Serstech AB (SE:SERT)
:SERT
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Serstech AB
(SERT)
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Rating:42Neutral
Price Target:
kr0.35
▼(-39.14% Downside)
Action:ReiteratedDate:03/04/26
The score is primarily held down by deteriorating financial performance (shrinking revenue, deeply negative margins, and significant TTM cash burn) and a bearish technical setup (price below all key moving averages with negative MACD). Valuation provides limited offset because the negative P/E reflects losses and there is no dividend yield data to support the case.
Positive Factors
Specialized Product Market
Serstech sells specialized handheld Raman chemical-ID instruments into stable, mission-critical end markets (law enforcement, customs, emergency response). Those customers value reliable identification and certification, creating durable demand, higher switching costs and repeatable after-sales/software revenue streams.
Negative Factors
Declining Revenue
Sustained top-line decline (TTM down ~15%) signals weakening market traction or competitive pressure. Lower revenue undermines operating leverage for a hardware-centric business, making it harder to cover fixed R&D, manufacturing and support costs and jeopardizing long-term margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized Product Market
Serstech sells specialized handheld Raman chemical-ID instruments into stable, mission-critical end markets (law enforcement, customs, emergency response). Those customers value reliable identification and certification, creating durable demand, higher switching costs and repeatable after-sales/software revenue streams.
Read all positive factors
Serstech AB (SERT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr92.57M
Dividend YieldN/A
Average Volume (3M)418.34K
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue Growth5.57%
EPS Growth-47.82%
CountrySE
Employees26
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)-0.04
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 AB generates revenue primarily through the sale of its handheld chemical identification devices. The company offers comprehensive solutions that include both hardware and accompanying software, which enable seamless integration and data m...
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
Negative
0.58
Price Trends
0.44
Negative
0.53
Negative
0.55
Negative
Market Momentum
-0.02
Negative
38.73
Neutral
15.51
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SERT, the sentiment is Negative. The current price of 0.58 is above the 20-day moving average (MA) of 0.37, above the 50-day MA of 0.44, and above the 200-day MA of 0.55, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 38.73 is Neutral, neither overbought nor oversold. The STOCH value of 15.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | kr288.28M | -10.83 | -17.29% | ― | ― | ― | |
55 Neutral | kr264.43M | -12.04 | -9.48% | ― | -1.89% | -59.17% | |
48 Neutral | kr284.31M | -7.33 | ― | ― | -57.89% | 91.07% | |
47 Neutral | kr58.09M | -4.19 | ― | ― | ― | ― | |
44 Neutral | kr96.18M | -6.99 | -29.85% | ― | 114.57% | 53.86% | |
42 Neutral | kr92.57M | -4.94 | -44.96% | ― | 5.57% | -47.82% |
* Basic Materials Sector Average
SE:SERT
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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.