Ferroamp AB (publ)

FERRO.ST

Electrical Equipment & Parts · Industrials

Price

kr 2.81

-0.02 (-0.71%)

Market Cap

kr 302.6M

Exchange

Stockholm Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Good

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Share count rising — dilution

+383.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 18.0M (2021) → 87.2M (2025)

Winston Score History

The full picture

Ferroamp is a Swedish company that makes energy management hardware and software for buildings and properties. Its main products include the EnergyHub, a system that connects solar panels, batteries, electric vehicle chargers, and the power grid into one smart unit. Customers are mainly property owners, housing associations, and commercial real estate companies in Sweden and the Nordic region.

The company sells hardware systems and pairs them with software for monitoring and controlling energy use, generating revenue from equipment sales and connected services. Ferroamp operates primarily in Sweden, with a small market capitalization of around $0.3 billion, and its competitive edge comes from its integrated platform that manages multiple energy sources in one system. However, the company is currently unprofitable, with negative gross and operating margins, meaning it spends more than it earns — the key challenge ahead is scaling sales volume fast enough to cover its costs before it needs to raise additional capital.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+223.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-292.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

kr 0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

16.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

kr 3M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Ferroamp AB (publ) grew revenue 224% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

-17.1%

Thin — -17.1% gross margin

Profit after running costs

Operating Margin

-17.1%

Losing money on operations — -17.1%

Return on the money invested

ROCE

-19.3%

Weak — -19.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+80.8%

Fast-growing sales (+80.8% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-20.6%

Burning cash (-20.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.14

Conservative — low debt load (0.14)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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