Actic Group AB (ATIC) AI Stock Analysis

Actic Group AB

(Nasdaq OMX AB:ATIC)

Select Model

Rating:56Neutral

Price Target:SEK 26.00▲(0.97% Upside)

Action:reiterated

Date:10/27/26

Actic scores in the middle of the range. The financial profile is improving, with reliable free cash flow, restored profitability and debt cut by nearly 30% since 2021, but leverage is still high at 2.7x debt-to-equity and revenue has flat-lined around SEK 690m for three years, leaving growth as the key missing ingredient. Technicals are the main drag: the share trades below its 50-, 100- and 200-day moving averages with a negative MACD, indicating a persistent downtrend despite a recent short-term bounce. An undemanding P/E near 11 provides some valuation support, though the lack of a dividend limits the appeal for income investors.

Positive Factors

Recurring Membership RevenueMembership fees create a recurring revenue foundation, with customers paying monthly or annually for continuing access to clubs and training facilities. This model can support revenue visibility, customer retention initiatives, and ongoing monetization through personal training and other ancillary services.

Negative Factors

High LeverageActic remains heavily financed by debt relative to its equity base, leaving a limited capital cushion if earnings weaken. High leverage can absorb a meaningful share of operating cash flow through financing needs and restrict flexibility to invest, withstand volatility, or reduce obligations quickly.

Actic Group AB (ATIC) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 590.51M
Dividend Yield: ―
Average Volume (3M): 17.65K
Price to Earnings (P/E): 11.1
Beta (1Y): 1.03
Revenue Growth: -1.64%
EPS Growth: -23.38%
Country: Sweden
Employees: 401
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Leisure

Actic Group AB Business Overview & Revenue Model

Company Description

Actic Group AB (publ) operates fitness centers and health clubs throughout Sweden, Norway, Germany, and Austria. The company provides a comprehensive suite of services, including individualized workout options available at their facilities, outdoors,...

How the Company Makes Money

Actic Group AB primarily makes money through recurring membership fees paid by individuals who subscribe to access its gyms and training facilities. A key revenue stream is monthly or annual subscriptions that grant entry to clubs and the ability to...

Actic Group AB Financial Statement Overview

Summary

Actic is a turnaround in progress. Cash flow is the standout strength (score 71), with consistently positive operating cash flow of SEK 155m and free cash flow of SEK 124m on a trailing-twelve-month basis, funding steady debt reduction. The income statement (58) shows a genuine profitability recovery — operating profit up to SEK 60m TTM and a swing from years of losses to SEK 53m net profit — but revenue has been stuck near SEK 690m for three years and remains below the SEK 750m of 2022. The balance sheet is the weak point (46): debt-to-equity remains elevated at 2.7x and equity funds only about 22% of assets, though leverage has fallen sharply from 5.9x in 2021 and return on equity has turned positive at 20.4%. Overall, a stabilizing but low-growth operator still dependent on cost discipline.

Income Statement

58Neutral

Balance Sheet

46Neutral

Cash Flow

71Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	693.08M	695.14M	693.79M	678.33M	749.78M	629.22M
Gross Profit	213.56M	53.84M	688.40M	673.65M	747.09M	626.80M
EBITDA	212.04M	202.19M	218.18M	217.94M	203.84M	153.99M
Net Income	53.08M	77.89M	-8.76M	-37.19M	-36.33M	-94.09M
Balance Sheet
Total Assets	1.32B	1.32B	1.30B	1.33B	1.46B	1.60B
Cash, Cash Equivalents and Short-Term Investments	53.18M	90.21M	48.27M	34.77M	34.90M	32.36M
Total Debt	792.86M	825.27M	883.67M	923.81M	1.01B	1.11B
Total Liabilities	1.03B	1.09B	1.14B	1.16B	1.26B	1.41B
Stockholders Equity	296.17M	233.58M	160.13M	166.84M	205.32M	189.36M
Cash Flow
Free Cash Flow	124.06M	162.55M	172.03M	139.73M	108.77M	90.04M
Operating Cash Flow	154.67M	183.40M	190.44M	168.26M	146.66M	113.72M
Investing Cash Flow	20.92M	38.96M	-18.40M	312.00K	-39.45M	-24.37M
Financing Cash Flow	-159.78M	-180.39M	-158.51M	-168.62M	-104.84M	-201.44M

Actic Group AB Technical Analysis

Technical Analysis SentimentNeutral

Last Price25.75

Price Trends

50DMA25.81Negative

100DMA27.91Negative

200DMA29.54Negative

Market Momentum

MACD0.06Negative

RSI56.83Neutral

STOCH85.96Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ATIC, the sentiment is Neutral. The current price of 25.75 is above the 20-day moving average (MA) of 24.61, below the 50-day MA of 25.81, and below the 200-day MA of 29.54, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 56.83 is Neutral, neither overbought nor oversold. The STOCH value of 85.96 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:ATIC.

Actic Group AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SE:ATIC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:SKIS.B	69Neutral	SEK 14.57B	23.61	14.70%	1.59%	6.99%	13.65%
SE:THULE	69Neutral	SEK 21.05B	17.80	16.03%	4.04%	1.57%	17.91%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SE:ATIC	56Neutral	SEK 590.51M	11.05	20.42%	―	-1.64%	-23.38%
SE:FOI.B	53Neutral	SEK 4.35B	44.07	2.35%	7.06%	1.03%	15.81%
SE:USWE	49Neutral	SEK 44.60M	-14.36	-4.87%	―	-9.26%	72.39%
SE:NEWA.B	42Neutral	SEK 13.48B	16.76	11.65%	3.21%	8.88%	-6.70%

* Consumer Cyclical Sector Average

Performance Comparison

SE:ATIC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:ATIC	Actic Group AB	25.75	2.15	9.11%
SE:THULE	Thule Group AB	205.20	-28.12	-12.05%
SE:FOI.B	Fenix Outdoor International AG Series B	318.50	-138.85	-30.36%
SE:USWE	USWE Sports AB	6.30	-8.90	-58.55%
SE:SKIS.B	SkiStar AB Class B	189.10	35.60	23.19%
SE:NEWA.B	New Wave Group AB Class B	101.40	-6.31	-5.86%

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.

Date of analysis: Oct 27, 2026

Actic Group AB AI Stock Analysis