CTT Systems AB (SE:CTT)
:CTT
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CTT Systems AB
(CTT)
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Rating:64Neutral
Price Target:
kr144.00
▼(-26.31% Downside)
Action:ReiteratedDate:02/08/26
The score is primarily supported by strong underlying profitability and a low-debt balance sheet, but is held back by deteriorating recent financial momentum (lower revenue/margins and weaker free cash flow) and very weak technicals (price below key moving averages and bearish momentum). Valuation is a secondary drag due to a high P/E despite a supportive dividend yield.
Positive Factors
Profitability
High trailing margins (~63% gross, ~20% net) and ~21% ROE indicate strong unit economics and consistent profitability. This supports durable cash generation, funds reinvestment or dividends, and provides a buffer versus demand shocks, supporting operations over months.
Negative Factors
Declining Revenue & Margins
An ongoing revenue decline and meaningful margin step-down versus 2024 suggest weakening end-market demand or adverse mix. Lower top-line and normalized margins reduce earnings power and constrain reinvestment capacity until volumes or mix improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability
High trailing margins (~63% gross, ~20% net) and ~21% ROE indicate strong unit economics and consistent profitability. This supports durable cash generation, funds reinvestment or dividends, and provides a buffer versus demand shocks, supporting operations over months.
Read all positive factors
CTT Systems AB (CTT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.68B
Dividend Yield2.75%
Average Volume (3M)11.58K
Price to Earnings (P/E)64.7
Beta (1Y)0.71
Revenue Growth-3.14%
EPS Growth-35.70%
CountrySE
Employees86
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)0.45
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)8.25
Revenue Forecast (FY)kr427.00M
CTT Systems AB Business Overview & Revenue Model
Company Description
CTT Systems AB (publ) designs, manufactures, and supplies humidity control products for aircraft worldwide. The company offers humidifiers and dehumidifiers for passenger cabins, flight decks, crew rest compartments, and VIP/business jets; and act...
How the Company Makes Money
CTT makes money primarily by selling aircraft environmental control equipment and related services into the commercial aviation value chain. Key revenue streams include: (1) Original equipment (OE) sales, where CTT supplies humidification and mois...
CTT Systems AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 264.40M | 300.10M | 308.90M | 240.60M | 151.30M |
| Gross Profit | 55.20M | 241.70M | 247.70M | 197.40M | 118.50M |
| EBITDA | 55.40M | 119.90M | 127.60M | 98.90M | 38.10M |
| Net Income | 38.60M | 85.50M | 95.50M | 66.30M | 14.20M |
Balance Sheet | |||||
| Total Assets | 355.80M | 393.20M | 417.30M | 377.10M | 328.60M |
| Cash, Cash Equivalents and Short-Term Investments | 26.60M | 68.70M | 117.90M | 60.10M | 49.30M |
| Total Debt | 35.50M | 44.10M | 41.80M | 45.50M | 72.20M |
| Total Liabilities | 93.80M | 102.70M | 103.30M | 107.80M | 115.60M |
| Stockholders Equity | 262.00M | 290.50M | 314.00M | 269.30M | 213.00M |
Cash Flow | |||||
| Free Cash Flow | 34.00M | 61.20M | 109.10M | 53.80M | 21.70M |
| Operating Cash Flow | 35.90M | 66.30M | 116.80M | 61.20M | 30.30M |
| Investing Cash Flow | -5.30M | -4.50M | -7.50M | -7.30M | -8.60M |
| Financing Cash Flow | -68.50M | -110.60M | -52.20M | -43.60M | 6.60M |
CTT Systems AB Technical Analysis
Neutral
195.40
Price Trends
136.86
Negative
161.94
Negative
190.85
Negative
Market Momentum
-1.91
Negative
50.19
Neutral
80.13
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CTT, the sentiment is Neutral. The current price of 195.4 is above the 20-day moving average (MA) of 131.30, above the 50-day MA of 136.86, and above the 200-day MA of 190.85, indicating a neutral trend. The MACD of -1.91 indicates Negative momentum. The RSI at 50.19 is Neutral, neither overbought nor oversold. The STOCH value of 80.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:CTT.
CTT Systems AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr336.40B | 45.69 | 13.56% | 0.39% | 22.49% | 30.47% | |
69 Neutral | kr375.02M | 28.70 | 33.71% | 1.22% | 34.25% | 57.77% | |
64 Neutral | kr1.68B | 64.68 | ― | 2.75% | -3.14% | -35.70% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | kr828.82M | -13.95 | -6.70% | ― | 30.82% | 57.74% | |
51 Neutral | kr6.03B | 37.97 | 10.29% | 0.41% | 47.87% | -439.87% | |
48 Neutral | kr2.83B | -94.90 | ― | ― | 9.60% | 40.86% |
* Industrials Sector Average
SE:CTT
CTT Systems AB
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-29.44%
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CTT Systems AB Corporate Events
CTT Systems Sets Date for Q1 2026 Interim Report and Webcast
Apr 10, 2026
CTT Systems AB has announced that it will publish its interim report for the first quarter of 2026 on April 28, with a webcast presentation scheduled the same morning. The results will be presented by chief executive Henrik Höjer and chief fi...
CTT Systems Publishes 2025 Annual Report and Sets 2026 AGM Date
Mar 31, 2026
CTT Systems AB has released its 2025 annual report, outlining its operations in aircraft humidification and anti-condensation systems, along with strategic reviews, sustainability reporting, risk management and detailed financial statements. The c...
CTT Systems Calls 2026 AGM with Postal Voting and Board Re-elections
Mar 31, 2026
CTT Systems AB has called shareholders to its 2026 Annual General Meeting, to be held on 7 May at the company’s office in Nyköping, with registration opening 30 minutes before the start. In line with its articles of association, the com...
CTT Systems Updates Nomination Committee Ahead of 2026 AGM
Mar 19, 2026
CTT Systems AB has announced a change in its Nomination Committee, with SEB Funds AB appointing Anette Andersson as its new representative, replacing Christian Lage Lindström. The move reflects ongoing engagement by major shareholders in CTT&...
CTT Systems Hit by FX and Inventory Swings but Sees 2026 Rebound on OEM and Aftermarket Growth
Feb 6, 2026
CTT Systems reported a weak fourth quarter and full-year 2025, with net sales down 31% in the quarter and 12% for the year, and operating profit almost halved as currency headwinds, lower aftermarket spare-parts demand and distributor inventory re...
CTT Systems Sets Date for Q4 and Full-Year 2025 Results Presentation
Jan 12, 2026
CTT Systems AB has announced that it will publish its interim report for the fourth quarter and full-year 2025 on 6 February 2026 at 08:00 CET, followed by a webcast presentation at 09:30 CET led by CEO Henrik Höjer and CFO Markus Berg. Inves...
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.