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Troax Group AB Class A
(TROAX)
Select Model
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Rating:47Neutral
Price Target:
kr147.00
▲(1.66% Upside)
Action:Reiterated
Date:10/18/26
The score is held back primarily by weakened profitability and a sharp increase in leverage (debt-to-equity ~14.0x), alongside declining free cash flow. Technical indicators are broadly neutral with the stock holding above longer-term moving averages, but valuation is a major concern due to the very high P/E with only a modest dividend yield.
Positive Factors
Modular safety solutions
Troax’s modular product architecture addresses recurring workplace-safety and facility-protection needs across industrial environments. A broad system range covering machines, robots, warehouses, and perimeters can support repeat orders as customers expand, reconfigure, or automate operations.
Negative Factors
Extremely high leverage
The sharp increase in debt relative to equity materially reduces financial flexibility compared with Troax’s recent historical profile. Higher leverage can constrain investment choices, increase sensitivity to operating setbacks, and make balance-sheet repair more important over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Modular safety solutions
Troax’s modular product architecture addresses recurring workplace-safety and facility-protection needs across industrial environments. A broad system range covering machines, robots, warehouses, and perimeters can support repeat orders as customers expand, reconfigure, or automate operations.
Read all positive factors
Troax Group AB Class A (TROAX) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr8.99B
Dividend Yield1.72%
Average Volume (3M)47.48K
Price to Earnings (P/E)233.7
Beta (1Y)0.66
Revenue Growth-0.27%
EPS Growth-89.49%
CountrySE
Employees1,394
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.05
Shares Outstanding60,000,000
10 Day Avg. Volume55,237
30 Day Avg. Volume47,481
Financial Highlights & Ratios
PEG Ratio-1.07
Price to Book (P/B)4.65
Price to Sales (P/S)3.08
P/FCF Ratio35.21
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)0.31
Revenue Forecast (FY)kr331.27M
Troax Group AB Class A Business Overview & Revenue Model
Company Description
Troax Group AB (publ) operates globally through its subsidiaries, specializing in the manufacturing and distribution of mesh panel solutions across the Nordic region, the United Kingdom, North America, and Continental Europe. The company delivers ...
How the Company Makes Money
Troax primarily makes money by selling engineered, modular safety and protection systems—most notably machine guarding panels, safety fencing, and related warehouse/perimeter protection components—to industrial customers. Revenue is generated main...
Troax Group AB Class A Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
32
Negative
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 282.27M | 267.32M | 278.50M | 264.27M | 284.08M | 252.28M |
| Gross Profit | 105.11M | 86.29M | 106.00M | 100.10M | 95.83M | 94.17M |
| EBITDA | 73.79M | 39.82M | 59.84M | 61.82M | 61.19M | 62.29M |
| Net Income | 2.75M | 13.75M | 31.30M | 35.71M | 36.79M | 39.78M |
Balance Sheet | ||||||
| Total Assets | 437.40M | 398.30M | 329.66M | 327.37M | 291.08M | 291.32M |
| Cash, Cash Equivalents and Short-Term Investments | 15.00M | 39.56M | 29.51M | 33.16M | 37.53M | 35.19M |
| Total Debt | 200.74M | 142.92M | 75.55M | 86.61M | 71.57M | 82.32M |
| Total Liabilities | 278.70M | 221.01M | 149.60M | 155.08M | 136.20M | 148.76M |
| Stockholders Equity | 158.70M | 176.78M | 180.10M | 172.28M | 154.88M | 142.56M |
Cash Flow | ||||||
| Free Cash Flow | 4.53M | 23.37M | 31.71M | 42.62M | 40.18M | 18.51M |
| Operating Cash Flow | 19.72M | 34.55M | 42.49M | 54.97M | 48.76M | 32.17M |
| Investing Cash Flow | -69.50M | -41.06M | -16.17M | -45.07M | -13.17M | -14.58M |
| Financing Cash Flow | 40.92M | 16.70M | -29.89M | -14.16M | -32.42M | -15.27M |
Troax Group AB Class A Technical Analysis
Positive
144.60
Price Trends
149.67
Positive
136.60
Positive
122.08
Positive
Market Momentum
-1.30
Positive
53.83
Neutral
30.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TROAX, the sentiment is Positive. The current price of 144.6 is below the 20-day moving average (MA) of 147.73, below the 50-day MA of 149.67, and above the 200-day MA of 122.08, indicating a bullish trend. The MACD of -1.30 indicates Positive momentum. The RSI at 53.83 is Neutral, neither overbought nor oversold. The STOCH value of 30.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:TROAX.
Troax Group AB Class A Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr21.96B | 29.12 | 15.15% | 0.75% | 10.71% | 13.62% | |
69 Neutral | kr23.74B | 33.53 | 23.70% | 1.02% | 11.13% | 16.93% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | kr83.41B | 36.10 | 28.37% | 1.17% | 4.32% | 15.23% | |
60 Neutral | kr25.89B | 33.09 | 18.20% | 0.96% | 8.13% | 32.45% | |
58 Neutral | kr6.91B | 26.23 | 13.53% | 1.61% | 1.00% | ― | |
47 Neutral | kr8.99B | 233.69 | 1.75% | 1.72% | -0.27% | -89.49% |
* Industrials Sector Average
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Troax Group AB Class A Corporate Events
Troax Group Bolsters Executive Team to Drive Growth and Digitalisation
Oct 6, 2026
Troax Group, a leading industrial safety partner, has expanded its executive management team to reinforce key strategic functions in sourcing and sustainability, IT, and finance. The appointments are aimed at supporting the company’s continu...
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.