Hanza AB (HANZA) AI Stock Analysis

• Market Cap: kr6.15B
• Dividend Yield: 0.65%
• Average Volume (3M): 174.59K
• Price to Earnings (P/E): 30.1
• Beta (1Y): 0.75
• Revenue Growth: 18.96%
• EPS Growth: 48.93%
• Country: SE
• Employees: 3,173
• Sector: Industrials
• Sector Strength: 72
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.17
• Shares Outstanding: 45,959,340
• 10 Day Avg. Volume: 196,738
• 30 Day Avg. Volume: 174,586
• PEG Ratio: -0.57
• Price to Book (P/B): 2.26
• Price to Sales (P/S): 0.69
• P/FCF Ratio: 11.08
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: kr147.00 ▲(16.11% Upside)

Hanza AB's overall stock score reflects strong financial performance with robust revenue growth and efficient cost management. Technical analysis indicates a positive trend with bullish momentum. However, the valuation is relatively high, suggesting the stock may be expensive. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Diversified manufacturing services

Hanza's integrated service offering across product development, manufacturing, assembly and logistics creates durable customer stickiness and cross‑sell opportunities. Serving telecom, medtech and automotive provides exposure to structurally growing, high‑value end markets and reduces single‑sector cyclicality.

High gross margin and revenue momentum

A sustained gross margin near 43% indicates structural cost advantages or value‑add in processes, enabling reinvestment in R&D and customer solutions. Coupled with ongoing revenue growth, this supports scalable profitability and resilience through business cycles over the medium term.

Solid operating cash generation

Strong operating cash flow and a 0.72 FCF-to-net‑income ratio show effective cash conversion from operations. That durability supports capex, working capital needs and strategic investments without overreliance on external financing, preserving long‑run financial flexibility.

Negative Factors

Low net profit margin

Despite high gross margins, a net margin around 3% signals elevated operating expenses, interest or non‑operating costs that erode returns. Persistently low net margins limit retained earnings, constrain reinvestment capacity and make earnings vulnerable to cost inflation or pricing pressure.

Declining free cash flow growth

A drop in free cash flow suggests rising capex, working capital strain or operational headwinds. If sustained, it reduces the company's ability to self‑fund growth, pay down debt or pursue acquisitions, increasing reliance on external financing and lowering resilience to downturns.

Elevated leverage and limited equity buffer

A debt/equity above 1.0 and equity ratio under 40% imply moderate leverage that can pressure interest costs and covenant flexibility. In cyclical stress or for large strategic investments, the balance sheet may require equity strengthening, which could dilute shareholders or constrain M&A firepower.

Hanza AB Business Overview & Revenue Model

Company Description

Hanza AB (publ) provides manufacturing solutions. The company also offers cutting, bending, stamping, welding, and powder coating services for sheet and heavy mechanics; machining services, such as milling, turning, grinding, EMD, and surface treatment; and PCB assembly services. In addition, it provides cable harnesses solutions, including cutting, crimping, and marking, as well as assembly of harnesses based on customer requirements; and system integration and box build assembly services, which include final assembly of systems, testing, delivery to customer stock, and drop shipments to end customers. Further, the company offers gas turbines and offshore applications, as well as provides business advisory services; and 3D CAD modeling, mechanical design, electronic design, and prototyping services. It operates in Sweden, Finland, Estonia, Germany, Poland, the Czech Republic, China, and internationally. The company was formerly known as Hanza Holding AB (publ) and changed its name to Hanza AB (publ) in May 2022. Hanza AB (publ) was incorporated in 2008 and is headquartered in Kista, Sweden.

How the Company Makes Money

Hanza AB generates revenue through a diverse range of service offerings that cater to various stages of the manufacturing process. The company's primary revenue streams include contract manufacturing services, which entail producing components and assemblies for clients across different industries. Additionally, Hanza earns income from its product development services, where it collaborates with clients to design and prototype new products. The company also benefits from strategic partnerships with key players in its target sectors, which can lead to long-term contracts and steady revenue. Factors contributing to its earnings include operational efficiency, the ability to scale production based on client needs, and a focus on high-value sectors that demand complex manufacturing capabilities.

Hanza AB Financial Statement Overview

Summary

Hanza AB demonstrates robust revenue growth and efficient cost management, contributing to a strong gross profit margin. While profitability metrics like net profit margin and return on equity are moderate, they indicate stable performance. The balance sheet shows a balanced leverage position, though there is room for improvement in equity financing. Cash flow management appears adequate, but declining free cash flow growth could pose a challenge.

