Fasadgruppen Group AB (FG) AI Stock Analysis

• Market Cap: kr1.22B
• Dividend Yield: N/A
• Average Volume (3M): 81.25K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.17
• Revenue Growth: 8.40%
• EPS Growth: -101.19%
• Country: SE
• Employees: 2,065
• Sector: Services
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): -3.08
• Shares Outstanding: 53,832,110
• 10 Day Avg. Volume: 61,965
• 30 Day Avg. Volume: 81,252
• PEG Ratio: <0.01
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.31
• P/FCF Ratio: 5.33
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 5.41
• Revenue Forecast (FY): kr5.44B

• Rating: 46 Neutral
• Price Target: kr21.50 ▼(-24.43% Downside)
• Action: Reiterated Date: 02/05/26
• Date: Action: Reiterated 02/05/26

The score is primarily held back by the sharp 2025 profitability deterioration and higher leverage, which increase financial risk despite positive cash generation. Technicals add further pressure with a clear downtrend and negative momentum, while valuation metrics are impaired by losses (negative P/E) and lack of a provided dividend yield.

Positive Factors

Long-term revenue growth

Sustained revenue growth from 2020–2025 indicates the company has been expanding its project base and market reach. Durable top-line expansion supports scale benefits for procurement and labor utilization, providing a foundation for margin recovery if execution improves.

Positive operating and free cash flow

Improved operating and free cash flow in 2025 gives the company financial flexibility despite accounting losses. Reliable cash generation supports debt servicing, working-capital needs and reinvestment into operations or bid capacity, reducing short-term liquidity strain.

Specialist building-envelope business model

A focused façade and exterior-systems niche, delivered via multiple operating subsidiaries, creates structural advantages: specialized skills, repeat maintenance work and local execution. This positioning supports framework contracts and recurring refurbishment demand over cycles.

Negative Factors

Sharp profitability deterioration (2025 net loss)

A material swing to a net loss and compressed operating margins raises structural profitability risk. Persistent losses would erode retained earnings, limit reinvestment capacity and constrain ability to absorb project setbacks, making recovery and credit access more difficult.

Rising leverage above equity

Debt rising above equity increases financial rigidity and interest exposure. With leverage up from prior years, the company faces higher refinancing and covenant risk, reducing resilience to project delays or margin pressure and amplifying downside in cyclical slowdowns.

Earnings quality & execution sensitivity

Positive FCF despite accounting losses and note of working-capital swings indicate volatile earnings quality. Profitability is highly sensitive to project execution, labor utilization and procurement, so small operational issues can sharply impact margins and cash conversion.

Fasadgruppen Group AB Business Overview & Revenue Model

Company Description

Fasadgruppen Group AB (FG) is a leading construction and renovation company based in Sweden, specializing in facade solutions for both residential and commercial buildings. The company operates across various sectors, including new construction, renovation, and property maintenance, offering a comprehensive range of services such as facade installation, insulation, and energy-efficient solutions. FG focuses on delivering high-quality craftsmanship and sustainable building practices, positioning itself as a key player in the evolving construction market.

How the Company Makes Money

Fasadgruppen Group AB generates revenue primarily through its facade construction and renovation services. The company makes money by securing contracts for new building projects and refurbishment works, which are often awarded through competitive bidding processes. Key revenue streams include projects for residential and commercial properties, as well as long-term maintenance and renovation contracts. FG also benefits from partnerships with property developers, architects, and construction firms, which can lead to additional project opportunities. Moreover, the company emphasizes sustainability, offering energy-efficient building solutions, which can attract clients seeking to meet environmental regulations and reduce operational costs. These factors, combined with a focus on quality and customer satisfaction, contribute significantly to FG's earnings.

Fasadgruppen Group AB Financial Statement Overview

Summary

Mixed fundamentals: long-run revenue growth and positive/free cash flow in 2025 support the business, but profitability deteriorated sharply with a swing to a meaningful net loss and compressed operating margins. Balance-sheet risk has increased as leverage rose to debt above equity (debt-to-equity ~1.22x), making an earnings recovery important.

