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OrganoClick AB (publ)

ORGC.ST
17
Chemicals - Specialty · Basic Materials
Price
kr 0.37
-0.02 (-5.08%)
Market Cap
kr 68.5M
Exchange
Stockholm Stock Exchange
Winston Score
17
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Share count rising — dilution

+6.3% over 4y

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

Diluted shares outstanding: 95.9M (2021) → 101.9M (2025)

Winston Score History

The full picture

OrganoClick is a Swedish specialty chemicals company that makes bio-based and environmentally friendly materials. Its core products include water-repellent treatments for textiles and wood, as well as fiber-based composites and packaging materials. The company focuses on replacing traditional petroleum-based or harmful chemicals with alternatives made from natural raw materials like cellulose and chitosan.

OrganoClick earns revenue by selling its chemical products and materials to manufacturers in industries like outdoor textiles, construction, and packaging. It operates primarily in Sweden and the broader European market and is a small company with a market cap below $50 million. Its competitive angle is its patented green chemistry technology, but the business is currently unprofitable, with operating margins deeply negative, which means it burns more cash than it earns. The key risk is whether it can scale sales fast enough to reach profitability before needing to raise more capital from investors.

Growth Profile

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

Revenue Growth

-26.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+43.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

kr 2M/ year

Declining (-74% vs prior year)

1.4% of revenue

Below sector average (3%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

74.7%ownership

Rising

Insiders increasing their stake — aligned with shareholders

Cash Position

Cash flow positive

kr 4M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

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

Revenue declining

OrganoClick AB (publ)'s revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

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.

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Quality

Profit per sale
Gross Margin
28.6%
Modest — 28.6% gross margin
Profit after running costs
Operating Margin
-9.6%
Losing money on operations — -9.6%
Return on the money invested
ROCE
-36.8%
Weak — -36.8% 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
-22.0%
Shrinking sales (-22.0% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-8.1%
Burning cash (-8.1%)

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
5.91
Heavy debt load (5.91)
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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