Want to see SE:CTT full AI Analyst Report?
Top Page
CTT Systems AB
(CTT)
Select Model
Select Model
Rating:62Neutral
Price Target:
kr130.00
▼(-33.47% Downside)
Action:Reiterated
Date:07/22/26
The score is supported primarily by strong underlying financial quality (solid profitability, low leverage, positive free cash flow), but is held back by clear technical weakness (below major moving averages with negative momentum) and a relatively high valuation (P/E ~36.6) that leaves less room for near-term execution risk given recent revenue softness and margin normalization.
Positive Factors
High profit margins
Sustained high gross and healthy operating/net margins indicate strong product economics and pricing power in a specialized aerospace niche. Durable margin structure supports reinvestment in R&D, certification work, and aftermarket service capacity even if volumes fluctuate.
Negative Factors
Cooling revenue growth
A meaningful decline in top-line growth reduces scale benefits and may signal weaker OEM orders or slower retrofit adoption. If sustained, falling revenue compresses operating leverage, limits investment in product development, and risks shrinking the aftermarket base that drives recurring sales.
Read all positive and negative factors
Positive Factors
Negative Factors
High profit margins
Sustained high gross and healthy operating/net margins indicate strong product economics and pricing power in a specialized aerospace niche. Durable margin structure supports reinvestment in R&D, certification work, and aftermarket service capacity even if volumes fluctuate.
Read all positive factors
CTT Systems AB (CTT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.58B
Dividend Yield1.91%
Average Volume (3M)11.58K
Price to Earnings (P/E)43.1
Beta (1Y)0.68
Revenue Growth-0.29%
EPS Growth-33.33%
CountrySE
Employees82
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)2.92
Shares Outstanding12,529,443
10 Day Avg. Volume5,817
30 Day Avg. Volume11,579
Financial Highlights & Ratios
PEG Ratio-1.18
Price to Book (P/B)9.53
Price to Sales (P/S)9.44
P/FCF Ratio73.43
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)4.6
Revenue Forecast (FY)kr303.00M
CTT Systems AB Business Overview & Revenue Model
Company Description
CTT Systems AB (publ) provides humidity control systems for aircraft in Sweden, Denmark, France, the United States, and internationally. The company offers humidifiers for passenger cabins, flight decks, crew rest compartments, and VIP/business je...
How the Company Makes Money
CTT makes money primarily by selling aircraft humidity-management equipment and by earning recurring aftermarket revenue from the operation of that equipment over its service life. Key revenue streams typically include: (1) Original equipment (OE)...
CTT Systems AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 272.60M | 264.40M | 300.10M | 308.90M | 240.60M | 151.30M |
| Gross Profit | 151.00M | 55.20M | 241.70M | 247.70M | 197.40M | 118.50M |
| EBITDA | 53.10M | 55.40M | 119.90M | 127.60M | 98.90M | 38.10M |
| Net Income | 36.60M | 38.60M | 85.50M | 95.50M | 66.30M | 14.20M |
Balance Sheet | ||||||
| Total Assets | 351.20M | 355.80M | 393.20M | 417.30M | 377.10M | 328.60M |
| Cash, Cash Equivalents and Short-Term Investments | 12.10M | 26.60M | 68.70M | 117.90M | 60.10M | 49.30M |
| Total Debt | 46.60M | 35.50M | 44.10M | 41.80M | 45.50M | 72.20M |
| Total Liabilities | 102.80M | 93.80M | 102.70M | 103.30M | 107.80M | 115.60M |
| Stockholders Equity | 248.40M | 262.00M | 290.50M | 314.00M | 269.30M | 213.00M |
Cash Flow | ||||||
| Free Cash Flow | 34.60M | 34.00M | 61.20M | 109.10M | 53.80M | 21.70M |
| Operating Cash Flow | 43.40M | 35.90M | 66.30M | 116.80M | 61.20M | 30.30M |
| Investing Cash Flow | -11.20M | -5.30M | -4.50M | -7.50M | -7.30M | -8.60M |
| Financing Cash Flow | -22.20M | -68.50M | -110.60M | -52.20M | -43.60M | 6.60M |
CTT Systems AB Technical Analysis
Positive
195.40
Price Trends
129.33
Positive
127.94
Positive
149.17
Negative
Market Momentum
0.36
Negative
66.63
Neutral
92.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CTT, the sentiment is Positive. The current price of 195.4 is above the 20-day moving average (MA) of 124.54, above the 50-day MA of 129.33, and above the 200-day MA of 149.17, indicating a neutral trend. The MACD of 0.36 indicates Negative momentum. The RSI at 66.63 is Neutral, neither overbought nor oversold. The STOCH value of 92.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CTT.
CTT Systems AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr322.48B | 45.33 | 15.85% | 0.37% | 26.03% | 35.89% | |
69 Neutral | kr247.66M | 14.48 | 30.46% | 1.22% | 23.13% | 15.71% | |
62 Neutral | kr1.58B | 43.08 | ― | 2.75% | -0.29% | -33.33% | |
62 Neutral | kr10.20B | 38.00 | 17.14% | 0.34% | 91.38% | ― | |
59 Neutral | kr813.68M | -14.40 | -7.29% | ― | -18.69% | -252.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | kr2.13B | -40.53 | -24.76% | ― | ― | ― |
* General Sector Average
SE:CTT
CTT Systems AB
129.80
-78.46
-37.68%
SE:SAAB.B
Saab AB
633.40
131.80
26.28%
SE:AAC
AAC Clyde Space
124.80
39.00
45.45%
SE:AVT.B
AVTECH Sweden AB
5.27
-6.48
-55.15%
SE:MILDEF
MilDef Group AB
226.80
65.45
40.57%
SE:GOMX
GomSpace Group AB
12.49
1.35
12.12%
CTT Systems AB Corporate Events
CTT Systems Balances OEM Surge With Private Jet Slump in Q2 2026
Jul 21, 2026
CTT Systems AB, a Swedish aerospace supplier, reported second-quarter 2026 net sales of MSEK 75.9, down 5% year-on-year, with EBIT falling to MSEK 14.3 and margins squeezed by weaker private jet activity despite strong growth in original equipment...
CTT Systems to Present Q2 2026 Interim Report via Webcast
Jul 7, 2026
CTT Systems AB has scheduled the release of its interim report for the second quarter of 2026 for July 21 at 08:00 CEST, underscoring an important upcoming update on its financial and operational performance. The company will follow the publicatio...
CTT Systems trims dividend as AGM backs governance continuity and higher board fees
May 7, 2026
CTT Systems AB’s annual general meeting approved the 2025 accounts, discharged the board and CEO from liability, and backed a significantly lower ordinary dividend of SEK 2.40 per share compared with the previous year, signalling a more caut...
CTT Systems lifts Q1 earnings on strong OEM growth despite cash flow and jet market headwinds
Apr 28, 2026
CTT Systems reported a strong first quarter of 2026, with net sales up 22% to SEK 66.1 million and operating profit more than doubling, lifting the EBIT margin to 15% despite negative currency effects and one-off VIP project costs. The OEM busines...
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.