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Why Svenska Aerogel Holding stock moves

Svenska Aerogel Holding fell without a company-news explanation.

Written after the close on ·

Why today

16,415 news analyzed today

Svenska Aerogel Holding fell without a company-news explanation.

The market also fell slightly that session, so the stock moved about in line with it.

Over the last five trading days, the shares were roughly unchanged while OMX Stockholm 30 rose slightly.

The move was an ordinary one for this stock, and trading volume was well below its usual level.

Today's move of −1.57% was 0.6 times a normal day's 2.5%. OMX Stockholm 30 moved −0.32% on the same day.

Svenska Aerogel Holding −1.57%OMX Stockholm 30 −0.32%A little weaker than the market

Earlier days →

See the chart in ChartCompass, with every move explained →

What analysts expect, and how often they have been right

Analysts’ estimates for Svenska Aerogel Holding.

Svenska Aerogel Holding earned more than expected in 2 out of 3 reports.

The share moved in the same direction as the earnings surprise in 0 out of 3 reports with a measured move, against about 63% of reports from Nordic companies.

Price targets

Latest price 0.44 SEK

Price targets
1.50

One analyst’s target is 1.50 SEK, +241% relative to the latest price of 0.44 SEK. A target is the analyst’s estimate of a future share price.

Earnings against expectations, and the share’s reaction

Earnings against expectations, and the share’s reaction-0.31-0.25-0.20-0.14-0.082026-04-20: -0.26; Expected EPS: -0.2820/4’26−17.4%2026-07-17: -0.18; Expected EPS: -0.2017/7’26−7.2%2026-10-22: -0.13; Expected EPS: -0.1322/10’26−4.4%Next reported quarter: expected earnings per share of -0.11.→11/02

Expected EPSAbove estimateBelow estimateAs expectedSEK

Percentages below show the share’s report-day move; labels are report dates.

Next reported quarter: expected earnings per share of -0.11 SEK (February 11). 2026 estimate: -0.71 SEK. 2027 estimate: -0.40 SEK. One analyst made these estimates. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. May 22: Sell about 42 thousand SEK. March 19: Buy about 79 thousand SEK. December 5: Buy about 30 thousand SEK. November 25: Buy about 20 thousand SEK. November 11: Buy about 27 thousand SEK.

Has the share price followed the business?

Price and earnings moved in the same direction: 0 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −77% and earnings per share went from -2.88 SEK to -1.07 SEK.

Revenue, profit and market cap

Revenue, profit and market cap (m SEK)-44872183492022: 6.352022: -40.2720222023: 3.122023: -44.1120232024: 2.592024: -34.2420242025: 4.712025: -31.902025Now2026: 7.1020262027: 15.7020272022: 313.103132023: 103.801042024: 77.74782025: 44.9945Now: 21.7822

RevenueProfitMarket capHatched bars: analysts’ estimates.m SEK

Market cap is 4.6 times 2025 revenue, against 49.3 in 2022. Profit in 2025: -31.9 m SEK.

Assets, liabilities and market cap

Assets, liabilities and market cap (m SEK)01152303442022: 74.412022: 31.0020222023: 58.512023: 33.4720232024: 45.262024: 11.5020242025: 45.642025: 7.842025Now2022: 313.103132023: 103.801042024: 77.74782025: 44.9945Now: 21.7822

AssetsLiabilitiesMarket capm SEK

Assets minus liabilities leave 37.8 m SEK for shareholders. Market cap is 0.6 times that equity.

Price and earnings moved in the same direction: 0 out of 3 years.Market cap (Now): 21.8 m SEKRevenue 2025: 4.7 m SEK

What the key figures say about Svenska Aerogel Holding

The figures connect what Svenska Aerogel Holding earns with what investors pay.

The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.

Earnings per share-0.72 SEK
NowEarnings per share2022: -7.14222023: -6.78232024: -2.88242025: -1.07252026: -0.71262027: -0.40272022: 56.212023: 14.242024: 6.552025: 1.50

Profit divided by the number of shares. Each share represents this much of the earnings.

2022–2025: -7.14 SEK–-1.07 SEK. Peers: Polygiene Group -0.27 SEK, aXichem -0.25 SEK, Nexam Chemical Holding -0.16 SEK. 2026 estimate: -0.71 SEK (-0.71 SEK–-0.71 SEK). 2027 estimate: -0.40 SEK (-0.40 SEK–-0.40 SEK).

Revenue4.0 m SEK
NowRevenue2022: 6,354,000.00222023: 3,115,000.00232024: 2,588,000.00242025: 4,714,000.00252026: 7,100,000.00262027: 15,700,000.00272022: 56.212023: 14.242024: 6.552025: 1.50

What the company sold during the year.

