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Catalyst Potential

It is important to look beyond the numbers and seek a likely catalysts, which could unlock value, and estimate how long it will take for the catalyst to play out. These events, or Catalyst Potential, reduce risk by narrowing the gap between price and value in a more predictable way. This is particularly important when investing in a low-quality business where time is like a ticking bomb stacked against the company.

Catalyst Potential is a Premium members feature in Redeye Universe.

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Redeye Rating

Henrik Alveskog

Equity Analyst

henrik.alveskog@redeye.se

+46854501345

Company Quality

  • 6.0
  • 9.0
  • 5.0
  • 0.0
  • 1.0

Leadership

Exclusive for members

Powercell noterades på First North i december 2014 och Per Wassén som varit ordförande under flera år övergick till att bli vd 2015. Ny CFO har också tillträtt under sommaren 2015 och underlaget för att utvärdera ledningen är därför än så länge lite knapphändigt. Informationen och kommunikationen från bolaget förefaller god, men det är svårt att skapa transparens i verksamheten då produkterna ännu inte riktigt har nått marknaden. För ett bolag i denna fas är både styrelse och organisation avsevärt bättre än genomsnittet.

Ownership

Exclusive for members

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Profit outlook

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Profitability

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Capital Strength

Exclusive for members

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Key Model Assumptions - The Bear Case

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Key Model Assumptions - The Bull Case

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Key Model Assumptions - The Base Case

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Latest price

Exclusive for members

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Fair Value Range

Last Price
Key Model Assumptions - The Bear Case
Key Model Assumptions - The Bull Case
Key Model Assumptions - The Base Case

Catalyst Potential

Impact

Timeframe

Short
Mid
Long

Company description

Verksamheten startade som ett utvecklingsprojekt inom Volvokoncernen år 1993. Bolaget Powercell grundades år 2008. Året efter breddades ägandet genom en nyemission till Midroc New Technologies, Fouriertransform och belgiska Finindus. Read more...

Verksamheten startade som ett utvecklingsprojekt inom Volvokoncernen år 1993. Bolaget Powercell grundades år 2008. Året efter breddades ägandet genom en nyemission till Midroc New Technologies, Fouriertransform och belgiska Finindus. I december 2014 listades bolaget på Nasdaq First North i samband med en publik emission och ägarspridning.

Sedan 2016 står bolagets produkter inför en successiv marknadslansering. Intäkterna fram till och med 2016 har varit sporadiska och kommer ifrån order på prototyper av bränslecellstackar och ersättning för utvecklingsarbete. Underskottet de senaste två åren har legat omkring 60 MSEK per år till följd av fortsatt höga utvecklingskostnader. Bolaget har tidigare kommunicerat att de räknar med att de klarar sig med nuvarande finansiering tills dess att de når egen lönsamhet omkring 2017/18. Den tidsplanen verkar dock i dagsläget (i början av 2017) svår att följa. Powercell har ett 30-tal anställda främst inom utveckling och konstruktion som bedrivs i anslutning till huvudkontoret i Göteborg.

Less...

TODAY

Day High
24.70
24.70
0.00
0.0%
Day Low
24.20
Day Open
25.00
Prev Close
24.70
VWAP
24.6
Volume
9K
Turnover
0.227M
Top Broker
ENS
VWAP
23.8
Avg Volume
55K
Avg Turnover
1.305M
Top Brokers
AVA/NON

52 WEEK SUMMARY

Price Range
Beta
n/a
Market Cap
1,106.2M
Total Return
-13.6%
Trailing P/E
-16.9
Div Yield
0.0%
Shares Outstanding
44.8M
Next Earnings Date
9 May
Stock Exchange
First North Stockholm

Identify and measure trend strength in stocks with our Momentum tool to identify potential entry and exit signals. The tool provides a set of the most simple but powerful indicators that identify whether a stock is under sell or buy pressure.

Relative Price Strength
Rel Price Chg 3 Months -17.5%
Rel Price Chg 12 Months -27.5%
Volume Trend
Avg Vol 10 vs 60 Days 31.0%
Price vs...
52-Week High -28.0%
50-Day Moving Average -5.4%
200-Day Moving Average -10.0%

Historic pricing of PowerCell Sweden

Last price: 24.70 SEK

Loading data...

