Smart Eye AB (SE:SEYE)
:SEYE
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Smart Eye AB
(SEYE)
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Rating:44Neutral
Price Target:
kr51.00
▼(-36.76% Downside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by weak financial quality—persistent losses and ongoing cash burn—despite strong revenue growth and improving 2025 operating trajectory. Technicals are also soft with bearish momentum signals. Valuation provides limited support due to negative earnings and no dividend data.
Positive Factors
Revenue Growth
Consistent multi-year revenue growth and strong gross profit indicate durable end-market demand and viable unit economics. For a software-driven DMS business, recurring licensing and scaling with vehicle production support sustained revenue as design wins convert to series programs.
Negative Factors
Structural Unprofitability
Persistent negative EBIT and net losses year after year indicate the business has not yet achieved stable profitability. Continued structural losses raise reliance on external funding and heighten execution risk until margins and operating income sustainably improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent multi-year revenue growth and strong gross profit indicate durable end-market demand and viable unit economics. For a software-driven DMS business, recurring licensing and scaling with vehicle production support sustained revenue as design wins convert to series programs.
Read all positive factors
Smart Eye AB (SEYE) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.07B
Dividend YieldN/A
Average Volume (3M)310.41K
Price to Earnings (P/E)―
Beta (1Y)0.42
Revenue Growth10.25%
EPS Growth-698.93%
CountrySE
Employees289
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.31
Shares Outstanding38,678,480
10 Day Avg. Volume512,411
30 Day Avg. Volume310,414
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)2.29
Price to Sales (P/S)7.35
P/FCF Ratio-71.70
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)6.56
Revenue Forecast (FY)kr747.20M
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 of...
How the Company Makes Money
Smart Eye makes money mainly by selling its eye-tracking/driver-monitoring software and related solutions to customers, with the automotive segment typically structured around design wins that lead to production programs once a vehicle platform go...
Smart Eye AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 403.67M | 355.05M | 302.23M | 219.54M | 109.68M |
| Gross Profit | 182.24M | 319.00M | 267.10M | 192.50M | 97.25M |
| EBITDA | 2.69M | -80.31M | -161.39M | -193.80M | -71.71M |
| Net Income | -172.75M | -230.41M | -75.54M | -340.29M | -132.71M |
Balance Sheet | |||||
| Total Assets | 1.90B | 1.92B | 1.83B | 1.68B | 1.75B |
| Cash, Cash Equivalents and Short-Term Investments | 134.81M | 22.40M | 79.73M | 62.66M | 278.36M |
| Total Debt | 333.01M | 57.59M | 5.01M | 62.75M | 78.91M |
| Total Liabilities | 604.67M | 324.13M | 269.00M | 378.31M | 295.44M |
| Stockholders Equity | 1.30B | 1.59B | 1.56B | 1.30B | 1.45B |
Cash Flow | |||||
| Free Cash Flow | -41.37M | -220.78M | -129.50M | -275.55M | -158.59M |
| Operating Cash Flow | -39.11M | -115.92M | -121.53M | -180.12M | -102.38M |
| Investing Cash Flow | -117.20M | -104.86M | -95.56M | -95.44M | -313.80M |
| Financing Cash Flow | 268.99M | 164.28M | 234.07M | 59.14M | 476.08M |
Smart Eye AB Technical Analysis
Negative
80.65
Price Trends
66.93
Negative
71.94
Negative
72.82
Negative
Market Momentum
-3.53
Negative
37.35
Neutral
46.82
Neutral
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 80.65 is above the 20-day moving average (MA) of 55.72, above the 50-day MA of 66.93, and above the 200-day MA of 72.82, indicating a bearish trend. The MACD of -3.53 indicates Negative momentum. The RSI at 37.35 is Neutral, neither overbought nor oversold. The STOCH value of 46.82 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | kr2.70B | 34.18 | 32.28% | 1.41% | 11.23% | 16.24% | |
55 Neutral | kr1.21B | 2.92 | ― | 1.92% | -8.38% | -38.17% | |
55 Neutral | kr1.07B | 27.75 | ― | ― | 0.86% | 73.68% | |
52 Neutral | kr1.33B | -0.52 | -50.59% | ― | -21.66% | ― | |
44 Neutral | kr2.07B | -17.17 | ― | ― | 10.25% | -698.93% | |
42 Neutral | kr136.98M | -2.94 | -128.85% | ― | ― | 24.94% |
* Technology Sector Average
SE:SEYE
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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.