | 137.00M | -162.00M | -60.00M | -36.19M | -83.85M |
Balance Sheet | ||||||
| Total Assets | 2.52B | 2.82B | 2.77B | 2.54B | 1.92B | 1.85B |
| Cash, Cash Equivalents and Short-Term Investments | 89.00M | 171.00M | 126.00M | 247.00M | 275.61M | 406.08M |
| Total Debt | 280.00M | 436.00M | 775.00M | 657.00M | 478.05M | 323.67M |
| Total Liabilities | 668.00M | 1.03B | 1.18B | 765.00M | 528.85M | 403.05M |
| Stockholders Equity | 1.85B | 1.79B | 1.59B | 1.78B | 1.39B | 1.45B |
Cash Flow | ||||||
| Free Cash Flow | 311.00M | 299.00M | -108.00M | -689.00M | -275.26M | -349.74M |
| Operating Cash Flow | 346.00M | 337.00M | 51.00M | -14.00M | -112.16M | -75.93M |
| Investing Cash Flow | -43.00M | -49.00M | -158.00M | -668.00M | -150.65M | -273.81M |
| Financing Cash Flow | -381.00M | -243.00M | -17.00M | 651.00M | 101.51M | 558.62M |
Ovzon AB Technical Analysis
Neutral
38.00
Price Trends
57.00
Negative
53.51
Negative
44.63
Positive
Market Momentum
-1.37
Positive
44.62
Neutral
32.26
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 56.22, below the 50-day MA of 57.00, and below the 200-day MA of 44.63, indicating a neutral trend. The MACD of -1.37 indicates Positive momentum. The RSI at 44.62 is Neutral, neither overbought nor oversold. The STOCH value of 32.26 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | kr5.97B | 21.63 | -1.33% | ― | 152.09% | ― | |
67 Neutral | kr129.92B | 5.29 | 21.35% | 4.15% | 1.36% | 158.44% | |
67 Neutral | kr192.02B | 28.50 | 10.93% | 5.14% | -7.93% | -33.52% | |
63 Neutral | kr29.63B | 44.42 | 0.88% | ― | -8.44% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | kr11.54B | 103.67 | 21.88% | 0.87% | -0.03% | -25.45% |
* Communication Services Sector Average
SE:OVZON
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Ovzon AB Corporate Events
Ovzon AGM backs new board lineup, share issue mandate and long-term incentive plan
Apr 23, 2026
Ovzon AB’s 2026 annual general meeting approved the company’s income statements, carried forward all available funds instead of paying a dividend, and granted discharge from liability to the board and CEO for the 2025 financial year. S...
Ovzon Delivers Record Q1 Earnings and Launches Next-Gen Satellite Terminal
Apr 23, 2026
Ovzon reported record first-quarter 2026 earnings as it scaled its satellite communications business, with revenue surging to 260 MSEK from 90 MSEK and EBITDA jumping to 120 MSEK from 18 MSEK, driving a turnaround to a 70 MSEK profit. Profitabilit...
Ovzon Unveils Ultra-Compact Ovzon T8 Terminal to Boost Mission-Critical SATCOM
Apr 20, 2026
Ovzon has introduced the Ovzon T8, described as the smallest On-The-Move mobile satellite terminal in its class, designed to deliver high-performance connectivity in a compact, ultra-mobile form factor. The device is aimed at military, civil defen...
Ovzon to Present First-Quarter 2026 Results in Webcasted Conference
Apr 16, 2026
Ovzon AB, a Swedish-listed provider of integrated mobile satellite communications and SATCOM-as-a-Service, serves global defense, national security and public safety customers requiring high-performance, mobile and resilient connectivity. The comp...
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...
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.