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GAPW-B.ST$17.30-2.59%
Fair $17.30+0.0%

GAPW-B.ST

Gapwaves AB (publ)

Technology / Communication EquipmentStockholm

$17.30

-0.46 (-2.59%)

Fairly Valued+0.0%Fair Value $17.30Fund rank 29/100 · Data gapFallback financials|
SA 40/C
F-Score: 3/9
Low Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 33% · confianza 21%

FCF escenarios

weak_data · normalized FCF $-32.5M · quality 60.3/100

Data gap 29/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 24/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

40/100

C

Piotroski

3/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. ROE is -49.7%, below the 5% threshold
Thesis & Journal · GAPW-B.STLocal privado en este navegador · Gapwaves AB (publ)
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$629M

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-49.7%

↓

Gross Margin

48.1%

↑

Debt/Equity

0.12

↓
52-Week Range$17
$10$31

TradingView lightweight chart

GAPW-B.ST price, volumen y niveles de valoración

Último $17.30Periodo +134.6%
Fair value: $17.30

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+12.3%

FCF CAGR

—

FCF margin

-35.9%

FCF / Net income

0.56x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $90.7M · net income $-58.2M · FCF $-32.5M

2022-FY → 2025-FY

Gross margin

48.1%-19.4% pts

Operating margin

-45.7%-5.3% pts

Net margin

-64.2%-36.1% pts

FCF margin

-35.9%+5.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$90.7M$90.7M$66.2M$27.5M$64.0M
Net Income$-58.2M$-58.2M$-52.1M$-69.2M$-18.0M
EBITDA$-50.3M$-50.3M$-44.6M$-60.7M$-10.0M
EPS-1.87-1.87-1.67-2.22-0.58
Gross Margin48.1%48.1%64.7%64.3%67.4%
Operating Margin-45.7%-45.7%-60.2%-209.0%-40.5%
Net Margin-64.2%-64.2%-78.7%-251.7%-28.1%
Balance Sheet
Debt/Equity0.120.12———
Current Ratio2.622.62———
Cash Flow
Free Cash Flow$-32.5M$-32.5M$-29.9M$-49.1M$-26.7M
Returns
ROE-49.7%-49.7%-50.8%-45.2%-8.1%
Valuation
P/B4.594.593.974.784.06
Growth & Yield
Revenue Growth37.0%37.0%140.5%-57.0%—
EPS Growth-11.9%-11.9%24.8%-284.4%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +30.1%

Total return

+30.1%

Start / end P/E

n/dx → n/dx

EPS bridge

-1.67 → -1.87

Residual

+30.1%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+30.1%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.