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Mentice AB (publ) (MNTC.ST)

SEK13.60 +0.45 (+3.42%)
SE STO Healthcare Medical - Devices
Address Odinsgatan 10 411 03
Gothenburg, SE
CEO Frans Matthieu Venker
IPO 2019-06-18
ISIN SE0012673291

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Description

Mentice AB (publ), founded in 1998 and headquartered in Gothenburg, Sweden, specializes in delivering advanced endovascular simulation solutions. These are utilized by educational institutions, healthcare systems, and medical device manufacturers globally, with the company's operations spanning across Europe, the Middle East, Africa, the Asia Pacific region, and the Americas. Its business is structured across distinct segments focusing on the Medical Device Industry, Healthcare Systems, and Strategic Alliances. The company offers a comprehensive suite of software modules designed for training in a wide array of interventional procedures. These include acute ischemic stroke, atrial septal defect/patent foramen ovale occlusion, aortic valve implantation, endovascular aortic repair, below-the-knee, carotid, and renal interventions, along with patient-specific simulations. The portfolio further encompasses advanced and essential coronary procedures, intermediate coronary, left atrial appendage occlusion, neurovascular coiling and thrombectomy, peripheral angiography, prostatic and uterine artery embolization, radiation safety, transarterial chemoembolization, transseptal puncture, vascular trauma, and cardiac rhythm management. Additionally, Mentice provides crucial support for interventionalists transitioning from transfemoral to transradial access techniques. Beyond software, Mentice's product line features sophisticated medical simulators for endovascular therapies, accompanied by compatible accessories and extensions. They also supply specialized silicone vasculature, as well as cardiac, vascular, and neurovascular flow systems. Innovative digital offerings include the Mentice Right Heart Cath App, a mobile tool for interactive exploration of right heart catheterization procedures, and the Mentice Live Learning Center, which facilitates remote learning through its VIST G endovascular simulation platform. All these comprehensive solutions are engineered to educate, train, and significantly enhance the skills of medical professionals.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SEK13.60 +0.45 (+3.42%)
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Volume Profile
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Liquidity & share structure
Average Volume
17.9K
Beta
0.45
Float Shares
11.71M
Free Float %
41.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.92% +2.71% -0.38% -1.49% -5.02% -1.12% -16.40% -68.68% -82.97% -80.40% -80.40%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
13.60
Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.46
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Devices: +11.2%
    -3.9% Q1'26: +14.5% (vs Q1'25)
  • EPS growth Medical - Devices: +28.5%
    -59.7% Q1'26: +45.4% (vs Q1'25)
  • FCF margin FCF growth · Medical - Devices: +30.9%
    -13.1% Q1'26: +41.5% (vs Q1'25)
  • EBIT margin Medical - Devices: +6.2%
    -11.9% Q1'26: -31.1% (vs Q1'25)
  • ROIC Medical - Devices: +3.3%
    -25.2% Q1'26: -93.6% (vs Q1'25)
  • Share dilution Medical - Devices: 0.0%
    +9.9% Q1'26: +10.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Devices: -0.35×
    -15.23× Q1'26: -0.29× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.46) × ERP
WACC = 93% × Ke + 7% × Kd (4.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 13.60
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
2 EPS Ana.
Dec 2027
2 Rev. Ana.
2 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
149.37M
est: 165.85M (-9.9%)
137.50M
est: 158.55M (-13.3%)
185.06M
est: 176.19M (+5.0%)
217.95M
est: 226.43M (-3.7%)
273.61M
est: 280.53M (-2.5%)
290.33M
est: 294.57M (-1.4%)
279.09M
est: 271.64M (+2.7%)
309.50M
304.02M – 314.98M
+13.9% YoY
341.50M
337.98M – 345.02M
+10.3% YoY
372.00M
371.92M – 372.08M
+8.9% YoY
EBITDA
-13.88M
est: 4.95M (-380.4%)
-3.90M
est: 4.73M (-182.4%)
1.44M
est: 5.26M (-72.5%)
266.0K
est: 6.76M (-96.1%)
28.87M
est: 3.30M (+774.4%)
18.30M
est: 3.47M (+427.8%)
-1.72M
est: 3.20M (-153.7%)
3.64M
3.58M – 3.71M
+13.9% YoY
4.02M
3.98M – 4.06M
+10.3% YoY
4.38M
4.38M – 4.38M
+8.9% YoY
EBIT
-25.44M
est: -12.78M (-99.1%)
-18.05M
est: -12.22M (-47.7%)
-20.73M
est: -13.58M (-52.7%)
-22.67M
est: -17.45M (-29.9%)
1.17M
est: -26.10M (+104.5%)
-12.28M
est: -27.41M (+55.2%)
-33.06M
est: -25.27M (-30.8%)
-28.80M
-29.31M – -28.29M
-13.9% YoY
-31.77M
-32.10M – -31.45M
-10.3% YoY
-34.61M
-34.62M – -34.60M
-8.9% YoY
Net Income
-20.60M
est: -10.47M (-96.8%)
-13.09M
est: 1.90M (-790.1%)
-29.19M
est: -17.15M (-70.2%)
-30.67M
est: -24.11M (-27.2%)
-2.82M
est: -11.01M (+74.4%)
-18.42M
est: -18.63M (+1.1%)
-32.33M
est: -25.09M (-28.9%)
-6.31M
-6.53M – -1.91M
+74.8% YoY
8.95M
3.05M – 14.67M
+241.8% YoY
19.38M
13.35M – 26.58M
+116.7% YoY
SGA
50.83M
est: 103.66M (-51.0%)
40.25M
est: 99.10M (-59.4%)
47.19M
est: 110.12M (-57.1%)
192.33M
est: 141.52M (+35.9%)
237.06M
est: 158.91M (+49.2%)
240.54M
est: 166.86M (+44.2%)
est: 153.87M (-100.0%)
175.32M
172.22M – 178.43M
+13.9% YoY
193.45M
191.45M – 195.45M
+10.3% YoY
210.73M
210.68M – 210.77M
+8.9% YoY
EPS
-1.05
est: -0.41 (-156.7%)
-0.54
est: 0.07 (-828.2%)
-1.18
est: -0.67 (-76.0%)
-1.22
est: -0.94 (-29.5%)
-0.11
est: -0.39 (+71.9%)
-0.72
est: -0.66 (-8.7%)
-1.15
est: -0.89 (-28.9%)
-0.15
-0.23 – -0.07
+83.2% YoY
0.32
0.11 – 0.52
+310.0% YoY
0.71
0.47 – 0.95
+125.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-05-08 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-05-07 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-05-06 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-05-05 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-05-04 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-04-30 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-04-29 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-04-28 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-04-27 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-04-24 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-04-23 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-04-22 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-04-21 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-20 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-17 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-16 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-34.29M
OE per share TTM
-1.32
Owner's Yield
-9.33%
Maintenance CapEx ratio
19.13%
Maint CapEx / Avg PPE
10.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-252.4K
Shares Outstanding
28.13M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Göran Malmberg Advisor & Director 4M male
Frans Matthieu Venker Group Chief Executive Officer & President 4M male
Edward Fält Chief Strategy Officer male
Henrik Storm Chief Technology Officer male
Jonatan Sjostrom Chief Operating Officer male
Martin Harris Vice President of Marketing male
Stacy Hammar Corporate Marketing Manager of Medical Device female
Dominic Steffel Senior Product Manager
Ulrika Drotz Voksepp Chief Financial Officer female
Edward Falt Chief Strategy Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits