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

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SE:FMM.B

FM Mattsson Mora Group AB Class B

(FMM.B)

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Neutral 62 (OpenAI - 5.2)
Rating:62Neutral
Price Target:
kr90.00
▼(-1.32% Downside)
Action:Downgraded
Date:05/09/26
The score is primarily supported by strong underlying financial quality—especially the low-leverage balance sheet and solid (though normalized) profitability. This is offset by weak near-term technical momentum (below key moving averages with negative MACD) and a relatively high P/E that limits valuation attractiveness despite a moderate dividend yield.
Positive Factors
Conservative balance sheet
The company’s low leverage and steadily rising equity provide durable financial flexibility. With modest debt the firm can absorb construction-cycle volatility, fund maintenance capex, pay dividends or pursue selective M&A without stressing liquidity, supporting long‑term stability.
Negative Factors
Choppy revenue growth
Flat TTM revenue and uneven multi‑year growth reduce visibility into sustainable organic expansion. Reliance on construction and renovation cycles makes top‑line sensitive to macro activity; without stable revenue momentum the firm may struggle to scale fixed costs and improve long‑term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
The company’s low leverage and steadily rising equity provide durable financial flexibility. With modest debt the firm can absorb construction-cycle volatility, fund maintenance capex, pay dividends or pursue selective M&A without stressing liquidity, supporting long‑term stability.
Read all positive factors

FM Mattsson Mora Group AB Class B (FMM.B) vs. iShares MSCI Sweden ETF (EWD)

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 Ad...
How the Company Makes Money
FM Mattsson Mora Group makes money primarily by selling plumbing and water-control products—most notably faucets/mixing taps, showers, and associated installation components—to professional distribution channels and project customers. Revenue is g...

FM Mattsson Mora Group AB Class B Financial Statement Overview

Summary
Financials are solid overall, led by a conservative balance sheet (low leverage, steadily rising equity, still-strong ROE). Profitability remains healthy but has stepped down from 2021–2022 peaks, and revenue growth has been uneven with flat TTM revenue. Cash generation is strong in absolute terms, but recent free cash flow growth is sharply negative and cash conversion has been volatile.
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
69
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.99B1.97B1.88B1.94B1.93B1.82B
Gross Profit750.20M748.80M696.97M699.83M710.83M703.47M
EBITDA237.60M205.30M245.85M293.28M346.09M395.99M
Net Income135.90M145.00M101.92M147.34M193.44M237.26M
Balance Sheet
Total Assets1.92B1.83B1.83B1.78B1.80B1.73B
Cash, Cash Equivalents and Short-Term Investments238.90M247.00M159.20M135.20M69.65M193.87M
Total Debt87.20M87.95M91.55M102.38M90.90M44.90M
Total Liabilities804.50M760.30M765.30M755.92M798.39M924.50M
Stockholders Equity1.11B1.07B1.06B1.02B999.78M806.89M
Cash Flow
Free Cash Flow218.10M216.20M188.50M216.00M33.03M228.29M
Operating Cash Flow250.30M255.00M238.40M266.14M107.75M275.90M
Investing Cash Flow-39.30M-38.20M-50.24M-49.61M-87.43M-123.67M
Financing Cash Flow-121.70M-121.30M-157.77M-151.75M-144.44M-162.42M

FM Mattsson Mora Group AB Class B Technical Analysis

Technical Analysis Sentiment
Negative
Last Price91.20
Price Trends
50DMA
88.08
Negative
100DMA
79.90
Positive
200DMA
68.06
Positive
Market Momentum
MACD
-1.89
Positive
RSI
40.78
Neutral
STOCH
26.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FMM.B, the sentiment is Negative. The current price of 91.2 is above the 20-day moving average (MA) of 85.52, above the 50-day MA of 88.08, and above the 200-day MA of 68.06, indicating a neutral trend. The MACD of -1.89 indicates Positive momentum. The RSI at 40.78 is Neutral, neither overbought nor oversold. The STOCH value of 26.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:FMM.B.

FM Mattsson Mora Group AB Class B Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
62
Neutral
kr3.44B28.6110.51%3.07%4.15%17.53%
61
Neutral
kr1.01B28.483.75%-12.90%
58
Neutral
kr16.10B34.3711.96%1.55%-1.13%-8.83%
50
Neutral
kr1.47B-10.24-39.97%120.73%7.14%
44
Neutral
kr5.68M-0.11-36.21%-28.11%-75.96%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:FMM.B
FM Mattsson Mora Group AB Class B
81.20
24.47
43.14%
SE:SE0012729937
Ecoclime Group AB Class B
0.12
-0.61
-83.42%
SE:SYSR
Systemair AB
77.40
-14.07
-15.39%
SE:SALT.B
SaltX Technology Holding AB Class B
6.39
2.18
51.60%
SE:CTEK
CTEK AB
14.50
-2.98
-17.05%

FM Mattsson Mora Group AB Class B Corporate Events

FM Mattsson Mora lifts sales, completes cost cuts to bolster margins
May 7, 2026
FM Mattsson Mora Group posted first-quarter 2026 net sales of SEK 544.9 million, up 4 percent year-on-year with strong organic growth of 7.7 percent across both Nordic and international operations. The company is broadening its range with new prod...
FM Mattsson Mora Group Lifts 2025 Profitability and Launches Efficiency Program
Feb 20, 2026
FM Mattsson Mora Group AB reported higher sales and profitability for 2025, with net sales rising 4.7 percent to SEK 1,969.3 million and organic growth of 7.0 percent, driven by solid demand across several countries and customer segments. EBITA in...
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.Date of analysis: May 09, 2026