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GARO AB
(GARO)
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Rating:53Neutral
Price Target:
kr12.50
▼(-29.30% Downside)
Action:Reiterated
Date:10/07/26
The score is held back primarily by weakened financial performance, with TTM losses and high margin volatility outweighing the benefits of a manageable balance sheet and improved (but inconsistent) cash flow. Technicals provide a moderate offset as short- and mid-term momentum is positive, while valuation remains difficult to assess due to negative earnings and no dividend yield data.
Positive Factors
Manageable leverage
Moderate leverage and a substantial equity base provide financial resilience while the company works through weaker profitability. This reduces balance-sheet strain and preserves capacity to fund operations, absorb volatility, and pursue electrification opportunities over the coming quarters.
Negative Factors
Persistent losses
Ongoing net and operating losses show that revenue is not currently producing adequate earnings, weakening internal funding capacity and shareholder returns. The deterioration from earlier profitable years makes a durable recovery in earnings a central execution requirement for the business.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Moderate leverage and a substantial equity base provide financial resilience while the company works through weaker profitability. This reduces balance-sheet strain and preserves capacity to fund operations, absorb volatility, and pursue electrification opportunities over the coming quarters.
Read all positive factors
GARO AB (GARO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr547.00M
Dividend Yield2.56%
Average Volume (3M)30.79K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth-4.95%
EPS Growth10.31%
CountrySE
Employees346
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.93
Shares Outstanding50,000,000
10 Day Avg. Volume45,521
30 Day Avg. Volume30,785
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)1.62
Price to Sales (P/S)0.82
P/FCF Ratio18.49
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)0.7
Revenue Forecast (FY)kr1.10B
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 Un...
How the Company Makes Money
GARO makes money primarily by selling electrical products and electrification solutions to business customers, with revenue largely coming from (1) electrical installation products and (2) EV charging products and related solutions. In its install...
GARO AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| 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 | 99.60M | 180.80M | 236.70M |
| 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
Positive
17.68
Price Trends
11.37
Positive
11.72
Positive
12.73
Negative
Market Momentum
0.04
Negative
61.11
Neutral
67.83
Neutral
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 17.68 is above the 20-day moving average (MA) of 11.13, above the 50-day MA of 11.37, and above the 200-day MA of 12.73, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 61.11 is Neutral, neither overbought nor oversold. The STOCH value of 67.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:GARO.
GARO AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | kr6.93B | 31.47 | 12.00% | 1.56% | -1.23% | ― | |
74 Outperform | kr91.88B | 41.99 | 28.86% | 1.04% | 3.78% | 13.61% | |
64 Neutral | kr932.08M | 23.47 | 5.52% | ― | -13.52% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | kr547.00M | -13.06 | -8.87% | 2.56% | -4.95% | 10.31% | |
52 Neutral | kr1.22B | -15.17 | ― | 0.08% | -4.02% | -623.62% | |
47 Neutral | kr279.45M | -8.31 | ― | ― | 80.80% | 92.27% |
* Industrials Sector Average
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GARO AB Corporate Events
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 u...
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 pro...
GARO to Present Second-Quarter 2026 Interim Report on August 14
Aug 7, 2026
GARO AB will publish its interim report for the second quarter of 2026 on August 14 at 08:30 CEST, providing investors and stakeholders with updated insight into the company’s financial and operational performance for the January–June ...
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.