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Assa Abloy
(ASSA.B)
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Rating:72Outperform
Price Target:
kr425.00
▲(19.18% Upside)
Action:Reiterated
Date:10/29/26
The score is driven primarily by strong financial performance—healthy profitability, good cash conversion, and improving leverage. Offsetting this, technicals look overbought despite a strong uptrend, and valuation is relatively rich (P/E ~25 with a modest ~1.6% yield), which can cap near-term upside.
Positive Factors
Strong profitability
Assa Abloy’s strong gross, operating, and net margins indicate meaningful profitability across its access-solutions portfolio. Improving margins can support reinvestment, strengthen resilience through business cycles, and provide a durable base for earnings generation over the next several quarters.
Negative Factors
Uneven revenue growth
The uneven revenue trajectory indicates that growth has not been consistently steady across periods. A flat year followed by a sharp TTM rebound may make forward planning and capacity allocation less predictable, while exposing results to fluctuations in construction, renovation, and project demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
Assa Abloy’s strong gross, operating, and net margins indicate meaningful profitability across its access-solutions portfolio. Improving margins can support reinvestment, strengthen resilience through business cycles, and provide a durable base for earnings generation over the next several quarters.
Read all positive factors
Assa Abloy (ASSA.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr424.87B
Dividend Yield1.61%
Average Volume (3M)1.67M
Price to Earnings (P/E)25.1
Beta (1Y)1.02
Revenue Growth0.27%
EPS Growth15.51%
CountrySE
Employees64,426
SectorGeneral
Sector StrengthN/A
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)15.26
Shares Outstanding1,055,050,400
10 Day Avg. Volume1,804,478
30 Day Avg. Volume1,667,863
Financial Highlights & Ratios
PEG Ratio-4.49
Price to Book (P/B)3.92
Price to Sales (P/S)2.62
P/FCF Ratio21.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr397.50Price Target Upside11.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)16.17
Revenue Forecast (FY)kr158.11B
Assa Abloy Business Overview & Revenue Model
Company Description
Operating globally across Europe, the Middle East, Africa, the Americas, Asia, and Oceania, ASSA ABLOY AB (publ) delivers a comprehensive range of products, solutions, and services related to door access. These offerings cater to diverse sectors, ...
How the Company Makes Money
ASSA ABLOY primarily makes money by selling access-related products and solutions through multiple channels (e.g., distributors, wholesalers, retailers, integrators, locksmith networks, and direct/contract sales to large commercial or institutiona...
Assa Abloy Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 154.09B | 152.41B | 150.16B | 140.72B | 120.79B | 95.01B |
| Gross Profit | 66.76B | 64.97B | 62.73B | 56.50B | 47.93B | 37.78B |
| EBITDA | 31.91B | 29.20B | 29.85B | 26.95B | 22.66B | 18.02B |
| Net Income | 16.96B | 14.70B | 15.64B | 13.63B | 13.29B | 10.90B |
Balance Sheet | ||||||
| Total Assets | 234.77B | 208.72B | 223.63B | 197.48B | 154.56B | 129.97B |
| Cash, Cash Equivalents and Short-Term Investments | 3.36B | 1.40B | 4.53B | 1.70B | 3.42B | 4.33B |
| Total Debt | 66.06B | 65.35B | 73.50B | 65.19B | 33.73B | 28.75B |
| Total Liabilities | 115.55B | 106.65B | 116.52B | 105.83B | 68.54B | 60.38B |
| Stockholders Equity | 119.03B | 101.60B | 107.07B | 91.63B | 86.01B | 69.58B |
Cash Flow | ||||||
| Free Cash Flow | 21.91B | 18.81B | 19.33B | 18.93B | 12.36B | 10.74B |
| Operating Cash Flow | 25.04B | 21.41B | 21.39B | 21.29B | 14.36B | 12.46B |
| Investing Cash Flow | -9.57B | -13.16B | -13.93B | -47.90B | -10.56B | -3.09B |
| Financing Cash Flow | -15.41B | -11.18B | -4.45B | 24.73B | -4.70B | -7.81B |
Assa Abloy Technical Analysis
Positive
356.60
Price Trends
353.72
Positive
349.41
Positive
351.91
Positive
Market Momentum
6.61
Negative
74.27
Negative
96.54
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ASSA.B, the sentiment is Positive. The current price of 356.6 is below the 20-day moving average (MA) of 357.20, above the 50-day MA of 353.72, and above the 200-day MA of 351.91, indicating a bullish trend. The MACD of 6.61 indicates Negative momentum. The RSI at 74.27 is Negative, neither overbought nor oversold. The STOCH value of 96.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ASSA.B.
Assa Abloy Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | kr31.39B | 20.80 | ― | 2.48% | 4.26% | 30.00% | |
75 Outperform | kr31.02B | 24.56 | 41.64% | 1.41% | 9.82% | 33.55% | |
72 Outperform | kr424.87B | 25.07 | 15.41% | 1.61% | 0.27% | 15.51% | |
67 Neutral | kr35.35B | 19.72 | 14.93% | 2.70% | -1.94% | 8.99% | |
66 Neutral | kr88.06B | 12.46 | 17.04% | 3.19% | -4.70% | 40.25% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €10.36B | -86.21 | ― | 1.00% | 9.90% | -38.94% |
* General Sector Average
SE:ASSA.B
Assa Abloy
386.80
32.07
9.04%
SE:CLAS.B
Clas Ohlson AB
484.80
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41.85%
SE:LOOMIS
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540.00
172.59
46.98%
SE:SECU.B
Securitas AB
153.30
17.51
12.90%
SE:BRAV
Bravida Holding AB
153.10
74.62
95.08%
SE:VSURE
Verisure Plc
10.50
-5.43
-34.08%
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.