Hanza AB (SE:HANZA)
:HANZA
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Hanza AB
(HANZA)
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Rating:58Neutral
Price Target:
kr148.00
▲(16.90% Upside)
Action:ReiteratedDate:04/16/26
The score is mainly driven by solid growth and positive operating cash generation, offset by increased 2025 leverage and margin/earnings-quality concerns. Technicals are mixed with near-term weakness (below 20/50DMA), and valuation provides limited support due to a 23.56 P/E and low dividend yield.
Positive Factors
Integrated contract-manufacturing business model
Hanza's end-to-end contract manufacturing model—covering development, industrialization and full production—creates sticky, multi-year customer relationships and higher value-added work. This structural positioning supports recurring revenue, deeper customer integration, and opportunities to capture higher-margin assembly and engineering services over time.
Negative Factors
Sharp increase in leverage (2025)
The large 2025 step-up in debt materially increases refinancing risk and interest-rate sensitivity, reducing financial flexibility. Elevated leverage can constrain capital allocation, raise funding costs, and magnify earnings volatility if margins or cash flows weaken over the next 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated contract-manufacturing business model
Hanza's end-to-end contract manufacturing model—covering development, industrialization and full production—creates sticky, multi-year customer relationships and higher value-added work. This structural positioning supports recurring revenue, deeper customer integration, and opportunities to capture higher-margin assembly and engineering services over time.
Read all positive factors
Hanza AB (HANZA) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr8.86B
Dividend Yield0.65%
Average Volume (3M)174.59K
Price to Earnings (P/E)23.6
Beta (1Y)0.67
Revenue Growth24.20%
EPS Growth111.64%
CountrySE
Employees3,173
SectorIndustrials
Sector Strength72
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)2.21
Shares Outstanding62,959,340
10 Day Avg. Volume196,738
30 Day Avg. Volume174,586
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)3.20
Price to Sales (P/S)0.96
P/FCF Ratio18.40
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)8.21
Revenue Forecast (FY)kr10.28B
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 trea...
How the Company Makes Money
Hanza primarily makes money by selling manufacturing services to business customers under contract/outsourcing arrangements. Its core revenue stream is production revenue from delivering manufactured goods and assemblies, which can span multiple m...
Hanza AB Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
54
Neutral
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.03B | 4.85B | 4.14B | 3.55B | 2.52B |
| Gross Profit | 345.00M | 2.05B | 1.84B | 1.53B | 1.15B |
| EBITDA | 622.00M | 423.00M | 450.00M | 297.00M | 231.50M |
| Net Income | 246.00M | 111.00M | 214.00M | 121.00M | 80.00M |
Balance Sheet | |||||
| Total Assets | 5.31B | 3.64B | 2.93B | 2.54B | 1.95B |
| Cash, Cash Equivalents and Short-Term Investments | 490.00M | 276.00M | 340.00M | 137.00M | 45.80M |
| Total Debt | 2.58B | 1.01B | 689.00M | 696.00M | 648.60M |
| Total Liabilities | 3.49B | 2.16B | 1.58B | 1.64B | 1.37B |
| Stockholders Equity | 1.81B | 1.48B | 1.34B | 898.00M | 585.50M |
Cash Flow | |||||
| Free Cash Flow | 315.00M | 302.00M | 28.00M | -35.00M | -15.00M |
| Operating Cash Flow | 517.00M | 569.00M | 277.00M | 145.00M | 126.10M |
| Investing Cash Flow | -567.00M | -632.00M | -295.00M | -184.00M | -185.70M |
| Financing Cash Flow | 272.00M | -12.00M | 217.00M | 120.00M | -21.50M |
Hanza AB Technical Analysis
Neutral
126.60
Price Trends
150.13
Negative
137.86
Positive
125.41
Positive
Market Momentum
-0.94
Positive
42.35
Neutral
16.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HANZA, the sentiment is Neutral. The current price of 126.6 is below the 20-day moving average (MA) of 150.69, below the 50-day MA of 150.13, and above the 200-day MA of 125.41, indicating a neutral trend. The MACD of -0.94 indicates Positive momentum. The RSI at 42.35 is Neutral, neither overbought nor oversold. The STOCH value of 16.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:HANZA.
