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Addtech AB Class B
(ADDT.B)
Select Model
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Rating:61Neutral
Price Target:
kr320.00
▼(-6.54% Downside)
Action:Reiterated
Date:10/27/26
The score is driven primarily by strong underlying financial performance (improving margins and high ROE), but it is held back by weakening cash conversion and meaningful leverage. Technicals are notably bearish (below key moving averages with negative MACD), and valuation is relatively expensive (high P/E with a modest yield), which further caps the overall score.
Positive Factors
Revenue and Margin Growth
Steady revenue expansion alongside higher gross and operating margins indicates improving earnings quality and operating effectiveness. If sustained, this combination can strengthen Addtech’s ability to reinvest, support subsidiaries, and compound profitability across its industrial distribution markets.
Negative Factors
Meaningful Leverage
Leverage is meaningful for a distributor and has increased in absolute terms alongside asset growth. While returns remain strong, debt can reduce financial flexibility, increase sensitivity to weaker operating conditions, and constrain Addtech’s ability to fund acquisitions or other investments internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Growth
Steady revenue expansion alongside higher gross and operating margins indicates improving earnings quality and operating effectiveness. If sustained, this combination can strengthen Addtech’s ability to reinvest, support subsidiaries, and compound profitability across its industrial distribution markets.
Read all positive factors
Addtech AB Class B (ADDT.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr83.84B
Dividend Yield1.16%
Average Volume (3M)448.46K
Price to Earnings (P/E)36.3
Beta (1Y)1.16
Revenue Growth4.32%
EPS Growth15.23%
CountrySE
Employees4,962
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)8.56
Shares Outstanding259,929,600
10 Day Avg. Volume476,524
30 Day Avg. Volume448,458
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)10.23
Revenue Forecast (FY)kr25.13B
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 makes money primarily by selling industrial products and engineered solutions sourced from external manufacturers and delivered to business and public-sector customers via its network of specialized subsidiaries. Its core revenue model is ...
Addtech AB Class B Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.49B | 22.70B | 21.80B | 20.02B | 18.71B | 14.04B |
| Gross Profit | 7.94B | 7.56B | 6.99B | 6.35B | 5.62B | 4.32B |
| EBITDA | 3.78B | 4.05B | 2.76B | 3.27B | 2.84B | 2.07B |
| Net Income | 2.31B | 2.15B | 1.89B | 1.63B | 1.50B | 1.07B |
Balance Sheet | ||||||
| Total Assets | 22.50B | 21.31B | 18.51B | 16.66B | 15.27B | 12.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.47B | 1.49B | 1.17B | 798.00M | 606.00M | 437.00M |
| Total Debt | 7.70B | 7.15B | 6.19B | 5.22B | 4.73B | 4.18B |
| Total Liabilities | 13.50B | 12.95B | 11.45B | 10.18B | 9.70B | 8.17B |
| Stockholders Equity | 8.48B | 7.81B | 6.63B | 5.97B | 5.18B | 3.93B |
Cash Flow | ||||||
| Free Cash Flow | 1.21B | 1.24B | 2.71B | 2.39B | 1.71B | 995.00M |
| Operating Cash Flow | 2.98B | 3.00B | 2.71B | 2.58B | 1.91B | 1.12B |
| Investing Cash Flow | -1.97B | -1.76B | -1.80B | -1.48B | -1.39B | -1.25B |
| Financing Cash Flow | -640.00M | -938.00M | -474.00M | -922.00M | -371.00M | 147.00M |
Addtech AB Class B Technical Analysis
Negative
342.40
Price Trends
329.32
Negative
332.06
Negative
324.39
Negative
Market Momentum
-6.82
Positive
38.54
Neutral
29.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ADDT.B, the sentiment is Negative. The current price of 342.4 is above the 20-day moving average (MA) of 322.47, above the 50-day MA of 329.32, and above the 200-day MA of 324.39, indicating a bearish trend. The MACD of -6.82 indicates Positive momentum. The RSI at 38.54 is Neutral, neither overbought nor oversold. The STOCH value of 29.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ADDT.B.
Addtech AB Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | kr79.64B | 31.85 | 10.70% | 0.96% | 4.32% | 2.06% | |
66 Neutral | kr46.68B | 35.33 | 29.82% | 1.09% | 16.99% | 21.47% | |
64 Neutral | kr96.84B | 34.43 | 15.59% | 1.17% | 5.59% | 5.36% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | kr83.84B | 36.29 | 28.37% | 1.16% | 4.32% | 15.23% | |
60 Neutral | kr25.51B | 32.60 | 18.20% | 0.97% | 8.13% | 32.45% | |
58 Neutral | kr6.95B | 26.38 | 13.53% | 1.60% | 1.00% | ― |
* Industrials Sector Average
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Addtech AB Class B Corporate Events
Addtech boosts UK energy infrastructure footprint with acquisition of Connectors & Switchgear
Oct 22, 2026
Addtech Energy, a business area within Addtech AB, has signed an agreement to acquire 100 percent of the shares in Connectors Switchgear Ltd, a UK-based developer and manufacturer of high-voltage connectors and related components for substations ...
Addtech Delivers Strong Half-Year Growth and Expands Niche Technology Portfolio
Oct 22, 2026
Addtech AB reported a strong second quarter and first half of the 2026/27 financial year, with net sales up 8 percent in the quarter and 7 percent for the period, and EBITA rising 17 percent and 14 percent respectively, supported by robust demand ...
Addtech Launches Long-Term Share-Based Incentive Scheme for Management
Oct 12, 2026
Addtech AB is a technical solutions group focused on advanced technology products and solutions, acting as an intermediary between manufacturers and customers in the manufacturing and infrastructure sectors. The group operates through more than 15...
Addtech Bolsters Power Transmission Portfolio with DePe Gear Acquisition
Oct 5, 2026
Addtech Industry, a business area within Addtech AB, has acquired 82 percent of UK-based Mechanical Power Transmission Ltd, which operates under the DePe Gear brand and specializes in custom-engineered gears, transmissions, and driveline component...
Addtech boosts defence and aerospace offering with acquisition of UK-based RTL Materials
Aug 28, 2026
Addtech Industry, a business area within Addtech AB, has acquired 100 percent of the shares in UK-based RTL Materials Ltd, which operates under the Rolatube brand. RTL develops and manufactures patented rollable composite structures and deployable...
Addtech AGM Approves Dividend, Incentive Plan and New Share Buyback Mandate
Aug 26, 2026
Addtech AB’s Annual General Meeting on 26 August 2026 approved a dividend of SEK 3.60 per share, adopted the 2025/2026 financial statements and discharged the board and president from liability, signalling confidence in the group’s per...
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.