CTEK AB (SE:CTEK)
:CTEK
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CTEK AB
(CTEK)
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Rating:55Neutral
Price Target:
kr16.50
▲(30.33% 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
Diverse go-to-market and customer mix
CTEK sells through retail/aftermarket, professional B2B customers and OEM partners, reducing single-channel concentration. This multi-channel model supports durable revenue access across end markets, helps absorb channel-specific shocks and enables OEM integrations that can create sticky, long-term demand.
Negative Factors
Revenue contraction and choppy growth
CTEK’s revenue trajectory is inconsistent, showing modest growth in 2024 but a decline in 2025 and a multi-year choppy pattern. Persistent top-line volatility undermines margin recovery prospects, complicates planning for capex/OEM investments, and raises execution risk versus competitors with steadier demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Diverse go-to-market and customer mix
CTEK sells through retail/aftermarket, professional B2B customers and OEM partners, reducing single-channel concentration. This multi-channel model supports durable revenue access across end markets, helps absorb channel-specific shocks and enables OEM integrations that can create sticky, long-term demand.
Read all positive factors
CTEK AB (CTEK) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.13B
Dividend YieldN/A
Average Volume (3M)157.63K
Price to Earnings (P/E)33.7
Beta (1Y)0.58
Revenue Growth-8.99%
EPS GrowthN/A
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)1.06
Revenue Forecast (FY)kr926.08M
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 makes money mainly by selling battery charging and battery management products through multiple channels and customer types. Its revenue model is primarily product-based: (1) Retail/aftermarket sales of branded smart chargers, maintainers, an...
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
14.46
Positive
13.62
Positive
13.63
Positive
Market Momentum
0.43
Negative
74.48
Negative
92.23
Negative
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 14.77, below the 50-day MA of 14.46, and below the 200-day MA of 13.63, indicating a bullish trend. The MACD of 0.43 indicates Negative momentum. The RSI at 74.48 is Negative, neither overbought nor oversold. The STOCH value of 92.23 is Negative, 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% | |
56 Neutral | kr1.11B | -21.15 | -9.00% | ― | 16.63% | 27.43% | |
55 Neutral | kr1.13B | 33.70 | 3.75% | ― | -8.99% | ― | |
48 Neutral | kr431.81M | -95.27 | ― | ― | 13.97% | -182.06% | |
47 Neutral | kr54.09M | -2.20 | -37.93% | ― | -80.63% | 97.75% |
* Industrials Sector Average
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CTEK AB Corporate Events
CTEK AB Sets 2026 Annual General Meeting to Approve Accounts and Profit Allocation
Apr 7, 2026
CTEK AB has convened its Annual General Meeting for 8 May 2026, to be held at the company’s premises in Sundbyberg, Sweden, with shareholder registration starting half an hour before proceedings. Shareholders can participate either in person...
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...
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.