Addtech AB Class B (SE:ADDT.B)
:ADDT.B
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Addtech AB Class B
(ADDT.B)
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Rating:69Neutral
Price Target:
kr359.00
â–²(13.11% Upside)
Action:Downgraded
Date:05/21/26
The score is driven primarily by strong financial performance—rapid revenue growth and expanding margins with consistently positive cash generation. Offsetting this, valuation is stretched (high P/E and low yield) and technical signals are mixed with mild near-term weakness.
Positive Factors
Sustained revenue and margin expansion
Multi-year revenue doubling and steady margin expansion show durable demand and improving unit economics across the group's businesses. This reflects scalable distributor/solutions mix and sustained pricing or product mix benefits that support margins over the medium term.
Negative Factors
Acquisition dependence and integration risk
The company’s growth relies materially on acquisitions to add capabilities and customers. That creates execution risk: mispriced targets, integration failures or cultural mismatches could dilute returns and slow consolidated performance for multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue and margin expansion
Multi-year revenue doubling and steady margin expansion show durable demand and improving unit economics across the group's businesses. This reflects scalable distributor/solutions mix and sustained pricing or product mix benefits that support margins over the medium term.
Read all positive factors
Addtech AB Class B (ADDT.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr88.91B
Dividend Yield0.98%
Average Volume (3M)345.02K
Price to Earnings (P/E)41.4
Beta (1Y)1.13
Revenue Growth4.16%
EPS Growth13.45%
CountrySE
Employees4,430
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)7.97
Shares Outstanding259,929,600
10 Day Avg. Volume332,701
30 Day Avg. Volume345,023
Financial Highlights & Ratios
PEG Ratio2.98
Price to Book (P/B)10.25
Price to Sales (P/S)3.78
P/FCF Ratio28.62
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)9.82
Revenue Forecast (FY)kr24.95B
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 primarily makes money by selling industrial and infrastructure-related products and solutions through its network of operating subsidiaries. Revenue is generated mainly from (1) distribution/trading of technical components and equipment—wh...
Addtech AB Class B Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
78
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.70B | 21.80B | 20.02B | 18.71B | 14.04B |
| Gross Profit | 7.56B | 6.99B | 6.35B | 5.62B | 4.32B |
| EBITDA | 3.08B | 2.76B | 3.27B | 2.84B | 2.07B |
| Net Income | 2.15B | 1.89B | 1.63B | 1.50B | 1.07B |
Balance Sheet | |||||
| Total Assets | 21.31B | 18.51B | 16.66B | 15.27B | 12.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.49B | 1.17B | 798.00M | 606.00M | 437.00M |
| Total Debt | 7.15B | 6.19B | 5.22B | 4.73B | 4.18B |
| Total Liabilities | 12.95B | 11.45B | 10.18B | 9.70B | 8.17B |
| Stockholders Equity | 8.36B | 6.63B | 5.97B | 5.18B | 3.93B |
Cash Flow | |||||
| Free Cash Flow | 3.00B | 2.71B | 2.39B | 1.71B | 995.00M |
| Operating Cash Flow | 3.00B | 2.71B | 2.58B | 1.91B | 1.12B |
| Investing Cash Flow | -1.76B | -1.80B | -1.48B | -1.39B | -1.25B |
| Financing Cash Flow | -938.00M | -474.00M | -922.00M | -371.00M | 147.00M |
Addtech AB Class B Technical Analysis
Neutral
317.40
Price Trends
326.26
Positive
319.96
Positive
320.69
Positive
Market Momentum
2.18
Negative
47.82
Neutral
49.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ADDT.B, the sentiment is Neutral. The current price of 317.4 is below the 20-day moving average (MA) of 332.42, below the 50-day MA of 326.26, and below the 200-day MA of 320.69, indicating a neutral trend. The MACD of 2.18 indicates Negative momentum. The RSI at 47.82 is Neutral, neither overbought nor oversold. The STOCH value of 49.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | kr21.66B | 34.57 | 25.27% | 1.22% | 2.56% | 3.95% | |
70 Outperform | kr22.35B | 34.31 | 15.97% | 1.03% | 0.50% | 10.05% | |
69 Neutral | kr88.91B | 41.42 | 29.90% | 0.98% | 4.16% | 13.45% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | kr70.50B | 27.80 | 16.43% | 1.26% | -1.77% | -8.94% | |
63 Neutral | kr48.81B | 22.41 | 18.52% | 2.20% | 2.68% | 0.49% | |
58 Neutral | kr65.28B | 28.07 | 11.04% | 0.95% | -0.44% | 0.78% |
* Industrials Sector Average
SE:ADDT.B
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Addtech AB Class B Corporate Events
Addtech boosts margins and cash flow as acquisitions fuel profitable growth
May 20, 2026
Addtech reported modest top-line growth but strong profitability for the year to 31 March 2026, with net sales up 4 percent to SEK 22.7 billion and EBITA rising 12 percent to SEK 3.6 billion, lifting the EBITA margin to a record 16.0 percent. Cash...
Addtech boosts rail-focused electrification portfolio with Nijhuis Engineering acquisition
May 19, 2026
Addtech Electrification has acquired Dutch company Nijhuis Engineering B.V., a specialist in patented system solutions for road and rail construction machinery, including safety, load handling and electrical conversion systems sold mainly under it...
Addtech boosts System Security unit with acquisition of Dutch enclosure specialist Staka
Apr 1, 2026
Addtech AB’s Safety business area has acquired 100% of Netherlands‑based Staka Holding B.V., a specialist in customized outdoor enclosures for European installation and OEM customers in sectors such as energy, infrastructure, and water...
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.