Lyckegard Group AB (LYGRD) AI Stock Analysis

Lyckegard Group AB

(Nasdaq OMX AB:LYGRD)

Select Model

Rating:63Neutral

Price Target:SEK 3.00▲(10.29% Upside)

Action:reiterated

Date:09/08/26

The overall score of 63 reflects a company in the midst of a significant operational turnaround, with the most impactful factors being its dramatically improved balance sheet and strong revenue growth. However, the score is heavily capped by major risks: a collapse in gross margins and an inability to convert reported profits into free cash flow. While the technical trend is supportive and the balance sheet is now secure, the sustainability of the recovery is questionable until the company proves it can generate high-quality, cash-backed earnings.

Positive Factors

Return to ProfitabilityThe return to positive earnings after losses in 2021–2024 indicates meaningful operational improvement and gives the company a stronger base for reinvestment. If maintained, profitability can support balance-sheet resilience and help fund growth without relying as heavily on external capital.

Negative Factors

Thin Gross MarginsGross margins at only 1–3% leave little room to absorb cost increases, product-mix changes, or execution setbacks. This constrains the durability of reported earnings and means even modest pressure on pricing or direct costs could materially reduce profitability over the next several quarters.

Lyckegard Group AB (LYGRD) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 185.13M
Dividend Yield: ―
Average Volume (3M): 17.62K
Price to Earnings (P/E): 20.9
Beta (1Y): -0.11
Revenue Growth: 19.35%
EPS Growth: ―
Country: Sweden
Employees: 54
Sector: General
Sector Strength: 55
Industry: Agricultural - Machinery

Lyckegard Group AB Business Overview & Revenue Model

Company Description

Lyckegård Group AB (publ), a company based in Staffanstorp, Sweden, focuses on creating, promoting, and distributing mechanical tools specifically designed for sustainable agriculture. Their market reach spans Sweden, Norway, and Finland. The company...

Lyckegard Group AB Financial Statement Overview

Summary

Financial performance is a turnaround story with strong revenue growth and a return to net profitability. However, the score is constrained by a severe gross margin compression to 3.3% and weak free cash flow conversion, indicating the quality of earnings is poor and profits are not translating into cash for shareholders.

Income Statement

65Positive

Balance Sheet

78Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	227.53M	205.38M	184.52M	165.19M	54.30M	39.11M
Gross Profit	7.58M	2.78M	69.22M	71.34M	-20.60M	-11.49M
EBITDA	21.09M	16.11M	-40.25M	-23.58M	-12.80M	-5.47M
Net Income	8.52M	4.94M	-60.78M	-44.50M	-22.29M	-11.28M
Balance Sheet
Total Assets	127.12M	105.15M	107.02M	164.27M	98.97M	59.38M
Cash, Cash Equivalents and Short-Term Investments	13.24M	8.23M	299.00K	2.92M	3.64M	303.09K
Total Debt	13.61M	13.39M	26.84M	38.25M	25.44M	13.41M
Total Liabilities	81.25M	67.36M	89.16M	107.41M	45.14M	36.39M
Stockholders Equity	45.87M	37.79M	17.86M	56.86M	53.83M	22.99M
Cash Flow
Free Cash Flow	-58.00K	6.69M	-2.58M	-3.93M	-14.73M	-5.11M
Operating Cash Flow	10.65M	7.00M	878.00K	3.35M	-9.92M	-2.39M
Investing Cash Flow	-2.38M	-626.00K	-5.50M	-33.98M	-28.31M	-17.34M
Financing Cash Flow	1.33M	1.56M	1.99M	29.91M	41.57M	20.01M

Lyckegard Group AB Technical Analysis

Technical Analysis SentimentNegative

Last Price2.72

Price Trends

50DMA2.90Negative

100DMA2.92Negative

200DMA2.89Negative

Market Momentum

MACD-0.06Positive

RSI42.14Neutral

STOCH57.20Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:LYGRD, the sentiment is Negative. The current price of 2.72 is below the 20-day moving average (MA) of 2.79, below the 50-day MA of 2.90, and below the 200-day MA of 2.89, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 42.14 is Neutral, neither overbought nor oversold. The STOCH value of 57.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:LYGRD.

Lyckegard Group AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:LYGRD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:LYGRD	63Neutral	SEK 185.13M	20.91	―	―	19.35%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:NNH	54Neutral	SEK 93.24M	11.85	―	1.66%	3.50%	58.41%
SE:BOMILL	44Neutral	SEK 56.97M	-7.18	-65.53%	―	395.33%	67.64%
SE:ENZY	44Neutral	SEK 551.01M	-12.24	―	―	-2.36%	23.44%

* General Sector Average

Performance Comparison

SE:LYGRD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:LYGRD	Lyckegard Group AB	2.72	0.04	1.49%
SE:BOMILL	BoMill AB	0.40	-0.20	-33.50%
SE:SE0009994445	Seamless Distribution Systems AB	6.85	1.05	18.10%
SE:BAWAT	Bawat Water Technologies AB	1.00	-0.20	-16.67%
SE:NNH	New Nordic Healthbrands AB	15.05	-8.86	-37.06%
SE:ENZY	Enzymatica AB	2.27	0.32	16.41%

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: Sep 08, 2026

Lyckegard Group AB AI Stock Analysis