Indutrade AB (SE:INDT)
:INDT
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Indutrade AB
(INDT)
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Rating:59Neutral
Price Target:
kr266.00
▲(13.58% Upside)
Action:ReiteratedDate:01/31/26
The score is driven primarily by solid underlying financial performance and cash generation, but it is materially offset by weak technicals (price below all major moving averages and bearish momentum) and a relatively high P/E with only a modest dividend yield.
Positive Factors
Strong free cash flow generation
Free cash flow that reliably tracks net income (~0.77–0.88 2020–2025) indicates high earnings quality and durable cash generation. This supports ongoing bolt-on acquisitions, capital expenditure, dividend capacity and deleveraging, providing financial flexibility through cycles.
Negative Factors
Revenue growth slowdown
Top-line momentum weakened from strong expansion (2021–2023) to low growth in 2024 and a small decline in 2025. A sustained organic slowdown reduces visibility on future earnings and increases dependence on acquisitions to meet growth targets, elevating execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Free cash flow that reliably tracks net income (~0.77–0.88 2020–2025) indicates high earnings quality and durable cash generation. This supports ongoing bolt-on acquisitions, capital expenditure, dividend capacity and deleveraging, providing financial flexibility through cycles.
Read all positive factors
Indutrade AB (INDT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr82.70B
Dividend Yield1.26%
Average Volume (3M)376.97K
Price to Earnings (P/E)34.2
Beta (1Y)1.14
Revenue Growth0.97%
EPS Growth-2.09%
CountrySE
Employees9,727
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)1.72
Shares Outstanding364,323,000
10 Day Avg. Volume294,203
30 Day Avg. Volume376,968
Financial Highlights & Ratios
PEG Ratio-4.97
Price to Book (P/B)5.12
Price to Sales (P/S)2.72
P/FCF Ratio25.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr245.00Price Target Upside4.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)9.32
Revenue Forecast (FY)kr33.89B
Indutrade AB Business Overview & Revenue Model
Company Description
Indutrade AB (publ) manufactures, develops, and sells components, systems, and services to various industries worldwide. It operates through eight segments: Benelux, DACH, Finland, Flow Technology, Fluids and Mechanical Solutions, Industrial Compo...
How the Company Makes Money
Indutrade makes money primarily by owning and operating a portfolio of specialized industrial subsidiaries that generate revenue from the sale of technical products and solutions and, in many cases, accompanying services. The core revenue model is...
Indutrade AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
72
Positive
Cash Flow
77
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 32.23B | 32.54B | 31.84B | 27.02B | 21.71B |
| Gross Profit | 11.40B | 11.40B | 11.05B | 9.36B | 7.61B |
| EBITDA | 5.48B | 5.80B | 5.77B | 4.88B | 3.89B |
| Net Income | 2.56B | 2.75B | 2.87B | 2.68B | 2.10B |
Balance Sheet | |||||
| Total Assets | 33.23B | 34.42B | 31.28B | 28.86B | 22.00B |
| Cash, Cash Equivalents and Short-Term Investments | 2.39B | 3.05B | 3.01B | 1.59B | 1.46B |
| Total Debt | 9.64B | 10.79B | 10.46B | 9.81B | 6.50B |
| Total Liabilities | 16.11B | 17.77B | 16.79B | 16.09B | 11.70B |
| Stockholders Equity | 17.11B | 16.64B | 14.47B | 12.76B | 10.29B |
Cash Flow | |||||
| Free Cash Flow | 3.50B | 3.61B | 3.95B | 1.82B | 2.48B |
| Operating Cash Flow | 3.99B | 4.13B | 4.49B | 2.37B | 2.85B |
| Investing Cash Flow | -2.23B | -2.50B | -2.13B | -3.32B | -2.00B |
| Financing Cash Flow | -2.34B | -1.63B | -932.00M | 991.00M | -200.00M |
Indutrade AB Technical Analysis
Positive
234.20
Price Trends
218.19
Positive
223.31
Positive
230.32
Positive
Market Momentum
3.58
Negative
70.04
Negative
96.24
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:INDT, the sentiment is Positive. The current price of 234.2 is above the 20-day moving average (MA) of 212.49, above the 50-day MA of 218.19, and above the 200-day MA of 230.32, indicating a bullish trend. The MACD of 3.58 indicates Negative momentum. The RSI at 70.04 is Negative, neither overbought nor oversold. The STOCH value of 96.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:INDT.
