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Granges AB
(GRNG)
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Rating:57Neutral
Price Target:
kr186.00
▲(13.90% Upside)
Action:Reiterated
Date:07/18/26
The score is held back primarily by sharply weakened and volatile cash generation (negative free cash flow and weak cash conversion) despite solid revenue growth and a manageable leverage profile. Technicals are mixed with a generally supportive longer-term trend but negative MACD, while valuation is moderate (P/E ~17.7, ~1.83% yield) rather than clearly compelling given the cash-flow risk.
Positive Factors
Specialized product & technical know‑how
Gränges' focus on rolled aluminum alloys and process expertise supports durable differentiation versus commodity metal sellers. Long-term OEM and tier relationships for heat exchangers and packaging rely on consistent metallurgy, quality and specs, sustaining conversion margins and recurring volume demand.
Negative Factors
Very weak cash generation
Persistent negative free cash flow materially limits internally funded investment, raises reliance on external financing, and constrains dividends or buybacks. Over multiple quarters, this reduces strategic optionality and increases vulnerability to interest cost changes or tightened credit conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized product & technical know‑how
Gränges' focus on rolled aluminum alloys and process expertise supports durable differentiation versus commodity metal sellers. Long-term OEM and tier relationships for heat exchangers and packaging rely on consistent metallurgy, quality and specs, sustaining conversion margins and recurring volume demand.
Read all positive factors
Granges AB (GRNG) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr18.99B
Dividend Yield2.29%
Average Volume (3M)191.87K
Price to Earnings (P/E)17.7
Beta (1Y)1.02
Revenue Growth22.70%
EPS Growth21.29%
CountrySE
Employees3,511
SectorGeneral
Sector StrengthN/A
IndustryAluminum
Share Statistics
EPS (TTM)11.31
Shares Outstanding106,524,210
10 Day Avg. Volume111,250
30 Day Avg. Volume191,873
Financial Highlights & Ratios
PEG Ratio145.55
Price to Book (P/B)1.60
Price to Sales (P/S)0.55
P/FCF Ratio50.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr170.00Price Target Upside4.10% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)11.84
Revenue Forecast (FY)kr32.49B
Granges AB Business Overview & Revenue Model
Company Description
Gränges AB (publ) is dedicated to the development, production, and distribution of specialized rolled aluminum products. These materials are utilized in thermal regulation systems, niche applications, and custom packaging solutions throughout Euro...
How the Company Makes Money
Gränges makes money primarily by selling aluminum rolled products (and associated product development and technical support) to industrial customers. Its revenue model is largely volume-driven: customers purchase specified rolled aluminum products...
Granges AB Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.07B | 28.36B | 23.50B | 22.52B | 24.49B | 18.13B |
| Gross Profit | 5.39B | 2.95B | 8.02B | 7.28B | 6.72B | 5.34B |
| EBITDA | 2.65B | 2.44B | 2.38B | 2.39B | 1.88B | 1.47B |
| Net Income | 1.20B | 1.01B | 1.01B | 1.01B | 700.00M | 595.00M |
Balance Sheet | ||||||
| Total Assets | 24.47B | 20.63B | 21.40B | 16.69B | 17.53B | 15.77B |
| Cash, Cash Equivalents and Short-Term Investments | 890.00M | 547.00M | 850.00M | 461.00M | 879.00M | 809.00M |
| Total Debt | 6.30B | 4.89B | 5.48B | 3.46B | 5.01B | 4.06B |
| Total Liabilities | 13.19B | 10.38B | 10.56B | 7.88B | 9.32B | 8.84B |
| Stockholders Equity | 10.65B | 9.71B | 10.24B | 8.81B | 8.20B | 6.93B |
Cash Flow | ||||||
| Free Cash Flow | -512.00M | 307.00M | -836.00M | 2.06B | 109.00M | 152.00M |
| Operating Cash Flow | 114.00M | 1.08B | 489.00M | 3.29B | 1.10B | 988.00M |
| Investing Cash Flow | -626.00M | -772.00M | -2.08B | -1.45B | -993.00M | -926.00M |
| Financing Cash Flow | 655.00M | -488.00M | 1.91B | -2.25B | -86.00M | -793.00M |
Granges AB Technical Analysis
Positive
163.30
Price Trends
179.44
Positive
167.59
Positive
152.72
Positive
Market Momentum
-1.33
Negative
58.95
Neutral
53.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GRNG, the sentiment is Positive. The current price of 163.3 is below the 20-day moving average (MA) of 171.38, below the 50-day MA of 179.44, and above the 200-day MA of 152.72, indicating a bullish trend. The MACD of -1.33 indicates Negative momentum. The RSI at 58.95 is Neutral, neither overbought nor oversold. The STOCH value of 53.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:GRNG.
Granges AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr25.68B | 13.86 | 13.67% | 4.87% | -8.75% | -14.76% | |
70 Outperform | kr145.92B | 12.98 | 13.04% | ― | 9.10% | -4.02% | |
59 Neutral | kr70.84B | 25.88 | 3.09% | 2.49% | -3.98% | -23.70% | |
58 Neutral | kr99.68B | 18.39 | 7.23% | 3.80% | -5.66% | 5.97% | |
57 Neutral | kr18.99B | 17.67 | 9.93% | 2.29% | 22.70% | 21.29% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | kr82.73B | 12.51 | ― | 3.46% | -3.54% | ― |
* General Sector Average
SE:GRNG
Granges AB
180.10
49.56
37.97%
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504.40
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SE:HPOL.B
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SE:SSAB.B
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60.02%
SE:STE.R
Stora Enso Oyj
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10.51%
SE:SCA.B
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103.00
-15.99
-13.44%
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.