Income Statement

Hanza AB shows a solid revenue growth rate of 5.69% in the TTM, indicating positive momentum. The gross profit margin is strong at 42.94%, reflecting efficient cost management. However, the net profit margin is relatively low at 3.12%, suggesting room for improvement in profitability. The EBIT and EBITDA margins are moderate, indicating stable operational performance.

Balance Sheet

The debt-to-equity ratio of 1.08 in the TTM suggests a balanced leverage position, though slightly higher than the previous year. Return on equity is reasonable at 10.39%, indicating effective use of equity. The equity ratio stands at 36.54%, showing a stable financial structure but with potential for increased equity financing.

Cash Flow

Operating cash flow is strong, but the free cash flow has decreased by 4.58% in the TTM, indicating potential cash management challenges. The operating cash flow to net income ratio is 0.40, suggesting adequate cash generation relative to net income. The free cash flow to net income ratio is healthy at 0.72, reflecting good cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.52B	4.85B	4.14B	3.55B	2.52B	2.15B
Gross Profit	1.88B	2.05B	1.84B	1.53B	1.15B	955.00M
EBITDA	600.00M	423.00M	450.00M	297.00M	231.50M	129.10M
Net Income	201.00M	111.00M	214.00M	121.00M	80.00M	-1.40M
Balance Sheet
Total Assets	4.85B	3.64B	2.93B	2.54B	1.95B	1.41B
Cash, Cash Equivalents and Short-Term Investments	230.00M	276.00M	340.00M	137.00M	45.80M	121.20M
Total Debt	1.72B	1.01B	689.00M	696.00M	648.60M	461.30M
Total Liabilities	3.08B	2.16B	1.58B	1.64B	1.37B	939.30M
Stockholders Equity	1.77B	1.48B	1.34B	898.00M	585.50M	474.90M
Cash Flow
Free Cash Flow	438.00M	302.00M	28.00M	-35.00M	-15.00M	121.90M
Operating Cash Flow	581.00M	569.00M	277.00M	145.00M	126.10M	181.80M
Investing Cash Flow	-325.00M	-632.00M	-295.00M	-184.00M	-185.70M	-60.00M
Financing Cash Flow	-226.00M	-12.00M	217.00M	120.00M	-21.50M	-63.20M

Hanza AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 126.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HANZA, the sentiment is Positive. The current price of 126.6 is above the 20-day moving average (MA) of 124.72, above the 50-day MA of 122.87, and above the 200-day MA of 103.20, indicating a bullish trend. The MACD of 2.67 indicates Negative momentum. The RSI at 64.21 is Neutral, neither overbought nor oversold. The STOCH value of 90.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:HANZA.

Hanza AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HANZA	69 Neutral	kr6.15B	30.14	―	0.65%	18.96%	48.93%
NOTE	66 Neutral	kr4.90B	18.23	17.21%	3.91%	-2.98%	2.44%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
NCAB	61 Neutral	kr8.71B	47.61	―	―	0.26%	-30.60%

Hanza AB Corporate Events

HANZA Seals BMK Acquisition with Share Deal, Expanding European Electronics Footprint

HANZA AB has completed the acquisition of German electronics manufacturer BMK Group GmbH through a share exchange valued at around SEK 1.8 billion, issuing approximately 17 million new shares that give BMK’s three founders about 27% ownership in the enlarged group and dilute existing shareholders by roughly the same proportion. The deal adds roughly SEK 3.3 billion in annual revenue, 1,500 employees and top-tier electronics manufacturing capabilities in Germany, the Czech Republic and Israel, marking the completion of HANZA’s 2025 strategy to build five European manufacturing clusters, bolstering capacity for its defence-oriented LYNX programme and setting the stage for a new 2028 strategic phase with updated operational and financial targets, while maintaining leverage below the group’s net debt/EBITDA ceiling.

The most recent analyst rating on (SE:HANZA) stock is a Hold with a SEK137.00 price target. To see the full list of analyst forecasts on Hanza AB stock, see the SE:HANZA Stock Forecast page.

