Studsvik AB (SVIK) AI Stock Analysis

• Market Cap: kr2.28B
• Dividend Yield: 0.82%
• Average Volume (3M): 29.78K
• Price to Earnings (P/E): 109.3
• Beta (1Y): 0.66
• Revenue Growth: 3.86%
• EPS Growth: -28.91%
• Country: SE
• Employees: 540
• Sector: Industrials
• Sector Strength: 72
• Industry: Waste Management
• EPS (TTM): -0.24
• Shares Outstanding: 8,218,611
• 10 Day Avg. Volume: 31,315
• 30 Day Avg. Volume: 29,778
• PEG Ratio: -1.26
• Price to Book (P/B): 2.40
• Price to Sales (P/S): 1.08
• P/FCF Ratio: -21.15
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: kr300.00 ▲(14.50% Upside)

The score is primarily supported by strong revenue growth and a stable balance sheet, but it is held back by weak profitability and cash-flow conversion. Technicals are mixed with negative momentum signals, and valuation is a major headwind due to the very high P/E and low yield.

Positive Factors

Revenue Growth

Sustained 55% TTM revenue growth reflects strong demand for nuclear services and successful project execution. Over 2–6 months this supports larger backlog, scale benefits, and the ability to secure multi-year contracts, underpinning durable top-line expansion and reinvestment capacity.

Moderate Leverage

A debt-to-equity of 0.44 and a ~38% equity ratio indicate conservative, manageable leverage, giving the firm financial flexibility to fund capital-intensive decommissioning projects and invest in R&D. This balance sheet strength reduces refinancing risk and supports long-term contract bidding.

Stable Gross Margin

A stable ~22% gross margin signals durable pricing power or steady service mix in technical nuclear offerings. This margin base helps finance ongoing operational costs and targeted investments, preserving core service economics even if net margins are compressed by overhead or SG&A.

Negative Factors

Weak Net Profitability

Very low net margin and ROE indicate the company converts little revenue into shareholder returns. Persistently weak profitability limits retained earnings, constrains capacity to self-fund growth or return capital, and increases dependence on volume growth to drive shareholder value over time.

Poor Cash Conversion

Low operating-cash-to-net-income and declining FCF point to earnings quality and conversion issues. Reduced free cash constrains funding for capex, decommissioning work, or strategic M&A, raising the likelihood of external financing and limiting operational flexibility over the medium term.

Low Operating Margins

Subdued EBIT/EBITDA margins suggest operational inefficiencies or high fixed costs in service delivery. This makes profits sensitive to cost pressures and hampers margin expansion despite revenue growth, limiting long-term profitability resilience and returns on incremental revenue.

Studsvik AB Business Overview & Revenue Model

Company Description

Studsvik AB (SVIK) is a Swedish company that specializes in providing services and solutions for the nuclear industry, including nuclear power plants and the management of radioactive waste. The company operates primarily in the sectors of nuclear technology, waste management, and decommissioning of nuclear facilities. Its core products and services include engineering and consulting services, fuel and material testing, waste treatment and disposal, as well as operational support for nuclear power plants.

How the Company Makes Money

Studsvik AB generates revenue through a diverse range of services tailored to the nuclear sector. Key revenue streams include consulting and engineering services for nuclear facility operations, which involve optimizing performance and ensuring regulatory compliance. The company also earns income from the treatment and recycling of radioactive waste, which is crucial for the sustainable handling of nuclear materials. Additionally, revenue is derived from decommissioning projects, where Studsvik assists in safely dismantling and rehabilitating obsolete nuclear plants. Strategic partnerships with government agencies and private nuclear operators enhance their market presence and can lead to long-term contracts, driving consistent revenue. Furthermore, the company invests in research and development to innovate and expand its service offerings, which can lead to additional revenue opportunities.

Studsvik AB Financial Statement Overview

Summary

Studsvik AB demonstrates a stable financial structure with manageable debt levels and consistent gross profit margins. However, declining net profit margins and revenue growth, along with volatile cash flows, pose challenges. The company needs to focus on improving operational efficiency and cash generation to enhance financial performance.

Income Statement

Studsvik AB's income statement shows a mixed performance. The company has maintained a stable gross profit margin around 22-25% over the years, indicating consistent cost management. However, the net profit margin has declined to 1.1% in the TTM period, reflecting challenges in converting revenue into profit. The revenue growth rate has turned negative in the TTM period, suggesting a potential decline in market demand or operational challenges. EBIT and EBITDA margins have also decreased, indicating reduced operational efficiency.

Balance Sheet

The balance sheet of Studsvik AB reflects a moderate financial position. The debt-to-equity ratio has increased slightly but remains below 0.5, indicating manageable leverage. Return on equity has decreased over time, suggesting reduced profitability from shareholders' investments. The equity ratio remains stable, showing a solid capital structure with equity financing a significant portion of assets.

