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Atlas Copco AB
(ATCO.A)
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Rating:76Outperform
Price Target:
kr221.00
â–²(16.04% Upside)
Action:Upgraded
Date:07/17/26
The score is driven primarily by strong fundamentals (high margins, strong ROE, and robust free cash flow conversion), supported by a constructive longer-term price trend. Offsetting factors are a premium valuation (high P/E with modest yield) and moderated growth with mixed near-term momentum signals.
Positive Factors
High Profitability & Margins
Sustained high gross and EBIT margins indicate durable product differentiation and pricing power in industrial equipment. Such margins support reinvestment, R&D and aftermarket capabilities, helping preserve returns through normal cycles and enabling steady cash generation over the medium term.
Negative Factors
Slowing Revenue Growth
A marked deceleration from prior high-growth years signals more mature demand and limits top-line leverage. Slower revenue growth constrains operating leverage benefits, can temper long-term EPS expansion and forces reliance on margin improvements or share gains to sustain earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability & Margins
Sustained high gross and EBIT margins indicate durable product differentiation and pricing power in industrial equipment. Such margins support reinvestment, R&D and aftermarket capabilities, helping preserve returns through normal cycles and enabling steady cash generation over the medium term.
Read all positive factors
Atlas Copco AB (ATCO.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr915.57B
Dividend Yield1.82%
Average Volume (3M)4.61M
Price to Earnings (P/E)36.5
Beta (1Y)1.40
Revenue Growth-1.80%
EPS Growth-5.25%
CountrySE
Employees55,237
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)5.46
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
kr202.25Price Target Upside6.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)6.09
Revenue Forecast (FY)kr180.16B
Atlas Copco AB Business Overview & Revenue Model
Company Description
Atlas Copco AB (publ) provides compressed air and gas, air treatment systems, vacuum, industrial power tools and assembly systems, machine vision, and power and flow solutions in North America, South America, Europe, Africa, the Middle East, Asia,...
How the Company Makes Money
Atlas Copco primarily makes money by selling industrial equipment and by providing recurring aftermarket services and consumables tied to its installed base. Key revenue streams include: (1) Equipment sales: sales of compressors, air treatment equ...
Atlas Copco AB Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
79
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 169.92B | 168.34B | 176.77B | 172.66B | 141.32B | 110.91B |
| Gross Profit | 71.68B | 72.21B | 75.74B | 75.12B | 59.38B | 46.54B |
| EBITDA | 44.53B | 43.64B | 46.40B | 44.17B | 36.07B | 28.61B |
| Net Income | 26.62B | 26.42B | 29.78B | 28.04B | 23.48B | 18.13B |
Balance Sheet | ||||||
| Total Assets | 215.59B | 202.45B | 208.54B | 182.68B | 172.30B | 136.68B |
| Cash, Cash Equivalents and Short-Term Investments | 15.36B | 15.92B | 19.33B | 11.22B | 11.85B | 19.58B |
| Total Debt | 0.00 | 34.90B | 34.71B | 32.71B | 36.30B | 24.85B |
| Total Liabilities | 109.09B | 92.07B | 94.78B | 91.18B | 92.28B | 69.05B |
| Stockholders Equity | 106.31B | 110.21B | 113.70B | 91.45B | 79.98B | 67.63B |
Cash Flow | ||||||
| Free Cash Flow | 26.46B | 28.28B | 30.86B | 22.63B | 16.35B | 19.79B |
| Operating Cash Flow | 29.99B | 32.57B | 36.89B | 28.08B | 21.38B | 23.15B |
| Investing Cash Flow | -14.91B | -17.62B | -13.32B | -9.39B | -15.50B | -6.12B |
| Financing Cash Flow | -20.86B | -16.37B | -15.86B | -18.28B | -14.65B | -10.32B |
Atlas Copco AB Technical Analysis
Positive
190.45
Price Trends
184.83
Positive
179.88
Positive
173.87
Positive
Market Momentum
1.43
Positive
57.24
Neutral
41.75
Neutral
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 below the 20-day moving average (MA) of 192.01, above the 50-day MA of 184.83, and above the 200-day MA of 173.87, indicating a bullish trend. The MACD of 1.43 indicates Positive momentum. The RSI at 57.24 is Neutral, neither overbought nor oversold. The STOCH value of 41.75 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | kr915.57B | 36.48 | 24.69% | 1.82% | -1.80% | -5.25% | |
73 Outperform | kr68.54B | 39.37 | 22.44% | 1.71% | 7.48% | -12.10% | |
73 Outperform | kr90.98B | 25.90 | 9.65% | 1.95% | 0.11% | 7.71% | |
72 Outperform | kr467.76B | 31.55 | 16.39% | 1.94% | -0.90% | 0.66% | |
69 Neutral | kr233.69B | 28.57 | 20.42% | 1.84% | 0.90% | 6.26% | |
58 Neutral | kr72.79B | 31.33 | 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
SE:ATCO.A
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Atlas Copco AB Corporate Events
Atlas Copco Posts Record Orders on Semiconductor-Driven Surge
Jul 16, 2026
Atlas Copco reported a record second-quarter order intake of SEK 50.95 billion, up 27% year on year, driven by a 26% organic increase and strong demand from the semiconductor sector and broader industrial markets. Revenues rose 9% to SEK 44.97 bil...
