Teqnion AB (TEQ) AI Stock Analysis

6 Followers

Teqnion AB

(Nasdaq OMX AB:TEQ)

Select Model

Rating:67Neutral

Price Target:SEK 196.00▲(3.16% Upside)

Action:reiterated

Date:10/20/26

The overall score of 67 is heavily influenced by Teqnion's solid financial performance, highlighted by exceptional cash flow conversion and strong revenue growth, though tempered by declining margins and return on equity. Technicals suggest a supportive long-term trend despite mixed short-term momentum. The stock's premium valuation, marked by a relatively high P/E ratio and lack of a dividend, limits further upside in the score.

Positive Factors

Revenue GrowthSustained revenue expansion indicates that Teqnion’s portfolio of specialized industrial businesses continues to find demand and broaden its earnings base. A multi-year growth pattern can support further operating scale, strengthen acquisition capacity, and reduce reliance on any single subsidiary or product line.

Negative Factors

Gross Margin CompressionMeaningful gross-margin compression indicates that a smaller share of revenue is being retained before operating expenses. Even with improved EBIT and EBITDA margins, continued pressure could restrict profit conversion, reduce the benefits of revenue growth, and make future earnings more sensitive to cost changes.

Teqnion AB (TEQ) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 3.26B
Dividend Yield: ―
Average Volume (3M): 18.48K
Price to Earnings (P/E): 20.1
Beta (1Y): 0.28
Revenue Growth: 11.95%
EPS Growth: 149.08%
Country: Sweden
Employees: 614
Sector: General
Sector Strength: 55
Industry: Conglomerates

Teqnion AB Business Overview & Revenue Model

Company Description

Established in 2006 and headquartered in Solna, Sweden, Teqnion AB (publ) operates as a multifaceted industrial group, with significant involvement across industry, growth, and niche markets. The company's diverse activities span the provision of ess...

How the Company Makes Money

Teqnion makes money primarily through the operating earnings of its portfolio companies. The group’s revenue is generated at the subsidiary level from sales of each company’s products and/or services to customers, with Teqnion consolidating these sal...

Teqnion AB Financial Statement Overview

Summary

Teqnion demonstrates strong revenue growth and exceptional cash flow generation, converting over 95% of net income to free cash flow. However, declining return on equity and notable compression in both gross and net margins present underlying profitability headwinds.

Income Statement

78Positive

Balance Sheet

75Positive

Cash Flow

88Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.95B	1.80B	1.57B	1.48B	1.32B	920.20M
Gross Profit	781.30M	856.00M	704.50M	670.90M	565.40M	399.60M
EBITDA	346.20M	241.30M	222.40M	232.40M	186.30M	143.18M
Net Income	162.40M	98.50M	95.80M	125.00M	110.30M	79.50M
Balance Sheet
Total Assets	2.46B	2.05B	1.72B	1.49B	1.07B	799.14M
Cash, Cash Equivalents and Short-Term Investments	184.20M	209.50M	196.00M	199.80M	47.30M	85.79M
Total Debt	786.70M	642.80M	466.20M	360.80M	261.50M	176.92M
Total Liabilities	1.40B	1.17B	862.50M	752.60M	626.30M	460.52M
Stockholders Equity	1.05B	874.70M	858.00M	734.00M	443.00M	336.85M
Cash Flow
Free Cash Flow	221.20M	173.10M	77.70M	117.90M	97.40M	114.53M
Operating Cash Flow	234.30M	184.60M	96.20M	125.20M	104.90M	120.66M
Investing Cash Flow	-247.40M	-318.40M	-139.10M	-159.00M	-139.80M	-165.32M
Financing Cash Flow	48.10M	157.40M	30.80M	185.90M	-4.30M	10.10M

Teqnion AB Technical Analysis

Technical Analysis SentimentPositive

Last Price190.00

Price Trends

50DMA182.14Positive

100DMA176.83Positive

200DMA166.89Positive

Market Momentum

MACD3.38Negative

RSI60.42Neutral

STOCH76.39Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TEQ, the sentiment is Positive. The current price of 190.00 is above the 20-day moving average (MA) of 183.46, above the 50-day MA of 182.14, and above the 200-day MA of 166.89, indicating a bullish trend. The MACD of 3.38 indicates Negative momentum. The RSI at 60.42 is Neutral, neither overbought nor oversold. The STOCH value of 76.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:TEQ.

Teqnion AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:TEQ against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:LIFCO.B	75Outperform	SEK 130.72B	33.53	19.26%	0.93%	7.11%	10.47%
SE:NOLA.B	68Neutral	SEK 14.20B	21.08	11.69%	3.23%	0.11%	-14.70%
SE:TEQ	67Neutral	SEK 3.30B	20.08	―	―	11.95%	149.08%
SE:LAGR.B	66Neutral	SEK 48.76B	36.75	29.82%	1.05%	16.99%	21.47%
SE:BERG.B	61Neutral	SEK 6.96B	26.28	13.53%	1.61%	1.00%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

SE:TEQ and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:TEQ	Teqnion AB	190.00	22.00	13.10%
SE:LIFCO.B	Lifco Ab	290.40	-54.51	-15.80%
SE:NOLA.B	Nolato AB Class B	52.70	-4.16	-7.32%
SE:BERG.B	Bergman & Beving AB Class B	261.00	-40.38	-13.40%
SE:LAGR.B	Lagercrantz Group AB Class B	237.80	28.51	13.62%
SE:KBC	KB Components AB	41.00	-3.44	-7.73%

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: Oct 20, 2026

Teqnion AB AI Stock Analysis