View ValuationSvenska Aerogel Holding 향후 성장Future 기준 점검 2/6Svenska Aerogel Holding (는) 각각 연간 29.8% 및 57.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 45.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 -35% 로 예상됩니다.핵심 정보29.8%이익 성장률45.25%EPS 성장률Chemicals 이익 성장10.8%매출 성장률57.6%향후 자기자본이익률-35.02%애널리스트 커버리지Low마지막 업데이트29 Apr 2026최근 향후 성장 업데이트Major Estimate Revision • Apr 30Consensus revenue estimates decrease by 14%, EPS upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from kr8.30m to kr7.10m. EPS estimate increased from -kr1.02 to -kr0.71 per share. Chemicals industry in Sweden expected to see average net income growth of 50% next year. Consensus price target down from kr2.30 to kr1.50. Share price was steady at kr1.01 over the past week.Major Estimate Revision • Apr 16Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr10.2m to kr8.30m. Forecast losses increased from -kr0.99 to -kr1.02 per share. Chemicals industry in Sweden expected to see average net income growth of 50% next year. Consensus price target down from kr2.50 to kr2.30. Share price fell 2.8% to kr1.38 over the past week.Breakeven Date Change • Apr 07No longer forecast to breakevenThe analyst covering Svenska Aerogel Holding no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr16.7m in 2028. New forecast suggests the company will make a loss of kr20.7m in 2028.Major Estimate Revision • Dec 06Consensus revenue estimates decrease by 61%, EPS upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr5.70m to kr2.20m. EPS estimate increased from -kr4.00 to -kr0.74 per share. Chemicals industry in Sweden expected to see average net income growth of 25% next year. Consensus price target down from kr38.00 to kr23.50. Share price fell 18% to kr8.30 over the past week.Price Target Changed • Dec 05Price target decreased by 41% to kr23.50Down from kr40.00, the current price target is provided by 1 analyst. New target price is 173% above last closing price of kr8.60. Stock is down 68% over the past year. The company is forecast to post a net loss per share of kr0.74 next year compared to a net loss per share of kr9.35 last year.모든 업데이트 보기Recent updatesReported Earnings • Jul 21Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2026 results: kr0.24 loss per share. Revenue: kr465.0k (down 63% from 2Q 2025). Net loss: kr9.03m (loss widened 6.8% from 2Q 2025). Revenue missed analyst estimates by 69%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Chemicals industry in Sweden.Major Estimate Revision • Apr 30Consensus revenue estimates decrease by 14%, EPS upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from kr8.30m to kr7.10m. EPS estimate increased from -kr1.02 to -kr0.71 per share. Chemicals industry in Sweden expected to see average net income growth of 50% next year. Consensus price target down from kr2.30 to kr1.50. Share price was steady at kr1.01 over the past week.공고 • Apr 25Svenska Aerogel Holding AB (publ), Annual General Meeting, May 27, 2026Svenska Aerogel Holding AB (publ), Annual General Meeting, May 27, 2026, at 10:00 W. Europe Standard Time. Location: writing & reading room, elite grand hotel in gavle, kyrkogatan 28, 803 11, gavle SwedenReported Earnings • Apr 21First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: kr0.26 loss per share (improved from kr0.91 loss in 1Q 2025). Revenue: kr1.12m (down 18% from 1Q 2025). Net loss: kr7.65m (loss narrowed 12% from 1Q 2025). Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 7.1%. Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Chemicals industry in Sweden.Major Estimate Revision • Apr 16Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr10.2m to kr8.30m. Forecast losses increased from -kr0.99 to -kr1.02 per share. Chemicals industry in Sweden expected to see average net income growth of 50% next year. Consensus price target down from kr2.50 to kr2.30. Share price fell 2.8% to kr1.38 over the past week.Breakeven Date Change • Apr 07No longer forecast to breakevenThe analyst covering Svenska Aerogel Holding no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr16.7m in 2028. New forecast suggests the company will make a loss of kr20.7m in 2028.Recent Insider Transactions • Mar 23Independent Director recently bought kr79k worth of stockOn the 19th of March, Jim Wennerlid bought around 50k shares on-market at roughly kr1.59 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr233k more in shares than they have sold in the last 12 months.Reported Earnings • Feb 18Full year 2025 earnings released: kr1.10 loss per share (vs kr3.83 loss in FY 2024)Full year 2025 results: kr1.10 loss per share (improved from kr3.83 loss in FY 2024). Revenue: kr4.71m (up 82% from FY 2024). Net loss: kr31.9m (loss narrowed 6.8% from FY 2024).Reported Earnings • Oct 26Third quarter 2025 earnings released: kr0.24 loss per share (vs kr0.95 loss in 3Q 2024)Third quarter 2025 results: kr0.24 loss per share (improved from kr0.95 loss in 3Q 2024). Revenue: kr901.0k (up 60% from 3Q 2024). Net loss: kr7.13m (loss narrowed 21% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.공고 • Oct 07+ 5 more updatesSvenska Aerogel Holding AB (publ) to Report Q3, 2025 Results on Oct 24, 2025Svenska Aerogel Holding AB (publ) announced that they will report Q3, 2025 results on Oct 24, 2025New Risk • Sep 08New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 121% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr28m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (121% increase in shares outstanding). Revenue is less than US$1m (kr4.2m revenue, or US$447k). Market cap is less than US$10m (kr43.3m market cap, or US$4.62m).Recent Insider Transactions • Sep 03Independent Director recently bought kr77k worth of stockOn the 28th of August, Jim Wennerlid bought around 37k shares on-market at roughly kr2.08 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Sep 02Second quarter 2025 earnings released: kr0.41 loss per share (vs kr0.66 loss in 2Q 2024)Second quarter 2025 results: kr0.41 loss per share. Revenue: kr1.26m (up 130% from 2Q 2024). Net loss: kr8.45m (loss widened 36% from 2Q 2024).