2022–2025: 2.6 m SEK–6.4 m SEK. Peers: Polygiene Group 126 m SEK, aXichem 16.3 m SEK, Nexam Chemical Holding 189 m SEK. 2026 estimate: 7.1 m SEK (7.1 m SEK–7.1 m SEK). 2027 estimate: 15.7 m SEK (15.7 m SEK–15.7 m SEK).

Operating margin−763.7%
NowOperating margin2022: -612.21222023: -1,336.12232024: -1,295.09242025: -667.56252022: 56.212023: 14.242024: 6.552025: 1.50

The percentage of revenue left after the costs of running the business.

2022–2025: −1336.1%–−612.2%. Peers: Polygiene Group −4.1%, aXichem −94.2%, Nexam Chemical Holding −8.5%.

Return on equity−78.9%
NowReturn on equity2022: -92.78222023: -176.18232024: -101.44242025: -84.38252022: 56.212023: 14.242024: 6.552025: 1.50

Profit as a percentage of shareholders’ money in the company.

2022–2025: −176.2%–−84.4%. Peers: Polygiene Group −3.3%, aXichem −26.7%, Nexam Chemical Holding −9.8%.

Market cap per unit of revenue (P/S)5.43
NowMarket cap per unit of revenue (P/S)2022: 49.28222023: 33.32232024: 30.04242025: 9.54252026: 3.07262027: 1.3927

What investors pay for each unit the company sells.

2022–2025: 9.54–49.28. Peers: Polygiene Group 0.75, aXichem 7.16, Nexam Chemical Holding 1.36. 2026 estimate: 3.07. 2027 estimate: 1.39.

More key figures
Market cap / equity (P/B)0.67
NowMarket cap / equity (P/B)2022: 7.21222023: 4.15232024: 2.30242025: 1.1925

Market cap divided by shareholders’ equity, what remains after liabilities.

2022–2025: 1.19–7.21. Peers: Polygiene Group 0.33, aXichem 2.11, Nexam Chemical Holding 1.26.

Free cash flow per share-0.53 SEK
NowFree cash flow per share2022: -7.44222023: -5.25232024: -2.40242025: -0.87252022: 56.212023: 14.242024: 6.552025: 1.50

Cash left after investments, divided by the number of shares.

2022–2025: -7.44 SEK–-0.87 SEK. Peers: Polygiene Group -0.17 SEK, aXichem -0.12 SEK, Nexam Chemical Holding -0.14 SEK.

Equity ratio82.8%
2025Equity ratio2022: 58.33222023: 42.79232024: 74.58242025: 82.8325

The percentage of assets financed by shareholders’ equity.

2022–2025: 42.8%–82.8%.

What to watch next, and why

The earnings report shows how Svenska Aerogel Holding's revenue and profit have changed.

  • Earnings report

    The earnings report shows how Svenska Aerogel Holding's revenue and profit have changed.

    Add to calendar
More about Svenska Aerogel Holding

Insider trades

People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.

  • Tor Einar Norbakk, CEOSellabout 42 thousand SEK
  • Jim Wennerlid, board memberBuyabout 79 thousand SEK
  • Jim Wennerlid, board memberBuyabout 30 thousand SEK
  • Jim Wennerlid, board memberBuyabout 20 thousand SEK
  • Jim Wennerlid, board memberBuyabout 27 thousand SEK

Earnings report

Next report: · Add to calendar · Google Calendar

Report day4.4%

Normal day2.5%

On its last 16 report days Svenska Aerogel Holding usually moved about 4.4%. On a normal day it moves 2.5%.

−4.44% Why? −7.22% −17.39% +1.32%

10,000 SEK in Svenska Aerogel Holding bought on December 20, 2016 is worth 5 SEK today, with dividends reinvested.

The same amount in OMX Stockholm 30 with dividends would have become 28,500 SEK.

What would 10,000 SEK in Svenska Aerogel Holding be worth today? →

What would 10,000 SEK in Svenska Aerogel Holding be worth today?

5 SEK

with dividends reinvested, bought on December 20, 2016. The same amount in OMX Stockholm 30 with dividends would have become 28,500 SEK.

At worst it was worth 5 SEK (October 23, 2026).

The five biggest days of the journey

· +88.5% · the whole market fell 0.4% the same day

· +74.5% · the whole market rose 0.5% the same day

· +73.9% · the whole market rose 0.7% the same day

· −50.7% · the whole market fell 0.7% the same day · report day

· −37.5% · the whole market rose 1.0% the same day

Earlier days

  • −1.35% market −0.11% Svenska Aerogel Holding was roughly unchanged over the week's trading days. Read →

    Svenska Aerogel Holding was roughly unchanged over the week's trading days.

    The broader market was also roughly flat, so the stock moved in line with it.

    Its move was ordinary in size and trading was quiet.

    The only company news was a CEO video on the third quarter report, which came before the week.

  • +7.19% market +0.83% Svenska Aerogel Holding rose without a company-news explanation. Read →

    Svenska Aerogel Holding rose without a company-news explanation.

