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Bulten AB
(BULTEN)
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Rating:50Neutral
Price Target:
kr77.00
▲(25.82% Upside)
Action:Reiterated
Date:10/23/26
The score is held down primarily by deteriorated financial performance, including a large TTM net loss and a reduced equity base that increases balance-sheet risk. Technicals are a supporting factor given a strong trend above major moving averages, but overbought signals temper the outlook. Valuation is mixed, with a negative P/E due to losses partially offset by a solid dividend yield.
Positive Factors
Cash generation
Positive operating and free cash flow show that Bulten’s core activities are still generating liquidity despite the reported net loss. This supports ongoing operations, customer service and investment capacity, although the declining cash-flow trend means resilience should be monitored.
Negative Factors
Severe net loss
The sharp swing from modest profitability to a very large TTM net loss materially weakens earnings quality and financial flexibility. Even with positive operating margins, the scale of the loss can constrain reinvestment, dividends and the company’s ability to absorb further earnings volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Positive operating and free cash flow show that Bulten’s core activities are still generating liquidity despite the reported net loss. This supports ongoing operations, customer service and investment capacity, although the declining cash-flow trend means resilience should be monitored.
Read all positive factors
Bulten AB (BULTEN) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.74B
Dividend Yield3.29%
Average Volume (3M)102.60K
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue Growth-22.17%
EPS Growth-19131.83%
CountrySE
Employees564
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-54.99
Shares Outstanding21,040,209
10 Day Avg. Volume170,127
30 Day Avg. Volume102,603
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)0.63
Price to Sales (P/S)0.21
P/FCF Ratio4.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.13
Revenue Forecast (FY)kr3.15B
Bulten AB Business Overview & Revenue Model
Company Description
Bulten AB (publ), together with its subsidiaries, specializes in the design, development, manufacturing, and global distribution of components for the automotive sector. They serve a diverse client base, including producers of light and heavy comm...
How the Company Makes Money
Bulten makes money by selling fasteners and fastening solutions to industrial customers, with the automotive sector as its primary end market. The company’s core revenue stream is product sales: supplying standard fasteners and higher-value custom...
Bulten AB Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
42
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.11B | 5.04B | 5.81B | 5.76B | 4.47B | 3.73B |
| Gross Profit | 869.00M | 928.00M | 1.07B | 968.00M | 826.00M | 710.00M |
| EBITDA | 363.00M | 354.00M | 528.00M | 426.00M | 338.00M | 395.00M |
| Net Income | -1.15B | -11.00M | 135.00M | 103.00M | 74.00M | 143.00M |
Balance Sheet | ||||||
| Total Assets | 3.06B | 4.45B | 5.10B | 4.85B | 4.36B | 3.42B |
| Cash, Cash Equivalents and Short-Term Investments | 264.00M | 289.00M | 350.00M | 340.00M | 451.00M | 242.00M |
| Total Debt | 1.04B | 1.44B | 1.73B | 1.67B | 1.36B | 880.00M |
| Total Liabilities | 2.33B | 2.68B | 3.05B | 3.01B | 2.53B | 1.73B |
| Stockholders Equity | 697.00M | 1.72B | 2.01B | 1.80B | 1.80B | 1.66B |
Cash Flow | ||||||
| Free Cash Flow | 223.00M | 259.00M | 115.00M | 205.00M | 31.00M | -122.00M |
| Operating Cash Flow | 268.00M | 429.00M | 319.00M | 353.00M | 298.00M | 48.00M |
| Investing Cash Flow | -82.00M | -193.00M | -203.00M | -659.00M | -266.00M | -165.00M |
| Financing Cash Flow | -189.00M | -258.00M | -124.00M | 203.00M | 167.00M | 109.00M |
Bulten AB Technical Analysis
Positive
61.20
Price Trends
68.20
Positive
59.80
Positive
52.68
Positive
Market Momentum
4.25
Negative
80.42
Negative
95.62
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BULTEN, the sentiment is Positive. The current price of 61.2 is below the 20-day moving average (MA) of 72.34, below the 50-day MA of 68.20, and above the 200-day MA of 52.68, indicating a bullish trend. The MACD of 4.25 indicates Negative momentum. The RSI at 80.42 is Negative, neither overbought nor oversold. The STOCH value of 95.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BULTEN.
