Qliro AB (QLIRO) AI Stock Analysis

• Market Cap: kr486.36M
• Dividend Yield: N/A
• Average Volume (3M): 20.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.40
• Revenue Growth: -11.93%
• EPS Growth: -821.71%
• Country: SE
• Employees: 215
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): -1.28
• Shares Outstanding: 28,276,503
• 10 Day Avg. Volume: 15,075
• 30 Day Avg. Volume: 20,441
• PEG Ratio: 187.21
• Price to Book (P/B): 733.31
• Price to Sales (P/S): 845.50
• P/FCF Ratio: 1.35K
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -3.05
• Revenue Forecast (FY): kr413.00M

• Rating: 56 Neutral
• Price Target: kr18.50 ▲(0.82% Upside)

Qliro AB's overall stock score is primarily influenced by its strong financial performance, particularly in cash flow and reduced leverage. However, the stock faces challenges with negative operational profitability and bearish technical indicators. The valuation is also a concern due to the negative P/E ratio and lack of dividend yield.

Positive Factors

Cash Flow Performance

The robust growth in free cash flow indicates improved liquidity and operational efficiency, providing the company with financial flexibility to invest in growth opportunities.

Leverage Reduction

Reduced leverage enhances financial stability and reduces risk, allowing Qliro AB to focus on strategic initiatives without the burden of debt-related constraints.

Gross Profit Margin Improvement

An improved gross profit margin suggests better cost management, which can lead to enhanced profitability and competitive pricing strategies in the long term.

Negative Factors

Negative Revenue Growth

Declining revenue growth can hinder the company's ability to scale and compete effectively, potentially impacting its market position and long-term viability.

Operational Profitability Challenges

Negative EBIT margins indicate ongoing operational inefficiencies, which could limit the company's ability to generate sustainable profits and reinvest in growth.

Low Net Profit Margin

A persistently low net profit margin suggests limited profitability, which may constrain the company's ability to reward shareholders and invest in future growth initiatives.

Qliro AB Business Overview & Revenue Model

Company Description

Qliro AB (QLIRO) is a leading Nordic e-commerce and payment solutions provider based in Sweden. The company primarily operates in the fintech sector, focusing on offering flexible payment solutions, including invoice payments, installment payments, and digital wallets. Qliro serves both consumers and merchants, enhancing the online shopping experience through its innovative technology and seamless integration with various e-commerce platforms. The company also provides additional services such as logistics and customer insights, positioning itself as a comprehensive partner for online retailers.

How the Company Makes Money

Qliro AB generates revenue through multiple streams, primarily from transaction fees charged to merchants for processing payments. This includes fees for different payment methods such as credit card transactions and invoice payments. Additionally, Qliro earns money from interest and fees associated with consumer credit products, such as installment loans. The company also benefits from partnerships with various e-commerce platforms and online retailers, enhancing its service offerings and expanding its customer base. Moreover, Qliro may generate revenue through value-added services, including analytics and logistics solutions for its merchant clients, which further contributes to its earnings.

Qliro AB Financial Statement Overview

Summary

Qliro AB shows strong cash flow performance and reduced leverage, indicating financial stability. However, operational profitability remains a challenge with negative EBIT margins. The company demonstrates potential for future growth with improved cost management.

Income Statement

Qliro AB experienced a decline in total revenue from 2023 to 2024, indicating a negative revenue growth rate. However, gross profit margin improved significantly to 83.15%, suggesting better cost management. Net profit margin remained low at 0.91%, and EBIT margin turned negative, reflecting operational challenges. Overall, while there are improvements in gross profit, the company struggles with profitability at the operational level.

Balance Sheet

The company has no total debt as of 2024, which is a positive indicator of financial stability. The equity ratio improved to 16.18%, and return on equity increased to 0.73%, indicating a better return on shareholders' investments. The balance sheet shows strengthening equity and reduced leverage, enhancing financial stability.

Cash Flow

Qliro AB achieved a significant turnaround in free cash flow to 304.6 million SEK in 2024 from a negative position in 2023, marking a robust free cash flow growth. The operating cash flow to net income ratio is strong at 106.39, indicating efficient cash generation relative to net income. These positive cash flow metrics highlight improved liquidity and operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	494.50M	485.00M	442.70M	470.40M	449.80M	411.80M
Gross Profit	373.20M	229.60M	241.00M	294.30M	271.70M	247.70M
EBITDA	11.50M	45.50M	48.90M	-9.30M	45.80M	20.60M
Net Income	-98.70M	-21.90M	4.10M	-93.50M	-39.90M	-67.00M
Balance Sheet
Total Assets	2.89B	3.45B	3.69B	4.20B	3.47B	3.20B
Cash, Cash Equivalents and Short-Term Investments	0.00	172.20M	566.10M	97.90M	354.00M	290.10M
Total Debt	100.00M	2.73B	3.06B	3.46B	2.80B	2.39B
Total Liabilities	2.30B	2.90B	3.21B	3.73B	2.93B	2.61B
Stockholders Equity	592.70M	559.20M	480.20M	470.50M	548.00M	588.00M
Cash Flow
Free Cash Flow	-358.80M	304.60M	-792.70M	831.60M	-89.20M	-204.50M
Operating Cash Flow	-259.70M	436.30M	-696.00M	923.30M	1.10M	-130.00M
Investing Cash Flow	-132.20M	-131.70M	-96.70M	-91.60M	-90.20M	-74.50M
Financing Cash Flow	268.20M	-3.20M	-3.10M	11.60M	-8.20M	119.30M

