Tobii AB (TOBII) AI Stock Analysis

• Market Cap: kr728.15M
• Dividend Yield: N/A
• Average Volume (3M): 15.38M
• Price to Earnings (P/E): 35.3
• Beta (1Y): 1.48
• Revenue Growth: 27.38%
• EPS Growth: N/A
• Country: SE
• Employees: 560
• Sector: Technology
• Sector Strength: 94
• Industry: Computer Hardware
• EPS (TTM): 0.02
• Shares Outstanding: 233,680,470
• 10 Day Avg. Volume: 6,194,286
• 30 Day Avg. Volume: 15,378,167
• PEG Ratio: 0.05
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 0.50
• P/FCF Ratio: -1.24
• 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: kr3.25
• Price Target Upside: 7.97% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2

• Rating: 60 Neutral
• Price Target: kr3.00 ▼(-0.33% Downside)

Tobii AB's overall stock score reflects a mix of positive earnings call outcomes and financial performance improvements, offset by bearish technical indicators and high valuation concerns. The company's strategic initiatives and product launches are promising, but challenges in profitability and cash flow management persist.

Tobii AB Business Overview & Revenue Model

Company Description

Tobii AB (TOBII) is a leading Swedish technology company specializing in eye-tracking solutions that enhance human-computer interaction. Founded in 2001, Tobii operates primarily in the fields of assistive technology, research, and gaming. Its core products include eye-tracking hardware and software that facilitate communication for individuals with disabilities, as well as tools for researchers and developers to gather insights on user behavior and engagement. The company also provides solutions for the gaming industry, enabling immersive experiences through eye-tracking technology.

How the Company Makes Money

Tobii generates revenue through multiple streams, primarily by selling eye-tracking hardware and software solutions. The assistive technology segment contributes significantly, as the company provides devices and software that help individuals with disabilities communicate and interact with their environment. Additionally, Tobii earns revenue from its research segment by offering eye-tracking tools and services to academic institutions and market research firms, which utilize the technology to study user behavior and cognitive responses. The gaming sector also represents a growing revenue source, as Tobii partners with game developers to integrate eye-tracking capabilities into their products. Furthermore, strategic partnerships with technology firms and collaborations for product development enhance Tobii's market reach and contribute to its financial performance.

Tobii AB Financial Statement Overview

Summary

Tobii AB shows promising revenue growth and strong gross margins but remains challenged by profitability and high leverage. The company demonstrates robust operating cash flow, yet negative free cash flow due to capital investments limits financial flexibility. Continued focus on managing debt and improving profitability is essential for future stability.

Income Statement

Tobii AB's TTM revenue shows an upward trend with a 4.3% growth, and the gross profit margin is strong at 77.6%. However, the company is struggling with profitability, as indicated by negative net and EBIT margins at -6.5% and -2.3% respectively. Despite improvements, EBITDA margin remains moderate at 9.2%.

Balance Sheet

The balance sheet exhibits a reasonable equity ratio of 37.7%, indicating a solid equity base. However, the debt-to-equity ratio is high at 0.63, reflecting significant leverage. The negative ROE of -8.8% suggests ongoing challenges in generating returns for shareholders.

