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Hanza AB
(HANZA)
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Rating:63Neutral
Price Target:
kr139.00
â–Ľ(-0.29% Downside)
Action:Reiterated
Date:07/23/26
The score is led by solid financial performance—strong revenue growth, acceptable margins, and healthy free cash flow—tempered by moderate leverage and historical volatility in margins/leverage. Technicals are mixed with a negative MACD and price below key mid-term averages, while valuation is reasonable but not compelling given a ~22.9 P/E and low dividend yield.
Positive Factors
Revenue Growth and Scale
Sustained double-digit revenue growth and sizable TTM sales (8.4B) point to expanding market traction and program wins. Larger scale improves bargaining power with suppliers, spreads fixed costs, and supports continued investment in capacity and customer onboarding over months.
Negative Factors
Absolute Debt Load
Material absolute debt constrains financial flexibility: with cash-flow-to-debt coverage under 0.5x, the company has limited headroom for large unexpected shocks or aggressive expansion without raising costs of capital or slowing buybacks/dividends.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Scale
Sustained double-digit revenue growth and sizable TTM sales (8.4B) point to expanding market traction and program wins. Larger scale improves bargaining power with suppliers, spreads fixed costs, and supports continued investment in capacity and customer onboarding over months.
Read all positive factors
Hanza AB (HANZA) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr9.38B
Dividend Yield1.01%
Average Volume (3M)100.97K
Price to Earnings (P/E)23.7
Beta (1Y)0.59
Revenue Growth60.99%
EPS Growth71.83%
CountrySE
Employees5,260
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)6.28
Shares Outstanding62,959,340
10 Day Avg. Volume105,644
30 Day Avg. Volume100,966
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)3.20
Price to Sales (P/S)0.96
P/FCF Ratio18.40
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)7.89
Revenue Forecast (FY)kr10.48B
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,...
How the Company Makes Money
Hanza makes money primarily by delivering outsourced manufacturing services to B2B customers and charging for the production work it performs across its integrated manufacturing offering. Its core revenue stream is contract manufacturing: customer...
Hanza AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.40B | 6.03B | 4.85B | 4.14B | 3.55B | 2.52B |
| Gross Profit | 1.57B | 386.00M | 2.05B | 1.84B | 1.53B | 1.15B |
| EBITDA | 931.00M | 663.00M | 423.00M | 450.00M | 297.00M | 231.50M |
| Net Income | 336.00M | 246.00M | 111.00M | 214.00M | 121.00M | 80.00M |
Balance Sheet | ||||||
| Total Assets | 9.29B | 5.31B | 3.64B | 2.93B | 2.54B | 1.95B |
| Cash, Cash Equivalents and Short-Term Investments | 773.00M | 490.00M | 276.00M | 340.00M | 137.00M | 45.80M |
| Total Debt | 2.72B | 2.10B | 1.01B | 689.00M | 696.00M | 648.60M |
| Total Liabilities | 5.14B | 3.49B | 2.16B | 1.58B | 1.64B | 1.37B |
| Stockholders Equity | 4.16B | 1.81B | 1.48B | 1.34B | 898.00M | 585.50M |
Cash Flow | ||||||
| Free Cash Flow | 699.00M | 315.00M | 302.00M | 28.00M | -35.00M | -15.00M |
| Operating Cash Flow | 983.00M | 517.00M | 569.00M | 277.00M | 145.00M | 126.10M |
| Investing Cash Flow | -365.00M | -567.00M | -632.00M | -295.00M | -184.00M | -185.70M |
| Financing Cash Flow | -170.00M | 272.00M | -12.00M | 217.00M | 120.00M | -21.50M |
Hanza AB Technical Analysis
Positive
139.40
Price Trends
136.49
Positive
148.05
Positive
142.05
Positive
Market Momentum
2.36
Negative
64.84
Neutral
76.37
Neutral
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 139.4 is above the 20-day moving average (MA) of 138.40, above the 50-day MA of 136.49, and below the 200-day MA of 142.05, indicating a bullish trend. The MACD of 2.36 indicates Negative momentum. The RSI at 64.84 is Neutral, neither overbought nor oversold. The STOCH value of 76.37 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | kr9.38B | 23.73 | ― | 1.01% | 60.99% | 71.83% | |
60 Neutral | kr5.04B | 20.30 | 14.63% | 4.37% | 3.96% | -3.46% | |
58 Neutral | kr15.16B | 55.55 | ― | 1.36% | 13.03% | 48.02% | |
57 Neutral | kr4.63B | 18.91 | ― | 3.03% | -5.51% | -14.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | kr3.57B | 65.13 | 7.92% | 0.37% | 10.57% | 31.96% |
* General Sector Average
SE:HANZA
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Hanza AB Corporate Events
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 acti...
