AQ Group AB (SE:AQ)
:AQ
Want to see SE:AQ full AI Analyst Report?
Top Page
AQ Group AB
(AQ)
Select Model
Select Model
Rating:76Outperform
Price Target:
kr243.00
▲(31.07% Upside)
Action:UpgradedDate:04/24/26
The score is driven primarily by strong financial performance (low leverage, solid ROE, and sharp recent revenue growth) and supportive technical momentum (price above key moving averages and positive MACD). The main constraint is valuation, with a relatively high P/E and a modest dividend yield, plus some risk from margin and cash-flow volatility.
Positive Factors
Conservative balance sheet / low leverage
AQ Group's very low debt-to-equity (~0.12 TTM) and growing equity provide durable financial flexibility. A conservative balance sheet lowers refinancing and solvency risk, supports capital spending for automation or capacity, and allows the company to weather industrial cycles without heavy leverage.
Negative Factors
Gross margin volatility
AQ's gross margins have fluctuated materially year-to-year, reflecting sensitivity to mix, input costs and pricing pass-through. Persistent margin variability can pressure operating leverage and returns, making long-term margin predictability and planning harder for capital allocation and forecasting.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
AQ Group's very low debt-to-equity (~0.12 TTM) and growing equity provide durable financial flexibility. A conservative balance sheet lowers refinancing and solvency risk, supports capital spending for automation or capacity, and allows the company to weather industrial cycles without heavy leverage.
Read all positive factors
AQ Group AB (AQ) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr20.05B
Dividend Yield0.83%
Average Volume (3M)182.69K
Price to Earnings (P/E)23.8
Beta (1Y)1.18
Revenue Growth6.03%
EPS Growth6.43%
CountrySE
Employees7,733
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)1.98
Shares Outstanding91,732,790
10 Day Avg. Volume186,650
30 Day Avg. Volume182,688
Financial Highlights & Ratios
PEG Ratio17.66
Price to Book (P/B)3.87
Price to Sales (P/S)1.99
P/FCF Ratio26.56
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)8.15
Revenue Forecast (FY)kr9.60B
AQ Group AB Business Overview & Revenue Model
Company Description
AQ Group AB (publ) manufactures and sells components and systems for industrial customers in Sweden, rest of European countries, and internationally. It operates in two segments, Component and System. The company provides electric cabinets for the...
How the Company Makes Money
AQ primarily makes money by manufacturing and selling industrial components, subassemblies, and complete systems to business customers under long-term customer relationships and recurring production programs. Revenue is generated through (1) contr...
AQ Group AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
84
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.14B | 9.07B | 8.55B | 8.97B | 7.05B | 5.47B |
| Gross Profit | 3.76B | 804.00M | 4.29B | 741.00M | 3.29B | 2.67B |
| EBITDA | 1.19B | 1.18B | 1.16B | 1.08B | 769.00M | 691.00M |
| Net Income | 690.00M | 676.00M | 665.00M | 632.00M | 410.00M | 366.00M |
Balance Sheet | ||||||
| Total Assets | 7.25B | 6.91B | 6.57B | 5.96B | 5.70B | 4.70B |
| Cash, Cash Equivalents and Short-Term Investments | 1.12B | 992.00M | 919.00M | 426.00M | 231.00M | 283.00M |
| Total Debt | 419.00M | 565.00M | 635.00M | 717.00M | 1.04B | 844.00M |
| Total Liabilities | 2.33B | 2.22B | 2.16B | 2.20B | 2.52B | 2.07B |
| Stockholders Equity | 4.90B | 4.67B | 4.39B | 3.74B | 3.16B | 2.62B |
Cash Flow | ||||||
| Free Cash Flow | 755.00M | 680.00M | 1.01B | 727.00M | -80.00M | 46.00M |
| Operating Cash Flow | 1.02B | 921.00M | 1.20B | 980.00M | 208.00M | 238.00M |
| Investing Cash Flow | -236.00M | -307.00M | -265.00M | -252.00M | -283.00M | -391.00M |
| Financing Cash Flow | -580.00M | -509.00M | -448.00M | -528.00M | 12.00M | -26.00M |
AQ Group AB Technical Analysis
Positive
185.40
Price Trends
190.96
Positive
189.71
Positive
189.36
Positive
Market Momentum
8.96
Negative
78.13
Negative
94.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AQ, the sentiment is Positive. The current price of 185.4 is below the 20-day moving average (MA) of 196.59, below the 50-day MA of 190.96, and below the 200-day MA of 189.36, indicating a bullish trend. The MACD of 8.96 indicates Negative momentum. The RSI at 78.13 is Negative, neither overbought nor oversold. The STOCH value of 94.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:AQ.
