YOLFTbeta
Midsummer AB (publ)

Midsummer AB (publ)

MIDS · ST · Technology / Solar

1.23SEK+0.03 (+2.83%)

Price History

Full chart

Market Stats

Previous Close1.20
Open1.20
Day Range1.18 – 1.25
52-Week Range0.71 – 2.90
Volume1.65M
Market Cap688.51M
P/E (TTM)0.00
Forward P/E0.00
EPS-0.03
Dividend Yield0.00%
Beta0.63
50-Day Avg1.48
200-Day Avg1.21

About

Midsummer AB (publ) develops, manufactures, and sells solar panels to industrial and commercial properties, public sector organizations, private individuals, and roof and solar cell installers. It offers Midsummer DUO, a ready-made manufacturing system to produce cadmium-free thin-film solar cells; Midsummer UNO, a tool for thin films used for solar cell research; Midsummer SLIM, a solar roof that combines thin solar panels with a seamed sheet metal roof; Midsummer WAVE, a wave-shaped solar panel for roof tiles; and Midsummer BOLD, an ultra-light and flexible solar panel for roofs. It operates in Sweden, Portugal, Italy, rest of European Union, Hong Kong, the United States, and internationally. The company was incorporated in 2004 and is headquartered in Järfälla, Sweden.

Company Details

  • SectorTechnology
  • IndustrySolar
  • CEOMr. Eric Jaremalm
  • Employees93
  • HeadquartersElektronikhöjden 6, Järfälla, Sweden, 175 43, Sweden
  • Websitehttps://www.midsummer.se

Leadership

  • Mr. Eric JaremalmCo-Founder & CEO · b. 1974
  • Ms. Asa JynnesjoChief Financial Officer
  • Mr. Alex Cheng WittOperations Manager
  • Ms. Klara TakeiHead of Innovation
  • Ms. Maria HuttunenHead of Design and Purchasing
  • Mr. Erik OlssonHead of Machinery Sales and Strategic Projects
  • Richard JordbergHead of Sustainability
  • Mr. Marcus EkHead of Sales, Solar panels

Financials

Income Statement

Currency: SEK2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue14.90M43.50M9.81M30.91M59.35M115.01M218.16M184.47M71.95M94.41M53.38M49.63M52.08M164.34M
Growth (%)-+191.99%-77.45%+215.10%+92.01%+93.77%+89.69%-15.44%-60.99%+31.20%-43.46%-7.02%+4.94%+215.55%
Cost of Revenue3.11M21.66M8.70M43.07M9.02M37.67M93.19M93.31M17.64M67.10M71.48M15.86M49.71M133.38M
Gross Profit11.79M21.84M1.10M-12.16M50.33M77.34M124.96M91.16M54.32M27.30M-18.11M33.77M2.38M30.96M
Gross Margin79.13%50.21%11.26%-39.35%84.80%67.24%57.28%49.42%75.49%28.92%-33.92%68.04%4.56%18.84%
Operating Expense37.36M23.21M23.54M-339.09M52.33M89.22M116.95M110.14M146.33M74.97M234.55M132.78M116.03M
Operating Income-25.58M-1.37M-22.43M-12.16M11.24M25.00M35.75M-25.79M-55.83M-119.03M-93.08M-200.78M-130.40M-85.07M
Operating Margin-171.67%-3.15%-228.66%-39.35%18.93%21.74%16.39%-13.98%-77.59%-126.08%-174.38%-404.56%-250.38%-51.76%
EBITDA-16.15M9.33M-13.26M18.85K23.03M42.84M47.18M-3.22M-49.17M-70.83M-34.94M-128.28M-96.58M-40.88M
EBITDA Margin-108.39%21.45%-135.18%0.06%38.79%37.25%21.63%-1.74%-68.33%-75.03%-65.46%-258.47%-185.43%-24.88%
Net Income-36.13M10.12M-28.85M-8.26M10.40M23.11M36.86M-40.29M-116.35M-129.51M-87.83M-222.21M-129.45M-74.44M
Net Income Margin-242.50%23.27%-294.12%-26.74%17.52%20.09%16.89%-21.84%-161.71%-137.19%-164.56%-447.74%-248.55%-45.30%
R&D6.31M7.87M8.20M9.76M9.91M9.54M12.32M13.55M9.80M17.09M19.02M21.06M21.60M22.05M
R&D as % of Total Revenue42.39%18.09%83.63%31.58%16.70%8.30%5.65%7.35%13.62%18.10%35.64%42.44%41.48%13.41%
Interest Expense---01.18M1.60M1.33M13.67M18.62M21.17M19.68M27.51M42.13M32.42M
Interest Expense % of Total Revenue---0.00%1.99%1.39%0.61%7.41%25.88%22.43%36.87%55.43%80.90%19.73%

