Elanders AB Class B (ELAN.B) AI Stock Analysis

• Market Cap: €2.04B
• Dividend Yield: 7.2%
• Average Volume (3M): 17.59K
• Price to Earnings (P/E): 24.2
• Beta (1Y): 0.58
• Revenue Growth: 0.37%
• EPS Growth: -50.30%
• Country: SE
• Employees: 6,983
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): 0.90
• Shares Outstanding: 33,542,940
• 10 Day Avg. Volume: 16,166
• 30 Day Avg. Volume: 17,589
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €61.81
• Price Target Upside: 8.62% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: kr62.00 ▲(8.96% Upside)

Elanders AB's overall stock score reflects its solid financial position with strong revenue growth and zero debt, which enhances stability. The valuation is attractive due to a high dividend yield, although the P/E ratio suggests fair valuation. Technical analysis indicates a neutral trend with some bullish momentum. However, declining net income and lower return on equity are areas for improvement.

Elanders AB Class B Business Overview & Revenue Model

Company Description

Elanders AB (publ), a logistics company, provides supply chain management, and print and packaging solutions primarily in Sweden, rest of Europe, Asia, North and South America, and internationally. It offers global order management services; sourcing and procurement services; custom configuration and assembly services; warehousing and inventory management; and print and packaging services. The company also provides fulfillment and distribution services; freight services; after sales services, such as warehousing spare parts, accessories, replacement equipment, and consumables, as well as repairs and service; and e-commerce services. In addition, the company sells photo products under the fotokasten and myphotobook brands. It serves automotive, electronics, fashion and lifestyle, health care and life science, and industrial sectors. The company was incorporated in 1908 and is headquartered in Mölndal, Sweden. Elanders AB (publ) is a subsidiary of Carl Bennet AB.

How the Company Makes Money

Elanders makes money through its diversified portfolio of services, primarily focusing on supply chain management and print & packaging solutions. The company earns revenue by providing value-added services in logistics, such as freight management, warehousing, and distribution. Additionally, Elanders generates income by offering print and packaging services, which include digital print production, packaging design, and e-commerce packaging solutions. Key partnerships with major corporations and its strategic presence in various industries further bolster its revenue streams by enabling Elanders to deliver comprehensive, integrated solutions to a broad client base.

Elanders AB Class B Financial Statement Overview

Summary

Elanders AB demonstrates a solid financial position with strong revenue growth and zero debt, enhancing its stability. However, declining net income and lower return on equity indicate areas for improvement. Cash flow management remains effective, but the company should focus on improving profitability and cash conversion to sustain long-term growth.

Income Statement

Elanders AB shows positive revenue growth from 2023 to 2024, driven by a significant increase in total revenue. Gross profit margin improved slightly, reflecting better cost management. However, net profit margin decreased due to a decline in net income, signaling potential profitability challenges. EBIT and EBITDA margins remained stable, indicating operational efficiency.

Balance Sheet

The balance sheet saw a significant improvement in the equity ratio, suggesting a strong financial position with an increase in stockholders' equity relative to total assets. The company eliminated its total debt by 2024, reducing financial risk. Return on equity decreased due to lower net income, which may affect shareholder value in the long term.