Cash Flow

Studsvik AB's cash flow statement indicates some volatility. The free cash flow growth rate has improved significantly in the TTM period, but previous periods showed negative growth, highlighting inconsistency. The operating cash flow to net income ratio is relatively low, suggesting challenges in converting net income into cash. The free cash flow to net income ratio is below 0.5, indicating limited cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	907.80M	893.10M	826.03M	814.77M	798.32M	721.93M
Gross Profit	206.10M	198.38M	209.66M	204.29M	207.10M	194.96M
EBITDA	59.20M	68.55M	97.43M	99.62M	114.09M	74.38M
Net Income	20.90M	9.60M	48.58M	47.87M	63.18M	35.20M
Balance Sheet
Total Assets	1.01B	1.07B	1.01B	1.02B	936.49M	760.53M
Cash, Cash Equivalents and Short-Term Investments	54.10M	56.32M	97.80M	120.08M	108.40M	75.15M
Total Debt	159.70M	188.47M	161.28M	101.21M	63.52M	99.96M
Total Liabilities	627.40M	662.60M	618.03M	586.44M	549.20M	447.13M
Stockholders Equity	381.90M	403.00M	389.20M	436.00M	386.91M	313.07M
Cash Flow
Free Cash Flow	36.20M	-45.71M	40.70M	-24.49M	55.16M	60.48M
Operating Cash Flow	66.20M	21.69M	82.39M	242.00K	113.70M	83.55M
Investing Cash Flow	-29.30M	-99.79M	-30.99M	-17.83M	-42.33M	-18.71M
Financing Cash Flow	-52.40M	32.10M	-71.80M	15.81M	-43.33M	-26.90M

Studsvik AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 262.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SVIK, the sentiment is Positive. The current price of 262 is below the 20-day moving average (MA) of 274.85, below the 50-day MA of 275.92, and above the 200-day MA of 201.81, indicating a bullish trend. The MACD of 1.45 indicates Negative momentum. The RSI at 56.10 is Neutral, neither overbought nor oversold. The STOCH value of 73.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SVIK.

Studsvik AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SVIK	60 Neutral	kr2.28B	109.32	5.48%	0.82%	3.86%	-28.91%
PCELL	52 Neutral	kr1.63B	-267.97	-1.63%	―	36.59%	91.88%
AXOLOT	46 Neutral	kr97.23M	-9.97	-17.60%	―	-27.29%	72.72%
CIRCHE	46 Neutral	kr37.15M	-4.95	-15.79%	―	―	―
BIOEX	44 Neutral	kr90.13M	-4.41	-111.91%	―	-27.18%	33.32%
SALT.B	39 Underperform	kr935.49M	-12.96	-40.77%	―	11.85%	6.39%

Studsvik AB Corporate Events

Studsvik Moves to Broaden Board with Nuclear and Investment Heavyweights

Studsvik AB’s Nomination Committee has updated its proposal ahead of the Extraordinary General Meeting on 23 January 2026, now recommending the election of two new board members, Julia Pyke and Adam Rodman, and expanding the board from seven to eight members. Pyke brings extensive experience in leading major UK nuclear power projects, including Sizewell C and Hinkley Point C, alongside her role on the UK Government’s Clean Power 2030 Advisory Commission, while Rodman contributes deep nuclear investment and policy expertise as founder and CIO of energy-focused investment firm Segra Capital. The proposed remuneration for the new board member will follow the compensation level set at the 2025 annual general meeting, applied pro rata from the date of the EGM, reflecting Studsvik’s effort to strengthen its governance and strategic capabilities as nuclear energy gains prominence in the global clean energy transition.

The most recent analyst rating on (SE:SVIK) stock is a Hold with a SEK297.00 price target. To see the full list of analyst forecasts on Studsvik AB stock, see the SE:SVIK Stock Forecast page.

Segra Capital Takes 9.9% Stake in Studsvik, Becomes New Anchor Shareholder

Segra Capital, a nuclear-focused investment firm based in the United States, has agreed to acquire a 9.9% stake in Studsvik AB from existing shareholders, becoming a new anchor shareholder in the Swedish nuclear technology group. In connection with the deal, Studsvik’s Nomination Committee will propose Segra founder and CIO Adam Rodman for election to the board at an extraordinary general meeting later in January, in a move the company’s chairman describes as a generational renewal that brings deep sector expertise and long-term capital. The transaction is structured entirely as a secondary share purchase with no new shares issued by Studsvik and undisclosed financial terms, meaning no immediate dilution for existing shareholders. Existing major shareholder Armada Investment’s Daniel S. Aegerter said the reinforced ownership base positions Studsvik to accelerate its transformation into a global nuclear technology leader and to pursue an ambitious M&A and innovation agenda aimed at capitalising on the expanding global nuclear power market.

