Want to see SE:INSTAL full AI Analyst Report?
Top Page
Instalco AB
(INSTAL)
Select Model
Select Model
Rating:61Neutral
Price Target:
kr45.00
▲(21.69% Upside)
Action:Reiterated
Date:10/24/26
The score is driven primarily by recovering profitability and an improved leverage profile, which are partly offset by weaker recent free-cash-flow momentum and thin net margins. Technicals are supportive with price above key moving averages and a positive MACD, while valuation is a notable headwind due to a high P/E and modest yield.
Positive Factors
Operating margin recovery
Improving operating and EBITDA margins indicate that execution and profitability are recovering from weaker periods. If sustained, better margins can strengthen earnings resilience, provide more capacity to absorb project variability, and support reinvestment across the specialist subsidiary network.
Negative Factors
Thin net margins
A thin net margin leaves limited room for execution problems, unfavorable project mix, or cost pressure before earnings are affected. This makes durable profitability more sensitive to contract discipline and productivity than the improving operating margin alone suggests.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating margin recovery
Improving operating and EBITDA margins indicate that execution and profitability are recovering from weaker periods. If sustained, better margins can strengthen earnings resilience, provide more capacity to absorb project variability, and support reinvestment across the specialist subsidiary network.
Read all positive factors
Instalco AB (INSTAL) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr10.81B
Dividend Yield1.24%
Average Volume (3M)519.95K
Price to Earnings (P/E)21.2
Beta (1Y)0.88
Revenue Growth8.64%
EPS Growth96.94%
CountrySE
Employees6,291
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.90
Shares Outstanding268,754,760
10 Day Avg. Volume689,835
30 Day Avg. Volume519,946
Financial Highlights & Ratios
PEG Ratio-8.83
Price to Book (P/B)2.15
Price to Sales (P/S)0.51
P/FCF Ratio7.47
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)2.28
Revenue Forecast (FY)kr15.28B
Instalco AB Business Overview & Revenue Model
Company Description
Instalco AB (publ) delivers a broad spectrum of technical installation services throughout Sweden and the broader Nordic region. The company's expertise spans heating and plumbing, electrical systems, ventilation, and industrial cooling. For heati...
How the Company Makes Money
Instalco primarily makes money by selling project-based installation work and recurring service/maintenance work through its portfolio of local specialist subsidiaries. Revenue is typically generated from (1) contract projects where Instalco’s sub...
Instalco AB Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
68
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.60B | 13.60B | 13.69B | 14.28B | 12.06B | 8.89B |
| Gross Profit | 6.04B | 7.11B | 7.23B | 7.06B | 5.88B | 4.34B |
| EBITDA | 1.41B | 1.09B | 1.21B | 1.46B | 1.13B | 913.00M |
| Net Income | 536.00M | 343.00M | 345.00M | 601.00M | 520.00M | 546.00M |
Balance Sheet | ||||||
| Total Assets | 12.25B | 10.27B | 10.31B | 10.72B | 9.57B | 7.59B |
| Cash, Cash Equivalents and Short-Term Investments | 204.00M | 348.00M | 208.00M | 267.00M | 631.00M | 696.00M |
| Total Debt | 4.93B | 3.79B | 3.66B | 3.72B | 3.13B | 2.34B |
| Total Liabilities | 8.40B | 6.87B | 6.93B | 7.33B | 6.42B | 5.09B |
| Stockholders Equity | 3.67B | 3.23B | 3.21B | 3.21B | 2.94B | 2.48B |
Cash Flow | ||||||
| Free Cash Flow | 723.00M | 927.00M | 821.00M | 917.00M | 689.00M | 584.00M |
| Operating Cash Flow | 723.00M | 1.01B | 946.00M | 999.00M | 753.00M | 610.00M |
| Investing Cash Flow | -636.00M | -348.00M | -297.00M | -1.29B | -1.08B | -971.00M |
| Financing Cash Flow | 21.00M | -487.00M | -706.00M | -85.00M | 240.00M | 657.00M |
Instalco AB Technical Analysis
Neutral
36.98
Price Trends
40.23
Positive
39.29
Positive
36.27
Positive
Market Momentum
0.15
Positive
45.03
Neutral
30.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:INSTAL, the sentiment is Neutral. The current price of 36.98 is below the 20-day moving average (MA) of 41.81, below the 50-day MA of 40.23, and above the 200-day MA of 36.27, indicating a neutral trend. The MACD of 0.15 indicates Positive momentum. The RSI at 45.03 is Neutral, neither overbought nor oversold. The STOCH value of 30.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:INSTAL.
