GARO AB (SE:GARO)
:GARO
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GARO AB
(GARO)
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Rating:49Neutral
Price Target:
kr14.00
▼(-20.81% Downside)
Action:Reiterated
Date:05/15/26
The score is held down primarily by weakened financial performance (downtrending revenue and current losses), with only partial support from improved recent cash flow and a manageable leverage profile. Technically, the stock shows improving short-term momentum, but overbought signals and a still-weak longer-term trend limit upside. Valuation remains unattractive due to loss-making earnings (negative P/E) and no provided dividend yield.
Positive Factors
Structural EV demand
GARO's product mix includes EV charging hardware and system solutions sold to installers and wholesalers. The secular shift to electrification and rising EV charging infrastructure demand provide a multi‑year addressable market that supports durable revenue opportunities beyond cyclical construction volumes.
Negative Factors
Revenue decline
A multi-year revenue downtrend reduces operating leverage and makes fixed costs harder to absorb. Persistently lower top-line levels can force margin compression or require restructuring, limiting the company's ability to scale investments in EV infrastructure and product development over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural EV demand
GARO's product mix includes EV charging hardware and system solutions sold to installers and wholesalers. The secular shift to electrification and rising EV charging infrastructure demand provide a multi‑year addressable market that supports durable revenue opportunities beyond cyclical construction volumes.
Read all positive factors
GARO AB (GARO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr597.00M
Dividend YieldN/A
Average Volume (3M)18.34K
Price to Earnings (P/E)―
Beta (1Y)0.27
Revenue Growth-8.83%
EPS Growth33.46%
CountrySE
Employees406
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.69
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)0.7
Revenue Forecast (FY)kr1.10B
GARO AB Business Overview & Revenue Model
Company Description
Garo Aktiebolag (publ) and its subsidiaries are engaged in the development, manufacturing, and distribution of electrical installation solutions and systems. Their market presence extends across Sweden, Norway, Finland, Poland, Ireland, and the Un...
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
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.02B | 1.04B | 1.15B | 1.37B | 1.39B | 1.30B |
| Gross Profit | 212.00M | 478.90M | 481.50M | 60.60M | 668.50M | 650.20M |
| EBITDA | 33.40M | 43.70M | 500.00K | 99.60M | 180.80M | 236.70M |
| Net Income | -34.40M | -17.50M | -60.10M | 31.30M | 120.50M | 166.70M |
Balance Sheet | ||||||
| Total Assets | 1.02B | 1.00B | 1.11B | 1.20B | 1.15B | 936.90M |
| Cash, Cash Equivalents and Short-Term Investments | 16.90M | 17.00M | 16.50M | 50.00M | 29.50M | 81.60M |
| Total Debt | 272.10M | 256.80M | 298.10M | 272.10M | 173.20M | 72.20M |
| Total Liabilities | 503.10M | 475.60M | 556.60M | 589.10M | 539.40M | 385.40M |
| Stockholders Equity | 514.30M | 529.40M | 555.50M | 609.50M | 614.10M | 551.50M |
Cash Flow | ||||||
| Free Cash Flow | 44.40M | 53.50M | -55.40M | -82.60M | -30.90M | 76.40M |
| Operating Cash Flow | 50.10M | 57.90M | -35.80M | 25.60M | 89.20M | 121.70M |
| Investing Cash Flow | -15.70M | -11.60M | -17.10M | -51.00M | -119.10M | -44.30M |
| Financing Cash Flow | -33.40M | -44.90M | 18.10M | 45.00M | -22.40M | -65.40M |
GARO AB Technical Analysis
Negative
17.68
Price Trends
12.31
Negative
12.94
Negative
15.08
Negative
Market Momentum
-0.13
Positive
40.73
Neutral
11.31
Positive
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 12.99, above the 50-day MA of 12.31, and above the 200-day MA of 15.08, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 40.73 is Neutral, neither overbought nor oversold. The STOCH value of 11.31 is Positive, 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% | |
57 Neutral | kr2.16B | 58.68 | 0.72% | ― | -2.32% | ― | |
54 Neutral | kr1.34B | -24.95 | -7.30% | ― | 0.41% | -32.22% | |
49 Neutral | kr597.00M | -17.35 | -2.59% | ― | -8.83% | 33.46% | |
49 Neutral | kr988.09M | -3.65 | 18.63% | 5.62% | -7.73% | -198.18% | |
46 Neutral | kr298.87M | -14.79 | ― | ― | -2.81% | 96.40% | |
45 Neutral | kr669.68M | 18.71 | 2.34% | ― | 1.56% | 70.48% |
* Industrials Sector Average
SE:GARO
GARO AB
11.94
-7.42
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GARO AB Corporate Events
GARO AGM Backs New Board Line-up, Withholds Dividend and Arms Board for Acquisitions
May 13, 2026
GARO’s 2026 Annual General Meeting re-elected key board members, added two new directors and confirmed Axel Barnekow Widmark as chair, while keeping board and committee fees unchanged and reappointing Ernst Young as auditor. The meeting als...
GARO posts Q1 loss and launches strategic reshuffle amid new rail contract win
May 13, 2026
GARO AB, a Sweden-based provider of electrical installation products and systems, focuses on electrical distribution, e-mobility, project business and temporary power solutions across several international markets. The company emphasizes electrica...
GARO Restructures Swedish Operations to Cut Costs and Sharpen Customer Focus
May 13, 2026
GARO AB announced a restructuring of its Swedish organization aimed at boosting efficiency, sharpening its focus on core operations and strengthening customer relationships. The company will streamline responsibilities, open new sales channels inc...
GARO launches new digital tools to streamline EV charger installations
May 11, 2026
GARO AB has introduced new digital installation tools for its GARO Entity charging station, including the GARO Entity Installer app and a complementary web tool designed to streamline the entire workflow from planning to commissioning. Developed i...
GARO consolidates production to Sweden in efficiency drive
May 11, 2026
GARO AB will consolidate its production by moving manufacturing from Poland to its Swedish sites in Gnosjö and Hillerstorp as part of a long-term strategy to increase efficiency and competitiveness. The shift reflects reduced cost advantages ...
GARO Wins Five-Year SEK 50 Million Framework Deal with Swedish Transport Administration
May 7, 2026
GARO has signed a five-year framework agreement with the Swedish Transport Administration to supply low-voltage connection equipment for Sweden’s railway infrastructure, with an estimated contract value of about SEK 50 million over the perio...
GARO to Present First-Quarter 2026 Results on May 13
May 6, 2026
GARO AB announced that it will publish its interim report for the first quarter of 2026 at 14:00 CET on May 13. The timing of this release is significant for investors and stakeholders tracking the company’s performance in key areas such as ...
GARO Consolidates Swedish Operations to Boost Efficiency and Profitability
May 4, 2026
GARO AB, a Swedish producer of branded electrical installation solutions spanning installation, e-mobility, projects and temporary electricity, operates internationally from its Gnosjö headquarters and is listed on Nasdaq Stockholm. The compa...
GARO revises board proposal as heir to major shareholder joins slate
Apr 30, 2026
GARO AB’s Nomination Committee has revised its Board proposal for the 2026 Annual General Meeting after Rickard Blomqvist withdrew his candidacy for personal reasons. The updated slate calls for the re-election of Axel Barnekow Widmark, Kris...
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...
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.