공고 • Aug 07Svenska Aerogel Holding AB (Publ) Appoints Henrik Andersson as Chief Financial Officer, Effective September 1, 2025Svenska Aerogel Holding AB (publ) has nominated Henrik Andersson as Chief Financial Officer (CFO), effective September 1, 2025. He has extensive experience in the field, including serving as Group and Business Controller at international industrial companies. Henrik holds a Master's Degree in Business Administration and has extensive experience in the field. He has served as Group and Business Controller at companies such as IPCO Sweden AB and Sandvik Coromant.New Risk • Jul 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr20m free cash flow). Earnings have declined by 0.4% per year over the past 5 years. Revenue is less than US$1m (kr3.5m revenue, or US$361k). Market cap is less than US$10m (kr16.9m market cap, or US$1.75m). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change).New Risk • Jul 03New major risk - Revenue and earnings growthEarnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr20m free cash flow). Earnings have declined by 0.4% per year over the past 5 years. Revenue is less than US$1m (kr3.5m revenue, or US$366k). Market cap is less than US$10m (kr14.4m market cap, or US$1.51m).공고 • Jun 24Svenska Aerogel Holding AB (Publ) Announces Resignation of Elin Lovén as Chief Financial OfficerSvenska Aerogel announced that the Company's Chief Financial Officer, Elin Lovén, has informed the Company of her decision to leave her position to pursue a new opportunity. Elin Lovén has served as CFO since 2022 and plans to remain in her role through the end of December 2025 to ensure a smooth transition.Reported Earnings • May 10First quarter 2025 earnings released: kr0.91 loss per share (vs kr1.53 loss in 1Q 2024)First quarter 2025 results: kr0.91 loss per share (improved from kr1.53 loss in 1Q 2024). Net loss: kr8.65m (loss narrowed 23% from 1Q 2024). Revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Chemicals industry in Sweden. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.New Risk • May 10New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr20m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr20m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m (kr3.5m revenue, or US$359k). Market cap is less than US$10m (kr17.1m market cap, or US$1.76m). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (kr8.8m net loss in 3 years).공고 • Apr 24Svenska Aerogel Holding AB (publ), Annual General Meeting, May 27, 2025Svenska Aerogel Holding AB (publ), Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time. Location: in the theatre hall, elite grand hotel, gavle, kyrkogatan 28, 803 11 gavle. Sweden공고 • Mar 26Svenska Aerogel Holding AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 24.583127 million.Svenska Aerogel Holding AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 24.583127 million. Security Name: Shares Security Type: Common Stock Securities Offered: 10,925,834 Price\Range: SEK 2.25 Transaction Features: Rights Offering공고 • Feb 28Svenska Aerogel Holding AB (publ) to Report Fiscal Year 2024 Results on Feb 27, 2025Svenska Aerogel Holding AB (publ) announced that they will report fiscal year 2024 results on Feb 27, 2025공고 • Feb 27Svenska Aerogel Holding AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 42.753267 million.Svenska Aerogel Holding AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 42.753267 million. Security Name: Shares Security Type: Common Stock Securities Offered: 19,001,452 Price\Range: SEK 2.25 Transaction Features: Rights OfferingMajor Estimate Revision • Dec 06Consensus revenue estimates decrease by 61%, EPS upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr5.70m to kr2.20m. EPS estimate increased from -kr4.00 to -kr0.74 per share. Chemicals industry in Sweden expected to see average net income growth of 25% next year. Consensus price target down from kr38.00 to kr23.50. Share price fell 18% to kr8.30 over the past week.Price Target Changed • Dec 05Price target decreased by 41% to kr23.50Down from kr40.00, the current price target is provided by 1 analyst. New target price is 173% above last closing price of kr8.60. Stock is down 68% over the past year. The company is forecast to post a net loss per share of kr0.74 next year compared to a net loss per share of kr9.35 last year.Buy Or Sell Opportunity • Nov 25Now 386% overvalued after recent price riseOver the last 90 days, the stock has risen 9,601% to kr13.00. The fair value is estimated to be kr2.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to grow by 64% per annum. Earnings are also forecast to grow by 40% per annum over the same time period.Reported Earnings • Nov 21Third quarter 2024 earnings released: kr0.009 loss per share (vs kr0.021 loss in 3Q 2023)Third quarter 2024 results: kr0.009 loss per share (improved from kr0.021 loss in 3Q 2023). Net loss: kr9.02m (loss narrowed 16% from 3Q 2023). Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Sweden. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings.New Risk • Nov 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr30m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m (kr2.4m revenue, or US$219k). Market cap is less than US$10m (kr88.2m market cap, or US$8.13m). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (kr23m net loss in 3 years).New Risk • Sep 30New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr101.0m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr30m free cash flow). Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m (kr2.4m revenue, or US$233k). Market cap is less than US$10m (kr101.0m market cap, or US$9.94m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr23m net loss in 3 years). Share price has been volatile over the past 3 months (9.0% average weekly change).공고 • Sep 05Svenska Aerogel Holding AB (publ) to Launch Quartzene®? Z-Slurry ProductSvenska Aerogel announced the launch of their latest product, Quartzene Z-Slurry. This aqueous aerogel suspension is easily processed and pumpable, enhancing thermal insulation, improving fire safety, and reducing the weight of end products. It offers significant advantages for paint manufacturers as well as producers of fibrous products. Quartzene Z-Slurry is now available for purchase across Europe. Quartzene Z-Slur is a low-viscosity, aqueous aerogel suspended, featuring amorphous hydrophilic silica. The product ensures fast, dust-free incorporation, making it ideal for waterborne manufacturing processes such as the production of paints, coatings, and technical textiles and papers. Designed to facilitate downstream processing in factory settings, Quartzene Z- Slurry improves efficiency and reduces operational complexities. Summary of key features and benefits. Waterborne pumpable hydrophilic aerogel slurry: Quartzene Z-Slurry's low-viscosity nature ensures easy processing and pumpability, facilitating seamless integration into existing manufacturing workflows. No dusting: The suspension's formulation eliminates dusting, promoting a cleaner and safer working environment. Enhanced thermal insulation: With low thermal conductivity, Quartzene Z-Slur enhances the thermal insulation properties of end products, contributing to energy efficiency and sustainability. Improved fire safety: The aerogel suspension's inherent properties improve fire safety. Lightweight solution: By reducing the weight of products, Quartzene Z-SlUR offers manufacturers the ability to create lighter, more efficient end products.Reported Earnings • Aug 30Second quarter 2024 earnings released: kr0.007 loss per share (vs kr0.027 loss in 2Q 2023)Second quarter 2024 results: kr0.007 loss per share (improved from kr0.027 loss in 2Q 2023). Net loss: kr6.24m (loss narrowed 49% from 2Q 2023). Revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Sweden. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Jul 05Chief Executive Officer recently bought kr149k worth of stockOn the 3rd of July, Tor Norbakk bought around 1m shares on-market at roughly kr0.12 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Tor has been a buyer over the last 12 months, purchasing a net total of kr157k worth in shares.New Risk • Jun 04New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 137% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr38m free cash flow). Shareholders have been substantially diluted in the past year (137% increase in shares outstanding). Revenue is less than US$1m (kr2.1m revenue, or US$203k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr28m net loss in 3 years). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (kr123.6m market cap, or US$11.8m).Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Jim Wennerlid was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공고 • May 10Svenska Aerogel Holding AB (publ), Annual General Meeting, Jun 18, 2024Svenska Aerogel Holding AB (publ), Annual General Meeting, Jun 18, 2024, at 10:00 W. Europe Standard Time. Location: in the teatersalen, elite grand hotel in gavle, kyrkogatan 28, 803 11 gavle, SwedenReported Earnings • May 05First quarter 2024 earnings released: kr0.01 loss per share (vs kr0.028 loss in 1Q 2023)First quarter 2024 results: kr0.01 loss per share. Net loss: kr11.2m (loss widened 1.7% from 1Q 2023). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Chemicals industry in Sweden.Reported Earnings • Mar 20Full year 2023 earnings released: kr0.085 loss per share (vs kr0.15 loss in FY 2022)Full year 2023 results: kr0.085 loss per share. Net loss: kr44.1m (loss widened 9.5% from FY 2022). Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Chemicals industry in Sweden.공고 • Dec 23Svenska Aerogel Holding AB (Publ) Introduces a New Key Customer in the Transport SegmentAs the year comes to a close, Svenska Aerogel is introducing a new key customer in the transport segment. The new key customer is a global, renowned supplier in the European automotive industry with substantial customer understanding and experience. Simultaneously, a key customer within the process industry has chosen Svenska Aerogel's solution over a competing technology.Reported Earnings • Nov 27Third quarter 2023 earnings released: kr0.021 loss per share (vs kr0.031 loss in 3Q 2022)Third quarter 2023 results: kr0.021 loss per share. Net loss: kr10.7m (loss widened 40% from 3Q 2022).Reported Earnings • Aug 31Second quarter 2023 earnings released: kr0.027 loss per share (vs kr0.047 loss in 2Q 2022)Second quarter 2023 results: kr0.027 loss per share. Revenue: kr292.0k (down 13% from 2Q 2022). Net loss: kr12.2m (loss widened 4.9% from 2Q 2022).