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Indutrade AB
(INDT)
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Rating:71Outperform
Price Target:
kr282.00
â–˛(20.41% Upside)
Action:Upgraded
Date:07/17/26
Overall score is driven primarily by solid financial performance (strong profitability and free cash flow generation, improving leverage trends) and supportive technical momentum (price above major moving averages with positive MACD). The main drag is valuation, with a high P/E and only a modest dividend yield, plus a noted TTM debt data inconsistency that adds some financial reporting uncertainty.
Positive Factors
Free cash flow conversion
Consistently high free cash flow conversion (87–89% of net income) gives Indutrade durable financial flexibility. Over the medium term this supports organic investment, bolt-on acquisitions, and shareholder returns without heavy reliance on external financing, strengthening resilience.
Negative Factors
Balance-sheet data quality
A material TTM data inconsistency (debt line reporting 0 while leverage ratios show ~0.55 D/E) undermines confidence in recent leverage metrics. That hampers reliable assessment of covenant headroom, refinancing risk and capital allocation decisions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow conversion
Consistently high free cash flow conversion (87–89% of net income) gives Indutrade durable financial flexibility. Over the medium term this supports organic investment, bolt-on acquisitions, and shareholder returns without heavy reliance on external financing, strengthening resilience.
Read all positive factors
Indutrade AB (INDT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr87.00B
Dividend Yield1.3%
Average Volume (3M)376.97K
Price to Earnings (P/E)32.4
Beta (1Y)1.26
Revenue Growth2.02%
EPS Growth-0.48%
CountrySE
Employees10,021
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)7.36
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
kr241.67Price Target Upside3.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)9.47
Revenue Forecast (FY)kr35.14B
Indutrade AB Business Overview & Revenue Model
Company Description
Indutrade AB (publ), a Swedish company established in Kista in 1919, operates as a global industrial group specializing in the development, manufacture, and distribution of a diverse range of components, systems, and services. Serving various indu...
How the Company Makes Money
Indutrade makes money primarily by selling industrial products and solutions through its portfolio of subsidiaries. Revenue is generated from (1) product sales: distribution and/or proprietary sales of components and equipment (for example, valves...
Indutrade AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
76
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.12B | 32.23B | 32.54B | 31.84B | 27.02B | 21.71B |
| Gross Profit | 11.80B | 11.40B | 11.40B | 11.05B | 9.36B | 7.61B |
| EBITDA | 5.69B | 5.48B | 5.80B | 5.77B | 4.88B | 3.89B |
| Net Income | 2.68B | 2.56B | 2.75B | 2.87B | 2.68B | 2.10B |
Balance Sheet | ||||||
| Total Assets | 36.46B | 33.23B | 34.42B | 31.28B | 28.86B | 22.00B |
| Cash, Cash Equivalents and Short-Term Investments | 1.36B | 2.39B | 3.05B | 3.01B | 1.59B | 1.46B |
| Total Debt | 5.85B | 9.55B | 10.79B | 10.46B | 9.93B | 6.60B |
| Total Liabilities | 18.57B | 16.11B | 17.77B | 16.79B | 16.09B | 11.70B |
| Stockholders Equity | 17.88B | 17.11B | 16.64B | 14.47B | 12.76B | 10.29B |
Cash Flow | ||||||
| Free Cash Flow | 3.68B | 3.50B | 3.65B | 3.95B | 1.82B | 2.48B |
| Operating Cash Flow | 4.13B | 3.99B | 4.13B | 4.49B | 2.37B | 2.85B |
| Investing Cash Flow | -3.34B | -2.23B | -2.50B | -2.13B | -3.32B | -2.00B |
| Financing Cash Flow | -992.00M | -2.34B | -1.63B | -932.00M | 991.00M | -200.00M |
Indutrade AB Technical Analysis
Positive
234.20
Price Trends
212.20
Positive
211.06
Positive
220.88
Positive
Market Momentum
9.22
Positive
62.19
Neutral
79.31
Neutral