AQ Group AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | kr20.05B | 23.80 | 15.15% | 0.83% | 6.03% | 6.43% | |
70 Outperform | kr22.57B | 24.07 | 15.97% | 1.03% | 0.50% | 10.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | kr12.58B | 21.23 | 6.31% | 4.09% | -6.24% | -29.72% | |
61 Neutral | kr11.69B | 19.26 | 9.59% | 2.09% | -4.27% | -16.12% | |
58 Neutral | kr14.77B | 34.37 | 11.96% | 1.55% | -1.13% | -8.83% | |
45 Neutral | kr8.29B | 37.27 | -3.67% | 1.25% | 2.85% | -133.46% |
* Industrials Sector Average
SE:AQ
AQ Group AB
218.60
64.40
41.77%
SE:AFRY
AFRY AB Class B
111.80
-47.31
-29.73%
SE:BERG.B
Bergman & Beving AB Class B
312.50
23.51
8.13%
SE:SYSR
Systemair AB
71.00
-9.94
-12.28%
SE:ALIG
Alimak Group AB
109.00
-10.00
-8.40%
SE:BUFAB
Bufab AB
118.60
39.41
49.77%
AQ Group AB Corporate Events
AQ Group AGM Approves Dividend, Board Changes and New Incentive Program
Apr 23, 2026
AQ Group AB’s annual general meeting in Västerås approved the 2025 financial statements and confirmed a total dividend of SEK 1.80 per share, with SEK 165.1 million distributed to shareholders and more than SEK 1.08 billion carried...
AQ Group Delivers Stronger Profits and Cash Flow in Q1 2026
Apr 23, 2026
AQ Group AB reported modest growth for the first quarter of 2026, with net sales up 3% to SEK 2,358 million and operating profit rising 5% to SEK 225 million. Profit before tax increased by 9%, lifting the margin to 9.4%, while net profit reached ...
AQ Group Emphasizes Reliability and Customer-Focused Production in 2025 Report
Mar 26, 2026
AQ Group AB highlights its identity as a reliable, production-focused industrial group with a long-term business horizon. The company underscores its commitment to meeting customer expectations on quality, delivery reliability, technology and serv...
AQ Group convenes 2026 AGM with key votes on capital, governance and incentives
Mar 13, 2026
AQ Group AB has called shareholders to its annual general meeting in Västerås on 23 April 2026, offering participation in person, by proxy or through postal and electronic voting in line with its articles of association. Shareholders mus...
AQ Group lifts dividend after 2025 revenue growth but margins soften
Feb 12, 2026
AQ Group AB reported solid growth in the fourth quarter of 2025, with net sales up 9% to SEK 2.3 billion and operating profit rising 5%, although the profit margin before tax slipped to 9.1% as cash flow from operating activities halved compared w...
AQ Group Proposes Åsa Landén Ericsson as New Chair and Adds Former Systemair CEO to Board
Feb 6, 2026
AQ Group AB’s Nomination Committee will propose current board director Åsa Landén Ericsson as the new Chair of the Board and former Systemair CEO Roland Kasper as a new board director at the company’s Annual General Meeting o...
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.