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Sedana Medical AB
(SEDANA)
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Rating:49Neutral
Price Target:
kr8.50
▼(-20.71% Downside)
Action:Reiterated
Date:04/24/26
The score is held back primarily by weak financial performance—ongoing losses, flat-to-down revenue, and negative operating/free cash flow—despite a very low-debt balance sheet. Technical indicators are moderately supportive in the near term, but valuation is constrained by negative earnings and no dividend data.
Positive Factors
Very low leverage / strong balance sheet
Extremely low debt (debt-to-equity ~0.5% TTM) gives the company durable financial flexibility. This reduces insolvency risk, supports continued R&D/commercial investment while loss-making, and lengthens runway versus peers reliant on external financing.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow (TTM ~-47.8M) signals ongoing cash burn. Over months this increases reliance on existing liquidity or new funding, constrains reinvestment, and raises execution risk if profitability or external financing does not improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low debt (debt-to-equity ~0.5% TTM) gives the company durable financial flexibility. This reduces insolvency risk, supports continued R&D/commercial investment while loss-making, and lengthens runway versus peers reliant on external financing.
Read all positive factors
Sedana Medical AB (SEDANA) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr890.06M
Dividend YieldN/A
Average Volume (3M)247.68K
Price to Earnings (P/E)―
Beta (1Y)0.90
Revenue Growth4.66%
EPS Growth27.83%
CountrySE
Employees113
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)-0.39
Shares Outstanding99,336,960
10 Day Avg. Volume186,290
30 Day Avg. Volume247,675
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.13
Price to Sales (P/S)5.10
P/FCF Ratio-13.58
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)-0.26
Revenue Forecast (FY)kr207.32M
Sedana Medical AB Business Overview & Revenue Model
Company Description
Sedana Medical AB (publ) is a medical technology firm that engineers, promotes, and distributes healthcare devices both within Sweden and across global markets. Its product portfolio includes the Sedaconda ACD-L and Sedaconda ACD, single-use medic...
How the Company Makes Money
Sedana Medical makes money primarily by selling its inhaled-sedation product portfolio to healthcare providers through hospital channels. Key revenue streams include: (1) sales of Sedaconda (isoflurane), the company’s proprietary pharmaceutical us...
Sedana Medical AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
74
Positive
Cash Flow
26
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 196.15M | 200.23M | 178.75M | 153.87M | 122.86M | 159.15M |
| Gross Profit | 139.83M | 142.71M | 126.14M | 108.98M | 86.07M | 106.71M |
| EBITDA | -7.36M | -10.12M | -4.03M | -51.67M | -64.87M | -49.10M |
| Net Income | -39.52M | -59.24M | -10.67M | -59.61M | -73.51M | -57.97M |
Balance Sheet | ||||||
| Total Assets | 960.23M | 954.46M | 1.02B | 1.01B | 1.08B | 1.17B |
| Cash, Cash Equivalents and Short-Term Investments | 80.68M | 90.98M | 193.96M | 381.80M | 607.74M | 836.18M |
| Total Debt | 7.56M | 4.70M | 5.92M | 4.31M | 8.74M | 8.87M |
| Total Liabilities | 62.33M | 53.68M | 61.17M | 44.06M | 52.43M | 66.12M |
| Stockholders Equity | 897.90M | 900.78M | 958.23M | 970.00M | 1.03B | 1.10B |
Cash Flow | ||||||
| Free Cash Flow | -47.84M | -75.19M | -186.77M | -206.95M | -253.22M | -151.48M |
| Operating Cash Flow | -16.10M | -12.78M | -11.77M | -38.06M | -115.43M | -41.22M |
| Investing Cash Flow | -59.37M | -63.03M | -44.67M | -321.96M | -137.78M | -110.25M |
| Financing Cash Flow | -4.13M | -4.04M | -3.57M | -4.86M | -1.51M | 605.07M |
Sedana Medical AB Technical Analysis
Positive
10.72
Price Trends
9.13
Negative
9.17
Negative
9.98
Negative
Market Momentum
-0.04
Negative
54.50
Neutral
74.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SEDANA, the sentiment is Positive. The current price of 10.72 is above the 20-day moving average (MA) of 8.50, above the 50-day MA of 9.13, and above the 200-day MA of 9.98, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 54.50 is Neutral, neither overbought nor oversold. The STOCH value of 74.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SEDANA.
