Ecoclime Group AB Class B (SE0012729937) AI Stock Analysis

• Market Cap: kr9.38M
• Dividend Yield: N/A
• Average Volume (3M): 149.19K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.28
• Revenue Growth: -39.74%
• EPS Growth: -863.56%
• Country: SE
• Employees: 65
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): -0.30
• Shares Outstanding: 42,151,054
• 10 Day Avg. Volume: 174,710
• 30 Day Avg. Volume: 149,185
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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): 0.05
• Revenue Forecast (FY): kr238.00M

• Rating: 44 Neutral
• Price Target: kr0.21 ▼(-35.94% Downside)
• Action: Reiterated Date: 01/31/26
• Date: Action: Reiterated 01/31/26

The score is primarily held down by deteriorating profitability and continued cash burn, despite a low-debt balance sheet. Technicals are mixed (short-term improvement but weaker longer-term trend), and valuation is constrained by negative earnings and no dividend yield data.

Positive Factors

Low Leverage

The company’s near-zero reported debt provides durable financial flexibility and lowers solvency risk, giving management room to fund operations or restructure without heavy interest burdens. Over 2-6 months this reduces bankruptcy risk and preserves capacity to raise targeted capital if needed.

Resilient Gross Margins

Sustained mid-to-high 40% gross margins indicate healthy project-level economics and pricing power in HVAC/R systems. This structural margin cushion means if operating expenses are controlled, the business can return to operating profitability over several quarters as revenue stabilizes or grows.

Structural Market Fit

Ecoclime’s focus on energy-efficient HVAC and building performance aligns with long-term regulatory and corporate decarbonization trends. Demand for energy savings and integrated property tech is structural, supporting potential durable revenue streams and recurring after-sales service opportunities.

Negative Factors

Revenue Decline & Deep Losses

A steep revenue drop and large negative net margin materially weaken the company’s ability to fund operations internally. Over several months this compresses operational scale, undermines negotiating leverage with suppliers and clients, and makes it harder to rebuild profitable growth without structural fixes.

Persistent Negative Cash Flow

Consistently negative operating and free cash flow forces reliance on external funding or balance-sheet resources. This is a durable constraint: it increases dilution or refinancing risk, limits reinvestment in sales/engineering, and can impair the company’s ability to execute strategic initiatives over the next 2–6 months.

Eroding Equity / Weak ROE

Declining equity and deeply negative ROE reduce the company’s capital buffer, weakening resilience to further shocks. Even with low debt, a shrinking equity base constrains future borrowing capacity, increases financing costs, and raises the prospect of dilutive capital raises during the next several quarters.

Ecoclime Group AB Class B Business Overview & Revenue Model

Company Description

Ecoclime Group AB (publ) provides real estate technology for recycling, charging, storage, extraction, and distribution of recycled and renewable thermal energy. The company operates through three segments: Indoor Climate, Circular Energy, and Property Automation. The Indoor climate segment offers solutions for a draft-free and temperature-stable indoor climate through patented comfort panels, heat exchangers, and ventilation systems. The Circular Energy segment offers solutions for energy recovery; polymeric heat exchangers for thermal energy absorption; and a real-time control system, heat pumps, and pump pits for wastewater recycling and sewage treatment plants purpose. The Property automation segment develops and offers an IoT-based automation platform and system solutions for monitoring, controlling, and optimizing energy use, as well as real-time energy distribution in properties. It also provides installation services for energy systems and plumbing. In addition, the company sells renewable and recycled energy. Ecoclime Group AB (publ) is headquartered in Umeå, Sweden.

How the Company Makes Money

Ecoclime Group AB generates revenue through the sale and installation of its energy-efficient and climate control solutions. The company offers products such as heat recovery systems, energy storage solutions, and advanced climate control technologies for residential, commercial, and industrial applications. Revenue streams include direct sales to end-users, partnerships with construction and engineering firms, and long-term service agreements for system maintenance and support. The company's focus on innovation and sustainability positions it to benefit from increasing demand for energy-efficient solutions in response to global climate change initiatives.

Ecoclime Group AB Class B Financial Statement Overview

Summary

Income statement and cash flow are weak: 2024 revenue fell ~22% and losses widened sharply (net margin roughly -41%), while operating cash flow and free cash flow remained negative in 2024. The balance sheet is a relative strength with very low/zero debt, but persistent losses are eroding equity and financial durability.

Income Statement

Profitability has deteriorated meaningfully: 2024 revenue fell ~22% after a strong 2023, and losses widened sharply (net margin roughly -41% in 2024 vs. about -8% in 2023). While gross margins remain relatively solid in the mid-to-high 40% range, operating costs are overwhelming gross profit, keeping operating profit and EBITDA negative in most years (with only 2020 showing clear profitability). The main strength is that gross profit remains resilient; the key weakness is the lack of operating leverage and the recent step-down in revenue.

Balance Sheet

Leverage appears very conservative: total debt is low and is reported at zero in 2024, following modest debt levels previously. However, persistent losses are eroding shareholder value (return on equity is deeply negative in 2024), and equity has declined versus prior years, which reduces financial flexibility over time. Overall, the balance sheet structure is a strength (low debt), but ongoing losses are the primary risk to balance-sheet durability.

Cash Flow

Cash generation is weak: operating cash flow is negative in every year except 2020, and free cash flow is also negative in most periods, including 2024. While cash burn has improved versus the worst year (2022), 2024 still shows negative operating and free cash flow, indicating the business is not self-funding. The main positive is the partial improvement from 2022 levels; the main negative is the continued reliance on external funding or balance-sheet resources to cover cash needs.

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Ecoclime Group AB Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.32
• 50DMA: Positive
• 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:SE0012729937, the sentiment is Positive. The current price of 0.32 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.21, and below the 200-day MA of 0.37, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.55 is Neutral, neither overbought nor oversold. The STOCH value of 48.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SE0012729937.

Ecoclime Group AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SYSR	58 Neutral	kr14.44B	34.37	11.96%	1.55%	2.11%	13.90%
SAXG	49 Neutral	kr96.83M	45.33	-14.54%	―	-17.38%	96.53%
GOMX	48 Neutral	kr2.54B	-94.90	―	―	9.60%	40.86%
GARO	47 Neutral	kr543.00M	-48.91	-2.59%	―	-9.58%	76.19%
SALT.B	46 Neutral	kr813.22M	-12.66	-39.97%	―	11.85%	6.39%
SE0012729937	44 Neutral	kr9.38M	-0.19	-36.21%	―	-39.74%	-863.56%