Atlas Copco AB (SE:ATCO.A)
:ATCO.A
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Atlas Copco AB
(ATCO.A)
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Rating:68Neutral
Price Target:
kr191.00
▲(0.29% Upside)
Action:DowngradedDate:04/29/26
The score is driven primarily by strong underlying financial quality (high margins, strong ROE, and conservative leverage), partially offset by decelerating growth and softer recent cash flow momentum. Technical signals are mixed but currently weaker (below key moving averages), and the valuation is on the expensive side (P/E ~30.6 with a modest ~1.71% yield).
Positive Factors
Strong margins and profitability
Sustained high gross and net margins indicate durable earnings power and pricing strength across equipment and services. These margins support reinvestment in R&D and service capabilities, underpinning competitive positioning and steady long-term cash generation even if top-line growth slows.
Negative Factors
Cooling revenue growth
A shift from prior rapid expansion to modest revenue decline suggests demand normalization and potential market saturation in some segments. Sustained top-line weakness can pressure investment plans, slow aftermarket attach in the long run, and make it harder to expand margins or sustain prior earnings growth rates.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong margins and profitability
Sustained high gross and net margins indicate durable earnings power and pricing strength across equipment and services. These margins support reinvestment in R&D and service capabilities, underpinning competitive positioning and steady long-term cash generation even if top-line growth slows.
Read all positive factors
Atlas Copco AB (ATCO.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr855.36B
Dividend Yield1.82%
Average Volume (3M)4.61M
Price to Earnings (P/E)31.8
Beta (1Y)1.39
Revenue Growth-5.93%
EPS Growth-10.65%
CountrySE
Employees55,248
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)5.35
Shares Outstanding3,357,576,400
10 Day Avg. Volume4,404,649
30 Day Avg. Volume4,613,898
Financial Highlights & Ratios
PEG Ratio-2.75
Price to Book (P/B)7.34
Price to Sales (P/S)4.80
P/FCF Ratio28.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr193.00Price Target Upside1.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)5.92
Revenue Forecast (FY)kr174.59B
Atlas Copco AB Business Overview & Revenue Model
Company Description
Atlas Copco AB, together with its subsidiaries, provides productivity solutions. The company operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments. It offers piston compressors, oil-free tooth ...
How the Company Makes Money
Atlas Copco makes money primarily by selling equipment and by providing aftermarket support over the installed base of that equipment. Key revenue streams include: (1) Equipment sales: One-time revenue from the sale of compressors (including air t...
Atlas Copco AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 166.15B | 168.34B | 176.77B | 172.66B | 141.32B | 110.91B |
| Gross Profit | 70.84B | 72.21B | 75.74B | 75.12B | 59.38B | 46.54B |
| EBITDA | 43.40B | 43.64B | 46.40B | 44.17B | 36.07B | 28.61B |
| Net Income | 26.08B | 26.42B | 29.78B | 28.04B | 23.48B | 18.13B |
Balance Sheet | ||||||
| Total Assets | 215.64B | 202.45B | 208.54B | 182.68B | 172.30B | 136.68B |
| Cash, Cash Equivalents and Short-Term Investments | 21.39B | 16.13B | 19.33B | 11.22B | 11.85B | 19.58B |
| Total Debt | 35.47B | 34.90B | 34.71B | 32.71B | 36.30B | 24.85B |
| Total Liabilities | 93.63B | 92.07B | 94.78B | 91.18B | 92.28B | 69.05B |
| Stockholders Equity | 121.82B | 110.21B | 113.70B | 91.45B | 79.98B | 67.63B |
Cash Flow | ||||||
| Free Cash Flow | 25.63B | 28.28B | 30.86B | 22.63B | 16.35B | 19.79B |
| Operating Cash Flow | 29.19B | 32.57B | 36.89B | 28.08B | 21.38B | 23.15B |
| Investing Cash Flow | -15.45B | -17.62B | -13.32B | -9.39B | -15.50B | -6.12B |
| Financing Cash Flow | -14.21B | -16.37B | -15.86B | -18.28B | -14.65B | -10.32B |
Atlas Copco AB Technical Analysis
Positive
190.45
Price Trends
179.57
Positive
175.86
Positive
165.88
Positive
Market Momentum
2.76
Negative
70.05
Negative
90.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ATCO.A, the sentiment is Positive. The current price of 190.45 is above the 20-day moving average (MA) of 170.34, above the 50-day MA of 179.57, and above the 200-day MA of 165.88, indicating a bullish trend. The MACD of 2.76 indicates Negative momentum. The RSI at 70.05 is Negative, neither overbought nor oversold. The STOCH value of 90.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ATCO.A.