Balance Sheet

Currency: SEK2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets52.66M50.15M25.46M35.14M50.88M96.06M208.78M351.66M520.39M491.24M469.42M517.56M418.06M412.66M
Total Liabilities13.16M3.91M12.75M33.76M39.10M61.18M45.71M251.38M264.46M238.28M285.94M322.90M342.78M300.64M
Total Equity39.50M38.24M12.70M1.37M11.78M34.88M163.08M100.27M255.93M252.96M183.48M194.65M75.29M112.02M
Cash4.70M3.83M7.17K2.00M6.07M28.73M53.08M111.02M217.61M159.16M2.39M20.52M8.46M29.33M
Total Debt--2.22M2.05M726.00K6.58M32.04M221.73M215.63M215.53M249.92M236.51M247.85M235.11M
Net Debt-4.70M-3.83M2.21M50.41K-5.35M-22.15M-41.33M110.72M-1.99M53.30M232.84M215.98M239.39M205.78M

Cash Flow

Currency: SEK2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow---37.46M3.96M37.46M-49.60M-72.88M-79.69M-63.39M-101.37M-66.73M-8.20M-36.32M
Investing Cash Flow----29.22M-6.53M-29.22M-10.62M-45.19M-53.00M-115.35M-69.80M-63.90M-62.57M-39.83M
Financing Cash Flow---14.42M6.65M14.42M84.70M175.73M238.59M118.97M13.47M148.45M58.73M99.81M
Capital Expenditure00029.03M6.53M29.18M10.57M31.29M53.00M115.35M69.80M63.90M62.57M20.46M
Free Cash Flow-----2.58M8.28M-60.17M-104.17M-132.69M-178.74M-171.17M-130.64M-70.77M-56.78M
FCF to OCF-----65.07%22.10%121.30%142.94%166.50%281.97%168.86%195.76%862.68%156.34%

Earnings

Report DateSep 30, 2018Dec 31, 2018Mar 31, 2019Jun 30, 2019Sep 30, 2019Dec 31, 2019Mar 31, 2020Aug 14, 2020Sep 30, 2020Feb 26, 2021May 17, 2021Aug 31, 2021Nov 1, 2021Feb 25, 2022May 18, 2022Aug 31, 2022Nov 16, 2022Feb 24, 2023May 2, 2023Aug 16, 2023Nov 1, 2023Feb 23, 2024May 2, 2024Aug 30, 2024Nov 29, 2024Feb 27, 2025May 23, 2025Aug 8, 2025Nov 28, 2025Feb 27, 2026May 28, 2026Jul 20, 2026
EPS Estimate--------------0.39---0.512.38---------0.10-0.10----
EPS Actual0.200.09-0.08-0.02-0.46-0.380.01-0.50-0.67-0.82-0.46-0.64-0.32-0.770.74-0.77-0.77-0.72-0.37-0.83-0.57-0.54-0.15-0.39-0.05-0.13-0.15-0.07-0.050.02-0.010.00
Surprise--------------97.44%---50.98%-130.25%---------50.00%30.00%----
Timing----------Pre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-

Key Statistics & Ratios

Market Cap688.51M
Enterprise Value765.43M
Trailing P/E0.00
Forward P/E0.00
Price / Sales2.97
Price / Book2.23
EPS-0.03
Book Value0.646
Revenue (TTM)232.09M
Gross Profit (TTM)70.43M
EBITDA35.66M
Profit Margin-5.25%
Operating Margin-6.04%
Return on Equity-5.18%
Return on Assets-0.59%
Shares Outstanding529.62M
Shares Float374.80M
Beta0.63
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Stock Splits

  • Dec 5, 2023933:859
  • Apr 21, 2023917:633
  • Oct 16, 2020431:382