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Serstech OM:SERT Stock Report

Last Price


Market Cap







27 Sep, 2022


Company Financials
SERT fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health4/6

SERT Stock Overview

Serstech AB provides chemical identification instruments worldwide.

Serstech Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Serstech
Historical stock prices
Current Share Pricekr0.64
52 Week Highkr1.68
52 Week Lowkr0.62
1 Month Change-38.16%
3 Month Change-50.77%
1 Year Change-52.59%
3 Year Change-85.01%
5 Year Change-80.78%
Change since IPO-82.22%

Recent News & Updates

Shareholder Returns

SERTSE ElectronicSE Market

Return vs Industry: SERT underperformed the Swedish Electronic industry which returned -28.9% over the past year.

Return vs Market: SERT underperformed the Swedish Market which returned -30.2% over the past year.

Price Volatility

Is SERT's price volatile compared to industry and market?
SERT volatility
SERT Average Weekly Movement10.4%
Electronic Industry Average Movement6.7%
Market Average Movement6.9%
10% most volatile stocks in SE Market11.7%
10% least volatile stocks in SE Market4.3%

Stable Share Price: SERT is more volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 10% a week.

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

About the Company

200622Stefan Sandor

Serstech AB provides chemical identification instruments worldwide. It offers the Serstech 100 Indicator, a handheld, small, and light Raman spectrometer for measuring chemicals, such as explosives, narcotics, toxic industrial chemicals, pharmaceuticals, and chemical warfare agents; and ChemDash, a central management software for Serstech devices. The company also provides Serstech Arx and Serstech Arx+ revolutionizing instruments for quick and precise identification of chemical substances; and Serstech’s SERS kit that allows for quick identification of low concentrations and narcotics samples.

Serstech Fundamentals Summary

How do Serstech's earnings and revenue compare to its market cap?
SERT fundamental statistics
Market Capkr53.64m
Earnings (TTM)-kr16.57m
Revenue (TTM)kr16.65m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SERT income statement (TTM)
Cost of Revenuekr6.01m
Gross Profitkr10.64m
Other Expenseskr27.21m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 10, 2022

Earnings per share (EPS)-0.20
Gross Margin63.88%
Net Profit Margin-99.54%
Debt/Equity Ratio2.6%

How did SERT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is SERT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SERT?

Other financial metrics that can be useful for relative valuation.

SERT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.2x
Enterprise Value/EBITDA-3.1x
PEG Ration/a

Price to Sales Ratio vs Peers

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

SERT PS Ratio vs Peers
The above table shows the PS ratio for SERT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.2x
WPAY Westpay
BPCINS BPC Instruments
INSP Insplorion
GPX Gasporox
SERT Serstech

Price-To-Sales vs Peers: SERT is expensive based on its Price-To-Sales Ratio (3.2x) compared to the peer average (3.2x).

Price to Earnings Ratio vs Industry

How does SERT's PE Ratio compare vs other companies in the SE Electronic Industry?

Price-To-Sales vs Industry: SERT is expensive based on its Price-To-Sales Ratio (3.2x) compared to the Swedish Electronic industry average (1.8x)

Price to Sales Ratio vs Fair Ratio

What is SERT'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.

SERT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SERT's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate SERT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SERT's fair value for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Serstech forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Tech industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Serstech has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Examine Serstech's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Serstech competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Serstech performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SERT is currently unprofitable.

Growing Profit Margin: SERT is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: SERT is unprofitable, and losses have increased over the past 5 years at a rate of 16.4% per year.

Accelerating Growth: Unable to compare SERT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SERT is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (12.3%).

Return on Equity

High ROE: SERT has a negative Return on Equity (-34.87%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Serstech's financial position?

Financial Health Score


Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SERT's short term assets (SEK16.1M) exceed its short term liabilities (SEK11.0M).

Long Term Liabilities: SERT's short term assets (SEK16.1M) exceed its long term liabilities (SEK118.0K).

Debt to Equity History and Analysis

Debt Level: SERT has more cash than its total debt.

Reducing Debt: SERT's debt to equity ratio has reduced from 7.4% to 2.6% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SERT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SERT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 90.8% each year

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What is Serstech current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Serstech Dividend Yield vs Market
How does Serstech dividend yield compare to the market?
SegmentDividend Yield
Company (Serstech)n/a
Market Bottom 25% (SE)1.9%
Market Top 25% (SE)6.1%
Industry Average (Electronic)1.3%
Analyst forecast in 3 Years (Serstech)n/a

Notable Dividend: Unable to evaluate SERT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SERT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SERT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SERT's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SERT has not reported any payouts.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Stefan Sandor (46 yo)



Mr. Stefan Sandor serves as Managing Director of Serstech AB since 2018 and has been its Chief Executive Officer.

Leadership Team

Experienced Management: SERT's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

Experienced Board: SERT's board of directors are considered experienced (5.7 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of SERT?
Owner TypeNumber of SharesOwnership Percentage

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Company Information

Serstech AB's employee growth, exchange listings and data sources

Key Information

  • Name: Serstech AB
  • Ticker: SERT
  • Exchange: OM
  • Founded: 2006
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: kr53.642m
  • Shares outstanding: 83.82m
  • Website:

Number of Employees


  • Serstech AB
  • Aldermansgatan 13
  • Lund
  • Skåne County
  • 227 64
  • Sweden


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SERTOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKAug 2013
284DB (Deutsche Boerse AG)YesShare CapitalDEEURAug 2013

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Annual Earnings2021/12/31

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 here.