Smart Eye AB (SE:SEYE)
:SEYE
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Smart Eye AB
(SEYE)
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Rating:51Neutral
Price Target:
kr87.00
▲(7.87% Upside)
Action:Reiterated
Date:05/21/26
The score is held back primarily by weak financial quality—persistent losses and ongoing cash burn—despite improving gross margins and revenue growth. Technicals are strong but overbought, and valuation is difficult to justify with negative earnings and no dividend yield provided.
Positive Factors
Revenue growth trend
Smart Eye shows multi-year top-line growth and TTM revenue expansion, indicating rising adoption of its in-cabin sensing tech. Durable revenue expansion increases probability of more design wins reaching production and recurring royalties, supporting structural scale over months.
Negative Factors
Persistent negative profitability
Despite revenue growth and better gross margins, EBIT and net income remain meaningfully negative across periods. Continued structural losses indicate the cost base (R&D, SG&A) still outpaces revenues, making sustainable profitability dependent on sustained revenue scale or material cost reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth trend
Smart Eye shows multi-year top-line growth and TTM revenue expansion, indicating rising adoption of its in-cabin sensing tech. Durable revenue expansion increases probability of more design wins reaching production and recurring royalties, supporting structural scale over months.
Read all positive factors
Smart Eye AB (SEYE) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.78B
Dividend YieldN/A
Average Volume (3M)310.41K
Price to Earnings (P/E)―
Beta (1Y)0.56
Revenue Growth22.58%
EPS Growth39.84%
CountrySE
Employees289
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-3.72
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)4.15
Revenue Forecast (FY)kr721.00M
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 primarily by selling its eye-tracking and in-cabin sensing technology to customers that integrate these capabilities into vehicles and related products. Key revenue streams typically include: (1) Automotive software and licen...
Smart Eye AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 440.07M | 403.67M | 355.05M | 302.23M | 219.54M | 109.68M |
| Gross Profit | 344.28M | 182.24M | 319.00M | 267.10M | 192.50M | 97.25M |
| EBITDA | 160.00K | 2.69M | -80.31M | -161.39M | -193.80M | -71.71M |
| Net Income | -140.47M | -172.75M | -230.41M | -75.54M | -340.29M | -132.71M |
Balance Sheet | ||||||
| Total Assets | 2.02B | 1.90B | 1.92B | 1.83B | 1.68B | 1.75B |
| Cash, Cash Equivalents and Short-Term Investments | 99.96M | 134.81M | 22.40M | 79.73M | 62.66M | 278.36M |
| Total Debt | 305.05M | 308.12M | 57.59M | 5.01M | 62.75M | 78.91M |
| Total Liabilities | 655.35M | 604.67M | 324.13M | 269.00M | 378.31M | 295.44M |
| Stockholders Equity | 1.37B | 1.30B | 1.59B | 1.56B | 1.30B | 1.45B |
Cash Flow | ||||||
| Free Cash Flow | -69.54M | -41.37M | -220.78M | -129.50M | -275.55M | -158.59M |
| Operating Cash Flow | -11.28M | -39.11M | -115.92M | -121.53M | -180.12M | -102.38M |
| Investing Cash Flow | -129.05M | -117.20M | -104.86M | -95.56M | -95.44M | -313.80M |
| Financing Cash Flow | 231.88M | 268.99M | 164.28M | 234.07M | 59.14M | 476.08M |
Smart Eye AB Technical Analysis
Positive
80.65
Price Trends
65.24
Positive
68.60
Positive
73.04
Positive
Market Momentum
9.02
Negative
89.01
Negative
84.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SEYE, the sentiment is Positive. The current price of 80.65 is above the 20-day moving average (MA) of 78.78, above the 50-day MA of 65.24, and above the 200-day MA of 73.04, indicating a bullish trend. The MACD of 9.02 indicates Negative momentum. The RSI at 89.01 is Negative, neither overbought nor oversold. The STOCH value of 84.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | kr2.93B | 25.78 | 32.28% | 1.41% | 6.61% | 20.90% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | kr1.67B | 19.24 | ― | ― | -2.24% | -18.90% | |
54 Neutral | kr2.08B | -1.09 | -50.59% | ― | -14.28% | -2243.88% | |
54 Neutral | kr1.07B | 2.16 | ― | 1.92% | -40.78% | 2331.24% | |
52 Neutral | kr376.85M | -8.28 | -128.85% | ― | ― | 25.55% | |
51 Neutral | kr3.78B | -26.61 | ― | ― | 22.58% | 39.84% |
* Technology Sector Average
SE:SEYE
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29.65
43.54%
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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.