공고 • Jul 12+ 1 more updateSvenska Aerogel Holding AB (Publ) Expands Testing to International WatersSvenska Aerogel's advanced technology for antifouling paint, has previously showcased remarkablele results in two independent static ocean tests carried out in Sweden. Now the company has expanded testing to international waters, as SeaQare is currently being tested in Florida, United States. The aim of this new test is to demonstrate the product's efficacy in a different geographical and environmental context. The ongoing ocean test in Florida utilizes the same method as the previous Swedish tests: static immersion testing. Static immersion testing exposes materials and coatings to biofouling in a seawater environment, using test panels mounted on PVC frames. The panels are studied and monitored over several months. They will also be compared with industry standards as well as coatings that are readily available on the US market. Before being shipped to the United States, the test panels were coated with antifouling paint containing SeaQare by Research Institutes of Sweden (RISE) in Bors. Two different paint formulations were used this time in addition to various optimized formulations of SeaQare. Once the panels arrived in the States in mid-May, they were immersed in Port Can several by experts from the Center for Corrosion and Biofouling Control, which is part of the Florida Institute of Technology. The panels will be inspected every two months until the test ends in September. The first evaluation is scheduled for mid-July. At the same time as the expanded testing of SeaQare, Svenska Aerogel continues with its patent application for the product. The company submitted a PCT application in July 2023.Recent Insider Transactions Derivative • May 24Chief Executive Officer exercised options to buy kr1.0m worth of stock.On the 16th of May, Tor Norbakk exercised options to buy 4m shares at a strike price of around kr0.22, costing a total of kr822k. Company insiders have collectively sold kr2.7m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Feb 19Full year 2022 earnings released: kr0.10 loss per share (vs kr0.31 loss in FY 2021)Full year 2022 results: kr0.10 loss per share (improved from kr0.31 loss in FY 2021). Revenue: kr6.35m (up 255% from FY 2021). Net loss: kr40.3m (flat on FY 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Dec 18Chief Executive Officer recently sold kr1.8m worth of stockOn the 15th of December, Tor Norbakk sold around 2m shares on-market at roughly kr0.74 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Tor's only on-market trade for the last 12 months.Reported Earnings • Aug 19Second quarter 2022 earnings released: kr0.047 loss per share (vs kr0.09 loss in 2Q 2021)Second quarter 2022 results: kr0.047 loss per share. Net loss: kr11.6m (loss widened 4.1% from 2Q 2021).Board Change • Jul 31High number of new directorsIndependent Director Petra Einarsson was the last director to join the board, commencing their role in 2021.Reported Earnings • Apr 27Full year 2021 earnings released: kr0.31 loss per share (vs kr0.52 loss in FY 2020)Full year 2021 results: kr0.31 loss per share. Net loss: kr40.6m (loss widened 8.5% from FY 2020).Board Change • Apr 27High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Marten Hellberg is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 17Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: kr0.31 loss per share (up from kr0.52 loss in FY 2020). Net loss: kr40.6m (loss widened 8.5% from FY 2020). Revenue missed analyst estimates by 32%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 20Third quarter 2021 earnings released: kr0.062 loss per share (vs kr0.11 loss in 3Q 2020)Third quarter 2021 results: Net loss: kr8.54m (flat on 3Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.분석 기사 • Oct 27Svenska Aerogel Holding (STO:AERO) Is Carrying A Fair Bit Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Aug 28Second quarter 2021 earnings released: kr0.09 loss per share (vs kr0.13 loss in 2Q 2020)Second quarter 2021 results: Net loss: kr11.2m (loss widened 9.8% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.분석 기사 • Jul 14Does Svenska Aerogel Holding (STO:AERO) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Recent Insider Transactions Derivative • Jul 01Chief Executive Officer exercised options to buy kr130k worth of stock.On the 28th of June, Tor Norbakk exercised options to buy 148k shares at a strike price of around kr0.64, costing a total of kr94k. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since December 2020, Tor's direct individual holding has increased from 1.03m shares to 1.18m. Company insiders have collectively bought kr210k more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • May 11First quarter 2021 earnings released: kr0.082 loss per share (vs kr0.18 loss in 1Q 2020)First quarter 2021 results: Net loss: kr9.43m (flat on 1Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings.Recent Insider Transactions Derivative • Apr 02Chief Executive Officer exercised options to buy kr139k worth of stock.On the 27th of March, Tor Norbakk exercised options to buy 148k shares at a strike price of around kr0.58, costing a total of kr86k. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since December 2020, Tor has owned 1.03m shares directly. Company insiders have collectively bought kr106k more than they sold, via options and on-market transactions, in the last 12 months.분석 기사 • Mar 07Health Check: How Prudently Does Svenska Aerogel Holding (STO:AERO) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Jan 18New 90-day high: kr1.10The company is up 4.0% from its price of kr1.06 on 20 October 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 5.0% over the same period.Reported Earnings • Nov 22Third quarter 2020 earnings released: kr0.11 loss per shareThird quarter 2020 results: Net loss: kr8.59m (loss widened 8.5% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Nov 05New 90-day low: kr0.74The company is down 41% from its price of kr1.25 on 07 August 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 27% over the same period.Is New 90 Day High Low • Oct 21New 90-day low: kr0.84The company is down 34% from its price of kr1.28 on 23 July 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 34% over the same period.