    Over the last five trading days the stock rose slightly, while OMX Stockholm 30 also rose slightly, so it moved more than the market.

    Last session the market rose clearly, so the stock's gain was stronger than the index's.

    The trading volume was around its usual level.

    The CEO's video on the third quarter report, released the Tuesday before, is earlier background and does not explain the session.

  • −5.87% market −0.08% Svenska Aerogel Holding fell sharply without company news. Read →

    Svenska Aerogel Holding fell sharply without company news.

    No news from that session explains it.

    Over the last five trading days the stock fell slightly while OMX Stockholm 30 rose slightly.

    The CEO's video on the third quarter, released earlier last week, is background and does not explain the session drop.

  • −0.67% market +0.48% Svenska Aerogel Holding moved little without company news. Read →

    Svenska Aerogel Holding moved little without company news.

    Over the last five trading days the stock rose clearly, moving more than the wider market.

    OMX Stockholm 30 rose only slightly in the last session, so the stock moved less than the index.

    The move was an ordinary one for this stock, within its usual daily range.

    Earlier, the CEO commented on the third quarter report and new customers, which is background rather than a cause.

  • +14.36% market +3.01% Svenska Aerogel Holding rose sharply over the week, a big move for the stock and clearly stronger than the OMX Stockholm 30 index. Read →

    Svenska Aerogel Holding rose sharply over the week, a big move for the stock and clearly stronger than the OMX Stockholm 30 index.

    The main company news in the window was the CEO's video on Tuesday 27 October, where he discussed three new customers launching products and a financing update.

    The stock's rise was likely partly driven by this renewed optimism about customer demand.

    Trading was thin, so the move happened on limited volume.

  • +3.49% market +0.41% Svenska Aerogel rose clearly without a company-news explanation. Read →

    Svenska Aerogel rose clearly without a company-news explanation.

    The stock rose clearly in the last session, more than the market, which edged up.

    No company news from that session explains the move.

    Over the last five trading days it rose slightly, in line with OMX Stockholm 30, which rose sharply.

    Trading was well below its usual level, so the move may reflect thin trading.

  • +5.42% market +0.96% Svenska Aerogel Holding rose sharply. Read →

    Svenska Aerogel Holding rose sharply.

    The CEO's video update on the third quarter, published that day, likely helped lift the shares.

    Over the last five trading days the stock fell clearly while OMX Stockholm 30 was roughly flat.

    Trading volume was well below its usual level, so the rise was thinly traded.

    The quarterly report published last Thursday showed sales of only 1.2 MSEK and an operating loss, so the stock still reflects weak earnings.

  • +4.10% market +1.57% Svenska Aerogel Holding rose without a company-news explanation. Read →

    Svenska Aerogel Holding rose without a company-news explanation.

    Over the last five trading days the stock fell sharply, moving well more than OMX Stockholm 30, which fell only slightly.

    Earlier, the company's Q3 report, published last Thursday before the session, showed a small EBITDA loss and revenue of about SEK 1.2 million, with 18 customers now in commercial launch.

    Trading volume was well below its usual level, so the rise came on thin activity.

  • −9.30% market +0.41% Svenska Aerogel Holding fell very sharply, with no new company news explaining it. Read →

    Svenska Aerogel Holding fell very sharply, with no new company news explaining it.

    The shares moved against OMX Stockholm 30, which rose slightly over the same session.

    Over the last five trading days the shares fell sharply, moving more than the market, which fell sharply too.

    The fall is a big move, about three times a normal five-day stretch, and similar moves happened around nine times in the past year.

    The most recent company news is the Q3 2026 report, published the day before the last session, which showed a loss of SEK 4.7 million in EBITDA (operating profit before depreciation, a rough measure of cash earnings).

  • −14.66% market −3.67% Svenska Aerogel Holding fell sharply over the last five trading days, a much bigger drop than the broader Stockholm market, which also fell. Read →

    Svenska Aerogel Holding fell sharply over the last five trading days, a much bigger drop than the broader Stockholm market, which also fell.

    The move was big for this stock, roughly three times its usual five-day swing, and it dropped to its lowest close of the past year.

    Yesterday it reported a third-quarter loss of about SEK 4.7 million, roughly in line with expectations, and the share fell very sharply in the last session while the market rose slightly.

    The company said three more customers launched products using its material, but revenue remained small.

  • −4.44% market −2.51% Svenska Aerogel fell sharply on its quarterly report that day. Read →

    Svenska Aerogel fell sharply on its quarterly report that day.

    Svenska Aerogel Holding on Nasdaq Stockholm fell clearly in the last session, more than the wider market.

    The company published its July to September quarterly report that day, showing a small loss and sales of only about 1.2 million SEK.

    Earnings were roughly in line with expectations, so the drop likely reflects weak sales and the company's ongoing losses.

    Its report-day moves are usually about twice a normal day, so this was an ordinary report-day reaction.

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