Ferronordic AB (SE:FNM)
:FNM
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Ferronordic AB
(FNM)
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Rating:53Neutral
Price Target:
kr69.00
▲(53.16% Upside)
Action:Reiterated
Date:06/03/26
The score is held back primarily by weak financial performance (recent net losses and elevated leverage), with valuation also constrained by a negative P/E. Technicals are the main offset, as the stock is in a strong uptrend, though overbought momentum signals reduce confidence in near-term sustainability.
Positive Factors
Aftermarket recurring revenue
Ferronordic's business model blends machine sales with higher-frequency aftermarket services (parts, maintenance). That installed-base leverage produces recurring, less cyclical cash flows, supporting revenue durability, customer stickiness and margin stability over multiple quarters.
Negative Factors
Elevated leverage
Debt above equity reduces financial flexibility for a cyclical distributor and raises refinancing and covenant risk during downturns. Higher leverage constrains investment in inventory and service capacity, amplifying business-cycle sensitivity and limiting strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Aftermarket recurring revenue
Ferronordic's business model blends machine sales with higher-frequency aftermarket services (parts, maintenance). That installed-base leverage produces recurring, less cyclical cash flows, supporting revenue durability, customer stickiness and margin stability over multiple quarters.
Read all positive factors
Ferronordic AB (FNM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr889.38M
Dividend YieldN/A
Average Volume (3M)33.01K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth-5.62%
EPS Growth94.52%
CountrySE
Employees794
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)-1.17
Shares Outstanding14,532,434
10 Day Avg. Volume86,621
30 Day Avg. Volume33,014
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.48
Price to Sales (P/S)0.14
P/FCF Ratio0.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.25
Revenue Forecast (FY)kr4.72B
Ferronordic AB Business Overview & Revenue Model
Company Description
Ferronordic AB (publ) operates in the heavy machinery sector, providing sales, rental, and maintenance services for construction equipment, trucks, and other specialized machines. The company's operations are concentrated in Russia, Kazakhstan, an...
How the Company Makes Money
Ferronordic makes money primarily by selling equipment and by providing higher-frequency aftermarket services tied to the installed base of machines it supports. Key revenue streams typically include: (1) Sales of new equipment: revenue generated ...
Ferronordic AB Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
42
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.49B | 4.57B | 4.72B | 2.86B | 1.97B | 6.21B |
| Gross Profit | 793.00M | 792.00M | 853.00M | 377.00M | 250.00M | 1.11B |
| EBITDA | 476.00M | 471.00M | 470.00M | 4.00M | 351.00M | -53.00M |
| Net Income | -17.00M | -199.00M | -89.00M | -107.00M | 197.00M | 339.00M |
Balance Sheet | ||||||
| Total Assets | 4.52B | 3.99B | 4.94B | 4.71B | 3.22B | 3.97B |
| Cash, Cash Equivalents and Short-Term Investments | 117.00M | 153.00M | 363.00M | 426.00M | 1.69B | 768.00M |
| Total Debt | 2.08B | 1.82B | 2.34B | 1.78B | 731.00M | 966.00M |
| Total Liabilities | 3.17B | 2.69B | 3.44B | 3.08B | 1.34B | 2.87B |
| Stockholders Equity | 1.35B | 1.31B | 1.50B | 1.62B | 1.87B | 1.10B |
Cash Flow | ||||||
| Free Cash Flow | 297.00M | 642.00M | 275.00M | -176.00M | -137.00M | 209.00M |
| Operating Cash Flow | 373.01M | 717.00M | 340.00M | -27.00M | 215.00M | 457.00M |
| Investing Cash Flow | -23.15M | -32.00M | 33.00M | -1.22B | 521.00M | -370.00M |
| Financing Cash Flow | -441.20M | -851.00M | -462.00M | -21.00M | 168.00M | 64.00M |
Ferronordic AB Technical Analysis
Positive
45.05
Price Trends
50.13
Positive
48.94
Positive
47.03
Positive
Market Momentum
4.46
Positive
56.51
Neutral
37.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FNM, the sentiment is Positive. The current price of 45.05 is below the 20-day moving average (MA) of 60.64, below the 50-day MA of 50.13, and below the 200-day MA of 47.03, indicating a bullish trend. The MACD of 4.46 indicates Positive momentum. The RSI at 56.51 is Neutral, neither overbought nor oversold. The STOCH value of 37.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:FNM.
Ferronordic AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr22.27B | 35.55 | 25.27% | 1.22% | 2.56% | 3.95% | |
70 Outperform | kr23.60B | 36.24 | 15.97% | 1.03% | 0.50% | 10.05% | |
70 Outperform | kr2.73B | 28.16 | ― | ― | 17.38% | -12.98% | |
69 Neutral | kr88.81B | 41.37 | 29.90% | 0.98% | 4.16% | 13.45% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | kr6.77B | 23.42 | 7.10% | 1.64% | 2.99% | 7.04% | |
53 Neutral | kr889.38M | -52.32 | ― | ― | -5.62% | 94.52% |
* Industrials Sector Average
SE:FNM
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Ferronordic AB Corporate Events
Ferronordic AGM Confirms Board, Auditor and Withholds Dividend for 2025
May 13, 2026
Ferronordic’s 2026 annual general meeting in Stockholm approved the company’s and Group’s income statements and balance sheets, re-elected six board members, and confirmed Lars Corneliusson as chairman. Deloitte AB was appointed ...
Ferronordic lifts Q1 earnings on cost cuts and US AI-driven demand
May 13, 2026
Ferronordic reported a 6% decline in first-quarter revenue to SEK 1,128m, though sales grew 6% on a fixed currency basis, while gross profit edged higher and operating profit more than doubled to SEK 37m on tighter cost control. Net profit swung t...
Ferronordic Sets May 13 Date for Q1 2026 Report and Investor Presentation
Apr 29, 2026
Ferronordic will publish its interim report for the first quarter of 2026 on May 13 at 07:30 CET, followed by an investor presentation the same day at 10:00 CET led by CEO Henrik Carlborg and CFO Erik Danemar. The English-language event, accessibl...
Ferronordic Calls AGM, Proposes No Dividend and Governance Tweaks
Apr 15, 2026
Ferronordic AB has called its annual general meeting for May 13, 2026, in Stockholm, setting out participation rules for shareholders, including registration deadlines and proxy procedures, and confirming that AGM decisions will be disclosed on th...
Ferronordic Releases 2025 Annual and Sustainability Report and Sets 2026 Reporting Schedule
Apr 2, 2026
Ferronordic has published its annual and sustainability report for 2025, making the document available to investors and other stakeholders via the company’s website. The release underlines the group’s continued emphasis on transparency...
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.