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Attendo AB (ATT) AI Stock Analysis

SE:ATT

Attendo AB

(Nasdaq OMX AB:ATT)

Select Model
Rating:65Neutral
Price Target:SEK 138.00▲(22.99% Upside)
Action:reiterated
Date:08/21/26

The overall score of 65 reflects a company with strong operational momentum and bullish technicals, tempered by significant financial leverage. The most impactful positive factors are accelerating revenue growth and robust cash flow generation, which support the current stock price uptrend. The primary risk is the highly leveraged balance sheet, which makes the company vulnerable to economic headwinds. The sharp decline in gross margin is an unusual dynamic that warrants monitoring. Valuation is fair but not compelling, contributing to a moderately positive but cautious outlook.

Positive Factors
Revenue and earnings recoveryStrong TTM revenue growth, following a multi-year increase, indicates expanding activity across Attendo’s care-services operations. The concurrent recovery in operating and net margins suggests improved earnings power, providing a stronger base for sustained performance over the next several quarters.
Negative Factors
High financial leverageAttendo’s substantial debt relative to equity reduces financial flexibility and leaves less capacity to absorb weaker operating conditions. Elevated leverage can also constrain investment and capital allocation, making durable earnings improvement and consistent cash generation especially important to maintaining stability.

Attendo AB (ATT) vs. iShares MSCI Sweden ETF (EWD)

-10%0%10%20%30%40%50%60%70%SE:ATT+46.78%EWD+13.33%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SEK 16.60B
Dividend Yield
0.77%
Average Volume (3M)
288.48K
Price to Earnings (P/E)
17.5
Beta (1Y)
0.56
Revenue Growth
-1.07%
EPS Growth
81.76%
Country
Sweden
Employees
33,000
Sector
General
Sector Strength
55
Industry
Medical - Care Facilities

Attendo AB Business Overview & Revenue Model

Company Description

Founded in 1985 and based in Danderyd, Sweden, Attendo AB (publ) is a prominent provider of publicly financed care services across the Nordic countries, including Sweden, Finland, Norway, and Denmark. The company's extensive service portfolio address...

How the Company Makes Money

Attendo makes money by providing care services that are predominantly financed by the public sector. Its main revenue stream is service fees paid under contracts/placements awarded by municipalities, regions, or other public authorities, typically ba...

Attendo AB Financial Statement Overview

Summary

Attendo's financial performance is mixed. Strong revenue growth (31.7% TTM) and expanding net margins (4.6%) are offset by a highly leveraged balance sheet (debt-to-equity 2.90x) and a concerning drop in gross margin (22.9%). Excellent cash flow conversion (0.94x) supports earnings quality, but the high debt load remains a key risk.

Income Statement

72Positive

Balance Sheet

45Neutral

Cash Flow

78Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue18.97B18.99B18.98B17.29B14.50B12.87B
Gross Profit3.20B3.20B8.20B5.92B1.52B1.42B
EBITDA4.05B3.87B3.44B3.05B2.18B1.99B
Net Income976.00M813.00M450.00M376.00M-45.00M56.00M
Balance Sheet
Total Assets25.15B25.05B25.24B22.89B22.32B21.08B
Cash, Cash Equivalents and Short-Term Investments1.39B1.27B821.00M922.00M507.00M513.00M
Total Debt16.69B16.44B16.74B14.75B14.80B13.88B
Total Liabilities19.86B19.60B19.91B17.53B17.32B16.12B
Stockholders Equity5.29B5.45B5.33B5.36B5.00B4.93B
Cash Flow
Free Cash Flow2.72B2.65B2.26B2.08B1.13B1.21B
Operating Cash Flow2.91B2.85B2.46B2.23B1.33B1.38B
Investing Cash Flow-218.00M-330.00M-1.24B-185.00M-390.00M-413.00M
Financing Cash Flow-2.19B-2.04B-1.33B-1.63B-970.00M-1.18B

Attendo AB Technical Analysis

Technical Analysis SentimentNegative
Last Price112.20

Price Trends

50DMA122.25Negative
100DMA117.27Negative
200DMA109.89Positive

Market Momentum

MACD-1.74Positive
RSI40.44Neutral
STOCH46.15Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ATT, the sentiment is Negative. The current price of 112.20 is below the 20-day moving average (MA) of 119.57, below the 50-day MA of 122.25, and above the 200-day MA of 109.89, indicating a neutral trend. The MACD of -1.74 indicates Positive momentum. The RSI at 40.44 is Neutral, neither overbought nor oversold. The STOCH value of 46.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ATT.

