Valuation: Minesto AB

Market Cap 19Cr 2.03Cr 1.75Cr 1.64Cr 1.5Cr 2.82Cr 192.75Cr 2.87Cr 7.53Cr 97Cr 7.61Cr 7.44Cr 319.39Cr P/E 2023
-46.2x
P/E 2024 -12.2x
Enterprise Value 16Cr 1.66Cr 1.44Cr 1.34Cr 1.23Cr 2.32Cr 158.21Cr 2.35Cr 6.18Cr 79Cr 6.24Cr 6.11Cr 262.16Cr EV / Sales 2023
30.7x
EV / Sales 2024 16.5x
Free-Float
86.67%
Yield 2023 *
-
Yield 2024 -
Manager TitleAgeSince
Chief Executive Officer 57 03/02/2016
Director of Finance/CFO - 01/10/2025
Chief Operating Officer - 07/06/2023
Director TitleAgeSince
Director/Board Member 64 13/07/2009
Chairman 57 01/01/2008
Chairman 65 -
Change 5-day change 1-year change 3-year change Capi.($)
-0.82%-4.45%+4.77%+35.62% 2.67TCr
-0.48%-1.41%-35.44% - 2.59TCr
-1.05%0.00% - - 2.54TCr
+0.07%-0.77%+50.14%+39.43% 2.38TCr
-0.52%-0.74%+33.77%-22.20% 1.64TCr
+0.31%-1.27%+217.93%+279.73% 1.19TCr
-12.12%-0.23%+2.77%-3.79% 826.88Cr
-1.27%-1.11%+2.97%+108.70% 810.02Cr
+1.29%-4.32%+66.72%+58.98% 409.79Cr
Average -1.62%-1.97%+42.95%+70.93% 1.67TCr
Weighted average by Cap. -1.13%-2.05%+30.96%+60.00%

Financials

2023 2024
Net sales 4.18Cr 44.09L 38.14L 35.61L 32.67L 61.45L 42Cr 62.42L 1.64Cr 21Cr 1.66Cr 1.62Cr 70Cr 2.57Cr 27.13L 23.47L 21.91L 20.1L 37.81L 26Cr 38.41L 1.01Cr 13Cr 1.02Cr 99.65L 43Cr
Net income -2.71Cr -28.62L -24.76L -23.12L -21.21L -39.89L -27Cr -40.52L -1.06Cr -14Cr -1.07Cr -1.05Cr -45Cr -3.61Cr -38.1L -32.95L -30.77L -28.23L -53.1L -36Cr -53.94L -1.42Cr -18Cr -1.43Cr -1.4Cr -60Cr
Net Debt -1.47Cr -15.47L -13.38L -12.49L -11.46L -21.56L -15Cr -21.9L -57.54L -7.38Cr -58.09L -56.81L -24Cr -3.44Cr -36.29L -31.39L -29.31L -26.89L -50.58L -35Cr -51.38L -1.35Cr -17Cr -1.36Cr -1.33Cr -57Cr
Logo Minesto AB
Minesto AB is a Sweden-based company engaged in the development of tidal energy devices. The Company's product Deep Green, is a power plant that converts energy from tidal stream flows into electricity by way somewhat similar to the posture of a wind kite. The kite assembly, consisting of a wing and turbine, is attached by a tether to a fixed point on the ocean bed. As water flows over the hydrodynamic wind, a lift force is generated which allows the device to move smoothly through the water and for the turbine to rotate hence generating electricity. The Company has offices in Sweden, North Ireland and the United Kingdom. The Company is co-owned by SAAB, BGA Invest, Verdane Capital, Encubator and Midroc.
Employees
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