Press the button and be introduced to a new random company!

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

Nexam Chemical

Nexam Chemical

Send subscription Close

Nexam Chemical is a cleantech company that manufactures additives that enhance the properties and performance of plastics. The company offers products that make plastics stronger, lighter and more heat-resistant, and that enhance the quality of recycled plastic.

Sustainability information

Risks include competing technologies for plastic additives taking large market shares and Nexam not managing to scale up its operations and become profitable. As a company striving to grow, develop and then commercialise, there is a risk that competitors may enter at a later stage.

Financials

SEKm 2024 2025e 2026e
Sales 200 208 238
Sales growth (%) 5 4 15
EBITDA 8 13 28
EBITDA margin (%) 4 6,1 11,7
EBIT adj. -7 -3 12
EBIT adj. margin (%) -3,7 -1,6 5,2
Pretax profit -8 -5 11
EPS -0,12 -0,06 0,14
EPS growth (%) -57,1 -52,3 N/A
EPS adj. -0,06 -0,01 0,19
Dividend per share N/A N/A N/A
DPS 0 0 0
EV/EBITDA (x) 41,5 26 11,4
EV/EBIT adj. (x) -45,6 -101,1 25,9
P/E (x) N/A N/A 28,3
P/E adj. (x) N/A N/A 20,1
EV/sales (x) 1,67 1,58 1,34
FCF yield (%) -0,8 2 3,4
Le. adj. FCF yld. (%) -1,3 2,7 2,8
Dividend yield (%) 0 0 0
Net IB debt/EBITDA (x) 2,5 1,1 0,2
Le. adj. ND/EBITDA (x) 2,1 0,3 -0,1
SEKm 2024 2025e 2026e
Sales 200 208 238
COGS -107 -109 -124
Gross profit 92 99 114
Other operating items -84 -86 -87
EBITDA 8 13 28
Depreciation and amortisation -11 -11 -11
Depreciation on leased assets N/A N/A N/A
of which leasing depreciation -2 -2 -2
EBITA -3 1 17
Operating EO items N/A N/A N/A
EO Items 0 0 0
Impairment and amortisation charges N/A N/A N/A
Impairment and PPA amortisation -4 -5 -5
EBIT -7 -3 12
Net financial items -1 -2 -1
Pretax profit -8 -5 11
Tax -1 0 0
Net profit -9 -6 11
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders -9 -6 11
EPS -0,12 -0,06 0,14
EPS adj. -0,06 -0,01 0,19
Total extraordinary items after tax 0 0 0
Leasing payments -2 3 -2
Tax rate (%) -11,8 -1,3 0
Gross margin (%) 46,3 47,7 48
EBITDA margin (%) 4 6,1 11,7
EBITA margin (%) -1,5 0,6 7,1
EBIT margin (%) -3,7 -1,6 5,2
Pre-tax margin (%) -4 -2,6 4,7
Net margin (%) -4,5 -2,7 4,7
Sales growth (%) 5 4,1 14,8
EBITDA growth (%) -318 74 42,8
EBITA growth (%) -81,8 -144,1 1203,7
EBIT growth (%) -64,2 -55,8 -479,2
Net profit growth (%) -60,5 -38,4 -300
EPS growth (%) -57,1 -52,3 N/A
Profitability N/A N/A N/A
ROE (%) -4,8 -3,1 6
ROE adj. (%) -2,5 -0,6 8,5
ROCE (%) -3,8 -2,6 5,2
ROCE adj. (%) -1,7 -0,5 7,3
ROIC (%) -1,6 0,7 8,7
ROIC adj. (%) -1,6 0,7 8,7
Adj. earnings numbers N/A N/A N/A
Year N/A N/A N/A
EBITDA adj. 8 13 28
EBITDA adj. margin (%) 4 6,1 11,7
EBITDA lease adj. 7 15 26
EBITDA lease adj. margin (%) 3,3 7,4 10,9
EBITA adj. -3 1 17
EBITA adj. margin (%) -1,5 0,6 7,1
EBIT adj. -7 -3 12
EBIT adj. margin (%) -3,7 -1,6 5,2
Pretax profit Adj. -4 -1 16
Net profit Adj. -5 -1 16
Net profit to shareholders adj. -5 -1 16
Net adj. margin (%) -2,3 -0,5 6,6
SEKm 2024 2025e 2026e
EBITDA 8 13 28
Goodwill 46 46 46
Net financial items -1 -2 -1
Other intangible assets 53 52 51
Paid tax -1 0 0
Tangible fixed assets 51 46 43
Non-cash items 0 0 0
Right-of-use asset 6 6 6
Cash flow before change in WC 6 10 27
Other Fixed Assets All N/A N/A N/A
Total other fixed assets 0 0 0
Change in working capital 1 5 -6
Fixed assets 156 151 146
