Tempest Security AB (SE:TSEC)
:TSEC
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Tempest Security AB
(TSEC)
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Rating:46Neutral
Price Target:
kr11.00
▼(-13.73% Downside)
Action:Reiterated
Date:06/12/26
The score is primarily held back by weak financial performance—persistent losses, highly volatile profitability, and elevated leverage—despite strong recent revenue growth and improved TTM cash generation. Technicals are mildly supportive, but valuation is constrained by negative earnings and the absence of a dividend yield.
Positive Factors
High TTM Revenue Growth
The ~248% TTM revenue surge signals materially higher demand and rapid scale-up of core services. Durable top-line expansion increases the potential for fixed-cost absorption, supports sustainable margin improvements and provides a foundation for converting growth into recurring cash flow if retention and unit economics hold.
Negative Factors
Elevated Leverage
Debt-to-equity of ~4.0x reflects materially elevated financial leverage that constrains strategic flexibility. High debt increases interest burden, amplifies earnings volatility, limits the ability to invest in growth or absorb setbacks, and raises refinancing and covenant risk if cash flows dip.
Read all positive and negative factors
Positive Factors
Negative Factors
High TTM Revenue Growth
The ~248% TTM revenue surge signals materially higher demand and rapid scale-up of core services. Durable top-line expansion increases the potential for fixed-cost absorption, supports sustainable margin improvements and provides a foundation for converting growth into recurring cash flow if retention and unit economics hold.
Read all positive factors
Tempest Security AB (TSEC) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr119.51M
Dividend YieldN/A
Average Volume (3M)6.95K
Price to Earnings (P/E)―
Beta (1Y)0.07
Revenue Growth15.57%
EPS Growth88.38%
CountrySE
Employees557
SectorServices
Sector StrengthN/A
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-0.62
Shares Outstanding10,483,549
10 Day Avg. Volume12,352
30 Day Avg. Volume6,949
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)6.88
Price to Sales (P/S)0.22
P/FCF Ratio-55.19
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)0.75
Revenue Forecast (FY)kr660.00M
Tempest Security AB Business Overview & Revenue Model
Company Description
Tempest Security AB (publ) provides a full spectrum of global security and protection services. Their offerings include personalized security, such as close protection for executives, secure travel logistics, and residential guarding. The company ...
How the Company Makes Money
null...
Tempest Security AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
26
Negative
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 592.58M | 578.23M | 485.63M | 438.08M | 424.33M | 339.66M |
| Gross Profit | 7.14M | -20.79M | 46.03M | 401.33M | 368.44M | 300.64M |
| EBITDA | 3.25M | -8.65M | 403.00K | 21.05M | 26.12M | -2.99M |
| Net Income | -6.55M | -10.68M | -51.39M | 3.69M | 9.87M | -12.58M |
Balance Sheet | ||||||
| Total Assets | 202.65M | 237.10M | 208.71M | 241.90M | 235.23M | 196.55M |
| Cash, Cash Equivalents and Short-Term Investments | 9.87M | 18.13M | 15.19M | 21.16M | 21.19M | 26.60M |
| Total Debt | 32.04M | 54.77M | 36.95M | 39.13M | 45.25M | 35.55M |
| Total Liabilities | 184.10M | 218.43M | 177.24M | 159.79M | 157.01M | 145.12M |
| Stockholders Equity | 18.55M | 18.67M | 31.46M | 80.00M | 77.28M | 52.91M |
Cash Flow | ||||||
| Free Cash Flow | 14.85M | -2.33M | 8.97M | 16.26M | 5.67M | 1.65M |
| Operating Cash Flow | 15.54M | -2.02M | 9.41M | 19.09M | 6.77M | 3.78M |
| Investing Cash Flow | -336.00K | 149.00K | -3.01M | -1.44M | -21.86M | -31.06M |
| Financing Cash Flow | -17.46M | 5.01M | -12.74M | -17.50M | 9.35M | 24.80M |
Tempest Security AB Technical Analysis
Positive
12.75
Price Trends
10.77
Positive
10.58
Positive
11.32
Positive
Market Momentum
0.19
Positive
51.31
Neutral
17.39
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TSEC, the sentiment is Positive. The current price of 12.75 is above the 20-day moving average (MA) of 11.61, above the 50-day MA of 10.77, and above the 200-day MA of 11.32, indicating a neutral trend. The MACD of 0.19 indicates Positive momentum. The RSI at 51.31 is Neutral, neither overbought nor oversold. The STOCH value of 17.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:TSEC.
Tempest Security AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr29.92B | 18.01 | 12.76% | 3.63% | -3.51% | 6.42% | |
68 Neutral | kr573.19M | 3.00 | 4.07% | 17.16% | -9.22% | ― | |
67 Neutral | kr89.20B | 16.64 | 13.15% | 3.10% | -6.50% | -0.22% | |
67 Neutral | kr1.00B | 23.86 | ― | 2.85% | -1.85% | -22.36% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
48 Neutral | kr67.05M | -6.29 | -1.58% | ― | -8.81% | 33.66% | |
46 Neutral | kr119.51M | -18.24 | ― | ― | 15.57% | 88.38% |
* Services Sector Average
SE:TSEC
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18.26%
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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.