Why is Iconovo AB ?
1
Flat results in Jun 25
- NET SALES(HY) At SEK 0.59 MM has Grown at -69.52%
- RAW MATERIAL COST(Y) Grown by 108.11% (YoY)
- CASH AND EQV(HY) Lowest at SEK 43.1 MM
2
Risky -
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of -71.76%, its profits have fallen by -11.5%
3
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -71.76% returns in the last 1 year, the stock has also underperformed OMX Stockholm 30 in each of the last 3 annual periods
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Pharmaceuticals & Biotechnology)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Iconovo AB for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Iconovo AB
-71.76%
-1.03
84.64%
OMX Stockholm 30
8.01%
0.44
18.11%
Quality key factors
Factor
Value
Sales Growth (5y)
-30.92%
EBIT Growth (5y)
-152.08%
EBIT to Interest (avg)
-38.05
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
-0.07
Sales to Capital Employed (avg)
0.04
Tax Ratio
0
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0
ROE (avg)
0
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
0.76
EV to EBIT
-1.82
EV to EBITDA
-2.42
EV to Capital Employed
0.70
EV to Sales
49.15
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-38.53%
ROE (Latest)
-31.22%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
Mildly Bearish
Technical Movement
8What is working for the Company
OPERATING CASH FLOW(Y)
Highest at SEK -24.44 MM
NET PROFIT(HY)
Higher at SEK -21.53 MM
DEBT-EQUITY RATIO
(HY)
Lowest at -18.54 %
EPS(Q)
Highest at SEK -0.42
-11What is not working for the Company
NET SALES(HY)
At SEK 0.59 MM has Grown at -69.52%
RAW MATERIAL COST(Y)
Grown by 108.11% (YoY
CASH AND EQV(HY)
Lowest at SEK 43.1 MM
DEBTORS TURNOVER RATIO(HY)
Lowest at 0.23%
Here's what is working for Iconovo AB
Operating Cash Flow
Highest at SEK -24.44 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (SEK MM)
Net Profit
Higher at SEK -21.53 MM
than preceding 12 month period ended Jun 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (SEK MM)
EPS
Highest at SEK -0.42
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (SEK)
Debt-Equity Ratio
Lowest at -18.54 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Here's what is not working for Iconovo AB
Net Sales
At SEK 0.59 MM has Grown at -69.52%
Year on Year (YoY)MOJO Watch
Near term sales trend is very negative
Net Sales (SEK MM)
Cash and Eqv
Lowest at SEK 43.1 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents
Debtors Turnover Ratio
Lowest at 0.23%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Raw Material Cost
Grown by 108.11% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