The most recent analyst rating on (SE:SVIK) stock is a Hold with a SEK271.00 price target. To see the full list of analyst forecasts on Studsvik AB stock, see the SE:SVIK Stock Forecast page.

Studsvik Calls Extraordinary Meeting to Add UK Nuclear Executive Julia Pyke to Board

Studsvik AB has called an extraordinary general meeting for January 23, 2026, in Stockholm, inviting shareholders to resolve on changes to the board of directors, including registration, proxy and attendance procedures in line with Swedish corporate governance rules. The nomination committee proposes expanding the board to seven members and appointing UK nuclear executive Julia Pyke, noted for her leadership of the Sizewell C and involvement in Hinkley Point C projects, with her remuneration aligned pro rata to the levels set at the 2025 annual general meeting, underscoring Studsvik’s strategic ambition to strengthen its board with international nuclear infrastructure expertise.

The most recent analyst rating on (SE:SVIK) stock is a Hold with a SEK271.00 price target. To see the full list of analyst forecasts on Studsvik AB stock, see the SE:SVIK Stock Forecast page.

Studsvik AB Elects New Board Member and Authorizes Share Issuance

At Studsvik AB’s extraordinary general meeting, it was resolved that the Board of Directors will continue with six members, with Anders Bergdahl elected as a new member. The Board was authorized to issue new shares and financial instruments to facilitate company acquisitions and expansion, with a potential dilution limit of 10%.

The most recent analyst rating on (SE:SVIK) stock is a Hold with a SEK309.00 price target. To see the full list of analyst forecasts on Studsvik AB stock, see the SE:SVIK Stock Forecast page.

Studsvik’s CMS5 Software Adopted by Romania’s First SMR Utility

Studsvik has announced its first sale of the Core Management System 5 (CMS5) software to RoPower Nuclear SA in Romania, marking a significant step in the deployment of Small Modular Reactors (SMRs) in Europe. This collaboration enhances Studsvik’s position as a leading provider of advanced nuclear software solutions, although it is not expected to materially impact the company’s financial results in 2025.

The most recent analyst rating on (SE:SVIK) stock is a Hold with a SEK294.00 price target. To see the full list of analyst forecasts on Studsvik AB stock, see the SE:SVIK Stock Forecast page.

Studsvik AB Calls Extraordinary General Meeting to Elect New Board Member and Consider Share Issuance

Studsvik AB has announced an extraordinary general meeting to be held on December 12, 2025, at the request of shareholder Daniel S. Aegerter. The meeting will address several key issues, including the election of a new board member, Anders Bergdahl, who brings extensive experience in the energy sector, particularly in nuclear and hydro power. The meeting will also consider authorizing the board to issue new shares, warrants, and/or convertibles, which could impact the company’s financial strategy and market positioning.

The most recent analyst rating on (SE:SVIK) stock is a Hold with a SEK251.00 price target. To see the full list of analyst forecasts on Studsvik AB stock, see the SE:SVIK Stock Forecast page.

Jan Barchan Resigns from Studsvik Board After Two Decades of Service

Jan Barchan has resigned from Studsvik’s board of directors after serving since 2004, citing his age and the need for generational renewal. His departure is acknowledged with gratitude for his strategic leadership, which has helped position Studsvik for future growth and innovation in the nuclear industry.

The most recent analyst rating on (SE:SVIK) stock is a Hold with a SEK251.00 price target. To see the full list of analyst forecasts on Studsvik AB stock, see the SE:SVIK Stock Forecast page.

Studsvik Reports Strong Q3 2025 Results and New Nuclear Data Center Initiative

Studsvik AB reported a strong financial performance in the third quarter of 2025, with an operating profit of SEK 13.2 million and a 6.4% operating margin. Sales increased by 2.5% to SEK 205.8 million, and free cash flow improved significantly. The company also announced a Memorandum of Understanding with Blykalla and evroc to explore developing Sweden’s first nuclear-powered data center, aiming to enhance digital infrastructure with small modular reactors. Additionally, Studsvik recovered SEK 6 million from a previous fraud incident, positively impacting its financials.

The most recent analyst rating on (SE:SVIK) stock is a Hold with a SEK312.00 price target. To see the full list of analyst forecasts on Studsvik AB stock, see the SE:SVIK Stock Forecast page.

Studsvik AB Announces Q3 2025 Interim Report Conference Call

Studsvik AB has announced a conference call for media and analysts to discuss its Interim Report for the Third Quarter of 2025, scheduled for November 4. The report, which will be available on their website, is expected to provide insights into the company’s performance and strategic direction, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (SE:SVIK) stock is a Hold with a SEK234.00 price target. To see the full list of analyst forecasts on Studsvik AB stock, see the SE:SVIK Stock Forecast page.