CTEK AB (SE:CTEK)
:CTEK
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CTEK AB
(CTEK)
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Rating:55Neutral
Price Target:
kr15.50
▲(22.43% Upside)
Action:ReiteratedDate:02/08/26
The score is primarily driven by improved 2025 financial performance (earnings and free cash flow recovery) but tempered by a volatile multi-year track record and the most recent revenue contraction. Technicals are mixed (stronger short-term positioning but below the 200-day and slightly negative MACD). Valuation is a key drag due to the high P/E and lack of dividend yield data.
Positive Factors
Improving cash generation
Operating and free cash flow turned solidly positive in 2024–2025 with a pronounced step-up in 2025. Sustained positive FCF improves the company’s ability to fund operations, reduce leverage, invest in R&D or distribution, and increases strategic optionality over the medium term.
Negative Factors
Revenue volatility and recent decline
Top-line performance has been inconsistent, with modest 2024 growth followed by a 2025 decline. Persistent revenue volatility limits scale benefits, undermines margin stability and reinvestment capacity, and makes it harder to demonstrate a durable turnaround in earnings and cash flow over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Operating and free cash flow turned solidly positive in 2024–2025 with a pronounced step-up in 2025. Sustained positive FCF improves the company’s ability to fund operations, reduce leverage, invest in R&D or distribution, and increases strategic optionality over the medium term.
Read all positive factors
CTEK AB (CTEK) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.01B
Dividend YieldN/A
Average Volume (3M)157.63K
Price to Earnings (P/E)33.7
Beta (1Y)0.53
Revenue Growth3.06%
EPS Growth-795.86%
CountrySE
Employees205
SectorIndustrials
Sector Strength72
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.20
Shares Outstanding69,976,270
10 Day Avg. Volume99,192
30 Day Avg. Volume157,630
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)1.23
Price to Sales (P/S)1.07
P/FCF Ratio6.15
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)1.1
Revenue Forecast (FY)kr923.12M
CTEK AB Business Overview & Revenue Model
Company Description
CTEK AB (publ) provides battery charging products for all types of vehicles in Sweden, Nordics, DACH, the Americas, rest of Europe, and internationally. The company offers products ranging from 12V and 24V battery chargers, load balancing systems,...
How the Company Makes Money
CTEK generates revenue primarily through the sale of its battery management products, including smart chargers, battery maintenance solutions, and accessories. The company offers a range of products tailored for different applications, such as aut...
CTEK AB Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 831.60M | 913.80M | 884.20M | 925.40M | 895.30M |
| Gross Profit | 77.40M | 484.60M | 441.20M | 453.40M | 461.20M |
| EBITDA | 153.20M | 97.70M | 74.20M | 117.00M | 119.30M |
| Net Income | 26.30M | -42.00M | -256.90M | 2.70M | 4.40M |
Balance Sheet | |||||
| Total Assets | 1.34B | 1.42B | 1.52B | 1.71B | 1.57B |
| Cash, Cash Equivalents and Short-Term Investments | 165.90M | 141.80M | 192.30M | 10.00M | 53.50M |
| Total Debt | 381.70M | 410.90M | 510.50M | 694.10M | 571.30M |
| Total Liabilities | 621.40M | 726.30M | 781.30M | 1.05B | 911.40M |
| Stockholders Equity | 718.00M | 693.20M | 735.10M | 662.30M | 655.00M |
Cash Flow | |||||
| Free Cash Flow | 144.10M | 53.70M | 49.70M | -165.10M | -95.40M |
| Operating Cash Flow | 151.40M | 122.70M | 135.20M | -46.60M | -28.40M |
| Investing Cash Flow | -57.80M | -68.80M | -82.50M | -115.70M | -66.80M |
| Financing Cash Flow | -59.10M | -108.20M | 134.60M | 115.20M | 50.30M |
CTEK AB Technical Analysis
Positive
12.66
Price Trends
13.85
Positive
13.34
Positive
13.68
Positive
Market Momentum
0.11
Negative
54.66
Neutral
73.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CTEK, the sentiment is Positive. The current price of 12.66 is below the 20-day moving average (MA) of 14.13, below the 50-day MA of 13.85, and below the 200-day MA of 13.68, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 54.66 is Neutral, neither overbought nor oversold. The STOCH value of 73.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CTEK.
CTEK AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | kr1.01B | 33.70 | 3.75% | ― | 3.06% | -795.86% | |
48 Neutral | kr403.56M | -95.27 | ― | ― | 9.96% | -176.74% | |
47 Neutral | kr56.25M | -2.20 | -37.93% | ― | -82.93% | 94.83% | |
47 Neutral | kr740.10M | -42.57 | -9.00% | ― | -1.32% | 51.89% |
* Industrials Sector Average
SE:CTEK
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14.38
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4.81%
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CTEK AB Corporate Events
CTEK Boosts Margins and Returns to Profit Despite Lower 2025 Sales
Feb 6, 2026
CTEK AB reported lower sales but stronger profitability for 2025, with full-year net sales falling to SEK 832 million from SEK 914 million and organic growth down 6 percent, while the gross margin improved to 58.8 percent and adjusted EBITA margin...
CTEK AB Proposes New Chairman Amid Leadership Changes
Dec 8, 2025
CTEK AB’s Nomination Committee has proposed Andreas Örje Wellstam as the new Chairman of the Board, succeeding Johan Menckel, who will become CEO of LKAB. Wellstam, who will join Investment AB Latour as Chief Investment Officer, previou...
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.