Seafire AB (SE:SEAF)
:SEAF
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Seafire AB
(SEAF)
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Rating:62Neutral
Price Target:
kr8.50
▲(3.66% Upside)
Action:Reiterated
Date:05/26/26
The score is driven mainly by improving financial momentum (strong revenue growth and positive/free cash flow) but held back by very thin margins and recent earnings volatility. Technically, the stock shows a solid uptrend with positive momentum, while valuation provides limited support due to a negative P/E and no dividend data.
Positive Factors
Revenue Growth
Sustained TTM revenue growth of ~54% indicates the group's acquisitions and organic expansion are driving materially higher top-line scale across subsidiaries. Durable revenue momentum improves capacity to invest in operations, absorb integration costs, and support longer-term earnings recovery.
Negative Factors
Thin Margins
Very low gross and net margins point to limited pricing power or high operating costs across portfolio companies. Persistently thin margins constrain the group's ability to convert revenue into durable profits and cash, reducing resilience to input-cost inflation or competitive pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained TTM revenue growth of ~54% indicates the group's acquisitions and organic expansion are driving materially higher top-line scale across subsidiaries. Durable revenue momentum improves capacity to invest in operations, absorb integration costs, and support longer-term earnings recovery.
Read all positive factors
Seafire AB (SEAF) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr533.80M
Dividend YieldN/A
Average Volume (3M)9.71K
Price to Earnings (P/E)163.2
Beta (1Y)0.31
Revenue Growth4.70%
EPS GrowthN/A
CountrySE
Employees297
SectorServices
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)0.05
Shares Outstanding71,173,676
10 Day Avg. Volume11,596
30 Day Avg. Volume9,711
Financial Highlights & Ratios
PEG Ratio0.83
Price to Book (P/B)0.55
Price to Sales (P/S)0.35
P/FCF Ratio22.95
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)0.64
Revenue Forecast (FY)kr1.02B
Seafire AB Business Overview & Revenue Model
Company Description
Seafire AB (publ) acquires and develops small companies primarily in Sweden. The company operates in two segments, Industry and Trade & Services. It markets and sells personal electric vehicles, such as electric bicycles, electric scooters, scoote...
How the Company Makes Money
Seafire AB makes money primarily through the operating profits and cash flows generated by its subsidiaries. Revenue is earned at the subsidiary level from selling industrial products and/or B2B services to customers (depending on each business’s ...
Seafire AB Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 935.00M | 929.00M | 905.00M | 1.00B | 851.00M | 421.30M |
| Gross Profit | 100.00M | 6.00M | 187.00M | 217.00M | 194.00M | 78.50M |
| EBITDA | 68.00M | 63.00M | 71.00M | 108.00M | 123.00M | 37.30M |
| Net Income | 2.00M | -4.00M | -134.00M | -73.00M | 14.00M | -13.40M |
Balance Sheet | ||||||
| Total Assets | 1.06B | 1.07B | 1.15B | 1.34B | 1.75B | 830.87M |
| Cash, Cash Equivalents and Short-Term Investments | 11.00M | 18.00M | 57.00M | 46.00M | 468.00M | 176.24M |
| Total Debt | 213.00M | 250.00M | 271.00M | 286.00M | 656.00M | 438.67M |
| Total Liabilities | 483.00M | 495.00M | 571.00M | 622.00M | 963.00M | 611.76M |
| Stockholders Equity | 579.00M | 580.00M | 583.00M | 717.00M | 786.00M | 219.11M |
Cash Flow | ||||||
| Free Cash Flow | 34.00M | 14.00M | 29.00M | 69.00M | -79.20M | -24.60M |
| Operating Cash Flow | 44.00M | 22.00M | 45.00M | 80.00M | -60.70M | -10.10M |
| Investing Cash Flow | 26.00M | 27.00M | -16.00M | -92.00M | -371.70M | -332.20M |
| Financing Cash Flow | -79.00M | -88.00M | -18.00M | -410.00M | 723.80M | 498.40M |
Seafire AB Technical Analysis
Positive
8.20
Price Trends
6.91
Positive
7.10
Positive
6.52
Positive
Market Momentum
0.19
Positive
55.81
Neutral
37.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SEAF, the sentiment is Positive. The current price of 8.2 is above the 20-day moving average (MA) of 7.60, above the 50-day MA of 6.91, and above the 200-day MA of 6.52, indicating a bullish trend. The MACD of 0.19 indicates Positive momentum. The RSI at 55.81 is Neutral, neither overbought nor oversold. The STOCH value of 37.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SEAF.
