Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Enea AB is a global leader in software solutions for telecommunications and cybersecurity, headquartered in Stockholm, Sweden. Founded in 1968 as Engmans Elektronik Aktiebolag, the company develops reliable, cloud-native technologies that enhance security, performance, and intelligence in digital communications, serving over 170 communication service providers in more than 100 countries and supporting billions of mobile subscriptions daily. Its product portfolio spans three key groups: Network solutions for traffic classification, video optimization, and Wi-Fi management; Security offerings including advanced firewalls and fraud prevention like Adaptive Signaling Firewall; and Operating Systems such as the renowned Enea OSE real-time microkernel, widely used in mobile infrastructure by partners like Ericsson and Nokia. Enea AB has expanded through strategic acquisitions including Qosmos (2016), Openwave Mobility (2018), Aptilo Networks (2020), and AdaptiveMobile Security (2021), bolstering expertise in 5G, AI-driven threat detection, and subscriber data management. With around 500 multinational experts operating from offices in Sweden, Ireland, the UK, France, Croatia, and beyond, Enea AB plays a pivotal role in enabling secure, efficient networks for mobile operators, enterprises, and IoT, driving innovation in telecom ecosystems worldwide. Publicly listed on Nasdaq Stockholm, it continues a legacy of pioneering real-time systems and connectivity solutions since the 1960s.
kr 92.00
+kr 2.30 (+2.56%)
Price from 22 days ago
12.63% operating margin is respectable but not wide. ROIC at 5.50%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 2.2% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 95% versus the prior year, cash generation momentum has weakened. Net debt of kr 236M represents 24.9x FCF, leverage limits flexibility.
20.7x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 926M
▼ -2.2% YoY
Net Income (TTM)
kr 87M
▼ -65.5% YoY
Op. Margin
16.88%
▼ -0.7pp YoY
ROIC
5.50%
▼ -0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-kr 12M
▼ -94.9% YoY
Op. Cash Flow (TTM)
kr 2M
▼ -89.6% YoY
Net Debt
kr 236M
Cash & Equiv.
kr 98M
3Y CAGR: -1.0%
3Y CAGR: -30.9%
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At a P/E of 20.7, Enea AB (ENEA.XSTO)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Enea AB scores 33/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Enea AB scores 33 out of 100 on Intrinsiqq's quality score, passing 2 of 7 checks, which makes it a lower-quality business on these measures. Recent fundamentals include a 16.9% operating margin and a 5.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh ENEA.XSTO's valuation and scores 33/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.