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Why Flerie stock moves

Flerie rose slightly.

Written after the close on ·

Why today

16,413 news analyzed today

Flerie rose slightly.

Flerie rose, against a falling market after a rights issue at its portfolio company Xspray Pharma.

Over the last five trading days Flerie fell very sharply while OMX Stockholm 30 was roughly flat, a very big move for the stock.

The rights issue, worth about SEK 90 million, lets existing shareholders buy new shares, which can weigh on a share price.

Flerie's own net asset value per share fell 3.3% in October, adding to the pressure.

Today's move of +0.39% was 0.5 times a normal day's 0.9%. OMX Stockholm 30 moved −1.01% on the same day.

Flerie +0.39%OMX Stockholm 30 −1.01%Against 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 Flerie.

Ratings

Now
Buy 1Hold 0Sell 0

A rating is the analyst’s own opinion about the share.

Price targets

Latest price 12.80 SEK

Price targets
22.00

One analyst’s target is 22.00 SEK, +72% relative to the latest price of 12.80 SEK. A target is the analyst’s estimate of a future share price.

People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. October 23: Buy about 160 thousand SEK. October 21: Buy about 140 thousand SEK. October 19: Buy about 147 thousand SEK. October 16: Buy about 144 thousand SEK. April 28: Buy about 149 thousand SEK.

Has the share price followed the business?

Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −20% and earnings per share went from -2.83 SEK to -8.50 SEK.

Revenue, profit and market cap

Revenue, profit and market cap (bn SEK)-0.80.92.54.12022: 0.002022: -0.1020222023: 0.002023: -0.5620232024: 0.002024: -0.2320242025: 0.002025: -0.762025Now2022: 0.450.52023: 0.140.12024: 3.673.72025: 2.902.9Now: 1.141.1

RevenueProfitMarket capbn SEK

Assets, liabilities and market cap

Assets, liabilities and market cap (bn SEK)0.01.53.14.62022: 0.352022: 0.0220222023: 3.582023: 0.0220232024: 4.222024: 0.0320242025: 3.402025: 0.022025Now2022: 0.450.52023: 0.140.12024: 3.673.72025: 2.902.9Now: 1.141.1

AssetsLiabilitiesMarket capbn SEK

Assets minus liabilities leave 3.4 bn SEK for shareholders. Market cap is 0.3 times that equity.

Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): 1.1 bn SEKRevenue 2025: 0.0 m SEK

What the key figures say about Flerie

The figures connect what Flerie earns with what investors pay.

The line shows the share price in the same year, on its own scale.

Earnings per share-11.21 SEK
NowEarnings per share2022: -16.62222023: -9.92232024: -2.83242025: -8.50252022: 73.942023: 22.402024: 41.082025: 32.77

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

2022–2025: -16.62 SEK–-2.83 SEK. Peers: Oncopeptides -0.76 SEK, AlzeCure Pharma 0.30 SEK, Pyxis Oncology -$1.27.

Revenue2.6 m SEK
NowRevenue2022: 0.00222023: 0.00232024: 100,000.00242025: 0.00252022: 73.942023: 22.402024: 41.082025: 32.77

What the company sold during the year.

2022–2025: 0.0 m SEK–0.1 m SEK. Peers: Oncopeptides 104 m SEK, AlzeCure Pharma 97.3 m SEK, Pyxis Oncology $11.0M.

Operating margin−2231.6%
NowOperating margin22232024: -105,600.0024252022: 73.942023: 22.402024: 41.082025: 32.77

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

2022–2025: −105600.0%–−105600.0%. Peers: Oncopeptides −204.5%, AlzeCure Pharma 31.3%, Pyxis Oncology −834.4%.

Return on equity−27.7%
NowReturn on equity2022: -30.04222023: -15.69232024: -5.43242025: -22.41252022: 73.942023: 22.402024: 41.082025: 32.77

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

2022–2025: −30.0%–−5.4%. Peers: AlzeCure Pharma 62.9%, Pyxis Oncology −179.1%.

Market cap per unit of revenue (P/S)439.95
NowMarket cap per unit of revenue (P/S)22232024: 36,652.182425

What investors pay for each unit the company sells.

2022–2025: 36,652.18–36,652.18. Peers: Oncopeptides 7.27, AlzeCure Pharma 7.23, Pyxis Oncology 17.99.