이익 및 매출 성장 예측OM:AERO - 애널리스트 향후 추정치 및 과거 재무 데이터 (SEK Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202833-21-248-243112/31/202716-26-251-246112/31/20267-29-263-25916/30/20264-31-27-27N/A3/31/20264-31-30-29N/A12/31/20255-32-26-26N/A9/30/20255-32-24-24N/A6/30/20254-34-28-28N/A3/31/20253-32-20-20N/A12/31/20243-34-28-28N/A9/30/20243-37-31-31N/A6/30/20242-38-30-30N/A3/31/20242-44-38-38N/A12/31/20233-44-38-38N/A9/30/20235-44-45-44N/A6/30/20237-41-38-36N/A3/31/20237-40-40-38N/A12/31/20226-40-41-37N/A9/30/20224-42-33-28N/A6/30/20222-43-39-35N/A3/31/20222-42-34-30N/A12/31/20212-41-34-31N/A9/30/20212-38-36-34N/A6/30/20211-38-36-33N/A3/31/20211-37-41-33N/A12/31/20201-37-43-32N/A9/30/20200-37-50-26N/A6/30/20201-36-54-26N/A3/31/20201-37N/A-28N/A12/31/20191-36N/A-26N/A9/30/20192-35N/A-31N/A6/30/20192-33N/A-28N/A3/31/20192-31N/A-25N/A12/31/20182-29N/A-22N/A9/30/20180-27N/A-22N/A6/30/20181-22N/A-16N/A3/31/20181-18N/A-15N/A12/31/20172-17N/A-14N/A9/30/20172-17N/A-13N/A6/30/20172-20N/A-17N/A3/31/20173-15N/A-13N/A12/31/20163-13N/A-9N/A12/31/20153-5N/A-3N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: AERO 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 vs 시장: AERO 향후 3년 동안 수익성이 없을 것으로 예상됩니다.고성장 수익: AERO 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 대 시장: AERO 의 수익(연간 57.6%)이 Swedish 시장(연간 -1.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: AERO 의 수익(연간 57.6%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: AERO는 3년 뒤에도 수익성이 없을 것으로 전망됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/26 23:27종가2026/07/24 00:00수익2026/06/30연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Svenska Aerogel Holding AB (publ)는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Markus AugustssonCarlsquare ABMats HyttingeCarlsquare ABChristopher SolbakkeCarlsquare AB
Major Estimate Revision • Apr 30Consensus revenue estimates decrease by 14%, EPS upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from kr8.30m to kr7.10m. EPS estimate increased from -kr1.02 to -kr0.71 per share. Chemicals industry in Sweden expected to see average net income growth of 50% next year. Consensus price target down from kr2.30 to kr1.50. Share price was steady at kr1.01 over the past week.
Major Estimate Revision • Apr 16Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr10.2m to kr8.30m. Forecast losses increased from -kr0.99 to -kr1.02 per share. Chemicals industry in Sweden expected to see average net income growth of 50% next year. Consensus price target down from kr2.50 to kr2.30. Share price fell 2.8% to kr1.38 over the past week.
Breakeven Date Change • Apr 07No longer forecast to breakevenThe analyst covering Svenska Aerogel Holding no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr16.7m in 2028. New forecast suggests the company will make a loss of kr20.7m in 2028.
Major Estimate Revision • Dec 06Consensus revenue estimates decrease by 61%, EPS upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr5.70m to kr2.20m. EPS estimate increased from -kr4.00 to -kr0.74 per share. Chemicals industry in Sweden expected to see average net income growth of 25% next year. Consensus price target down from kr38.00 to kr23.50. Share price fell 18% to kr8.30 over the past week.
Price Target Changed • Dec 05Price target decreased by 41% to kr23.50Down from kr40.00, the current price target is provided by 1 analyst. New target price is 173% above last closing price of kr8.60. Stock is down 68% over the past year. The company is forecast to post a net loss per share of kr0.74 next year compared to a net loss per share of kr9.35 last year.
Reported Earnings • Jul 21Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2026 results: kr0.24 loss per share. Revenue: kr465.0k (down 63% from 2Q 2025). Net loss: kr9.03m (loss widened 6.8% from 2Q 2025). Revenue missed analyst estimates by 69%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Chemicals industry in Sweden.
Major Estimate Revision • Apr 30Consensus revenue estimates decrease by 14%, EPS upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from kr8.30m to kr7.10m. EPS estimate increased from -kr1.02 to -kr0.71 per share. Chemicals industry in Sweden expected to see average net income growth of 50% next year. Consensus price target down from kr2.30 to kr1.50. Share price was steady at kr1.01 over the past week.
공고 • Apr 25Svenska Aerogel Holding AB (publ), Annual General Meeting, May 27, 2026Svenska Aerogel Holding AB (publ), Annual General Meeting, May 27, 2026, at 10:00 W. Europe Standard Time. Location: writing & reading room, elite grand hotel in gavle, kyrkogatan 28, 803 11, gavle Sweden
Reported Earnings • Apr 21First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: kr0.26 loss per share (improved from kr0.91 loss in 1Q 2025). Revenue: kr1.12m (down 18% from 1Q 2025). Net loss: kr7.65m (loss narrowed 12% from 1Q 2025). Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 7.1%. Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Chemicals industry in Sweden.
Major Estimate Revision • Apr 16Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr10.2m to kr8.30m. Forecast losses increased from -kr0.99 to -kr1.02 per share. Chemicals industry in Sweden expected to see average net income growth of 50% next year. Consensus price target down from kr2.50 to kr2.30. Share price fell 2.8% to kr1.38 over the past week.
Breakeven Date Change • Apr 07No longer forecast to breakevenThe analyst covering Svenska Aerogel Holding no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr16.7m in 2028. New forecast suggests the company will make a loss of kr20.7m in 2028.
Recent Insider Transactions • Mar 23Independent Director recently bought kr79k worth of stockOn the 19th of March, Jim Wennerlid bought around 50k shares on-market at roughly kr1.59 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr233k more in shares than they have sold in the last 12 months.
Reported Earnings • Feb 18Full year 2025 earnings released: kr1.10 loss per share (vs kr3.83 loss in FY 2024)Full year 2025 results: kr1.10 loss per share (improved from kr3.83 loss in FY 2024). Revenue: kr4.71m (up 82% from FY 2024). Net loss: kr31.9m (loss narrowed 6.8% from FY 2024).
