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Assa Abloy
(ASSA.B)
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Rating:66Neutral
Price Target:
kr376.00
▼(-1.05% Downside)
Action:Reiterated
Date:07/18/26
The score is driven primarily by strong and consistent financial performance (solid margins and strong free-cash-flow conversion) tempered by meaningful debt and an uneven recent revenue growth profile. Technical indicators are currently soft with negative MACD and sub-50 RSI, and valuation is reasonable but not cheap given the ~24.5 P/E and ~1.77% dividend yield.
Positive Factors
Strong Profitability
High and stable margins indicate durable pricing power and efficient operations across mechanical and electronic access products. This margin profile supports consistent operating earnings, funds reinvestment and strategic initiatives, and provides resilience to cyclical swings in demand over the next 2–6 months.
Negative Factors
Weak/Volatile Revenue Growth
Top-line growth has been uneven, with essentially flat revenue in 2025 and a volatile TTM growth reading that looks atypical. Persistent top-line weakness or reliance on non-recurring items raises uncertainty about sustainable organic growth, making medium-term earnings dependent on margin or cost trends.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
High and stable margins indicate durable pricing power and efficient operations across mechanical and electronic access products. This margin profile supports consistent operating earnings, funds reinvestment and strategic initiatives, and provides resilience to cyclical swings in demand over the next 2–6 months.
Read all positive factors
Assa Abloy (ASSA.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr390.88B
Dividend Yield1.77%
Average Volume (3M)1.25M
Price to Earnings (P/E)23.8
Beta (1Y)1.06
Revenue Growth-0.97%
EPS Growth12.81%
CountrySE
Employees64,426
SectorGeneral
Sector StrengthN/A
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)14.76
Shares Outstanding1,055,050,400
10 Day Avg. Volume1,320,533
30 Day Avg. Volume1,250,286
Financial Highlights & Ratios
PEG Ratio-4.49
Price to Book (P/B)3.92
Price to Sales (P/S)2.62
P/FCF Ratio21.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr399.50Price Target Upside5.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)16.06
Revenue Forecast (FY)kr156.95B
Assa Abloy Business Overview & Revenue Model
Company Description
Operating globally across Europe, the Middle East, Africa, the Americas, Asia, and Oceania, ASSA ABLOY AB (publ) delivers a comprehensive range of products, solutions, and services related to door access. These offerings cater to diverse sectors, ...
How the Company Makes Money
ASSA ABLOY makes money primarily by selling access-related products, systems, and associated services to distributors, locksmiths, integrators, door manufacturers, retailers, and end customers (commercial, public sector, and residential).
Key rev...
Assa Abloy Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 151.46B | 152.41B | 150.16B | 140.72B | 120.79B | 95.01B |
| Gross Profit | 65.35B | 64.97B | 62.73B | 56.50B | 47.93B | 37.78B |
| EBITDA | 30.94B | 29.20B | 29.85B | 26.95B | 22.66B | 18.02B |
| Net Income | 16.39B | 14.70B | 15.64B | 13.63B | 13.29B | 10.90B |
Balance Sheet | ||||||
| Total Assets | 228.11B | 208.72B | 223.63B | 197.48B | 154.56B | 129.97B |
| Cash, Cash Equivalents and Short-Term Investments | 3.87B | 1.40B | 4.53B | 1.70B | 3.42B | 4.33B |
| Total Debt | 71.39B | 65.35B | 73.50B | 65.19B | 33.73B | 28.75B |
| Total Liabilities | 116.75B | 106.65B | 116.52B | 105.83B | 68.54B | 60.38B |
| Stockholders Equity | 111.19B | 101.60B | 107.07B | 91.63B | 86.01B | 69.58B |
Cash Flow | ||||||
| Free Cash Flow | 21.40B | 18.81B | 19.33B | 18.93B | 12.36B | 10.74B |
| Operating Cash Flow | 23.97B | 21.41B | 21.39B | 21.29B | 14.36B | 12.46B |
| Investing Cash Flow | -9.70B | -13.16B | -13.93B | -47.90B | -10.56B | -3.09B |
| Financing Cash Flow | -12.44B | -11.18B | -4.45B | 24.73B | -4.70B | -7.81B |
Assa Abloy Technical Analysis
Negative
380.00
Price Trends
344.73
Positive
345.57
Positive
351.68
Negative
Market Momentum
3.28
Positive
42.94
Neutral
7.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ASSA.B, the sentiment is Negative. The current price of 380 is above the 20-day moving average (MA) of 356.06, above the 50-day MA of 344.73, and above the 200-day MA of 351.68, indicating a neutral trend. The MACD of 3.28 indicates Positive momentum. The RSI at 42.94 is Neutral, neither overbought nor oversold. The STOCH value of 7.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ASSA.B.
Assa Abloy Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr27.19B | 23.26 | 41.51% | 1.88% | 7.63% | 32.28% | |
69 Neutral | kr26.98B | 19.18 | ― | 2.74% | 1.66% | 26.04% | |
67 Neutral | kr33.57B | 18.62 | 14.93% | 3.63% | -1.94% | 8.99% | |
66 Neutral | kr390.88B | 23.84 | 15.46% | 1.66% | -0.97% | 12.81% | |
61 Neutral | kr83.76B | 14.99 | 13.98% | 3.25% | -5.74% | 0.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €9.53B | -65.98 | ― | ― | 9.90% | -38.94% |
* General Sector Average
SE:ASSA.B
Assa Abloy
348.90
18.35
5.55%
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-42.84%
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.