Addtech AB Class B (SE:ADDT.B)
:ADDT.B
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Addtech AB Class B
(ADDT.B)
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Rating:74Outperform
Price Target:
kr366.00
▲(15.31% Upside)
Action:ReiteratedDate:02/07/26
The score is driven primarily by strong financial performance (rapid TTM growth, solid margins, and strong free-cash-flow vs net income). Technicals are supportive but not clean due to a negative MACD. Valuation is the main headwind, with a high P/E and low dividend yield.
Positive Factors
Strong free cash flow conversion
FCF conversion near 1.0x indicates the business converts reported profits into cash reliably. That durable cash generation supports funding bolt-on acquisitions, dividend capacity and reinvestment without constant external financing, increasing long-term financial flexibility.
Negative Factors
Meaningful leverage on the balance sheet
Debt around 0.8–0.9x equity is manageable but material for a distributor, reducing the balance sheet cushion. In a downturn or if acquisition pace slows, leverage limits optionality and raises refinancing and interest-rate sensitivity, increasing long-term financial risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow conversion
FCF conversion near 1.0x indicates the business converts reported profits into cash reliably. That durable cash generation supports funding bolt-on acquisitions, dividend capacity and reinvestment without constant external financing, increasing long-term financial flexibility.
Read all positive factors
Addtech AB Class B (ADDT.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr88.27B
Dividend Yield0.98%
Average Volume (3M)345.02K
Price to Earnings (P/E)42.8
Beta (1Y)1.12
Revenue Growth6.90%
EPS Growth15.51%
CountrySE
Employees4,430
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)7.68
Shares Outstanding259,929,600
10 Day Avg. Volume332,701
30 Day Avg. Volume345,023
Financial Highlights & Ratios
PEG Ratio2.63
Price to Book (P/B)11.92
Price to Sales (P/S)3.62
P/FCF Ratio29.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr375.00Price Target Upside18.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)9.98
Revenue Forecast (FY)kr25.10B
Addtech AB Class B Business Overview & Revenue Model
Company Description
Addtech AB (publ.) operates as a technology trading company in Sweden, Denmark, Finland, Norway, rest of Europe, and internationally. The company operates through Automation, Electrification, Energy, Industrial Solutions, and Process Technology se...
How the Company Makes Money
Addtech generates revenue primarily through the sale of technology products and services across its various business segments. The company operates a B2B model, where it supplies components, systems, and services to a wide range of industries, inc...
Addtech AB Class B Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.59B | 21.80B | 20.02B | 18.71B | 14.04B | 11.34B |
| Gross Profit | 7.40B | 6.99B | 6.35B | 5.62B | 4.32B | 3.47B |
| EBITDA | 3.24B | 2.76B | 3.27B | 2.84B | 2.07B | 1.50B |
| Net Income | 2.07B | 1.89B | 1.63B | 1.50B | 1.07B | 706.00M |
Balance Sheet | ||||||
| Total Assets | 18.36B | 18.51B | 16.66B | 15.27B | 12.43B | 9.81B |
| Cash, Cash Equivalents and Short-Term Investments | 1.22B | 1.17B | 798.00M | 606.00M | 437.00M | 420.00M |
| Total Debt | 5.91B | 6.19B | 5.22B | 4.73B | 4.18B | 3.22B |
| Total Liabilities | 10.80B | 11.45B | 10.18B | 9.70B | 8.17B | 6.36B |
| Stockholders Equity | 7.12B | 6.63B | 5.97B | 5.18B | 3.93B | 3.22B |
Cash Flow | ||||||
| Free Cash Flow | 2.90B | 2.71B | 2.39B | 1.71B | 995.00M | 1.41B |
| Operating Cash Flow | 3.00B | 2.71B | 2.58B | 1.91B | 1.12B | 1.50B |
| Investing Cash Flow | -1.05B | -1.80B | -1.48B | -1.39B | -1.25B | -1.30B |
| Financing Cash Flow | -1.71B | -474.00M | -922.00M | -371.00M | 147.00M | -138.00M |
Addtech AB Class B Technical Analysis
Positive
317.40
Price Trends
317.16
Positive
316.82
Positive
319.82
Positive
Market Momentum
7.88
Negative
72.51
Negative
96.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ADDT.B, the sentiment is Positive. The current price of 317.4 is above the 20-day moving average (MA) of 316.90, above the 50-day MA of 317.16, and below the 200-day MA of 319.82, indicating a bullish trend. The MACD of 7.88 indicates Negative momentum. The RSI at 72.51 is Negative, neither overbought nor oversold. The STOCH value of 96.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ADDT.B.
Addtech AB Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr20.63B | 24.06 | 25.27% | 1.22% | 2.56% | 3.95% | |
74 Outperform | kr88.27B | 42.82 | 29.90% | 0.98% | 6.90% | 15.51% | |
70 Outperform | kr21.55B | 24.07 | 15.97% | 1.03% | 0.50% | 10.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | kr71.66B | 32.60 | 16.43% | 1.26% | -1.77% | -8.94% | |
63 Neutral | kr46.47B | 20.25 | 18.52% | 2.20% | 2.68% | 0.49% | |
58 Neutral | kr63.61B | 34.22 | 11.04% | 0.95% | -0.44% | 0.78% |
* Industrials Sector Average
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Addtech AB Class B Corporate Events
Addtech boosts maritime electrification portfolio with acquisition of Germany’s RAMME
Feb 5, 2026
Addtech’s Electrification business area has agreed to acquire 100% of RAMME Electric Machines GmbH, a German manufacturer of electric motors and generators for maritime electrification, specializing in propulsion, dynamic positioning and hyb...
Addtech boosts emission control offering with acquisition of Norway’s Purenviro
Dec 19, 2025
Addtech’s Process business area has agreed to acquire 100% of Norwegian company Purenviro AS, which specializes in customized systems and services for treating environmentally harmful and odorous gases for customers in the energy, wastewater...
Addtech’s Strategic Acquisitions in Holland to Enhance Motion & Drives Operations
Dec 17, 2025
Addtech Automation, a division of Addtech Group, has acquired Dutch companies BCK Holland B.V. and Kramer Duyvis B.V., specialized in conveyor systems for packaging, food beverage, and mechanical industries. These acquisitions will bolster Addte...
Addtech Announces Organizational Restructuring to Capture Growth Opportunities
Dec 16, 2025
Addtech has announced a reorganization effective from October 1, 2025, which includes the establishment of a sixth business area and the addition of new business units. This restructuring aims to enhance the company’s ability to capture futu...
Addtech Expands IT & Sensors Unit with Cubro Acquisition
Dec 10, 2025
Addtech has announced the acquisition of 80% of Cubro Acronet GesmbH, a leading provider of datacom network monitoring, security, and analysis solutions. This acquisition, which will be finalized in January 2026, is expected to enhance AddtechR...
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.