Serstech AB (SE:SERT)
:SERT
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Serstech AB
(SERT)
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Rating:47Neutral
Price Target:
kr0.55
▼(-4.83% Downside)
Action:ReiteratedDate:05/01/26
The score is primarily held back by weak financial performance—shrinking revenue, deeply negative profitability, and significant TTM cash burn—despite a low-leverage (no debt) balance sheet. Technicals are supportive of near-term strength (price above key moving averages and positive MACD) but are overextended (RSI/Stoch high), while valuation is constrained by negative earnings and no provided dividend yield.
Positive Factors
High Gross Margins
Sustained gross margins near 70% indicate strong unit economics for Serstech's Raman instruments and related software. High product-level margins provide structural bandwidth to invest in R&D, support and library updates, and can buffer operating losses while scaling recurring software and services revenue.
Negative Factors
Revenue Decline
A sustained revenue decline (TTM -15.3%) signals weakening demand or execution issues in core markets. Over several quarters this erodes scale benefits, limits customer acquisition ROI, and reduces ability to cover fixed R&D and support costs, increasing dependence on external funding if trends persist.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Sustained gross margins near 70% indicate strong unit economics for Serstech's Raman instruments and related software. High product-level margins provide structural bandwidth to invest in R&D, support and library updates, and can buffer operating losses while scaling recurring software and services revenue.
Read all positive factors
Serstech AB (SERT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr143.44M
Dividend YieldN/A
Average Volume (3M)418.34K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue Growth-56.49%
EPS Growth-192.89%
CountrySE
Employees26
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)-0.12
Shares Outstanding254,319,050
10 Day Avg. Volume584,029
30 Day Avg. Volume418,342
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)3.02
Price to Sales (P/S)3.75
P/FCF Ratio-5.04
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)0.23
Revenue Forecast (FY)kr72.50M
Serstech AB Business Overview & Revenue Model
Company Description
Serstech AB provides chemical identification instruments worldwide. It offers the Serstech 100 Indicator, a handheld, small, and light Raman spectrometer for measuring chemicals, such as explosives, narcotics, toxic industrial chemicals, pharmaceu...
How the Company Makes Money
Serstech primarily makes money by selling its Raman spectroscopy hardware (handheld/portable substance-identification instruments) to end users and through distributors/resellers. Revenue is also generated from software associated with operating t...
Serstech AB Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 38.59M | 52.26M | 62.91M | 17.11M | 18.65M |
| Gross Profit | -28.92M | 38.33M | 48.59M | 12.93M | 15.53M |
| EBITDA | -20.59M | -8.78M | 12.98M | -21.24M | -9.77M |
| Net Income | -29.27M | -9.13M | 715.00K | -29.57M | -10.25M |
Balance Sheet | |||||
| Total Assets | 57.49M | 94.72M | 59.71M | 52.55M | 66.56M |
| Cash, Cash Equivalents and Short-Term Investments | 9.76M | 9.29M | 18.47M | 1.87M | 19.57M |
| Total Debt | 0.00 | 0.00 | 1.80M | 4.74M | 1.70M |
| Total Liabilities | 9.71M | 18.16M | 11.74M | 25.93M | 10.45M |
| Stockholders Equity | 47.79M | 76.56M | 47.97M | 26.62M | 56.11M |
Cash Flow | |||||
| Free Cash Flow | -28.67M | -8.49M | -1.37M | -20.75M | -13.19M |
| Operating Cash Flow | -28.02M | 562.00K | 7.63M | -13.16M | -628.00K |
| Investing Cash Flow | -9.40M | -7.95M | -9.00M | -7.59M | -12.55M |
| Financing Cash Flow | 37.88M | -1.80M | 17.98M | 3.04M | 21.36M |
Serstech AB Technical Analysis
Neutral
0.58
Price Trends
0.42
Negative
0.51
Negative
0.54
Negative
Market Momentum
>-0.01
Negative
55.74
Neutral
29.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SERT, the sentiment is Neutral. The current price of 0.58 is above the 20-day moving average (MA) of 0.37, above the 50-day MA of 0.42, and above the 200-day MA of 0.54, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.74 is Neutral, neither overbought nor oversold. The STOCH value of 29.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:SERT.
Serstech AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | kr261.01M | -5.04 | -17.29% | ― | ― | -66.59% | |
48 Neutral | kr357.13M | -11.07 | ― | ― | -24.76% | 95.06% | |
47 Neutral | kr143.44M | -3.54 | -44.96% | ― | -56.49% | -192.89% | |
47 Neutral | kr55.10M | -3.39 | ― | ― | ― | ― | |
46 Neutral | kr260.33M | -10.57 | -9.48% | ― | -4.50% | -62.45% | |
44 Neutral | kr87.71M | -5.84 | -29.85% | ― | 115.24% | 43.50% |
* Basic Materials 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.