Spago Nanomedical AB (SE:SPAGO)
:SPAGO
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Spago Nanomedical AB
(SPAGO)
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Rating:47Neutral
Price Target:
kr0.14
▲(36.00% Upside)
Action:Reiterated
Date:05/07/26
The score is primarily held back by weak financial performance (ongoing losses, volatile low revenue, and sustained cash burn), partially offset by low balance-sheet leverage (zero debt). Technicals are mixed with modest near-term momentum but a weaker long-term trend, while valuation is constrained by negative earnings and no dividend.
Positive Factors
Zero debt / low leverage
Zero reported debt materially reduces refinancing and interest-rate risk for a pre-revenue biotech. For a company burning cash on clinical programs, low leverage preserves optionality for equity or partnership funding, lowering the odds of distress and supporting multi‑stage R&D timelines.
Negative Factors
Persistent negative operating cash flow
Consistently negative operating cash flow indicates the business consumes cash to fund R&D and operations, necessitating external financing or partnerships. Over the medium term this raises dilution risk, can constrain program sequencing, and forces management to prioritize funding over optional long‑term investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero debt / low leverage
Zero reported debt materially reduces refinancing and interest-rate risk for a pre-revenue biotech. For a company burning cash on clinical programs, low leverage preserves optionality for equity or partnership funding, lowering the odds of distress and supporting multi‑stage R&D timelines.
Read all positive factors
Spago Nanomedical AB (SPAGO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr91.30M
Dividend YieldN/A
Average Volume (3M)1.01M
Price to Earnings (P/E)―
Beta (1Y)1.08
Revenue Growth-93.63%
EPS Growth29.30%
CountrySE
Employees13
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.04
Shares Outstanding661,572,800
10 Day Avg. Volume1,158,815
30 Day Avg. Volume1,005,829
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.42
Price to Sales (P/S)99.92
P/FCF Ratio0.00
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)-0.05
Revenue Forecast (FY)N/A
Spago Nanomedical AB Business Overview & Revenue Model
Company Description
Spago Nanomedical AB (publ) develops nanomedicines for cancer diagnostics and treatment primarily in Sweden. It is involved in the development of SN132D, a gadolinium-free MRI contrast agent for the treatment of breast and pancreas cancer under th...
How the Company Makes Money
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Spago Nanomedical AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 107.00K | 437.00K | 1.91M | 1.20M | 1.05M | 660.00K |
| Gross Profit | -17.19M | -19.38M | -12.36M | -23.28M | -15.60M | -16.78M |
| EBITDA | -20.80M | -26.39M | -33.40M | -42.22M | -38.73M | -38.69M |
| Net Income | -19.65M | -26.55M | -32.51M | -42.22M | -39.31M | -39.08M |
Balance Sheet | ||||||
| Total Assets | 30.34M | 36.68M | 39.58M | 52.98M | 205.95M | 191.62M |
| Cash, Cash Equivalents and Short-Term Investments | 25.92M | 29.67M | 32.47M | 45.22M | 62.10M | 52.46M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 6.14M | 5.94M | 6.35M | 11.67M | 8.80M | 6.81M |
| Stockholders Equity | 24.20M | 30.75M | 33.23M | 41.32M | 197.16M | 184.81M |
Cash Flow | ||||||
| Free Cash Flow | -8.31M | 0.00 | -34.90M | -45.06M | -42.02M | -40.20M |
| Operating Cash Flow | -17.75M | -28.30M | -34.67M | -44.91M | -38.19M | -35.57M |
| Investing Cash Flow | -79.00K | 633.00K | -230.00K | -506.00K | -3.83M | -4.63M |
| Financing Cash Flow | 24.43M | 24.87M | 22.15M | 28.53M | 51.66M | 64.21M |
Spago Nanomedical AB Technical Analysis
Neutral
0.10
Price Trends
0.12
Positive
0.12
Positive
0.14
Negative
Market Momentum
<0.01
Negative
53.93
Neutral
65.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SPAGO, the sentiment is Neutral. The current price of 0.1 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.12, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.93 is Neutral, neither overbought nor oversold. The STOCH value of 65.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:SPAGO.
Spago Nanomedical AB Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | kr213.70M | 0.14 | -294.38% | ― | 57.22% | ― | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | kr54.73M | -1.74 | -457.91% | ― | ― | -28.09% | |
47 Neutral | kr91.30M | -2.58 | -106.95% | ― | -93.63% | 29.30% | |
44 Neutral | kr130.55M | -1.48 | -52.45% | ― | -5.23% | 47.93% | |
43 Neutral | kr908.90K | -0.18 | -213.85% | ― | -100.00% | 35.95% | |
42 Neutral | kr23.01M | -1.86 | -120.13% | ― | ― | 24.27% |
* Healthcare Sector Average
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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.