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CTT Systems AB
(CTT)
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Rating:62Neutral
Price Target:
kr154.00
▼(-21.19% Downside)
Action:Reiterated
Date:07/22/26
The score is supported primarily by strong underlying financial quality (solid profitability, low leverage, positive free cash flow), but is held back by clear technical weakness (below major moving averages with negative momentum) and a relatively high valuation (P/E ~36.6) that leaves less room for near-term execution risk given recent revenue softness and margin normalization.
Positive Factors
Strong recurring profitability
Healthy gross and operating margins indicate that CTT retains meaningful pricing power and an efficient operating model. Sustained profitability provides resources to fund product development, customer support, and aftermarket capabilities across the installed aircraft base.
Negative Factors
Recent revenue contraction
Recent top-line weakness suggests that aircraft production timing, customer spending, or program mix is weighing on demand. Because OE and retrofit revenue can be cyclical, sustained contraction could reduce operating leverage and slow expansion of the installed base.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong recurring profitability
Healthy gross and operating margins indicate that CTT retains meaningful pricing power and an efficient operating model. Sustained profitability provides resources to fund product development, customer support, and aftermarket capabilities across the installed aircraft base.
Read all positive factors
CTT Systems AB (CTT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.82B
Dividend Yield1.74%
Average Volume (3M)10.86K
Price to Earnings (P/E)47.3
Beta (1Y)0.66
Revenue Growth-0.29%
EPS Growth-33.33%
CountrySE
Employees82
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)2.92
Shares Outstanding12,529,443
10 Day Avg. Volume13,159
30 Day Avg. Volume10,855
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)4.14
Revenue Forecast (FY)kr289.00M
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
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 272.60M | 264.40M | 300.10M | 308.90M | 240.60M | 151.30M |
| Gross Profit | 151.00M | 55.20M | 241.70M | 247.70M | 197.40M | 118.50M |
| EBITDA | 53.10M | 55.40M | 119.90M | 127.60M | 98.90M | 38.10M |
| Net Income | 36.60M | 38.60M | 85.50M | 95.50M | 66.30M | 14.20M |
Balance Sheet | ||||||
| Total Assets | 351.20M | 355.80M | 393.20M | 417.30M | 377.10M | 328.60M |
| Cash, Cash Equivalents and Short-Term Investments | 12.10M | 26.60M | 68.70M | 117.90M | 60.10M | 49.30M |
| Total Debt | 46.60M | 35.50M | 44.10M | 41.80M | 45.50M | 72.20M |
| Total Liabilities | 102.80M | 93.80M | 102.70M | 103.30M | 107.80M | 115.60M |
| Stockholders Equity | 248.40M | 262.00M | 290.50M | 314.00M | 269.30M | 213.00M |
Cash Flow | ||||||
| Free Cash Flow | 34.60M | 34.00M | 61.20M | 109.10M | 53.80M | 21.70M |
| Operating Cash Flow | 43.40M | 35.90M | 66.30M | 116.80M | 61.20M | 30.30M |
| Investing Cash Flow | -11.20M | -5.30M | -4.50M | -7.50M | -7.30M | -8.60M |
| Financing Cash Flow | -22.20M | -68.50M | -110.60M | -52.20M | -43.60M | 6.60M |
CTT Systems AB Technical Analysis
Positive
195.40
Price Trends
129.78
Positive
129.42
Positive
144.07
Positive
Market Momentum
4.23
Negative
64.84
Neutral
79.66
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 135.92, above the 50-day MA of 129.78, and above the 200-day MA of 144.07, indicating a bullish trend. The MACD of 4.23 indicates Negative momentum. The RSI at 64.84 is Neutral, neither overbought nor oversold. The STOCH value of 79.66 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | kr329.01B | 45.31 | 15.85% | 0.37% | 26.03% | 35.89% | |
62 Neutral | kr1.82B | 47.33 | ― | 2.75% | -0.29% | -33.33% | |
62 Neutral | kr10.61B | 39.28 | 17.14% | 0.34% | 91.38% | ― | |
56 Neutral | kr792.19M | -19.86 | -5.29% | ― | -12.86% | -1793.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | kr1.93B | 70.39 | 18.20% | ― | ― | ― |
* General Sector Average
SE:CTT
CTT Systems AB
138.20
-85.75
-38.29%
SE:SAAB.B
Saab AB
597.70
93.61
18.57%
SE:AAC
AAC Clyde Space
110.20
-25.40
-18.73%
SE:MILDEF
MilDef Group AB
223.90
70.72
46.17%
SE:GOMX
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11.22
-1.86
-14.22%
SE:UNIBAP
Unibap AB
8.95
2.07
30.09%
CTT Systems AB Corporate Events
CTT Systems Balances OEM Surge With Private Jet Slump in Q2 2026
Jul 21, 2026
CTT Systems AB, a Swedish aerospace supplier, reported second-quarter 2026 net sales of MSEK 75.9, down 5% year-on-year, with EBIT falling to MSEK 14.3 and margins squeezed by weaker private jet activity despite strong growth in original equipment...
CTT Systems to Present Q2 2026 Interim Report via Webcast
Jul 7, 2026
CTT Systems AB has scheduled the release of its interim report for the second quarter of 2026 for July 21 at 08:00 CEST, underscoring an important upcoming update on its financial and operational performance. The company will follow the publicatio...
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.