Cash Flow

Operating cash flow has improved significantly, yet free cash flow remains negative due to high capital expenditures. The operating cash flow to net income ratio is 1.40, showing strong cash flow relative to earnings, but the free cash flow to net income ratio is negative, highlighting cash constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	977.00M	857.00M	758.00M	776.00M	616.00M	1.43B
Gross Profit	798.00M	687.00M	567.00M	590.00M	444.00M	975.40M
EBITDA	162.00M	56.00M	-141.00M	-57.00M	-5.00M	-119.00M
Net Income	20.00M	-177.00M	-199.00M	-105.00M	-184.00M	-124.20M
Balance Sheet
Total Assets	1.70B	1.83B	1.15B	1.22B	1.22B	1.65B
Cash, Cash Equivalents and Short-Term Investments	150.00M	116.00M	236.00M	402.00M	438.00M	409.60M
Total Debt	391.00M	432.00M	79.00M	69.00M	94.00M	552.20M
Total Liabilities	1.05B	1.15B	585.00M	470.00M	382.00M	1.10B
Stockholders Equity	641.00M	676.00M	562.00M	752.00M	840.00M	555.20M
Cash Flow
Free Cash Flow	-52.00M	-345.00M	-119.00M	-37.00M	-152.00M	-9.10M
Operating Cash Flow	216.00M	7.00M	95.00M	137.00M	-23.00M	189.00M
Investing Cash Flow	19.00M	-356.00M	-229.00M	-169.00M	-300.00M	-94.00M
Financing Cash Flow	-36.00M	226.00M	-29.00M	-8.00M	156.00M	148.30M

Tobii AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.01
• 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:TOBII, the sentiment is Negative. The current price of 3.01 is below the 20-day moving average (MA) of 4.77, below the 50-day MA of 4.69, and above the 200-day MA of 2.77, indicating a neutral trend. The MACD of -0.62 indicates Positive momentum. The RSI at 30.04 is Neutral, neither overbought nor oversold. The STOCH value of 8.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:TOBII.

Tobii AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	£500.82M	27.12	0.85%	2.82%	3.88%	-21.07%
TOBII	60 Neutral	kr728.15M	35.28	2.87%	―	27.38%	―
MAVEN	55 Neutral	€536.82M	1,947.62	-6.07%	1.39%	-14.52%	-124.02%
GAPW.B	46 Neutral	kr568.73M	―	-38.42%	―	89.00%	37.60%
MNTC	45 Neutral	kr392.35M	―	-45.57%	―	-6.82%	-449.86%
KJELL	43 Neutral	kr545.71M	―	-2.12%	―	-4.22%	-770.43%
SEYE	42 Neutral	kr2.28B	―		―	10.80%	-332.94%

Tobii AB Corporate Events

Tobii AB Reports Strong Financial Performance and Strategic Milestones in H1 2025

Tobii AB reported a significant improvement in profitability and cash flow for the first half of 2025, with net sales increasing by 41% and a strengthened gross margin. Key achievements include a new sales contract with Dynavox Group, the launch of the Glasses X eye-tracking solution, and EU homologation for their single-camera DMS & OMS solution. The company exceeded its cost savings target, delivering SEK 263 million in operational savings, and aims to continue strengthening its financial position and profitability.

The most recent analyst rating on (SE:TOBII) stock is a Hold with a SEK2.80 price target. To see the full list of analyst forecasts on Tobii AB stock, see the SE:TOBII Stock Forecast page.

Tobii AB Advances Q2 2025 Report Release Date

Tobii AB has announced that it will release its second-quarter 2025 report earlier than planned, moving the publication date from August 28 to July 29. This decision is due to the report being ready ahead of schedule. The report will be accompanied by a webcast presentation by CEO Anand Srivatsa and CFO Åsa Wirén, which will include a Q&A session. This change in schedule may indicate efficient operations and could positively impact stakeholders by providing timely insights into the company’s performance.

The most recent analyst rating on (SE:TOBII) stock is a Hold with a SEK4.80 price target. To see the full list of analyst forecasts on Tobii AB stock, see the SE:TOBII Stock Forecast page.

Tobii Achieves Homologation for Innovative In-Cabin Sensing Platform

Tobii AB has achieved homologation for its interior sensing platform, integrating it into a premium European automotive OEM’s vehicle program. This milestone marks a significant advancement in the sensing industry, offering a single-camera solution for driver and occupant monitoring that simplifies integration and reduces costs, enhancing Tobii’s position in the automotive market.

