OVZON Stock Analysis: Ovzon | ST
Telecom Services | ST, Sweden | Market Cap: 4.591m SEK | 12M Return: -11% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 29.0M
Qual. Beats: 0
Rev. Trend: 87.9%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Ovzon AB is a Swedish mobile satellite communications company that delivers SATCOM-as-a-service to defense, national security, public safety, maritime, government, and NGO customers across Sweden, Italy, the UK, the US, and other international markets. Its service portfolio includes several branded offerings (Ovzon Orion, Pegasus, Hero, Go, and Plus) tailored to use cases ranging from command-and-control and ISR to airborne, tactical, expeditionary, and emergency response operations. The company complements its services with proprietary on-the-pause and on-the-move satellite terminals (such as the T6, T7, P20, P30, and T8), internet gateway access, terrestrial backbone connectivity, and customer support and training. All offerings are built around Ovzon 3, the companys own geostationary satellite. Founded in 2006, Ovzon is headquartered in Solna, Sweden, and trades on the Stockholm exchange under the ticker OVZON.
The mobile satellite communications sector addresses connectivity needs in locations where terrestrial networks are absent, damaged, or denied, making it a critical layer for defense, emergency response, and remote industrial operations. Owning or leasing capacity on geostationary satellites allows operators like Ovzon to deliver wide-area coverage from a single orbital position, while the as-a-service model bundles bandwidth, terminals, and managed support into a recurring-revenue offering rather than a standalone hardware sale.
- Ovzon 3 satellite capacity utilization lifts service revenue
- US and NATO defense contracts accelerate order backlog growth
- New P30 and T7 terminals expand hardware margins
| Net Income: 210.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 11.43 > 1.0 |
| NWC/Revenue: -15.25% < 20% (prev -17.83%; Δ 2.58% < -1%) |
| CFO/TA 0.14 > 3% & CFO 346.0m > Net Income 210.0m |
| Net Debt (198.0m) to EBITDA (424.0m): 0.47 < 3 |
| Current Ratio: 0.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (112.5m) vs 12m ago 0.91% < -2% |
| Gross Margin: 44.53% > 18% (prev 51.81%; Δ -7.28% > 0.5%) |
| Asset Turnover: 35.35% > 50% (prev 13.79%; Δ 21.56% > 0%) |
| Interest Coverage Ratio: 4.36 > 6 (EBIT TTM 266.0m / Interest Expense TTM 61.0m) |
| A: -0.05 (Total Current Assets 288.0m - Total Current Liabilities 426.0m) / Total Assets 2.52b |
| B: -0.17 (Retained Earnings -418.0m / Total Assets 2.52b) |
| C: 0.10 (EBIT TTM 266.0m / Avg Total Assets 2.56b) |
| D: 2.77 (Book Value of Equity 1.85b / Total Liabilities 668.0m) |
| Altman-Z'' = 2.70 = A |
| DSRI: 0.67 (Receivables 106.0m/63.0m, Revenue 905.0m/359.0m) |
| GMI: 1.16 (GM 51.81% / 44.53%) |
| AQI: 1.16 (AQ_t 0.04 / AQ_t-1 0.04) |
| SGI: 2.52 (Revenue 905.0m / 359.0m) |
| TATA: -0.05 (NI 210.0m - CFO 346.0m) / TA 2.52b) |
| Beneish M = -1.97 (Cap -4..+1) = B |
As of July 10, 2026, the stock is trading at SEK 43.26 with a total of 653,807 shares traded. Over the past week, the price has changed by +2.51%, over one month by -28.55%, over three months by -18.76% and over the past year by -10.99%.
Current recommended Stop Loss: 37.20 (which is 14% or 2.3 ATR below the current price).
Ovzon has no consensus analysts rating.
P/E Trailing = 22.0107
P/S = 5.0335
P/B = 2.5817
Revenue TTM = 905.0m SEK
EBIT TTM = 266.0m SEK
EBITDA TTM = 424.0m SEK
Long Term Debt = 233.0m SEK (from longTermDebt, last quarter)
Short Term Debt = 43.0m SEK (from shortTermDebt, last quarter)
Debt = 287.0m SEK (from shortLongTermDebtTotal, last quarter) + Leases 7.00m
Net Debt = 198.0m SEK (calculated: Debt 287.0m - CCE 89.0m)
Enterprise Value = 4.79b SEK (4.59b + Debt 287.0m - CCE 89.0m)
Interest Coverage Ratio = 4.36 (Ebit TTM 266.0m / Interest Expense TTM 61.0m)
EV/FCF = 15.40x (Enterprise Value 4.79b / FCF TTM 311.0m)
FCF Yield = 6.49% (FCF TTM 311.0m / Enterprise Value 4.79b)
FCF Margin = 34.36% (FCF TTM 311.0m / Revenue TTM 905.0m)
Net Margin = 23.20% (Net Income TTM 210.0m / Revenue TTM 905.0m)
Gross Margin = 44.53% ((Revenue TTM 905.0m - Cost of Revenue TTM 502.0m) / Revenue TTM)
Gross Margin QoQ = 66.92% (prev 26.35%)
Tobins Q-Ratio = 1.90 (Enterprise Value 4.79b / Total Assets 2.52b)
Interest Expense / Debt = 21.25% (Interest Expense 61.0m / Debt 287.0m)
Taxrate = 21.35% (19.0m / 89.0m)
NOPAT = 209.2m (EBIT 266.0m * (1 - 21.35%))
Current Ratio = 0.68 (Total Current Assets 288.0m / Total Current Liabilities 426.0m)
Debt / Equity = 0.16 (Debt 287.0m / totalStockholderEquity, last quarter 1.85b)
Debt / EBITDA = 0.47 (Net Debt 198.0m / EBITDA 424.0m)
Debt / FCF = 0.64 (Net Debt 198.0m / FCF TTM 311.0m)
Total Stockholder Equity = 1.75b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.20% (Net Income 210.0m / Total Assets 2.52b)
RoE = 12.02% (Net Income TTM 210.0m / Total Stockholder Equity 1.75b)
RoCE = 13.44% (EBIT 266.0m / Capital Employed (Equity 1.75b + L.T.Debt 233.0m))
RoIC = 10.02% (NOPAT 209.2m / Invested Capital 2.09b)
WACC = 4.95% (E(4.59b)/V(4.88b) * Re(4.21%) + D(287.0m)/V(4.88b) * Rd(21.25%) * (1-Tc(0.21)))
Discount Rate = 4.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 61.46 | Cagr: 0.41%
[DCF] Terminal Value 77.97% ; FCFF base≈196.2m ; Y1≈224.9m ; Y5≈331.0m
[DCF] Fair Price = 42.89 (EV 4.98b - Net Debt 198.0m = Equity 4.78b / Shares 111.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.31 | # QB: 0
Revenue Correlation: 87.89 | Revenue CAGR: 46.83% | SUE: -1.12 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.52 | Chg30d=-35.41% | Revisions=-25% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.54 | Chg30d=-10.00% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=2.26 | Chg30d=-0.66% | Revisions=-40% | GrowthEPS=+85.0% | GrowthRev=+39.7%
EPS next Year (2027-12-31): EPS=2.30 | Chg30d=-1.39% | Revisions=+0% | GrowthEPS=+1.8% | GrowthRev=-6.6%
[Analyst] Revisions Ratio: -38% (up=1, down=4)