Granges AB (SE:GRNG)
:GRNG
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Granges AB
(GRNG)
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Rating:68Neutral
Price Target:
kr179.00
▲(9.61% Upside)
Action:ReiteratedDate:04/24/26
The score is driven primarily by mixed fundamentals: steady profitability and manageable leverage are offset by volatile, weak cash-flow conversion and thin TTM free cash flow. Technicals add support with a clear uptrend and positive momentum, while valuation is reasonable (P/E ~12.45) with a modest dividend yield (~1.95%).
Positive Factors
Value-added product mix
Gränges’ focus on specialized aluminum strip for heat exchangers and ability to develop alloys and provide technical support supports higher conversion margins and customer stickiness. Over 2–6 months this underpins more resilient mid-cycle margins versus commodity producers.
Negative Factors
Volatile and weak cash conversion
Operating cash flow at ~16% of net income and thin free cash flow (~0.10B) after a sharp decline (-77.8%) indicate inconsistent cash conversion. Persistent working-capital swings and capex variability constrain internal funding for growth, dividends and debt service.
Read all positive and negative factors
Positive Factors
Negative Factors
Value-added product mix
Gränges’ focus on specialized aluminum strip for heat exchangers and ability to develop alloys and provide technical support supports higher conversion margins and customer stickiness. Over 2–6 months this underpins more resilient mid-cycle margins versus commodity producers.
Read all positive factors
Granges AB (GRNG) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr18.50B
Dividend Yield2.29%
Average Volume (3M)191.87K
Price to Earnings (P/E)12.4
Beta (1Y)1.04
Revenue Growth16.02%
EPS Growth5.41%
CountrySE
Employees3,425
SectorGeneral
Sector StrengthN/A
IndustryAluminum
Share Statistics
EPS (TTM)2.97
Shares Outstanding106,491,380
10 Day Avg. Volume111,250
30 Day Avg. Volume191,873
Financial Highlights & Ratios
PEG Ratio145.50
Price to Book (P/B)1.60
Price to Sales (P/S)0.55
P/FCF Ratio50.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr170.00Price Target Upside4.10% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)11.89
Revenue Forecast (FY)kr32.06B
Granges AB Business Overview & Revenue Model
Company Description
Gränges AB (publ) develops, produces, and distributes rolled aluminum products for thermal management systems, specialty packaging, and niche applications in Europe, Asia, and the Americas. The company offers clad tubes and fins, unclad fins, and ...
How the Company Makes Money
Gränges makes money primarily by manufacturing and selling rolled aluminum products (aluminum strip/sheet) to customers in its target end-markets. Revenue is generated through customer contracts and purchase orders where pricing typically reflects...
Granges AB Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.37B | 28.36B | 23.50B | 22.52B | 24.49B | 18.13B |
| Gross Profit | 4.97B | 2.95B | 8.02B | 7.28B | 6.72B | 5.34B |
| EBITDA | 2.50B | 2.44B | 2.38B | 2.39B | 1.88B | 1.47B |
| Net Income | 1.08B | 1.01B | 1.01B | 1.01B | 700.00M | 595.00M |
Balance Sheet | ||||||
| Total Assets | 22.89B | 20.63B | 21.40B | 16.69B | 17.53B | 15.77B |
| Cash, Cash Equivalents and Short-Term Investments | 586.00M | 547.00M | 850.00M | 461.00M | 879.00M | 809.00M |
| Total Debt | 5.44B | 4.89B | 5.48B | 3.46B | 5.01B | 4.06B |
| Total Liabilities | 12.07B | 10.38B | 10.56B | 7.88B | 9.32B | 8.84B |
| Stockholders Equity | 10.23B | 9.71B | 10.24B | 8.81B | 8.20B | 6.93B |
Cash Flow | ||||||
| Free Cash Flow | 97.00M | 307.00M | -836.00M | 2.06B | 109.00M | 152.00M |
| Operating Cash Flow | 752.00M | 1.08B | 489.00M | 3.29B | 1.10B | 988.00M |
| Investing Cash Flow | -655.00M | -772.00M | -2.08B | -1.45B | -993.00M | -926.00M |
| Financing Cash Flow | -180.00M | -488.00M | 1.91B | -2.25B | -86.00M | -793.00M |
Granges AB Technical Analysis
Positive
163.30
Price Trends
153.79
Positive
148.85
Positive
139.08
Positive
Market Momentum
4.08
Negative
67.35
Neutral
76.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GRNG, the sentiment is Positive. The current price of 163.3 is above the 20-day moving average (MA) of 151.74, above the 50-day MA of 153.79, and above the 200-day MA of 139.08, indicating a bullish trend. The MACD of 4.08 indicates Negative momentum. The RSI at 67.35 is Neutral, neither overbought nor oversold. The STOCH value of 76.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:GRNG.
Granges AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr136.46B | 8.41 | 13.04% | ― | 9.10% | -4.02% | |
68 Neutral | kr18.50B | 12.45 | 9.93% | 2.29% | 16.02% | 5.41% | |
62 Neutral | kr25.88B | 15.59 | 13.67% | 4.87% | -5.45% | -12.48% | |
59 Neutral | kr73.72B | 50.25 | 3.09% | 2.49% | -3.98% | -23.70% | |
58 Neutral | kr82.72B | 39.99 | 7.23% | 3.80% | -5.66% | 5.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | kr81.30B | 12.15 | ― | 3.46% | -0.29% | ― |
* General Sector Average
SE:GRNG
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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.