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Ovzon AB
(OVZON)
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Rating:64Neutral
Price Target:
kr42.00
▲(9.95% Upside)
Action:Reiterated
Date:07/18/26
The score is primarily supported by strong recent financial performance—high TTM profitability, improved cash generation, and a conservatively levered balance sheet with declining debt. Offsetting this, technical signals are weak with the stock trading below major moving averages and negative MACD, indicating bearish momentum. Valuation is moderate (P/E ~20.6) with no dividend data to add support.
Positive Factors
Improved Profitability & Margins
Ovzon’s TTM margin profile reflects durable operating leverage and pricing power in high-performance satcom services. Sustained gross and EBIT margins imply the business can absorb capacity and fixed-cost intensity while delivering profitable contracts over multiple quarters, supporting reinvestment and margin durability.
Negative Factors
Historical Earnings Volatility
Recent profitability recovery follows a period of losses and negative cash flow, showing earnings volatility tied to business cycles or contract timing. This history raises the risk that margins and cash generation could reverse if contract cadence, pricing, or capacity costs deteriorate, limiting predictability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability & Margins
Ovzon’s TTM margin profile reflects durable operating leverage and pricing power in high-performance satcom services. Sustained gross and EBIT margins imply the business can absorb capacity and fixed-cost intensity while delivering profitable contracts over multiple quarters, supporting reinvestment and margin durability.
Read all positive factors
Ovzon AB (OVZON) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr4.32B
Dividend YieldN/A
Average Volume (3M)426.86K
Price to Earnings (P/E)18.4
Beta (1Y)0.56
Revenue Growth114.85%
EPS GrowthN/A
CountrySE
Employees49
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)2.05
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 ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.17
Revenue Forecast (FY)kr1.02B
Ovzon AB Business Overview & Revenue Model
Company Description
Ovzon AB (publ), established in 2006 and headquartered in Solna, Sweden, specializes in delivering satellite-enabled mobile broadband services primarily within the Swedish market. The company's advanced connectivity solutions cater to a diverse ar...
How the Company Makes Money
Ovzon makes money primarily by selling satellite connectivity and related services to customers that require reliable broadband in locations where terrestrial networks are unavailable, unreliable, or insecure.
Key revenue streams include:
- Manag...
Ovzon AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 984.00M | 735.00M | 334.00M | 290.00M | 356.99M | 191.38M |
| Gross Profit | 444.00M | 143.00M | 162.00M | 85.00M | 124.69M | 24.60M |
| EBITDA | 437.00M | 282.00M | 7.00M | -37.00M | -12.62M | -74.07M |
| Net Income | 229.00M | 137.00M | -162.00M | -60.00M | -36.19M | -83.85M |
Balance Sheet | ||||||
| Total Assets | 2.55B | 2.82B | 2.77B | 2.54B | 1.92B | 1.85B |
| Cash, Cash Equivalents and Short-Term Investments | 155.00M | 171.00M | 126.00M | 247.00M | 275.61M | 406.08M |
| Total Debt | 271.00M | 436.00M | 775.00M | 657.00M | 478.05M | 323.67M |
| Total Liabilities | 663.00M | 1.03B | 1.18B | 765.00M | 528.85M | 403.05M |
| Stockholders Equity | 1.88B | 1.79B | 1.59B | 1.78B | 1.39B | 1.45B |
Cash Flow | ||||||
| Free Cash Flow | 479.00M | 299.00M | -107.00M | -689.00M | -275.26M | -349.74M |
| Operating Cash Flow | 511.00M | 337.00M | 52.00M | -14.00M | -112.16M | -75.93M |
| Investing Cash Flow | -39.00M | -49.00M | -158.00M | -668.00M | -150.65M | -273.81M |
| Financing Cash Flow | -391.00M | -243.00M | -17.00M | 651.00M | 101.51M | 558.62M |
Ovzon AB Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr113.91B | 11.01 | 42.66% | 5.14% | 1.82% | 142.95% | |
68 Neutral | kr10.48B | 42.38 | 21.66% | 1.46% | 12.36% | -2.60% | |
64 Neutral | kr4.32B | 18.37 | 12.70% | ― | 114.85% | ― | |
61 Neutral | kr31.77B | 72.01 | 1.99% | ― | -6.20% | ― | |
61 Neutral | kr167.15B | 34.17 | 9.48% | 4.49% | -4.06% | 14.70% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
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Ovzon AB Corporate Events
Ovzon boosts earnings and wins new NATO SATCOM orders
Jul 17, 2026
Ovzon AB reported strong financial performance for the first half of 2026, with revenue nearly doubling to 505 MSEK and EBITDA rising to 207 MSEK, supported by higher margins and a sharp improvement in cash flow from operating activities. The comp...
Ovzon Wins 36 MSEK Follow-On Order for Mobile Satellite Terminals
Jul 16, 2026
Ovzon AB has secured a supplementary order worth 36 MSEK from a European customer for additional mobile satellite terminals, with deliveries scheduled during 2026. The order, following initial SATCOM-as-a-Service and terminal contracts from 2024 t...
Ovzon Schedules Webcast for Second-Quarter 2026 Results
Jul 10, 2026
Ovzon has announced that it will publish its interim report for the second quarter of 2026 at 08:00 CEST on Friday, July 17, 2026, followed by a webcast telephone conference at 14:00 CEST the same day. The event, led by CEO Per Norén and CFO ...
Ovzon Proves Arctic SATCOM Strength with High North Expeditions
Jul 9, 2026
Ovzon AB has strengthened its position in the defense-focused SATCOM market by completing three High North expeditions in 2025 and 2026, testing its Ovzon 3 satellite and Ovzon T6 and T7 mobile terminals up to about 1,300 kilometers inside the Arc...
Ovzon Wins 40 MSEK NATO SATCOM Order, Expands Alliance Footprint
Jul 7, 2026
Ovzon has secured a 40 MSEK (4.1 MUSD) order from a new NATO customer for its integrated SATCOM platform, marking a notable expansion of its footprint within the alliance. The contract, which runs for six months starting in the fourth quarter, wil...
Ovzon Wins 74 MSEK NATO SATCOM Renewal, Eyes Wider European Defense Role
Jun 30, 2026
Ovzon AB has secured a 74 MSEK renewal order from a European NATO country’s defense organization for SATCOM services based on its Ovzon 3 satellite, covering a five-month period from August 1, 2026. The contract, which follows a 2025 agreeme...
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.