GARO AB (SE:GARO)
:GARO
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GARO AB
(GARO)
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Rating:47Neutral
Price Target:
kr11.50
▼(-34.95% Downside)
Action:ReiteratedDate:02/21/26
The score is held back primarily by deteriorating profitability (two consecutive loss-making years and declining revenue) and bearish technical positioning (price below key moving averages with negative MACD). Balance-sheet resilience and improved 2025 cash generation provide partial support but are not yet strong enough to outweigh the earnings and trend weakness.
Positive Factors
Balance-sheet resilience
The company maintains moderate leverage with equity sizable versus assets, offering a financial buffer during cyclical weakness. That balance-sheet strength supports access to financing, ability to fund operations and investments, and reduces insolvency risk over a 2–6 month horizon.
Negative Factors
Revenue decline and consecutive losses
Two straight loss-making years and falling top-line indicate structural pressure on pricing, mix, or demand. Persistent negative EBIT erodes retained earnings and constrains reinvestment, making recovery dependent on meaningful operational improvements or market rebound.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet resilience
The company maintains moderate leverage with equity sizable versus assets, offering a financial buffer during cyclical weakness. That balance-sheet strength supports access to financing, ability to fund operations and investments, and reduces insolvency risk over a 2–6 month horizon.
Read all positive factors
GARO AB (GARO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr587.00M
Dividend YieldN/A
Average Volume (3M)18.34K
Price to Earnings (P/E)―
Beta (1Y)0.27
Revenue Growth-9.41%
EPS Growth71.59%
CountrySE
Employees406
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.09
Shares Outstanding50,000,000
10 Day Avg. Volume19,747
30 Day Avg. Volume18,345
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)1.62
Price to Sales (P/S)0.82
P/FCF Ratio16.00
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)0.97
Revenue Forecast (FY)kr1.13B
GARO AB Business Overview & Revenue Model
Company Description
Garo Aktiebolag (publ), together with its subsidiaries, develops, manufactures, and markets electrical installation products and systems in Sweden, Norway, Finland, Poland, Ireland, and the United Kingdom. Its installation products include plugs a...
How the Company Makes Money
GARO makes money mainly by selling (1) electrical installation and distribution products and (2) EV charging products and solutions to business customers. Revenue is generated through product sales via B2B channels such as electrical wholesalers/d...
GARO AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.04B | 1.15B | 1.37B | 1.39B | 1.30B |
| Gross Profit | -10.10M | 481.50M | 60.60M | 668.50M | 650.20M |
| EBITDA | 43.70M | 500.00K | 99.60M | 180.80M | 236.70M |
| Net Income | -17.50M | -60.10M | 31.30M | 120.50M | 166.70M |
Balance Sheet | |||||
| Total Assets | 1.00B | 1.11B | 1.20B | 1.15B | 936.90M |
| Cash, Cash Equivalents and Short-Term Investments | 17.00M | 16.50M | 50.00M | 29.50M | 81.60M |
| Total Debt | 256.80M | 298.10M | 272.10M | 173.20M | 72.20M |
| Total Liabilities | 475.60M | 556.60M | 589.10M | 539.40M | 385.40M |
| Stockholders Equity | 529.40M | 555.50M | 609.50M | 614.10M | 551.50M |
Cash Flow | |||||
| Free Cash Flow | 53.50M | -55.40M | -82.60M | -30.90M | 76.40M |
| Operating Cash Flow | 57.90M | -35.80M | 25.60M | 89.20M | 121.70M |
| Investing Cash Flow | -11.60M | -17.10M | -51.00M | -119.10M | -44.30M |
| Financing Cash Flow | -44.90M | 18.10M | 45.00M | -22.40M | -65.40M |
GARO AB Technical Analysis
Negative
17.68
Price Trends
12.83
Negative
14.48
Negative
16.73
Negative
Market Momentum
-0.27
Negative
51.55
Neutral
87.39
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GARO, the sentiment is Negative. The current price of 17.68 is above the 20-day moving average (MA) of 11.26, above the 50-day MA of 12.83, and above the 200-day MA of 16.73, indicating a neutral trend. The MACD of -0.27 indicates Negative momentum. The RSI at 51.55 is Neutral, neither overbought nor oversold. The STOCH value of 87.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:GARO.
GARO AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | kr1.41B | -6.93 | -7.30% | ― | 0.41% | -32.22% | |
50 Neutral | kr646.79M | 28.32 | 2.34% | ― | 4.41% | 194.81% | |
49 Neutral | kr1.07B | -3.09 | 18.63% | 5.62% | 359.58% | -323.15% | |
48 Neutral | kr1.43B | 58.96 | 0.72% | ― | -4.67% | ― | |
48 Neutral | kr385.19M | -7.33 | ― | ― | -24.76% | 95.06% | |
47 Neutral | kr587.00M | -48.91 | -2.59% | ― | -9.41% | 71.59% |
* Industrials Sector Average
SE:GARO
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GARO AB Corporate Events
GARO Tightens Operations as Global Uncertainty Weighs on 2025
Apr 16, 2026
GARO AB has released its annual report for the 2025 financial year, which ran from January 1 to December 31, 2025. Interim President and CEO Joe Ree described the period as marked by global uncertainty that depressed demand and created challenging...
GARO Unveils New App and Web Platform for EV Charging Network
Apr 7, 2026
GARO AB has launched GARO Entity User, a new app designed to give electric vehicle drivers a more intuitive and reliable charging experience, alongside a new web tool aimed at system owners managing larger charging installations. The digital platf...
GARO AB Calls 2026 AGM, Sets Agenda on Governance, Capital Moves and CEO Incentives
Apr 2, 2026
GARO AB has convened its Annual General Meeting for May 13, 2026, at its premises in Hillerstorp, Sweden, outlining shareholder participation requirements, including record date, registration procedures, and rules for proxy representation and nomi...
GARO AB Tightens Control as 2025 Profitability Slips and E-Mobility Struggles
Feb 19, 2026
GARO AB reported weaker 2025 results, with full-year net sales down 9% to SEK 1,043.5 million and EBIT at SEK -8.1 million, though operating EBIT improved versus the prior year and cash flow from operating activities strengthened. The fourth quart...
GARO to Present Full-Year 2025 Report and Host Investor Call
Feb 12, 2026
GARO AB will publish its full-year 2025 report on February 19 at 08:30 CET, a key disclosure for investors tracking the company’s performance in electrical distribution and e-mobility solutions. The company will follow the release with a con...
GARO refreshes nomination committee leadership ahead of 2026 AGM
Feb 4, 2026
Following Rickard Blomqvist’s departure from GARO AB’s nomination committee, Volador AB has appointed Lars Kongstad to join representatives from Lars Svensson’s estate, Svolder AB, and the board chair, with Niklas Bogefors now le...
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.