Reported Earnings • Oct 26Third quarter 2025 earnings released: kr0.24 loss per share (vs kr0.95 loss in 3Q 2024)Third quarter 2025 results: kr0.24 loss per share (improved from kr0.95 loss in 3Q 2024). Revenue: kr901.0k (up 60% from 3Q 2024). Net loss: kr7.13m (loss narrowed 21% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.
공고 • Oct 07+ 5 more updatesSvenska Aerogel Holding AB (publ) to Report Q3, 2025 Results on Oct 24, 2025Svenska Aerogel Holding AB (publ) announced that they will report Q3, 2025 results on Oct 24, 2025
New Risk • Sep 08New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 121% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr28m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (121% increase in shares outstanding). Revenue is less than US$1m (kr4.2m revenue, or US$447k). Market cap is less than US$10m (kr43.3m market cap, or US$4.62m).
Recent Insider Transactions • Sep 03Independent Director recently bought kr77k worth of stockOn the 28th of August, Jim Wennerlid bought around 37k shares on-market at roughly kr2.08 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Sep 02Second quarter 2025 earnings released: kr0.41 loss per share (vs kr0.66 loss in 2Q 2024)Second quarter 2025 results: kr0.41 loss per share. Revenue: kr1.26m (up 130% from 2Q 2024). Net loss: kr8.45m (loss widened 36% from 2Q 2024).
공고 • Aug 07Svenska Aerogel Holding AB (Publ) Appoints Henrik Andersson as Chief Financial Officer, Effective September 1, 2025Svenska Aerogel Holding AB (publ) has nominated Henrik Andersson as Chief Financial Officer (CFO), effective September 1, 2025. He has extensive experience in the field, including serving as Group and Business Controller at international industrial companies. Henrik holds a Master's Degree in Business Administration and has extensive experience in the field. He has served as Group and Business Controller at companies such as IPCO Sweden AB and Sandvik Coromant.
New Risk • Jul 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr20m free cash flow). Earnings have declined by 0.4% per year over the past 5 years. Revenue is less than US$1m (kr3.5m revenue, or US$361k). Market cap is less than US$10m (kr16.9m market cap, or US$1.75m). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change).
New Risk • Jul 03New major risk - Revenue and earnings growthEarnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr20m free cash flow). Earnings have declined by 0.4% per year over the past 5 years. Revenue is less than US$1m (kr3.5m revenue, or US$366k). Market cap is less than US$10m (kr14.4m market cap, or US$1.51m).
공고 • Jun 24Svenska Aerogel Holding AB (Publ) Announces Resignation of Elin Lovén as Chief Financial OfficerSvenska Aerogel announced that the Company's Chief Financial Officer, Elin Lovén, has informed the Company of her decision to leave her position to pursue a new opportunity. Elin Lovén has served as CFO since 2022 and plans to remain in her role through the end of December 2025 to ensure a smooth transition.
Reported Earnings • May 10First quarter 2025 earnings released: kr0.91 loss per share (vs kr1.53 loss in 1Q 2024)First quarter 2025 results: kr0.91 loss per share (improved from kr1.53 loss in 1Q 2024). Net loss: kr8.65m (loss narrowed 23% from 1Q 2024). Revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Chemicals industry in Sweden. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.
New Risk • May 10New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr20m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr20m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m (kr3.5m revenue, or US$359k). Market cap is less than US$10m (kr17.1m market cap, or US$1.76m). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (kr8.8m net loss in 3 years).
공고 • Apr 24Svenska Aerogel Holding AB (publ), Annual General Meeting, May 27, 2025Svenska Aerogel Holding AB (publ), Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time. Location: in the theatre hall, elite grand hotel, gavle, kyrkogatan 28, 803 11 gavle. Sweden
공고 • Mar 26Svenska Aerogel Holding AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 24.583127 million.Svenska Aerogel Holding AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 24.583127 million. Security Name: Shares Security Type: Common Stock Securities Offered: 10,925,834 Price\Range: SEK 2.25 Transaction Features: Rights Offering
공고 • Feb 28Svenska Aerogel Holding AB (publ) to Report Fiscal Year 2024 Results on Feb 27, 2025Svenska Aerogel Holding AB (publ) announced that they will report fiscal year 2024 results on Feb 27, 2025
공고 • Feb 27Svenska Aerogel Holding AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 42.753267 million.Svenska Aerogel Holding AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 42.753267 million. Security Name: Shares Security Type: Common Stock Securities Offered: 19,001,452 Price\Range: SEK 2.25 Transaction Features: Rights Offering
Major Estimate Revision • Dec 06Consensus revenue estimates decrease by 61%, EPS upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr5.70m to kr2.20m. EPS estimate increased from -kr4.00 to -kr0.74 per share. Chemicals industry in Sweden expected to see average net income growth of 25% next year. Consensus price target down from kr38.00 to kr23.50. Share price fell 18% to kr8.30 over the past week.
Price Target Changed • Dec 05Price target decreased by 41% to kr23.50Down from kr40.00, the current price target is provided by 1 analyst. New target price is 173% above last closing price of kr8.60. Stock is down 68% over the past year. The company is forecast to post a net loss per share of kr0.74 next year compared to a net loss per share of kr9.35 last year.
