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AQ Group AB
(AQ)
Select Model
Select Model
Rating:64Neutral
Price Target:
kr265.00
▲(22.01% Upside)
Action:Reiterated
Date:07/15/26
The score is primarily supported by strong balance-sheet conservatism and steady operating profitability. It is held back by volatile cash-flow conversion and a recent decline in free cash flow, alongside a relatively high P/E and only a modest dividend yield. Technical signals are mixed with negative momentum indicators offsetting a still-supportive longer-term trend.
Positive Factors
Conservative balance sheet
Very low leverage and declining debt give AQ meaningful financial flexibility through industrial cycles. A stronger equity base and contained balance-sheet risk can support investment, customer programs, and resilience without relying heavily on external financing.
Negative Factors
Volatile cash-flow conversion
Cash generation is less dependable than reported profitability, with a material recent decline and a history of negative free cash flow. This variability may constrain self-funded investment and makes working-capital or investment demands an important factor in assessing earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and declining debt give AQ meaningful financial flexibility through industrial cycles. A stronger equity base and contained balance-sheet risk can support investment, customer programs, and resilience without relying heavily on external financing.
Read all positive factors
AQ Group AB (AQ) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr21.70B
Dividend Yield0.77%
Average Volume (3M)94.30K
Price to Earnings (P/E)30.5
Beta (1Y)1.20
Revenue Growth7.61%
EPS Growth7.18%
CountrySE
Employees7,848
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)7.67
Shares Outstanding91,732,790
10 Day Avg. Volume75,574
30 Day Avg. Volume94,304
Financial Highlights & Ratios
PEG Ratio17.66
Price to Book (P/B)3.87
Price to Sales (P/S)1.99
P/FCF Ratio26.56
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)8.43
Revenue Forecast (FY)kr9.92B
AQ Group AB Business Overview & Revenue Model
Company Description
AQ Group AB (publ) is a Swedish enterprise specializing in the manufacturing and distribution of industrial components and systems. The company serves a diverse client base across Sweden, other European nations, and globally. Its operations are st...
How the Company Makes Money
AQ makes money primarily by manufacturing and delivering industrial components, assemblies, and complete subsystems to business customers under contract-manufacturing and build-to-print/build-to-spec arrangements. Revenue is generated when custome...
AQ Group AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.37B | 9.07B | 8.55B | 8.97B | 7.05B | 5.47B |
| Gross Profit | 2.81B | 804.00M | 4.29B | 741.00M | 3.29B | 2.67B |
| EBITDA | 1.22B | 1.18B | 1.16B | 1.08B | 769.00M | 691.00M |
| Net Income | 704.00M | 676.00M | 665.00M | 632.00M | 410.00M | 366.00M |
Balance Sheet | ||||||
| Total Assets | 7.50B | 6.91B | 6.57B | 5.96B | 5.70B | 4.70B |
| Cash, Cash Equivalents and Short-Term Investments | 849.00M | 992.00M | 919.00M | 426.00M | 231.00M | 283.00M |
| Total Debt | 436.00M | 565.00M | 635.00M | 717.00M | 1.04B | 844.00M |
| Total Liabilities | 2.45B | 2.22B | 2.16B | 2.20B | 2.52B | 2.07B |
| Stockholders Equity | 5.04B | 4.67B | 4.39B | 3.74B | 3.16B | 2.62B |
Cash Flow | ||||||
| Free Cash Flow | 564.00M | 680.00M | 1.01B | 727.00M | -80.00M | 46.00M |
| Operating Cash Flow | 807.00M | 921.00M | 1.20B | 980.00M | 208.00M | 238.00M |
| Investing Cash Flow | -246.00M | -307.00M | -265.00M | -252.00M | -283.00M | -391.00M |
| Financing Cash Flow | -610.00M | -509.00M | -448.00M | -528.00M | 12.00M | -26.00M |
AQ Group AB Technical Analysis
Positive
217.20
Price Trends
219.86
Positive
221.17
Positive
208.45
Positive
Market Momentum
6.22
Negative
56.50
Neutral
69.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AQ, the sentiment is Positive. The current price of 217.2 is below the 20-day moving average (MA) of 230.23, below the 50-day MA of 219.86, and above the 200-day MA of 208.45, indicating a bullish trend. The MACD of 6.22 indicates Negative momentum. The RSI at 56.50 is Neutral, neither overbought nor oversold. The STOCH value of 69.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:AQ.
AQ Group AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | kr24.52B | 35.97 | 23.72% | 1.01% | 6.64% | 12.05% | |
78 Outperform | kr26.61B | 37.08 | 16.99% | 0.95% | 4.63% | 18.42% | |
64 Neutral | kr21.70B | 30.46 | 14.68% | 0.77% | 7.61% | 7.18% | |
64 Neutral | kr86.43B | 38.30 | 28.86% | 1.14% | 3.78% | 13.61% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | kr6.77B | 28.67 | 12.00% | 1.71% | -1.23% | ― | |
48 Neutral | kr8.77B | 264.32 | 1.59% | 1.81% | -0.27% | -89.49% |
* Industrials Sector Average
SE:AQ
AQ Group AB
233.60
60.26
34.77%
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AQ Group AB Corporate Events
AQ Group expands U.S. inductive components footprint with Norlake asset acquisition
Sep 22, 2026
AQ Group has acquired certain operating assets and related real estate from U.S. transformer and inductor maker Norlake in Cleveland, Ohio, paying USD 1.4 million and assuming roughly USD 12 million of liabilities, for properties estimated to be w...
AQ Group lifts profit margin target after strong Q2 2026
Jul 14, 2026
AQ Group AB reported a robust second quarter of 2026, with net sales rising 10% to SEK 2,577 million and operating profit increasing 17% to SEK 255 million, lifting the profit margin before tax to 9.9%. Earnings per share before dilution improved ...
AQ Group Raises Profitability Target to Strengthen Growth Ambitions
Jul 14, 2026
AQ Group AB, a global industrial manufacturer of components and systems listed on Nasdaq Stockholm, has built its business around specialized operating companies that jointly deliver cost-effective solutions to demanding customers. With operations...
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.