Netel Holding AB AI Stock Analysis
Want to see SE:NETEL full AI Analyst Report?
Netel Holding AB (NETEL) AI Stock Analysis
Netel Holding AB
(Nasdaq OMX AB:NETEL)
The score is primarily weighed down by weakened financial performance—loss-making operations, higher leverage, and inconsistent cash flow—followed by bearish medium-to-long-term technical signals (below key moving averages and negative MACD). Valuation provides limited support due to a negative P/E and no dividend yield data.
Netel Holding AB (NETEL) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 149.17M
- Dividend Yield
- ―
- Average Volume (3M)
- 132.31K
- Price to Earnings (P/E)
- -1.2
- Beta (1Y)
- 0.57
- Revenue Growth
- -9.70%
- EPS Growth
- 4.65%
- Country
- Sweden
- Employees
- 775
- Sector
- General
- Sector Strength
- 55
- Industry
- Engineering & Construction
Netel Holding AB Business Overview & Revenue Model
Company Description
Netel Holding AB (publ), together with its subsidiaries, provides construction and maintenance services for communication infrastructure and power networks in Sweden, Norway, Finland, Germany, and the United Kingdom. It operates through three segment...
Netel Holding AB Financial Statement Overview
Summary
Financial strength is pressured by a clear profitability deterioration (negative EBIT and sizable net loss in TTM after prior-year profitability), elevated and worsening leverage (debt-to-equity now above 1x), and volatile cash generation. Positive TTM operating cash flow and free cash flow offer some near-term support, but instability and higher debt reduce flexibility.
Income Statement
34NegativeBalance Sheet
46NeutralCash Flow
40Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.79B | 2.92B | 3.28B | 3.46B | 3.14B | 2.42B |
| Gross Profit | 239.00M | -23.00M | 1.17B | 1.21B | 1.16B | 860.00M |
| EBITDA | 85.00M | 71.00M | 217.00M | 241.00M | 241.00M | 170.00M |
| Net Income | -125.00M | -117.00M | -47.00M | 44.00M | 123.00M | 66.00M |
Balance Sheet | ||||||
| Total Assets | 2.86B | 2.75B | 2.97B | 3.15B | 3.12B | 2.13B |
| Cash, Cash Equivalents and Short-Term Investments | 309.00M | 205.00M | 261.00M | 446.00M | 369.00M | 271.00M |
| Total Debt | 1.17B | 1.12B | 1.01B | 1.06B | 1.09B | 589.00M |
| Total Liabilities | 1.81B | 1.78B | 1.87B | 2.01B | 2.01B | 1.22B |
| Stockholders Equity | 1.05B | 971.00M | 1.09B | 1.13B | 1.11B | 912.00M |
Cash Flow | ||||||
| Free Cash Flow | 59.00M | -71.00M | 59.00M | 223.00M | -90.00M | 91.00M |
| Operating Cash Flow | 59.00M | -46.00M | 59.00M | 242.00M | -72.00M | 114.00M |
| Investing Cash Flow | 0 | -20.00M | -162.00M | -83.00M | -238.00M | -181.00M |
| Financing Cash Flow | 92.00M | 16.00M | -89.00M | -67.00M | 402.00M | 244.00M |
Netel Holding AB Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NETEL, the sentiment is Negative. The current price of 3.08 is above the 20-day moving average (MA) of 2.97, below the 50-day MA of 3.15, and below the 200-day MA of 3.51, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 51.18 is Neutral, neither overbought nor oversold. The STOCH value of 56.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NETEL.
Netel Holding AB Peers Comparison
Overall Rating
SE:BRAV83Outperform
SE:SWEC.B79Outperform
SE:AFRY67Neutral
SE:INSTAL67Neutral
SE:ELTEL56Neutral- SE:NETEL43Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SE:BRAV | 83Outperform | SEK 30.36B | 20.62 | ― | 2.50% | 4.26% | 30.00% |
| SE:SWEC.B | 79Outperform | SEK 51.31B | 21.50 | 18.37% | 2.61% | 6.16% | 9.75% |
| SE:AFRY | 67Neutral | SEK 14.90B | 17.24 | 6.63% | 4.60% | -3.51% | -7.54% |
| SE:INSTAL | 67Neutral | SEK 11.42B | 22.88 | 15.56% | 1.15% | 8.64% | 96.94% |
| SE:ELTEL | 56Neutral | SEK 2.63B | 25.76 | 5.85% | ― | -0.10% | 674.16% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| SE:NETEL | 43Neutral | SEK 514.38M | -1.22 | ― | ― | -9.70% | 4.65% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:NETEL | Netel Holding AB | 3.08 | -0.90 | -22.74% | |
| SE:SWEC.B | Sweco AB | 141.50 | -19.97 | -12.37% | |
| SE:AFRY | AFRY AB Class B | 130.50 | -20.06 | -13.32% | |
| SE:INSTAL | Instalco AB | 43.48 | 20.85 | 92.16% | |
| SE:ELTEL | Eltel AB | 16.35 | 7.75 | 90.12% | |
| SE:BRAV | Bravida Holding AB | 152.00 | 74.48 | 96.07% |
Netel Holding AB Corporate Events
Netel gears up for Infrea merger as margins improve but growth stalls
Netel Holding AB reported a third-quarter rise in net sales to SEK 682 million, driven by strong performances in its infraservices and power divisions, while telecom revenues declined amid rapid market changes in Norway. Adjusted EBITA swung to SEK 2...
