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Addtech AB Class B
(ADDT.B)
Select Model
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Rating:68Neutral
Price Target:
kr367.00
▲(7.18% Upside)
Action:Reiterated
Date:07/15/26
The score is driven primarily by strong financial performance (improving margins, solid profitability, and high ROE), partially offset by moderate leverage and mixed cash conversion. Technicals are mildly supportive with the price above key moving averages but momentum is largely neutral. Valuation is the biggest constraint, with a high P/E and low dividend yield weighing on the overall score.
Positive Factors
Multi-year revenue growth and scale
Sustained multi-year top-line expansion demonstrates persistent demand and successful integration of acquisitions. Larger revenue scale supports purchasing leverage, spreads fixed costs, and strengthens bargaining power with suppliers and customers, underpinning durable earnings capacity over the medium term.
Negative Factors
Moderate leverage
Meaningful leverage reduces financial flexibility and increases interest and refinancing exposure in downturns. With debt-to-equity near 0.85–0.92, the group has less headroom for large, opportunistic acquisitions or to absorb cyclical demand shocks without impacting investment capacity or capital returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth and scale
Sustained multi-year top-line expansion demonstrates persistent demand and successful integration of acquisitions. Larger revenue scale supports purchasing leverage, spreads fixed costs, and strengthens bargaining power with suppliers and customers, underpinning durable earnings capacity over the medium term.
Read all positive factors
Addtech AB Class B (ADDT.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr89.18B
Dividend Yield1.08%
Average Volume (3M)322.39K
Price to Earnings (P/E)40.0
Beta (1Y)1.10
Revenue Growth3.78%
EPS Growth13.61%
CountrySE
Employees4,962
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)8.25
Shares Outstanding259,929,600
10 Day Avg. Volume374,909
30 Day Avg. Volume322,392
Financial Highlights & Ratios
PEG Ratio2.98
Price to Book (P/B)10.98
Price to Sales (P/S)3.78
P/FCF Ratio69.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)10.15
Revenue Forecast (FY)kr24.80B
Addtech AB Class B Business Overview & Revenue Model
Company Description
Addtech AB (publ.) is a technology trading group active across the Nordic region, wider Europe, and international markets. It operates through five core segments: Automation, Electrification, Energy, Industrial Solutions, and Process Technology. A...
How the Company Makes Money
Addtech primarily makes money by selling industrial and infrastructure-related products and solutions through its network of operating subsidiaries. Revenue is generated mainly from (1) distribution/trading of technical components and equipment—wh...
Addtech AB Class B Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.04B | 22.70B | 21.80B | 20.02B | 18.71B | 14.04B |
| Gross Profit | 7.73B | 7.56B | 6.99B | 6.35B | 5.62B | 4.32B |
| EBITDA | 3.80B | 3.70B | 2.76B | 3.27B | 2.84B | 2.07B |
| Net Income | 2.22B | 2.15B | 1.89B | 1.63B | 1.50B | 1.07B |
Balance Sheet | ||||||
| Total Assets | 21.83B | 21.31B | 18.51B | 16.66B | 15.27B | 12.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.40B | 1.49B | 1.17B | 798.00M | 606.00M | 437.00M |
| Total Debt | 6.83B | 7.15B | 6.19B | 5.22B | 4.73B | 4.18B |
| Total Liabilities | 12.66B | 12.95B | 11.45B | 10.18B | 9.70B | 8.17B |
| Stockholders Equity | 8.60B | 7.81B | 6.63B | 5.97B | 5.18B | 3.93B |
Cash Flow | ||||||
| Free Cash Flow | 1.36B | 1.24B | 2.71B | 2.39B | 1.71B | 995.00M |
| Operating Cash Flow | 3.12B | 3.00B | 2.71B | 2.58B | 1.91B | 1.12B |
| Investing Cash Flow | -1.82B | -1.76B | -1.80B | -1.48B | -1.39B | -1.25B |
| Financing Cash Flow | -969.00M | -938.00M | -474.00M | -922.00M | -371.00M | 147.00M |
Addtech AB Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr90.94B | 33.91 | 15.37% | 1.25% | 2.02% | -0.48% | |
68 Neutral | kr89.18B | 40.05 | 28.86% | 1.08% | 3.78% | 13.61% | |
67 Neutral | kr26.11B | 37.08 | 16.99% | 0.95% | 4.63% | 18.42% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | kr45.45B | 36.61 | 29.32% | 1.10% | 14.91% | 18.06% | |
61 Neutral | kr6.97B | 30.65 | 12.00% | 1.58% | -1.23% | ― | |
61 Neutral | kr70.46B | 29.81 | 10.47% | 1.08% | -0.16% | -0.47% |
* Industrials Sector Average
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Addtech AB Class B Corporate Events
Addtech calls 2026 AGM with expanded postal voting options
Jul 16, 2026
Addtech AB has issued a formal notice convening its Annual General Meeting, scheduled for the afternoon of 26 August 2026 at IVA’s Konferenscenter in central Stockholm. The company is maintaining a hybrid participation model, allowing shareh...
Addtech lifts margins and cash flow on strong demand in electrification and infrastructure
Jul 14, 2026
Addtech AB reported a solid start to its 2026/27 financial year, with first-quarter net sales rising 6 percent to SEK 6.17 billion and EBITA increasing 11 percent, lifting the margin to 16.6 percent. Profit after tax climbed 12 percent, earnings p...
Addtech AB Publishes 2025/2026 Annual Report in ESEF Format
Jul 2, 2026
Addtech AB has published its Annual Report for the 2025/2026 financial year, making the document available to investors and other stakeholders via the company’s website in downloadable pdf format. The report is also issued in a Swedish versi...
Addtech boosts margins and cash flow as acquisitions fuel profitable growth
May 20, 2026
Addtech reported modest top-line growth but strong profitability for the year to 31 March 2026, with net sales up 4 percent to SEK 22.7 billion and EBITA rising 12 percent to SEK 3.6 billion, lifting the EBITA margin to a record 16.0 percent. Cash...
Addtech boosts rail-focused electrification portfolio with Nijhuis Engineering acquisition
May 19, 2026
Addtech Electrification has acquired Dutch company Nijhuis Engineering B.V., a specialist in patented system solutions for road and rail construction machinery, including safety, load handling and electrical conversion systems sold mainly under it...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.