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CTEK AB
(CTEK)
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Rating:59Neutral
Price Target:
kr14.50
▲(14.53% Upside)
Action:Reiterated
Date:07/21/26
The score is driven primarily by improving fundamentals—profitability has rebounded and cash flow is currently strong with manageable leverage—but is held back by limited revenue growth and volatile margins. Technical signals are neutral-to-mixed with a negative MACD, and valuation appears relatively high (P/E 27.4) without a dividend yield to offset.
Positive Factors
Strong cash generation
Consistent positive operating and free cash flow in the trailing twelve months provides durable internal funding for working capital, product development, and distribution expansion. Strong cash conversion lowers refinancing risk and gives management flexibility through cycles.
Negative Factors
Limited revenue growth
Declining/flat revenue constrains scale benefits and limits the payoff from fixed-cost leverage and R&D spend. Persistent top-line weakness makes margin and profit improvements harder to sustain and leaves the business more dependent on cost cuts for earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent positive operating and free cash flow in the trailing twelve months provides durable internal funding for working capital, product development, and distribution expansion. Strong cash conversion lowers refinancing risk and gives management flexibility through cycles.
Read all positive factors
CTEK AB (CTEK) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr979.67M
Dividend YieldN/A
Average Volume (3M)157.63K
Price to Earnings (P/E)24.6
Beta (1Y)0.61
Revenue Growth-13.52%
EPS GrowthN/A
CountrySE
Employees197
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.57
Shares Outstanding69,976,270
10 Day Avg. Volume99,192
30 Day Avg. Volume157,630
Financial Highlights & Ratios
PEG Ratio-0.20
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)0.94
Revenue Forecast (FY)kr844.80M
CTEK AB Business Overview & Revenue Model
Company Description
CTEK AB (publ) develops, markets, and sells battery charging products for vehicles in Sweden, Nordics, DACH, the Americas, rest of Europe, and internationally. The company operates in two segments, Consumer and Professional. It offers low-voltage ...
How the Company Makes Money
CTEK makes money mainly by selling battery charging and maintenance hardware and related accessories. Its revenue model is product-led: it designs and commercializes charging solutions and sells them through a mix of channels including distributor...
CTEK AB Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
63
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 788.10M | 831.60M | 913.80M | 884.20M | 925.40M | 895.30M |
| Gross Profit | 189.20M | 77.40M | 484.60M | 441.20M | 453.40M | 461.20M |
| EBITDA | 158.00M | 155.80M | 97.70M | 74.20M | 117.00M | 119.30M |
| Net Income | 39.80M | 26.30M | -42.00M | -256.90M | 2.70M | 4.40M |
Balance Sheet | ||||||
| Total Assets | 1.34B | 1.34B | 1.42B | 1.52B | 1.71B | 1.57B |
| Cash, Cash Equivalents and Short-Term Investments | 185.00M | 165.90M | 141.80M | 192.30M | 10.00M | 53.50M |
| Total Debt | 330.80M | 381.70M | 410.90M | 510.50M | 694.10M | 571.30M |
| Total Liabilities | 609.90M | 621.40M | 726.30M | 781.30M | 1.05B | 911.40M |
| Stockholders Equity | 732.10M | 718.00M | 693.20M | 735.10M | 662.30M | 655.00M |
Cash Flow | ||||||
| Free Cash Flow | 185.40M | 144.10M | 53.70M | 49.70M | -165.10M | -95.40M |
| Operating Cash Flow | 198.80M | 151.40M | 122.70M | 135.20M | -46.60M | -28.40M |
| Investing Cash Flow | -40.20M | -57.80M | -68.80M | -82.50M | -115.70M | -66.80M |
| Financing Cash Flow | -84.80M | -59.10M | -108.20M | 134.60M | 115.20M | 50.30M |
CTEK AB Technical Analysis
Neutral
12.66
Price Trends
13.69
Positive
14.32
Negative
13.79
Positive
Market Momentum
0.12
Positive
50.89
Neutral
17.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CTEK, the sentiment is Neutral. The current price of 12.66 is below the 20-day moving average (MA) of 14.08, below the 50-day MA of 13.69, and below the 200-day MA of 13.79, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 50.89 is Neutral, neither overbought nor oversold. The STOCH value of 17.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:CTEK.
CTEK AB Peers Comparison
UnderperformOutperform
Sector (63)
SE:CTEK
CTEK AB
14.00
0.68
5.11%
SE:SGG
Sensys Gatso Group AB
42.50
-1.60
-3.63%
SE:ACCON
Acconeer AB
17.12
12.04
237.01%
SE:UNIBAP
Unibap AB
8.15
1.81
28.55%
CTEK AB Corporate Events
CTEK Boosts Margins and Cash Flow Despite Decline in First-Half Sales
Jul 17, 2026
CTEK AB reported second-quarter 2026 net sales of SEK 179.1 million, down 8.3 percent organically from the prior year, while improving its gross margin to 65.7 percent from 56.3 percent. Adjusted EBITA held steady at SEK 14 million, lifting the ma...
CTEK AGM Retains Earnings, Reshapes Board and Updates Governance Framework
May 8, 2026
Shareholders at CTEK AB’s Annual General Meeting approved the 2025 financial statements and granted discharge from liability to the board and CEO, while deciding to retain earnings and not distribute a dividend, signalling a focus on reinves...
CTEK boosts margins and cash flow as it reviews EV charging unit
May 6, 2026
CTEK AB reported first-quarter 2026 net sales of SEK 187.6 million, reflecting a 5.8 percent organic decline, but improved profitability with a gross margin of 61.7 percent and an adjusted EBITA margin of 10.1 percent. Earnings after tax rose to 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.