Netel wins SEK 99 million sustainable substation contract in Sweden
Netel Holding AB has secured a turnkey contract to reconstruct and expand a distribution substation in Botkyrka, south of Stockholm, in a deal worth about SEK 99 million. The project, commissioned by one of Sweden’s largest electricity grid operators...
Netel Calls Extraordinary Meeting to Reset Board After Infrea Merger
Netel Holding AB has called an Extraordinary General Meeting for 26 November 2026 in Stockholm, setting out detailed procedures for shareholder registration, voting rights and proxy representation through Euroclear Sweden. The meeting will address bo...
Netel wins SEK 60 million substation contract from Elvia in Norway
Netel Holding AB has secured a SEK 60 million contract from Norwegian grid operator Elvia to build the Isebakke substation in Halden, south of Oslo, with completion planned after the summer of 2028. The project is intended to boost grid capacity in t...
Netel Wins SEK 32 Million E.ON Substation Contract in Sweden
Netel Holding AB has secured a contract from E.ON Energidistribution to build a new electrical substation in Bollstabruk, north of Kramfors in Sweden. The project, valued at over SEK 32 million, is scheduled for completion in 2029 and reinforces Nete...
Netel postpones planned bond issue until after Infrea merger
Netel Holding AB has decided to postpone a planned senior secured bond issue in the Swedish capital markets, despite strong investor interest, until after its merger with Infrea has been completed. The decision follows a recently oversubscribed right...
Netel to Present Q3 2026 Results via Webcast and Teleconference
Netel Holding AB will publish its third-quarter 2026 report on Wednesday 28 October at 07:30 a.m. CET and follow up with a webcasted presentation at 09:00 a.m. CET, led by President and CEO Jeanette Reuterskiöld and CFO Fredrik Helenius. Investors an...
Netel Wins SEK 40 Million Fiber and Power Contract with Sachsen Energie in Germany
Netel Holding AB, a Nordic infrastructure contractor focused on telecom, power and infraservices, has secured a new project in Germany with Sachsen Energie valued at approximately SEK 40 million. The mandate covers design and construction work for fi...
Netel Holding AB Completes Share Issue, Expands Share Capital
Netel Holding AB has increased its total number of shares and votes following a previously decided rights issue and a directed overallotment issue. These capital measures, resolved in July 2026 and subsequently approved at an extraordinary general me...
Netel Issues Supplemental Prospectus for Planned SEK Bond Financing
Netel Holding AB has published a supplemental prospectus approved by the Swedish Financial Supervisory Authority, linked to its planned issuance of senior secured floating rate bonds in Swedish kronor. The bonds are expected to have a four-year tenor...
Netel plans senior secured bond issue to support merger-driven expansion
Netel Holding AB has appointed Arctic Securities, SB1 Markets and SEB as arrangers and joint bookrunners to conduct investor meetings starting 21 September 2026, ahead of a potential issuance of SEK-denominated senior secured floating rate bonds. The...
Netel Raises SEK 149m in Oversubscribed Rights Issue Ahead of Infrea Merger
Netel Holding AB has completed a secured rights issue that drew strong investor interest, with subscriptions reaching about 117 percent of the offer, both with and without subscription rights. In response, the board has activated a previously approve...
Netel wins NOK 44 million Elvia contracts to upgrade Norwegian substations
Netel Holding AB’s Norwegian subsidiary Nett-Tjenester has secured contracts worth a combined 44 million Norwegian kroner from Elvia, Norway’s leading energy company, to upgrade substations in Oslo and Innlandet county. The deals strengthen Netel’s r...
Netel advances Swedish subsidiary merger to unlock cost savings
Netel Holding AB, a Stockholm-listed provider of infrastructure services in power and telecom, is consolidating its Swedish operations to sharpen its efficiency and cost base. With a broad footprint in design, production and maintenance of critical i...
Netel sets webcast to outline rights issue tied to Infrea merger
Netel Holding AB has announced a webcast on 1 September 2026 to present details of its planned rights issue and over-allotment issue connected to the merger with Infrea AB. The event will feature Infrea’s CEO and Netel’s CFO, who will outline the str...
Netel delays third-quarter report publication by one week
Netel Holding AB has pushed back the publication of its third-quarter report, moving the release from 21 October to 28 October at 07:30 a.m. CET. The rescheduling adjusts the company’s financial reporting timetable but does not alter previously commu...
Netel Shareholders Back Infrea Merger and Capital Raising Package
Netel Holding AB’s extraordinary general meeting approved all board proposals tied to its planned merger with Infrea AB, including formal approval of the merger plan and amendments to the articles of association to expand share capital and share numb...
Netel Holding AB Publishes Information Document for Approved Rights Issue
Netel Holding AB has secured shareholder approval for a rights issue of up to 36,383,904 shares at SEK 3.50 per share, targeting proceeds of about SEK 127 million, alongside potential overallotment issues of up to 21,428,571 shares for roughly SEK 75...
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: Oct 29, 2026