Seafire AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | kr533.80M | 163.25 | ― | ― | 4.70% | ― | |
59 Neutral | kr425.75M | 6.83 | ― | 3.51% | -3.35% | ― | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
49 Neutral | kr388.04M | -3.34 | ― | 8.78% | ― | -567.36% | |
46 Neutral | kr328.06M | -5.64 | ― | ― | -59.76% | -37.26% | |
44 Neutral | kr129.44M | -8.84 | ― | ― | 8.60% | -70.68% |
* Services Sector Average
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Seafire AB Corporate Events
Seafire Increases Share Capital Following Rights and Directed Issues
May 29, 2026
Seafire AB has expanded its share capital following a SEK 140 million rights issue and two directed share issues totaling approximately SEK 17.5 million, partly used as consideration for the acquisition of Splendor Plant AB. After registering 742,...
Seafire AGM Retains Earnings, Renews Board and Approves New Capital Mandates
May 22, 2026
Seafire AB’s annual general meeting approved the 2025 financial statements, decided to retain all earnings by opting against a dividend, and granted discharge from liability to the board and CEO. Shareholders confirmed a five-member board, r...
Seafire lifts earnings and seals transformative Splendor Plant acquisition
May 22, 2026
Seafire AB reported its fourth consecutive quarter of organic growth, with first-quarter 2026 net sales rising 3 percent to SEK 212 million and adjusted EBITA up 29 percent to SEK 7 million, supported by higher gross margins in most subsidiaries. ...
Seafire completes Splendor Plant acquisition and issues shares to sellers
Apr 30, 2026
Seafire has completed the previously announced acquisition of nursery operator Splendor Plant AB for up to SEK 150 million on a cash- and debt-free basis, financed through a mix of cash, a vendor note and newly issued shares. The transaction, whic...
Seafire Updates Share Count After SEK 140 Million Rights Issue
Apr 30, 2026
Seafire AB has increased its share capital following the registration of the portion of a fully guaranteed SEK 140 million rights issue that was subscribed for with subscription rights. As of 30 April 2026, the company’s total number of outs...
Seafire Raises SEK 140 Million in Oversubscribed Rights Issue
Apr 24, 2026
Seafire AB has completed its fully guaranteed rights issue, which was oversubscribed at approximately 126.6 percent and will raise about SEK 140 million before transaction costs. The strong demand underscores investor confidence in the companyR...
Seafire’s Oversubscribed Rights Issue Raises SEK 140 Million
Apr 23, 2026
Seafire AB has announced the preliminary outcome of its recently completed rights issue, which was heavily oversubscribed at approximately 126.6 percent, indicating strong investor demand. The offering will raise about SEK 140 million before trans...
Seafire calls 2026 AGM, proposes no 2025 dividend and expanded share authorisations
Apr 22, 2026
Seafire AB has called its Annual General Meeting for 22 May 2026 at the company’s Stockholm office, setting out participation rules for shareholders, including record-date, registration deadlines and procedures for nominee-registered investo...
Seafire publishes disclosure document for SEK 140 million fully guaranteed rights issue
Apr 2, 2026
Seafire AB has published a disclosure document for its previously announced fully guaranteed rights issue of approximately SEK 140 million, following approval by an extraordinary general meeting. The document, prepared under the EU Prospectus Regu...
Seafire Publishes 2025 Annual Report Detailing Diversified Portfolio
Apr 2, 2026
Seafire AB has released its 2025 annual report, originally prepared in Swedish and in the European Single Electronic Format, providing investors with a comprehensive overview of the group’s performance and structure. The report highlights ac...
Seafire Shareholders Approve Fully Guaranteed Rights Issue to Fund Growth
Mar 30, 2026
Seafire AB’s extraordinary general meeting has approved a fully guaranteed rights issue of up to 25,707,939 new shares, giving existing shareholders preferential rights to subscribe three new shares for every five held at a price of SEK 5.45...
Seafire buys Splendor Plant and launches SEK 140m rights issue to fuel green infrastructure push
Mar 4, 2026
Seafire AB has agreed to acquire all shares in Splendor Plant AB, the Nordic region’s leading wholesale plant nursery, for SEK 135 million on a cash and debt-free basis with a potential SEK 15 million earn-out, adding a business focused on s...
Seafire Calls EGM to Approve SEK 140 Million Rights Issue
Mar 4, 2026
Seafire AB has called an extraordinary general meeting for 30 March 2026 in Stockholm, inviting shareholders of record by 20 March to vote on key corporate matters. Shareholders may attend in person, via nominee registration, or through proxies, w...
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.