Prev Close [[ prevClose|number:2 ]] SEK Change [[ changeValue|number:2 ]] %
High [[ highValue|number:2 ]] SEK Avg Daily Volume [[ avgVolume|number:0 ]] Shares
Low [[ lowValue|number:2 ]] SEK Avg Daily Turnover [[ graphAvgTurnover|number:2 ]] SEK

Management

Per Wassén, CEO
Karin Nilsson, CFO

Executive Board

Magnus Jonsson, Chairman of the board

Last updated: 2017-03-22 Source: Redeye

Major Holders

Owner Equity Votes
Mohammed Al Amoudi 20.5%
20.5%
Fouriertransform Aktiebolag 20.5%
20.5%
Volvo Group Venture Capital 6.6%
6.6%
Avanza Pension 5.7%
5.7%
Nordnet Pensionsförsäkring 0.7%
0.7%
Dan Sandberg 0.5%
0.5%
Swedbank Försäkring 0.5%
0.5%
Per Wassén 0.4%
0.4%
Per Sjöberg 0.4%
0.4%
Palcmills Oy 0.3%
0.3%

Last updated: 2017-03-22 Source: Redeye

Insider transaction summary

Total insider purchases and sales reported

Timeframe Transactions Net Shares
Last 12 Weeks

0 Purchases

+ 0

0 Sales

- 0

Last 24 Weeks

0 Purchases

+ 0

0 Sales

- 0

Most recent insider transactions

Exclusive for members
Report Date Name Position Transaction Shares Chg Est Value (SEK)
2015-12-15 Svensson, Kim ANB Sale + 89 168
2015-12-15 Kvist, Sture ANB Sale + 69 171
2015-12-15 Kvist, Sture ANB Sale + 32 197
2015-12-15 Svensson, Malin ANB Sale + 70 3
2015-12-15 Svensson, Kim ANB Sale + 75 6