Attendo AB Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

SE:ATT against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SE:CARESE:CARE71OutperformSEK 700.59M14.12――12.86%18.01%
SE:MCOV.BSE:MCOV.B69NeutralSEK 43.08B46.00―0.78%5.73%90.34%
SE:AMBEASE:AMBEA68NeutralSEK 15.41B19.3815.11%1.43%13.33%28.61%
SE:ATTSE:ATT65NeutralSEK 16.84B17.52―0.77%-1.07%81.76%
SE:ASKERSE:ASKER58NeutralSEK 27.32B40.00―0.55%――
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-20%0%20%40%60%SE:ATTSE:MCOV.BSE:AMBEASE:CARESE:ASKERDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SE:ATT and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SE:ATTAttendo AB116.7036.5045.51%
SE:MCOV.BMedicover283.5032.6213.00%
SE:AMBEAAmbea AB185.1061.0849.25%
SE:CARECareium AB28.802.509.51%
SE:ASKERAsker Healthcare Group AB71.20-16.88-19.17%

Attendo AB Corporate Events

Attendo’s Unika Unit Builds New LSS Home for Children in Nacka

Sep 25, 2026

Attendo’s Unika unit is expanding its LSS disability care offering with a new residential home for children and young people in Nacka, outside Stockholm. The facility, designed for four residents and staffed around the clock, aims to provide a...

Attendo names Eveliina Huurre to lead Finnish operations after CEO transition

Sep 22, 2026

Attendo has appointed Eveliina Huurre as Business Area Director and Head of Attendo Finland, succeeding Virpi Holmqvist, who recently became the group’s President and CEO. Huurre, previously Segment Director for elderly care services in Finland...

Attendo boosts treasury share position with continued Nasdaq buybacks

Sep 15, 2026

Attendo AB has continued executing its previously announced share buyback programme, repurchasing 225,000 shares during week 37 of 2026 for a total transaction value of about SEK 27.7m and an average price of SEK 123.02 per share. The buybacks, carri...

Attendo Names Virpi Holmqvist New CEO to Drive Nordic Care Growth

Sep 7, 2026

Attendo AB has appointed Virpi Holmqvist as its new President and CEO, promoting her from her role as Business Area Director and Head of Attendo Finland. Holmqvist brings extensive experience from the Nordic welfare and healthcare sector and a long t...

Attendo Expands Attendolunken Community Care Events Across Sweden

Sep 3, 2026

Attendo AB, the Nordic region’s largest private care provider, runs extensive elderly and home care operations across Sweden, Finland and Denmark. Listed on Nasdaq Stockholm and headquartered in Stockholm, the company focuses on delivering high...

Attendo Increases Treasury Stock with Share Buybacks Under SEK 250m Programme

Sep 1, 2026

Attendo AB has repurchased 90,000 of its own shares on Nasdaq Stockholm between 27 and 28 August 2026 as part of a share buyback programme of up to SEK 250 million. The transactions, executed by DNB Carnegie Investment Bank, were conducted under EU m...

Attendo Starts Construction of Culture-Focused Nursing Home in Upplands-Bro

Aug 27, 2026

Attendo AB is the leading Nordic care provider, running around 770 units and employing some 33,000 staff in Finland, Sweden and Denmark. Listed on Nasdaq Stockholm and headquartered in the Swedish capital, the group specialises in person-centred elde...

Attendo starts construction of new dementia-focused nursing home in Mölndal

Aug 26, 2026

Attendo AB is expanding its Nordic care footprint with a new nursing home, Attendo Änggården, in Pedagogen Park in Mölndal outside Gothenburg, Sweden. The facility, focused on dementia and somatic care, will offer 60 apartments and is...

