Indutrade AB (SE:INDT)
:INDT
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Indutrade AB
(INDT)
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Rating:63Neutral
Price Target:
kr195.00
â–¼(-16.74% Downside)
Action:Reiterated
Date:04/25/26
The score is primarily supported by strong financial quality (stable operating margins and robust free cash flow versus earnings). However, weak technical positioning (below major moving averages) and a relatively high P/E with only a modest dividend yield temper the overall rating.
Positive Factors
Decentralized niche acquisition model
Indutrade’s long-standing strategy of buying established niche industrial businesses and operating them in decentralized units creates durable advantages: local customer relationships, specialized product expertise, repeat aftermarket revenue and lower integration risk. This supports steady organic growth, cross-sell potential and scalable margin improvements over time.
Negative Factors
Revenue growth slowdown
Recent slowing and a decline in 2025 point to weakening top-line momentum that may persist absent stronger end‑market demand or successful acquisitions. Slower organic growth limits operating leverage, constrains margin expansion opportunities and increases reliance on acquisition activity to sustain long‑term revenue targets.
Read all positive and negative factors
Positive Factors
Negative Factors
Decentralized niche acquisition model
Indutrade’s long-standing strategy of buying established niche industrial businesses and operating them in decentralized units creates durable advantages: local customer relationships, specialized product expertise, repeat aftermarket revenue and lower integration risk. This supports steady organic growth, cross-sell potential and scalable margin improvements over time.
Read all positive factors
Indutrade AB (INDT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr67.73B
Dividend Yield1.26%
Average Volume (3M)376.97K
Price to Earnings (P/E)26.3
Beta (1Y)1.31
Revenue Growth-1.77%
EPS Growth-8.94%
CountrySE
Employees9,727
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)6.96
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
kr223.00Price Target Upside-4.78% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)9.07
Revenue Forecast (FY)kr33.85B
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
73
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.26B | 32.23B | 32.54B | 31.84B | 27.02B | 21.71B |
| Gross Profit | 11.46B | 11.40B | 11.40B | 11.05B | 9.36B | 7.61B |
| EBITDA | 5.07B | 5.48B | 5.80B | 5.77B | 4.88B | 3.89B |
| Net Income | 2.54B | 2.56B | 2.75B | 2.87B | 2.68B | 2.10B |
Balance Sheet | ||||||
| Total Assets | 35.06B | 33.23B | 34.42B | 31.28B | 28.86B | 22.00B |
| Cash, Cash Equivalents and Short-Term Investments | 2.02B | 2.39B | 3.05B | 3.01B | 1.59B | 1.46B |
| Total Debt | 9.85B | 9.64B | 10.79B | 10.46B | 9.81B | 6.50B |
| Total Liabilities | 17.06B | 16.11B | 17.77B | 16.79B | 16.09B | 11.70B |
| Stockholders Equity | 17.99B | 17.11B | 16.64B | 14.47B | 12.76B | 10.29B |
Cash Flow | ||||||
| Free Cash Flow | 3.53B | 3.50B | 3.61B | 3.95B | 1.82B | 2.48B |
| Operating Cash Flow | 3.98B | 3.99B | 4.13B | 4.49B | 2.37B | 2.85B |
| Investing Cash Flow | -2.67B | -2.23B | -2.50B | -2.13B | -3.32B | -2.00B |
| Financing Cash Flow | -2.36B | -2.34B | -1.63B | -932.00M | 991.00M | -200.00M |
Indutrade AB Technical Analysis
Negative
234.20
Price Trends
204.17
Negative
210.53
Negative
221.52
Negative
Market Momentum
-3.35
Negative
38.18
Neutral
25.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:INDT, the sentiment is Negative. The current price of 234.2 is above the 20-day moving average (MA) of 192.03, above the 50-day MA of 204.17, and above the 200-day MA of 221.52, indicating a bearish trend. The MACD of -3.35 indicates Negative momentum. The RSI at 38.18 is Neutral, neither overbought nor oversold. The STOCH value of 25.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | kr21.85B | 35.25 | 25.27% | 1.22% | 2.56% | 3.95% | |
70 Outperform | kr23.26B | 35.57 | 15.97% | 1.03% | 0.50% | 10.05% | |
69 Neutral | kr88.16B | 40.40 | 29.90% | 0.98% | 4.16% | 13.45% | |
63 Neutral | kr67.73B | 26.25 | 16.43% | 1.26% | -1.77% | -8.94% | |
58 Neutral | kr66.20B | 28.25 | 11.04% | 0.95% | -0.44% | 0.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | kr14.95B | 14.47 | 5.21% | 0.88% | -2.24% | 3829.41% |
* General Sector Average
SE:INDT
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Indutrade AB Corporate Events
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...
Indutrade Holds Sales Steady but Margins Ease as Acquisitions Drive Growth
Apr 24, 2026
Indutrade AB reported a flat start to 2026, with first-quarter net sales unchanged at SEK 8.1 billion despite slightly stronger demand and a 2% rise in order intake to SEK 8.6 billion. The mixed sector picture saw robust orders from medical techno...
Indutrade Brings Back Veteran Executive as Interim CFO
Apr 22, 2026
Indutrade AB, a Stockholm-listed international technology and industrial group with over 220 companies mainly in Europe, focuses on niche technical components, systems and services, driven by a decentralised, acquisition-led growth model. The grou...
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...
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.