Alimak Group AB (ALIG) AI Stock Analysis

• Market Cap: kr13.35B
• Dividend Yield: 2.09%
• Average Volume (3M): 125.20K
• Price to Earnings (P/E): 22.1
• Beta (1Y): 0.95
• Revenue Growth: -1.74%
• EPS Growth: 26.36%
• Country: SE
• Employees: 2,928
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.97
• Shares Outstanding: 107,573,110
• 10 Day Avg. Volume: 82,022
• 30 Day Avg. Volume: 125,202
• PEG Ratio: -8.33
• Price to Book (P/B): 2.14
• Price to Sales (P/S): 2.24
• P/FCF Ratio: 23.53
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 7.83
• Revenue Forecast (FY): kr7.13B

• Rating: 61 Neutral
• Price Target: kr134.00 ▼(-5.90% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is primarily supported by solid underlying profitability and a reasonable balance sheet, but is held back by weakening 2025 revenue/cash flow trends and bearish technicals (below major moving averages with negative MACD). Valuation is fair-to-slightly rich at ~22x earnings, with a moderate dividend providing some support.

Positive Factors

Recurring aftermarket & service revenue

A sizable aftermarket and service business tied to a long-lived installed base drives recurring revenue and higher gross margins over time. This provides revenue resilience versus project-driven equipment sales, supports predictability of cash flows, and strengthens customer lock-in across cycles.

Improved margins and solid profitability

Material margin improvement versus earlier years indicates operational leverage and pricing power in core vertical-access products and services. Sustained mid-teens EBIT and robust gross margins support cash generation, fund service network investment, and cushion earnings during weaker top-line periods.

Manageable leverage and improved balance sheet

Lower leverage compared with prior cycles improves financial flexibility and lowers interest burden, enabling continued investment in aftermarket capacity and selective M&A. A moderate debt profile enhances ability to weather capex-driven demand swings and supports capital allocation choices.

Negative Factors

Declining revenue and cash flow momentum

A drop in top-line and a marked fall in OCF/FCF reduces internal funding capacity and increases reliance on external financing for growth or dividends. If weaker cash conversion persists, it hampers modernization programs, service expansion, and makes the business more sensitive to project-cycle volatility.

Negative recent revenue growth

Negative revenue growth signals soft demand or lost share in key end markets (construction, industrial, energy). Persistent top-line contraction would erode the installed-base growth that feeds recurring aftermarket revenue, weakening long-term revenue durability and margin scalability.

Erosion of equity cushion

A falling equity base reduces loss-absorbing capacity and financial headroom when combined with weaker cash flow. This constrains strategic flexibility for capex, acquisitions, or dividend support during downturns and raises monitoring risk for balance-sheet resilience over the medium term.

Alimak Group AB Business Overview & Revenue Model

Company Description

Alimak Group AB (publ) provides vertical access solutions in Europe, Asia, Australia, South and North America, and internationally. The company operates through four segments: BMU, Construction, Industrial, and Wind. The company develops, manufactures, sells, services, and rents construction hoists and platforms for temporary use in construction and renovation projects; sells used construction products; and provides assembly, disassembly, maintenance, operating assistance, transportation, and insurance services. It also offers installed rack-and-pinion and traction elevators used in ports, power, cement, marine, and oil and gas segments for maintenance and accessibility; service solutions, such as package, preventive maintenance and repair, inspection, refurbishment, and customer training services, as well as genuine replacement parts; and permanently installed equipment and systems that enable regular access to the building maintenance units. In addition, the company provides vertical access solutions and safety products; and service lifts, vertical ladders, and fall protection systems. It offers its products and services under the Alimak, CoxGomyl, Manntech, Avanti, and Alimak Service brand names. Alimak Group AB (publ) was founded in 1948 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Alimak Group AB generates revenue primarily through the sale of its vertical access equipment, including construction hoists and industrial elevators, which are essential for lifting materials and personnel in various sectors. The company has a robust revenue model that includes not only the manufacturing and selling of new equipment but also long-term service agreements, maintenance contracts, and spare parts sales. This diversified approach creates multiple revenue streams. Additionally, Alimak fosters strategic partnerships with construction companies, contractors, and industrial firms, enabling them to secure large-scale projects that contribute significantly to their earnings. The demand for efficient vertical transport solutions, driven by ongoing urbanization and construction activities, further supports Alimak's financial performance.