Income Statement

Revenue has grown strongly over the long run (2020–2025), but the most recent year shows a sharp deterioration in profitability. In 2025, net income turned meaningfully negative and operating profitability compressed versus 2022–2023 levels, despite revenue growth. The result is a weaker earnings profile with higher sensitivity to execution, pricing, and project cost control.

Balance Sheet

The balance sheet is moderately leveraged for the sector: debt is now above equity (2025 debt-to-equity ~1.22x), up from a sub-1.0x profile in 2020–2023. Equity remains sizable, but returns to shareholders weakened sharply in 2025 due to the loss. Overall, the company has balance-sheet capacity, but rising leverage and declining profitability increase financial risk if earnings don’t recover.

Cash Flow

Cash generation is a relative bright spot: operating cash flow and free cash flow were positive in 2025 and improved versus 2024, with free cash flow up strongly year-over-year. However, cash conversion is not consistently strong relative to operating profit, and the 2025 loss alongside positive free cash flow suggests earnings quality and/or working-capital swings should be monitored. Still, the business is producing cash, which helps offset pressure from weaker reported profits.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.45B	4.93B	5.11B	4.55B	2.68B
Gross Profit	75.70M	2.41B	2.43B	2.12B	1.31B
EBITDA	443.70M	355.60M	517.70M	498.80M	334.80M
Net Income	-116.10M	600.00K	219.20M	271.90M	185.70M
Balance Sheet
Total Assets	6.40B	7.06B	5.21B	5.05B	3.35B
Cash, Cash Equivalents and Short-Term Investments	423.60M	482.30M	467.60M	452.60M	271.60M
Total Debt	2.48B	2.62B	1.71B	1.73B	1.16B
Total Liabilities	4.36B	4.73B	3.03B	2.96B	2.08B
Stockholders Equity	2.03B	2.33B	2.18B	2.09B	1.27B
Cash Flow
Free Cash Flow	312.20M	178.60M	429.70M	255.70M	154.50M
Operating Cash Flow	418.50M	285.40M	529.10M	312.80M	201.70M
Investing Cash Flow	-139.60M	-838.70M	-216.40M	-973.00M	-669.00M
Financing Cash Flow	-308.40M	563.30M	-284.30M	832.00M	325.60M

Fasadgruppen Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 28.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FG, the sentiment is Negative. The current price of 28.45 is above the 20-day moving average (MA) of 23.11, above the 50-day MA of 26.62, and below the 200-day MA of 29.43, indicating a bearish trend. The MACD of -1.14 indicates Negative momentum. The RSI at 39.41 is Neutral, neither overbought nor oversold. The STOCH value of 17.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:FG.

Fasadgruppen Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BYGGP	72 Outperform	kr1.94B	15.38	―	1.24%	4.25%	127.31%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
VESTUM	51 Neutral	kr3.69B	-27.51	-0.85%	―	-27.41%	49.11%
NORB.B	50 Neutral	kr775.57M	26.92	1.98%	―	4.24%	29.69%
ELTEL	48 Neutral	kr1.46B	239.90	0.72%	―	-6.38%	―
FG	46 Neutral	kr1.22B	-10.36	―	―	8.40%	-101.19%
WBGR.B	44 Neutral	kr256.13M	-0.36	-56.98%	―	-0.02%	-50.72%

Fasadgruppen Group AB Corporate Events

Fasadgruppen Launches Fully Secured SEK 504 Million Rights Issue to Fund Growth

Fasadgruppen has announced a fully secured rights issue of approximately SEK 504 million, consisting of 33,573,670 new shares at a subscription price of SEK 15, with preferential rights for existing shareholders and subject to approval at an extraordinary general meeting in March 2026. The capital raise, underpinned by strong support from major shareholders, board members, senior executives and key employees who provide subscription and guarantee commitments without compensation, is intended to strengthen the balance sheet and fund accelerated organic growth and selective acquisitions in its core markets; this follows a marked improvement in financial performance in late 2025, including record operating cash flow and rising organic growth, reinforcing management’s view that recent efficiency measures have made the company more resilient and better positioned to capture demand driven by renovation needs and new energy regulations.

The most recent analyst rating on (SE:FG) stock is a Hold with a SEK27.00 price target. To see the full list of analyst forecasts on Fasadgruppen Group AB stock, see the SE:FG Stock Forecast page.