Buy Or Sell Opportunity • Nov 25Now 386% overvalued after recent price riseOver the last 90 days, the stock has risen 9,601% to kr13.00. The fair value is estimated to be kr2.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to grow by 64% per annum. Earnings are also forecast to grow by 40% per annum over the same time period.
Reported Earnings • Nov 21Third quarter 2024 earnings released: kr0.009 loss per share (vs kr0.021 loss in 3Q 2023)Third quarter 2024 results: kr0.009 loss per share (improved from kr0.021 loss in 3Q 2023). Net loss: kr9.02m (loss narrowed 16% from 3Q 2023). Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Sweden. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings.
New Risk • Nov 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr30m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m (kr2.4m revenue, or US$219k). Market cap is less than US$10m (kr88.2m market cap, or US$8.13m). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (kr23m net loss in 3 years).
New Risk • Sep 30New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr101.0m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr30m free cash flow). Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m (kr2.4m revenue, or US$233k). Market cap is less than US$10m (kr101.0m market cap, or US$9.94m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr23m net loss in 3 years). Share price has been volatile over the past 3 months (9.0% average weekly change).
공고 • Sep 05Svenska Aerogel Holding AB (publ) to Launch Quartzene®? Z-Slurry ProductSvenska Aerogel announced the launch of their latest product, Quartzene Z-Slurry. This aqueous aerogel suspension is easily processed and pumpable, enhancing thermal insulation, improving fire safety, and reducing the weight of end products. It offers significant advantages for paint manufacturers as well as producers of fibrous products. Quartzene Z-Slurry is now available for purchase across Europe. Quartzene Z-Slur is a low-viscosity, aqueous aerogel suspended, featuring amorphous hydrophilic silica. The product ensures fast, dust-free incorporation, making it ideal for waterborne manufacturing processes such as the production of paints, coatings, and technical textiles and papers. Designed to facilitate downstream processing in factory settings, Quartzene Z- Slurry improves efficiency and reduces operational complexities. Summary of key features and benefits. Waterborne pumpable hydrophilic aerogel slurry: Quartzene Z-Slurry's low-viscosity nature ensures easy processing and pumpability, facilitating seamless integration into existing manufacturing workflows. No dusting: The suspension's formulation eliminates dusting, promoting a cleaner and safer working environment. Enhanced thermal insulation: With low thermal conductivity, Quartzene Z-Slur enhances the thermal insulation properties of end products, contributing to energy efficiency and sustainability. Improved fire safety: The aerogel suspension's inherent properties improve fire safety. Lightweight solution: By reducing the weight of products, Quartzene Z-SlUR offers manufacturers the ability to create lighter, more efficient end products.
Reported Earnings • Aug 30Second quarter 2024 earnings released: kr0.007 loss per share (vs kr0.027 loss in 2Q 2023)Second quarter 2024 results: kr0.007 loss per share (improved from kr0.027 loss in 2Q 2023). Net loss: kr6.24m (loss narrowed 49% from 2Q 2023). Revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Sweden. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Jul 05Chief Executive Officer recently bought kr149k worth of stockOn the 3rd of July, Tor Norbakk bought around 1m shares on-market at roughly kr0.12 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Tor has been a buyer over the last 12 months, purchasing a net total of kr157k worth in shares.
New Risk • Jun 04New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 137% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr38m free cash flow). Shareholders have been substantially diluted in the past year (137% increase in shares outstanding). Revenue is less than US$1m (kr2.1m revenue, or US$203k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr28m net loss in 3 years). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (kr123.6m market cap, or US$11.8m).
Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Jim Wennerlid was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공고 • May 10Svenska Aerogel Holding AB (publ), Annual General Meeting, Jun 18, 2024Svenska Aerogel Holding AB (publ), Annual General Meeting, Jun 18, 2024, at 10:00 W. Europe Standard Time. Location: in the teatersalen, elite grand hotel in gavle, kyrkogatan 28, 803 11 gavle, Sweden
Reported Earnings • May 05First quarter 2024 earnings released: kr0.01 loss per share (vs kr0.028 loss in 1Q 2023)First quarter 2024 results: kr0.01 loss per share. Net loss: kr11.2m (loss widened 1.7% from 1Q 2023). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Chemicals industry in Sweden.
Reported Earnings • Mar 20Full year 2023 earnings released: kr0.085 loss per share (vs kr0.15 loss in FY 2022)Full year 2023 results: kr0.085 loss per share. Net loss: kr44.1m (loss widened 9.5% from FY 2022). Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Chemicals industry in Sweden.
공고 • Dec 23Svenska Aerogel Holding AB (Publ) Introduces a New Key Customer in the Transport SegmentAs the year comes to a close, Svenska Aerogel is introducing a new key customer in the transport segment. The new key customer is a global, renowned supplier in the European automotive industry with substantial customer understanding and experience. Simultaneously, a key customer within the process industry has chosen Svenska Aerogel's solution over a competing technology.
Reported Earnings • Nov 27Third quarter 2023 earnings released: kr0.021 loss per share (vs kr0.031 loss in 3Q 2022)Third quarter 2023 results: kr0.021 loss per share. Net loss: kr10.7m (loss widened 40% from 3Q 2022).
Reported Earnings • Aug 31Second quarter 2023 earnings released: kr0.027 loss per share (vs kr0.047 loss in 2Q 2022)Second quarter 2023 results: kr0.027 loss per share. Revenue: kr292.0k (down 13% from 2Q 2022). Net loss: kr12.2m (loss widened 4.9% from 2Q 2022).
