FM Mattsson Mora Group AB Class B (FMM.B) AI Stock Analysis

• Market Cap: kr2.72B
• Dividend Yield: 3.07%
• Average Volume (3M): 4.66K
• Price to Earnings (P/E): 25.5
• Beta (1Y): 0.24
• Revenue Growth: 2.08%
• EPS Growth: -7.27%
• Country: SE
• Employees: 565
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 0.82
• Shares Outstanding: 36,241,432
• 10 Day Avg. Volume: 7,194
• 30 Day Avg. Volume: 4,661
• PEG Ratio: -0.69
• Price to Book (P/B): 2.05
• Price to Sales (P/S): 1.16
• P/FCF Ratio: 11.54
• 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: kr75.00
• Price Target Upside: 7.14% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: kr82.00 ▲(17.14% Upside)

FM Mattsson Mora Group AB Class B demonstrates strong financial performance, particularly with a robust balance sheet and healthy cash flows. Technical analysis shows bullish momentum, though caution is advised due to overbought signals. Valuation metrics suggest the stock may be overvalued, which tempers the overall score.

Positive Factors

Balance Sheet Strength

A debt-free balance sheet with a strong equity ratio and reasonable ROE materially lowers financial risk and increases strategic optionality. This durability supports funding of capex, R&D, dividends or M&A from equity and cash, enhancing resilience through economic cycles.

Cash Generation

Consistent conversion of profits into operating and free cash flow provides sustainable internal funding for maintenance capex, product development and shareholder returns. Strong cash conversion underpins long-term balance sheet health and reduces reliance on external financing.

Brand and Distribution

Established product brands plus deep retail and construction partnerships create durable demand channels and channel stickiness. This supports pricing power and repeat sales in residential and commercial segments, aiding steady revenue and competitive positioning over time.

Negative Factors

Declining Net Profit Margin

A declining net margin erodes the company's ability to convert revenue into shareholder returns and cash. Over months this can limit reinvestment and dividend capacity, and suggests pressure from costs or pricing that needs structural remedies to restore sustainable profitability.

Sluggish Revenue Growth

Low single-digit top-line growth indicates limited organic expansion and potential market maturity. Sustained slow growth reduces operating leverage benefits, making it harder to improve margins and ROIC without new products, geographic expansion, or inorganic growth to materially lift revenue.

Earnings Per Share Decline

Negative EPS growth signals weakening per-share profitability, which can reflect margin compression, higher costs, or operational inefficiencies. If persistent, falling EPS undermines investor returns and may constrain reinvestment or payout policies, pressuring long-term shareholder value.

FM Mattsson Mora Group AB Class B Business Overview & Revenue Model

Company Description

FM Mattsson Mora Group AB (publ) engages in the development, manufacture, and sale of water taps and related products for bathrooms and kitchens. The company offers its products under the FM Mattsson, Mora Armatur, Damixa, Hotbath, Aqualla, and Adamsez brands. It serves private housing, manufacturing, and public sectors, as well as real estate companies. It has operations in Sweden, Norway, Denmark, Finland, Benelux, the United Kingdom, Germany, and Italy. The company was formerly known as Ostnor AB and changed its name to FM Mattsson Mora Group AB (publ) in 2015. FM Mattsson Mora Group AB (publ) was founded in 1865 and is based in Mora, Sweden.

How the Company Makes Money

FM Mattsson Mora Group generates revenue primarily through the sales of its plumbing products, which include a wide range of faucets, showers, and other sanitary fittings. The company's revenue model is built on direct sales to retailers, distributors, and wholesalers across various markets, both in Sweden and internationally. Key revenue streams include the residential sector, where the company provides products for home renovations and new constructions, as well as the commercial sector, supplying solutions for businesses and public facilities. Additionally, the company benefits from strategic partnerships with construction firms and retail chains, which enhance its market reach and distribution capabilities. Factors contributing to its earnings include a strong brand reputation for quality, a focus on sustainability in product development, and ongoing investments in innovation and design to meet evolving customer preferences.

FM Mattsson Mora Group AB Class B Financial Statement Overview

Summary

FM Mattsson Mora Group AB Class B presents a strong financial position with consistent revenue growth and efficient operations. The balance sheet is particularly strong, with no debt and high equity. Cash flows are healthy, though there is a slight decline in free cash flow growth. The company is well-positioned for stability and growth, with attention needed on improving net profit margins.

