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FM Mattsson Mora Group AB Class B (SE:FMM.B)
:FMM.B
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FM Mattsson Mora Group AB Class B (FMM.B) AI Stock Analysis

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SE:FMM.B

FM Mattsson Mora Group AB Class B

(FMM.B)

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Outperform 75 (OpenAI - Gpt-5.6Sol)
Rating:75Outperform
Price Target:
kr138.00
▲(32.69% Upside)
Action:Reiterated
Date:10/01/26
The score is driven primarily by strong financial quality (low leverage, improving margins, and robust free cash flow) and a clear upward technical trend. These positives are partially offset by a relatively expensive valuation (P/E ~30.4) and momentum indicators that look somewhat extended.
Positive Factors
Conservative Leverage
Very low leverage reduces financial strain and preserves flexibility during construction-market weakness. The company can fund operations and selected growth initiatives without relying heavily on borrowing, while solid returns on equity show that profitability is not dependent on aggressive balance-sheet leverage.
Negative Factors
Below-Peak Earnings Power
Current profitability has improved, but it remains below the company’s 2021–2022 peak, indicating that earnings power has not fully recovered. This suggests some exposure to longer-term margin compression or business cyclicality, which could limit the durability of recent profit improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Leverage
Very low leverage reduces financial strain and preserves flexibility during construction-market weakness. The company can fund operations and selected growth initiatives without relying heavily on borrowing, while solid returns on equity show that profitability is not dependent on aggressive balance-sheet leverage.
Read all positive factors

FM Mattsson Mora Group AB Class B (FMM.B) vs. iShares MSCI Sweden ETF (EWD)

FM Mattsson Mora Group AB Class B Business Overview & Revenue Model

Company Description
FM Mattsson Mora Group AB (publ) is dedicated to the creation, production, and distribution of water faucets and complementary products for bathroom and kitchen installations. These items are marketed through a portfolio of recognized brands, incl...
How the Company Makes Money
FM Mattsson Mora Group makes money mainly by manufacturing and selling water and plumbing-related products (notably faucets/mixers and associated fittings/components) under its brands to professional and retail channels. Revenue is generated from ...

FM Mattsson Mora Group AB Class B Financial Statement Overview

Summary
Financial statements indicate improving TTM profitability (net margin ~8.4%, operating margin ~10.5%) and firm gross margin (~38.7%), supported by conservative leverage (debt-to-equity ~0.08) and solid ROE (~15.9%). Free cash flow is strong (~243m) with good earnings conversion (FCF/NI ~0.91), though performance remains below the 2021–2022 peak and cash conversion has shown periodic volatility.
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
78
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.04B1.97B1.88B1.94B1.93B1.82B
Gross Profit789.70M748.80M696.97M699.83M710.83M703.47M
EBITDA325.65M286.33M245.85M293.28M346.09M395.99M
Net Income170.60M145.00M101.92M147.34M193.44M237.26M
Balance Sheet
Total Assets1.94B1.83B1.83B1.78B1.80B1.73B
Cash, Cash Equivalents and Short-Term Investments266.70M247.00M159.20M135.20M69.65M193.87M
Total Debt83.80M87.95M91.55M102.38M90.90M44.90M
Total Liabilities865.50M760.30M765.30M755.92M798.39M924.50M
Stockholders Equity1.08B1.07B1.06B1.02B999.78M806.89M
Cash Flow
Free Cash Flow243.00M216.20M188.50M216.00M33.03M228.29M
Operating Cash Flow267.80M255.00M238.40M266.14M107.75M275.90M
Investing Cash Flow-34.50M-38.20M-50.24M-49.61M-87.43M-123.67M
Financing Cash Flow-134.20M-121.30M-157.77M-151.75M-144.44M-162.42M

FM Mattsson Mora Group AB Class B Technical Analysis

Technical Analysis Sentiment
Positive
Last Price104.00
Price Trends
50DMA
113.95
Positive
100DMA
97.55
Positive
200DMA
89.07
Positive
Market Momentum
MACD
3.61
Negative
RSI
70.15
Negative
STOCH
84.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FMM.B, the sentiment is Positive. The current price of 104 is below the 20-day moving average (MA) of 121.67, below the 50-day MA of 113.95, and above the 200-day MA of 89.07, indicating a bullish trend. The MACD of 3.61 indicates Negative momentum. The RSI at 70.15 is Negative, neither overbought nor oversold. The STOCH value of 84.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:FMM.B.

FM Mattsson Mora Group AB Class B Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
kr5.39B31.5615.87%1.76%6.17%56.62%
73
Outperform
kr17.70B22.1413.24%1.71%3.31%20.40%
69
Neutral
kr11.07B19.2110.36%2.88%10.94%8.56%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
60
Neutral
kr25.27B47.6110.12%1.16%-0.19%78.46%
58
Neutral
kr6.95B26.3813.53%1.60%1.00%―
46
Neutral
kr2.30B21.731.47%8.42%-1.57%-59.22%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:FMM.B
FM Mattsson Mora Group AB Class B
127.50
73.48
136.03%
SE:MTRS
Munters Group AB
138.35
-25.20
-15.41%
SE:INWI
Inwido AB
190.90
52.21
37.64%
SE:BERG.B
Bergman & Beving AB Class B
262.00
-66.95
-20.35%
SE:FAG
Fagerhult AB
13.06
-29.62
-69.40%
SE:SYSR
Systemair AB
85.00
8.29
10.80%

FM Mattsson Mora Group AB Class B Corporate Events

FM Mattsson boosts margins and secures UK market leadership with Bristan deal
Aug 21, 2026
FM Mattsson Mora Group AB reported strong second-quarter 2026 results, with net sales up just over 10 percent year on year and EBITA margin nearly doubling to 15.3 percent on improved volumes, product mix and efficiency gains. Earnings and cash fl...
FM Mattsson boosts UK footprint with acquisition of Bristan Group
Jul 28, 2026
FM Mattsson Group has agreed to acquire Bristan Group Limited, the UK’s leading supplier of taps, showers and brassware, in a deal that significantly expands its presence in one of Europe’s largest bathroom and kitchen mixer markets. B...
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 01, 2026