Indutrade AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr89.56B | 42.82 | 29.90% | 0.98% | 9.24% | 15.27% | |
69 Neutral | kr18.85B | 34.09 | 25.27% | 1.22% | 3.19% | 4.60% | |
68 Neutral | kr21.47B | 31.81 | 15.97% | 1.03% | -1.37% | 14.78% | |
59 Neutral | kr82.70B | 34.20 | 16.43% | 1.26% | 0.97% | -2.09% | |
57 Neutral | kr72.99B | 58.24 | 11.04% | 0.95% | 9.08% | -3.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | kr16.56B | 15.07 | 5.21% | 0.88% | -4.70% | ― |
* General Sector Average
SE:INDT
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Indutrade AB Corporate Events
Indutrade broadens Life Science portfolio with Axotan acquisition
Apr 15, 2026
Indutrade AB has expanded its Life Science business area with the acquisition of Axotan AB, a Swedish technical trading company specialising in stoma bags, stoma accessories and wound care products. Axotan, founded in 1991 and based in Helsingborg...
Indutrade Sets Webcast for First-Quarter 2026 Interim Report
Apr 9, 2026
Indutrade AB will publish its interim report for January to March 2026 on 24 April at around 7:30 CEST, followed by a live webcast presentation at 9:30 CEST led by President and CEO Bo Annvik and CFO Patrik Johnson. The English-language presentati...
Indutrade AGM Approves SEK 3.10 Dividend and New Long-Term Incentive Plan
Apr 1, 2026
Shareholders in Swedish industrial group Indutrade approved all proposals at the 1 April 2026 Annual General Meeting, including adoption of the 2025 financial statements and a dividend of SEK 3.10 per share, with payment scheduled for 10 April. Th...
Indutrade CFO to Step Down After Completion of Q2 2026 Report
Mar 27, 2026
Indutrade AB announced that Chief Financial Officer and Group management member Patrik Johnson will leave his role in July 2026, remaining in position until after the publication of the company’s second-quarter 2026 interim report, while a r...
Indutrade Highlights Acquisition-Driven Growth and Entrepreneur Focus in 2025 Annual Report
Mar 10, 2026
Indutrade AB has published its 2025 Annual Report, detailing its directors’ report, financial statements for the group and parent company, corporate governance report, and sustainability statement, all to be presented for adoption at the upc...
Indutrade Buys Italian Automotive Aftermarket Specialist CAT Ricambi
Feb 26, 2026
Indutrade has expanded its presence in the automotive aftermarket by acquiring all shares in Italian technical trading company CAT Ricambi, which generates annual sales of about EUR 30 million and employs 38 people in Modena. The deal strengthens ...
Indutrade Sets April 2026 AGM with Expanded Voting Options
Feb 23, 2026
Indutrade AB has called its 2026 Annual General Meeting for 1 April 2026 at the IVA Conference Center in Stockholm, allowing shareholders to participate either in person or via proxy. The company is also enabling postal voting, in line with its Ar...
Indutrade makes first 2026 acquisition with purchase of Danish expansion joint maker Belman
Feb 3, 2026
Indutrade has acquired all shares in Danish company Belman A/S, a specialist in customised metallic and non-metallic expansion joints and bellows used across marine, process and power generation industries, with annual sales of about DKK 180 milli...
Indutrade Lifts Underlying Margin and Cash Flow Amid Weak 2025 Demand
Jan 29, 2026
In its year-end report for 2025, Indutrade AB reported that market conditions remained uncertain and overall demand was weak, yet the group managed to improve its underlying profitability and maintain strong cash generation. In the fourth quarter,...
Indutrade Nomination Committee Backs Full Board Re‑election Ahead of 2026 AGM
Jan 28, 2026
Indutrade AB’s Nomination Committee has proposed the re-election of all eight current Board members, including Bo Annvik, Pia Brantgärde Linder, Anders Jernhall, Kerstin Lindell, Martin Lindqvist, Ulf Lundahl, Katarina Martinson and Lar...
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.