Fagerhult AB (SE:FAG)
:FAG
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Fagerhult AB
(FAG)
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Rating:56Neutral
Price Target:
kr29.00
▼(-28.40% Downside)
Action:ReiteratedDate:02/18/26
The score is held back primarily by deteriorating cash generation (2025 free cash flow falling to zero) and compressed profitability, despite strong 2025 revenue growth and manageable leverage. Technicals also weigh on the rating with clear bearish momentum. Valuation is only moderately supportive due to a solid dividend yield but a relatively high P/E versus the recent fundamentals.
Positive Factors
Diversified business model
Fagerhult's mix of product sales, bundled project solutions and aftermarket demand across direct and indirect channels supports stable, multi-year revenue streams. This reduces reliance on single project wins, leverages brand/specification strength, and benefits from secular demand for energy-efficient, connected lighting.
Negative Factors
Deteriorating cash generation
A collapse of free cash flow to zero materially weakens internal funding capacity for capex, working capital and dividends. Continued weak FCF raises reliance on external financing, reduces strategic optionality, and magnifies risk if revenue or margins weaken again during project cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Fagerhult's mix of product sales, bundled project solutions and aftermarket demand across direct and indirect channels supports stable, multi-year revenue streams. This reduces reliance on single project wins, leverages brand/specification strength, and benefits from secular demand for energy-efficient, connected lighting.
Read all positive factors
Fagerhult AB (FAG) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr5.14B
Dividend Yield3.46%
Average Volume (3M)57.01K
Price to Earnings (P/E)16.2
Beta (1Y)0.72
Revenue Growth-6.23%
EPS Growth-37.00%
CountrySE
Employees3,886
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.64
Shares Outstanding177,192,840
10 Day Avg. Volume32,735
30 Day Avg. Volume57,012
Financial Highlights & Ratios
PEG Ratio-2.21
Price to Book (P/B)1.03
Price to Sales (P/S)0.93
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr43.00Price Target Upside6.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.66
Revenue Forecast (FY)kr8.18B
Fagerhult AB Business Overview & Revenue Model
Company Description
AB Fagerhult (publ.), together with its subsidiaries, provides professional lighting solutions worldwide. It offers indoor and outdoor lighting products that are used in offices, education, healthcare, retail, hospitality and residential, culture,...
How the Company Makes Money
Fagerhult AB makes money primarily by selling professional lighting products and solutions (luminaires and lighting systems) to business and institutional customers. Revenue is generated through project-based sales (e.g., lighting for offices, edu...
Fagerhult AB Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
66
Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.89B | 8.31B | 8.56B | 8.27B | 7.09B |
| Gross Profit | 3.12B | 3.25B | 3.35B | 3.12B | 2.62B |
| EBITDA | 531.30M | 1.17B | 1.36B | 1.26B | 1.11B |
| Net Income | 317.40M | 354.30M | 543.50M | 576.30M | 465.50M |
Balance Sheet | |||||
| Total Assets | 13.65B | 13.71B | 13.01B | 13.33B | 12.65B |
| Cash, Cash Equivalents and Short-Term Investments | 1.31B | 1.88B | 1.27B | 1.29B | 1.74B |
| Total Debt | 4.14B | 3.97B | 3.53B | 4.09B | 4.17B |
| Total Liabilities | 6.56B | 6.25B | 5.82B | 6.45B | 6.43B |
| Stockholders Equity | 7.09B | 7.46B | 7.18B | 6.88B | 6.22B |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 750.90M | 963.80M | 216.80M | 646.00M |
| Operating Cash Flow | 740.10M | 963.90M | 1.21B | 402.70M | 802.50M |
| Investing Cash Flow | -1.18B | -259.70M | -225.90M | -192.50M | -266.80M |
| Financing Cash Flow | -31.80M | -142.70M | -991.00M | -743.30M | -470.10M |
Fagerhult AB Technical Analysis
Neutral
40.50
Price Trends
30.68
Negative
35.41
Negative
38.30
Negative
Market Momentum
-0.50
Negative
54.84
Neutral
80.81
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FAG, the sentiment is Neutral. The current price of 40.5 is above the 20-day moving average (MA) of 27.78, above the 50-day MA of 30.68, and above the 200-day MA of 38.30, indicating a neutral trend. The MACD of -0.50 indicates Negative momentum. The RSI at 54.84 is Neutral, neither overbought nor oversold. The STOCH value of 80.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:FAG.
Fagerhult AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | kr9.41B | 18.51 | 9.42% | 3.37% | 3.41% | -1.70% | |
65 Neutral | kr19.15B | 26.72 | 15.15% | 0.83% | 2.60% | 3.05% | |
64 Neutral | kr5.69B | 21.43 | 10.13% | 3.29% | -0.69% | -14.04% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | kr5.14B | 16.18 | 3.57% | 3.46% | -6.23% | -37.00% | |
47 Neutral | kr560.00M | -48.91 | -2.59% | ― | -9.58% | 76.19% |
* Industrials Sector Average
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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.