Lagercrantz Group AB Class B (SE:LAGR.B)
:LAGR.B
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Lagercrantz Group AB Class B
(LAGR.B)
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Rating:77Outperform
Price Target:
kr292.00
▲(32.01% Upside)
Action:Reiterated
Date:05/21/26
The score is driven primarily by strong financial performance (expanding profitability and solid free cash flow) and a technically strong uptrend (price above key moving averages with positive MACD). These positives are partially offset by a demanding valuation (high P/E and low yield) and increased leverage alongside slowing revenue growth.
Positive Factors
Margin Stability & Improvement
Consistent ~38–39% gross margin with operating margin improving to ~16% in 2026 demonstrates durable profitability and operational leverage. Stable margins support cash generation, resilience to demand swings, and provide headroom for reinvestment or bolt-on M&A over coming quarters.
Negative Factors
Revenue Growth Deceleration
Revenue growth has slowed versus prior high-growth years. Sustained deceleration could cap operating leverage and margin expansion, limit incremental free cash flow, and reduce the accretiveness of future acquisitions, constraining upside over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Stability & Improvement
Consistent ~38–39% gross margin with operating margin improving to ~16% in 2026 demonstrates durable profitability and operational leverage. Stable margins support cash generation, resilience to demand swings, and provide headroom for reinvestment or bolt-on M&A over coming quarters.
Read all positive factors
Lagercrantz Group AB Class B (LAGR.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr51.91B
Dividend Yield1.04%
Average Volume (3M)460.06K
Price to Earnings (P/E)34.2
Beta (1Y)1.32
Revenue Growth12.98%
EPS Growth17.70%
CountrySE
Employees2,966
SectorIndustrials
Sector Strength72
IndustryInformation Technology Services
Share Statistics
EPS (TTM)5.83
Shares Outstanding199,442,840
10 Day Avg. Volume1,006,811
30 Day Avg. Volume460,061
Financial Highlights & Ratios
PEG Ratio1.94
Price to Book (P/B)9.24
Price to Sales (P/S)3.86
P/FCF Ratio27.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr277.50Price Target Upside25.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)7.14
Revenue Forecast (FY)kr11.63B
Lagercrantz Group AB Class B Business Overview & Revenue Model
Company Description
Lagercrantz Group AB (publ) operates as a technology company in Sweden, Denmark, Norway, Finland, the United Kingdom, Germany, Poland, rest of Europe, and internationally. The company operates through five divisions: Electrify, Control, TecSec, Ni...
How the Company Makes Money
Lagercrantz makes money primarily by selling niche technology products and related solutions through its operating subsidiaries. Revenue is mainly generated from (1) distribution and resale of specialized components and equipment sourced from exte...
Lagercrantz Group AB Class B Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
72
Positive
Cash Flow
78
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.61B | 9.39B | 8.13B | 7.25B | 5.48B |
| Gross Profit | 4.16B | 3.66B | 3.20B | 2.74B | 2.09B |
| EBITDA | 1.69B | 1.50B | 1.70B | 1.43B | 1.08B |
| Net Income | 1.20B | 1.02B | 877.00M | 758.00M | 572.00M |
Balance Sheet | |||||
| Total Assets | 12.77B | 11.22B | 9.84B | 8.03B | 6.21B |
| Cash, Cash Equivalents and Short-Term Investments | 331.00M | 456.00M | 355.00M | 360.00M | 210.00M |
| Total Debt | 4.54B | 4.09B | 3.25B | 2.63B | 2.16B |
| Total Liabilities | 8.34B | 7.38B | 6.37B | 5.02B | 3.98B |
| Stockholders Equity | 4.44B | 3.84B | 3.47B | 3.01B | 2.23B |
Cash Flow | |||||
| Free Cash Flow | 1.50B | 1.16B | 1.21B | 892.00M | 471.00M |
| Operating Cash Flow | 1.50B | 1.32B | 1.33B | 1.07B | 594.00M |
| Investing Cash Flow | -1.31B | -1.29B | -1.29B | -1.02B | -765.00M |
| Financing Cash Flow | -316.00M | 90.00M | -47.00M | 87.00M | 224.00M |
Lagercrantz Group AB Class B Technical Analysis
Positive
221.20
Price Trends
224.37
Positive
215.09
Positive
216.98
Positive
Market Momentum
8.30
Negative
68.39
Neutral
83.72
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:LAGR.B, the sentiment is Positive. The current price of 221.2 is below the 20-day moving average (MA) of 244.25, below the 50-day MA of 224.37, and above the 200-day MA of 216.98, indicating a bullish trend. The MACD of 8.30 indicates Negative momentum. The RSI at 68.39 is Neutral, neither overbought nor oversold. The STOCH value of 83.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:LAGR.B.
Lagercrantz Group AB Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr3.56B | 8.07 | 14.35% | 2.13% | -3.72% | -23.68% | |
77 Outperform | kr51.91B | 34.17 | 30.31% | 1.04% | 12.98% | 17.70% | |
66 Neutral | kr1.47B | 10.90 | 15.90% | 1.13% | 6.46% | 46.26% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | kr2.33B | 33.94 | ― | ― | 1.97% | 98.48% | |
55 Neutral | kr6.60B | 19.85 | 15.03% | 1.20% | -25.32% | -5.06% | |
52 Neutral | kr2.54B | 24.21 | 2.38% | 2.03% | -9.43% | -451.25% |
* Industrials Sector Average
SE:LAGR.B
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Lagercrantz Group AB Class B Corporate Events
Lagercrantz buys Swedish silencer maker Stalon to bolster niche tech portfolio
May 21, 2026
Lagercrantz Group AB has acquired 88% of Swedish company Stalon AB, a manufacturer of silencers for hunting firearms that develops and produces its products in-house in northern Sweden and generates around SEK 36 million in annual revenue with str...
Lagercrantz lifts earnings to record levels as M&A and margins advance
May 19, 2026
Lagercrantz Group AB reported a strong 2025/26 year, with net revenue up 13% to SEK 10.6 billion and EBITA rising 17% to SEK 1.9 billion, lifting the EBITA margin to 18.1%. Earnings per share climbed 18% and return on equity reached 29%, while the...
Lagercrantz buys Danish hydraulic tools maker Hycon to bolster Control division
Apr 29, 2026
Lagercrantz Group has agreed to acquire 95% of Danish company Hycon A/S, a Northern Jutland-based manufacturer of high-performance hydraulic tools and power units used for drilling, sawing, cutting and pumping in demanding environments such as wat...
Lagercrantz bolsters Nordic road safety portfolio with FMK Trafikprodukter acquisition
Apr 24, 2026
Lagercrantz Group AB, through its subsidiary Nordic Road Safety AB within Division Electrify, is expanding its infrastructure technology portfolio with the acquisition of the business and assets of FMK Trafikprodukter AB, a Swedish niche provider ...
Lagercrantz Strengthens Secure Storage Portfolio With Nivex Topsafe Acquisition
Apr 17, 2026
Lagercrantz Group AB has acquired 100% of Nivex Topsafe Group, a leading Swedish manufacturer and distributor of secure storage solutions such as security cabinets, fire cabinets, and safe rooms for private and public customers. Nivex Topsafe oper...
Lagercrantz boosts UK presence with acquisition of Michael Smith Switchgear
Apr 2, 2026
Lagercrantz Group AB has acquired 100% of UK-based Michael Smith Switchgear Limited, a Leicester manufacturer of bespoke low-voltage switchgear and electrical distribution assemblies serving industrial, commercial, infrastructure and data centre c...
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.