GARO AB (GARO) AI Stock Analysis

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GARO AB

(Nasdaq OMX AB:GARO)

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Rating:56Neutral

Price Target:SEK 15.00▲(4.17% Upside)

Action:reiterated

Date:11/14/26

The score is primarily constrained by sustained losses, weak profitability, and negative earnings-based valuation. Recent positive cash flow, a resilient balance sheet, and favorable technical momentum provide important offsets, resulting in a mid-range overall score.

Positive Factors

Manageable leverageManageable and improving leverage gives GARO financial flexibility while it works through weaker profitability. A substantial equity base can help absorb operating volatility and preserve capacity for investment in electrical installation and e-mobility products over the next several quarters.

Negative Factors

Sustained lossesSustained net and operating losses weaken GARO’s ability to fund growth from earnings and indicate that its current business mix is not generating adequate profitability. Continued losses could erode equity returns and limit strategic flexibility even with manageable leverage.

GARO AB (GARO) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 640.00M
Dividend Yield: ―
Average Volume (3M): 38.62K
Price to Earnings (P/E): -15.5
Beta (1Y): 0.37
Revenue Growth: -4.95%
EPS Growth: 10.31%
Country: Sweden
Employees: 346
Sector: Industrials
Sector Strength: 63
Industry: Electrical Equipment & Parts

GARO AB Business Overview & Revenue Model

Company Description

Garo Aktiebolag (publ) and its subsidiaries are engaged in the development, manufacturing, and distribution of electrical installation solutions and systems. Their market presence extends across Sweden, Norway, Finland, Poland, Ireland, and the Unite...

GARO AB Financial Statement Overview

Summary

Financial quality is mixed: profitability has deteriorated into losses, while the balance sheet remains reasonably resilient and operating and free cash flow have recently turned positive. The score reflects meaningful recovery signs but continued margin and execution risks.

Income Statement

35Negative

Balance Sheet

60Neutral

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.03B	1.04B	1.15B	1.37B	1.39B	1.30B
Gross Profit	188.60M	478.90M	481.50M	60.60M	668.50M	650.20M
EBITDA	8.70M	43.70M	500.00K	109.40M	192.00M	248.10M
Net Income	-46.10M	-17.50M	-60.10M	31.30M	120.50M	166.70M
Balance Sheet
Total Assets	1.02B	1.00B	1.11B	1.20B	1.15B	936.90M
Cash, Cash Equivalents and Short-Term Investments	6.30M	17.00M	16.50M	50.00M	29.50M	81.60M
Total Debt	217.00M	256.80M	298.10M	272.10M	173.20M	72.20M
Total Liabilities	523.10M	475.60M	556.60M	589.10M	539.40M	385.40M
Stockholders Equity	495.80M	529.40M	555.50M	609.50M	614.10M	551.50M
Cash Flow
Free Cash Flow	43.50M	46.30M	-55.40M	-82.60M	-30.90M	76.40M
Operating Cash Flow	54.00M	57.90M	-35.80M	25.60M	89.20M	121.70M
Investing Cash Flow	-22.60M	-11.60M	-17.10M	-51.00M	-119.10M	-44.30M
Financing Cash Flow	-36.30M	-44.90M	18.10M	45.00M	-22.40M	-65.40M

GARO AB Technical Analysis

Technical Analysis SentimentPositive

Last Price14.40

Price Trends

50DMA11.67Positive

100DMA11.56Positive

200DMA12.14Positive

Market Momentum

MACD0.45Negative

RSI73.87Negative

STOCH85.52Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GARO, the sentiment is Positive. The current price of 14.40 is above the 20-day moving average (MA) of 12.10, above the 50-day MA of 11.67, and above the 200-day MA of 12.14, indicating a bullish trend. The MACD of 0.45 indicates Negative momentum. The RSI at 73.87 is Negative, neither overbought nor oversold. The STOCH value of 85.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:GARO.

GARO AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

SE:GARO against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:CTEK	64Neutral	SEK 947.48M	20.42	6.89%	―	-12.11%	―
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SE:ADDT.B	61Neutral	SEK 89.99B	38.81	28.37%	1.08%	4.32%	15.23%
SE:BERG.B	61Neutral	SEK 6.96B	26.28	13.53%	1.61%	1.00%	―
SE:GARO	56Neutral	SEK 640.00M	-15.52	-8.87%	―	-4.95%	10.31%
SE:FERRO	49Neutral	SEK 360.37M	-10.85	―	―	154.86%	47.11%
SE:CCC	48Neutral	SEK 1.11B	-13.89	―	―	6.10%	-393.38%

* Industrials Sector Average

Performance Comparison

SE:GARO and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:GARO	GARO AB	14.40	-2.58	-15.19%
SE:ADDT.B	Addtech AB Class B	332.20	22.88	7.40%
SE:BERG.B	Bergman & Beving AB Class B	261.00	-40.38	-13.40%
SE:CTEK	CTEK AB	14.70	1.86	14.49%
SE:FERRO	Ferroamp AB	3.34	1.55	86.59%
SE:CCC	Cavotec Group AB	10.30	-5.00	-32.68%

GARO AB Corporate Events

GARO Reports Growth and Improved Operating Profitability

Nov 13, 2026

GARO Electrification’s release concerns electrification activities and the GARO Entity product family. Third-quarter net sales rose 6% to MSEK 265.9, while operating EBIT increased to MSEK 9.9 from MSEK 2.5 and its margin reached 3.8% from 1.0%. For...

GARO to Present January–September 2026 Interim Report

Nov 6, 2026

GARO is an international electrical installation solutions company serving the installation, e-mobility, projects and temporary electricity markets. Its products and systems emphasize electrical safety, ease of use and sustainability.The company will...

GARO Appoints Nomination Committee Ahead of 2027 AGM

Oct 20, 2026

GARO AB has appointed a Nomination Committee in line with previously adopted guidelines to prepare proposals for its 2027 Annual General Meeting, including the chair of the meeting, the composition and remuneration of the Board of Directors, and the...

GARO Shuts Down Entity Charger Line to Refocus on Core Electrification Business

Oct 1, 2026

GARO AB is refocusing its E-mobility operations by discontinuing sales of the proprietary GARO Entity vehicle charger and reallocating resources to its broader Electrification portfolio. The move follows a strategic review after several years of unsu...

GARO Steps Up Restructuring as Profitability Slides in First Half 2026

Aug 14, 2026

GARO AB reported modest net sales growth of 2% in the second quarter to MSEK 272.3, but swung to an operating loss with an EBIT margin of -6.3%, contributing to a first-half net loss of MSEK 37.4 and negative earnings per share. Despite weaker profit...

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: Nov 14, 2026

GARO AB AI Stock Analysis