What is Gapwaves AB (publ)'s (GAPW-B.ST) StockRank?

MoatMap's StockRank for Gapwaves AB (publ) (GAPW-B.ST) is 5/100, with a Strong Sell signal. This is a composite score combining Quality (18), Value (26), and Momentum (32) factor ranks across MoatMap's 20,000+ stock universe.

Does Gapwaves AB (publ) have an economic moat?

Gapwaves AB (publ) (GAPW-B.ST) has a Quality factor score of 18/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Gapwaves AB (publ) a buy, hold, or sell?

MoatMap's current signal for Gapwaves AB (publ) (GAPW-B.ST) is Strong Sell, based on a StockRank of 5/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Gapwaves AB (publ) in?

Gapwaves AB (publ) (GAPW-B.ST) operates in the Technology sector, specifically the Communication Equipment industry (Sweden).

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GAPW-B.ST

STRONG SELLREMOVE

Gapwaves AB (publ) · Technology · Sweden · $68M · Avg Vol: $184K/d

StockRank

P/E (TTM)

—

ROE

-60.6%

D/E

0.2x

Dividend %

—

Director Trades · 180d

+$21.5K →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Gapwaves develops waveguide antenna technology for radar and telecom. While technologically interesting, it is currently unprofitable and lacks the scale and commercial traction required for our portfolio.

COMPANY DESCRIPTION

Gapwaves AB designs and manufactures high-performance waveguide antenna solutions for automotive radar, 5G telecommunications, and autonomous driving systems. The company's patented gap waveguide technology offers significantly lower signal loss and higher efficiency at millimeter-wave frequencies compared to traditional planar antennas. Gapwaves operates a licensing and development model, partnering with tier-one automotive suppliers and telecom giants to integrate its technology into mass-market products.

FINANCIAL SUMMARY (USD)

Year	2021	2022	2023	2024	2025	CAGR
Revenue	—	6.7M	2.9M	6.9M	9.4M	12.3%
EPS	—	-0.06	-0.23	-0.17	-0.19	—
Shares	—	31.1M	31.1M	31.1M	36.3M	+16.7%
Debt	0.2M	3.1M	1.9M	0	1.4M	74.4%
Equity	—	23.1M	15.9M	10.7M	12.2M	-19.1%
Op CF	—	-2.6M	-4.9M	-2.9M	-3.2M	—
Inv CF	—	-0.2M	-5.1M	-2.2M	-0.7M	—
Fin CF	—	-23,820	0	0	8.9M	—

PRICE (1Y)+58.3%

SMA 50SMA 200

$1.87

RSI (14)

52.0

52W High

$3.25

From 52W High

0.6%

SCORE BREAKDOWN

Quality

ROIC

-48.2%3.3

ROE

-60.6%3.5

GP/Assets

-6.5%0.7

Op. Margin

-48.7%6.5

FCF/Assets

-20.4%5.7

Piotroski

312.1

Int. Cover

-48.7x5.0

D/E Ratio

0.22x51.2

Current Ratio

2.62x65.8

Value

P/E (TTM)

—N/A

EV/EBITDA

-12.8x25.0

P/FCF

—N/A

P/B

5.6x29.2

P/S

6.6x29.6

Div Yield

—N/A

Momentum

52W High %

58%23.1

RS 6M

1%58.6

SMA 50/200

0.90x22.5

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

+22%22.4

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$68M

P/E (Forward)

-10.6x

Gross Margin

-11.9%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of GAPW-B.ST are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
GAPW-B.ST	Gapwaves AB (publ)(you)	$68M	5	STRONG SELL
NETI-B.ST	Net Insight AB (publ)	$143M	28	SELL
ALCA.ST	Alcadon Group AB (publ)	$82M	96	STRONG BUY
TAGM-B.ST	TagMaster AB (publ)	$61M	98	STRONG BUY
BIM.ST	BIMobject AB	$73M	5	STRONG SELL
MIDS.ST	Midsummer AB (publ)	$66M	14	STRONG SELL
HTRO.ST	Hexatronic Group AB (publ)	$972M	63	HOLD
BEAMMW-B.ST	BeammWave AB (publ)	$72M	19	STRONG SELL
EPEN.ST	Ependion AB	$485M	84	STRONG BUY
DONE.ST	Done.ai Group AB	$84M	24	SELL

Peer medians: ROE 9.7% · P/E 20.1x · Gross margin 47.8%

Gapwaves AB (publ) (GAPW-B.ST) — Stock Score Summary

Gapwaves AB (publ) (GAPW-B.ST) has a MoatMap StockRank of 5/100 based on Quality (18/100), Value (26/100), and Momentum (32/100) factor scores. The current signal is STRONG SELL. Gapwaves develops waveguide antenna technology for radar and telecom. While technologically interesting, it is currently unprofitable and lacks the scale and commercial traction required for our portfolio.

Key Financial Metrics

Price	$1.87
Market Cap	$68M
P/E (Forward)	-10.59
Price/Book	5.64
Return on Equity	-60.6%
Return on Invested Capital	-48.2%
Debt/Equity	21.63
Gross Margin	-11.9%
Operating Margin	-48.7%
Revenue Growth	-17.4%
Free Cash Flow	$-375K

Gapwaves AB (publ) operates in the Communication Equipment industry, part of the Technology sector (Sweden).

Frequently Asked Questions

What is Gapwaves AB (publ)’s (GAPW-B.ST) StockRank?: MoatMap’s StockRank for Gapwaves AB (publ) (GAPW-B.ST) is 5/100, with a Strong Sell signal. It is a composite of Quality (18), Value (26), and Momentum (32) factor ranks across MoatMap’s 20,000+ stock universe.
Does Gapwaves AB (publ) have an economic moat?: Gapwaves AB (publ) (GAPW-B.ST) has a Quality factor score of 18/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Gapwaves AB (publ) a buy, hold, or sell?: MoatMap’s current signal for Gapwaves AB (publ) (GAPW-B.ST) is Strong Sell, based on a StockRank of 5/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Gapwaves AB (publ) in?: Gapwaves AB (publ) (GAPW-B.ST) operates in the Technology sector, specifically the Communication Equipment industry (Sweden).