EQT AB (EQT) AI Stock Analysis

• Market Cap: kr430.87B
• Dividend Yield: 1.21%
• Average Volume (3M): 1.41M
• Price to Earnings (P/E): 43.7
• Beta (1Y): 1.51
• Revenue Growth: 14.62%
• EPS Growth: 108.05%
• Country: SE
• Employees: 1,937
• Sector: Energy
• Sector Strength: 52
• Industry: Asset Management
• EPS (TTM): N/A
• Shares Outstanding: 1,234,611,900
• 10 Day Avg. Volume: 1,405,391
• 30 Day Avg. Volume: 1,413,846
• PEG Ratio: 0.09
• Price to Book (P/B): 3.89
• Price to Sales (P/S): 11.87
• P/FCF Ratio: 70.47
• 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: kr368.00
• Price Target Upside: 4.66% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: kr359.00 ▲(2.10% Upside)

EQT AB's overall stock score is driven primarily by its strong financial performance, characterized by robust revenue growth and profitability. However, the stock's technical indicators present mixed signals, and its valuation suggests it may be overvalued, which tempers the overall score.

Positive Factors

Strong Revenue Growth

EQT's robust revenue growth indicates successful business expansion and effective market penetration, supporting long-term sustainability and competitive positioning.

Successful Fundraising

EQT's ability to exceed fundraising targets demonstrates strong investor confidence and enhances its capacity to deploy capital for future growth opportunities.

Improved EBITDA Margins

The improvement in EBITDA margins reflects enhanced operational efficiency and profitability, providing a solid foundation for sustained financial performance.

Negative Factors

Slower Investment Pace

A slower investment pace may hinder EQT's growth momentum and limit its ability to capitalize on market opportunities, impacting future revenue potential.

Challenges in Real Estate

Ongoing challenges in the real estate sector could constrain EQT's diversification efforts and limit growth in this strategic area, affecting long-term profitability.

Valuation Impact from FX

Currency fluctuations pose a risk to EQT's financial performance, potentially affecting fund valuations and investor returns, which could impact future fundraising efforts.

EQT AB Business Overview & Revenue Model

Company Description

EQT AB (publ) is a private equity firm specializing in buyout investments. The firm focuses on Private Capital & Real Asset segments. It seeks to make investments globally. It seeks to take a majority stake. EQT AB (publ) was founded in 2012 and is based in Stockholm, Sweden and additional offices in Sydney, Australia and Tokyo, Japan.

How the Company Makes Money

EQT generates revenue primarily through management fees and performance fees from its investment funds. The management fees are typically calculated as a percentage of the committed capital or assets under management, providing a steady income stream as long as the funds are active. Performance fees, also known as carried interest, are earned when the investments exceed a predetermined benchmark, aligning EQT's interests with those of its investors. Additionally, EQT may engage in co-investment opportunities and partnerships with institutional investors, further enhancing its revenue potential. The company's strong focus on operational excellence and value creation within its portfolio companies also contributes to its overall profitability.

EQT AB Financial Statement Overview

Summary

EQT AB's financial performance is strong, with robust revenue and profit growth. The income statement shows significant improvements in profitability and operational efficiency. The balance sheet indicates financial stability with low leverage and a strong equity base. The cash flow statement confirms solid cash generation capabilities, enhancing the company's financial flexibility.

Income Statement

EQT AB has shown strong revenue growth with a significant increase from previous years, indicating robust business expansion. The gross profit margin is excellent at 68.2% for 2024, reflecting efficient cost management. Net profit margin improved to 29.2%, showcasing enhanced profitability. The EBIT and EBITDA margins are healthy, indicating solid operational performance. Overall, the income statement reflects strong growth and profitability, positioning the company well within its industry.

Balance Sheet

The balance sheet shows a strong equity position with an equity ratio of 70.5% for 2024, suggesting stability and low financial risk. The debt-to-equity ratio has remained manageable at 0.27, indicating prudent leverage management. Return on equity improved to 9.6%, showing efficient use of shareholder funds. Overall, the balance sheet reflects financial strength and stability, although further improvement in ROE could enhance investor appeal.

Cash Flow

EQT AB has demonstrated robust cash flow generation with an increase in free cash flow from previous years. The operating cash flow to net income ratio is 0.60, indicating good conversion of earnings to cash. The free cash flow to net income ratio is impressive at 0.58, reflecting strong cash efficiency. Overall, the cash flow statement highlights excellent cash generation and efficient capital management, providing a solid foundation for future investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.69B	2.65B	2.08B	1.50B	1.60B	708.70M
Gross Profit	1.83B	1.81B	1.38B	995.80M	1.23B	457.10M
EBITDA	1.56B	1.55B	1.09B	745.30M	1.05B	319.50M
Net Income	840.00M	776.00M	129.90M	176.30M	909.40M	379.30M
Balance Sheet
Total Assets	11.07B	11.48B	9.21B	9.60B	3.89B	1.62B
Cash, Cash Equivalents and Short-Term Investments	5.58B	5.33B	1.11B	644.90M	587.90M	878.00M
Total Debt	2.60B	2.22B	2.15B	2.15B	614.00M	89.20M
Total Liabilities	3.76B	3.38B	3.20B	3.20B	948.90M	359.90M
Stockholders Equity	7.31B	8.10B	6.00B	6.40B	2.94B	1.26B
Cash Flow
Free Cash Flow	-60.00M	447.00M	921.20M	518.20M	596.70M	163.40M
Operating Cash Flow	-23.00M	464.00M	944.80M	549.20M	608.20M	171.80M
Investing Cash Flow	-26.00M	-2.00M	-38.80M	-1.55B	-895.20M	20.60M
Financing Cash Flow	-256.00M	-574.00M	-415.20M	1.15B	-20.30M	-215.90M

EQT AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 351.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:EQT, the sentiment is Positive. The current price of 351.6 is above the 20-day moving average (MA) of 343.71, above the 50-day MA of 332.02, and above the 200-day MA of 314.38, indicating a bullish trend. The MACD of 8.90 indicates Negative momentum. The RSI at 56.32 is Neutral, neither overbought nor oversold. The STOCH value of 60.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:EQT.

EQT AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDU.A	81 Outperform	kr185.26B	13.24	8.24%	2.00%	13.97%	-56.08%
INVE.B	77 Outperform	kr1.04T	14.67	8.06%	1.60%	79.31%	-65.65%
INVE.A	75 Outperform	kr1.04T	14.59	8.06%	1.61%	79.31%	-65.65%
INDU.C	74 Outperform	kr185.26B	13.24	8.24%	2.02%	13.97%	-56.08%
EQT	68 Neutral	kr430.87B	43.67	―	1.21%	14.62%	108.05%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
KINV.B	47 Neutral	kr22.88B	182.98	0.33%	―	-97.64%	―

EQT AB Corporate Events

EQT AB Strengthens Global Diversification and Investment Strategy in Q3 2025

EQT AB’s Q3 2025 announcement highlights its strategic focus on global diversification and investment activities, with significant progress in fundraising and scaling evergreen offerings. The company is capitalizing on shifting market dynamics, including new growth initiatives in Europe and demographic trends in Asia, to enhance its position as a leading private markets firm. EQT’s strong exit activity, with realizations significantly above industry averages, underscores its robust portfolio management and strategic positioning in equity capital markets.

The most recent analyst rating on (SE:EQT) stock is a Buy with a SEK410.00 price target. To see the full list of analyst forecasts on EQT AB stock, see the SE:EQT Stock Forecast page.

EQT AB Nominates Jean Eric Salata as Next Chairperson

EQT AB has announced the nomination of Jean Eric Salata as the next Chairperson of its Board, succeeding founder Conni Jonsson in 2026. Salata, who founded Baring Private Equity Asia and led its merger with EQT, will continue to chair EQT Asia. This leadership transition marks a significant step in EQT’s strategy to maintain its position as a leading global investment firm, with Jonsson remaining involved as Honorary Chair. The move is expected to support EQT’s ongoing global growth and value creation for its stakeholders.

The most recent analyst rating on (SE:EQT) stock is a Buy with a SEK372.00 price target. To see the full list of analyst forecasts on EQT AB stock, see the SE:EQT Stock Forecast page.