The most recent analyst rating on (SE:TOBII) stock is a Hold with a SEK4.80 price target. To see the full list of analyst forecasts on Tobii AB stock, see the SE:TOBII Stock Forecast page.

Tobii Partners with Curly Cube for Innovative AAC Device

Tobii AB has secured a design win with Curly Cube to provide eye tracking technology for Curly Cube’s new AAC device, Curly Vision One. This collaboration integrates Tobii’s Eye Tracker 5L into the device, enabling a sleek design and enhancing user communication through precise eye tracking. This partnership highlights Tobii’s continued influence in the AAC technology sector and strengthens its position as a leader in eye tracking solutions.

The most recent analyst rating on (SE:TOBII) stock is a Hold with a SEK2.80 price target. To see the full list of analyst forecasts on Tobii AB stock, see the SE:TOBII Stock Forecast page.

Tobii Unveils Next-Gen In-Car Sensing Technology with Qualcomm

Tobii AB has announced a revolutionary advancement in in-car sensing technology through a collaboration with Qualcomm Technologies. By leveraging Qualcomm’s Snapdragon Ride platform, Tobii has developed a next-generation interior sensing system that enhances safety and user experience in vehicles. This new technology positions Tobii as a leading player in the automotive interior sensing market, with their solutions already deployed in over 700,000 vehicles. The collaboration with Qualcomm is expected to meet stringent industry standards and expand Tobii’s market reach.

The most recent analyst rating on (SE:TOBII) stock is a Hold with a SEK2.80 price target. To see the full list of analyst forecasts on Tobii AB stock, see the SE:TOBII Stock Forecast page.

Tobii AB Secures Major Eye Tracking Component Deal with Dynavox

Tobii AB has extended its supply contract with Dynavox Group AB, securing a significant volume deal for eye tracking components valued at approximately SEK 100 million. This agreement not only strengthens Tobii’s partnership with Dynavox but also aligns with Tobii’s strategic initiative to bolster its cash position by the end of Q2 2025, showcasing its strong market positioning and commitment to long-term growth.

The most recent analyst rating on (SE:TOBII) stock is a Hold with a SEK2.80 price target. To see the full list of analyst forecasts on Tobii AB stock, see the SE:TOBII Stock Forecast page.

Tobii AB Increases Shares and Votes

Tobii AB has announced an increase in the number of shares and votes following new share issues resolved by the Board of Directors. This change, registered with the Swedish Companies Registration Office, reflects an increase in share capital, impacting the company’s financial structure and potentially its market positioning.

The most recent analyst rating on (SE:TOBII) stock is a Hold with a SEK2.80 price target. To see the full list of analyst forecasts on Tobii AB stock, see the SE:TOBII Stock Forecast page.

Tobii AB Announces Key Resolutions from Annual General Meeting

At Tobii AB’s Annual General Meeting, key resolutions included the adoption of the 2024 financial statements, no dividend distribution, and the discharge of board members and the CEO from liability. The board and auditor were re-elected, and remuneration was set. Additionally, the board was authorized to issue new shares to enhance financial flexibility and potentially expand the shareholder base.

The most recent analyst rating on (SE:TOBII) stock is a Hold with a SEK2.80 price target. To see the full list of analyst forecasts on Tobii AB stock, see the SE:TOBII Stock Forecast page.

Tobii Unveils Glasses X: A New Era in Eye-Tracking Solutions

Tobii has launched Glasses X, a new wearable eye-tracking solution designed to provide real-time visual insights for businesses. This product aims to enhance training, reduce errors, and improve decision-making in high-risk environments such as manufacturing and aviation. By leveraging proven technology, Glasses X supports scalable knowledge transfer and immediate business value, reinforcing Tobii’s leadership in human attention insights and expanding its market reach.

The most recent analyst rating on (SE:TOBII) stock is a Sell with a SEK3.60 price target. To see the full list of analyst forecasts on Tobii AB stock, see the SE:TOBII Stock Forecast page.