HANZA AB Launches SEK 25 Million Share Buyback to Support Capital Strategy
Jul 27, 2026
HANZA AB has launched a share repurchase program, authorizing the buyback of up to 150,000 shares for a maximum consideration of SEK 25 million between July 27 and August 31, 2026. The program aims to optimize the company’s capital structure...
HANZA CEO and Chairman Boost Stakes as Manufacturing Group Scales Up
Jul 21, 2026
HANZA’s CEO Erik Stenfors has purchased 5,000 HANZA shares for a total of SEK 653,750, increasing his holding to 660,000 shares in the company. Chairman of the Board Francesco Franzé has acquired 9,000 shares for SEK 1,164,600, bringing...
HANZA boosts profits and expands heavy mechanics in drive toward 2028 targets
Jul 21, 2026
HANZA AB reported strong growth for the first half and second quarter of 2026, with net sales rising 70% in the quarter and 84% year to date, driven by both acquisitions and 9–14% organic growth. Adjusted operating margins improved to 8.5%, ...
HANZA boosts European manufacturing with Fortaco plant acquisition
Jul 15, 2026
HANZA AB has agreed to acquire five manufacturing facilities from Fortaco in Finland, Estonia and Poland, adding around 1,300 employees and annual revenue of roughly EUR 170 million. The sites specialize in heavy mechanical structures and complex ...
HANZA Reshapes Regional Structure as Horizon Program Advances
Jul 15, 2026
HANZA AB is a Sweden-based manufacturing services group that simplifies complex supply chains by combining regional production clusters with advisory services. Listed on Nasdaq Stockholm, the company employs around 5,000 staff, generates annual sa...
HANZA to Close Gateway China Plant as Part of 2028 Strategy Push
Jul 14, 2026
HANZA AB is advancing its HANZA 2028 strategy, which aims to broaden the group’s manufacturing capabilities by adding new technologies and enlarging existing production capacity within its regional clusters. The Sweden-based group, listed on...
HANZA streamlines Finnish manufacturing cluster under HANZA 2028 strategy
Jul 10, 2026
HANZA AB is a fast-growing European manufacturing partner that simplifies industrial supply chains by integrating manufacturing clusters with advisory services. Listed on Nasdaq Stockholm, the company employs around 5,000 people, has annual sales ...
Hanza schedules Q2 2026 interim report release and investor presentation
Jun 29, 2026
Hanza AB plans to publish its interim report for the second quarter of 2026 on July 21 at 7:30 a.m. CET, followed by an English-language presentation for investors, analysts and media at 10:00 a.m. CET led by CEO Erik Stenfors and CFO Lars Åk...
HANZA launches non-dilutive long-term share savings plan for key staff
Jun 22, 2026
HANZA AB has introduced a new long-term share savings program, LTIP 2026, targeted at senior executives and key long-term employees, covering up to 55 participants. The scheme grants performance shares at no cost, contingent on personal investment...
HANZA CEO and Chairman Boost Stakes in Supply-Chain Specialist
Jun 16, 2026
HANZA’s CEO Erik Stenfors and Chairman of the Board Francesco Franzé have both increased their personal stakes in the company, buying 5,000 shares each in recent days for a combined investment of just over SEK 1.5 million. Following the...
HANZA Calls Extraordinary Meeting to Revive Long‑Term Share Incentive Plan
May 28, 2026
HANZA AB has called an extraordinary general meeting for 22 June 2026 in Kista, Sweden, after its board withdrew a previous incentive proposal at the May annual meeting due to insufficient represented voting power. The new meeting will ask shareho...
HANZA AGM Approves Dividend, Board Mandates and Governance Changes
May 12, 2026
HANZA AB’s Annual General Meeting approved the 2025 financial statements and set a dividend of SEK 1.50 per share, corresponding to SEK 94 million before a shareholder contribution adjustment linked to the BMK acquisition that reduces the ne...
HANZA Delivers Record Quarter and Sets Ambitious 2028 Growth Targets
May 5, 2026
HANZA AB reported a record first quarter of 2026, with net sales doubling to SEK 2.65 billion and organic growth of 20%, while the operating margin for comparable units rose to 9.7%. Adjusted operating profit climbed to SEK 227 million, earnings p...
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.