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 below the 20-day moving average (MA) of 237.92, above the 50-day MA of 212.20, and above the 200-day MA of 220.88, indicating a bullish trend. The MACD of 9.22 indicates Positive momentum. The RSI at 62.19 is Neutral, neither overbought nor oversold. The STOCH value of 79.31 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | kr24.41B | 36.55 | 23.72% | 1.22% | 6.64% | 12.05% | |
71 Outperform | kr87.00B | 32.45 | 15.37% | 1.26% | 2.02% | -0.48% | |
70 Neutral | kr67.97B | 28.76 | 10.47% | 1.06% | -0.16% | -0.47% | |
68 Neutral | kr93.56B | 42.01 | 28.86% | 0.94% | 3.78% | 13.61% | |
67 Neutral | kr25.62B | 36.38 | 16.99% | 0.94% | 4.63% | 18.42% | |
58 Neutral | kr18.02B | 17.91 | 4.91% | 0.88% | -2.24% | 3829.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:INDT
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Indutrade AB Corporate Events
Indutrade expands energy-focused portfolio with acquisition of Dutch firm Controlin
Jul 23, 2026
Indutrade AB has acquired all shares in Dutch firm Controlin B.V., a technical trading and application engineering company specialising in energy and power management and industrial automation solutions. Controlin, founded in 2002 and based in Rid...
Indutrade lifts profits on strong demand and acquisition-driven growth
Jul 16, 2026
Indutrade AB reported strong second-quarter performance, with order intake rising 14 percent to SEK 9.4 billion and net sales up 11 percent to SEK 9.0 billion, driven by both acquisitions and 5 percent organic growth. Demand was particularly robus...
Indutrade Adds Nordic Life Science Assets With Two Add-on Acquisitions
Jul 14, 2026
Indutrade has agreed to acquire Danish microbiology-focused technical trader Dorte Egelund ApS and Finnish cleanroom and pharmaceutical solutions specialist Albiox Oy, which together generate around SEK 60 million in annual sales. The deals, struc...
Indutrade bolsters leadership with new CFO and Infrastructure & Construction chief
Jul 13, 2026
Indutrade AB has strengthened its senior leadership team with the appointment of Anna Vilogorac as Chief Financial Officer, effective no later than 14 January 2027, and Håkan Svensson as Senior Vice President, Infrastructure Construction fro...
Indutrade Sets Webcast for July Interim Report Release
Jul 2, 2026
Indutrade has scheduled the publication of its interim report for January to June 2026 for 16 July, with a live webcast presentation and QA to follow the same morning led by President and CEO Bo Annvik and CFO Patrik Johnson. The event underscores...
Indutrade expands process instrumentation portfolio with acquisition of Norway’s Autek
Jun 26, 2026
Indutrade AB has agreed to acquire all shares in Norwegian company Autek AS, a specialist in process control and field instrumentation serving the energy sector and process industry, which generates annual sales of about NOK 170 million. Founded i...
Indutrade Buys German Composite Specialist Createc to Boost Life Science Portfolio
Jun 3, 2026
Indutrade has expanded its Life Science business area with the acquisition of Germany’s Createc GmbH Co. KG, a specialist in high-performance composite components with annual sales of about EUR 23 million. Createc, founded in 2006 and based...
Indutrade expands marine flow technology portfolio with acquisition of Valveco
May 28, 2026
Indutrade has strengthened its position in the global marine flow technology market by acquiring all shares in Dutch company Valveco B.V., a technical trading specialist in valves, flanges, actuators and pipe couplings for repair and maintenance i...
Indutrade strengthens Life Science unit with German packaging acquisition
May 25, 2026
Indutrade has expanded its Life Science business area by acquiring all shares in Germany’s PHACOTEC Produkt-Service GmbH, a specialist in primary packaging materials and solutions for the pharmaceutical and food industries with about EUR 2.7...
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.