Photocat A/S (SE:PCAT)
:PCAT
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Photocat A/S
(PCAT)
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Rating:55Neutral
Price Target:
kr4.00
▼(-31.39% Downside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by improving financial performance in 2025 and a low-leverage balance sheet, but it is held back by negative recent free cash flow and weak longer-term technicals (below the 50/100/200-day averages with negative MACD). Valuation is only moderate given the 28.08 P/E and lack of a provided dividend yield.
Positive Factors
Environmental tech market fit
Photocat's core technology addresses structurally growing demand for cleaner air in urban and industrial settings. Its photocatalytic coatings and indoor solutions map to long-term regulatory and sustainability trends, enabling repeatable revenue via project sales, partnerships and licensing.
Negative Factors
Negative free cash flow
Despite stronger operating cash flow in 2025, negative free cash flow indicates capex, working capital or reinvestment needs are consuming cash. Persistently negative FCF can force external financing, diluting shareholders or constraining long-term scaling and commercialization plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Environmental tech market fit
Photocat's core technology addresses structurally growing demand for cleaner air in urban and industrial settings. Its photocatalytic coatings and indoor solutions map to long-term regulatory and sustainability trends, enabling repeatable revenue via project sales, partnerships and licensing.
Read all positive factors
Photocat A/S (PCAT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr23.98M
Dividend YieldN/A
Average Volume (3M)1.24K
Price to Earnings (P/E)28.1
Beta (1Y)0.76
Revenue Growth-13.83%
EPS Growth-61.64%
CountrySE
Employees7
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)N/A
Shares Outstanding5,995,000
10 Day Avg. Volume2,820
30 Day Avg. Volume1,240
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)2.11
Price to Sales (P/S)1.76
P/FCF Ratio-68.92
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
Photocat A/S Business Overview & Revenue Model
Company Description
Photocat A/S researches, develops, and produces photocatalytic technology solutions for building materials and asphalts that reduces harmful matters caused by air pollution worldwide. Its photocatalytic building materials degrades air pollutants w...
How the Company Makes Money
Photocat A/S generates revenue primarily through the sale of its photocatalytic products and solutions to businesses, municipalities, and industrial clients. These include pavement and building coatings that reduce air pollution, as well as indoor...
Photocat A/S Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.53M | 13.74M | 12.11M | 16.89M | 16.94M | 15.69M |
| Gross Profit | 4.80M | 8.33M | 6.18M | 6.33M | 4.46M | 5.41M |
| EBITDA | 1.53M | 3.01M | 743.00K | -1.01M | -910.82K | 102.54K |
| Net Income | -2.66M | 859.00K | -2.63M | -1.92M | -2.99M | -2.16M |
Balance Sheet | ||||||
| Total Assets | 20.13M | 24.88M | 19.55M | 23.11M | 22.61M | 18.47M |
| Cash, Cash Equivalents and Short-Term Investments | 289.00K | 443.00K | 306.00K | 229.89K | 89.81K | 1.42M |
| Total Debt | 1.58M | 1.72M | 1.78M | 1.75M | 979.62K | 2.43M |
| Total Liabilities | 10.14M | 13.44M | 9.07M | 10.86M | 8.45M | 7.17M |
| Stockholders Equity | 9.98M | 11.44M | 10.48M | 12.25M | 14.17M | 11.30M |
Cash Flow | ||||||
| Free Cash Flow | 1.56M | -350.00K | -621.00K | 568.11K | -7.98M | -3.07M |
| Operating Cash Flow | 1.95M | 5.66M | 1.15M | 733.07K | -1.08M | -155.01K |
| Investing Cash Flow | -2.13M | -6.01M | -1.75M | -3.51M | -6.90M | -2.91M |
| Financing Cash Flow | 250.31K | 488.00K | 683.00K | 2.92M | 6.66M | 2.43M |
Photocat A/S Technical Analysis
Positive
5.83
Price Trends
3.79
Positive
4.44
Negative
6.15
Negative
Market Momentum
-0.03
Negative
57.63
Neutral
84.98
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:PCAT, the sentiment is Positive. The current price of 5.83 is above the 20-day moving average (MA) of 3.11, above the 50-day MA of 3.79, and below the 200-day MA of 6.15, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 57.63 is Neutral, neither overbought nor oversold. The STOCH value of 84.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:PCAT.
Photocat A/S Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | kr23.98M | 28.08 | ― | ― | -13.83% | -61.64% | |
47 Neutral | kr41.28M | -0.99 | -75.93% | 0.00% | ― | ― | |
47 Neutral | kr58.87M | ― | ― | ― | ― | ― | |
44 Neutral | kr98.21M | -6.99 | -29.85% | ― | 114.57% | 53.86% | |
41 Neutral | kr75.90M | -4.90 | -153.91% | ― | -18.29% | -48.74% |
* Basic Materials Sector Average
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Photocat A/S
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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.