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Midsummer (MIDS BTA) Stock Overview

Develops, manufactures, and sells solar panels to industrial and commercial properties, public sector organizations, private individuals, and roof and solar cell installers. More details

MIDS BTA fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Revenue is forecast to grow 52.52% per year

Risk Analysis

Shares are highly illiquid

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (SEK237M)

MIDS BTA Community Fair Values

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Midsummer AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Midsummer
Historical stock prices
Current Share Price	SEK 1.14
52 Week High	SEK 1.34
52 Week Low	SEK 0.85
Beta	0.24
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	13.60%

Recent updates

Shareholder Returns

	MIDS BTA	SE Semiconductor	SE Market
7D	-10.7%	14.9%	0.03%
1Y	n/a	34.0%	6.5%

Return vs Industry: Insufficient data to determine how MIDS BTA performed against the Swedish Semiconductor industry.

Return vs Market: Insufficient data to determine how MIDS BTA performed against the Swedish Market.

Price Volatility

Is MIDS BTA's price volatile compared to industry and market?
MIDS BTA volatility
MIDS BTA Average Weekly Movement	n/a
Semiconductor Industry Average Movement	6.9%
Market Average Movement	5.8%
10% most volatile stocks in SE Market	11.7%
10% least volatile stocks in SE Market	2.9%

Stable Share Price: MIDS BTA has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine MIDS BTA's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2004	114	Sven Lindström	www.midsummer.se

Midsummer AB (publ) develops and supplies equipment for the production of flexible thin-film solar cells in Sweden, China, Hong Kong, the European Union, and internationally. It offers Duo, a ready-made production system for the CIGS solar cell manufacturing; UNO, a generic tool used for solar cell research; Slim, combination of thin solar panels and a classic folded sheet metal roof; Wave, a solar panel used for roof tiles; and Bold, an ultra-light and flexible solar panel that prevents damage to the roof caused by UV light. The company also sells and installs panels and solar roofs, as well as replacement roofs.

Midsummer AB (publ) Fundamentals Summary

How do Midsummer's earnings and revenue compare to its market cap?
MIDS BTA fundamental statistics
Market cap	SEK 236.89m
Earnings (TTM)	-SEK 191.77m
Revenue (TTM)	SEK 71.61m

3.3x

P/S Ratio

-1.2x

P/E Ratio

Is MIDS BTA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MIDS BTA income statement (TTM)
Revenue	SEK 71.61m
Cost of Revenue	SEK 90.58m
Gross Profit	-SEK 18.97m
Other Expenses	SEK 172.80m
Earnings	-SEK 191.77m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

Feb 12, 2024

Earnings per share (EPS)	-0.93
Gross Margin	-26.49%
Net Profit Margin	-267.80%
Debt/Equity Ratio	101.2%

How did MIDS BTA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/01/10 23:56
End of Day Share Price	2024/01/10 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Midsummer AB (publ) is covered by 1 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Orjan Roden	DNB Carnegie Commissioned Research

Midsummer AB (publ)OM:MIDS BTA Stock Report