Bulten AB (BULTEN) AI Stock Analysis

• Market Cap: kr1.12B
• Dividend Yield: 5.17%
• Average Volume (3M): 34.93K
• Price to Earnings (P/E): 20.3
• Beta (1Y): 0.80
• Revenue Growth: -6.33%
• EPS Growth: -40.22%
• Country: SE
• Employees: 1,915
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 0.67
• Shares Outstanding: 21,040,209
• 10 Day Avg. Volume: 31,633
• 30 Day Avg. Volume: 34,932
• PEG Ratio: 0.37
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.26
• P/FCF Ratio: 13.27
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr65.52
• Price Target Upside: 23.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 59 Neutral
• Price Target: kr61.00 ▲(14.66% Upside)

Bulten AB's stock score is primarily influenced by its mixed financial performance and weak technical indicators. While the company has strong gross margins, its struggles in profitability and cash flow management are concerning. The technical analysis shows bearish trends, and while the valuation offers a decent dividend yield, the P/E ratio indicates potential overvaluation.

Bulten AB Business Overview & Revenue Model

Company Description

Bulten AB (publ), together with its subsidiaries, designs, develops, manufactures, and distributes automotive components for light vehicles, heavy commercial vehicles, and tier 1 suppliers. It offers customer-specific standard, specialist, and customized fasteners. The company also provides technical development, line-feeding, logistics, material, and production expertise services. It operates in Sweden, Poland, Germany, the United Kingdom, rest of Europe, the United States, China, and internationally. The company was formerly known as FinnvedenBulten AB (publ) and changed its name to Bulten AB (publ) in September 2014. Bulten AB (publ) was founded in 1873 and is headquartered in Gothenburg, Sweden.

How the Company Makes Money

Bulten AB generates revenue primarily through the production and sale of fasteners and fastening solutions to automotive manufacturers and suppliers. The company's key revenue streams include supplying standard and customized fasteners for car manufacturers and other industrial applications. Bulten also offers value-added services like technical support and logistics solutions to enhance customer satisfaction and streamline supply chains. Strategic partnerships and long-term contracts with major automotive industry players significantly contribute to the company's earnings, ensuring a steady demand for its products.

Bulten AB Financial Statement Overview

Summary

Bulten AB shows a strong gross profit margin, but struggles with net profitability and fluctuating free cash flow. The balance sheet indicates moderate leverage with stable equity, though ROE is low.

Income Statement

Bulten AB shows a strong gross profit margin of 17.6% in the TTM period, indicating effective cost management. However, the net profit margin has declined to 1.3%, suggesting potential issues with net income generation. Revenue has seen an overall growth from 2020 to 2025, although there was a slight dip in the most recent TTM period. The EBIT margin stands at 3.5%, reflecting moderate profitability. The EBITDA margin of 7.0% indicates some room for improvement in operational efficiency.

Balance Sheet

The debt-to-equity ratio of 0.92 in the TTM period suggests a balanced but potentially risky leverage position. Return on Equity (ROE) is relatively low at 4.0%, indicating limited efficiency in generating returns on shareholders' equity. The equity ratio of 38.2% reflects a stable capital structure, though there is a need for careful management of liabilities.

Cash Flow

Bulten AB's free cash flow has seen significant fluctuations, with a notable decrease to SEK 40 million in the TTM period. The operating cash flow to net income ratio of 3.56 highlights strong cash generation relative to net income, which is positive. However, the free cash flow to net income ratio of 0.53 points to challenges in retaining cash after capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.58B	5.81B	5.76B	4.47B	3.73B	3.19B
Gross Profit	998.00M	1.07B	968.00M	826.00M	710.00M	567.00M
EBITDA	386.00M	528.00M	426.00M	338.00M	387.00M	265.00M
Net Income	55.00M	135.00M	103.00M	74.00M	143.00M	55.00M
Balance Sheet
Total Assets	4.83B	5.10B	4.85B	4.36B	3.42B	3.07B
Cash, Cash Equivalents and Short-Term Investments	297.00M	350.00M	340.00M	451.00M	242.00M	236.00M
Total Debt	1.68B	1.73B	1.67B	1.36B	880.00M	677.00M
Total Liabilities	2.97B	3.05B	3.01B	2.53B	1.73B	1.55B
Stockholders Equity	1.82B	2.01B	1.80B	1.80B	1.66B	1.50B
Cash Flow
Free Cash Flow	56.00M	115.00M	205.00M	31.00M	-122.00M	393.00M
Operating Cash Flow	287.00M	319.00M	353.00M	298.00M	48.00M	447.00M
Investing Cash Flow	-231.00M	-203.00M	-659.00M	-266.00M	-165.00M	-119.00M
Financing Cash Flow	-231.00M	-124.00M	203.00M	167.00M	109.00M	-154.00M

Bulten AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 53.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BULTEN, the sentiment is Negative. The current price of 53.2 is below the 20-day moving average (MA) of 54.11, below the 50-day MA of 56.13, and below the 200-day MA of 61.35, indicating a bearish trend. The MACD of -0.75 indicates Negative momentum. The RSI at 39.28 is Neutral, neither overbought nor oversold. The STOCH value of 32.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BULTEN.

Bulten AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SKIS.B	73 Outperform	kr12.32B	22.75	12.85%	1.78%	3.44%	0.34%
RVRC	71 Outperform	kr5.29B	18.92	23.20%	2.49%	4.62%	-6.24%
ITAB	67 Neutral	kr4.36B	24.69	7.53%	―	46.85%	-60.01%
NEWA.B	63 Neutral	kr14.60B	16.96	13.14%	3.18%	1.62%	-11.18%
BMAX	60 Neutral	kr3.30B	21.43	6.44%	1.33%	4.40%	7603.52%
BULTEN	59 Neutral	kr1.12B	20.30	2.94%	5.17%	-6.33%	-40.22%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Bulten AB Corporate Events

Bulten Group to Release Q2 2025 Interim Report

Bulten Group has announced that its interim report for the second quarter of 2025 will be released on July 10, 2025. A live presentation for analysts, media, and investors will follow the release, featuring comments from the President and CEO Axel Berntsson and CFO Anna Åkerblad. This event will provide stakeholders with insights into the company’s performance and strategic direction.

The most recent analyst rating on (SE:BULTEN) stock is a Buy with a SEK100.00 price target. To see the full list of analyst forecasts on Bulten AB stock, see the SE:BULTEN Stock Forecast page.

Bulten AB Initiates Strategic Review to Enhance Growth and Market Position

Bulten AB has announced a strategic review to assess its manufacturing operations and organizational structure, aiming to identify areas with the strongest potential for long-term growth. This review will explore the possibility of consolidating or divesting manufacturing facilities to focus on more profitable segments and expand sales to new customer segments beyond the automotive industry. Bulten aims to enhance its position as a leading full-service provider of complex fasteners and C-parts, maintaining a balanced market presence across Europe, Asia, and North America.

The most recent analyst rating on (SE:BULTEN) stock is a Buy with a SEK100.00 price target. To see the full list of analyst forecasts on Bulten AB stock, see the SE:BULTEN Stock Forecast page.