How does MINEST's PS Ratio compare to its peers?

MINEST is expensive based on its Price-To-Sales Ratio (17.3x) compared to the peer average (6.1x).

How does MINEST's PS Ratio compare vs other companies in the SE Electrical Industry?

MINEST is expensive based on its Price-To-Sales Ratio (17.3x) compared to the Swedish Electrical industry average (1.4x).

What is MINEST's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MINEST is good value based on its Price-To-Sales Ratio (17.3x) compared to the estimated Fair Price-To-Sales Ratio (122.6x).

What is the Fair Price of MINEST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate MINEST's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Minesto (OM:MINEST) - Stock Price, News & Analysis

MINEST Stock Overview

Operates as a marine energy developer in Sweden, Wales, the Faroe Islands, Northern Ireland, and Taiwan. More details

MINEST fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Earnings are forecast to grow 199.13% per year

Earnings have grown 4.8% per year over the past 5 years

Risk Analysis

Has less than 1 year of cash runway

Volatile share price over the past 3 months compared to the Swedish market

Does not have a meaningful market cap (SEK448M)

Shareholders have been diluted in the past year

+ 1 more risk

Minesto AB (publ) Competitors

Climeon

OM:CLIME B

SEK 117.4m

SeaTwirl

OM:STW

SEK 60.4m

Hexicon

OM:HEXI

SEK 54.5m

Metacon

OM:META

SEK 136.8m

Price History & Performance

Summary of all time highs, changes and price drops for Minesto
Historical stock prices
Current Share Price	SEK 2.35
52 Week High	SEK 10.68
52 Week Low	SEK 2.08
Beta	1.16
11 Month Change	-30.93%
3 Month Change	-21.83%
1 Year Change	-73.62%
33 Year Change	-88.04%
5 Year Change	-84.47%
Change since IPO	-67.88%

Recent updates

At kr17.65, Is It Time To Put Minesto AB (publ) (STO:MINEST) On Your Watch List?

Feb 01

Minesto AB (publ)'s (STO:MINEST) Shift From Loss To Profit

May 03

The Minesto (STO:MINEST) Share Price Is Up 638% And Shareholders Are Delighted

Feb 28

When Can We Expect A Profit From Minesto AB (publ) (STO:MINEST)?

Feb 01

What Does Minesto AB (publ)'s (STO:MINEST) Share Price Indicate?

Jan 11

Our View On Minesto's (STO:MINEST) CEO Pay

Dec 21

Is Minesto (STO:MINEST) In A Good Position To Invest In Growth?

Nov 23

Shareholder Returns

	MINEST	SE Electrical	SE Market
7D	-15.9%	-3.7%	-2.1%
1Y	-73.6%	16.8%	10.8%

Return vs Industry: MINEST underperformed the Swedish Electrical industry which returned 16.8% over the past year.

Return vs Market: MINEST underperformed the Swedish Market which returned 10.8% over the past year.

Price Volatility

Is MINEST's price volatile compared to industry and market?
MINEST volatility
MINEST Average Weekly Movement	10.4%
Electrical Industry Average Movement	8.5%
Market Average Movement	5.6%
10% most volatile stocks in SE Market	11.2%
10% least volatile stocks in SE Market	3.3%

Stable Share Price: MINEST's share price has been volatile over the past 3 months compared to the Swedish market.

Volatility Over Time: MINEST's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Swedish stocks.

About the Company

Founded	Employees	CEO	Website
2007	49	Martin Edlund	www.minesto.com

Minesto AB (publ), together with its subsidiaries, operates as a marine energy developer in Sweden, Wales, the Faroe Islands, Northern Ireland, and Taiwan. The company offers Deep Green technology turbines, that produces electricity from tidal streams and ocean currents. Minesto AB (publ) was incorporated in 2007 and is headquartered in Västra Frölunda, Sweden.

Minesto AB (publ) Fundamentals Summary

How do Minesto's earnings and revenue compare to its market cap?
MINEST fundamental statistics
Market cap	SEK 448.41m
Earnings (TTM)	-SEK 43.22m
Revenue (TTM)	SEK 26.31m

17.3x

P/S Ratio

-10.5x

P/E Ratio

Is MINEST overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MINEST income statement (TTM)
Revenue	SEK 26.31m
Cost of Revenue	SEK 17.53m
Gross Profit	SEK 8.78m
Other Expenses	SEK 52.00m
Earnings	-SEK 43.22m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.22
Gross Margin	33.37%
Net Profit Margin	-164.25%
Debt/Equity Ratio	0.09%

How did MINEST perform over the long term?