Fasadgruppen Strengthens Balance Sheet and Margins as Growth Momentum Returns in 2025

Fasadgruppen reported full-year 2025 net sales of SEK 5.45 billion, up 10.6% despite negative organic growth for the year, with EBITA rising and adjusted EBITA margin strengthening to 8.2%, while the company posted a net loss of SEK 116.1 million due mainly to non-recurring items such as the divestment of Alnova Balkongsystem AB. The group highlighted improving underlying performance with two consecutive quarters of positive organic growth, solid operating cash flow, a growing order backlog and an improved debt ratio, and it plans a fully underwritten rights issue of about SEK 500 million to reinforce its balance sheet, reduce financing costs and support a strategic shift from consolidation to renewed organic and acquisition-driven growth in a gradually recovering renovation market.

The most recent analyst rating on (SE:FG) stock is a Hold with a SEK27.00 price target. To see the full list of analyst forecasts on Fasadgruppen Group AB stock, see the SE:FG Stock Forecast page.

Fasadgruppen Calls Extraordinary General Meeting with Multiple Voting Options for Shareholders

Fasadgruppen Group AB has called an extraordinary general meeting to be held on 6 March 2026 in Stockholm, offering shareholders the option to participate either in person, via proxy or through postal voting in line with its articles of association. The notice sets out the key dates and procedural requirements for shareholders to exercise their voting rights, including record date, registration deadlines and documentation for proxies and postal votes, underscoring the company’s efforts to facilitate broad shareholder participation and orderly corporate governance.

The most recent analyst rating on (SE:FG) stock is a Hold with a SEK27.00 price target. To see the full list of analyst forecasts on Fasadgruppen Group AB stock, see the SE:FG Stock Forecast page.

Fasadgruppen Sets Date for 2025 Year-End Report and Investor Presentation

Fasadgruppen Group AB, a Nasdaq Stockholm-listed specialist in exterior property services such as façades, windows, balconies and roofs, operates through a network of entrepreneurial subsidiaries that focus on enhancing energy efficiency and living standards in buildings. The company has announced that it will publish its year-end report for 2025 on 3 February 2026 at 07:30 CET, followed by an English-language webcast and teleconference presentation with a Q&A session at 08:15 CET, with a recording to be made available online, underscoring its focus on transparency and regular engagement with investors and other stakeholders.

The most recent analyst rating on (SE:FG) stock is a Hold with a SEK27.00 price target. To see the full list of analyst forecasts on Fasadgruppen Group AB stock, see the SE:FG Stock Forecast page.

Fasadgruppen Subsidiary Clear Line Wins £32.5m in UK Safety-Regulated Project Approvals

Fasadgruppen’s largest subsidiary, UK-based Clear Line, has received four long-awaited approvals from the country’s Building Safety Regulator for previously signed projects with a combined order value of GBP 32.5 million, most of which will be executed in the 2026 financial year. The company says the decisions ease regulatory bottlenecks that had delayed higher-risk construction and refurbishment projects since the post-Grenfell tightening of rules, improving visibility in its project pipeline, bolstering confidence in its order backlog and supporting clearer planning for future activity into 2026.

The most recent analyst rating on (SE:FG) stock is a Hold with a SEK26.00 price target. To see the full list of analyst forecasts on Fasadgruppen Group AB stock, see the SE:FG Stock Forecast page.

Fasadgruppen Reports Strong Q3 2025 Growth and Strategic Divestment

Fasadgruppen Group AB reported a 14.9% increase in net sales for Q3 2025, with a notable improvement in EBITA and adjusted EBITA margins. The company has taken strategic steps, including the divestment of Alnova Balkongsystem AB, to enhance profitability and shareholder value. Despite financial challenges related to debt levels, Fasadgruppen maintained strong cash flow and order backlog, reflecting its operational discipline and focus on efficiency. The company is optimistic about future growth, particularly in Sweden, while addressing challenges in other markets like Norway and the UK.

The most recent analyst rating on (SE:FG) stock is a Hold with a SEK34.00 price target. To see the full list of analyst forecasts on Fasadgruppen Group AB stock, see the SE:FG Stock Forecast page.