Elanders AB Class B (ELAN.B) AI Stock Analysis

Elanders AB Class B

(Nasdaq OMX AB:ELAN.B)

Select Model

Rating:58Neutral

Price Target:SEK 53.00▼(-4.16% Downside)

Action:reiterated

Date:10/27/26

The score is supported primarily by improving operating performance and solid free cash flow, with additional modest support from positive price positioning and the dividend yield. High leverage, weak returns, thin net profitability, and a relatively full P/E limit the overall score.

Positive Factors

Strong Cash GenerationStrong operating and free cash flow provide internal funding for debt service and ongoing operations, while the 26.2% TTM increase improves flexibility. This is a durable advantage if maintained, although the large debt balance means cash generation must continue.

Negative Factors

High Balance-Sheet LeverageHigh leverage increases refinancing and earnings sensitivity risk, particularly because the company operates with low net margins. Debt also limits financial flexibility if demand weakens or capital needs rise, making sustained cash generation important for maintaining balance-sheet resilience.

Elanders AB Class B (ELAN.B) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 1.96B
Dividend Yield: 3.80%
Average Volume (3M): 9,577
Price to Earnings (P/E): 25.8
Beta (1Y): 0.65
Revenue Growth: -8.75%
EPS Growth: ―
Country: Sweden
Employees: 6,397
Sector: Industrials
Sector Strength: 63
Industry: Integrated Freight & Logistics

Elanders AB Class B Business Overview & Revenue Model

Company Description

Elanders AB (publ) functions as an international logistics powerhouse, specializing in extensive supply chain management and tailored print and packaging solutions. Its widespread operations span Sweden, the broader European continent, Asia, and both...

How the Company Makes Money

Elanders makes money primarily by selling services and products across two main business areas: (1) Supply Chain Solutions and (2) Print & Packaging Solutions. In Supply Chain Solutions, revenue is generated from contract logistics and end-to-end sup...

Elanders AB Class B Financial Statement Overview

Summary

Improving margins, positive net income, and solid free cash flow support the score. However, revenue remains below prior highs, net margin and ROE are weak, and leverage is elevated.

Income Statement

62Positive

Balance Sheet

43Neutral

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.79B	12.20B	14.14B	13.87B	14.97B	11.73B
Gross Profit	2.13B	2.17B	2.41B	2.35B	2.23B	1.64B
EBITDA	1.98B	1.82B	2.19B	1.97B	1.94B	1.47B
Net Income	77.00M	-54.00M	176.00M	248.00M	470.00M	322.30M
Balance Sheet
Total Assets	16.10B	15.25B	17.07B	15.63B	14.57B	11.80B
Cash, Cash Equivalents and Short-Term Investments	1.05B	936.00M	1.14B	1.11B	904.00M	898.10M
Total Debt	8.95B	8.86B	10.09B	9.23B	8.10B	6.05B
Total Liabilities	12.43B	11.74B	12.96B	11.77B	10.70B	8.50B
Stockholders Equity	3.65B	3.48B	4.08B	3.84B	3.83B	3.28B
Cash Flow
Free Cash Flow	1.16B	1.04B	1.22B	1.59B	868.10M	923.70M
Operating Cash Flow	1.25B	1.17B	1.42B	1.78B	1.11B	1.06B
Investing Cash Flow	-89.00M	-147.00M	-1.25B	-1.01B	-274.30M	-1.39B
Financing Cash Flow	-1.22B	-1.06B	-207.00M	-532.50M	-897.90M	54.20M

Elanders AB Class B Technical Analysis

Technical Analysis SentimentPositive

Last Price55.30

Price Trends

50DMA50.23Positive

100DMA49.95Positive

200DMA49.66Positive

Market Momentum

MACD1.13Negative

RSI69.78Neutral

STOCH84.30Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ELAN.B, the sentiment is Positive. The current price of 55.30 is above the 20-day moving average (MA) of 50.85, above the 50-day MA of 50.23, and above the 200-day MA of 49.66, indicating a bullish trend. The MACD of 1.13 indicates Negative momentum. The RSI at 69.78 is Neutral, neither overbought nor oversold. The STOCH value of 84.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ELAN.B.

Elanders AB Class B Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

SE:ELAN.B against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:OEM.B	69Neutral	SEK 23.49B	33.18	23.70%	1.03%	11.13%	16.93%
SE:BUFAB	68Neutral	SEK 25.51B	32.60	18.20%	0.97%	8.13%	32.45%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SE:ALLIGO.B	62Neutral	SEK 5.72B	16.02	9.12%	1.94%	4.68%	42.14%
SE:ADDT.B	61Neutral	SEK 83.84B	36.28	28.37%	1.16%	4.32%	15.23%
SE:COOR	61Neutral	SEK 4.68B	17.76	17.45%	6.97%	-0.68%	81.93%
SE:ELAN.B	58Neutral	SEK 1.96B	25.84	2.15%	3.80%	-8.75%	―

* Industrials Sector Average

Performance Comparison

SE:ELAN.B and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:ELAN.B	Elanders AB Class B	55.30	-6.98	-11.21%
SE:ADDT.B	Addtech AB Class B	310.60	-2.47	-0.79%
SE:OEM.B	OEM International AB Class B	169.20	11.67	7.41%
SE:ALLIGO.B	Alligo AB Class B	113.40	-3.55	-3.03%
SE:BUFAB	Bufab AB	134.00	31.17	30.31%
SE:COOR	Coor Service Management Holding AB	49.20	6.38	14.90%

Elanders AB Class B Corporate Events

Elanders Highlights Financial Performance and Global Logistics Position in Q3 2026 Report

Oct 23, 2026

Elanders reported its quarterly performance for January to September 2026, underscoring its role as an integrated logistics and supply chain management specialist with complementary print and packaging solutions. The group highlighted continued globa...

Elanders Schedules Q3 2026 Report Release and Investor Conference Call

Oct 9, 2026

Elanders AB will publish its report for the third quarter of 2026 on October 23 at 11:00 CET and will host a conference call at 15:00 CET the same day, led by President and Group CEO Florian Beck and Group CFO Åsa Vilsson. The company is invitin...

Elanders Strengthens Leadership with New LGI CEO and Group Management Changes

Sep 4, 2026

Elanders AB has appointed logistics industry veteran Christian Berlin as the new CEO of its subsidiary LGI and future member of Group Management, with Berlin bringing over two decades of experience in operations, business development and commercial r...

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.

Date of analysis: Oct 27, 2026

Elanders AB Class B AI Stock Analysis