1. Sweden Stocks

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    Healthcare

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    Medical - Devices
Scandinavian Real Heart AB (Publ)

Scandinavian Real Heart AB (Publ)

HEART.ST
Scandinavian Real Heart AB (Publ)SE flagStockholm Stock Exchange
20.60
SEK
-1.00
- -
101.74MMarket Cap
Scandinavian Real Heart AB (Publ)
HEART.ST
(Stockholm Stock Exchange)

Recent

price

20.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
- -
0.88
0.58
0.47
2.26
- -
- -
- -
- -
0.01
- -
- -
- -
- -
Revenue per Share
-0.45
-0.34
-0.05
-1
-6.58
-5.96
-13.7
-40.17
-26.37
-17.16
-16.94
-14.08
-18.79
-46.79
-16.55
-7.08
-14.6
Basic EPS, GAAP
- -
- -
- -
- -
-10.17
-14.08
-34.12
-52.33
-42.62
-58.79
-46.42
-39.28
-41.83
-18.46
-19.92
-8.76
-14.78
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.54
0.2
0.15
-0.85
-4.43
-10.38
37.53
43.61
-144.34
-169.66
-180.6
-163.68
4.46
6.68
4.99
4.99
8.27
Book Value per Share
1.49
0.74
-0.43
-2.83
21.05
6.71
20.66
38.26
-7.71
46.72
34.24
50.9
-9.95
17.82
5.08
1.86
6.35
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
1
2
5
3
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
-971,458.33
-8,645,400
- -
-53,327.77
-734.68
-1,021.04
-2,867.53
-1,285.35
- -
- -
- -
- -
-128,463.16
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
24
Depreciation Expense
- -
- -
- -
- -
-2
-2
-4
-14
-9
-7
-9
-10
-14
-68
-34
-35
-39
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-973,258.33
-8,659,500
- -
-58,133.18
-747.03
-1,033.75
-2,927.54
-1,773.51
- -
- -
- -
- -
-139,879.11
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
6
2
8
17
1
22
20
40
-6
32
14
11
20
Working Capital
- -
- -
- -
- -
- -
- -
3
4
3
3
3
2
2
6
4
3
4
LT Debt
1
1
1
1
7
6
16
28
19
59
72
111
98
82
67
62
74
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-91.31
-30.06
- -
- -
- -
- -
-107.53
- -
- -
- -
- -
- -
-1,044.38
-342.46
-200.52
-244.96
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
2
2
2
LT Borrowings
4
4
4
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
4
Market Capitalization
21
29
39

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
26
14
30
Cash, Cash Equivalents & STI
24
11
28
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
11
9
10
Payables & Accruals
- -
- -
- -
ST Debt
2
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
44.06%
0.37%
-7.2%
Free Cash Flow
37.77%
14.81%
6.29%
Net Income, GAAP
76.75%
78.42%
3.34%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-7.83
-3.78
-5.52
-36.41
-46.79
2024
-5.36
-4.35
-4.98
-4.97
-16.55
2025
-4.58
-1.97
- -
- -
-7.08

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Scandinavian Real Heart AB (Publ) Scandinavian Real Heart AB (Publ) (HEART.ST) develops artificial heart technologies and related medical devices to treat advanced heart failure patients awaiting transplants; its flagship product, Realheart TAH, is a total artificial heart that mimics the human heart's shape, function, and pulsating blood flow pattern; additional products in development include RealVAD, a pulsating left ventricular assist device, PulsePump for generating pulsating flow in heart-lung machines to protect vital organs during surgery, and Sternal Prosthesis to securely fixate the sternum post-open chest surgery, reducing healing time and complications. The company, founded in 2007 after initial research began in 1999 and headquartered in Västerås, Sweden, operates primarily in the medtech sector with a focus on biomedical engineering for cardiovascular applications and targets healthcare providers and patients with severe heart conditions globally. Recent developments include patent approvals granted in China and Japan in November 2025; receipt of approximately SEK 6.8 million from the European Innovation Council following a directed share issue; a Vinnova grant for assembly processes; a directed share issue of up to SEK 32 million; a proposed rights issue of about SEK 70 million for continued financing; and board chairman Oskar Mellgren's acquisition of 7,200 shares on November 24, 2025.