Scandinavian Enviro Systems AB (SE:SES)
:SES
Want to see SE:SES full AI Analyst Report?
Top Page
Scandinavian Enviro Systems AB
(SES)
Select Model
Select Model
Rating:47Neutral
Price Target:
kr0.24
▼(-71.69% Downside)
Action:Reiterated
Date:05/23/26
The score is held down primarily by weak financial performance, including severe profitability deterioration and ongoing cash burn, despite a low-debt balance sheet. Technicals show only modest short-term stabilization within a longer-term downtrend, and valuation inputs are not supportive due to a negative P/E and no dividend data.
Positive Factors
Proprietary tyre pyrolysis technology
SES’s proprietary tyre-pyrolysis process is a durable competitive asset: it targets circular-material supply chains and creates recoverable outputs (rCB) with industrial end markets. Over 2-6 months this underpins licensing, plant sales, and long-term offtakes versus commodity competitors.
Negative Factors
Sharp profitability deterioration
Negative gross profit and large net losses signal structural cost or pricing issues that directly damage margin sustainability. Persisting at this level will erode equity, hinder partner confidence and make it difficult to fund operations without dilutive capital or costly financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary tyre pyrolysis technology
SES’s proprietary tyre-pyrolysis process is a durable competitive asset: it targets circular-material supply chains and creates recoverable outputs (rCB) with industrial end markets. Over 2-6 months this underpins licensing, plant sales, and long-term offtakes versus commodity competitors.
Read all positive factors
Scandinavian Enviro Systems AB (SES) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr197.24M
Dividend YieldN/A
Average Volume (3M)2.49M
Price to Earnings (P/E)―
Beta (1Y)-1.51
Revenue Growth-73.84%
EPS Growth-55942.86%
CountrySE
Employees43
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)-0.38
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
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.52M | 31.53M | 170.75M | 13.94M | 7.98M | 7.59M |
| Gross Profit | -63.12M | -101.84M | 161.05M | -27.50M | 5.91M | 6.68M |
| EBITDA | -84.29M | -84.25M | 71.39M | -79.48M | -75.00M | -48.50M |
| Net Income | -423.74M | -366.62M | 53.62M | -92.32M | -83.39M | -57.33M |
Balance Sheet | ||||||
| Total Assets | 174.11M | 281.04M | 444.88M | 381.40M | 170.85M | 243.04M |
| Cash, Cash Equivalents and Short-Term Investments | 35.03M | 73.49M | 75.31M | 214.90M | 29.98M | 123.25M |
| Total Debt | 0.00 | 3.58M | 4.39M | 5.21M | 6.02M | 776.00K |
| Total Liabilities | 28.82M | 55.26M | 57.47M | 47.60M | 27.27M | 15.87M |
| Stockholders Equity | 145.29M | 225.79M | 387.41M | 333.79M | 143.58M | 227.16M |
Cash Flow | ||||||
| Free Cash Flow | -123.41M | -73.49M | -30.35M | -96.81M | -98.66M | -55.73M |
| Operating Cash Flow | -90.81M | -71.21M | 54.24M | -57.80M | -65.74M | -41.30M |
| Investing Cash Flow | -109.64M | -134.79M | -193.01M | -39.01M | -32.78M | -14.43M |
| Financing Cash Flow | 204.25M | 204.18M | -816.00K | 281.73M | 5.25M | 139.40M |
Scandinavian Enviro Systems AB Technical Analysis
Positive
0.83
Price Trends
0.20
Positive
0.38
Negative
0.66
Negative
Market Momentum
>-0.01
Negative
59.52
Neutral
49.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SES, the sentiment is Positive. The current price of 0.83 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.20, and above the 200-day MA of 0.66, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 59.52 is Neutral, neither overbought nor oversold. The STOCH value of 49.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
49 Neutral | kr628.00M | -8.28 | -2.59% | ― | -8.83% | 33.46% | |
49 Neutral | kr1.09B | 1.39 | 18.63% | 5.62% | -7.73% | -198.18% | |
47 Neutral | kr197.24M | -0.88 | -20.69% | ― | -73.84% | -55942.86% | |
45 Neutral | kr635.34M | 41.09 | 2.34% | ― | 1.56% | 70.48% |
* Industrials Sector Average
SE:SES
Scandinavian Enviro Systems AB
0.24
-0.56
-70.13%
SE:GARO
GARO AB
12.68
-7.77
-38.00%
SE:NORB.B
Nordisk Bergteknik AB Class B
11.20
0.20
1.82%
SE:EOLU.B
Eolus Vind AB Class B
46.35
-4.69
-9.19%
SE:META
Metacon AB
0.28
0.09
50.82%
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.