Hanza AB (HANZA) AI Stock Analysis

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Hanza AB

(Nasdaq OMX AB:HANZA)

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Rating:65Neutral

Price Target:SEK 172.00▲(6.70% Upside)

Action:reiterated

Date:10/29/26

The score is primarily supported by solid financial performance—strong TTM growth and positive free cash flow—tempered by margin volatility and historically uneven cash conversion. Technicals are neutral-to-mixed (near-term softness vs the 20-day average but still above longer-term averages), while valuation provides limited support given the higher P/E and low dividend yield.

Positive Factors

Revenue and operating growthHanza is expanding while maintaining solid operating profitability, indicating that its contract manufacturing and industrial services model is gaining customer demand. Continued revenue growth with positive EBITDA and operating margins can support reinvestment in capacity, capabilities, and customer programs over the next several quarters.

Negative Factors

Margin volatilityThe modest net margin and sharp historical gross-margin decline show that Hanza’s profitability can vary materially across periods. This creates uncertainty around the durability of earnings, because changes in customer mix, pricing, or cost normalization could reduce the benefit of continued revenue growth.

Hanza AB (HANZA) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 10.11B
Dividend Yield: 0.93%
Average Volume (3M): 131.14K
Price to Earnings (P/E): 24.6
Beta (1Y): 0.68
Revenue Growth: 71.95%
EPS Growth: 47.50%
Country: Sweden
Employees: 3,431
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Hanza AB Business Overview & Revenue Model

Company Description

Hanza AB (publ) offers a comprehensive suite of manufacturing solutions for various industries. Their diverse service portfolio includes essential processes for both sheet and heavy mechanics, such as precision cutting, bending, stamping, welding, an...

How the Company Makes Money

Hanza primarily makes money by selling contract manufacturing and supply-chain services to OEMs and industrial customers under B2B agreements. Revenue is generated when customers outsource parts of their production or the full manufacturing of produc...

Hanza AB Financial Statement Overview

Summary

Strong revenue growth (+12.89% TTM) and solid current profitability (EBITDA margin ~10.9%, operating margin ~6.3%) supported by meaningful positive free cash flow (~702M TTM, +42.9%). Offsetting this are modest net margins (~4.0%), notable margin volatility (including a sharp gross margin drop in 2025), historically uneven cash conversion, and leverage that has fluctuated materially over time.

Income Statement

74Positive

Balance Sheet

66Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.48B	6.03B	4.85B	4.14B	3.55B	2.52B
Gross Profit	2.62B	386.00M	2.05B	1.84B	1.53B	1.15B
EBITDA	1.03B	663.00M	423.00M	450.00M	297.00M	231.50M
Net Income	381.00M	246.00M	111.00M	214.00M	121.00M	80.00M
Balance Sheet
Total Assets	9.58B	5.31B	3.64B	2.93B	2.54B	1.95B
Cash, Cash Equivalents and Short-Term Investments	710.00M	490.00M	276.00M	340.00M	137.00M	45.80M
Total Debt	2.66B	2.10B	1.01B	689.00M	696.00M	648.60M
Total Liabilities	5.26B	3.49B	2.16B	1.58B	1.64B	1.37B
Stockholders Equity	4.32B	1.81B	1.48B	1.34B	898.00M	585.50M
Cash Flow
Free Cash Flow	702.00M	315.00M	302.00M	28.00M	-35.00M	-15.00M
Operating Cash Flow	1.04B	517.00M	569.00M	277.00M	145.00M	126.10M
Investing Cash Flow	-431.00M	-567.00M	-632.00M	-295.00M	-184.00M	-185.70M
Financing Cash Flow	-164.00M	272.00M	-12.00M	217.00M	120.00M	-21.50M

Hanza AB Technical Analysis

Technical Analysis SentimentPositive

Last Price161.20

Price Trends

50DMA155.88Positive

100DMA146.82Positive

200DMA149.64Positive

Market Momentum

MACD0.91Positive

RSI50.79Neutral

STOCH62.94Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HANZA, the sentiment is Positive. The current price of 161.20 is below the 20-day moving average (MA) of 164.87, above the 50-day MA of 155.88, and above the 200-day MA of 149.64, indicating a neutral trend. The MACD of 0.91 indicates Positive momentum. The RSI at 50.79 is Neutral, neither overbought nor oversold. The STOCH value of 62.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:HANZA.

Hanza AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:HANZA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:HANZA	65Neutral	SEK 10.15B	24.65	―	0.93%	71.95%	47.50%
SE:IDUN.B	63Neutral	SEK 3.82B	60.58	7.92%	0.35%	15.50%	27.54%
SE:NCAB	61Neutral	SEK 16.36B	48.08	―	1.26%	25.45%	75.20%
SE:NMAN	60Neutral	SEK 4.86B	21.66	―	2.89%	-6.05%	-24.08%
SE:NOTE	56Neutral	SEK 4.55B	18.16	14.02%	―	3.96%	-3.46%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

SE:HANZA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:HANZA	Hanza AB	161.20	33.73	26.46%
SE:NOTE	NOTE AB	159.30	-30.80	-16.20%
SE:IDUN.B	Idun Industrier AB Class B	332.00	-25.66	-7.18%
SE:NMAN	Nederman Holding AB	138.40	-19.61	-12.41%
SE:KBC	KB Components AB	41.20	1.46	3.66%
SE:NCAB	NCAB Group AB	87.50	31.16	55.31%

Hanza AB Corporate Events

HANZA AB appoints Nomination Committee ahead of 2027 AGM

Oct 28, 2026

HANZA AB has appointed a four-member Nomination Committee ahead of its 2027 Annual General Meeting, reflecting the voting power of major shareholders who collectively represent about 46 percent of the company’s shares and votes, excluding the B...

HANZA Top Executives Boost Shareholdings in Vote of Confidence

Oct 27, 2026

HANZA’s CEO Erik Stenfors and Chairman of the Board Francesco Franzé have both increased their personal shareholdings in the company, buying 2,000 and 5,000 shares respectively. Following these purchases, Stenfors holds 662,000 shares and...

HANZA AB boosts margins and growth as acquisitions drive expansion toward 2028 targets

Oct 27, 2026

HANZA AB reported a sharp rise in third-quarter 2026 net sales to SEK 2,487 million, up 77 percent year-on-year, with underlying organic growth of 7 percent once currency and acquisition effects are stripped out. Adjusted operating profit more than d...

Hanza to present Q3 2026 interim report on October 27

Oct 6, 2026

Hanza AB, a fast-growing European manufacturing partner, builds its business on integrated regional clusters that provide scalable and sustainable supply chain solutions for large industrial customers, including several multinational engineering and...

HANZA Leaders Fully Subscribe Long-Term Share Savings Plan Tied to 2028 Strategy

Oct 5, 2026

HANZA AB, a fast-growing European manufacturing group listed on Nasdaq Stockholm, specializes in integrated production clusters and tailored manufacturing solutions to simplify and stabilize industrial supply chains. With more than 5,000 employees an...

HANZA completes SEK 20.4 million share buyback program

Aug 3, 2026

HANZA AB has completed its latest share repurchase program, buying back 150,000 shares on Nasdaq Stockholm between 28 and 31 July 2026 for a total consideration of approximately SEK 20.4 million. The buybacks, executed by Pareto Securities AB acting...

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 29, 2026

Hanza AB AI Stock Analysis