Minesto AB

Minesto AB

  • Price (SEK)4.95
  • Today's Change0.168 / 3.51%
  • Shares traded315.33k
  • 1 Year change-63.69%
  • Beta1.0487
Data delayed at least 15 minutes, as of Mar 27 2023 17:00 BST.
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About the company

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.

  • Revenue in SEK (TTM)0.00
  • Net income in SEK-84.44m
  • Incorporated2006
  • Employees63.00
  • Location
    Minesto ABJ A Wettergrens gata 14VAESTRA FROELUNDA 421 30SwedenSWE
  • Phone+46 31290060
  • Websitehttps://www.minesto.com
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
(YOY change %)
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
(5 yr growth rate)
Norsk Solar AS13.69m-52.26m203.46m25.00--2.25--14.86-0.7012-0.70120.18371.210.06991.020.4211---34.09-26.81-41.88-31.54-----487.38-361.681.68-19.650.4548--1.06146.25-51.11------
MPC Energy Solutions NV26.09m-41.31m282.00m16.00--0.3535--10.81-1.93-1.931.2035.970.0237--2.401,635,903.00-3.75---3.83--63.33---158.35------0.3494--------------
Ocean Sun AS3.75m-17.92m304.47m12.00--4.83--81.11-0.3997-0.39970.08371.410.0473--1.84---22.60-22.77-24.89-24.6189.33---477.51-808.44----0.00--1,482.7738.104.17------
Advanced SolTech Sweden AB (publ)156.97m-29.43m572.35m----1.1214.103.65-0.7901-0.79013.9012.970.0843--4.32---1.56---2.79-------18.53----0.69380.6617--33.76---283.44------
Minesto AB0.00-84.44m798.99m63.00--1.49-----0.5979-0.59790.003.210.00----0.00-16.15-10.51-17.02-11.14------------0.0011-------465.61--7.67--
Dala Energi AB (publ)341.22m80.28m1.38bn73.0017.221.46--
Elmera Group ASA25.44bn73.61m1.81bn475.0024.071.393.910.07120.66050.6605227.6411.422.0818,283.594.01--0.60314.521.9311.796.6512.470.28942.311.012.130.5487111.2069.2941.79-71.27-21.763.62--
Soltech Energy Sweden AB (publ)1.93bn-263.02m1.81bn574.00--1.62--0.9386-2.51-2.5118.318.611.017.776.18---14.14-5.92-19.13-7.7930.9238.11-13.97-10.971.24-1.050.249--111.62109.85-421.90------
Arise AB1.16bn772.00m2.22bn36.002.861.372.671.9117.4317.4326.6336.360.5259238.00----34.885.4440.556.12----66.3221.405.7510.130.38448.77318.7135.271,254.39--38.52--
Cloudberry Clean Energy ASA208.32m120.61m2.94bn--22.560.794718.0114.130.44940.44940.790712.760.05420.10026.53--3.32--3.52--93.78--61.24--5.99--0.0914--491.72--291.95------
Orron Energy AB150.81m296.42m3.83bn463.0012.940.98311.3325.401.04491.010.52813.630.0035--0.2164--0.68673.54--5.77----198.6221.57----0.1362139.35---62.66279.50-40.41-24.31--
Data as of Mar 27 2023. Currency figures normalised to Minesto AB's reporting currency: Swedish Krona SEK

Institutional shareholders

0.40%Per cent of shares held by top holders
HolderShares% Held
Storebrand Asset Management ASas of 28 Feb 2023638.44k0.38%
FPM Frankfurt Performance Management AGas of 30 Dec 202225.65k0.02%
OTP Fund Management Ltd.as of 30 Jun 202211.29k0.01%
Data from 30 Jun 2022 - 28 Feb 2023Source: FactSet Research Systems Inc.
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