Scandinavian Enviro Systems AB (SES) AI Stock Analysis

• Market Cap: €1.12B
• Dividend Yield: N/A
• Average Volume (3M): 9.17M
• Price to Earnings (P/E): 12.9
• Beta (1Y): 0.39
• Revenue Growth: -33.10%
• EPS Growth: -376.11%
• Country: SE
• Employees: 43
• Sector: Industrials
• Sector Strength: 72
• Industry: Waste Management
• EPS (TTM): -0.03
• Shares Outstanding: 1,095,772,200
• 10 Day Avg. Volume: 6,082,376
• 30 Day Avg. Volume: 9,167,221
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €0.99
• Price Target Upside: -2.74% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 49 Neutral
• Price Target: kr1.00 ▼(-1.96% Downside)

The overall stock score of 49 reflects significant challenges in financial performance, particularly in revenue growth and profitability. Technical indicators suggest some short-term recovery potential, but the valuation remains unattractive due to negative earnings and lack of dividends. The company's strong balance sheet provides some stability, but operational inefficiencies need to be addressed for improvement.

Scandinavian Enviro Systems AB Business Overview & Revenue Model

Company Description

Scandinavian Enviro Systems AB (publ) develops, constructs, owns, and operates plants for material recovery of resources from used tires worldwide. Its plants and circular materials include carbon black, oil, steel, and gas for general rubber, tyre, and rubber membrane applications. The company was incorporated in 2001 and is headquartered in Gothenburg, Sweden.

How the Company Makes Money

Scandinavian Enviro Systems AB generates revenue primarily through the sale of recovered materials such as carbon black, oil, and steel, which are extracted from recycled tires using their patented pyrolysis technology. These materials are sold to various industries, including automotive and manufacturing, which utilize them in producing new products. SES also engages in strategic partnerships and joint ventures to expand its technological reach and market presence, which contribute to its financial performance. Additionally, the company may earn income from licensing its technology to other recycling operators, fostering a broader adoption of sustainable tire recycling methods.

Scandinavian Enviro Systems AB Financial Statement Overview

Summary

Scandinavian Enviro Systems AB shows strong revenue growth potential but struggles with profitability and cash flow consistency. The balance sheet is robust with a strong equity position, but operational inefficiencies and cash flow management need improvement.

Income Statement

The income statement indicates a volatile financial performance. The company has experienced significant revenue growth from 2020 to 2025, with a notable increase in 2024. However, profitability remains a concern, as the company reported negative net income for most periods except 2024. The gross profit margin improved significantly in 2024 but deteriorated in the TTM period. Consistently negative EBIT margins suggest operational inefficiencies.

Balance Sheet

The balance sheet shows a strong equity position with a high equity ratio, suggesting financial stability. The debt-to-equity ratio is low, indicating low leverage risk. However, the company's total assets have fluctuated, and the return on equity is inconsistent, with a positive ROE only in 2024.

Cash Flow

The cash flow analysis reveals challenges in generating positive free cash flow, with significant negative free cash flow in recent periods. The operating cash flow has been negative in the TTM period, indicating potential liquidity concerns. The company has struggled to align operating cash flow with net income consistently.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	81.88M	170.75M	13.94M	7.98M	7.59M	1.51M
Gross Profit	72.67M	161.05M	-27.50M	5.91M	6.68M	1.50M
EBITDA	-32.67M	71.39M	-79.48M	-75.00M	-48.50M	-41.90M
Net Income	-52.19M	53.62M	-92.32M	-83.39M	-57.33M	-50.40M
Balance Sheet
Total Assets	628.54M	444.88M	381.40M	170.85M	243.04M	156.63M
Cash, Cash Equivalents and Short-Term Investments	203.31M	75.31M	214.90M	29.98M	123.25M	39.58M
Total Debt	3.98M	4.39M	5.21M	6.02M	776.00K	3.94M
Total Liabilities	80.46M	57.47M	47.60M	27.27M	15.87M	15.01M
Stockholders Equity	548.08M	387.41M	333.79M	143.58M	227.16M	141.63M
Cash Flow
Free Cash Flow	-146.98M	-30.35M	-96.81M	-98.66M	-55.73M	-48.42M
Operating Cash Flow	-36.10M	54.24M	-57.80M	-65.74M	-41.30M	-37.58M
Investing Cash Flow	-137.84M	-193.01M	-39.01M	-32.78M	-14.43M	-10.83M
Financing Cash Flow	221.03M	-816.00K	281.73M	5.25M	139.40M	29.33M

Scandinavian Enviro Systems AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SES, the sentiment is Neutral. The current price of 1.02 is below the 20-day moving average (MA) of 1.16, above the 50-day MA of 0.95, and below the 200-day MA of 1.18, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 47.40 is Neutral, neither overbought nor oversold. The STOCH value of 15.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:SES.

Scandinavian Enviro Systems AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
VSSAB.B	60 Neutral	€1.46B	18.49	4.35%	―	-3.65%	―
NORB.B	56 Neutral	€672.54M	52.95	1.08%	―	2.41%	―
SES	49 Neutral	€1.12B	12.92	-11.14%	―	-33.10%	-376.11%
GARO	45 Neutral	€909.00M	―	-8.93%	―	-10.68%	-95.44%