More key figures
Market cap / equity (P/B)0.36
NowMarket cap / equity (P/B)2022: 1.35222023: 0.04232024: 0.87242025: 0.8625

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

2022–2025: 0.04–1.35. Peers: AlzeCure Pharma 9.23, Pyxis Oncology 1.95.

Free cash flow per share-0.35 SEK
NowFree cash flow per share2022: -21.26222023: -12.12232024: -0.19242025: -0.32252022: 73.942023: 22.402024: 41.082025: 32.77

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

2022–2025: -21.26 SEK–-0.19 SEK. Peers: Oncopeptides -0.42 SEK, AlzeCure Pharma -0.46 SEK, Pyxis Oncology -$0.57.

Equity ratio99.4%
2025Equity ratio2022: 95.05222023: 99.51232024: 99.40242025: 99.4025

The percentage of assets financed by shareholders’ equity.

2022–2025: 95.1%–99.5%.

What followed similar falls?

Including reinvested dividends, Flerie fell 7.9% over the latest five trading days. Since November 7, 2016, falls at least this large were followed by a higher value 21 trading days later in 15 out of 37 non-overlapping periods. The median was −1.3%, against −2.2% for an ordinary 21-day period, which ended higher 41 times in 100.

Such a fall has not said much about the next month.

−1.3% · 15/37

What to watch next, and why

The earnings report shows how Flerie's revenue and profit have changed.

  • Earnings report

    The earnings report shows how Flerie's revenue and profit have changed.

    Add to calendar
More about Flerie

Insider trades

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

  • Mark Quick, senior executiveBuyabout 160 thousand SEK
  • Ted Fjällman, CEO (closely associated)Buyabout 140 thousand SEK
  • Ted Fjällman, CEO (closely associated)Buyabout 147 thousand SEK
  • Ted Fjällman, CEO (closely associated)Buyabout 144 thousand SEK
  • Mark Quick, senior executiveBuyabout 149 thousand SEK

Earnings report

Next report: · Add to calendar · Google Calendar

Report day0.9%

Normal day0.9%

On its last 16 report days Flerie usually moved about 0.9%. On a normal day it moves 0.9%.

−0.63% +0.00% −4.18% −0.14%

10,000 SEK in Flerie bought on November 7, 2016 is worth 650 SEK today, with dividends reinvested.

What would 10,000 SEK in Flerie be worth today? →

What would 10,000 SEK in Flerie be worth today?

650 SEK

with dividends reinvested, bought on November 7, 2016.

At worst it was worth 648 SEK (November 5, 2026).

The five biggest days of the journey

· −64.8% · the whole market rose 0.7% the same day

· +52.1% · the whole market rose 0.8% the same day

· −26.8% · the whole market rose 0.3% the same day

· −22.7% · the whole market fell 0.3% the same day · report day

· +17.4% · the whole market was unchanged the same day

Earlier days

  • −7.91% market −0.11% Flerie fell very sharply over the week, while the broader Stockholm market was roughly flat. Read →

    Flerie fell very sharply over the week, while the broader Stockholm market was roughly flat.

    A rights issue means existing shareholders are offered new shares, which can weigh on the price of the existing shares.

    The move was large by Flerie's standards, and the share price is now near its lowest close of the past year.

    Flerie's next report is due on Wednesday 20 January 2027.

  • −1.92% market −0.32% Flerie fell sharply without a company-news explanation. Read →

    Flerie fell sharply without a company-news explanation.

    Flerie fell sharply while OMX Stockholm 30 fell only slightly, so it moved more than the market.

    Over the last five trading days Flerie fell very sharply while OMX Stockholm 30 rose slightly, a very big move for the stock.

    The latest close sits near the lowest level of the past year, well below its highest close last year.

    The next earnings report is due Wednesday 20 January 2027.

  • −1.89% market +0.83% Flerie fell, moving against a slightly rising market. Read →

    Flerie fell, moving against a slightly rising market.

    The Life Science investor's net asset value per share fell 3.3% in October, to 34.72 SEK, which pressured the share price.

    Over five days the stock fell very sharply, a very big move for Flerie, roughly four times a normal five-day stretch.

    Trading was around its usual level.