Instalco AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | kr31.73B | 21.03 | ― | 2.45% | 4.26% | 30.00% | |
67 Neutral | kr116.22B | 17.63 | 10.96% | 4.95% | -5.70% | 6.78% | |
65 Neutral | kr26.84B | 11.73 | 13.52% | 3.57% | 3.75% | 38.40% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | kr10.81B | 21.18 | 15.56% | 1.24% | 8.64% | 96.94% | |
55 Neutral | kr2.62B | 26.36 | 5.85% | 0.25% | 0.40% | ― | |
48 Neutral | kr16.04B | 228.23 | 1.00% | 5.90% | -10.38% | -95.01% |
* Industrials Sector Average
SE:INSTAL
Instalco AB
40.24
16.31
68.16%
SE:NCC.B
NCC AB
180.30
-25.71
-12.48%
SE:PEAB.B
Peab AB
92.55
18.25
24.56%
SE:SKA.B
Skanska AB
282.40
37.19
15.17%
SE:ELTEL
Eltel AB
16.70
7.76
86.80%
SE:BRAV
Bravida Holding AB
155.00
77.57
100.19%
Instalco AB Corporate Events
Instalco Delivers Strong 2026 Results as ‘Instalco 2.0’ Strategy Gains Traction
Oct 23, 2026
Instalco AB reported strong financial performance for the third quarter and the first nine months of 2026, with rising net sales, improved margins and robust organic growth across its core markets. The group highlighted Sweden as the main driver o...
Instalco Expands Skanska Partnership with Long-Term Framework for Public Buildings
Oct 15, 2026
Instalco has signed a long-term framework agreement with Skanska, under which subsidiaries Bogesunds El Tele and LG Contracting will deliver electrical, heating and plumbing installations for new preschools, schools and sports halls across Sweden...
Instalco to present Q3 2026 results via webcast and teleconference
Oct 12, 2026
Instalco AB, a leading Nordic installation group in electrical, HVAC, plumbing, ventilation, industry and tech consulting, will publish its third-quarter 2026 interim report on 23 October at around 07:30 CET. The company operates more than 175 sub...
Instalco’s Enervion Starts EUR 10m Battery Storage Projects in Arctic Finland
Sep 28, 2026
Instalco’s Finnish subsidiary Enervion Oy, which specialises in large-scale battery and energy storage projects, has begun on-site work for two battery energy storage systems in Kittilä, northern Finland. Each of the Sirkka and Kön...
Instalco Wins NOK 40 Million Trivium Office Ventilation Contract in Stavanger
Sep 22, 2026
Instalco’s Norwegian subsidiary Urd Klima Sandnes has secured a NOK 40 million contract to install a fully integrated ventilation-based heating and cooling system for the new Trivium office building in Stavanger, which will serve as the head...
Instalco Wins SEK 54 Million Electrical Contract for New Kungälv Arena
Sep 16, 2026
Instalco subsidiary Elektro-Centralen AB has secured a SEK 54 million contract to install electrical systems for the new Kungälv Arena in western Sweden. The partnering project with Kungälv Municipality and Vestia Construction Group AB c...
Instalco Wins SEK 100 Million Plumbing Contract in Central Stockholm Renovation
Aug 27, 2026
Instalco subsidiary Rörgruppen has secured a heating and plumbing installation contract from NCC for a culturally significant renovation project in central Stockholm, with an order value of approximately SEK 100 million. The long-term project...
Instalco Wins SEK 30m Building Automation Framework Deal with Region Blekinge
Aug 19, 2026
Instalco’s subsidiary Inmatiq has signed a two-year framework agreement, with an option for a two-year extension, to deliver building automation services to Region Blekinge in southern Sweden. The estimated contract value is around SEK 30 mi...
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.