Ferronordic AB (SE:FNM)
:FNM
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Ferronordic AB
(FNM)
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Rating:57Neutral
Price Target:
kr47.00
▲(4.33% Upside)
Action:ReiteratedDate:02/18/26
The score is held back primarily by weak profitability and elevated leverage, partially offset by strong recent cash flow improvement. Technicals are supportive with a clear uptrend and positive momentum, but negative earnings and the lack of dividend data weigh on the valuation component.
Positive Factors
Improved cash generation
A sustained swing to strong operating and free cash flow in 2024–2025 indicates materially improved cash conversion and working-capital management. Durable cash generation supports reinvestment in service networks, funds cyclical downturns, and reduces reliance on external financing if maintained.
Negative Factors
Sustained net losses
Recurring net losses over multiple years erode equity and constrain capital for reinvestment or network expansion. Persistent negative earnings reduce internal funding for capex and M&A, heighten refinancing risk, and mean recovery must come from structural margin improvement or sustained revenue growth to restore profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
A sustained swing to strong operating and free cash flow in 2024–2025 indicates materially improved cash conversion and working-capital management. Durable cash generation supports reinvestment in service networks, funds cyclical downturns, and reduces reliance on external financing if maintained.
Read all positive factors
Ferronordic AB (FNM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr658.32M
Dividend YieldN/A
Average Volume (3M)33.01K
Price to Earnings (P/E)―
Beta (1Y)0.26
Revenue Growth7.93%
EPS Growth-9.04%
CountrySE
Employees794
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)1.03
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)4.95
Revenue Forecast (FY)kr4.82B
Ferronordic AB Business Overview & Revenue Model
Company Description
Ferronordic AB (publ), together with its subsidiaries, sells, rents, and services construction equipment, trucks, and other machines in Russia, Kazakhstan, and Germany. The company also sells, repairs, and maintains machines, trucks, engines, spar...
How the Company Makes Money
Ferronordic makes money primarily through (1) equipment sales: earning revenue by selling new machines and equipment from partner OEMs to end customers (typically construction, infrastructure, mining, and industrial operators), with gross profit c...
Ferronordic AB Financial Statement Overview
Summary
Income Statement
43
Neutral
Balance Sheet
52
Neutral
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.57B | 4.72B | 2.86B | 1.97B | 6.21B |
| Gross Profit | 792.00M | 853.00M | 377.00M | 250.00M | 1.11B |
| EBITDA | 471.00M | 470.00M | 4.00M | 351.00M | -53.00M |
| Net Income | -199.00M | -89.00M | -107.00M | 197.00M | 339.00M |
Balance Sheet | |||||
| Total Assets | 3.99B | 4.94B | 4.71B | 3.22B | 3.97B |
| Cash, Cash Equivalents and Short-Term Investments | 153.00M | 363.00M | 426.00M | 1.69B | 768.00M |
| Total Debt | 1.82B | 2.34B | 1.78B | 731.00M | 966.00M |
| Total Liabilities | 2.69B | 3.44B | 3.08B | 1.34B | 2.87B |
| Stockholders Equity | 1.31B | 1.50B | 1.62B | 1.87B | 1.10B |
Cash Flow | |||||
| Free Cash Flow | 642.00M | 275.00M | -176.00M | -137.00M | 209.00M |
| Operating Cash Flow | 717.00M | 340.00M | -27.00M | 215.00M | 457.00M |
| Investing Cash Flow | -32.00M | 33.00M | -1.22B | 521.00M | -370.00M |
| Financing Cash Flow | -851.00M | -462.00M | -21.00M | 168.00M | 64.00M |
Ferronordic AB Technical Analysis
Neutral
45.05
Price Trends
47.68
Negative
46.22
Negative
46.15
Negative
Market Momentum
-0.80
Negative
51.63
Neutral
80.44
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FNM, the sentiment is Neutral. The current price of 45.05 is above the 20-day moving average (MA) of 44.10, below the 50-day MA of 47.68, and below the 200-day MA of 46.15, indicating a neutral trend. The MACD of -0.80 indicates Negative momentum. The RSI at 51.63 is Neutral, neither overbought nor oversold. The STOCH value of 80.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | kr85.51B | 42.82 | 29.90% | 0.98% | 9.24% | 15.27% | |
69 Neutral | kr18.33B | 34.09 | 25.27% | 1.22% | 3.19% | 4.60% | |
69 Neutral | kr2.54B | 31.02 | ― | ― | 11.32% | -43.95% | |
68 Neutral | kr20.52B | 31.81 | 15.97% | 1.03% | -1.37% | 14.78% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | kr6.62B | 24.60 | 7.10% | 1.64% | ― | ― | |
57 Neutral | kr658.32M | -3.17 | ― | ― | 7.93% | -9.04% |
* Industrials Sector Average
SE:FNM
Ferronordic AB
45.30
-0.50
-1.09%
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Ferronordic AB Corporate Events
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...
Ferronordic Lifts Profitability on Strong U.S. Growth Despite Full-Year Loss
Feb 12, 2026
Ferronordic reported weaker top-line development for 2025 but significantly improved profitability, with Q4 revenue down 10% to SEK 1.21bn while operating profit jumped to SEK 31m and margins strengthened. For the full year, revenue fell 6% to SEK...
Ferronordic Expands U.S. Footprint with Acquisition of Iowa Volvo CE Dealer
Feb 3, 2026
Ferronordic has completed the acquisition, via its subsidiary Rudd Equipment Company, of the business of Housby Heavy Equipment, the Volvo Construction Equipment dealer in most of Iowa, in an asset deal valued at USD 17.7 million, largely consisti...
Ferronordic Sets February Date for 2025 Year-End Report and Investor Presentation
Jan 29, 2026
Ferronordic has scheduled the release of its year-end report for 2025 for 12 February 2026 at 07:30 CET, followed by an investor presentation at 10:00 CET that can be accessed via teleconference or webcast and will include a QA session with CEO He...
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.