Bulten AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr11.17B | 65.47 | 27.68% | 0.59% | 40.83% | 23.91% | |
63 Neutral | kr12.71B | 15.36 | 16.34% | 4.23% | 0.64% | 15.69% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | kr684.45M | -6.78 | -9.76% | 1.99% | -8.18% | -4948.15% | |
50 Neutral | kr1.74B | -1.51 | -92.45% | 3.29% | -22.17% | -19131.83% | |
50 Neutral | kr3.92B | 30.00 | 2.14% | 5.60% | -0.93% | -50.66% | |
48 Neutral | kr23.34B | -7.91 | -14.85% | 8.02% | -2.98% | -417.18% |
* Consumer Cyclical Sector Average
SE:BULTEN
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Bulten AB Corporate Events
Bulten names strategy chief Mathias Holst interim CFO amid leadership transition
Oct 22, 2026
Bulten AB has appointed Chief Strategy Officer and Group Management member Mathias Holst as interim CFO, effective 22 October, following the previously announced decision by current CFO Anna Åkerblad to leave the company. The recruitment proc...
Bulten boosts margins as divestments reshape its balance sheet
Oct 21, 2026
Bulten delivered a strong third quarter in its continuing operations, with net sales rising 40.7% to SEK 831 million and operating earnings jumping to SEK 67 million, lifting the operating margin to 8.1% from 2.0%. Earnings per share improved to S...
Bulten appoints nomination committee ahead of 2027 AGM in Gothenburg
Oct 14, 2026
Bulten has appointed a four-member nomination committee ahead of its Annual General Meeting scheduled for April 29, 2027 in Gothenburg, with representatives from Nordea Fonder, Handelsbanken Fonder, shareholder Bengt Stillström and Chairman o...
Bulten CFO Anna Åkerblad Resigns as Group Enters New Strategic Phase
Oct 13, 2026
Bulten AB has announced that Chief Financial Officer Anna Åkerblad has resigned and will remain in her role until the end of October, including the presentation of the company’s third-quarter report. She will continue to support the com...
Bulten Schedules Q3 2026 Report Release and Investor Presentation
Oct 7, 2026
Bulten Group will publish its interim report for the third quarter of 2026 on October 21 at 13:30 CEST, followed by a live webcasted presentation and conference call at 15:30 CEST led by President and CEO Axel Berntsson and CFO Anna Åkerblad....
Bulten Sheds Major Manufacturing Units and Brand in Strategic Overhaul
Oct 1, 2026
Bulten AB has completed the divestment of its European automotive contract manufacturing business to Maelir AB, with ownership transferring on 1 October 2026, and expects to finalize the sale of its Tianjin operation to a local investor group in m...
Bulten Sells Hallstahammar Industrial Property to Maelir for SEK 223 Million
Oct 1, 2026
Bulten AB has agreed to sell all shares in Hallstahammar Industrifastighet AB, the company owning its Hallstahammar industrial property, to Maelir AB, with completion expected on 17 December 2026. The move follows Maelir’s acquisition of Bul...
Bulten Subsidiary Exim Wins Strategic Lam Research Supply Deal in Asia
Sep 15, 2026
Bulten AB’s wholly owned subsidiary Exim has secured a strategic agreement to act as consolidator for C-parts supply to Lam Research’s semiconductor equipment manufacturing operations in Malaysia, Taiwan and South Korea. The contract p...
Bulten CEO Axel Berntsson Named Among Sweden’s Future Top Executives
Aug 17, 2026
Bulten’s President and CEO Axel Berntsson has been named to the 2026 Future Top Executives list compiled by Dagens industri and Bain Company, which highlights 25 leaders seen as likely to join the top management of Sweden’s largest co...
Volito Grants Bulten CEO Call Options Without Dilution for Shareholders
Jul 24, 2026
Volito AB, the largest shareholder in Swedish fastener manufacturer Bulten, has issued 150,000 call options on Bulten shares to the company’s Chief Executive Officer, Axel Berntsson. The options, valued at about SEK 319,500 using the Black-S...
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.