See historical performance and comparison

MINEST Stock Overview

Rewards

Risk Analysis

Minesto AB (publ) Competitors

OM:CLIME B

SEK 117.4m

OM:STW

SEK 60.4m

OM:HEXI

SEK 54.5m

OM:META

SEK 136.8m

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: kr0.05 loss per share (vs kr0.054 loss in 3Q 2023)

Second quarter 2024 earnings released: kr0.061 loss per share (vs kr0.026 loss in 2Q 2023)

Minesto Announces Retirement of Bengt Adolfsson as Member of Board

First quarter 2024 earnings released: kr0.07 loss per share (vs kr0.04 loss in 1Q 2023)

Minesto AB (publ) Announces Bengt Adolfsson Declines Re-Election as Director

New minor risk - Shareholder dilution

Recent updates

Third quarter 2024 earnings released: kr0.05 loss per share (vs kr0.054 loss in 3Q 2023)

Second quarter 2024 earnings released: kr0.061 loss per share (vs kr0.026 loss in 2Q 2023)

Minesto Announces Retirement of Bengt Adolfsson as Member of Board

First quarter 2024 earnings released: kr0.07 loss per share (vs kr0.04 loss in 1Q 2023)

Minesto AB (publ) Announces Bengt Adolfsson Declines Re-Election as Director

New minor risk - Shareholder dilution

Minesto AB (publ) has completed a Composite Units Offering in the amount of SEK 100.150038 million.

Full year 2023 earnings: EPS and revenues miss analyst expectations

Minesto AB (publ), Annual General Meeting, Apr 24, 2024

Minesto AB (publ) Announces Dragon 12 Functionality Verified and Power Production Performance Completes Completion

We're Keeping An Eye On Minesto's (STO:MINEST) Cash Burn Rate

The Swedish Energy Agency Awards Minesto a SEK 2.8 Million Grant to Support Development and Testing of Next Generation Mooring System

New major risk - Share price stability

New minor risk - Market cap size

Minesto Has Successfully Executed the Launch & Recovery Method (LARS) for the First Megawatt Tidal Kite Dragon 12

Third quarter 2023 earnings released: kr0.034 loss per share (vs kr0.034 loss in 3Q 2022)

Is Minesto (STO:MINEST) In A Good Position To Invest In Growth?

Minesto Completes Build and Functional Testing of Sea-Bed Connection System for the 1.2-Megawatt Powerplant Dragon 12

New major risk - Share price stability

Minesto AB (publ) to Report Fiscal Year 2023 Results on Mar 21, 2024

Second quarter 2023 earnings released

Minesto AB Elects Joel Lybert as New Board Member

First quarter 2023 earnings released: kr0.04 loss per share (vs kr0.03 loss in 1Q 2022)

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Development on Minesto AB (publ)'s Dragon Class Project - New Record-Levels of Electricity Production

No longer forecast to breakeven

Insufficient new directors

Forecast to breakeven in 2023

Third quarter 2022 earnings released: kr0.034 loss per share (vs kr0.022 loss in 3Q 2021)

Minesto AB (publ) to Report Fiscal Year 2022 Final Results on Mar 23, 2023

We Think Minesto (STO:MINEST) Needs To Drive Business Growth Carefully

Second quarter 2022 earnings released

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Insufficient new directors

Minesto AB (publ), Annual General Meeting, Jun 08, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

At kr17.65, Is It Time To Put Minesto AB (publ) (STO:MINEST) On Your Watch List?

Insufficient new directors

Third quarter 2021 earnings released: kr0.022 loss per share (vs kr0.018 loss in 3Q 2020)

Minesto Launches Dragon Class Power Plants for Commercial Scale-Up

Second quarter 2021 earnings released: kr0.028 loss per share (vs kr0.033 loss in 2Q 2020)

Minesto AB (publ)'s (STO:MINEST) Shift From Loss To Profit

First quarter 2021 earnings released: kr0.02 loss per share (vs kr0.02 loss in 1Q 2020)

Full year 2020 earnings released: kr0.10 loss per share (vs kr0.92 loss in FY 2019)

Minesto and Schneider Electric Join Forces to Commercialize Marine Energy

The Minesto (STO:MINEST) Share Price Is Up 638% And Shareholders Are Delighted

Minesto and Technia Take Design Collaboration Global with 3Dexperience

New 90-day low: kr21.50

When Can We Expect A Profit From Minesto AB (publ) (STO:MINEST)?

New 90-day low: kr23.10

What Does Minesto AB (publ)'s (STO:MINEST) Share Price Indicate?

Our View On Minesto's (STO:MINEST) CEO Pay

New 90-day low: kr25.00

Minesto Installs and Commences Commissioning Activities of its 100kW DG100 Tidal Kite System in October

Is Minesto (STO:MINEST) In A Good Position To Invest In Growth?

New 90-day low: kr27.10

New 90-day low: kr27.95

Third quarter earnings released

Earnings released