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 2025 2026e 2027e
Sales 203 229 258
Sales growth (%) 1,7 13,1 12,3
EBITDA 7 24 34
EBITDA margin (%) 3,6 10,4 13,4
EBIT adj. -8 8 18
EBIT adj. margin (%) -3,9 3,3 7
Pretax profit -12 6 17
EPS -0,14 0,08 0,21
EPS growth (%) 13 N/A N/A
EPS adj. -0,07 0,14 0,26
Dividend per share N/A N/A N/A
DPS 0 0 0
EV/EBITDA (x) 41,7 12,1 8
EV/EBIT adj. (x) -38 38,4 15,3
P/E (x) N/A 43,5 16,7
P/E adj. (x) N/A 25,1 13
EV/sales (x) 1,49 1,26 1,06
FCF yield (%) -1,7 5,6 5,7
Le. adj. FCF yld. (%) -1,2 5 5,7
Dividend yield (%) 0 0 0
Net IB debt/EBITDA (x) 3,5 0,5 -0,1
Le. adj. ND/EBITDA (x) 1,8 0,2 -0,3
SEKm 2025 2026e 2027e
Sales 203 229 258
COGS -107 -117 -134
Gross profit 96 112 124
Other operating items -88 -88 -89
EBITDA 7 24 34
Depreciation and amortisation -12 -12 -12
Depreciation on leased assets N/A N/A N/A
of which leasing depreciation -2 -2 -2
EBITA -4 12 23
Operating EO items N/A N/A N/A
EO Items -1 0 0
Impairment and amortisation charges N/A N/A N/A
Impairment and PPA amortisation -5 -5 -5
EBIT -9 8 18
Net financial items -3 -1 -1
Pretax profit -12 6 17
Tax 0 0 0
Net profit -12 6 17
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders -12 6 17
EPS -0,14 0,08 0,21
EPS adj. -0,07 0,14 0,26
Total extraordinary items after tax -1 0 0
Leasing payments 2 -2 0
Tax rate (%) -0,7 0 0
Gross margin (%) 47,1 48,9 48
EBITDA margin (%) 3,6 10,4 13,4
EBITA margin (%) -2,1 5,3 8,8
EBIT margin (%) -4,4 3,3 7
Pre-tax margin (%) -5,7 2,8 6,5
Net margin (%) -5,8 2,8 6,5
Sales growth (%) 1,7 13,1 12,3
EBITDA growth (%) 74 42,8 N/A
EBITA growth (%) 47,2 -382,9 85,2
EBIT growth (%) 22,4 -184 N/A
Net profit growth (%) 30,2 -154,4 160,5
EPS growth (%) 13 N/A N/A
Profitability N/A N/A N/A
ROE (%) -6,6 3,6 8,9
ROE adj. (%) -3,4 6,3 11,4
ROCE (%) -5,7 3,1 7,7
ROCE adj. (%) -2,9 5,4 9,9
ROIC (%) -2,2 6,3 11,8
ROIC adj. (%) -1,7 6,3 11,8
Adj. earnings numbers N/A N/A N/A
Year N/A N/A N/A
EBITDA adj. 8 24 34
EBITDA adj. margin (%) 4,1 10,4 13,4
EBITDA lease adj. 10 22 34
EBITDA lease adj. margin (%) 4,8 9,7 13,4
EBITA adj. -3 12 23
EBITA adj. margin (%) -1,6 5,3 8,8
EBIT adj. -8 8 18
EBIT adj. margin (%) -3,9 3,3 7
Pretax profit Adj. -6 11 21
Net profit Adj. -6 11 21
Net profit to shareholders adj. -6 11 21
Net adj. margin (%) -3 4,8 8,3
SEKm 2025 2026e 2027e
EBITDA 7 24 34
Goodwill 46 46 46
Net financial items -3 -1 -1
Other intangible assets 52 51 49
Paid tax 0 0 0
Tangible fixed assets 47 43 40
Non-cash items 0 0 0
Right-of-use asset 6 5 5
Cash flow before change in WC 5 23 33
Other Fixed Assets All N/A N/A N/A
Total other fixed assets 0 0 0
Change in working capital -1 3 -7
Fixed assets 150 145 140
Operating cash flow 4 26 26
Inventories 38 34 39
Capex tangible fixed assets -5 -5 -5
Receivables 34 38 44
Capex intangible fixed assets -4 -5 -5
Other current assets 6 7 8
Acquisitions and Disposals 0 0 0
Cash and liquid assets 2 16 32
Free cash flow -5 15 16
Total assets 231 240 262
