Seafire AB (SE:SEAF)
:SEAF
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Seafire AB
(SEAF)
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Rating:47Neutral
Price Target:
kr6.00
▼(-26.83% Downside)
Action:ReiteratedDate:04/08/26
The score is held back primarily by inconsistent profitability and a recent downtrend in free cash flow, despite improved leverage and earlier revenue scaling. Technicals add further pressure with the stock trading below all key moving averages and negative MACD, while valuation is constrained by ongoing losses and no dividend support.
Positive Factors
Portfolio business model
Seafire’s buy-and-build, long-term ownership model creates durable advantages: diversified cash flows across subsidiaries, operational playbooks to raise margins, and disciplined capital allocation that limits overpaying. These structural features support steady value creation over months to years.
Negative Factors
Inconsistent profitability
Persistent net losses and negative ROE mean the group has struggled to translate revenue into sustainable profits. This undermines retained earnings, limits capacity to internally finance growth or pay dividends, and raises reliance on external capital for strategic moves over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Portfolio business model
Seafire’s buy-and-build, long-term ownership model creates durable advantages: diversified cash flows across subsidiaries, operational playbooks to raise margins, and disciplined capital allocation that limits overpaying. These structural features support steady value creation over months to years.
Read all positive factors
Seafire AB (SEAF) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr394.87M
Dividend YieldN/A
Average Volume (3M)9.71K
Price to Earnings (P/E)―
Beta (1Y)0.46
Revenue Growth-1.52%
EPS Growth-43.08%
CountrySE
Employees297
SectorServices
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)-0.17
Shares Outstanding68,554,510
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)0.71
Revenue Forecast (FY)kr903.44M
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 makes money mainly through operating income generated by its subsidiaries. Revenue is therefore primarily derived from B2B sales of the portfolio companies’ products and services (the exact mix depends on each subsidiary), with earnings dr...
Seafire AB Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
63
Positive
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 929.00M | 905.00M | 1.00B | 851.00M | 421.30M |
| Gross Profit | 6.00M | 187.00M | 217.00M | 194.00M | 78.50M |
| EBITDA | 63.00M | 71.00M | 108.00M | 123.00M | 37.30M |
| Net Income | -4.00M | -134.00M | -73.00M | 14.00M | -13.40M |
Balance Sheet | |||||
| Total Assets | 1.07B | 1.15B | 1.34B | 1.75B | 830.87M |
| Cash, Cash Equivalents and Short-Term Investments | 18.00M | 57.00M | 46.00M | 468.00M | 176.24M |
| Total Debt | 250.00M | 271.00M | 286.00M | 656.00M | 438.67M |
| Total Liabilities | 495.00M | 571.00M | 622.00M | 963.00M | 611.76M |
| Stockholders Equity | 580.00M | 583.00M | 717.00M | 786.00M | 219.11M |
Cash Flow | |||||
| Free Cash Flow | 14.00M | 29.00M | 69.00M | -79.20M | -24.60M |
| Operating Cash Flow | 22.00M | 45.00M | 80.00M | -60.70M | -10.10M |
| Investing Cash Flow | 27.00M | -16.00M | -92.00M | -371.70M | -332.20M |
| Financing Cash Flow | -88.00M | -18.00M | -410.00M | 723.80M | 498.40M |
Seafire AB Technical Analysis
Negative
8.20
Price Trends
6.81
Negative
6.80
Negative
6.18
Negative
Market Momentum
-0.31
Positive
35.20
Neutral
7.82
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SEAF, the sentiment is Negative. The current price of 8.2 is above the 20-day moving average (MA) of 6.63, above the 50-day MA of 6.81, and above the 200-day MA of 6.18, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 35.20 is Neutral, neither overbought nor oversold. The STOCH value of 7.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | kr457.34M | 1.67 | ― | 3.51% | 7.83% | ― | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
50 Neutral | kr129.80M | -11.41 | ― | ― | 5.41% | 20.99% | |
49 Neutral | kr385.97M | -15.68 | ― | 8.78% | ― | ― | |
47 Neutral | kr394.87M | -80.34 | ― | ― | -1.52% | -43.08% | |
46 Neutral | kr277.89M | -6.03 | ― | ― | ― | ― |
* Services Sector Average
SE:SEAF
Seafire AB
5.76
1.31
29.50%
SE:VO2
Vo2 Cap Holding AB
2.25
0.50
28.94%
SE:INFREA
Infrea AB
15.20
2.86
23.18%
SE:NAXS
NAXS AB
37.40
0.14
0.37%
SE:ATIN
Athanase Innovation AB
14.40
-4.70
-24.61%
SE:STWK
Stockwik Forvaltning AB
18.00
-4.50
-20.00%
Seafire AB Corporate Events
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...
Seafire lifts organic growth, margins and cash flow amid restructuring drive
Feb 20, 2026
Seafire AB reported fourth-quarter 2025 net sales up 11 percent to SEK 234 million, entirely driven by organic growth, with adjusted EBITA rising 66 percent and operating cash flow before tax swinging to SEK 24 million from a negative SEK 6 millio...
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.