Alimak Group AB Financial Statement Overview

Summary

Solid profitability and improved leverage versus earlier periods, but recent fundamentals softened: revenue declined in 2025 and both operating cash flow and free cash flow fell materially, signaling weaker near-term momentum.

Income Statement

Profitability is solid for an industrial company, with 2024 showing healthy gross margin (~40%), EBIT margin (~15%), and net margin (~8.8%). Over the cycle, margins improved meaningfully versus 2020–2022, and net income rose from 515m (2023) to 623m (2024). The key weakness is growth: revenue was essentially flat in 2023–2024 and declined in 2025 (down ~1.8%), with a modest drop in earnings as well (net income 604m in 2025). Overall, strong underlying profitability, but the near-term top-line trajectory has softened.

Balance Sheet

Leverage appears manageable in the most recent detailed year (2024), with debt at ~0.49x equity and a steady return on equity (~8%). The balance sheet also shows improvement versus 2022 when leverage was notably higher (~1.60x debt-to-equity). However, equity declined from 7.6bn (2024) to 7.2bn (2025) alongside lower total assets, which slightly reduces the cushion. Overall, financial position looks reasonable with moderate leverage, but worth monitoring the recent step-down in equity/asset base.

Cash Flow

Cash generation is generally supportive: free cash flow ran at 876m (2023) and 1.02bn (2024), and free cash flow was high relative to earnings in 2023–2024 (about 82%–89% of net income). The main concern is volatility: operating cash flow and free cash flow fell in 2025 (OCF 829m vs. 1.15bn in 2024; FCF 653m vs. 1.02bn), and free cash flow growth turned sharply negative (down ~27.8%). Overall, good conversion in stronger years, but recent cash flow momentum weakened.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.87B	7.10B	7.10B	4.51B	3.73B
Gross Profit	2.76B	2.85B	2.82B	1.59B	1.27B
EBITDA	1.35B	1.52B	1.38B	753.00M	603.10M
Net Income	604.00M	623.00M	515.00M	376.00M	308.00M
Balance Sheet
Total Assets	13.42B	14.32B	13.68B	14.33B	5.90B
Cash, Cash Equivalents and Short-Term Investments	1.19B	1.14B	774.00M	907.00M	398.30M
Total Debt	3.77B	3.74B	3.88B	6.99B	736.60M
Total Liabilities	6.23B	6.72B	6.73B	9.95B	2.06B
Stockholders Equity	7.19B	7.60B	6.96B	4.38B	3.84B
Cash Flow
Free Cash Flow	653.00M	1.02B	876.00M	424.00M	578.60M
Operating Cash Flow	829.00M	1.15B	1.07B	501.00M	645.90M
Investing Cash Flow	-242.00M	-130.00M	-193.00M	-5.73B	-103.80M
Financing Cash Flow	-454.00M	-686.00M	-986.00M	5.74B	-438.40M

Alimak Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 142.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ALIG, the sentiment is Negative. The current price of 142.4 is above the 20-day moving average (MA) of 130.06, above the 50-day MA of 137.31, and below the 200-day MA of 147.37, indicating a bearish trend. The MACD of -3.84 indicates Negative momentum. The RSI at 33.61 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ALIG.

Alimak Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ATCO.B	77 Outperform	kr886.44B	31.30	26.43%	2.03%	-2.38%	-4.00%
ATCO.A	76 Outperform	kr886.44B	35.94	26.43%	1.82%	-2.38%	-4.00%
ALFA	73 Outperform	kr221.05B	26.73	20.42%	1.84%	3.54%	20.94%
SAND	70 Outperform	kr491.97B	34.10	16.39%	1.94%	-1.77%	21.13%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ALIG	61 Neutral	kr13.35B	22.15	9.59%	2.09%	-1.74%	26.36%
NMAN	54 Neutral	kr5.17B	19.00	―	2.41%	2.05%	-11.66%

Alimak Group AB Corporate Events

Alimak Group Balances Strong Organic Growth With Profit Pressure in 2025

Alimak Group reported a mixed fourth quarter and full-year 2025, with strong organic order intake but weaker reported revenues and earnings due largely to currency headwinds and legacy issues in its Facade Access division. Organic order intake rose 8% for the year and adjusted EBITA margin edged up to 17.4%, but reported revenue fell 3%, cash flow from operations declined, and earnings per share slipped, prompting management to describe 2025 as a year of consolidation amid weak global construction markets and U.S. tariff impacts.