Atlas Copco rides semiconductor rebound to double-digit order growth in Q2
Jul 16, 2026
Atlas Copco Group reported a sharp upswing in demand in the second quarter of 2026, led by a strong rebound from the semiconductor industry and broad-based activity across customer segments. The company’s order intake surged 27% to MSEK 50,9...
Atlas Copco to Acquire Chinese Heating and Cooling Specialist Guangdong Euroklimat
Jul 15, 2026
Atlas Copco is expanding its footprint in industrial heating and cooling by acquiring Guangdong Euroklimat Air-Conditioning Refrigeration, a Chinese manufacturer of process cooling and energy conversion equipment with plants in Guangdong and Tian...
Atlas Copco Wins Red Dot Award for Next-Generation Industrial Assembly Tools
Jul 8, 2026
Atlas Copco Group’s Industrial Technique business area has received the 2026 Red Dot Design Award for its XB range, a new generation of cordless industrial assembly tools designed for modern manufacturing. The tools emphasize ergonomics, rel...
Atlas Copco acquires Portuguese compressor distributor LusoAr to expand service footprint
Jul 2, 2026
Atlas Copco Group has acquired LusoAr, a compressor distributor based in Porto, Portugal, that supplies air compressors, air treatment, compressed air installations and related services to large and mid-sized industrial clients in northern Portuga...
Atlas Copco to Present Q2 2026 Results in Investor Conference Call
Jul 2, 2026
Atlas Copco Group, the Swedish industrial technology supplier of compressed air and vacuum systems, energy solutions, dewatering and industrial pumps, and industrial power tools, assembly and machine vision solutions, reported revenues of BSEK 168...
Atlas Copco boosts Brazilian footprint with acquisition of PowerTech
May 6, 2026
Atlas Copco Group has expanded its presence in Brazil by acquiring PowerTech Ar Comprimido Ltda., a compressed air distributor based in Belo Horizonte in the Minas Gerais state. PowerTech sells and services stationary and portable Chicago Pneumati...
Atlas Copco expands Canadian footprint with acquisition of Ontario compressor distributor
May 5, 2026
Atlas Copco Group has acquired Trident Compressed Air Ltd., a Canadian distributor based in Ontario that sells and services air compressors for customers in general industry, automotive, and the food and beverage sector. Founded in 1987, Trident&#...
Atlas Copco strengthens Belgian footprint with acquisition of LVC Solutions
May 5, 2026
Atlas Copco Group has acquired LVC Solutions, a Belgian distributor of compressed air equipment based in Genk that provides sales and service of air compressor solutions to customers in various segments of general industry. Founded in 1989, LVC...
Atlas Copco boosts vacuum portfolio with acquisition of U.S. leak testing specialist LACO
May 4, 2026
Atlas Copco Group has expanded its vacuum technology portfolio with the acquisition of LACO Technologies, a U.S.-based designer and manufacturer of vacuum solutions, vacuum chambers and advanced leak detection equipment. LACO, headquartered in Sal...
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...
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.