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Lyckegard Group AB (SE:LYGRD)
:LYGRD
Sweden Market
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Lyckegard Group AB (LYGRD) AI Stock Analysis

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SE:LYGRD

Lyckegard Group AB

(LYGRD)

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Neutral 60 (OpenAI - Gpt-5.6Sol)
Rating:60Neutral
Price Target:
kr3.50
▲(26.35% Upside)
Action:Reiterated
Date:09/08/26
Overall score is driven primarily by improving fundamentals (return to profitability and better balance-sheet leverage), but is held back by weak cash-flow durability (TTM free cash flow slightly negative) and very thin gross margins. Technicals are mildly supportive with the stock trading above key moving averages, while valuation (P/E 22.44 with no dividend yield provided) is not especially compelling given remaining quality-of-earnings risks.
Positive Factors
Return to profitability
The return to positive earnings after several loss-making years indicates meaningful operational improvement and gives the company a stronger base for reinvestment. If maintained, profitability can support resilience, improve access to capital, and strengthen the business over the next several quarters.
Negative Factors
Very thin gross margins
Gross margins at this level leave little room to absorb cost increases, pricing pressure, or changes in product mix. They also make earnings more sensitive to small operational fluctuations, limiting the durability of profitability and reducing the benefit of revenue growth unless margins recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to profitability
The return to positive earnings after several loss-making years indicates meaningful operational improvement and gives the company a stronger base for reinvestment. If maintained, profitability can support resilience, improve access to capital, and strengthen the business over the next several quarters.
Read all positive factors

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

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 comp...

Lyckegard Group AB Financial Statement Overview

Summary
Financials show a credible turnaround with TTM profitability (net income 8.5M; net margin ~3.7%) and improved leverage (debt-to-equity ~0.30; ROE ~21.9%). However, gross margins are currently very thin (~1–3%) and cash conversion is weak with TTM free cash flow slightly negative (~-0.06M), making the recovery less durable than the earnings suggest.
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
48
Neutral
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue227.53M205.38M184.52M165.19M54.30M39.11M
Gross Profit7.58M2.78M69.22M71.34M-20.60M-11.49M
EBITDA21.09M16.11M-40.25M-23.58M-12.80M-5.47M
Net Income8.52M4.94M-60.78M-44.50M-22.29M-11.28M
Balance Sheet
Total Assets127.12M105.15M107.02M164.27M98.97M59.38M
Cash, Cash Equivalents and Short-Term Investments13.24M8.23M299.00K2.92M3.64M303.09K
Total Debt13.61M13.39M26.84M38.25M25.44M13.41M
Total Liabilities81.25M67.36M89.16M107.41M45.14M36.39M
Stockholders Equity45.87M37.79M17.86M56.86M53.83M22.99M
Cash Flow
Free Cash Flow-58.00K6.69M-2.58M-3.93M-14.73M-5.11M
Operating Cash Flow10.65M7.00M878.00K3.35M-9.92M-2.39M
Investing Cash Flow-2.38M-626.00K-5.50M-33.98M-28.31M-17.34M
Financing Cash Flow1.33M1.56M1.99M29.91M41.57M20.01M

Lyckegard Group AB Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.77
Price Trends
50DMA
2.92
Positive
100DMA
2.97
Positive
200DMA
2.89
Positive
Market Momentum
MACD
0.05
Negative
RSI
50.90
Neutral
STOCH
20.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:LYGRD, the sentiment is Positive. The current price of 2.77 is below the 20-day moving average (MA) of 2.97, below the 50-day MA of 2.92, and below the 200-day MA of 2.89, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 50.90 is Neutral, neither overbought nor oversold. The STOCH value of 20.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:LYGRD.

Lyckegard Group AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
60
Neutral
kr204.19M23.0619.35%
58
Neutral
kr103.46M13.151.50%3.50%58.41%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
46
Neutral
kr61.26M-4.80-105.36%166.81%37.53%
46
Neutral
kr435.71M-9.683.26%16.82%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:LYGRD
Lyckegard Group AB
3.00
0.68
29.31%
SE:BOMILL
BoMill AB
0.43
-0.13
-23.67%
SE:SE0009994445
Seamless Distribution Systems AB
6.00
-0.35
-5.51%
SE:BAWAT
Bawat Water Technologies AB
1.18
-0.11
-8.53%
SE:NNH
New Nordic Healthbrands AB
16.70
-6.62
-28.39%
SE:ENZY
Enzymatica AB
1.80
-0.56
-23.62%
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