Midsummer Future Growth

Future criteria checks 2/6

Midsummer is forecast to grow earnings and revenue by 91.1% and 77.4% per annum respectively while EPS is expected to grow by 95.5% per annum.

Key information

91.1%

Earnings growth rate

95.5%

EPS growth rate

Semiconductor earnings growth	21.9%
Revenue growth rate	77.4%
Future return on equity	n/a
Analyst coverage	Low
Last updated	03 Sep 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

OM:MIDS - Analysts future estimates and past financials data (SEK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	620	-11	12	37	1
12/31/2025	509	-3	-17	23	1
12/31/2024	87	-162	-77	-12	1
6/30/2024	66	-221	-94	-37	N/A
3/31/2024	65	-204	-174	-84	N/A
12/31/2023	68	-222	-131	-67	N/A
9/30/2023	62	-185	-103	-46	N/A
6/30/2023	62	-179	-72	-5	N/A
3/31/2023	70	-175	-96	-13	N/A
12/31/2022	74	-88	-152	-82	N/A
9/30/2022	94	-94	-237	-108	N/A
6/30/2022	136	-67	-220	-92	N/A
3/31/2022	121	-52	-212	-122	N/A
12/31/2021	119	-130	-179	-63	N/A
9/30/2021	88	-122	-114	-35	N/A
6/30/2021	38	-140	-120	-41	N/A
3/31/2021	70	-120	-133	-54	N/A
12/31/2020	96	-92	-133	-80	N/A
9/30/2020	116	-75	-136	-94	N/A
6/30/2020	133	-63	-156	-115	N/A
3/31/2020	208	-47	-151	-107	N/A
12/31/2019	198	-40	-118	-73	N/A
9/30/2019	224	-15	-102	-76	N/A
6/30/2019	266	22	-109	-89	N/A
3/31/2019	213	34	-72	-58	N/A
12/31/2018	240	37	-60	-50	N/A
12/31/2017	127	23	N/A	37	N/A
12/31/2016	70	10	N/A	N/A	N/A
12/31/2015	41	-8	N/A	N/A	N/A
12/31/2014	10	-29	N/A	N/A	N/A
12/31/2013	43	10	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MIDS is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MIDS is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MIDS is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MIDS's revenue (77.4% per year) is forecast to grow faster than the Swedish market (1% per year).

High Growth Revenue: MIDS's revenue (77.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if MIDS's Return on Equity is forecast to be high in 3 years time

Midsummer Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus revenue estimates fall by 68%

Price target decreased by 65% to kr5.80

Forecast to breakeven in 2024

Price target decreased to kr16.45

Price target decreased to kr16.40

Recent updates

Consensus revenue estimates fall by 68%

Is Midsummer (STO:MIDS) A Risky Investment?

Second quarter 2024 earnings released: kr0.39 loss per share (vs kr0.55 loss in 2Q 2023)

First quarter 2024 earnings released: kr0.15 loss per share (vs kr0.54 loss in 1Q 2023)

New major risk - Financial position

Full year 2023 earnings: EPS and revenues miss analyst expectations

New major risk - Revenue and earnings growth

Midsummer AB (Publ) Appoints Eric Jaremalm as the New CEO

Co-Founder recently sold kr1.1m worth of stock

Midsummer AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 65.993972 million.

New minor risk - Financial position

Third quarter 2023 earnings released: kr0.56 loss per share (vs kr0.68 loss in 3Q 2022)

New minor risk - Profitability

Second quarter 2023 earnings released: kr0.83 loss per share (vs kr0.77 loss in 2Q 2022)

Less than half of directors are independent

Price target decreased by 65% to kr5.80

New major risk - Shareholder dilution

Forecast to breakeven in 2024

Midsummer AB (publ) has completed a Composite Units Offering in the amount of SEK 277.59978 million.

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Midsummer AB (publ) announced that it has received SEK 20.399993 million in funding from Murel Investment Construction Co.

Third quarter 2022 earnings released: kr0.68 loss per share (vs kr0.32 loss in 3Q 2021)

Price target decreased to kr16.45

Midsummer AB (publ) to Report Q3, 2023 Results on Nov 01, 2023

Would Midsummer (STO:MIDS) Be Better Off With Less Debt?

Does Midsummer (STO:MIDS) Have A Healthy Balance Sheet?

Full year 2021 earnings released: kr2.18 loss per share (vs kr2.65 loss in FY 2020)

Price target decreased to kr16.40

Is Midsummer (STO:MIDS) A Risky Investment?

Independent Director exercised options to buy kr9.9m worth of stock.

Third quarter 2021 earnings released: kr0.32 loss per share (vs kr1.19 loss in 3Q 2020)

Second quarter 2021 earnings released: kr0.64 loss per share (vs kr0.57 loss in 2Q 2020)

First quarter 2021 earnings released: kr0.46 loss per share (vs kr0.021 profit in 1Q 2020)

Full year 2020 earnings released: kr2.65 loss per share (vs kr1.30 loss in FY 2019)

Is Midsummer (STO:MIDS) Using Debt In A Risky Way?

Full year 2020 earnings released: kr2.65 loss per share (vs kr1.30 loss in FY 2019)

Midsummer's(STO:MIDS) Share Price Is Down 51% Over The Past Year.

New 90-day low: kr9.88

Midsummer Appoints Nominating Committee

Midsummer AB (publ) sells UNO system to UNSW Sydney

Midsummer AB (publ) to Report Fiscal Year 2020 Final Results on Apr 15, 2021

New 90-day low: kr10.92

Third quarter 2020 earnings released: kr1.19 loss per share

Here's Why Midsummer (STO:MIDS) Can Afford Some Debt

New 90-day low: kr13.46

New 90-day low: kr16.20

Midsummer AB (publ) to Report Q3, 2020 Results on Nov 24, 2020

New 90-day low - kr18.72

Earnings released

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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