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Lagercrantz Group AB Class B
(LAGR.B)
Select Model
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Rating:62Neutral
Price Target:
kr242.00
▲(6.61% Upside)
Action:Reiterated
Date:07/18/26
The score is primarily supported by strong profitability and solid free cash flow conversion, but it is held back by meaningful leverage and slowing revenue growth. Technicals are neutral-to-soft with the price below key short-term moving averages, and valuation is a notable headwind due to the high P/E and low dividend yield.
Positive Factors
High profit margins
Sustained gross and operating margins indicate durable pricing power and value-added offerings across subsidiaries. Stable ~39% gross and ~16% operating margins reflect a business model that captures value from distribution, integration and aftermarket services, supporting long-term cash generation and reinvestment capacity.
Negative Factors
Meaningful leverage
Debt equal to equity raises financial risk and interest exposure, reducing resilience to demand shocks. Meaningful leverage constrains capital allocation flexibility for acquisitions or shareholder returns, and increases refinancing and interest-rate sensitivity in a higher-rate environment.
Read all positive and negative factors
Positive Factors
Negative Factors
High profit margins
Sustained gross and operating margins indicate durable pricing power and value-added offerings across subsidiaries. Stable ~39% gross and ~16% operating margins reflect a business model that captures value from distribution, integration and aftermarket services, supporting long-term cash generation and reinvestment capacity.
Read all positive factors
Lagercrantz Group AB Class B (LAGR.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr45.54B
Dividend Yield1.13%
Average Volume (3M)212.27K
Price to Earnings (P/E)36.3
Beta (1Y)1.30
Revenue Growth14.91%
EPS Growth18.06%
CountrySE
Employees3,822
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)6.08
Shares Outstanding199,442,840
10 Day Avg. Volume283,195
30 Day Avg. Volume212,271
Financial Highlights & Ratios
PEG Ratio1.94
Price to Book (P/B)9.24
Price to Sales (P/S)3.86
P/FCF Ratio31.83
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
Revenue Forecast (FY)kr12.01B
Lagercrantz Group AB Class B Business Overview & Revenue Model
Company Description
Lagercrantz Group AB (publ) functions as a technology enterprise with a significant operational footprint across Sweden, Denmark, Norway, Finland, the United Kingdom, Germany, Poland, the wider European region, and globally. The company is structu...
How the Company Makes Money
Lagercrantz makes money primarily by selling niche technology products and related solutions through its operating subsidiaries. Revenue is mainly generated from (1) distribution and resale of specialized components and equipment sourced from exte...
Lagercrantz Group AB Class B Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
68
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.04B | 10.61B | 9.39B | 8.13B | 7.25B | 5.48B |
| Gross Profit | 4.32B | 4.17B | 3.66B | 3.20B | 2.74B | 2.09B |
| EBITDA | 2.13B | 2.26B | 1.50B | 1.70B | 1.43B | 1.08B |
| Net Income | 1.25B | 1.20B | 1.02B | 877.00M | 758.00M | 572.00M |
Balance Sheet | ||||||
| Total Assets | 13.61B | 12.77B | 11.22B | 9.84B | 8.03B | 6.21B |
| Cash, Cash Equivalents and Short-Term Investments | 386.00M | 331.00M | 456.00M | 355.00M | 360.00M | 210.00M |
| Total Debt | 4.92B | 4.54B | 4.04B | 3.25B | 2.63B | 2.16B |
| Total Liabilities | 8.89B | 8.34B | 7.38B | 6.37B | 5.02B | 3.98B |
| Stockholders Equity | 4.72B | 4.44B | 3.84B | 3.47B | 3.01B | 2.23B |
Cash Flow | ||||||
| Free Cash Flow | 1.24B | 1.29B | 1.20B | 1.21B | 892.00M | 471.00M |
| Operating Cash Flow | 1.49B | 1.50B | 1.32B | 1.33B | 1.07B | 594.00M |
| Investing Cash Flow | -1.33B | -1.31B | -1.29B | -1.29B | -1.02B | -765.00M |
| Financing Cash Flow | -400.00M | -316.00M | 90.00M | -47.00M | 87.00M | 224.00M |
Lagercrantz Group AB Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | kr139.17B | 36.22 | 19.63% | 0.88% | 7.24% | 12.86% | |
73 Outperform | kr24.02B | 35.43 | 23.72% | 1.03% | 6.64% | 12.05% | |
68 Neutral | kr88.27B | 39.37 | 28.86% | 1.11% | 3.78% | 13.61% | |
67 Neutral | kr25.66B | 36.22 | 16.99% | 0.97% | 4.63% | 18.42% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | kr45.54B | 36.32 | 29.32% | 1.13% | 14.91% | 18.06% | |
61 Neutral | kr6.81B | 29.55 | 12.00% | 1.66% | -1.23% | ― |
* Industrials Sector Average
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Lagercrantz Group AB Class B Corporate Events
Lagercrantz Group Sets August 2026 AGM with Expanded Postal Voting Option
Jul 23, 2026
Lagercrantz Group AB has called its Annual General Meeting for 25 August 2026 in Stockholm, offering shareholders the option to attend in person at IVA’s Conference Centre or to vote in advance by post under the company’s articles of a...
Lagercrantz Extends Growth Run With Strong Q1 and Active Acquisition Strategy
Jul 17, 2026
Lagercrantz Group AB began its 2026/27 financial year with a strong first quarter, reporting net revenue growth of 18% to SEK 2,907 million and organic growth of 6%, alongside a 15% rise in operating profit and a stable EBITA margin. Profit after ...
Lagercrantz Group Sets Out Strategy and Structure in 2025/26 Annual Report
Jul 6, 2026
Lagercrantz Group AB presents its 2025/26 annual report, outlining operations across divisions from Electrify and Control to TecSec, Niche Products and International, alongside governance, financials, and statutory sustainability reporting. The re...
Lagercrantz expands MedTech portfolio with acquisition of UK weighing specialist Marsden
Jun 17, 2026
Lagercrantz Group AB has acquired 100% of Marsden Weighing Machine Group Limited, a UK-based specialist in ISO-certified weighing solutions for healthcare and industrial markets, serving hospitals, community healthcare, GP practices, care homes, i...
Lagercrantz buys Swedish silencer maker Stalon to bolster niche tech portfolio
May 21, 2026
Lagercrantz Group AB has acquired 88% of Swedish company Stalon AB, a manufacturer of silencers for hunting firearms that develops and produces its products in-house in northern Sweden and generates around SEK 36 million in annual revenue with str...
Lagercrantz lifts earnings to record levels as M&A and margins advance
May 19, 2026
Lagercrantz Group AB reported a strong 2025/26 year, with net revenue up 13% to SEK 10.6 billion and EBITA rising 17% to SEK 1.9 billion, lifting the EBITA margin to 18.1%. Earnings per share climbed 18% and return on equity reached 29%, while the...
Glossary
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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.