Sedana Medical AB Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | kr1.19B | 41.26 | 6.93% | ― | -8.92% | -8.33% | |
55 Neutral | kr1.13B | -104.02 | -4.20% | ― | 28.39% | -141.02% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | kr890.06M | -23.10 | -4.42% | ― | 4.66% | 27.83% | |
48 Neutral | kr221.34M | -4.28 | -18.55% | ― | 0.31% | -26.18% | |
47 Neutral | kr658.73M | -5.21 | -36.55% | ― | 48.53% | 17.86% | |
45 Neutral | kr457.44M | -8.73 | ― | ― | 13.96% | 20.18% |
* Healthcare Sector Average
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Sedana Medical AB Corporate Events
Sedana Medical Sets July 17 Date for Q2 2026 Interim Report and Investor Presentation
Jul 3, 2026
Sedana Medical AB, a Stockholm-based medtech and pharmaceutical company listed on Nasdaq Stockholm, focuses on inhaled sedation for mechanically ventilated ICU patients through its Sedaconda ACD device and Sedaconda (isoflurane) drug. The company ...
Sedana Medical Names Mikael Haag as New CFO to Drive Expansion
Jun 17, 2026
Sedana Medical AB, listed on Nasdaq Stockholm and headquartered in Stockholm, develops and markets inhaled sedation solutions for intensive care, pairing its Sedaconda ACD device with the Sedaconda (isoflurane) drug and distributing them through a...
Sedana Medical Files FDA NDA for First Inhaled ICU Sedation Therapy in U.S.
Jun 17, 2026
Sedana Medical AB, a Stockholm-listed medtech and pharmaceutical group, focuses on inhaled sedation solutions that combine a proprietary delivery device with isoflurane for intensive care patients on mechanical ventilation. The company has built a...
Sedana Medical AGM Backs No-Dividend Policy, New Share Mandate and Incentive Plan
May 27, 2026
Sedana Medical AB’s annual general meeting on 27 May 2026 approved the 2025 financial statements, decided not to distribute a dividend, and carried forward available funds, signalling a continued focus on capital retention. Shareholders also...
Sedana Medical Calls AGM to Vote on Governance and New Incentive Plan
Apr 24, 2026
Sedana Medical AB has called its annual general meeting for 27 May 2026 in Danderyd, Sweden, setting the timetable and procedural rules for shareholders to participate, including registration deadlines and requirements for nominee-registered share...
Sedana Medical Turns Positive EBITDA Despite Softer Q1 Sales
Apr 23, 2026
Sedana Medical reported first‑quarter 2026 net sales of SEK 53.4 million, down 7% year on year, though the gross margin held steady at 71% and the company achieved a positive Group EBITDA of SEK 1.8 million. EBITDA excluding the U.S. improve...
Sedana Medical Posts Record Sales and Advances Toward U.S. ICU Sedation Market
Apr 14, 2026
Sedana Medical reports record sales and a profitable core business outside the U.S., underscoring strong traction for its inhaled sedation products in established markets. The company highlights a structured commercial footprint through direct sal...
Sedana Medical sets April 23 date for first‑quarter 2026 results and investor presentation
Apr 10, 2026
Sedana Medical, a specialist in inhaled sedation solutions for intensive care, will report results for the first quarter of 2026 on April 23. The Swedish medtech and pharmaceutical company markets its Sedaconda ACD device and Sedaconda (isoflurane...
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.