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CTEK AB
(CTEK)
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Rating:61Neutral
Price Target:
kr13.50
▲(6.64% Upside)
Action:Reiterated
Date:05/09/26
The score is primarily supported by improving financial performance—especially the sharp profitability rebound and strong recent free cash flow. This is held back by weak technical momentum (price below key short-term averages with low RSI/Stoch) and a relatively high P/E without dividend support.
Positive Factors
Strong free cash flow
Sustained TTM operating and free cash flow gives the company durable financial flexibility to fund R&D, channel expansion and working capital needs without reliance on external financing. Strong cash flow also supports deleveraging and cushions short-term demand volatility.
Negative Factors
Soft and declining revenue trend
Persistent top-line weakness limits operating leverage benefits and makes margin improvements fragile. Continued revenue contraction would constrain the company’s ability to scale distribution, invest in product development, and sustain the profitability rebound over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow
Sustained TTM operating and free cash flow gives the company durable financial flexibility to fund R&D, channel expansion and working capital needs without reliance on external financing. Strong cash flow also supports deleveraging and cushions short-term demand volatility.
Read all positive factors
CTEK AB (CTEK) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr911.09M
Dividend YieldN/A
Average Volume (3M)157.63K
Price to Earnings (P/E)26.0
Beta (1Y)0.60
Revenue Growth-12.90%
EPS GrowthN/A
CountrySE
Employees199
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.50
Shares Outstanding69,976,270
10 Day Avg. Volume99,192
30 Day Avg. Volume157,630
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)1.23
Price to Sales (P/S)1.07
P/FCF Ratio6.15
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)0.95
Revenue Forecast (FY)kr853.43M
CTEK AB Business Overview & Revenue Model
Company Description
CTEK AB (publ) develops, markets, and sells battery charging products for vehicles in Sweden, Nordics, DACH, the Americas, rest of Europe, and internationally. The company operates in two segments, Consumer and Professional. It offers low-voltage ...
How the Company Makes Money
CTEK makes money mainly by selling battery charging and maintenance hardware and related accessories. Its revenue model is product-led: it designs and commercializes charging solutions and sells them through a mix of channels including distributor...
CTEK AB Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 806.50M | 831.60M | 913.80M | 884.20M | 925.40M | 895.30M |
| Gross Profit | 182.70M | 77.40M | 484.60M | 441.20M | 453.40M | 461.20M |
| EBITDA | 156.60M | 155.80M | 97.70M | 74.20M | 117.00M | 119.30M |
| Net Income | 34.80M | 26.30M | -42.00M | -256.90M | 2.70M | 4.40M |
Balance Sheet | ||||||
| Total Assets | 1.30B | 1.34B | 1.42B | 1.52B | 1.71B | 1.57B |
| Cash, Cash Equivalents and Short-Term Investments | 168.00M | 165.90M | 141.80M | 192.30M | 10.00M | 53.50M |
| Total Debt | 330.70M | 381.70M | 410.90M | 510.50M | 694.10M | 571.30M |
| Total Liabilities | 573.40M | 621.40M | 726.30M | 781.30M | 1.05B | 911.40M |
| Stockholders Equity | 727.60M | 718.00M | 693.20M | 735.10M | 662.30M | 655.00M |
Cash Flow | ||||||
| Free Cash Flow | 184.70M | 144.10M | 53.70M | 49.70M | -165.10M | -95.40M |
| Operating Cash Flow | 204.50M | 151.40M | 122.70M | 135.20M | -46.60M | -28.40M |
| Investing Cash Flow | -49.20M | -57.80M | -68.80M | -82.50M | -115.70M | -66.80M |
| Financing Cash Flow | -84.30M | -59.10M | -108.20M | 134.60M | 115.20M | 50.30M |
CTEK AB Technical Analysis
Negative
12.66
Price Trends
14.09
Negative
14.42
Negative
13.66
Negative
Market Momentum
-0.23
Negative
40.67
Neutral
26.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CTEK, the sentiment is Negative. The current price of 12.66 is below the 20-day moving average (MA) of 13.25, below the 50-day MA of 14.09, and below the 200-day MA of 13.66, indicating a bearish trend. The MACD of -0.23 indicates Negative momentum. The RSI at 40.67 is Neutral, neither overbought nor oversold. The STOCH value of 26.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CTEK.
CTEK AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | kr911.09M | 26.04 | 3.75% | ― | -12.90% | ― | |
59 Neutral | kr524.05M | 31.13 | ― | ― | 10.31% | ― | |
48 Neutral | kr56.82M | -1.17 | -37.93% | ― | -71.35% | 95.51% | |
45 Neutral | kr1.35B | -58.73 | -9.00% | ― | 16.63% | 27.43% |
* Industrials Sector Average
SE:CTEK
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13.02
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CTEK AB Corporate Events
CTEK AGM Retains Earnings, Reshapes Board and Updates Governance Framework
May 8, 2026
Shareholders at CTEK AB’s Annual General Meeting approved the 2025 financial statements and granted discharge from liability to the board and CEO, while deciding to retain earnings and not distribute a dividend, signalling a focus on reinves...
CTEK boosts margins and cash flow as it reviews EV charging unit
May 6, 2026
CTEK AB reported first-quarter 2026 net sales of SEK 187.6 million, reflecting a 5.8 percent organic decline, but improved profitability with a gross margin of 61.7 percent and an adjusted EBITA margin of 10.1 percent. Earnings after tax rose to 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.