HANZA Registers Information Document for Share Issue in BMK Group Acquisition

HANZA has published an information document related to a non-cash share issue to the sellers of BMK Group GmbH, executed by the board under a mandate from an extraordinary general meeting as part of the BMK acquisition. The document, prepared under the EU Prospectus Regulation and registered with the Swedish Financial Supervisory Authority, is available on the company’s website and marks a formal step in settling the transaction in shares, underscoring HANZA’s ongoing expansion strategy and its use of equity-based consideration in major acquisitions.

The most recent analyst rating on (SE:HANZA) stock is a Hold with a SEK137.00 price target. To see the full list of analyst forecasts on Hanza AB stock, see the SE:HANZA Stock Forecast page.

HANZA Chairman Increases Shareholding, Signaling Confidence

Francesco Franzé, Chairman of the Board at HANZA, has increased his stake in the company by purchasing 5,000 additional shares, bringing his total to 3,505,000 shares, equivalent to 7.63% ownership. This move could indicate confidence in the company’s strategic direction and potential growth, potentially impacting investor perceptions and market positioning.

The most recent analyst rating on (SE:HANZA) stock is a Hold with a SEK137.00 price target. To see the full list of analyst forecasts on Hanza AB stock, see the SE:HANZA Stock Forecast page.

HANZA Expands Capacity with Finnish Property Acquisition

HANZA AB is expanding its manufacturing capacity by acquiring a new production property in Oulainen, Finland, to meet increasing customer demand. The acquisition aligns with HANZA’s strategy to build local manufacturing clusters, enhancing stability, reducing costs, and minimizing environmental impact. This move reflects HANZA’s anticipation of continued growth and commitment to efficient operations.

The most recent analyst rating on (SE:HANZA) stock is a Hold with a SEK137.00 price target. To see the full list of analyst forecasts on Hanza AB stock, see the SE:HANZA Stock Forecast page.

Färna Invest AB Increases Stake in HANZA

Färna Invest AB, the principal owner of HANZA, has increased its stake in the company by purchasing 500,000 shares, bringing its total ownership to 10,494,627 shares, which represents 22.83% of HANZA. This move by the principal owner could strengthen its influence over HANZA’s strategic decisions, potentially impacting the company’s operations and market positioning.

The most recent analyst rating on (SE:HANZA) stock is a Hold with a SEK141.00 price target. To see the full list of analyst forecasts on Hanza AB stock, see the SE:HANZA Stock Forecast page.

HANZA AB Completes Strategy 2025 with Major Acquisition

HANZA AB has concluded its ‘HANZA 2025’ strategy with the acquisition of BMK, a major German electronics company, positioning itself as Europe’s largest listed contract manufacturer. This acquisition, along with the earlier purchase of the Milectria Group, enhances HANZA’s presence in the defense industry and supports its growth strategy. The company’s net sales and profitability have seen significant increases, with pro forma sales expected to reach SEK 6.7 billion in 2025, surpassing initial targets. The integration of BMK is expected to create substantial value for shareholders, and HANZA plans to continue its growth trajectory with the upcoming ‘HANZA 2028’ initiative.

The most recent analyst rating on (SE:HANZA) stock is a Hold with a SEK141.00 price target. To see the full list of analyst forecasts on Hanza AB stock, see the SE:HANZA Stock Forecast page.

HANZA AB to Acquire BMK Group, Becoming Europe’s Largest Listed Contract Manufacturer

HANZA AB has announced its plan to acquire the German contract manufacturer BMK Group GmbH, which will position it as Europe’s largest listed contract manufacturer. The acquisition is contingent upon shareholder approval for a directed share issue, and key stakeholders have committed to supporting the transaction, indicating a strategic move to enhance HANZA’s market position and operational capabilities.

The most recent analyst rating on (SE:HANZA) stock is a Hold with a SEK141.00 price target. To see the full list of analyst forecasts on Hanza AB stock, see the SE:HANZA Stock Forecast page.

HANZA AB Announces Q3 2025 Interim Report Release and Presentation

HANZA AB is set to release its interim report for the third quarter of 2025 on October 28, with a presentation scheduled for the same day. The presentation, led by CEO Erik Stenfors and CFO Lars Åkerblom, will be conducted in English and is accessible via webcast and teleconference, allowing stakeholders to engage and ask questions. This report and presentation provide insights into the company’s financial performance and strategic direction, potentially impacting investor perceptions and market positioning.

The most recent analyst rating on (SE:HANZA) stock is a Hold with a SEK141.00 price target. To see the full list of analyst forecasts on Hanza AB stock, see the SE:HANZA Stock Forecast page.