Source: Millistream – FI

More
  • Profitability
  • ROE
  • ROCE
  • ROIC
  • EBITDA margin
  • EBIT margin
  • Net margin
  • Per share data (SEK)
  • EPS
  • EPS adj
  • Dividend
  • Net debt
  • Total shares
  • Valuation
  • EV (SEKm)
  • P/E
  • P/E diluted
  • P/Sales
  • EV/Sales
  • EV/EBITDA
  • EV/EBIT
  • P/BV
  • Capital structure
  • Equity ratio
  • Debt/equity ratio
  • Net debt (SEKm)
  • Capital employed (SEKm)
  • Capital turnover rate
Previous year Next year
2014
  • -101.5%
  • -99.1%
  • 538.7%
  • -2,653.3%
  • -3,060.0%
  • -3,133.3%
  • -1.32
  • -1.32
  • 0.00
  • -2.97
  • 35.7M
  • 775.9
  • -18.8
  • -18.8
  • 587.8
  • 517.3
  • -19.5
  • -16.9
  • 11.5
  • 52.0%
  • 0.0%
  • -106
  • -29
  • 0.0
2015
  • -148.7%
  • -147.8%
  • 220.5%
  • -1,151.4%
  • -1,271.0%
  • -1,278.9%
  • -1.83
  • -1.83
  • 0.00
  • -1.15
  • 35.7M
  • 840.7
  • -13.5
  • -13.5
  • 172.9
  • 164.8
  • -14.3
  • -13.0
  • 78.2
  • 14.9%
  • 0.0%
  • -41
  • -30
  • 0.1
2016
  • -274.9%
  • -275.7%
  • 220.5%
  • -494.3%
  • -541.9%
  • -538.3%
  • -1.46
  • -1.46
  • 0.00
  • -1.37
  • 44.8M
  • 1,045.0
  • -16.9
  • -16.9
  • 90.8
  • 85.8
  • -17.3
  • -15.8
  • 30.4
  • 37.9%
  • 0.0%
  • -61
  • -25
  • 0.1
2017E
  • 0.0%
  • -169.2%
  • 208.3%
  • -157.7%
  • -157.7%
  • -157.5%
  • -1.16
  • -1.16
  • 0.00
  • -0.10
  • 44.8M
  • 1,101.7
  • -21.3
  • -21.3
  • 32.2
  • 33.4
  • -21.2
  • -21.2
  • -68.3
  • -16.1%
  • 3.4%
  • -4
  • -20
  • 0.3
2018E
  • 0.0%
  • -205.1%
  • 123.4%
  • -31.3%
  • -31.3%
  • -31.0%
  • -0.55
  • -0.55
  • 0.00
  • 0.81
  • 44.8M
  • 1,142.6
  • -44.7
  • -44.7
  • 13.8
  • 14.3
  • -45.7
  • -45.7
  • -27.4
  • -53.5%
  • 3.4%
  • 36
  • -4
  • 1.1
2019E
  • 0.0%
  • 47.6%
  • -121.9%
  • 2.5%
  • 2.5%
  • 2.5%
  • 0.11
  • 0.11
  • 0.00
  • 1.27
  • 44.8M
  • 1,162.9
  • 220.5
  • 220.5
  • 5.5
  • 5.8
  • 232.6
  • 232.6
  • -31.2
  • -33.0%
  • 4.8%
  • 57
  • 21
  • 1.9
Previous year Next year
    (SEKm)
  • Net sales
  • Total operating costs
  • EBITDA
  • Depreciation
  • Amortization
  • Impairment charges
  • EBIT
  • Share in profits
  • Net financial items
  • Exchange rate dif.
  • Pre-tax profit
  • Tax
  • Net earnings
Previous year Next year
2014
  • 2
  • -41
  • -40
  • -6
  • 0
  • 0
  • -46
  • 0
  • -1
  • 0
  • -47
  • 0
  • -47
2015
  • 5
  • -64
  • -59
  • -6
  • 0
  • 0
  • -65
  • 0
  • -0
  • 0
  • -65
  • 0
  • -65
2016
  • 12
  • -72
  • -60
  • -6
  • 0
  • 0
  • -66
  • 0
  • 0
  • 0
  • -66
  • 0
  • -66
2017E
  • 0
  • 2
  • 2
  • 6
  • 3
  • 9
  • 1
  • 6
  • 10
  • 2
  • 8
  • 6
  • 4
Q1E
  • 9
  • 5
  • 2
  • 4
  • 3
  • 9
  • 5
  • 8
  • 5
  • 0
  • 3
  • 10
  • 10
Q2E
  • 6
  • 7
  • 0
  • 0
  • 7
  • 9
  • 2
  • 9
  • 1
  • 4
  • 10
  • 3
  • 0
Q3E
  • 0
  • 0
  • 4
  • 6
  • 1
  • 9
  • 0
  • 10
  • 2
  • 4
  • 4
  • 1
  • 5
Q4E
  • 2
  • 3
  • 5
  • 4
  • 2
  • 2
  • 5
  • 4
  • 7
  • 0
  • 5
  • 10
  • 6
2017E
  • 9
  • 3
  • 10
  • 1
  • 6
  • 9
  • 2
  • 1
  • 1
  • 5
  • 9
  • 2
  • 0
2018E
  • 7
  • 4
  • 1
  • 4
  • 3
  • 3
  • 3
  • 10
  • 8
  • 8
  • 8
  • 3
  • 2
Q1E
  • 2
