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Rejlers AB Class B
(REJL.B)
Select Model
Select Model
Rating:64Neutral
Price Target:
kr166.00
▲(1.22% Upside)
Action:Reiterated
Date:07/20/26
The score is driven primarily by solid growth and still-healthy operating profitability, offset by weakening cash generation and higher TTM debt (the key fundamental risk). Technicals are supportive but mixed (positive momentum while still below the 200-day average and near overbought), and valuation looks broadly reasonable with a supportive dividend yield.
Positive Factors
Strong revenue growth
Sustained revenue expansion indicates continued demand for Rejlers’ engineering, advisory, and project-management services across its served sectors. A larger revenue base can support scale, broaden client reach, and create opportunities to compound earnings as technical infrastructure needs develop.
Negative Factors
Weaker cash generation
The sharp reduction in free cash flow is a durable concern because consulting profits are less valuable when they convert inconsistently into cash. Weaker cash generation can constrain internal funding, reduce flexibility for investment, and make the business more sensitive to working-capital changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained revenue expansion indicates continued demand for Rejlers’ engineering, advisory, and project-management services across its served sectors. A larger revenue base can support scale, broaden client reach, and create opportunities to compound earnings as technical infrastructure needs develop.
Read all positive factors
Rejlers AB Class B (REJL.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.21B
Dividend Yield3.71%
Average Volume (3M)80.30K
Price to Earnings (P/E)18.9
Beta (1Y)0.59
Revenue Growth6.51%
EPS Growth-22.98%
CountrySE
Employees3,569
SectorIndustrials
Sector Strength72
IndustryConsulting Services
Share Statistics
EPS (TTM)7.51
Shares Outstanding21,086,317
10 Day Avg. Volume66,970
30 Day Avg. Volume80,302
Financial Highlights & Ratios
PEG Ratio-1.69
Price to Book (P/B)2.03
Price to Sales (P/S)0.90
P/FCF Ratio14.92
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)10.72
Revenue Forecast (FY)kr5.08B
Rejlers AB Class B Business Overview & Revenue Model
Company Description
Rejlers AB (publ) operates as an engineering and technical consultancy, delivering its expertise throughout Sweden, Finland, Norway, and the United Arab Emirates. The firm's client portfolio encompasses a broad spectrum of industries, including en...
How the Company Makes Money
Rejlers makes money primarily by selling professional engineering and consulting services on a project and assignment basis. Revenue is mainly generated from billable hours and fixed-fee engagements where Rejlers’ engineers and project managers de...
Rejlers AB Class B Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
67
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.89B | 4.74B | 4.43B | 4.09B | 3.51B | 2.90B |
| Gross Profit | 1.49B | 2.52B | 2.33B | 1.44B | 1.37B | 1.10B |
| EBITDA | 525.80M | 574.70M | 538.60M | 457.20M | 432.40M | 258.60M |
| Net Income | 169.30M | 197.40M | 221.80M | 185.40M | 196.40M | 110.20M |
Balance Sheet | ||||||
| Total Assets | 4.61B | 3.97B | 3.70B | 3.65B | 2.98B | 2.35B |
| Cash, Cash Equivalents and Short-Term Investments | 71.90M | 66.90M | 68.60M | 59.20M | 144.80M | 151.90M |
| Total Debt | 1.13B | 706.80M | 665.40M | 681.60M | 528.00M | 424.90M |
| Total Liabilities | 2.49B | 1.87B | 1.76B | 1.85B | 1.50B | 1.13B |
| Stockholders Equity | 2.12B | 2.10B | 1.94B | 1.80B | 1.49B | 1.22B |
Cash Flow | ||||||
| Free Cash Flow | 59.80M | 284.90M | 387.40M | 245.30M | 254.00M | 147.00M |
| Operating Cash Flow | 275.40M | 312.80M | 407.70M | 265.90M | 275.20M | 170.00M |
| Investing Cash Flow | -424.60M | -141.30M | -107.70M | -551.70M | -245.60M | -132.40M |
| Financing Cash Flow | 24.30M | -197.90M | -291.80M | 203.10M | -40.40M | -223.50M |
Rejlers AB Class B Technical Analysis
Negative
164.00
Price Trends
155.98
Negative
153.88
Negative
159.06
Negative
Market Momentum
-4.32
Positive
30.90
Neutral
11.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:REJL.B, the sentiment is Negative. The current price of 164 is above the 20-day moving average (MA) of 151.62, above the 50-day MA of 155.98, and above the 200-day MA of 159.06, indicating a bearish trend. The MACD of -4.32 indicates Positive momentum. The RSI at 30.90 is Neutral, neither overbought nor oversold. The STOCH value of 11.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:REJL.B.
