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Bulten AB
(BULTEN)
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Rating:58Neutral
Price Target:
kr73.00
â–˛(19.28% Upside)
Action:Reiterated
Date:09/06/26
Overall score reflects weakened fundamentals (contracting revenue and a large TTM net loss) partially offset by strong free cash flow and manageable leverage. Technically, the stock is in a strong uptrend but appears overextended, while valuation is constrained by negative earnings despite a ~3.9% dividend yield.
Positive Factors
Positive Free Cash Flow
Strong operating cash flow and meaningfully positive free cash flow indicate that Bulten is converting operations into liquidity despite weaker revenue. Improving free cash flow also suggests disciplined working capital and capital spending, supporting resilience and internal funding capacity over the coming quarters.
Negative Factors
Contracting Revenue
A continuing decline in revenue points to weaker customer demand, production volumes, or commercial mix rather than a single isolated fluctuation. If the contraction persists, lower plant utilization and reduced scale could make it harder for Bulten to protect margins and fund growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Free Cash Flow
Strong operating cash flow and meaningfully positive free cash flow indicate that Bulten is converting operations into liquidity despite weaker revenue. Improving free cash flow also suggests disciplined working capital and capital spending, supporting resilience and internal funding capacity over the coming quarters.
Read all positive factors
Bulten AB (BULTEN) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.46B
Dividend Yield3.94%
Average Volume (3M)59.04K
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth-22.70%
EPS Growth-1999.96%
CountrySE
Employees569
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-49.79
Shares Outstanding21,040,209
10 Day Avg. Volume77,069
30 Day Avg. Volume59,041
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)3.45
Revenue Forecast (FY)kr4.98B
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
60
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.31B | 5.04B | 5.81B | 5.76B | 4.47B | 3.73B |
| Gross Profit | 863.00M | 928.00M | 1.07B | 968.00M | 826.00M | 710.00M |
| EBITDA | 344.00M | 354.00M | 528.00M | 426.00M | 338.00M | 395.00M |
| Net Income | -1.04B | -11.00M | 135.00M | 103.00M | 74.00M | 143.00M |
Balance Sheet | ||||||
| Total Assets | 3.42B | 4.45B | 5.10B | 4.85B | 4.36B | 3.42B |
| Cash, Cash Equivalents and Short-Term Investments | 226.00M | 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 | 2.59B | 2.68B | 3.05B | 3.01B | 2.53B | 1.73B |
| Stockholders Equity | 785.00M | 1.72B | 2.01B | 1.80B | 1.80B | 1.66B |
Cash Flow | ||||||
| Free Cash Flow | 315.00M | 259.00M | 115.00M | 205.00M | 31.00M | -122.00M |
| Operating Cash Flow | 376.00M | 429.00M | 319.00M | 353.00M | 298.00M | 48.00M |
| Investing Cash Flow | -87.00M | -193.00M | -203.00M | -659.00M | -266.00M | -165.00M |
| Financing Cash Flow | -323.00M | -258.00M | -124.00M | 203.00M | 167.00M | 109.00M |
Bulten AB Technical Analysis
Positive
61.20
Price Trends
56.21
Positive
51.49
Positive
48.98
Positive
Market Momentum
3.47
Negative
78.88
Negative
89.99
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 62.89, above the 50-day MA of 56.21, and above the 200-day MA of 48.98, indicating a bullish trend. The MACD of 3.47 indicates Negative momentum. The RSI at 78.88 is Negative, neither overbought nor oversold. The STOCH value of 89.99 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | kr13.46B | 15.96 | 16.75% | 4.05% | 1.89% | 31.76% | |
74 Outperform | kr10.18B | 60.93 | 28.57% | 0.66% | 28.63% | 18.57% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | kr1.46B | -1.39 | -68.99% | 3.94% | -22.70% | -1999.96% | |
55 Neutral | kr758.55M | -7.51 | -9.76% | 1.80% | -8.18% | -4948.15% | |
52 Neutral | kr22.28B | -11.08 | -13.22% | 8.02% | -4.86% | -1111.15% | |
51 Neutral | kr4.14B | 31.21 | 2.14% | 5.39% | -0.93% | -50.66% |
* Consumer Cyclical Sector Average
SE:BULTEN
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Bulten AB Corporate Events
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...
Bulten Tightens Focus With Automotive Divestment as Core Margins Strengthen
Jul 10, 2026
Bulten AB is an industrial group operating in the automotive sector, with a focus on fastening solutions and related components for global vehicle manufacturers. The company has historically combined contract manufacturing with its core fastening ...
Bulten to Sell European Auto Manufacturing Unit to Maelir in Strategic Refocus
Jul 9, 2026
Bulten AB has agreed to divest its European automotive contract manufacturing operations to Swedish investment firm Maelir AB for an enterprise value of about 44.5 MEUR, in a move that will significantly reshape the group’s business mix. The...
Bulten to Divest Loss-Making Tianjin Automotive Operation in Strategic Refocus
Jul 9, 2026
Bulten AB has agreed to sell its contract manufacturing operation Bulten Fasteners (Tianjin) Co., Ltd., which serves the automotive industry in China, to a local investor group for CNY 1 million. The Tianjin unit generated CNY 88 million in revenu...
Bulten Schedules Live Presentation for Q2 2026 Results
Jul 8, 2026
Bulten Group, a global supplier of fastening solutions to the automotive and other industries, offers both standard and specially adapted fasteners backed by end‑to‑end service capabilities. With roots dating back to 1873 and a listing...
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.