Smart Eye AB (SEYE) AI Stock Analysis

• Market Cap: kr2.28B
• Dividend Yield: N/A
• Average Volume (3M): 168.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.59
• Revenue Growth: 10.80%
• EPS Growth: -332.94%
• Country: SE
• Employees: 289
• Sector: Technology
• Sector Strength: 94
• Industry: Software - Application
• EPS (TTM): -1.47
• Shares Outstanding: 37,456,654
• 10 Day Avg. Volume: 153,793
• 30 Day Avg. Volume: 168,237
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: kr60.00
• Price Target Upside: -1.64% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 42 Neutral
• Price Target: kr60.00 ▼(-1.64% Downside)

The overall stock score is primarily impacted by the company's financial performance, which is hindered by profitability and cash flow challenges despite strong revenue growth. Technical analysis indicates a bearish trend, and valuation metrics are unattractive due to negative earnings. The absence of earnings call insights and corporate events leaves these areas unaddressed.

Smart Eye AB Business Overview & Revenue Model

Company Description

Smart Eye AB (publ) develops human insight artificial intelligence (AI) technology solutions that understands, supports, and predicts human behavior in the Nordics countries, rest of Europe, North America, Asia, and internationally. The company offers driver monitoring systems and interior sensing solutions for automotive market; and AIS, an end-to-end driver monitoring hardware and software system for fleet and aftermarket. It also provides various behavioral research products, including smart eye research instruments under the Smart Eye Pro, AI-X, XO, and Aurora names, as well as offers smart recorders, software, and analysis services to automotive, aviation and aerospace, media and marketing, psychology and neuroscience, and behavioral research industries. In addition, the company offers media analytics platform comprising emotion AI for video testing, cloud-based service used for analyzing images and videos of humans expressing emotion to support qualitative research, and software development kits that enable developers to incorporate emotion sensing to their apps and digital experiences; and iMotions, a human insights software to collect and analyze human behavior data through eye tracking, galvanic skin response, facial expression analysis, EEG, EMG, and ECG on one convenient platform. Smart Eye AB (publ) was incorporated in 1999 and is headquartered in Gothenburg, Sweden.

How the Company Makes Money

Smart Eye AB generates revenue primarily through the sale and licensing of its eye-tracking solutions and software. Key revenue streams include direct sales to automotive manufacturers for integration into their vehicles, where their technology is used for driver monitoring systems to enhance safety features. Additionally, the company earns from research institutions and companies in sectors like aviation and consumer electronics that utilize their eye-tracking systems for various applications. Smart Eye also engages in partnerships and collaborations with major players in the automotive industry, thereby enhancing its market reach and creating joint revenue opportunities. These partnerships often involve long-term contracts and development agreements, which contribute significantly to the company's earnings.

Smart Eye AB Financial Statement Overview

Summary

Smart Eye AB shows promising revenue growth with a strong gross profit margin, but faces significant profitability and cash flow challenges. Persistent losses and cash flow pressures indicate critical areas needing operational and financial restructuring.

Income Statement

The Income Statement reveals a company struggling with profitability despite substantial revenue growth. The Gross Profit Margin is strong at 89.56% TTM, yet the firm remains unprofitable with a significant Net Profit Margin of -63.81% TTM, indicating ongoing challenges in controlling costs. Revenue is on an upward trajectory, with a notable growth rate of 18.59% from 2022 to 2023, yet high negative EBIT and EBITDA margins of -69.62% and -20.99% TTM, respectively, signal operational inefficiencies.

Balance Sheet

The Balance Sheet presents a mixed picture. The company has a low Debt-to-Equity Ratio of 0.08 TTM, suggesting a conservative leverage approach. Return on Equity is negative at -15.53% TTM, reflecting profitability challenges. The Equity Ratio stands at a healthy 80.38% TTM, demonstrating strong financial stability, though the persistent losses pose a risk to future equity levels.

Cash Flow

Cash Flow analysis indicates a company under financial strain. The Free Cash Flow is deeply negative, and the Free Cash Flow to Net Income Ratio is 0.91 TTM, reflecting limited cash generation relative to net income losses. Operating Cash Flow to Net Income Ratio is negative, further highlighting cash management issues. Although there is a slight improvement in Free Cash Flow Growth Rate compared to previous periods, it remains negative, pointing to ongoing liquidity challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	355.05M	302.23M	219.54M	109.68M	65.10M
Gross Profit	319.00M	267.10M	192.50M	97.25M	57.52M
EBITDA	-80.31M	-163.30M	-193.80M	-71.71M	-55.59M
Net Income	-230.41M	-75.54M	-340.29M	-132.71M	-77.56M
Balance Sheet
Total Assets	1.92B	1.83B	1.68B	1.75B	386.47M
Cash, Cash Equivalents and Short-Term Investments	22.40M	79.73M	62.66M	278.36M	218.70M
Total Debt	57.59M	5.01M	62.75M	78.91M	1.67M
Total Liabilities	324.13M	269.00M	378.31M	295.44M	33.84M
Stockholders Equity	1.59B	1.56B	1.30B	1.45B	352.63M
Cash Flow
Free Cash Flow	-220.78M	-129.50M	-275.55M	-158.59M	-103.94M
Operating Cash Flow	-115.92M	-121.53M	-180.12M	-102.38M	-64.28M
Investing Cash Flow	-104.86M	-95.56M	-95.44M	-313.80M	-39.65M
Financing Cash Flow	164.28M	234.07M	59.14M	476.08M	177.47M

Smart Eye AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 61.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SEYE, the sentiment is Negative. The current price of 61 is below the 20-day moving average (MA) of 64.59, below the 50-day MA of 66.28, and above the 200-day MA of 58.73, indicating a neutral trend. The MACD of -1.17 indicates Positive momentum. The RSI at 36.16 is Neutral, neither overbought nor oversold. The STOCH value of 5.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SEYE.

Smart Eye AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$36.28B	7.09	-7.27%	1.97%	7.76%	-8.56%
SEYE	42 Neutral	kr2.28B	―		―	10.80%	-332.94%
TBIIF	―	$76.04M	42.38	2.87%	―	―	―
7ST	―	€16.57M	―	-34.17%	―	―	―
86M	―	€14.64M	―	-18.50%	―	―	―
65R	―	€82.27M	38.31	22.25%	―	―	―
2DG	―	€81.01M	―	-11.72%	―	―	―