Rejlers AB Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | kr92.15B | 41.33 | 28.86% | 1.06% | 3.78% | 13.61% | |
64 Neutral | kr3.21B | 18.85 | 8.01% | 3.71% | 6.51% | -22.98% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | kr10.89B | 30.21 | 12.77% | 1.15% | 4.03% | 38.99% | |
61 Neutral | kr6.87B | 30.19 | 12.00% | 1.62% | -1.23% | ― | |
60 Neutral | kr11.39B | 14.90 | 6.19% | 5.77% | -5.02% | -15.85% | |
56 Neutral | kr4.76B | 18.54 | 17.77% | 7.97% | -0.20% | 117.61% |
* Industrials Sector Average
SE:REJL.B
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Rejlers AB Class B Corporate Events
Rejlers Wins Four-Year Engineering Deal for Stockholm Globe Venues
Sep 21, 2026
Rejlers has signed a four-year framework agreement with Stockholm Globe Arena Fastigheter AB, the City of Stockholm-owned company that manages major venues in the Globen area and the Tolv Stockholm entertainment destination. The deal positions Rej...
Rejlers Calls Extraordinary Meeting to Approve Cross-Border Merger with Multiconsult
Sep 18, 2026
Rejlers AB has called an extraordinary general meeting for 19 October 2026 in Stockholm, where shareholders will vote on a proposed cross-border merger with Norwegian consultancy Multiconsult ASA. The agenda includes changes to the articles of ass...
Rejlers Wins Finnish Transport Agency Framework for Nationwide Surveying Work
Sep 10, 2026
Rejlers has secured a framework agreement with the Finnish Transport Infrastructure Agency to provide surveying and modelling services for road and railway projects across Finland from 2026 to 2029. The deal extends a long-standing collaboration a...
Multiconsult and Rejlers in merger of equals to form pan-Nordic consultancy leader
Sep 7, 2026
Multiconsult ASA and Rejlers AB have agreed on a cross-border merger of equals to form Multiconsult Rejlers, a pan-Nordic multidisciplinary consultancy group with around 8,000 employees and a strong focus on energy and industrial markets. The comb...
Rejlers to study integrated nuclear, wind and hydrogen energy hub in Vallvik
Aug 28, 2026
Rejlers has been commissioned by the Municipality of Söderhamn to conduct a feasibility study for a potential energy hub in Vallvik that would integrate small modular nuclear reactors, offshore wind power, hydrogen production and existing ind...
Rejlers earns EcoVadis Gold as sustainability score rises
Aug 14, 2026
Rejlers has been awarded an EcoVadis Gold Medal, placing the group among the top 5% of companies assessed globally for sustainability and lifting its score to 87 from 84 in the previous evaluation. The recognition, based on international standards...
Rejlers Balances Swedish Expansion With Middle East Headwinds
Jul 15, 2026
Rejlers AB reported second-quarter net sales of SEK 1,313.6 million, up 9.4 percent year on year, with modest organic growth and a slightly lower EBITA margin of 6.3 percent due to planned costs. For the first half, sales rose 6.4 percent to SEK 2...
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.