Operating cash flow 7 16 20
Inventories 34 31 36
Capex tangible fixed assets -6 -5 -5
Receivables 32 35 41
Capex intangible fixed assets -4 -4 -5
Other current assets 6 6 7
Acquisitions and Disposals 0 0 0
Cash and liquid assets 3 17 26
Free cash flow -2 7 11
Total assets 231 241 256
Dividend paid 0 0 0
Shareholders equity 183 179 190
Share issues and buybacks 0 0 0
Minority 0 0 0
Leasing liability amortisation -2 3 -2
Total equity 183 179 190
Other changes in net debt N/A N/A N/A
Other non-cash items 1 -4 1
Long-term debt 14 18 22
Pension debt 0 0 0
Convertible debt 0 0 0
Leasing liability 6 9 8
Total other long-term liabilities 1 0 0
Short-term debt 3 4 0
Accounts payable 11 18 20
Other current liabilities 13 12 14
Total liabilities and equity 231 241 256
Net IB debt 20 14 4
Net IB debt excl. pension debt 20 14 4
Net IB debt excl. leasing 14 5 -4
Capital employed 206 210 221
Capital invested 204 193 194
Working capital 48 43 49
Market cap. diluted (m) 314 314 314
Net IB debt adj. 20 14 4
Market value of minority 0 0 0
Reversal of shares and participations 0 0 0
Reversal of conv. debt assumed equity N/A N/A N/A
EV 334 328 318
Total assets turnover (%) 83,7 88 96
Working capital/sales (%) 24,2 21,7 19,2
Financial risk and debt service N/A N/A N/A
Year N/A N/A N/A
Net debt/equity (%) 11 7,8 2,4
Net debt / market cap (%) 6,4 4,4 1,4
Equity ratio (%) 79,3 74,3 74,3
Net IB debt adj. / equity (%) 11 7,8 2,4
Current ratio 2,75 2,61 3,18
EBITDA/net interest N/A N/A N/A
Net IB debt/EBITDA (x) 2,5 1,1 0,2
Net IB debt/EBITDA lease adj. (x) 2,1 0,3 -0,1
Interest coverage N/A N/A N/A
SEKm 2024 2025e 2026e
Shares outstanding adj. 81 81 81
Diluted shares adj. 81 81 81
EPS -0,12 -0,06 0,14
Dividend per share 0 0 0
EPS adj. -0,06 -0,01 0,19
BVPS 2,27 2,21 2,35
BVPS adj. 1,05 0,99 1,14
Net IB debt/share 0,25 0,17 0,06
Share price 3,88 3,88 3,88
Market cap. (m) 314 314 314
P/E (x) N/A N/A 28,3
EV/sales (x) 1,7 1,6 1,3
EV/EBITDA (x) 41,5 26 11,4
EV/EBITA (x) -114,1 254 18,9
EV/EBIT (x) -45,6 -101,1 25,9
Dividend yield (%) 0 0 0
FCF yield (%) -0,8 2 3,4
Le. adj. FCF yld. (%) -1,3 2,7 2,8
P/BVPS (x) 1,71 1,76 1,65
P/BVPS adj. (x) 3,71 3,9 3,39
P/E adj. (x) N/A N/A 20,1
EV/EBITDA adj. (x) 41,5 26 11,4
EV/EBITA adj. (x) -114,1 254 18,9
EV/EBIT adj. (x) -45,6 -101,1 25,9
EV/CE (x) 1,6 1,6 1,4
Year N/A N/A N/A
Investment ratios N/A N/A N/A
Capex/sales (%) 5 3,9 4,1
Capex/depreciation 1,1 0,8 1
Capex tangibles / tangible fixed assets 8,6 10,5 12,6
Capex intangibles / definite intangibles 9,5 11,4 13,5
Depreciation on intang / def. intang 4 5 5
Depreciation on tangibles / tangibles 13,19 14,11 14,99

Equity research

Read earlier research

Media

Nexam Chemicals - Company presentation with CEO Ronnie Törnqvist & CFO Marcus Nyberg
Nexam Chemical - Fireside chat with CEO Ronnie Törnqvist

View more media

Main shareholders - Nexam Chemical

Main shareholders Share capital % Voting shares % Verified
Sven-Olov Hjälmstad 10.1 % 10.1 % 26 Jun 2025
Avanza Pension 9.7 % 9.7 % 26 Jun 2025
Nerthus Investments Ltd 7.4 % 7.4 % 9 May 2023
Veronica Wallman 4.5 % 4.5 % 26 Jun 2025
SEB Funds 3.3 % 3.3 % 30 Jun 2025
Nordnet Pensionsförsäkring 2.9 % 2.9 % 26 Jun 2025
Lennart Holm med familj 2.5 % 2.5 % 26 Jun 2025
Claes Mellgren 2.1 % 2.1 % 26 Jun 2025
Per-Olof Andersson 2.0 % 2.0 % 26 Jun 2025
Försäkringsaktiebolaget Skandia 1.7 % 1.7 % 26 Jun 2025
Source: Holdings by Modular Finance AB