Inwido AB (INWI) AI Stock Analysis

• Market Cap: kr9.05B
• Dividend Yield: 3.37%
• Average Volume (3M): 81.18K
• Price to Earnings (P/E): 17.6
• Beta (1Y): 0.72
• Revenue Growth: 3.41%
• EPS Growth: -1.70%
• Country: SE
• Employees: 4,700
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 2.87
• Shares Outstanding: 57,972,527
• 10 Day Avg. Volume: 83,014
• 30 Day Avg. Volume: 81,183
• PEG Ratio: -0.96
• Price to Book (P/B): 1.90
• Price to Sales (P/S): 1.22
• P/FCF Ratio: 18.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr220.00
• Price Target Upside: 36.48% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: kr171.00 ▲(6.08% Upside)

Inwido AB's overall stock score reflects a balance of stable financial performance and reasonable valuation, offset by weak technical indicators. The company's strong balance sheet and attractive dividend yield are positives, but declining revenue and cash flow growth rates, along with bearish technical signals, present challenges.

Positive Factors

Conservative balance sheet

Inwido's low debt-to-equity and healthy equity ratio provide durable financial flexibility. Conservative leverage reduces refinancing and interest risk, supports capital expenditures or M&A, and helps the firm weather housing cycles without forcing asset sales or heavy dilution over the next 2-6 months.

Stable gross margins

A consistent ~25% gross margin indicates resilient cost management and pricing power on core window and door products. Sustained gross margins support profitability even amid modest revenue swings and enable continued investment in production efficiency and product quality.

Local brands & channel reach

Multi-brand, local production and diversified distribution (retailers, installers, builders) create sticky customer relationships and broad market access. This structural channel diversification reduces single-market exposure and supports steady replacement/renovation demand over time.

Negative Factors

Declining revenue trend

A negative TTM revenue growth rate signals either lower volumes or pricing pressure in core markets. Persistent top-line decline strains operating leverage, can erode fixed-cost absorption, and makes sustaining margins and reinvestment more difficult over coming quarters.

Weak cash generation trend

Falling free cash flow growth and operating cash flow below net income indicate weaker cash conversion. This reduces internal funding for capex, dividends or strategic initiatives and increases sensitivity to working-capital swings, limiting flexibility through downturns.

Eroding profitability metrics

A declining net profit margin—alongside noted decreases in ROE—suggests challenges converting sales into shareholder returns. If margins and ROE continue to fall it will pressure retained earnings, limit capital for growth initiatives, and weaken long-term return potential.

Inwido AB Business Overview & Revenue Model

Company Description

Inwido AB (publ), through its subsidiaries, develops, manufactures, and sells windows and doors. The company operates through four segments: e-Commerce, Scandinavia, Eastern Europe, and Western Europe. It offers wood, aluminum, and glass products, as well as fittings and coatings; and related accessories and services. The company provides its products through various channels, including direct sales, installers, retailers, middlemen, manufacturers of prefabricated homes, and small and large building companies, as well as through e-commerce channels. It operates in Denmark, Estonia, Finland, Ireland, Lithuania, Norway, Poland, Romania, the United Kingdom, Sweden, and Germany. Inwido AB (publ) was founded in 1811 and is based in Malmö, Sweden.

How the Company Makes Money

Inwido AB generates revenue primarily through the sale of its window and door products, which are distributed to construction companies, contractors, and retail customers across Europe. The company benefits from a diverse range of revenue streams, including direct sales, partnerships with builders, and collaborations with home improvement retailers. Additionally, Inwido focuses on innovation and sustainability, allowing it to command premium pricing for energy-efficient products. Strategic partnerships with architects and designers also contribute to increased sales by promoting their products in new construction and renovation projects. The company's emphasis on quality and customer service helps maintain customer loyalty, further stabilizing its revenue base.

Inwido AB Financial Statement Overview

Summary

Inwido AB presents a mixed financial picture. The company maintains stable margins and a strong balance sheet with a conservative leverage position. However, declining revenue and free cash flow growth rates are concerning, indicating potential challenges in future profitability and liquidity.

Income Statement

Inwido AB's income statement shows a mixed performance. The company has maintained a stable gross profit margin around 25%, indicating consistent cost management. However, the net profit margin has decreased over the years, reflecting challenges in converting revenue into profit. The revenue growth rate is negative in the TTM, suggesting a decline in sales, which is a concern for future profitability. EBIT and EBITDA margins are stable, but the declining revenue trend needs attention.

Balance Sheet

The balance sheet of Inwido AB is relatively strong with a debt-to-equity ratio below 0.5, indicating a conservative leverage position. The return on equity has decreased over the years, but remains positive, suggesting efficient use of equity. The equity ratio is healthy, reflecting a solid capital structure. However, the declining ROE trend could be a potential risk if not addressed.

