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Systemair AB (SYSR) AI Stock Analysis

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SE:SYSR

Systemair AB

(Nasdaq OMX AB:SYSR)

Select Model
Rating:73Outperform
Price Target:SEK 98.00▲(11.24% Upside)
Action:upgraded
Date:08/29/26

The score is driven primarily by solid financial quality (improving margins and a conservatively leveraged balance sheet) and supportive technical momentum (price above key moving averages with positive MACD). The main constraint is valuation: the P/E is relatively high versus the company’s currently modest revenue growth and mixed recent free-cash-flow trend.

Positive Factors
Conservative Balance SheetVery low leverage and a growing equity base give Systemair financial flexibility to withstand cyclical construction demand, fund product development, and pursue expansion without relying heavily on additional borrowing.
Negative Factors
Slow Revenue GrowthModest top-line growth suggests that current demand across construction, renovation, and facility-upgrade markets is not accelerating strongly. Sustained low growth could limit operating leverage and place greater reliance on efficiency gains.

Systemair AB (SYSR) vs. iShares MSCI Sweden ETF (EWD)

-15%-10%-5%0%5%10%15%20%SE:SYSR+15.43%EWD+14.31%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
SEK 17.95B
Dividend Yield
1.65%
Average Volume (3M)
128.62K
Price to Earnings (P/E)
22.9
Beta (1Y)
0.83
Revenue Growth
3.31%
EPS Growth
20.40%
Country
Sweden
Employees
7,590
Sector
Industrials
Sector Strength
63
Industry
Industrial - Machinery

Systemair AB Business Overview & Revenue Model

Company Description

Systemair AB (publ), a Swedish-based ventilation specialist, is globally active in the development, manufacturing, and distribution of a comprehensive range of air handling and climate control solutions. Its operations span diverse international mark...

How the Company Makes Money

Systemair makes money primarily by selling ventilation products and systems to customers involved in building construction, renovation, and ongoing facility upgrades. Revenue is generated from (1) product sales of ventilation equipment—such as air ha...

Systemair AB Financial Statement Overview

Summary

Financials are solid overall: profitability is improving (TTM gross margin ~36.7%, operating margin ~8.8%) and leverage is low (debt-to-equity ~0.21). Offsetting factors are the materially slower recent revenue growth and uneven free-cash-flow momentum (FCF down recently and ~73% of net income in TTM), which reduces confidence in cash conversion consistency.

Income Statement

74Positive

Balance Sheet

81Very Positive

Cash Flow

64Positive
Financial statement breakdown
BreakdownTTMApr 2025Apr 2024Apr 2023Apr 2022Apr 2021
Income Statement
Total Revenue12.69B12.50B12.30B12.26B12.06B9.63B
Gross Profit4.66B4.59B4.46B4.21B4.11B3.32B
EBITDA1.59B1.56B1.48B1.38B1.79B1.14B
Net Income796.50M760.80M680.70M645.60M1.04B543.90M
Balance Sheet
Total Assets10.59B9.89B9.37B9.79B9.63B8.47B
Cash, Cash Equivalents and Short-Term Investments438.00M435.60M426.00M419.30M343.80M339.30M
Total Debt1.52B1.29B1.29B1.46B1.84B2.38B
Total Liabilities4.20B3.77B3.61B4.14B4.36B4.62B
Stockholders Equity6.39B6.11B5.76B5.65B5.27B3.82B
Cash Flow
Free Cash Flow746.30M624.40M1.18B922.00M225.20M-107.50M
Operating Cash Flow1.13B1.16B1.18B1.33B587.70M235.20M
Investing Cash Flow-906.60M-668.30M-473.70M-389.70M318.60M-515.90M
Financing Cash Flow-221.90M-483.60M-614.20M-898.10M-959.50M274.90M

Systemair AB Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

SE:SYSR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SE:ATCO.BSE:ATCO.B73OutperformSEK 885.87B34.3324.21%1.82%2.72%0.11%
SE:SYSRSE:SYSR73OutperformSEK 17.95B22.9413.24%1.65%3.31%20.40%
SE:TREL.BSE:TREL.B69NeutralSEK 101.02B26.4910.57%1.69%1.86%11.09%
SE:ALFASE:ALFA67NeutralSEK 221.54B27.7517.58%1.65%4.27%-2.41%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
SE:MTRSSE:MTRS60NeutralSEK 24.44B47.0510.12%1.17%-0.19%78.46%
SE:NMANSE:NMAN60NeutralSEK 5.03B22.91―2.73%-6.05%-24.08%

* Industrials Sector Average

Performance Comparison

-20%0%20%SE:SYSRSE:ALFASE:ATCO.BSE:TREL.BSE:MTRSSE:NMANDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
SE:SYSR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SE:SYSRSystemair AB88.1011.4814.99%
SE:ALFAAlfa Laval AB546.4099.6622.31%
SE:ATCO.BAtlas Copco AB (0R82)169.2032.4223.70%
SE:TREL.BTrelleborg AB472.6092.2224.24%
SE:MTRSMunters Group AB136.75-28.16-17.08%
SE:NMANNederman Holding AB146.40-9.68-6.20%

Systemair AB Corporate Events

Systemair Lifts Profits and Expands in North America With Temspec Acquisition

Aug 27, 2026

Systemair AB reported a solid start to its 2026/27 fiscal year, with organic growth of 6 percent and net sales rising to SEK 3.28 billion, driven by positive contributions from all regions and double‑digit gains in North America and Eastern Europe. P...

Systemair schedules Q1 2026/27 report and investor webcast

Aug 20, 2026

Systemair AB will publish its interim Q1 report for the 2026/27 financial year at 12:30 CEST on August 27, 2026, followed by a press and analyst meeting at 13:30 CEST the same day. The report, to be presented by chief executive Robert Larsson and chi...

Systemair advances sustainability with energy-efficient ventilation and lower emissions

Aug 7, 2026

Systemair has published its 2025/26 Sustainability Statement, underscoring the role of modern, energy-efficient ventilation in cutting building energy use while safeguarding indoor air quality. The company highlighted new axial fans that can reduce e...

Systemair calls 2026 AGM with broad shareholder participation options

Jul 23, 2026

Systemair AB has called shareholders to its annual general meeting on 27 August 2026 at Systemair Expo in Skinnskatteberg, Sweden, offering both on-site participation and postal voting in line with Swedish company law. The meeting framework underscor...

Systemair launches R290-based Geniox heat pump unit to meet new EU rules

Jun 18, 2026

Systemair, a global ventilation specialist listed on Nasdaq Stockholm, focuses on energy-efficient indoor climate solutions across multiple regions and brands. The company has built a long track record of profitable growth and serves commercial, publ...

Systemair lifts profitability and dividend on solid organic growth in 2025/26

Jun 10, 2026

Systemair reported solid performance for its 2025/26 financial year, with organic growth of 6.1% and net sales up 1.6% to SEK 12.5 billion despite a significant negative currency effect. Adjusted operating profit improved to SEK 1.17 billion, lifting...

Systemair Wins Malmö Aquatic Centre Deal With Pioneering CO₂ Pool Technology

Jun 10, 2026

Systemair, a global ventilation specialist, is expanding its footprint in sustainable aquatic facilities through an advanced project at the new Heleneholm swimming complex in Malmö. The company, which markets products under several brands including M...

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: Aug 29, 2026