Income Statement

FM Mattsson Mora Group AB Class B demonstrates stable revenue growth with a slight increase over the years. Gross profit margin remained healthy at approximately 36%. However, net profit margin has seen some decline, with the most recent year at around 7.6%. EBIT and EBITDA margins are also strong, reflecting efficient operations. Overall, the company shows consistent performance with room for improvement in net profitability.

Balance Sheet

The balance sheet is robust with a strong equity position. The company has zero debt in the latest period, leading to an excellent debt-to-equity ratio. ROE stands at 13.9%, indicating effective use of equity. The equity ratio is solid at 58.1%, showcasing financial stability. Overall, the company maintains a strong and stable balance sheet with low financial risk.

Cash Flow

The company shows a positive trend in free cash flow, although growth has been fluctuating. The operating cash flow to net income ratio is strong, suggesting that profits are effectively converted into cash. The free cash flow to net income ratio is also favorable, indicating efficient capital management. However, there's been a decrease in free cash flow recently, which needs monitoring.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.92B	1.88B	1.94B	1.93B	1.82B	1.54B
Gross Profit	706.60M	696.97M	699.83M	710.83M	703.47M	552.70M
EBITDA	196.30M	245.85M	293.28M	346.09M	395.99M	214.95M
Net Income	108.90M	101.92M	147.34M	193.44M	237.26M	86.60M
Balance Sheet
Total Assets	1.85B	1.83B	1.78B	1.80B	1.73B	1.37B
Cash, Cash Equivalents and Short-Term Investments	169.70M	159.20M	135.20M	69.65M	193.87M	203.47M
Total Debt	94.60M	91.55M	102.38M	90.90M	44.90M	49.13M
Total Liabilities	834.30M	765.30M	755.92M	798.39M	924.50M	787.84M
Stockholders Equity	1.01B	1.06B	1.02B	999.78M	806.89M	581.89M
Cash Flow
Free Cash Flow	165.00M	188.50M	216.00M	33.03M	228.29M	149.98M
Operating Cash Flow	201.81M	238.40M	266.14M	107.75M	275.90M	193.68M
Investing Cash Flow	-36.64M	-50.24M	-49.61M	-87.43M	-123.67M	-44.79M
Financing Cash Flow	-130.67M	-157.77M	-151.75M	-144.44M	-162.42M	-76.39M

FM Mattsson Mora Group AB Class B Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 70.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FMM.B, the sentiment is Neutral. The current price of 70 is below the 20-day moving average (MA) of 72.22, above the 50-day MA of 65.65, and above the 200-day MA of 58.21, indicating a neutral trend. The MACD of 0.20 indicates Positive momentum. The RSI at 39.18 is Neutral, neither overbought nor oversold. The STOCH value of 8.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:FMM.B.

FM Mattsson Mora Group AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FMM.B	73 Outperform	kr2.72B	25.49	10.51%	3.07%	2.08%	-7.27%
SYSR	66 Neutral	kr18.01B	25.80	11.96%	1.55%	2.11%	13.90%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CTEK	48 Neutral	kr869.11M	-25.50	-4.53%	―	3.06%	-795.86%
SE0012729937	44 Neutral	kr13.14M	-0.25	-36.21%	―	-39.74%	-863.56%
SALT.B	44 Neutral	kr993.16M	-14.00	-40.77%	―	11.85%	6.39%

FM Mattsson Mora Group AB Class B Corporate Events

FM Mattsson Reports Strong Q3 2025 Growth Amid Economic Challenges

FM Mattsson Mora Group AB reported a 4.2% increase in net sales for the third quarter of 2025, with organic growth at 6.6%. The company’s EBITA margin improved to 10.0%, driven by international sales and successful product launches in the UK and other markets. Despite economic challenges, the company has strengthened its gross margin through sales mix improvements and purchasing strategies. FM Mattsson continues to focus on sustainable water use solutions, positioning itself as a leader in this area, especially in light of increasing water shortages.

The most recent analyst rating on ($SE:FMM.B) stock is a Buy with a SEK63.00 price target. To see the full list of analyst forecasts on FM Mattsson Mora Group AB Class B stock, see the SE:FMM.B Stock Forecast page.