MIDSUMMER AB chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 1.91
Dividend & YieldN/Akr (N/A)
Beta 0.13
Market capitalization 675.38M
Operating cash flow -91.59M
ESG Scores unknown

Company description

Midsummer AB (publ) develops and supplies equipment for the production of flexible thin-film solar cells in Sweden, China, the European Union, and internationally. It offers Duo, a ready-made production system for the CIGS solar cell manufacturing; UNO, a generic tool used for solar cell research; Slim, combination of thin solar panels and a classic folded sheet metal roof; Wave, a solar panel used for roof tiles; and Bold, an ultra-light, flexible solar panel that prevents damage to the roof caused by UV light. The company also manufactures, sells, and installs solar roofs. In addition, it offers batteries for energy storage, as well as electric vehicle chargers. The company was founded in 2004 and is headquartered in Järfälla, Sweden.

Sector: Technology - Industry: Solar

Financial Ratios
Quick Ratio7.55
Working Capital-0.52
Return On Equity-0.51
Debt To Equity0.79
Fixed Asset Ratio0
Fixed Interest Cover-5.62

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -10.62M -45.19M -53M -115.35M
Net Borrowings -6.64M 175.73M -9.37M -6.9M
Total Cash From Financing Activities 84.7M 175.73M 238.59M 118.97M
Change To Operating Activities -11.65M -5.81M 20.68M -22.83M
Issuance Of Stock 91.34M 247.96M 247.96M 130.26M
Net Income 36.86M -40.29M -92.3M -129.51M
Change In Cash 24.35M 57.94M 106.59M -58.45M
Effect Of Exchange Rate -130.53k 274k 698k 1.31M
Total Cash From Operating Activities -49.6M -72.88M -79.69M -63.39M
Depreciation 9.07M 32.11M 21.37M 14.79M
Change To Account Receivables -79.34M -109.39M -24.85M 54.56M
Other Cashflows From Financing Activities -4.39M -4.39M -4.39M -4.39M
Change To Netincome -18.75M 3.83M -11.44M 6.41M
Capital Expenditures -10.54M -31.29M -29.08M -90.35M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 36.78M -35.45M -92.3M -130.23M
Net Income 36.86M -40.29M -92.3M -129.51M
Selling General Administrative 70.66M 84.53M 90.17M 112.09M
Gross Profit 124.96M 91.16M 54.32M 27.3M
Ebit 35.75M -23.09M -55.83M -119.03M
Operating Income 35.75M -23.09M -55.83M -119.03M
Interest Expense -1.33M -9.66M -18.62M -21.17M
Income Tax Expense -73.6k 4.84M -719k
Total Revenue 239.8M 198.31M 95.52M 119.27M
Cost Of Revenue 114.84M 107.15M 41.2M 91.97M
Total Other Income ExpenseNet 1.03M -12.36M -36.48M -11.21M
Net Income From Continuing Ops 36.86M -40.29M -92.3M -129.51M
Net Income Applicable To Common Shares 36.86M -40.29M -92.3M -129.51M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 45.71M 251.38M 264.46M 238.28M
Total Stockholder Equity 163.08M 100.27M 255.93M 252.96M
Other Current Liabilities 1.87M 2.16M 6.9M 4.72M
Total Assets 208.78M 351.66M 520.39M 491.24M
Common Stock 1.24M 1.24M 2.37M 2.71M
Other Current Assets 33.59k 417k
Retained Earnings 4.6M -58.2M -150.5M -280.01M
Treasury Stock -440k 224k
Cash 53.08M 111.02M 217.61M 159.16M
Total Current Liabilities 26.6M 36.12M 54.98M 33.53M
Other Stockholder Equity -440k 224k
Property, Plant, and Equipment 29.28M 61.11M 81.45M 154.52M
Total Current Assets 148.18M 259.07M 393.46M 283.43M
Net Tangible Assets 162.52M 99.81M 255.23M 252.22M
Net Receivables 84.66M 123.35M 148.69M 92.52M
Accounts Payable 8.73M 16.25M 34.39M 10.11M


Insider Transactions

Here are the insider transactions of stock shares related to MIDSUMMER AB:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to MIDSUMMER AB. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on MIDSUMMER AB

Here is the result of two systematic investment strategies applied to MIDSUMMER AB. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on MIDSUMMER AB

The following chart shows the equity curve of the two systematic investment strategies applied to MIDSUMMER AB:

MIDSUMMER AB automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -16.97% on the backtest period.

