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Alleima AB
(ALLEI)
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Rating:64Neutral
Price Target:
kr127.00
▲(10.05% Upside)
Action:Reiterated
Date:07/20/26
The score is driven primarily by solid financial resilience (notably very low leverage) alongside positive but uneven cash generation, offset by materially compressed profitability versus prior peak years. Technically, the stock shows strong upward trend and momentum, but overbought readings add near-term risk. Valuation is the key headwind, with a very high P/E that is hard to support given current margin and return levels.
Positive Factors
Very low leverage
Alleima’s conservative capital structure reduces refinancing pressure and preserves financial flexibility through industrial cycles. Low leverage should leave the company better positioned to fund essential investment, manage downturns, and pursue opportunities without excessive dependence on borrowing.
Negative Factors
Compressed profitability
Profitability has weakened materially from prior peak years, indicating that revenue growth has not translated proportionately into earnings. Persistently lower EBIT and net margins would reduce resilience to cost or pricing pressure and limit the earnings benefit from any future sales recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Alleima’s conservative capital structure reduces refinancing pressure and preserves financial flexibility through industrial cycles. Low leverage should leave the company better positioned to fund essential investment, manage downturns, and pursue opportunities without excessive dependence on borrowing.
Read all positive factors
Alleima AB (ALLEI) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr28.55B
Dividend Yield2.19%
Average Volume (3M)224.66K
Price to Earnings (P/E)31.3
Beta (1Y)1.13
Revenue Growth-6.76%
EPS Growth-19.29%
CountrySE
Employees6,373
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)3.65
Shares Outstanding250,877,180
10 Day Avg. Volume242,004
30 Day Avg. Volume224,659
Financial Highlights & Ratios
PEG Ratio-0.68
Price to Book (P/B)1.24
Price to Sales (P/S)1.10
P/FCF Ratio23.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr100.00Price Target Upside-13.34% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)4.89
Revenue Forecast (FY)kr18.66B
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 alloy...
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...
Alleima AB Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
84
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.19B | 18.63B | 19.69B | 20.67B | 18.41B | 13.85B |
| Gross Profit | 3.73B | 3.46B | 3.95B | 4.58B | 4.71B | 3.47B |
| EBITDA | 2.34B | 1.88B | 2.37B | 3.06B | 2.84B | 2.43B |
| Net Income | 913.00M | 671.00M | 1.22B | 1.57B | 1.47B | 1.21B |
Balance Sheet | ||||||
| Total Assets | 23.41B | 22.53B | 23.85B | 23.00B | 23.44B | 19.89B |
| Cash, Cash Equivalents and Short-Term Investments | 1.32B | 1.89B | 1.91B | 1.59B | 892.00M | 1.66B |
| Total Debt | 1.07B | 437.00M | 1.67B | 509.00M | 401.00M | 1.84B |
| Total Liabilities | 6.51B | 6.01B | 7.23B | 7.26B | 7.59B | 8.13B |
| Stockholders Equity | 16.89B | 16.52B | 16.61B | 15.73B | 15.90B | 11.66B |
Cash Flow | ||||||
| Free Cash Flow | 772.00M | 858.00M | 928.00M | 1.41B | 9.00M | 657.00M |
| Operating Cash Flow | 1.83B | 2.01B | 2.12B | 2.23B | 687.00M | 1.15B |
| Investing Cash Flow | -1.04B | -1.23B | -1.19B | -988.00M | -968.00M | -507.00M |
| Financing Cash Flow | -785.00M | -729.00M | -660.00M | -503.00M | -341.00M | 1.44B |
Alleima AB Technical Analysis
Neutral
115.40
Price Trends
112.02
Positive
99.77
Positive
89.02
Positive
Market Momentum
0.92
Positive
45.13
Neutral
2.63
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ALLEI, the sentiment is Neutral. The current price of 115.4 is below the 20-day moving average (MA) of 117.29, above the 50-day MA of 112.02, and above the 200-day MA of 89.02, indicating a neutral trend. The MACD of 0.92 indicates Positive momentum. The RSI at 45.13 is Neutral, neither overbought nor oversold. The STOCH value of 2.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:ALLEI.
Alleima AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr746.76M | 39.26 | 25.77% | 4.25% | -19.19% | -43.88% | |
64 Neutral | kr28.55B | 31.27 | ― | 2.19% | -6.76% | -19.29% | |
63 Neutral | kr17.46B | 14.48 | 11.94% | 2.01% | 22.70% | 21.29% | |
62 Neutral | kr103.21B | 18.41 | 8.10% | 1.93% | -1.26% | 24.28% | |
59 Neutral | kr9.57B | 14.07 | 9.30% | 4.40% | -3.25% | 125.54% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | kr595.93M | -10.70 | -4.77% | 13.33% | -8.92% | 91.90% |
* General Sector Average
SE:ALLEI
Alleima AB
114.00
46.17
68.06%
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SE:SSAB.B
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99.24%
SE:SINT
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SE:BEGR
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30.60
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18.38%
Alleima AB Corporate Events
Alleima invests SEK 220 million to expand advanced tubing production in India
Aug 26, 2026
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 p...
Alleima Delivers Strong Q2 on Margin Gains and Nuclear Capacity Investment
Jul 17, 2026
Alleima reported a solid second quarter of 2026, with revenues up 3 percent year-on-year to SEK 4,896 million and organic growth of 2 percent, driven by strong demand in Medical, Industrial Heating and aerospace seamless titanium tubes. Adjusted o...
Alleima Wins SEK 995 Million Umbilical Tubing Order for Major Indonesian Offshore Project
Jun 10, 2026
Alleima has secured a major order worth approximately SEK 995 million to supply advanced umbilical tubes to a global subsea technology provider for one of Indonesia’s largest recent energy developments. The order, booked in the second quarte...
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.