Alcadon Group AB (ALCA) AI Stock Analysis

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Alcadon Group AB

(Nasdaq OMX AB:ALCA)

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Rating:57Neutral

Price Target:SEK 32.00▲(3.56% Upside)

Action:reiterated

Date:11/06/26

The score is held back primarily by weak profitability and a very expensive valuation (high P/E). Offsetting these are strong cash flow generation and improving leverage, while technical indicators are modestly supportive with the stock trading above key moving averages and positive MACD.

Positive Factors

Cash GenerationStrong operating and free cash flow indicate that the company converts its business activity into cash effectively, supporting reinvestment, debt service, and resilience through weaker earnings periods. This provides financial flexibility even while reported profitability remains thin.

Negative Factors

Margin CompressionThe sharp decline in gross margin has materially weakened earnings quality and leaves little room for execution errors or cost increases. Unless margins recover, revenue growth will translate into limited incremental profit and returns will remain structurally subdued.

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

Market Cap: SEK 752.49M
Dividend Yield: ―
Average Volume (3M): 30.35K
Price to Earnings (P/E): 181.8
Beta (1Y): -0.12
Revenue Growth: -4.14%
EPS Growth: -86.52%
Country: Sweden
Employees: 177
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...

Alcadon Group AB Financial Statement Overview

Summary

Financials are mixed: cash generation is a clear strength (solid operating cash flow and free cash flow materially above net income), and leverage has improved (lower debt-to-equity). However, profitability is currently very weak with sharply compressed gross margin (~5.5%) and a very thin net margin (~0.3%), keeping returns (ROE ~0.5%) low.

Income Statement

54Neutral

Balance Sheet

62Positive

Cash Flow

71Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.45B	1.43B	1.60B	1.57B	1.11B	736.47M
Gross Profit	79.30M	72.40M	405.80M	384.23M	283.60M	207.27M
EBITDA	120.80M	116.30M	117.90M	127.60M	83.66M	77.02M
Net Income	4.20M	-11.10M	36.90M	37.86M	37.07M	47.20M
Balance Sheet
Total Assets	1.65B	1.51B	1.70B	1.58B	1.66B	722.80M
Cash, Cash Equivalents and Short-Term Investments	55.00M	66.00M	57.90M	62.52M	101.26M	28.37M
Total Debt	351.50M	408.00M	420.50M	412.15M	548.36M	180.17M
Total Liabilities	793.30M	744.30M	844.90M	911.48M	1.09B	382.09M
Stockholders Equity	858.20M	767.30M	856.20M	669.46M	575.14M	340.47M
Cash Flow
Free Cash Flow	90.10M	101.00M	119.30M	130.40M	12.30M	12.93M
Operating Cash Flow	94.80M	102.80M	125.00M	136.65M	24.08M	18.42M
Investing Cash Flow	-48.60M	-40.60M	-178.30M	-50.52M	-259.02M	-49.54M
Financing Cash Flow	-32.30M	-54.00M	45.30M	-125.00M	306.43M	53.87M

Alcadon Group AB Technical Analysis

Technical Analysis SentimentPositive

Last Price30.90

Price Trends

50DMA29.79Positive

100DMA30.55Positive

200DMA30.39Positive

Market Momentum

MACD0.28Negative

RSI62.70Neutral

STOCH63.73Neutral

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 30.90 is above the 20-day moving average (MA) of 29.82, above the 50-day MA of 29.79, and above the 200-day MA of 30.39, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 62.70 is Neutral, neither overbought nor oversold. The STOCH value of 63.73 is Neutral, 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 343.24B	17.50	18.10%	2.94%	-3.96%	-21.11%
SE:EPEN	65Neutral	SEK 4.80B	25.23	10.92%	1.02%	13.36%	28.48%
SE:HTRO	61Neutral	SEK 8.40B	22.76	8.51%	―	7.22%	153.68%
SE:WAYS	58Neutral	SEK 330.60M	189.00	―	―	16.73%	202.62%
SE:ALCA	57Neutral	SEK 752.49M	181.76	―	―	-4.14%	-86.52%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:NETI.B	52Neutral	SEK 830.56M	-20.35	-7.07%	―	-14.51%	-1025.00%

* 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	30.90	8.50	37.95%
SE:ERIC.B	Telefonaktiebolaget LM Ericsson Class B	102.20	12.58	14.04%
SE:EPEN	Beijer Electronics Group AB	146.60	34.62	30.92%
SE:HTRO	Hexatronic Group AB	36.41	18.55	103.86%
SE:NETI.B	Net Insight AB Class B	2.50	-1.70	-40.45%
SE:WAYS	Waystream Group AB	37.80	4.70	14.20%

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: Nov 06, 2026

Alcadon Group AB AI Stock Analysis