Scandinavian Enviro Systems AB (SE:SES)
:SES
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Scandinavian Enviro Systems AB
(SES)
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Rating:46Neutral
Price Target:
kr0.18
▼(-77.95% Downside)
Action:ReiteratedDate:04/24/26
The score is primarily held back by weak and unstable financial performance (sharp 2025 losses and consistently negative free cash flow), with additional pressure from bearish technicals (price below key moving averages and negative MACD). A low-leverage balance sheet provides some offset, but valuation is constrained by loss-making results and no indicated dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage and sizable equity provide structural financial resilience. Over a 2–6 month horizon this reduces refinancing risk, supports continued R&D and project development, and gives SES optionality to pursue opportunistic plant investments or partnerships without immediate solvency pressure.
Negative Factors
Persistent negative free cash flow
Consistent negative FCF limits SES’s ability to self-fund plant rollouts and working capital, forcing reliance on external capital. Over the next several months this constrains scaling, increases dilution or debt risk, and could delay commercialization milestones tied to cash availability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and sizable equity provide structural financial resilience. Over a 2–6 month horizon this reduces refinancing risk, supports continued R&D and project development, and gives SES optionality to pursue opportunistic plant investments or partnerships without immediate solvency pressure.
Read all positive factors
Scandinavian Enviro Systems AB (SES) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr210.83M
Dividend YieldN/A
Average Volume (3M)2.49M
Price to Earnings (P/E)―
Beta (1Y)-1.67
Revenue Growth-81.53%
EPS Growth-634.82%
CountrySE
Employees43
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)-0.27
Shares Outstanding1,095,772,200
10 Day Avg. Volume3,094,586
30 Day Avg. Volume2,489,538
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)3.45
Price to Sales (P/S)24.68
P/FCF Ratio-10.59
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)-0.04
Revenue Forecast (FY)kr55.00M
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, tyr...
How the Company Makes Money
SES makes money primarily by commercializing its tyre-recycling technology and by monetizing the products generated from tyre pyrolysis.
Key revenue streams include:
1) Technology and plant commercialization: SES sells the right to use its proces...
Scandinavian Enviro Systems AB Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 31.53M | 170.75M | 13.94M | 7.98M | 7.59M |
| Gross Profit | -101.84M | 161.05M | -27.50M | 5.91M | 6.68M |
| EBITDA | -84.25M | 71.39M | -79.48M | -75.00M | -48.50M |
| Net Income | -366.62M | 53.62M | -92.32M | -83.39M | -57.33M |
Balance Sheet | |||||
| Total Assets | 281.04M | 444.88M | 381.40M | 170.85M | 243.04M |
| Cash, Cash Equivalents and Short-Term Investments | 73.49M | 75.31M | 214.90M | 29.98M | 123.25M |
| Total Debt | 3.58M | 4.39M | 5.21M | 6.02M | 776.00K |
| Total Liabilities | 55.26M | 57.47M | 47.60M | 27.27M | 15.87M |
| Stockholders Equity | 225.79M | 387.41M | 333.79M | 143.58M | 227.16M |
Cash Flow | |||||
| Free Cash Flow | -73.49M | -30.35M | -96.81M | -98.66M | -55.73M |
| Operating Cash Flow | -71.21M | 54.24M | -57.80M | -65.74M | -41.30M |
| Investing Cash Flow | -134.79M | -193.01M | -39.01M | -32.78M | -14.43M |
| Financing Cash Flow | 204.18M | -816.00K | 281.73M | 5.25M | 139.40M |
Scandinavian Enviro Systems AB Technical Analysis
Negative
0.83
Price Trends
0.23
Negative
0.53
Negative
0.73
Negative
Market Momentum
-0.01
Positive
39.01
Neutral
13.03
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SES, the sentiment is Negative. The current price of 0.83 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.23, and above the 200-day MA of 0.73, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 39.01 is Neutral, neither overbought nor oversold. The STOCH value of 13.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SES.
Scandinavian Enviro Systems AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | kr658.24M | 28.32 | 2.34% | ― | 4.41% | 194.81% | |
49 Neutral | kr1.08B | -3.09 | 18.63% | 5.62% | 359.58% | -323.15% | |
47 Neutral | kr566.00M | -48.91 | -2.59% | ― | -9.41% | 71.59% | |
46 Neutral | kr210.83M | -2.12 | -20.69% | ― | -81.53% | -634.82% |
* Industrials Sector Average
SE:SES
Scandinavian Enviro Systems AB
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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.