Qliro AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 18.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:QLIRO, the sentiment is Neutral. The current price of 18.35 is above the 20-day moving average (MA) of 17.34, above the 50-day MA of 17.94, and below the 200-day MA of 20.13, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 50.17 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:QLIRO.

Qliro AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TFBANK	72 Outperform	kr10.75B	6.20	26.88%	―	15.59%	24.31%
NORION	71 Outperform	kr14.93B	10.22	―	―	0.78%	13.82%
HOFI	70 Neutral	kr9.72B	10.89	15.75%	1.80%	19.81%	5.77%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
RESURS	63 Neutral	kr7.07B	69.38	1.44%	―	-1.57%	―
QLIRO	56 Neutral	kr486.36M	-4.12	-16.73%	―	-11.93%	-821.71%
INTRUM	42 Neutral	kr5.15B	-35.75	-0.68%	―	-6.65%	95.09%

Qliro AB Corporate Events

Qliro Expands in Beauty Sector with GLOWiD Partnership

Qliro AB has signed a significant enterprise agreement with GLOWiD, a prominent player in the Nordic Korean beauty market, to provide Pay Now and Pay Later solutions. This agreement is expected to enhance Qliro’s presence in the beauty segment, with a total signed volume exceeding SEK 1 billion for 2025. The partnership with GLOWiD, which saw a 27% increase in net sales in the previous financial year, is part of Qliro’s strategy to strengthen its market position in fast-growing e-commerce categories. This move is anticipated to contribute to Qliro’s growth strategy, with expected annual transaction volumes reaching SEK 21.5 billion once all agreements are operational.

Qliro AB Appoints Nomination Committee for 2026 AGM

Qliro AB has announced the appointment of its Nomination Committee for the Annual General Meeting 2026, which will be held in Stockholm on May 25, 2026. The committee, composed of representatives from Rite Ventures, Mandatum Private Equity, and individual shareholders, is tasked with preparing proposals for board and auditor appointments, remuneration, and any changes to the committee’s instructions. This development is significant as it sets the stage for strategic decisions that could impact Qliro’s governance and operational focus.

Qliro AB Launches Next-Generation Upselling Tool ‘Upsell 2.0’

Qliro AB has launched Upsell 2.0, a next-generation upselling tool designed to enhance the checkout experience for merchants by offering greater flexibility and expanded payment options. The tool, developed in collaboration with Lyko, has already shown significant increases in upsales across Nordic markets, reflecting its potential to boost average order values and strengthen Qliro’s market position in e-commerce solutions.

Qliro AB Reports Strong Payment Volume Growth Amid Strategic Overhaul

Qliro AB reported a significant 50% increase in total payment volume for the third quarter of 2025, despite facing a decline in operating profit. The company is implementing organizational changes and launching new products to enhance efficiency and scalability, with the aim of achieving profitability by Q1 2026. Key initiatives include the launch of a new Pay Later platform and improvements in merchant onboarding processes, which are expected to drive future growth and market share expansion in the Nordics.

Qliro AB Announces Q3 2025 Interim Report Presentation

Qliro AB has announced an upcoming presentation of its Q3 2025 interim report, scheduled for October 21, 2025. The event, led by CEO Christoffer Rutgersson, will be available via webcast and conference call, providing an opportunity for investors, analysts, and media to engage with the company’s latest financial performance.

Qliro Appoints Christofer Zetterquist as Interim CFO

Qliro AB has appointed Christofer Zetterquist as interim CFO following the departure of Carl Löfgren. Zetterquist, who brings extensive experience from the financial sector, previously served as CFO at Skandiabanken and has held senior positions at DNB Carnegie, EY, and Accenture. His appointment is expected to provide stability and leadership to Qliro’s finance function during the ongoing recruitment process for a permanent CFO.

Qliro AB Targets Profitability with Strategic Restructuring

Qliro AB has announced organizational changes aimed at improving efficiency and scalability to achieve profitability by Q1 2026. These changes involve restructuring the company to enhance growth momentum across the Nordics, with significant roles in the executive management team being reassigned to drive innovation and streamline operations, while reducing staffing in non-commercial functions.