Dividend paid 0 0 0
Shareholders equity 173 179 196
Share issues and buybacks 0 0 0
Minority 0 0 0
Leasing liability amortisation 2 -2 0
Total equity 173 179 196
Other changes in net debt N/A N/A N/A
Other non-cash items -2 0 -1
Long-term debt 16 20 20
Pension debt 0 0 0
Convertible debt 0 0 0
Leasing liability 8 8 9
Total other long-term liabilities 0 0 0
Short-term debt 4 0 0
Accounts payable 17 19 22
Other current liabilities 12 14 15
Total liabilities and equity 231 240 262
Net IB debt 26 11 -3
Net IB debt excl. pension debt 26 11 -3
Net IB debt excl. leasing 18 4 -12
Capital employed 201 207 224
Capital invested 198 190 193
Working capital 49 46 53
Market cap. diluted (m) 278 278 278
Net IB debt adj. 26 11 -3
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 303 289 274
Total assets turnover (%) 87,9 97,4 102,5
Working capital/sales (%) 23,8 20,6 19,2
Financial risk and debt service N/A N/A N/A
Year N/A N/A N/A
Net debt/equity (%) 14,8 6,4 -1,6
Net debt / market cap (%) 9,2 4,1 -1,2
Equity ratio (%) 74,9 74,5 74,6
Net IB debt adj. / equity (%) 14,8 6,4 -1,6
Current ratio 2,41 2,86 3,27
EBITDA/net interest N/A N/A N/A
Net IB debt/EBITDA (x) 3,5 0,5 -0,1
Net IB debt/EBITDA lease adj. (x) 1,8 0,2 -0,3
Interest coverage N/A N/A N/A
SEKm 2025 2026e 2027e
Shares outstanding adj. 81 81 81
Diluted shares adj. 81 81 81
EPS -0,14 0,08 0,21
Dividend per share 0 0 0
EPS adj. -0,07 0,14 0,26
BVPS 2,13 2,21 2,42
BVPS adj. 0,93 1,02 1,25
Net IB debt/share 0,32 0,14 -0,04
Share price 3,43 3,43 3,43
Market cap. (m) 278 278 278
P/E (x) N/A 43,5 16,7
EV/sales (x) 1,5 1,3 1,1
EV/EBITDA (x) 41,7 12,1 8
EV/EBITA (x) -70,4 23,7 12,1
EV/EBIT (x) -33,8 38,4 15,3
Dividend yield (%) 0 0 0
FCF yield (%) -1,7 5,6 5,7
Le. adj. FCF yld. (%) -1,2 5 5,7
P/BVPS (x) 1,61 1,55 1,42
P/BVPS adj. (x) 3,7 3,35 2,75
P/E adj. (x) N/A 25,1 13
EV/EBITDA adj. (x) 36,7 12,1 8
EV/EBITA adj. (x) -91,6 23,7 12,1
EV/EBIT adj. (x) -38 38,4 15,3
EV/CE (x) 1,5 1,4 1,2
Year N/A N/A N/A
Investment ratios N/A N/A N/A
Capex/sales (%) 4,4 4,4 4
Capex/depreciation 0,9 1 1
Capex tangibles / tangible fixed assets 10,5 12,6 N/A
Capex intangibles / definite intangibles 11,4 13,5 N/A
Depreciation on intang / def. intang 5 5 N/A
Depreciation on tangibles / tangibles 14,11 14,99 N/A

Equity research

Read earlier research

Media

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

View more media

Main shareholders - Nexam Chemical

Main shareholders Share capital % Voting shares % Verified
Avanza Pension 9.9 % 9.9 % 26 Sep 2025
Sven-Olov Hjälmstad 9.1 % 9.1 % 26 Sep 2025
Nerthus Investments Ltd 7.4 % 7.4 % 9 May 2023
Veronica Wallman 4.5 % 4.5 % 26 Sep 2025
SEB Funds 3.3 % 3.3 % 30 Nov 2025
Nordnet Pensionsförsäkring 2.9 % 2.9 % 26 Sep 2025
Lennart Holm med familj 2.5 % 2.5 % 26 Sep 2025
Claes Mellgren 2.1 % 2.1 % 26 Sep 2025
Per-Olof Andersson 2.0 % 2.0 % 26 Sep 2025
Daniel Rome 1.8 % 1.8 % 26 Sep 2025
Source: Holdings by Modular Finance AB