Alcadon Group AB (ALCA) AI Stock Analysis

Alcadon Group AB

(Nasdaq OMX AB:ALCA)

Select Model

Rating:50Neutral

Price Target:SEK 28.00▼(-6.98% Downside)

Action:reiterated

Date:08/19/26

The overall score is constrained by severe income statement weakness, including collapsing margins and net losses, and a negative P/E ratio. These are partially offset by a stable balance sheet with successful deleveraging and positive operating cash flow that provides a financial buffer. Technicals are neutral, offering no strong directional signal.

Positive Factors

Improving leverageLower leverage indicates a healthier capital structure and provides greater financial flexibility than in prior years. With total assets and equity sizable relative to debt, Alcadon is better positioned to fund operations and manage business volatility over the coming quarters.

Negative Factors

Revenue contractionA sustained revenue slowdown can reduce operating leverage and limit the company’s ability to grow earnings, particularly when margins are already modest. The retreat from earlier growth indicates that near-term business expansion is currently less dependable than its historical trend.

Alcadon Group AB (ALCA) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 732.88M
Dividend Yield: ―
Average Volume (3M): 28.31K
Price to Earnings (P/E): -230.0
Beta (1Y): -0.11
Revenue Growth: -9.23%
EPS Growth: -111.03%
Country: Sweden
Employees: 180
Sector: General
Sector Strength: 55
Industry: Communication Equipment

Alcadon Group AB Business Overview & Revenue Model

Company Description

Alcadon Group AB (publ), founded in 1988 and headquartered in Stockholm, Sweden, specializes in providing a full spectrum of data and telecommunications infrastructure solutions across Sweden, Norway, Denmark, and Germany. The company offers a divers...

How the Company Makes Money

Alcadon makes money primarily by selling network infrastructure products and solutions to business customers that build and maintain communications networks (e.g., installers/contractors, network operators, and other professional customers). The core...

Alcadon Group AB Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is stable with improved leverage (debt-to-equity 0.46x), and operating cash flow remains robust (109.8M TTM), covering net losses. However, the income statement is under severe pressure with a sharp revenue decline (-1.5%), a collapse in gross margins to ~5%, and a swing to net losses. Cash flow growth is also negative (-18.6% FCF).

Income Statement

35Negative

Balance Sheet

62Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.42B	1.43B	1.60B	1.57B	1.11B	736.47M
Gross Profit	73.60M	72.40M	405.80M	384.23M	283.60M	207.27M
EBITDA	118.70M	116.30M	117.90M	127.60M	83.66M	77.02M
Net Income	-3.10M	-11.10M	36.90M	37.86M	37.07M	47.20M
Balance Sheet
Total Assets	1.60B	1.51B	1.70B	1.58B	1.66B	722.80M
Cash, Cash Equivalents and Short-Term Investments	60.20M	66.00M	57.90M	62.52M	101.26M	28.37M
Total Debt	357.00M	408.00M	420.50M	412.15M	548.36M	180.17M
Total Liabilities	783.40M	744.30M	844.90M	911.48M	1.09B	382.09M
Stockholders Equity	818.90M	767.30M	856.20M	669.46M	575.14M	340.47M
Cash Flow
Free Cash Flow	106.30M	101.00M	119.30M	130.40M	12.30M	12.93M
Operating Cash Flow	109.80M	102.80M	125.00M	136.65M	24.08M	18.42M
Investing Cash Flow	-73.90M	-40.60M	-178.30M	-50.52M	-259.02M	-49.54M
Financing Cash Flow	-33.40M	-54.00M	45.30M	-125.00M	306.43M	53.87M

Alcadon Group AB Technical Analysis

Technical Analysis SentimentPositive

Last Price30.10

Price Trends

50DMA29.76Positive

100DMA30.60Negative

200DMA30.24Negative

Market Momentum

MACD0.02Negative

RSI53.37Neutral

STOCH83.33Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ALCA, the sentiment is Positive. The current price of 30.10 is above the 20-day moving average (MA) of 29.33, above the 50-day MA of 29.76, and below the 200-day MA of 30.24, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 53.37 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ALCA.

Alcadon Group AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:ALCA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:ERIC.B	70Outperform	SEK 363.74B	18.67	18.10%	2.75%	-3.96%	-21.11%
SE:HTRO	67Neutral	SEK 10.11B	28.61	8.51%	―	7.22%	153.68%
SE:EPEN	65Neutral	SEK 5.09B	27.16	10.92%	0.95%	13.36%	28.48%
SE:WAYS	58Neutral	SEK 347.26M	198.00	―	―	16.73%	202.62%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:NETI.B	52Neutral	SEK 894.06M	-21.82	-7.07%	―	-14.51%	-1025.00%
SE:ALCA	50Neutral	SEK 732.88M	-230.00	―	―	-9.23%	-111.03%

* General Sector Average

Performance Comparison

SE:ALCA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:ALCA	Alcadon Group AB	29.90	8.10	37.16%
SE:ERIC.B	Telefonaktiebolaget LM Ericsson Class B	109.05	14.46	15.29%
SE:EPEN	Beijer Electronics Group AB	157.80	36.72	30.33%
SE:HTRO	Hexatronic Group AB	45.78	25.27	123.21%
SE:NETI.B	Net Insight AB Class B	2.67	-1.06	-28.28%
SE:WAYS	Waystream Group AB	39.60	5.60	16.47%

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.

Date of analysis: Aug 19, 2026

Alcadon Group AB AI Stock Analysis