Idun Industrier AB Class B (IDUN.B) AI Stock Analysis

Idun Industrier AB Class B

(Nasdaq OMX AB:IDUN.B)

Select Model

Rating:60Neutral

Price Target:SEK 355.00▲(7.25% Upside)

Action:reiterated

Date:10/27/26

The score reflects solid but uneven fundamentals: strong cash generation and accelerating earnings are balanced against a very thin 2.4% net margin, elevated leverage near 1.67x equity and slowing growth. Supportive technicals help, with the share price above all key moving averages and positive MACD momentum alongside low volatility. The main drag is valuation, where a P/E of 61.7 and a minimal 0.34% dividend yield leave little room for disappointment. Investors should watch interest costs, acquisition discipline and whether margins expand as the group scales.

Positive Factors

Revenue GrowthContinued revenue growth indicates that the subsidiary portfolio is expanding its aggregate business base despite a moderation from earlier stronger years. Sustained top-line progress can support reinvestment, broaden operating scale, and provide a durable foundation for future earnings growth.

Negative Factors

High LeverageDebt materially exceeds equity, reducing financial flexibility and leaving less capacity to absorb weaker subsidiary earnings. Elevated leverage can also constrain acquisitions, investment, and other capital-allocation choices while increasing the importance of consistent operating cash flow.

Idun Industrier AB Class B (IDUN.B) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 3.82B
Dividend Yield: 0.35%
Average Volume (3M): 7,531
Price to Earnings (P/E): 60.6
Beta (1Y): 0.28
Revenue Growth: 15.50%
EPS Growth: 27.54%
Country: Sweden
Employees: 1,000
Sector: General
Sector Strength: 55
Industry: Asset Management

Idun Industrier AB Class B Business Overview & Revenue Model

Company Description

Idun Industrier AB (publ) operates as an investment holding company with a diverse range of business activities. Primarily, it is engaged in the production and distribution of glass fiber reinforced fat and oil separators, predominantly in Sweden, an...

How the Company Makes Money

Idun Industrier makes money primarily by owning operating subsidiaries and consolidating their financial results. Revenue is generated at the subsidiary level from selling those subsidiaries’ products and/or services to customers, and Idun earns thro...

Idun Industrier AB Class B Financial Statement Overview

Summary

Idun Industrier shows the classic serial-acquirer profile: revenue has more than doubled since 2021 to roughly SEK 2.60 billion, and net income has roughly doubled over two years to about SEK 62 million, lifting return on equity to near 9.9%. Cash flow is the standout, with operating cash flow of SEK 243 million and free cash flow near SEK 186 million (roughly three times reported net income), confirming earnings quality. Offsetting this are a thin net margin of about 2.4%, leverage of roughly 1.67x equity that leaves a limited capital buffer, decelerating growth to mid-single digits, and inconsistent gross-margin reporting that reduces transparency.

Income Statement

61Positive

Balance Sheet

53Neutral

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.60B	2.30B	2.20B	2.06B	1.69B	1.16B
Gross Profit	348.00M	186.00M	649.62M	1.20B	622.56M	433.07M
EBITDA	361.00M	361.00M	363.61M	345.13M	288.45M	201.94M
Net Income	62.00M	54.00M	30.69M	28.34M	35.66M	31.53M
Balance Sheet
Total Assets	2.56B	2.35B	2.38B	2.30B	2.16B	1.71B
Cash, Cash Equivalents and Short-Term Investments	71.00M	154.00M	395.96M	276.20M	337.00M	232.28M
Total Debt	1.08B	989.00M	1.01B	1.00B	935.91M	615.45M
Total Liabilities	1.65B	1.51B	1.52B	1.54B	1.44B	1.04B
Stockholders Equity	650.00M	608.00M	612.99M	427.29M	419.90M	390.41M
Cash Flow
Free Cash Flow	186.22M	157.00M	203.91M	202.03M	-11.86M	119.51M
Operating Cash Flow	243.00M	231.00M	256.42M	242.31M	39.48M	155.53M
Investing Cash Flow	-513.28M	-386.00M	-220.25M	-257.00M	-194.84M	-418.55M
Financing Cash Flow	47.67M	-85.00M	83.51M	-45.56M	258.60M	319.60M

Idun Industrier AB Class B Technical Analysis

Technical Analysis SentimentPositive

Last Price331.00

Price Trends

50DMA318.06Positive

100DMA319.72Positive

200DMA318.13Positive

Market Momentum

MACD4.14Negative

RSI57.12Neutral

STOCH78.98Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:IDUN.B, the sentiment is Positive. The current price of 331.00 is above the 20-day moving average (MA) of 325.05, above the 50-day MA of 318.06, and above the 200-day MA of 318.13, indicating a bullish trend. The MACD of 4.14 indicates Negative momentum. The RSI at 57.12 is Neutral, neither overbought nor oversold. The STOCH value of 78.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:IDUN.B.

Idun Industrier AB Class B Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:IDUN.B against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:SVOL.B	75Outperform	SEK 6.56B	15.63	7.21%	2.18%	1359.94%	4701.57%
SE:ORES	74Outperform	SEK 6.70B	5.32	―	5.02%	-8.09%	220.60%
SE:CRED.A	72Outperform	SEK 11.26B	5.75	16.53%	1.93%	6.97%	50.85%
SE:BURE	61Neutral	SEK 22.72B	4.52	24.04%	0.90%	-3.49%	―
SE:IDUN.B	60Neutral	SEK 3.82B	60.58	7.92%	0.35%	15.50%	27.54%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:RATO.B	54Neutral	SEK 13.28B	-56.44	-1.68%	3.44%	-23.16%	-128.59%

* General Sector Average

Performance Comparison

SE:IDUN.B and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:IDUN.B	Idun Industrier AB Class B	331.00	-11.72	-3.42%
SE:RATO.B	Ratos AB (0KBQ)	41.28	5.97	16.90%
SE:CRED.A	Creades AB Class A	82.65	9.91	13.63%
SE:BURE	Bure Equity AB	303.60	38.53	14.53%
SE:SVOL.B	Svolder AB Class B	62.55	8.93	16.65%
SE:ORES	Investment AB Oresund	148.00	36.44	32.66%

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 27, 2026

Idun Industrier AB Class B AI Stock Analysis