Attendo boosts profitability and ramps up investment in Nordic care operations

Aug 20, 2026

Attendo reported improved profitability in both its Scandinavian and Finnish operations in the first half of 2026, driven by higher occupancy rates, better operational efficiency and continued quality initiatives. Earnings increased across all segmen...

Attendo Nears Completion of SEK 275m Share Buyback Program

Aug 20, 2026

Attendo AB has continued its share buyback program, repurchasing 130,000 shares on Nasdaq Stockholm between 17 and 19 August 2026 for a total of about SEK 14.6 million. The transactions were executed by DNB Carnegie Investment Bank and form part of a...

Attendo Launches SEK 250m Share Buyback to Refine Capital Structure

Aug 20, 2026

Attendo AB’s board has approved a share buyback programme of up to SEK 250 million, aiming to optimise the company’s capital structure and provide shares for ongoing incentive programmes. The repurchases will be executed in cash on Nasdaq...

Attendo Secures Larger Sustainability‑Linked Financing Package

Aug 20, 2026

Attendo has secured a new long‑term financing package that replaces its 2023 credit facilities and expands available funding in both euros and Swedish kronor. The agreement underpins the company’s ability to continue investing in its Nord...

Attendo’s Unika Brand Launches Move Activity Concept for LSS Participants in Stockholm

Aug 19, 2026

Attendo’s Unika brand is expanding its disability care portfolio with the launch of Move, a new daily activity concept opening at Telefonplan in Stockholm that targets individuals covered by Group 1 under Sweden’s LSS legislation. The ser...

Attendo Nears Completion of SEK 275m Share Buyback Programme

Aug 18, 2026

Attendo AB has continued its board‑initiated share repurchase programme, buying back 206,000 shares on Nasdaq Stockholm between 10 and 14 August 2026. The transactions, executed by DNB Carnegie Investment Bank, were carried out under EU market...

Attendo Sets August Date for Q2 2026 Results Webcast

Aug 13, 2026

Attendo AB, the Nordic region’s largest private care provider with extensive operations in Finland, Sweden and Denmark, continues to position itself as a key player in addressing healthcare and social care capacity challenges. The company opera...

Attendo expands Nordic care portfolio with acquisition of Finland’s A-klinikka Oy

Aug 3, 2026

Attendo has completed the acquisition of Finnish substance abuse and addiction care provider A-klinikka Oy after receiving approval from the Finnish Competition and Consumer Authority. The deal, consolidated in Attendo’s accounts from 1 August...

Attendo Survey Shows Broad Political Backing to Scrap Minute-Based Home Care Scheduling

Jul 8, 2026

A new survey commissioned by Attendo shows that 77 percent of local politicians across Sweden want to abolish minute-by-minute scheduling in home care, a model where municipalities pre-allocate time for each task down to the minute. The findings reve...

Attendo Steps Up Nordic Care Group Buyback Program With SEK 17.7m Weekly Repurchases

Jul 7, 2026

Attendo AB has continued to execute its share repurchase program, buying back 150,000 shares on Nasdaq Stockholm during week 27 at a total transaction value of about SEK 17.7 million. The program, which is capped at SEK 275 million and runs through m...

Attendo bolsters southern Sweden footprint with Skåningegård acquisition

Jul 1, 2026

Attendo AB has completed the acquisition of Skåningegård-gruppen, a family-owned Swedish care provider with nine units across Östergötland, Kalmar, Kronoberg, Småland and Gotland, strengthening its presence in southern Sweden...

Attendo CEO Martin Tivéus to Step Down After Eight Years, Strategy Unchanged

Jun 30, 2026

Attendo AB, the Nordic region’s largest private care provider, operates a broad network of care units across Finland, Sweden and Denmark, with its headquarters in Stockholm and a listing on Nasdaq Stockholm. The company’s business model i...

Attendo Accelerates Share Buybacks Under SEK 275m Repurchase Program

Jun 30, 2026

Attendo AB has continued executing its board-approved share repurchase program, buying back 150,000 shares on Nasdaq Stockholm between 22 and 26 June 2026. The week’s transactions, carried out by DNB Carnegie Investment Bank, were valued at abo...

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: Aug 21, 2026