Cash Flow

Operating cash flow decreased, but free cash flow remained positive, indicating effective capital expenditure management. The free cash flow to net income ratio is high, showing strong cash generation relative to net income. However, the operating cash flow to net income ratio decreased, suggesting potential challenges in converting income into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.65B	14.14B	13.87B	14.97B	11.73B	11.05B
Gross Profit	2.31B	2.41B	2.35B	2.23B	1.64B	1.57B
EBITDA	1.01B	2.19B	1.99B	1.90B	1.47B	1.42B
Net Income	84.00M	176.00M	248.00M	470.00M	322.30M	287.10M
Balance Sheet
Total Assets	15.94B	17.07B	15.63B	14.57B	11.80B	8.64B
Cash, Cash Equivalents and Short-Term Investments	1.15B	1.14B	1.11B	904.00M	898.10M	1.10B
Total Debt	9.37B	10.09B	9.23B	8.10B	6.05B	3.85B
Total Liabilities	12.37B	12.96B	11.77B	10.70B	8.50B	5.73B
Stockholders Equity	3.57B	4.08B	3.84B	3.83B	3.28B	2.89B
Cash Flow
Free Cash Flow	1.14B	1.22B	1.58B	868.10M	923.70M	1.63B
Operating Cash Flow	1.32B	1.42B	1.78B	1.11B	1.06B	1.73B
Investing Cash Flow	-267.00M	-1.25B	-1.01B	-274.30M	-1.39B	-115.70M
Financing Cash Flow	-1.13B	-207.00M	-532.50M	-897.90M	54.20M	-1.06B

Elanders AB Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 56.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ELAN.B, the sentiment is Negative. The current price of 56.9 is below the 20-day moving average (MA) of 57.90, below the 50-day MA of 57.27, and below the 200-day MA of 66.12, indicating a neutral trend. The MACD of 0.42 indicates Positive momentum. The RSI at 49.62 is Neutral, neither overbought nor oversold. The STOCH value of 25.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ELAN.B.

Elanders AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ELAN.B	67 Neutral	€2.04B	24.25	2.21%	7.20%	0.37%	-50.30%
QAIR	61 Neutral	349.19M	324.59	0.52%	―	-6.40%	-95.33%
SVIK	55 Neutral	1.65B	163.56	2.64%	1.00%	3.95%	-80.76%
SALT.B	54 Neutral	1.48B	-20.90	-39.59%	―	-1.27%	-29.29%
ELTEL	45 Neutral	1.50B	-55.84	0.00%	―	-6.41%	90.48%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Elanders AB Class B Corporate Events

Elanders AB’s Climate Targets Approved by SBTi

Elanders AB has received validation for its climate targets from the Science Based Targets initiative (SBTi), aligning with the Paris Agreement’s goal to limit global warming to 1.5 degrees. This approval marks a significant step in Elanders’ sustainability journey, with ambitious goals to reduce greenhouse gas emissions by 2030 and achieve net-zero emissions by 2050, demonstrating the company’s commitment to sustainability and collaboration with stakeholders.

Elanders AB Releases Q2 2025 Financial Report

Elanders AB has released its quarterly report for January to June 2025, highlighting its performance across various metrics. The report, which is aligned with the EU Market Abuse Regulation and the Securities Markets Act, was made public on July 11, 2025. The company has shown its financial data, including net sales and EBITA, reflecting its operational status and market positioning. The report provides insights into the company’s financial health and strategic direction, which are crucial for stakeholders and investors.

Elanders to Release Q2 2025 Report and Host Conference Call

Elanders announced it will release its second quarter 2025 report on July 11, followed by a conference call hosted by the President and CEO, Magnus Nilsson, and Group CFO, Åsa Vilsson. This announcement invites fund managers, analysts, and media to join the call, reflecting the company’s commitment to transparency and engagement with stakeholders.

Elanders Appoints Charles Ickes as Group COO to Drive Global Growth

Elanders has appointed Charles Ickes as the Group Chief Operating Officer, a newly established role aimed at enhancing strategic alignment and operational integration across its global supply chain network. Ickes, who will continue as CEO of Bergen Logistics, will focus on driving growth, harmonizing technology infrastructure, and implementing AI-driven operations, positioning Elanders for sustainable growth and technological advancement.

Elanders AB Announces Leadership Change in Group Management

Elanders AB announced a change in its Group Management as Bernd Schwenger steps down as CEO of its subsidiary LGI, to be succeeded by Florian Beck, currently COO of Bergen Logistics. This leadership change reflects Elanders’ strategic focus on strengthening its supply chain solutions, leveraging Beck’s extensive experience in contract logistics and business development to enhance its operational capabilities.