  • 0
  • 0
  • 2
  • 5
  • 2
  • 7
  • 10
  • 0
  • 3
  • 0
  • 8
  • 10
Q2E
  • 9
  • 8
  • 1
  • 2
  • 7
  • 6
  • 6
  • 1
  • 1
  • 6
  • 3
  • 7
  • 4
Q3E
  • 6
  • 4
  • 6
  • 3
  • 7
  • 2
  • 6
  • 1
  • 1
  • 3
  • 10
  • 0
  • 1
Q4E
  • 10
  • 1
  • 9
  • 4
  • 1
  • 1
  • 4
  • 4
  • 8
  • 10
  • 9
  • 7
  • 8
2018E
  • 5
  • 9
  • 3
  • 1
  • 6
  • 10
  • 2
  • 7
  • 3
  • 8
  • 10
  • 6
  • 8
2019E
  • 0
  • 8
  • 3
  • 0
  • 9
  • 2
  • 8
  • 3
  • 4
  • 7
  • 2
  • 10
  • 4
Previous year Next year
    (SEKm)
  • Assets
  • Current assets
  • Cash in banks
  • Receivables
  • Inventories
  • Other current assets
  • Current assets
  • Fixed assets
  • Tangible assets
  • Associated comp.
  • Investments
  • Goodwill
  • Cap. exp. for dev.
  • O intangible rights
  • O non-current assets
  • Total fixed assets
  • Deferred tax assets
  • Total (assets)
  • Liabilities
  • Current liabilities
  • Short-term debt
  • Accounts payable
  • O current liabilities
  • Current liabilities
  • Long-term debt
  • O long-term liabilities
  • Convertibles
  • Total Liabilities
  • Deferred tax liab
  • Provisions
  • Shareholders' equity
  • Minority interest (BS)
  • Minority & equity
  • Total liab & SE
Previous year Next year
2014
  • 106
  • 0
  • 1
  • 14
  • 121
  • 25
  • 0
  • 0
  • 0
  • 0
  • 0
  • 0
  • 25
  • 1
  • 147
  • 0
  • 15
  • 14
  • 28
  • 0
  • 40
  • 0
  • 68
  • 0
  • 2
  • 76
  • 0
  • 76
  • 147
2015
  • 41
  • 3
  • 2
  • 8
  • 54
  • 22
  • 0
  • 0
  • 0
  • 0
  • 0
  • 0
  • 22
  • 1
  • 76
  • 0
  • 6
  • 18
  • 23
  • 0
  • 40
  • 0
  • 63
  • 0
  • 1
  • 11
  • 0
  • 11
  • 76
2016
  • 61
  • 4
  • 3
  • 9
  • 77
  • 18
  • 0
  • 0
  • 0
  • 0
  • 1
  • 0
  • 19
  • 0
  • 96
  • 0
  • 4
  • 15
  • 19
  • 0
  • 40
  • 0
  • 59
  • 0
  • 1
  • 36
  • 0
  • 36
  • 96
2017E
  • 2
  • 2
  • 10
  • 7
  • 1
  • 9
  • 6
  • 4
  • 1
  • 8
  • 7
  • 10
  • 6
  • 8
  • 1
  • 3
  • 0
  • 9
  • 4
  • 5
  • 5
  • 7
  • 10
  • 10
  • 0
  • 10
  • 6
  • 8
  • 9
2018E
  • 2
  • 5
  • 2
  • 6
  • 7
  • 3
  • 2
  • 0
  • 2
  • 3
  • 6
  • 5
  • 5
  • 5
  • 0
  • 9
  • 9
  • 9
  • 7
  • 1
  • 3
  • 6
  • 1
  • 6
  • 10
  • 8
  • 7
  • 9
  • 7
2019E
  • 0
  • 1
  • 10
  • 2
  • 2
  • 10
  • 1
  • 7
  • 2
  • 3
  • 2
  • 3
  • 3
  • 0
  • 0
  • 6
  • 4
  • 0
  • 1
  • 1
  • 3
  • 8
  • 1
  • 3
  • 6
  • 1
  • 6
  • 10
  • 7
Previous year Next year
    (SEKm)
  • Net sales
  • Total operating costs
  • Depreciations total
  • EBIT
  • Taxes on EBIT
  • NOPLAT
  • Depreciation
  • Gross cash flow
  • Change in WC
  • Gross CAPEX
  • Free cash flow
Previous year Next year
2014
  • 2
  • -41
  • -6
  • -46
  • 0
  • -46
  • 6
  • -40
  • 7
  • -1
  • -25
2015
  • 5
  • -64
  • -6
  • -65
  • 0
  • -65
  • 6
  • -59
  • -3
  • -2
  • -64
2016
  • 12
  • -72
  • -6
  • -66
  • 0
  • -66
  • 6
  • -60
  • -8
  • -3
  • 21
2017E
  • 6
  • 10
  • 5
  • 3
  • 5
  • 8
  • 9
  • 10
  • 6
  • 5
  • 10
2018E
  • 2
  • 1
  • 1
  • 0
  • 7
  • 7
  • 4
  • 1
  • 8
  • 5
  • 10
2019E
  • 9
  • 7
  • 1
  • 8
  • 7
  • 9
  • 8
  • 0
  • 3
  • 3
  • 3
Previous year Next year
More