Hanza AB Peers Comparison
UnderperformOutperform
Sector (63)
SE:HANZA
Hanza AB
140.80
70.00
98.87%
SE:NOTE
NOTE AB
192.80
35.10
22.26%
SE:NCAB
NCAB Group AB
74.20
33.40
81.86%
Hanza AB Corporate Events
HANZA convenes AGM with proposed dividend, incentive plan and broader capital mandates
Apr 13, 2026
HANZA AB has called its shareholders to an annual general meeting in Kista on 12 May 2026, where investors will vote on standard corporate matters including board elections, auditor appointment and authorizations related to capital measures and sh...
HANZA Nomination Committee Proposes New Board Lineup for Next Growth Phase
Mar 26, 2026
HANZA’s nomination committee is proposing a refreshed board lineup ahead of the 12 May 2026 AGM, suggesting the re-election of Francesco Franzé, Helene Richmond and Lars-Ola Lundqvist, while adding Wilo SE CTO Georg Weber and EQT Partne...
Hanza AB Publishes 2025 Annual Report and Sets 2026 AGM and Reporting Dates
Mar 25, 2026
Hanza AB has released its 2025 annual report, outlining its governance structure, sustainability initiatives, financial statements, and a five-year performance overview. The report also includes commentary from the CEO and CFO, case studies on cus...
HANZA completes SEK 25 million share buyback program
Mar 13, 2026
HANZA AB has completed a share buyback program announced on March 11, repurchasing a total of 161,275 of its own shares on March 12 for approximately SEK 25 million at an average price of SEK 155.30. The transactions, executed on Nasdaq Stockholm ...
HANZA launches SEK 28 million share buyback to cover LTIP obligations
Mar 11, 2026
HANZA AB’s board has launched a share repurchase program, authorized by the 2025 annual general meeting, to buy back up to 161,275 shares for a maximum of SEK 28 million on Nasdaq Stockholm. The buybacks are intended solely to secure share d...
HANZA lifts 2028 growth targets and overhauls segment reporting
Mar 10, 2026
HANZA AB has completed its HANZA 2025 strategy by building five manufacturing clusters in Europe and three Gateway factories outside Europe, creating a broad industrial platform serving customer segments including electrification, defense, heavy e...
HANZA to Unveil New HANZA 2028 Strategy and Financial Targets at Capital Markets Day
Mar 2, 2026
HANZA AB is convening investors, analysts, and media for a Capital Markets Day on March 10 in Kista and via webcast, where it will present its new strategic phase, HANZA 2028, alongside updated financial targets. The event marks the completion of ...
HANZA boosts defense-focused capacity with new Årjäng factory
Feb 24, 2026
HANZA has inaugurated a new production facility in Årjäng, Sweden, expanding its regional manufacturing cluster and adding capacity aimed particularly at customers in the defense and security sector. Sweden’s Minister of Defense, P...
HANZA Delivers Record 2025 Results and Launches New HANZA 2028 Strategy
Feb 24, 2026
HANZA AB reported a record 2025, with full-year net sales rising 24% to SEK 6.0 billion and adjusted operating profit climbing to SEK 459 million, lifting the adjusted operating margin to 7.6%. The group achieved 10% organic growth in the fourth q...
HANZA to Present HANZA 2028 Strategy at March Capital Markets Day
Feb 4, 2026
HANZA will host a Capital Markets Day on March 10 at its Kista headquarters, spotlighting the completed HANZA 2025 cluster-building phase and unveiling the HANZA 2028 strategy, which includes new financial targets and insights from BMK Group to il...
HANZA Boosts Share Capital After Completing BMK Group Acquisition
Jan 30, 2026
HANZA AB has increased its registered share capital to SEK 6,295,933.80 and its total number of shares to 62,959,338 following the issuance of 16,999,998 new shares as part of the consideration for its recently completed acquisition of BMK Group G...
HANZA to Release 2025 Year-End Report and Host Investor Presentation on 24 February
Jan 29, 2026
HANZA will publish its 2025 year-end report on 24 February at 7:30 a.m. CET and will hold an English-language presentation later that morning, led by CEO Erik Stenfors and CFO Lars Åkerblom, for investors, analysts and media via webcast and t...
HANZA Named 3M’s Global Supplier of the Year, Strengthening Strategic Partnership
Jan 23, 2026
HANZA has been named Supplier of the Year by U.S.-based industrial giant 3M, emerging as the top performer among more than 6,000 suppliers worldwide. The recognition, presented at 3M’s headquarters in Minneapolis, highlights HANZA’s co...
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.