Cash Flow

Inwido AB's cash flow statement reveals a decline in free cash flow growth, which is concerning. The operating cash flow to net income ratio is below 1, indicating that cash generation is not fully covering net income. The free cash flow to net income ratio is relatively strong, suggesting good cash conversion. However, the negative free cash flow growth rate in the TTM highlights potential liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.98B	8.84B	8.97B	9.55B	7.72B	6.68B
Gross Profit	2.26B	2.25B	2.30B	2.34B	2.02B	1.74B
EBITDA	1.25B	1.24B	1.38B	1.37B	1.17B	921.40M
Net Income	531.20M	538.50M	679.10M	796.40M	712.60M	500.60M
Balance Sheet
Total Assets	10.04B	10.16B	9.68B	9.79B	8.44B	8.02B
Cash, Cash Equivalents and Short-Term Investments	752.30M	935.40M	905.40M	1.32B	1.07B	1.13B
Total Debt	2.06B	2.28B	2.19B	2.11B	1.78B	2.25B
Total Liabilities	4.51B	4.51B	4.33B	4.47B	3.79B	3.86B
Stockholders Equity	5.53B	5.65B	5.25B	5.29B	4.64B	4.16B
Cash Flow
Free Cash Flow	670.30M	572.30M	844.80M	879.80M	820.50M	1.03B
Operating Cash Flow	954.60M	938.10M	1.15B	1.07B	1.01B	1.21B
Investing Cash Flow	-282.60M	-397.60M	-773.60M	-426.80M	-255.40M	-179.70M
Financing Cash Flow	-492.00M	-540.20M	-776.50M	-461.20M	-839.00M	-111.10M

Inwido AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 161.20
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:INWI, the sentiment is Positive. The current price of 161.2 is above the 20-day moving average (MA) of 160.26, above the 50-day MA of 154.65, and below the 200-day MA of 178.11, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 52.20 is Neutral, neither overbought nor oversold. The STOCH value of 23.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:INWI.

Inwido AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PEAB.B	70 Outperform	kr26.55B	15.74	10.55%	3.26%	-4.93%	10.91%
VOLO	66 Neutral	kr7.68B	31.99	14.16%	1.91%	9.65%	19.40%
NMAN	66 Neutral	kr5.05B	17.08	―	2.41%	2.05%	-11.66%
ALIG	65 Neutral	kr14.78B	20.98	9.59%	2.09%	-1.74%	26.36%
INWI	64 Neutral	kr9.05B	17.60	9.78%	3.37%	3.41%	-1.70%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BERG.B	48 Neutral	kr7.49B	-103.64	-3.67%	1.25%	4.65%	-136.09%

Inwido AB Corporate Events

Inwido Posts Modest 2025 Growth, Keeps Dividend as Acquisitions Lift Debt

Inwido reported modest top-line growth for 2025, with net sales rising 2 percent to SEK 9,002 million and organic growth of 4 percent, while profitability softened slightly as operating EBITA edged down to SEK 941 million and the margin slipped to 10.5 percent from 10.8 percent. In the fourth quarter, sales were broadly flat year-on-year and order intake declined when adjusted for currency, though underlying demand excluding last year’s large UK project appeared somewhat stronger, and the company continued its acquisition-driven expansion with three new deals in the UK and Slovenia. Net debt increased to 1.7 times operating EBITDA following acquisitions, but leverage remains moderate, and the Board has proposed maintaining the dividend at SEK 5.50 per share, signaling confidence in the company’s cash generation despite a more subdued order environment.

The most recent analyst rating on (SE:INWI) stock is a Hold with a SEK171.00 price target. To see the full list of analyst forecasts on Inwido AB stock, see the SE:INWI Stock Forecast page.

Inwido to Release Year-End and Q4 2025 Results on February 3

Inwido AB has announced that it will publish its year-end and fourth-quarter 2025 financial report on Tuesday, February 3 at 07:45 CET. The results will be presented the same day in an English-language webcast at 10:00 CET by President and CEO Fredrik Meuller and CFO and deputy CEO Peter Welin, with investors, analysts and media able to follow the presentation online or via telephone conference and submit questions, underscoring the company’s ongoing investor communication efforts and transparency toward the capital market.

The most recent analyst rating on (SE:INWI) stock is a Hold with a SEK173.00 price target. To see the full list of analyst forecasts on Inwido AB stock, see the SE:INWI Stock Forecast page.

Inwido Expands into Slovenia with AJM Group Acquisition

Inwido AB has expanded its European presence by acquiring AJM Group, a leading Slovenian window and door company. This acquisition marks Inwido’s entry into the Slovenian market and strengthens its position in Central and Eastern Europe. AJM Group, with annual sales of approximately EUR 30 million, has a strong brand reputation in the mid-to-high-end segments and operates a well-invested production facility near Maribor, Slovenia. The acquisition is expected to provide synergy opportunities and a platform for further growth in the region.

The most recent analyst rating on (SE:INWI) stock is a Hold with a SEK154.00 price target. To see the full list of analyst forecasts on Inwido AB stock, see the SE:INWI Stock Forecast page.

Inwido Expands UK Presence with Acquisition of Victorian House Window Group

Inwido AB has acquired Victorian House Window Group, a leading manufacturer of uPVC sliding sash windows in the UK, for GBP 60 million. This acquisition aligns with Inwido’s strategy, offering growth prospects and synergies, and marks the first facility within Inwido to integrate all operations under one roof, including a unique on-site PVC recycling process. The acquisition positions Inwido to capitalize on the growing UK sash window market and expand into new segments.

The most recent analyst rating on (SE:INWI) stock is a Hold with a SEK154.00 price target. To see the full list of analyst forecasts on Inwido AB stock, see the SE:INWI Stock Forecast page.