Performance at glance

Performance

-16.97 %

Latent gain

-338.3 kr

Invested capital

1993.98 kr

Annualized return

-4.79 %
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Momentum strategy results on MIDSUMMER AB

This is the result of two momentum investment strategies applied to MIDSUMMER AB. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on MIDSUMMER AB

The following chart shows all the entries opened by the momentum investment system on MIDSUMMER AB:

MIDSUMMER AB momentum entries
  • The first momentum investment strategy would give -6.88% of return on MIDSUMMER AB. That represents -344.85kr of latent gain with 5009.41kr of employed capital.
  • The second momentum investment strategy would give 9.56% of return on MIDSUMMER AB. That represents 407.16kr of latent gain with 4257.4kr of employed capital.
Performance at glance (1Q Momentum)

Performance

-6.88 %

Latent gain

-344.85 kr

Invested capital

5009.41 kr

Annualized return

34.66 %
Performance at glance (2Q Momentum)

Performance

9.56 %

Latent gain

407.16 kr

Invested capital

4257.4 kr

Annualized return

3.12 %

Momentum equity curve on MIDSUMMER AB

The following chart shows the equity curve of the two momentum strategies applied to MIDSUMMER AB:

MIDSUMMER AB momentum equity

Note: the dividends potentially given by MIDSUMMER AB are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MIDSUMMER AB

The following chart shows the employed capital evolution of the two momentum strategies on MIDSUMMER AB since the beginning:

MIDSUMMER AB

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250kr, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000kr.


Buy the dip strategy result on MIDSUMMER AB

Buy the dip entry openings on MIDSUMMER AB

MIDSUMMER AB

The performance achieved by the robo-advisor on MIDSUMMER AB is 53.37%. That represents 132.96$ of latent gain with 249.12kr of employed capital. The following chart shows MIDSUMMER AB stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of MIDSUMMER AB, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

53.37 %

Latent gain

132.96 kr

Invested capital

249.12 kr

Annualized return

34.66 %

Equity curve of the strategy applied to MIDSUMMER AB

The following chart shows the result of the investment strategy applied to MIDSUMMER AB:

MIDSUMMER AB

Note: the dividends potentially given by MIDSUMMER AB are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MIDSUMMER AB

The following chart shows the employed capital evolution since the beginning of the investment strategy on MIDSUMMER AB:

MIDSUMMER AB

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on MIDSUMMER AB

In this section, I will compare the three previous investment strategies applied to MIDSUMMER AB.

Equity curve comparison on MIDSUMMER AB

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

MIDSUMMER AB investment strategy comparison

Employed capital comparison on MIDSUMMER AB

MIDSUMMER AB investment comparison

Performance comparison on MIDSUMMER AB

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -16.97% -338.3kr 1993.98kr -4.79%
Momentum 1 quarter -6.88% -344.85kr 5009.41kr -2.08%
Momentum 2 quarters 9.56% 407.16kr 4257.4kr 3.12%
Non-directional 53.37% 132.96kr 249.12kr 34.66%
Annualized return comparison

Automatic investment

-4.79 %

Momentum 1Q

3.12 %

Momentum 2Q

3.12 %

Non-directional

34.66 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MIDSUMMER AB:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between MIDSUMMER AB and the other stocks. There may be false positives or some missing correlated stocks. If the price of MIDSUMMER AB does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name MIDSUMMER AB
Country Sweden
City Järfälla
Address Elektronikhojden 6
Phone 46 8 52 50 96 10
Website www.midsummer.se
FullTime employees 103
Industry Solar
Sector Technology
Exchange XSTO
Ticker MIDS.XSTO
Market www.nasdaqomxnordic.com

MIDSUMMER AB ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown