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Indutrade AB
(INDT)
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Rating:70Outperform
Price Target:
kr298.00
â–˛(20.06% Upside)
Action:Reiterated
Date:10/17/26
The score is primarily driven by solid financial performance (strong profitability and cash generation, improving leverage metrics), supported by a bullish price trend. These positives are tempered by a stretched technical setup (overbought RSI/Stoch) and a high valuation (P/E ~36.8 with a modest yield), plus some variability and a TTM debt data quality flag in the financials.
Positive Factors
Niche industrial portfolio
The decentralized portfolio of niche industrial businesses supports customer intimacy, specialized expertise, and exposure to multiple end markets. Long-term customer relationships and differentiated applications can help preserve competitive positioning and provide a durable platform for organic development and acquisitions.
Negative Factors
Net margin pressure
The decline in net margin shows that strong gross and EBIT profitability has not fully translated into bottom-line earnings. Persistent pressure from costs, business mix, or integration could reduce the cash available for acquisitions and weaken the earnings benefit from future growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Niche industrial portfolio
The decentralized portfolio of niche industrial businesses supports customer intimacy, specialized expertise, and exposure to multiple end markets. Long-term customer relationships and differentiated applications can help preserve competitive positioning and provide a durable platform for organic development and acquisitions.
Read all positive factors
Indutrade AB (INDT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr96.91B
Dividend Yield1.16%
Average Volume (3M)400.03K
Price to Earnings (P/E)36.3
Beta (1Y)1.26
Revenue Growth2.02%
EPS Growth-0.48%
CountrySE
Employees10,021
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)7.36
Shares Outstanding364,323,000
10 Day Avg. Volume367,165
30 Day Avg. Volume400,033
Financial Highlights & Ratios
PEG Ratio-4.97
Price to Book (P/B)5.12
Price to Sales (P/S)2.72
P/FCF Ratio25.01
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)9.57
Revenue Forecast (FY)kr35.25B
Indutrade AB Business Overview & Revenue Model
Company Description
Indutrade AB (publ), a Swedish company established in Kista in 1919, operates as a global industrial group specializing in the development, manufacture, and distribution of a diverse range of components, systems, and services. Serving various indu...
How the Company Makes Money
Indutrade makes money primarily by selling products and services through its operating subsidiaries. Revenue is generated from (1) distribution and trading of technical components and equipment (buying from manufacturers and selling to industrial ...
Indutrade AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
76
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.12B | 32.23B | 32.54B | 31.84B | 27.02B | 21.71B |
| Gross Profit | 11.80B | 11.40B | 11.40B | 11.05B | 9.36B | 7.61B |
| EBITDA | 5.69B | 5.48B | 5.80B | 5.77B | 4.90B | 3.89B |
| Net Income | 2.68B | 2.56B | 2.75B | 2.87B | 2.68B | 2.10B |
Balance Sheet | ||||||
| Total Assets | 36.46B | 33.23B | 34.42B | 31.28B | 28.86B | 22.00B |
| Cash, Cash Equivalents and Short-Term Investments | 1.36B | 2.39B | 3.05B | 3.01B | 1.59B | 1.46B |
| Total Debt | 5.85B | 9.55B | 10.79B | 10.46B | 9.93B | 6.60B |
| Total Liabilities | 18.57B | 16.11B | 17.77B | 16.79B | 16.09B | 11.70B |
| Stockholders Equity | 17.88B | 17.11B | 16.64B | 14.47B | 12.76B | 10.29B |
Cash Flow | ||||||
| Free Cash Flow | 3.68B | 3.50B | 3.65B | 3.95B | 1.82B | 2.48B |
| Operating Cash Flow | 4.13B | 3.99B | 4.13B | 4.49B | 2.37B | 2.85B |
| Investing Cash Flow | -3.34B | -2.23B | -2.50B | -2.13B | -3.32B | -2.00B |
| Financing Cash Flow | -992.00M | -2.34B | -1.63B | -932.00M | 991.00M | -200.00M |
Indutrade AB Technical Analysis
Positive
248.20
Price Trends
252.30
Positive
234.32
Positive
224.84
Positive
Market Momentum
5.06
Negative
63.05
Neutral
72.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:INDT, the sentiment is Positive. The current price of 248.2 is below the 20-day moving average (MA) of 261.63, below the 50-day MA of 252.30, and above the 200-day MA of 224.84, indicating a bullish trend. The MACD of 5.06 indicates Negative momentum. The RSI at 63.05 is Neutral, neither overbought nor oversold. The STOCH value of 72.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:INDT.
Indutrade AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr147.08B | 38.25 | 19.63% | 0.83% | 7.24% | 12.86% | |
70 Outperform | kr96.91B | 36.30 | 15.37% | 1.16% | 2.02% | -0.48% | |
69 Neutral | kr23.66B | 33.41 | 23.70% | 1.03% | 11.13% | 16.93% | |
67 Neutral | kr74.26B | 31.78 | 10.47% | 0.98% | -0.16% | -0.47% | |
66 Neutral | kr26.65B | 38.05 | 16.99% | 0.92% | 4.63% | 18.42% | |
64 Neutral | kr88.27B | 39.73 | 28.86% | 1.10% | 3.78% | 13.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:INDT
Indutrade AB
258.60
1.87
0.73%
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13.81
9.07%
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Indutrade AB Corporate Events
Indutrade Strengthens Life Science Portfolio with Acquisition of Poland’s Sinmed
Oct 21, 2026
Indutrade is expanding its life science operations with the acquisition of Sinmed Sp. z o.o., a Polish technical trading company specialising in single-use products and medical consumables. Sinmed, founded in 2016 and based in Przyszowice, Poland,...
Indutrade expands Polish footprint with acquisition of imaging specialist Euromed
Oct 19, 2026
Indutrade AB has agreed to acquire all shares in Euromed Medical Solution, a Polish technical trading company specialising in diagnostic imaging equipment, primarily ultrasound systems for healthcare and veterinary use. Euromed, founded in 2005 an...
Indutrade schedules webcast for January–September 2026 interim report
Oct 2, 2026
Indutrade AB will publish its interim report for January to September 2026 on 23 October, with a live webcast scheduled the same day at 9:30 CEST. President and CEO Bo Annvik and interim CFO Jan Öhman will present the results in English, foll...
Indutrade names Nomination Committee ahead of 2027 AGM
Sep 23, 2026
Indutrade AB has appointed its Nomination Committee ahead of the 2027 Annual General Meeting, in line with its standing instruction that the committee comprise representatives of four of the largest shareholders and the Chair of the Board. The com...
Indutrade expands energy-focused portfolio with acquisition of Dutch firm Controlin
Jul 23, 2026
Indutrade AB has acquired all shares in Dutch firm Controlin B.V., a technical trading and application engineering company specialising in energy and power management and industrial automation solutions. Controlin, founded in 2002 and based in Rid...
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.