Want to see SE:CTT full AI Analyst Report?
Top Page
CTT Systems AB
(CTT)
Select Model
Select Model
Rating:68Neutral
Price Target:
kr157.00
▼(-19.65% Downside)
Action:Downgraded
Date:10/29/26
The score is driven primarily by solid financial stability (low leverage) and strong recent top-line momentum, supported by a technically strong uptrend. These positives are tempered by notably weaker cash conversion and margin/return compression versus prior years, plus a demanding valuation (high P/E) that increases execution risk.
Positive Factors
Strong TTM revenue growth
The sharp TTM revenue increase indicates strong recent demand for CTT’s aerospace moisture-management offerings, while the high gross margin shows meaningful value capture. If sustained, this combination can support reinvestment and strengthen earnings capacity over the next several quarters.
Negative Factors
Material margin compression
The substantial decline in net and EBIT margins shows that recent growth is converting into profit less efficiently than in earlier years. A weaker mix or higher costs could limit earnings growth and reduce the funds available for investment, dividends, or other capital priorities.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong TTM revenue growth
The sharp TTM revenue increase indicates strong recent demand for CTT’s aerospace moisture-management offerings, while the high gross margin shows meaningful value capture. If sustained, this combination can support reinvestment and strengthen earnings capacity over the next several quarters.
Read all positive factors
CTT Systems AB (CTT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.80B
Dividend Yield1.67%
Average Volume (3M)3.50K
Price to Earnings (P/E)45.6
Beta (1Y)0.64
Revenue Growth-5.04%
EPS Growth-30.82%
CountrySE
Employees82
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)3.15
Shares Outstanding12,529,443
10 Day Avg. Volume2,504
30 Day Avg. Volume3,499
Financial Highlights & Ratios
PEG Ratio-1.18
Price to Book (P/B)9.53
Price to Sales (P/S)9.44
P/FCF Ratio73.43
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)3.77
Revenue Forecast (FY)kr291.00M
CTT Systems AB Business Overview & Revenue Model
Company Description
CTT Systems AB (publ) provides humidity control systems for aircraft in Sweden, Denmark, France, the United States, and internationally. The company offers humidifiers for passenger cabins, flight decks, crew rest compartments, and VIP/business je...
How the Company Makes Money
CTT makes money primarily by selling aircraft humidity-control and moisture-management systems and by generating recurring aftermarket revenue once those systems are in service. Key revenue streams typically include: (1) Original equipment (OE) sa...
CTT Systems AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
83
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 275.20M | 264.40M | 300.10M | 308.90M | 240.60M | 151.30M |
| Gross Profit | 185.90M | 55.20M | 241.70M | 247.70M | 197.40M | 118.50M |
| EBITDA | 58.00M | 55.40M | 119.90M | 127.60M | 100.80M | 38.10M |
| Net Income | 39.50M | 38.60M | 85.50M | 95.50M | 66.30M | 14.20M |
Balance Sheet | ||||||
| Total Assets | 371.40M | 355.80M | 393.20M | 417.30M | 377.10M | 328.60M |
| Cash, Cash Equivalents and Short-Term Investments | 26.90M | 26.60M | 68.70M | 117.90M | 60.10M | 49.30M |
| Total Debt | 47.40M | 35.50M | 44.10M | 41.80M | 45.50M | 72.20M |
| Total Liabilities | 105.70M | 93.80M | 102.70M | 103.30M | 107.80M | 115.60M |
| Stockholders Equity | 265.70M | 262.00M | 290.50M | 314.00M | 269.30M | 213.00M |
Cash Flow | ||||||
| Free Cash Flow | 15.70M | 34.00M | 61.20M | 109.10M | 53.80M | 21.70M |
| Operating Cash Flow | 29.80M | 35.90M | 66.30M | 116.80M | 61.20M | 30.30M |
| Investing Cash Flow | -15.90M | -5.30M | -4.50M | -7.50M | -7.30M | -8.60M |
| Financing Cash Flow | -22.30M | -68.50M | -110.60M | -52.20M | -43.60M | 6.60M |
CTT Systems AB Technical Analysis
Positive
195.40
Price Trends
134.09
Positive
131.36
Positive
133.54
Positive
Market Momentum
0.60
Negative
65.92
Neutral
62.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CTT, the sentiment is Positive. The current price of 195.4 is above the 20-day moving average (MA) of 131.74, above the 50-day MA of 134.09, and above the 200-day MA of 133.54, indicating a bullish trend. The MACD of 0.60 indicates Negative momentum. The RSI at 65.92 is Neutral, neither overbought nor oversold. The STOCH value of 62.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CTT.
CTT Systems AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | kr353.39B | 46.83 | 15.83% | 0.37% | 28.45% | 44.48% | |
68 Neutral | kr1.80B | 45.59 | ― | 1.67% | -5.04% | -30.82% | |
62 Neutral | kr11.49B | 34.45 | 20.11% | 0.31% | 75.60% | ― | |
56 Neutral | kr856.56M | -18.88 | -5.29% | ― | -12.86% | -1793.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | kr653.52M | -28.82 | ― | ― | 14.10% | -29.31% | |
47 Neutral | kr2.17B | 80.61 | 18.20% | ― | ― | ― |
* General Sector Average
SE:CTT
CTT Systems AB
143.60
-40.85
-22.15%
SE:SAAB.B
Saab AB
655.20
146.52
28.80%
SE:AAC
AAC Clyde Space
104.80
8.20
8.49%
SE:MILDEF
MilDef Group AB
243.90
85.64
54.11%
SE:GOMX
GomSpace Group AB
12.51
-4.15
-24.91%
SE:UNIBAP
Unibap AB
9.04
1.74
23.84%
CTT Systems AB Corporate Events
CTT Systems Lifts Full-Year Outlook as Aftermarket Drives Profit Growth
Oct 27, 2026
CTT Systems reported modest third-quarter net sales growth of 3% to SEK 76.4 million, but delivered a 24% year-on-year increase in operating profit and a 30% EBIT margin, even as operating cash flow softened. Strong aftermarket and VIP spare parts...
CTT Systems schedules Q3 2026 interim report and investor webcast
Oct 8, 2026
CTT Systems AB has announced that it will publish its interim report for the third quarter of 2026 on October 27 at 08:00 CET, followed by a webcast presentation at 09:30 CET led by CEO Henrik Höjer and CFO Markus Berg. Investors and other st...
CTT Systems Sets 2027 AGM Nomination Committee With Key Institutional Investors
Sep 24, 2026
CTT Systems AB has appointed a nomination committee representing key institutional shareholders ahead of its 2027 Annual General Meeting. The committee members come from SEB Fonder, Handelsbanken Fonder, Odin Fonder and Trulscom Förvaltning A...
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.