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Atlas Copco AB
(ATCO.B)
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Rating:73Outperform
Price Target:
kr193.00
▲(26.39% Upside)
Action:Reiterated
Date:07/17/26
The score is primarily supported by strong financial quality—durable margins, high ROE, and solid free-cash-flow generation. This is partially offset by a rich valuation (high P/E and modest yield) and mixed technical momentum, which temper near-term upside despite an intact longer-term uptrend.
Positive Factors
High and stable margins
Atlas Copco's sustained gross margins (~42–44%) and EBIT margins (~20–22%) indicate durable pricing power and operational efficiency across product lines. High margins support reinvestment in service networks and R&D, helping maintain profitability through normal industry cycles.
Negative Factors
Cooling revenue and earnings growth
Top-line growth has slowed and net income has eased versus the prior peak, signaling a maturing demand backdrop. Prolonged revenue weakness limits operating leverage and constrains medium-term EPS and FCF expansion unless offset by new markets or product-led growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
High and stable margins
Atlas Copco's sustained gross margins (~42–44%) and EBIT margins (~20–22%) indicate durable pricing power and operational efficiency across product lines. High margins support reinvestment in service networks and R&D, helping maintain profitability through normal industry cycles.
Read all positive factors
Atlas Copco AB (ATCO.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr942.01B
Dividend Yield1.65%
Average Volume (3M)1.28M
Price to Earnings (P/E)37.0
Beta (1Y)1.33
Revenue Growth-1.80%
EPS Growth-5.25%
CountrySE
Employees56,413
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)5.46
Shares Outstanding1,560,876,000
10 Day Avg. Volume1,322,930
30 Day Avg. Volume1,276,579
Financial Highlights & Ratios
PEG Ratio-2.47
Price to Book (P/B)6.58
Price to Sales (P/S)4.31
P/FCF Ratio25.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr215.00Price Target Upside40.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)6.14
Revenue Forecast (FY)kr181.78B
Atlas Copco AB Business Overview & Revenue Model
Company Description
Atlas Copco AB, along with its various subsidiaries, operates as a global industrial group focused on delivering cutting-edge productivity solutions. The company organizes its extensive operations into four distinct business areas: Compressor Tech...
How the Company Makes Money
Atlas Copco makes money mainly by selling industrial equipment (initial capital sales) and by generating recurring revenue from aftermarket support over the installed base of its equipment. Key revenue streams include: (1) Equipment sales: Revenue...
Atlas Copco AB Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 169.92B | 168.34B | 176.77B | 172.66B | 141.32B | 110.91B |
| Gross Profit | 71.68B | 72.21B | 75.74B | 75.12B | 59.38B | 46.53B |
| EBITDA | 44.77B | 43.64B | 47.50B | 45.12B | 36.07B | 28.61B |
| Net Income | 26.62B | 26.42B | 29.78B | 28.04B | 23.48B | 18.13B |
Balance Sheet | ||||||
| Total Assets | 215.59B | 202.45B | 208.54B | 188.21B | 172.30B | 136.68B |
| Cash, Cash Equivalents and Short-Term Investments | 15.36B | 15.92B | 19.33B | 11.22B | 11.85B | 19.58B |
| Total Debt | 35.86B | 34.90B | 34.71B | 32.59B | 36.30B | 24.85B |
| Total Liabilities | 109.09B | 92.07B | 94.78B | 96.59B | 92.31B | 69.07B |
| Stockholders Equity | 106.31B | 110.21B | 113.70B | 91.45B | 79.98B | 67.63B |
Cash Flow | ||||||
| Free Cash Flow | 27.91B | 28.28B | 30.86B | 22.63B | 16.35B | 19.79B |
| Operating Cash Flow | 31.45B | 32.57B | 36.89B | 28.08B | 21.38B | 23.15B |
| Investing Cash Flow | -16.37B | -17.62B | -13.32B | -9.39B | -15.50B | -6.12B |
| Financing Cash Flow | -20.86B | -16.37B | -15.86B | -18.28B | -14.65B | -10.32B |
Atlas Copco AB Technical Analysis
Positive
152.70
Price Trends
175.26
Positive
167.93
Positive
159.91
Positive
Market Momentum
-0.24
Positive
47.90
Neutral
23.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ATCO.B, the sentiment is Positive. The current price of 152.7 is below the 20-day moving average (MA) of 178.50, below the 50-day MA of 175.26, and below the 200-day MA of 159.91, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 47.90 is Neutral, neither overbought nor oversold. The STOCH value of 23.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ATCO.B.
Atlas Copco AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | kr942.01B | 36.96 | 23.93% | 1.65% | -1.80% | -5.25% | |
72 Outperform | kr229.73B | 28.03 | 18.42% | 1.61% | 3.87% | 2.11% | |
71 Outperform | kr300.76B | 35.88 | ― | 1.44% | -1.94% | -1.63% | |
69 Neutral | kr708.70B | 19.77 | 19.98% | 3.76% | -5.71% | -5.84% | |
63 Neutral | kr489.34B | 29.05 | 17.52% | 1.53% | 6.31% | 16.31% | |
57 Neutral | kr4.63B | 18.91 | ― | 3.04% | -5.51% | -14.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:ATCO.B
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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.