Eltel AB (SE:ELTEL)
:ELTEL
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Eltel AB
(ELTEL)
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Rating:48Neutral
Price Target:
kr9.00
▼(-2.39% Downside)
Action:ReiteratedDate:02/18/26
The score is held back primarily by fragile fundamentals—very thin profitability and higher leverage despite a 2025 turnaround—plus a very high P/E. Consistently positive cash flow and a neutral-to-slightly constructive technical setup provide partial offset.
Positive Factors
Consistent positive cash generation
Positive and recurring operating cash flow, with free cash flow around SEK 24m and ~82% conversion in 2025, provides a durable source to fund working capital, modest capex, and gradual deleveraging. Sustained cash generation supports operations through project cycles and underpins solvency over 2–6 months.
Negative Factors
Very thin net profitability
A net margin around 0.3% offers a very small buffer against cost inflation, project overruns or pricing pressure. Thin profitability limits internal capital for growth or debt repayment and makes results highly sensitive to execution, increasing structural business risk if project complexity rises.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent positive cash generation
Positive and recurring operating cash flow, with free cash flow around SEK 24m and ~82% conversion in 2025, provides a durable source to fund working capital, modest capex, and gradual deleveraging. Sustained cash generation supports operations through project cycles and underpins solvency over 2–6 months.
Read all positive factors
Eltel AB (ELTEL) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.31B
Dividend YieldN/A
Average Volume (3M)49.14K
Price to Earnings (P/E)59.0
Beta (1Y)0.28
Revenue Growth-6.38%
EPS GrowthN/A
CountrySE
Employees3,956
SectorCommunication Services
Sector Strength97
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.23
Shares Outstanding156,736,790
10 Day Avg. Volume37,496
30 Day Avg. Volume49,144
Financial Highlights & Ratios
PEG Ratio-0.58
Price to Book (P/B)0.83
Price to Sales (P/S)0.16
P/FCF Ratio5.50
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)0.06
Revenue Forecast (FY)kr830.22M
Eltel AB Business Overview & Revenue Model
Company Description
Eltel AB (ELTEL) is a leading Nordic provider of technical services for the telecommunications and energy sectors. With a focus on network services, Eltel specializes in the installation, maintenance, and operation of critical infrastructure, incl...
How the Company Makes Money
Eltel generates revenue primarily through its service contracts in the telecommunications and energy sectors. The company earns money by providing installation and maintenance services for telecommunication networks, including fiber optics and mob...
Eltel AB Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
44
Neutral
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 833.13M | 828.70M | 850.10M | 823.60M | 812.60M |
| Gross Profit | 107.07M | 91.90M | 75.60M | 74.70M | 88.10M |
| EBITDA | 50.22M | 13.70M | 24.80M | 25.90M | 45.40M |
| Net Income | 2.24M | -29.70M | -7.90M | -14.90M | 4.30M |
Balance Sheet | |||||
| Total Assets | 653.22M | 585.40M | 624.30M | 621.70M | 630.80M |
| Cash, Cash Equivalents and Short-Term Investments | 43.65M | 21.30M | 24.70M | 47.90M | 32.30M |
| Total Debt | 218.64M | 135.00M | 124.90M | 172.90M | 154.10M |
| Total Liabilities | 484.91M | 396.10M | 400.60M | 410.20M | 402.90M |
| Stockholders Equity | 159.94M | 181.30M | 216.10M | 204.10M | 220.20M |
Cash Flow | |||||
| Free Cash Flow | 24.04M | 25.10M | 29.60M | 12.30M | 17.90M |
| Operating Cash Flow | 29.24M | 27.50M | 34.00M | 16.40M | 22.30M |
| Investing Cash Flow | -5.09M | -6.60M | -4.30M | -3.90M | -2.90M |
| Financing Cash Flow | -1.22M | -24.00M | -52.30M | 3.10M | -13.70M |
Eltel AB Technical Analysis
Negative
9.22
Price Trends
8.94
Negative
8.92
Negative
9.30
Negative
Market Momentum
-0.19
Positive
32.95
Neutral
22.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ELTEL, the sentiment is Negative. The current price of 9.22 is above the 20-day moving average (MA) of 8.71, above the 50-day MA of 8.94, and below the 200-day MA of 9.30, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 32.95 is Neutral, neither overbought nor oversold. The STOCH value of 22.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ELTEL.
Eltel AB Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr1.95B | 14.95 | ― | 1.24% | 4.25% | 127.31% | |
64 Neutral | kr8.46B | 13.17 | 11.66% | 2.67% | -3.68% | -48.79% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | kr3.25B | -24.33 | -3.72% | ― | -27.41% | 49.11% | |
48 Neutral | kr1.31B | 58.96 | 0.72% | ― | -6.38% | ― | |
46 Neutral | kr1.70B | -14.32 | ― | ― | 8.40% | -101.19% | |
42 Neutral | kr388.62M | -0.77 | -73.61% | ― | -0.02% | -50.72% |
* Communication Services Sector Average
SE:ELTEL
Eltel AB
8.36
0.86
11.47%
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Eltel AB Corporate Events
Eltel lifts margins and order book as new energy and data centre business gains momentum
Feb 13, 2026
Eltel reported a strong fourth quarter for 2025, with net sales up 5.7% to EUR 239 million and gross margin improving to 13.7%, as adjusted EBITA rose to EUR 8.3 million and cash flow from operations strengthened. For the full year, net sales dipp...
Eltel to Present Full-Year 2025 Results in February
Jan 28, 2026
Eltel AB will publish its full-year 2025 financial report on 13 February 2026 and will host a combined webcast and teleconference later the same morning, where President and CEO Håkan Dahlström and CFO Tarja Leikas will present the resul...
Eltel Wins Bondholder Backing for Amendments to EUR 130 Million Secured Notes
Jan 15, 2026
Eltel AB has secured bondholder approval to amend certain terms of its EUR 130 million senior secured floating rate bonds following the successful completion of a written procedure initiated in December 2025. A sufficient quorum was reached and th...
Eltel Seeks Bondholder Approval for New EUR 60m Guarantee Facilities to Support Growth
Dec 19, 2025
Eltel AB has launched a written procedure seeking bondholder approval to amend the terms of its EUR 130 million senior secured callable floating rate bonds so it can establish up to EUR 60 million in additional unsecured bank and insurance guarant...
Eltel Wins Finland’s Largest Smart Metering Contract from Caruna
Dec 18, 2025
Eltel’s Finnish operations have secured a EUR 23.7 million contract from electricity distributor Caruna to replace smart meters across Caruna’s entire distribution network, in what is described as the largest smart metering project in ...
Eltel AB to List EUR 130 Million Bonds on Nasdaq Stockholm
Dec 9, 2025
Eltel AB has issued senior secured floating rate bonds worth EUR 130 million, with a total framework of EUR 240 million, on the Swedish bond market. These bonds, maturing in June 2029, will be listed on Nasdaq Stockholm’s Corporate Bond list...
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.