Atlas Copco AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr86.12B | 20.02 | 9.65% | 1.95% | -2.11% | 1.86% | |
72 Outperform | kr482.06B | 28.92 | 16.39% | 1.94% | -0.90% | 0.66% | |
71 Outperform | kr57.30B | 14.88 | 22.44% | 1.71% | 10.54% | -8.85% | |
69 Neutral | kr227.25B | 27.89 | 20.42% | 1.84% | 0.90% | 6.26% | |
68 Neutral | kr855.36B | 31.77 | 24.69% | 1.82% | -5.93% | -10.65% | |
58 Neutral | kr65.49B | 34.22 | 11.04% | 0.95% | -0.44% | 0.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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Atlas Copco AB Corporate Events
Atlas Copco Honors 2026 Innovation Awards for Efficiency and Sustainable Industrial Solutions
Apr 29, 2026
Atlas Copco Group has announced the recipients of its 2026 Group awards, highlighting breakthrough innovations in compressor manufacturing, semiconductor vacuum technology and offshore nitrogen supply within its Compressor Technique, Vacuum Techni...
Atlas Copco AGM Backs SEK 5 Dividend, Re-elects Board and Expands Incentive Plans
Apr 28, 2026
Atlas Copco’s 2026 Annual General Meeting approved the 2025 accounts, discharged the Board and CEO from liability, and confirmed a total dividend of SEK 5.00 per share, split into two equal instalments in May and October 2026. Shareholders r...
Atlas Copco Q1: Vacuum Demand Lifts Organic Growth Amid Profit Softening
Apr 28, 2026
Atlas Copco reported that overall equipment and service demand improved in the first quarter of 2026, with strong growth in vacuum equipment orders driven by the semiconductor industry and solid service activity across all regions. Despite reporte...
Atlas Copco Posts Solid Q1 as Vacuum Demand Lifts Orders and Revenue
Apr 28, 2026
Atlas Copco delivered a solid first quarter of 2026, with customer activity remaining high and demand improving year-on-year, particularly for vacuum equipment, which helped drive organic growth in both orders and revenues. Order intake reached MS...
Atlas Copco Names New Head of Industrial Technique After Revenue Correction
Apr 15, 2026
Atlas Copco has appointed Håkan Andersson as President of its Industrial Technique business area and member of Group Management, effective June 1, 2026, succeeding Henrik Elmin, who will stay on until September to support a smooth transition....
Atlas Copco names Håkan Andersson to lead Industrial Technique business area
Apr 15, 2026
Atlas Copco has appointed long-time executive Håkan Andersson as President of its Industrial Technique business area and member of Group Management, effective June 1, 2026. Andersson, who joined the group in 2009 and currently leads the Gener...
Atlas Copco to Present Q1 2026 Results and Host Investor Call on April 28
Apr 14, 2026
Atlas Copco Group will release its first-quarter 2026 results on April 28 at around 11:00 CEST, followed by a conference call for investors, analysts and media at 13:00 CEST the same day. President and CEO Vagner Rego and CFO Peter Kinnart will pr...
Atlas Copco buys ultra-high purity gas systems unit to bolster semiconductor portfolio
Apr 2, 2026
Atlas Copco has acquired the assets related to Stainless Design Concepts, a division of CVD Equipment Corporation that designs and manufactures ultra-high purity gas and liquid chemical delivery and distribution systems for semiconductor and indus...
Atlas Copco to Acquire Ultra-High Purity Gas Systems Division from CVD Equipment
Mar 24, 2026
Atlas Copco Group has agreed to acquire the assets of Stainless Design Concepts, the division of CVD Equipment Corporation that designs and manufactures ultra-high purity gas and chemical delivery systems for semiconductor and industrial customers...
Atlas Copco Sets April Date and Mail-Voting Option for 2026 AGM
Mar 23, 2026
Atlas Copco AB has called its 2026 Annual General Meeting for April 28 at Nya Cirkus in central Stockholm, offering shareholders the option to attend in person or be represented by proxy. To participate, investors must be registered with Euroclear...
Atlas Copco’s Industrial Technique Chief to Depart as Group Starts Successor Search
Mar 4, 2026
Atlas Copco Group has announced that Henrik Elmin, Senior Executive Vice President and Business Area President for Industrial Technique, will leave the company in September to pursue board positions and industrial advisory roles. Elmin, who joined...
Atlas Copco Buys Louisiana Portable Compressor Distributor Cypress Equipment Rental
Mar 3, 2026
Atlas Copco Group has acquired Cypress Equipment Rental, a Louisiana-based distributor of portable compressors that will be integrated into its Portable Air division within the Power Technique business area. Cypress, with 14 employees and 2025 rev...
Atlas Copco to acquire U.S. vacuum specialist LACO Technologies
Feb 20, 2026
Atlas Copco Group is expanding its vacuum technology portfolio with the acquisition of LACO Technologies, a U.S.-based designer and manufacturer of complete vacuum solutions, vacuum chambers and advanced leak detection systems for aerospace, RD an...
Atlas Copco Nominates Volvo Chief Martin Lundstedt to Strengthen Board
Feb 20, 2026
Atlas Copco’s Nomination Committee has proposed Volvo Group President and CEO Martin Lundstedt as a new member of the Board of Directors ahead of the 2026 Annual General Meeting, adding a leader with deep experience in global industrial oper...
Atlas Copco strengthens German process filtration presence with Zind acquisition
Feb 3, 2026
Atlas Copco has expanded its footprint in process filtration by integrating the business of Zind Verfahrenstechnik, a Mainz-based German distributor of filter cartridges, capsules, housings and spare parts serving industrial customers in sectors s...
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.