SaltX Technology Holding AB Class B (SE:SALT.B)
:SALT.B
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SaltX Technology Holding AB Class B
(SALT.B)
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Rating:50Neutral
Price Target:
kr6.50
▲(62.50% Upside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by weak financial performance—persistent losses, negative gross profit, and ongoing cash burn—despite strong revenue growth and a very low-debt balance sheet. Technicals are moderately supportive with improving momentum above key short- and mid-term averages, but valuation remains unattractive/unclear due to negative earnings and no dividend data.
Positive Factors
Proprietary patented technology
SaltX's patented SaltX/"Electric Arc" platform provides durable IP protection and a clear differentiation in decarbonization and thermal storage for heavy industry. A licensing-and-systems model leverages IP rather than capital-intensive production, enabling scalable revenue per deployment as industrial customers adopt the tech over months to years.
Negative Factors
Negative gross profit
Negative gross profit indicates the core technology and current project economics do not yet cover direct costs, implying structural unit-economics issues. Until engineering refinements, cost reductions, or higher-margin licensing dominate sales, sustained negative gross margins will impede path to operating profitability and durable margin sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary patented technology
SaltX's patented SaltX/"Electric Arc" platform provides durable IP protection and a clear differentiation in decarbonization and thermal storage for heavy industry. A licensing-and-systems model leverages IP rather than capital-intensive production, enabling scalable revenue per deployment as industrial customers adopt the tech over months to years.
Read all positive factors
SaltX Technology Holding AB Class B (SALT.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.49B
Dividend YieldN/A
Average Volume (3M)536.67K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth120.73%
EPS Growth7.14%
CountrySE
Employees20
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.30
Shares Outstanding230,699,830
10 Day Avg. Volume576,596
30 Day Avg. Volume536,674
Financial Highlights & Ratios
PEG Ratio-2.03
Price to Book (P/B)3.52
Price to Sales (P/S)18.20
P/FCF Ratio-16.59
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
SaltX Technology Holding AB Class B Business Overview & Revenue Model
Company Description
SaltX Technology Holding AB (publ) engages in the development and sale of patented energy storage solutions in Sweden. It serves energy companies and industry. The company was founded in 2001 and is headquartered in Hagersten, Sweden....
How the Company Makes Money
SaltX’s business model is built around monetizing its proprietary process and system technology rather than operating large-scale commodity production itself. In practice, the company seeks to generate revenue primarily through (1) licensing/royal...
SaltX Technology Holding AB Class B Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.63M | 43.99M | 39.90M | 25.97M | 256.00K | 164.00K |
| Gross Profit | -44.82M | -69.52M | 15.39M | 87.66M | 607.00K | 18.32M |
| EBITDA | -37.14M | -41.59M | -26.66M | -31.82M | -46.91M | -30.21M |
| Net Income | -61.95M | -63.21M | -56.51M | -48.85M | -60.86M | -38.94M |
Balance Sheet | ||||||
| Total Assets | 239.53M | 263.19M | 169.32M | 200.79M | 167.24M | 151.25M |
| Cash, Cash Equivalents and Short-Term Investments | 117.98M | 33.82M | 21.93M | 26.22M | 74.34M | 51.16M |
| Total Debt | 604.00K | 1.05M | 23.32M | 29.32M | 32.10M | 28.78M |
| Total Liabilities | 33.22M | 35.73M | 49.42M | 61.78M | 41.62M | 38.87M |
| Stockholders Equity | 206.32M | 227.45M | 119.90M | 139.00M | 125.62M | 112.38M |
Cash Flow | ||||||
| Free Cash Flow | -47.82M | -48.24M | -67.71M | -112.24M | -49.19M | -51.10M |
| Operating Cash Flow | -43.24M | -45.66M | -58.64M | -36.89M | -47.72M | -36.09M |
| Investing Cash Flow | -4.85M | -3.14M | -9.07M | -75.35M | -1.48M | -15.01M |
| Financing Cash Flow | 158.68M | 60.70M | 63.42M | 64.12M | 72.37M | 56.61M |
SaltX Technology Holding AB Class B Technical Analysis
Positive
4.00
Price Trends
4.55
Positive
4.30
Positive
5.55
Positive
Market Momentum
0.62
Negative
63.08
Neutral
53.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SALT.B, the sentiment is Positive. The current price of 4 is below the 20-day moving average (MA) of 5.43, below the 50-day MA of 4.55, and below the 200-day MA of 5.55, indicating a bullish trend. The MACD of 0.62 indicates Negative momentum. The RSI at 63.08 is Neutral, neither overbought nor oversold. The STOCH value of 53.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SALT.B.
SaltX Technology Holding AB Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | kr725.63M | 32.59 | 33.31% | 6.86% | -18.84% | -38.10% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | kr2.22B | 22.38 | ― | 1.51% | -5.71% | -24.91% | |
50 Neutral | kr1.49B | -10.24 | -39.97% | ― | 120.73% | 7.14% | |
48 Neutral | kr314.61M | -2.98 | ― | ― | -56.20% | -50.16% | |
43 Neutral | kr114.39M | -0.79 | ― | ― | 54.10% | -21.33% |
* Industrials Sector Average
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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.