공고 • Jul 12+ 1 more updateSvenska Aerogel Holding AB (Publ) Expands Testing to International WatersSvenska Aerogel's advanced technology for antifouling paint, has previously showcased remarkablele results in two independent static ocean tests carried out in Sweden. Now the company has expanded testing to international waters, as SeaQare is currently being tested in Florida, United States. The aim of this new test is to demonstrate the product's efficacy in a different geographical and environmental context. The ongoing ocean test in Florida utilizes the same method as the previous Swedish tests: static immersion testing. Static immersion testing exposes materials and coatings to biofouling in a seawater environment, using test panels mounted on PVC frames. The panels are studied and monitored over several months. They will also be compared with industry standards as well as coatings that are readily available on the US market. Before being shipped to the United States, the test panels were coated with antifouling paint containing SeaQare by Research Institutes of Sweden (RISE) in Bors. Two different paint formulations were used this time in addition to various optimized formulations of SeaQare. Once the panels arrived in the States in mid-May, they were immersed in Port Can several by experts from the Center for Corrosion and Biofouling Control, which is part of the Florida Institute of Technology. The panels will be inspected every two months until the test ends in September. The first evaluation is scheduled for mid-July. At the same time as the expanded testing of SeaQare, Svenska Aerogel continues with its patent application for the product. The company submitted a PCT application in July 2023.
Recent Insider Transactions Derivative • May 24Chief Executive Officer exercised options to buy kr1.0m worth of stock.On the 16th of May, Tor Norbakk exercised options to buy 4m shares at a strike price of around kr0.22, costing a total of kr822k. Company insiders have collectively sold kr2.7m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Feb 19Full year 2022 earnings released: kr0.10 loss per share (vs kr0.31 loss in FY 2021)Full year 2022 results: kr0.10 loss per share (improved from kr0.31 loss in FY 2021). Revenue: kr6.35m (up 255% from FY 2021). Net loss: kr40.3m (flat on FY 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Dec 18Chief Executive Officer recently sold kr1.8m worth of stockOn the 15th of December, Tor Norbakk sold around 2m shares on-market at roughly kr0.74 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Tor's only on-market trade for the last 12 months.
Reported Earnings • Aug 19Second quarter 2022 earnings released: kr0.047 loss per share (vs kr0.09 loss in 2Q 2021)Second quarter 2022 results: kr0.047 loss per share. Net loss: kr11.6m (loss widened 4.1% from 2Q 2021).
Board Change • Jul 31High number of new directorsIndependent Director Petra Einarsson was the last director to join the board, commencing their role in 2021.
Reported Earnings • Apr 27Full year 2021 earnings released: kr0.31 loss per share (vs kr0.52 loss in FY 2020)Full year 2021 results: kr0.31 loss per share. Net loss: kr40.6m (loss widened 8.5% from FY 2020).
Board Change • Apr 27High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Marten Hellberg is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 17Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: kr0.31 loss per share (up from kr0.52 loss in FY 2020). Net loss: kr40.6m (loss widened 8.5% from FY 2020). Revenue missed analyst estimates by 32%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 20Third quarter 2021 earnings released: kr0.062 loss per share (vs kr0.11 loss in 3Q 2020)Third quarter 2021 results: Net loss: kr8.54m (flat on 3Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.
분석 기사 • Oct 27Svenska Aerogel Holding (STO:AERO) Is Carrying A Fair Bit Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Aug 28Second quarter 2021 earnings released: kr0.09 loss per share (vs kr0.13 loss in 2Q 2020)Second quarter 2021 results: Net loss: kr11.2m (loss widened 9.8% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.
분석 기사 • Jul 14Does Svenska Aerogel Holding (STO:AERO) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Recent Insider Transactions Derivative • Jul 01Chief Executive Officer exercised options to buy kr130k worth of stock.On the 28th of June, Tor Norbakk exercised options to buy 148k shares at a strike price of around kr0.64, costing a total of kr94k. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since December 2020, Tor's direct individual holding has increased from 1.03m shares to 1.18m. Company insiders have collectively bought kr210k more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • May 11First quarter 2021 earnings released: kr0.082 loss per share (vs kr0.18 loss in 1Q 2020)First quarter 2021 results: Net loss: kr9.43m (flat on 1Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings.
Recent Insider Transactions Derivative • Apr 02Chief Executive Officer exercised options to buy kr139k worth of stock.On the 27th of March, Tor Norbakk exercised options to buy 148k shares at a strike price of around kr0.58, costing a total of kr86k. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since December 2020, Tor has owned 1.03m shares directly. Company insiders have collectively bought kr106k more than they sold, via options and on-market transactions, in the last 12 months.
분석 기사 • Mar 07Health Check: How Prudently Does Svenska Aerogel Holding (STO:AERO) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Jan 18New 90-day high: kr1.10The company is up 4.0% from its price of kr1.06 on 20 October 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 5.0% over the same period.
Reported Earnings • Nov 22Third quarter 2020 earnings released: kr0.11 loss per shareThird quarter 2020 results: Net loss: kr8.59m (loss widened 8.5% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Nov 05New 90-day low: kr0.74The company is down 41% from its price of kr1.25 on 07 August 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 27% over the same period.
Is New 90 Day High Low • Oct 21New 90-day low: kr0.84The company is down 34% from its price of kr1.28 on 23 July 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 34% over the same period.