Stock MIDS MIDSUMMER AB
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Financials Midsummer AB

Equities

MIDS

SE0011281757

Renewable Energy Equipment & Services

Market Closed - Nasdaq Stockholm
Other stock markets
 16:29:57 10/05/2024 BST 		5-day change 1st Jan Change
2.08 SEK -1.65% Intraday chart for Midsummer AB -0.95% +81.50%
05-02 Midsummer AB Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
04-29 Midsummer's Mega Factory for the Production of Thin Film Solar Cells to be in Flen CI

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 365.1 1,036 781.7 237.3 436.2 - -
Enterprise Value (EV) 1 365.1 1,036 1,024 453.3 657.2 660.2 615.2
P/E ratio -4.08 x - -8.13 x -0.53 x -6.12 x 41.6 x -29.7 x
Yield - - - - - - -
Capitalization / Revenue - 9.3 x 5.02 x 3.52 x 1.62 x 0.72 x 0.68 x
EV / Revenue - 9.3 x 6.58 x 6.73 x 2.44 x 1.08 x 0.97 x
EV / EBITDA - -14.2 x -15.3 x -3.46 x -14.6 x 220 x 22 x
EV / FCF - - -5.98 x -3.36 x -9.66 x -220 x 13.7 x
FCF Yield - - -16.7% -29.8% -10.3% -0.45% 7.31%
Price to Book - 4.1 x 4.26 x 0.66 x 2.34 x 2.21 x 2.39 x
Nbr of stocks (in thousands) 33,802 67,741 67,741 207,067 209,714 - -
Reference price 2 10.80 15.30 11.54 1.146 2.080 2.080 2.080
Announcement Date 15/04/21 25/02/22 24/02/23 23/02/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 111.4 155.6 67.34 269 609 637
EBITDA 1 - -72.78 -66.79 -131 -45 3 28
EBIT 1 - -111 -101.1 -200.8 -84 -37 -12
Operating Margin - -99.64% -64.98% -298.14% -31.23% -6.08% -1.88%
Earnings before Tax (EBT) 1 - - -97.03 -225.3 -72 11 -15
Net income 1 -92.3 - -95.9 -222.2 -72 11 -15
Net margin - - -61.61% -329.96% -26.77% 1.81% -2.35%
EPS 2 -2.650 - -1.420 -2.150 -0.3400 0.0500 -0.0700
Free Cash Flow 1 - - -171.2 -135 -68 -3 45
FCF margin - - -109.98% -200.42% -25.28% -0.49% 7.06%
FCF Conversion (EBITDA) - - - - - - 160.71%
FCF Conversion (Net income) - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 15/04/21 25/02/22 24/02/23 23/02/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q2 2022 Q3 2022 Q4
Net sales 1 21.94 - 15.99 9.723
EBITDA 1 - - -32.43 -56.51
EBIT 1 - - -41.17 -65.43
Operating Margin - - -257.51% -672.91%
Earnings before Tax (EBT) - - - -
Net income - -52.12 - -
Net margin - - - -
EPS - -0.7700 - -
Dividend per Share - - - -
Announcement Date 25/02/22 31/08/22 16/11/22 24/02/23
1SEK in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 243 216 221 224 179
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - -3.631 x -1.649 x -4.911 x 74.67 x 6.393 x
Free Cash Flow 1 - - -171 -135 -68 -3 45
ROE (net income / shareholders' equity) - -50.9% -43.9% - - - -
ROA (Net income/ Total Assets) - -25.6% -20% - - - -
Assets 1 - - 480.3 - - - -
Book Value Per Share 2 - 3.730 2.710 1.730 0.8900 0.9400 0.8700
Cash Flow per Share - - - - - - -
Capex 1 - 90.3 49.6 43.7 50 20 15
Capex / Sales - 81.1% 31.87% 64.85% 18.59% 3.28% 2.35%
Announcement Date 15/04/21 25/02/22 24/02/23 23/02/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Midsummer AB

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Photovoltaic Solar Systems & Equipment

1st Jan change Capi.
MIDSUMMER AB Stock Midsummer AB
+81.50% 40.25M
FIRST SOLAR, INC. Stock First Solar, Inc.
+10.90% 20.45B
LONGI GREEN ENERGY TECHNOLOGY CO., LTD. Stock LONGi Green Energy Technology Co., Ltd.
-18.69% 19.53B
ENPHASE ENERGY, INC. Stock Enphase Energy, Inc.
-18.00% 14.74B
TONGWEI CO.,LTD Stock Tongwei Co.,Ltd
-9.75% 14.08B
JINKO SOLAR CO., LTD. Stock Jinko Solar Co., Ltd.
-9.48% 11.11B
FLAT GLASS GROUP CO., LTD. Stock Flat Glass Group Co., Ltd.
+33.54% 7.89B
XINJIANG DAQO NEW ENERGY CO.,LTD. Stock Xinjiang Daqo New Energy Co.,Ltd.
-14.24% 7.5B
JA SOLAR TECHNOLOGY CO., LTD. Stock JA Solar Technology Co., Ltd.
-29.34% 6.66B
XINYI SOLAR HOLDINGS LIMITED Stock Xinyi Solar Holdings Limited
+26.54% 6.58B
Photovoltaic Solar Systems & Equipment
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