Hanza AB (SE:HANZA)
:HANZA
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Hanza AB
(HANZA)
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Rating:67Neutral
Price Target:
kr161.00
▲(27.17% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by strong financial performance (solid growth and recent cash flow strength), tempered by margin volatility and historical variability in leverage/cash conversion. Technicals support an uptrend but show overbought conditions, and valuation is reasonable with a low dividend yield.
Positive Factors
Revenue Growth / Demand
Sustained double-digit top-line growth and 21.9% TTM expansion indicate durable end-market demand and successful program wins. This supports scale advantages, improves fixed-cost absorption across plants, and underpins multi-quarter revenue visibility from long production contracts.
Negative Factors
Margin Volatility
Historic swings in gross and net margins, including a material drop in 2025, signal exposure to input costs, product mix shifts, or one-offs. Persistent margin variability undermines earnings predictability and makes long-term operating margins harder to rely on for planning and returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth / Demand
Sustained double-digit top-line growth and 21.9% TTM expansion indicate durable end-market demand and successful program wins. This supports scale advantages, improves fixed-cost absorption across plants, and underpins multi-quarter revenue visibility from long production contracts.
Read all positive factors
Hanza AB (HANZA) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr9.32B
Dividend Yield0.65%
Average Volume (3M)174.59K
Price to Earnings (P/E)27.3
Beta (1Y)0.67
Revenue Growth49.17%
EPS Growth146.14%
CountrySE
Employees3,173
SectorIndustrials
Sector Strength72
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)6.56
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)8.54
Revenue Forecast (FY)kr10.53B
Hanza AB Business Overview & Revenue Model
Company Description
Hanza AB (publ) offers a comprehensive suite of manufacturing solutions for various industries. Their diverse service portfolio includes essential processes for both sheet and heavy mechanics, such as precision cutting, bending, stamping, welding,...
How the Company Makes Money
Hanza makes money primarily by delivering outsourced manufacturing services to B2B customers and charging for the production work it performs across its integrated manufacturing offering. Its core revenue stream is contract manufacturing: customer...
Hanza AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
69
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.34B | 6.03B | 4.85B | 4.14B | 3.55B | 2.52B |
| Gross Profit | 1.09B | 386.00M | 2.05B | 1.84B | 1.53B | 1.15B |
| EBITDA | 862.00M | 663.00M | 423.00M | 450.00M | 297.00M | 231.50M |
| Net Income | 334.00M | 246.00M | 111.00M | 214.00M | 121.00M | 80.00M |
Balance Sheet | ||||||
| Total Assets | 9.16B | 5.31B | 3.64B | 2.93B | 2.54B | 1.95B |
| Cash, Cash Equivalents and Short-Term Investments | 831.00M | 490.00M | 276.00M | 340.00M | 137.00M | 45.80M |
| Total Debt | 2.81B | 2.10B | 1.01B | 689.00M | 696.00M | 648.60M |
| Total Liabilities | 5.01B | 3.49B | 2.16B | 1.58B | 1.64B | 1.37B |
| Stockholders Equity | 4.14B | 1.81B | 1.48B | 1.34B | 898.00M | 585.50M |
Cash Flow | ||||||
| Free Cash Flow | 665.00M | 315.00M | 302.00M | 28.00M | -35.00M | -15.00M |
| Operating Cash Flow | 873.00M | 517.00M | 569.00M | 277.00M | 145.00M | 126.10M |
| Investing Cash Flow | -290.00M | -567.00M | -632.00M | -295.00M | -184.00M | -185.70M |
| Financing Cash Flow | -44.00M | 272.00M | -12.00M | 217.00M | 120.00M | -21.50M |
Hanza AB Technical Analysis
Negative
126.60
Price Trends
160.55
Negative
153.47
Negative
136.48
Positive
Market Momentum
-4.02
Positive
35.52
Neutral
11.97
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HANZA, the sentiment is Negative. The current price of 126.6 is below the 20-day moving average (MA) of 168.02, below the 50-day MA of 160.55, and below the 200-day MA of 136.48, indicating a neutral trend. The MACD of -4.02 indicates Positive momentum. The RSI at 35.52 is Neutral, neither overbought nor oversold. The STOCH value of 11.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:HANZA.
Hanza AB Peers Comparison
UnderperformOutperform
Sector (63)
SE:HANZA
Hanza AB
148.00
69.10
87.57%
SE:NOTE
NOTE AB
163.60
-7.40
-4.33%
SE:NCAB
NCAB Group AB
80.10
38.32
91.72%
Hanza AB Corporate Events
HANZA CEO and Chairman Boost Stakes in Supply-Chain Specialist
Jun 16, 2026
HANZA’s CEO Erik Stenfors and Chairman of the Board Francesco Franzé have both increased their personal stakes in the company, buying 5,000 shares each in recent days for a combined investment of just over SEK 1.5 million. Following the...
HANZA Calls Extraordinary Meeting to Revive Long‑Term Share Incentive Plan
May 28, 2026
HANZA AB has called an extraordinary general meeting for 22 June 2026 in Kista, Sweden, after its board withdrew a previous incentive proposal at the May annual meeting due to insufficient represented voting power. The new meeting will ask shareho...
HANZA AGM Approves Dividend, Board Mandates and Governance Changes
May 12, 2026
HANZA AB’s Annual General Meeting approved the 2025 financial statements and set a dividend of SEK 1.50 per share, corresponding to SEK 94 million before a shareholder contribution adjustment linked to the BMK acquisition that reduces the ne...
HANZA Delivers Record Quarter and Sets Ambitious 2028 Growth Targets
May 5, 2026
HANZA AB reported a record first quarter of 2026, with net sales doubling to SEK 2.65 billion and organic growth of 20%, while the operating margin for comparable units rose to 9.7%. Adjusted operating profit climbed to SEK 227 million, earnings p...
HANZA Wins Saab Surveillance’s 2026 Supplier of the Year Award
Apr 30, 2026
Manufacturing group HANZA has been named “Supplier of the Year 2026” by Saab Surveillance, recognizing the company’s strong delivery capabilities under demanding conditions and its high delivery precision. Saab also highlighted H...
HANZA to Release Q1 2026 Interim Report and Host Investor Presentation on May 5
Apr 17, 2026
HANZA AB will publish its interim report for the first quarter of 2026 on May 5 at 7:30 a.m. CET and will host a presentation for investors, analysts and media at 10:00 a.m. CET the same day. The report will be presented in English by CEO Erik Ste...
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...
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.