    Investors likely reacted to the lower asset value, shares issued in the Biosergen merger, and a fall in the share price toward its lowest close of the past year.

  • −2.57% market −0.08% Flerie fell sharply. Read →

    Flerie fell sharply.

    Its net asset value per share fell 3.3% in October, to 34.72 SEK.

    The rest of the week also saw a large decline, against a slightly rising market.

    Likely the NAV drop, a value of holdings.

    Trading was well above its usual level, and the share sits at its lowest close of the past year.

  • −2.16% market +0.48% Flerie fell sharply while the market rose slightly. Read →

    Flerie fell sharply while the market rose slightly.

    No company news from that session explains the move.

    Over the last five trading days Flerie fell very sharply, against a clearly rising market.

    That is a very big move for Flerie, and such moves have been rare over the past year.

    Earlier news from the merger with Biosergen and a planned share issue may add to selling pressure.

  • −3.14% market −0.29% Flerie fell sharply without a company-news explanation. Read →

    Flerie fell sharply without a company-news explanation.

    Over the last five trading days, Flerie fell very sharply while the OMX Stockholm 30 rose clearly, so it moved against the market.

    In the last session it fell very sharply, a bigger drop than the market's slight decline.

    Earlier news covered the completed Biosergen merger and a planned rights issue by its portfolio company Nanologica, but neither was announced in that session.

  • −8.55% market +3.01% Flerie fell very sharply over the week, moving against a market that rose clearly. Read →

    Flerie fell very sharply over the week, moving against a market that rose clearly.

    The move was very big for the company, about four times a normal five-day stretch, and the share price sits at its lowest close of the past year.

    The likeliest driver is the completed merger with Biosergen, which added 2.67 million new shares as payment, so the share count grew.

    Its portfolio company Nanologica also named Mark Quick as CEO and announced a rights issue of about SEK 110.5 million, which likely weighed on sentiment.

  • −3.38% market +0.33% Flerie fell, while OMX Stockholm 30 rose slightly. Read →

    Flerie fell, while OMX Stockholm 30 rose slightly.

    No company news explains this move.

    Over the last five trading days Flerie fell sharply, against a slightly rising market.

    The drop came on heavy trading, and the latest close sits near the lowest level of the past year.

    The most likely driver is the completed merger with Biosergen, partly alongside a planned rights issue, a share sale to existing shareholders.

  • −1.97% market +1.57% Flerie fell sharply, while the market rose clearly. Read →

    Flerie fell sharply, while the market rose clearly.

    Completion of the Biosergen merger was announced that day, and it is the most likely reason.

    The merger added 2.67 million new shares, which can weigh on existing holders.

    Over the last five trading days Flerie fell slightly, a little less than the market.

  • −2.56% market +1.25% Flerie fell sharply as the market rose, most likely because of the merger news: the Swedish Companies Registration Office approved the merger plan with Biosergen, a company the Stockholm-listed shareholder company folds into itself, and Biosergen is set to be delisted. Read →

    Flerie fell sharply as the market rose, most likely because of the merger news: the Swedish Companies Registration Office approved the merger plan with Biosergen, a company the Stockholm-listed shareholder company folds into itself, and Biosergen is set to be delisted.

    Such mergers can add dilution and integration uncertainty for holders, and the drop also followed the company's weak quarterly report, which showed a lower net asset value per share (the value of its stakes in other companies, divided by its share count) and a full writedown of Empros Pharma.

    Over the last five trading days, Flerie was roughly flat while OMX Stockholm 30 rose slightly.

    Next to watch is the merger registration, expected on October 23, 2026.

  • +0.33% market +1.19% Flerie was roughly unchanged over the last five trading days, moving less than the broader market, which rose slightly. Read →

    Flerie was roughly unchanged over the last five trading days, moving less than the broader market, which rose slightly.

    The main company news was the approval from the Swedish Companies Registration Office for its merger with Biosergen, which is a structural step rather than a value-changing event, so it likely had limited price impact.

    The company also published its Q3 2026 interim report yesterday, showing net asset value per share down about 8 per cent in the quarter, driven by write-downs in portfolio companies, which likely weighed on sentiment.

    Net asset value is the estimated value of the company's holdings minus its debts, divided by the number of shares.

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