Performance differed sharply across divisions: Facade Access and Wind delivered strong order intake, while Construction remained under pressure as customers delayed investments and underutilised fleets, and Height Safety & Productivity Solutions saw low profitability during its transformation. With all loss-making legacy projects now phased out, leverage stable at 1.76x EBITDA and a proposed higher dividend of SEK 3.30 per share, the group is signaling confidence in its balance sheet and long-term growth prospects, even as it continues to invest in new segments, product development and operational improvements.

The most recent analyst rating on (SE:ALIG) stock is a Buy with a SEK161.00 price target. To see the full list of analyst forecasts on Alimak Group AB stock, see the SE:ALIG Stock Forecast page.

Alimak Group Sets Date for Q4 and Full-Year 2025 Results Presentation

Alimak Group will publish its interim report for the fourth quarter and full year 2025 on 10 February at 08:00 CET and will host a same-day teleconference and webcast at 10:00 CET for investors, analysts and financial media, led by CEO Ole Kristian Jødahl and CFO Sylvain Grange. The scheduled presentation underlines the company’s ongoing investor-relations outreach and provides a key opportunity for stakeholders to assess Alimak Group’s operational and financial performance, as well as its positioning in the global market for vertical access and working-at-height solutions.

The most recent analyst rating on (SE:ALIG) stock is a Buy with a SEK161.00 price target. To see the full list of analyst forecasts on Alimak Group AB stock, see the SE:ALIG Stock Forecast page.

Alimak Group Names Karin Bååthe to Lead Construction Division

Alimak Group has appointed Karin Bååthe as Executive Vice President of its Construction division, effective 7 April 2026, with a seat on the Group Leadership Team and a base in Stockholm. Bringing industrial, P&L and operational experience from McKinsey, SSAB and Sandvik Mining, Bååthe is expected to bolster the division’s commercial strength and support continued profitable growth, while incumbent EVP David Batson transitions to a new role as Director of APAC for the Construction division, ensuring leadership continuity in a key growth region and reinforcing the company’s strategic focus on its global construction market presence.

The most recent analyst rating on (SE:ALIG) stock is a Buy with a SEK161.00 price target. To see the full list of analyst forecasts on Alimak Group AB stock, see the SE:ALIG Stock Forecast page.

Alimak Group AB Moves to Nasdaq Stockholm’s Large Cap Segment

Alimak Group AB announced its advancement to Nasdaq Stockholm’s Large Cap segment effective January 2, 2026, marking a substantial milestone for the company. The transition reflects its growing market capitalization exceeding EUR 1 billion and highlights the group’s strategic evolution from construction-focused operations to a resilient global industrial leader focused on profitable growth and innovation, signaling substantial confidence among stakeholders and reinforcing its industry position.

The most recent analyst rating on (SE:ALIG) stock is a Hold with a SEK157.00 price target. To see the full list of analyst forecasts on Alimak Group AB stock, see the SE:ALIG Stock Forecast page.

Alimak Group Unveils New Financial and Sustainability Targets for 2028

Alimak Group has announced new financial and sustainability targets as part of its New Heights 2.0 strategy, aiming to accelerate profitable growth and create long-term value. The company has set ambitious revenue growth and EBITA margin targets, while reinforcing its commitment to sustainability through science-based targets and improved workplace safety, reflecting confidence in its strategic direction.

The most recent analyst rating on (SE:ALIG) stock is a Hold with a SEK162.00 price target. To see the full list of analyst forecasts on Alimak Group AB stock, see the SE:ALIG Stock Forecast page.