QleanAir AB (QAIR) AI Stock Analysis

• Market Cap: €358.11M
• Dividend Yield: N/A
• Average Volume (3M): 6.98K
• Price to Earnings (P/E): 332.9
• Beta (1Y): 0.51
• Revenue Growth: -6.40%
• EPS Growth: -95.33%
• Country: SE
• Employees: 118
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): 0.55
• Shares Outstanding: 14,859,200
• 10 Day Avg. Volume: 5,753
• 30 Day Avg. Volume: 6,978
• PEG Ratio: 1.63
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.53
• P/FCF Ratio: 15.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: kr22.00 ▼(-6.38% Downside)

QleanAir AB's overall stock score is primarily influenced by its resilient financial performance, particularly in cash flow generation and gross profit margins. However, the high P/E ratio suggests overvaluation, and technical indicators point to a neutral to slightly bearish trend. The lack of earnings call data and corporate events means these factors did not influence the score.

QleanAir AB Business Overview & Revenue Model

Company Description

QleanAir AB (publ) provides air cleaning solutions for professional environments worldwide. The company offers freestanding smoking cabins for protection against secondhand smoke; cleanrooms for aseptic spaces; and smoking solutions for shopping malls, casinos, and offshore facilities, such as oil platforms, offshore, cruise ships and shipping, and security facilities and institutions. It serves production, logistics centers and warehouses, food and beverage, healthcare, transportation, and airport industries; and MedTech companies and compounding pharmacies, as well as offices, conference centers, hotels, restaurants, and school facilities. The company was formerly known as QleanAir Holding AB (publ) and changed its name to QleanAir AB (publ) in July 2021. QleanAir AB (publ) was founded in 1988 and is headquartered in Solna, Sweden.

How the Company Makes Money

QleanAir AB generates revenue through the sale and rental of its air filtration systems and related services. Key revenue streams include direct sales of air purification units to clients in various sectors, long-term rental agreements that provide ongoing income, and maintenance services that ensure the optimal performance of their products. Additionally, QAIR often engages in partnerships with organizations in healthcare and industrial sectors, which can lead to bulk sales or collaborative projects that further enhance their market reach. The company may also benefit from government regulations promoting clean air standards, as this drives demand for their products.

QleanAir AB Financial Statement Overview

Summary

QleanAir AB demonstrates a resilient financial performance with strengths in cash flow generation and gross profit margins. However, challenges remain in improving net profitability and return on equity. The company has made progress in reducing leverage, which is a positive sign for future stability.

Income Statement

QleanAir AB's income statement shows a mixed performance. The company has a strong gross profit margin of 66.29% TTM, indicating efficient cost management. However, the net profit margin is very low at 0.24% TTM, reflecting challenges in translating revenue into profit. Revenue growth has been volatile, with a significant decline in 2024 but a strong rebound in the TTM period. The EBIT and EBITDA margins have improved in the TTM period, suggesting better operational efficiency.

Balance Sheet

The balance sheet reveals a moderate financial position. The debt-to-equity ratio has improved to 0.99 TTM, indicating reduced leverage compared to previous years. However, the return on equity is low at 0.53% TTM, suggesting limited profitability from shareholders' investments. The equity ratio stands at 33.71% TTM, showing a stable capital structure but with room for improvement in asset financing.

Cash Flow

Cash flow analysis indicates a positive trend. The free cash flow growth rate is strong at 54.68% TTM, highlighting improved cash generation. The operating cash flow to net income ratio is 15.09% TTM, showing a healthy conversion of income to cash. The free cash flow to net income ratio is 53.49% TTM, reflecting effective cash management despite low net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	450.72M	450.38M	503.52M	455.17M	450.58M	492.97M
Gross Profit	298.78M	293.22M	344.04M	311.02M	318.04M	336.40M
EBITDA	52.62M	48.51M	102.43M	56.04M	109.64M	121.79M
Net Income	1.07M	-1.43M	43.37M	13.29M	59.26M	67.00M
Balance Sheet
Total Assets	615.48M	631.13M	662.05M	647.72M	610.81M	585.16M
Cash, Cash Equivalents and Short-Term Investments	48.70M	52.04M	56.88M	66.96M	69.66M	52.60M
Total Debt	205.60M	240.82M	246.54M	261.07M	235.00M	267.60M
Total Liabilities	408.04M	429.41M	446.75M	463.75M	416.72M	428.25M
Stockholders Equity	207.44M	201.72M	215.29M	183.98M	194.09M	156.91M
Cash Flow
Free Cash Flow	24.66M	15.92M	38.86M	1.44M	75.86M	45.77M
Operating Cash Flow	46.11M	39.74M	62.65M	29.73M	104.15M	72.13M
Investing Cash Flow	-21.45M	-23.83M	-23.79M	-28.29M	-28.30M	-26.36M
Financing Cash Flow	-24.95M	-21.25M	-46.24M	-6.56M	-59.20M	-47.19M

QleanAir AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:QAIR, the sentiment is Positive. The current price of 23.5 is above the 20-day moving average (MA) of 22.79, above the 50-day MA of 22.74, and above the 200-day MA of 18.61, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 49.35 is Neutral, neither overbought nor oversold. The STOCH value of 73.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:QAIR.

QleanAir AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ELAN.B	67 Neutral	€2.25B	-19.52	-3.09%	6.64%	-7.32%	-139.66%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MTRS	63 Neutral	$28.27B	95.14	13.34%	1.02%	4.97%	-65.71%
ABSO	55 Neutral	kr2.26B	26.24	―	1.60%	-8.97%	-31.59%
QAIR	52 Neutral	€358.11M	332.87	0.70%	―	-6.40%	-95.33%
GOMX	48 Neutral	kr2.62B	―	―	―	9.60%	40.86%
SALT.B	42 Neutral	kr1.01B	-16.01	-40.77%	―	11.85%	6.39%