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Alleima AB (ALLEI) AI Stock Analysis
Alleima AB
(Nasdaq OMX AB:ALLEI)
The score is anchored by solid and improving financial performance, particularly a very resilient balance sheet, but is held back by weak technical trend signals (price below key moving averages and negative MACD) and a relatively high P/E for a cyclical business. The latest earnings call adds a modestly positive tilt due to strong pockets of demand and capacity expansion, but mixed Q4 conditions and OCTG/under-absorption risks limit upside.
Alleima AB (ALLEI) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 22.85B
- Dividend Yield
- 2.74%
- Average Volume (3M)
- 241.33K
- Price to Earnings (P/E)
- 22.1
- Beta (1Y)
- 1.00
- Revenue Growth
- -5.24%
- EPS Growth
- 5.48%
- Country
- Sweden
- Employees
- 6,387
- Sector
- General
- Sector Strength
- 55
- Industry
- Steel
Alleima AB Business Overview & Revenue Model
Company Description
Alleima AB (publ), a global company established in 1862 and headquartered in Sandviken, Sweden, focuses on the innovation, production, and distribution of high-value products. Its core expertise lies in advanced stainless steels, specialized alloys,...
How the Company Makes Money
Alleima primarily makes money by selling specialty materials and engineered products—most notably advanced stainless steel and alloy products (including tubing and related engineered solutions)—to industrial customers that require high-performance ma...
Alleima AB Earnings Call Summary
The call presented a mixed picture. Kanthal, industrial heating, medical, umbilicals, nuclear order activity, cash flow, savings and the financial position were strong, while the overall quarter was held back by weak OCTG demand linked to the Middle East, lower revenue and order intake, Tube and Strip pressure, higher injury rates, and slower steam generator tube production. Management expected continued uneven conditions and some fourth-quarter under-absorption, although it also highlighted capacity expansion and strong momentum in selected businesses.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For the fourth quarter, Alemus expects “continued mixed market activity”: umbilicals, industrial heating, medical, nuclear, and aerospace “are strong with solid backlog” and “good momentum going forward,” while OCTG, industrial, and chem-petrochem have shorter backlogs, with “lower volumes” and “some under absorption effects in tube”; nuclear is expected to have a “negative impact also in quarter 4” from the lower than planned production pace. Full-year CapEx guidance was lowered to SEK 1 billion from SEK 1.1 billion, currencies based on the rates per the October 21 are expected to have a positive transaction and translation effect on EBIT of about SEK 100 million in the fourth quarter, metals are expected to have a neutral effect on EBIT in the fourth quarter, and normalized tax guidance remains at 23% to 25% for the full year. The new steam generator mill should be at full pace end of the year and will roughly add roughly 60% capacity to steam generated tubes.
Alleima AB Financial Statement Overview
Summary
Improving TTM momentum with ~19% revenue growth and better profitability versus 2025, supported by a very strong, low-leverage balance sheet (debt-to-equity ~0.06). Offsetting this, margins/returns remain below 2022–2023 peak levels and cash conversion is only moderate (FCF ~42% of net income), limiting the score.
Income Statement
62PositiveBalance Sheet
86Very PositiveCash Flow
55Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.22B | 18.63B | 19.69B | 20.67B | 18.41B | 13.85B |
| Gross Profit | 3.88B | 3.46B | 3.95B | 4.58B | 4.71B | 3.47B |
| EBITDA | 2.50B | 1.88B | 2.37B | 3.06B | 2.84B | 2.43B |
| Net Income | 1.03B | 671.00M | 1.22B | 1.57B | 1.47B | 1.21B |
Balance Sheet | ||||||
| Total Assets | 23.58B | 22.53B | 23.85B | 23.00B | 23.44B | 19.89B |
| Cash, Cash Equivalents and Short-Term Investments | 1.55B | 1.89B | 1.91B | 1.59B | 892.00M | 1.66B |
| Total Debt | 1.01B | 437.00M | 1.67B | 509.00M | 401.00M | 1.84B |
| Total Liabilities | 6.20B | 6.01B | 7.23B | 7.26B | 7.59B | 8.13B |
| Stockholders Equity | 17.38B | 16.52B | 16.61B | 15.73B | 15.90B | 11.66B |
Cash Flow | ||||||
| Free Cash Flow | 773.00M | 858.00M | 928.00M | 1.41B | 9.00M | 657.00M |
| Operating Cash Flow | 1.81B | 2.01B | 2.12B | 2.23B | 687.00M | 1.15B |
| Investing Cash Flow | -999.00M | -1.23B | -1.19B | -988.00M | -968.00M | -507.00M |
| Financing Cash Flow | -792.00M | -729.00M | -660.00M | -503.00M | -341.00M | 1.44B |
Alleima AB Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ALLEI, the sentiment is Negative. The current price of 91.30 is below the 20-day moving average (MA) of 107.06, below the 50-day MA of 113.07, and below the 200-day MA of 94.73, indicating a bearish trend. The MACD of -6.72 indicates Positive momentum. The RSI at 23.14 is Positive, neither overbought nor oversold. The STOCH value of 6.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ALLEI.
Alleima AB Peers Comparison
Overall Rating
SE:SINT71Outperform- SE:ALLEI62Neutral
SE:SSAB.B58Neutral
SE:LIAB57Neutral
SE:GRNG52Neutral
SE:BEGR46Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SE:SINT | 71Outperform | SEK 743.24M | 38.89 | 25.77% | 4.29% | -19.19% | -43.88% |
| SE:ALLEI | 62Neutral | SEK 22.86B | 22.13 | ― | 2.74% | -5.24% | 5.48% |
| SE:SSAB.B | 58Neutral | SEK 97.83B | 17.05 | 8.05% | 2.06% | 2.90% | 14.62% |
| SE:LIAB | 57Neutral | SEK 10.06B | 21.39 | 6.36% | 4.28% | -2.67% | -13.35% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| SE:GRNG | 52Neutral | SEK 18.17B | 13.51 | 12.89% | 1.93% | 26.72% | 42.01% |
| SE:BEGR | 46Neutral | SEK 467.40M | -24.73 | -1.83% | ― | -1.61% | 97.59% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:ALLEI | Alleima AB | 91.30 | 15.27 | 20.09% | |
| SE:GRNG | Granges AB | 171.00 | 37.62 | 28.21% | |
| SE:LIAB | Lindab International AB | 130.90 | -77.94 | -37.32% | |
| SE:SSAB.B | SSAB Corporation | 97.18 | 40.40 | 71.14% | |
| SE:SINT | SinterCast AB | 105.00 | 0.50 | 0.48% | |
| SE:BEGR | BE Group AB | 23.00 | -3.05 | -11.71% |
Alleima AB Corporate Events
Alleima Posts Mixed Q3 as Tube Weakness Offsets Kanthal Growth
Alleima reported a mixed performance in the third quarter of 2026, as revenues edged up to SEK 4,257 million while rolling 12‑month order intake declined four percent, reflecting softer demand in several tube‑related markets. The Tube div...
Alleima wins key Sizewell C nuclear tubing order in UK
Alleima has secured a significant order to supply nuclear tubes and pipes for the UK’s Sizewell C nuclear power project in Suffolk, covering applications close to the two planned EPR1600 reactors. The contract, booked in the fourth quarter of 2...
Alleima Sets Investor Webcast for Q3 2026 Report
Alleima AB is a global manufacturer of high value-added products in advanced stainless steels, special alloys and industrial heating solutions. The Sandviken, Sweden-based group serves demanding applications in energy, chemical and aerospace industri...
Alleima Names Nomination Committee Ahead of 2027 AGM
Alleima AB has appointed the Nomination Committee that will prepare key governance proposals ahead of the company’s 2027 Annual General Meeting, in line with an instruction adopted at the 2024 AGM. The committee comprises representatives from t...
Alleima invests SEK 220 million to expand advanced tubing production in India
Alleima AB, a specialist in advanced stainless steel and special alloy products, serves demanding sectors such as energy, chemical, aerospace, white goods and medical technology. Its integrated value chain and focus on high-performance materials posi...
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: Oct 27, 2026