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Lindab International AB
(LIAB)
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Rating:63Neutral
Price Target:
kr139.00
▼(-32.39% Downside)
Action:Reiterated
Date:05/09/26
The score is primarily supported by solid financial quality—strong free cash flow generation and a conservatively leveraged balance sheet—despite weakening revenue and lower operating margins versus prior years. The biggest drag is technical weakness (price below key moving averages and negative MACD), while valuation is only moderately supportive due to a relatively high P/E offset by a decent dividend yield.
Positive Factors
Robust free cash flow
Consistently strong free cash flow (SEK 948m TTM) and ~78% conversion of earnings supports capital allocation: funds for maintenance capex, dividends, and debt reduction. Durable cash generation reduces reliance on external financing and improves strategic optionality across cycles.
Negative Factors
Negative revenue trend
A shift to negative revenue growth (TTM -1.6%) suggests demand or volume weakness in construction/renovation end markets. Persistent top-line decline constrains operating leverage, makes fixed-cost absorption harder, and could erode long-term earnings potential if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust free cash flow
Consistently strong free cash flow (SEK 948m TTM) and ~78% conversion of earnings supports capital allocation: funds for maintenance capex, dividends, and debt reduction. Durable cash generation reduces reliance on external financing and improves strategic optionality across cycles.
Read all positive factors
Lindab International AB (LIAB) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr10.16B
Dividend Yield2.61%
Average Volume (3M)116.04K
Price to Earnings (P/E)14.2
Beta (1Y)1.07
Revenue Growth-5.58%
EPS Growth110.36%
CountrySE
Employees5,046
SectorGeneral
Sector StrengthN/A
IndustryConstruction
Share Statistics
EPS (TTM)9.37
Shares Outstanding78,842,820
10 Day Avg. Volume66,914
30 Day Avg. Volume116,036
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)2.19
Price to Sales (P/S)1.24
P/FCF Ratio15.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)8.43
Revenue Forecast (FY)kr12.62B
Lindab International AB Business Overview & Revenue Model
Company Description
Lindab International AB (publ) is a company dedicated to designing, producing, marketing, distributing, and selling a range of products and integrated solutions for the building sector and for enhancing indoor climate quality. The firm's activitie...
How the Company Makes Money
LIAB primarily makes money by selling manufactured and distributed building products and system solutions to professional customers (e.g., installers, contractors, and distributors) in the construction and renovation value chain. Its main revenue ...
Lindab International AB Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
78
Positive
Cash Flow
73
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.64B | 12.85B | 13.32B | 13.11B | 12.37B | 9.65B |
| Gross Profit | 3.60B | 3.64B | 3.69B | 3.56B | 3.46B | 2.74B |
| EBITDA | 1.80B | 1.87B | 1.70B | 1.79B | 1.80B | 1.65B |
| Net Income | 723.00M | 760.00M | 315.00M | 849.00M | 974.00M | 537.00M |
Balance Sheet | ||||||
| Total Assets | 15.14B | 14.63B | 15.43B | 13.56B | 12.96B | 10.30B |
| Cash, Cash Equivalents and Short-Term Investments | 427.00M | 442.00M | 499.00M | 587.00M | 481.00M | 542.00M |
| Total Debt | 4.59B | 4.47B | 4.73B | 3.63B | 3.57B | 1.99B |
| Total Liabilities | 7.64B | 7.31B | 8.07B | 6.32B | 6.21B | 4.66B |
| Stockholders Equity | 7.50B | 7.32B | 7.36B | 7.24B | 6.75B | 5.65B |
Cash Flow | ||||||
| Free Cash Flow | 948.00M | 1.02B | 1.21B | 1.42B | 332.00M | 309.00M |
| Operating Cash Flow | 1.23B | 1.35B | 1.44B | 1.71B | 691.00M | 704.00M |
| Investing Cash Flow | -467.00M | -508.00M | -1.60B | -760.00M | -1.34B | -404.00M |
| Financing Cash Flow | -825.00M | -873.00M | 65.00M | -843.00M | 556.00M | -319.00M |
Lindab International AB Technical Analysis
Negative
205.60
Price Trends
139.82
Negative
148.67
Negative
174.17
Negative
Market Momentum
-1.90
Negative
43.20
Neutral
39.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:LIAB, the sentiment is Negative. The current price of 205.6 is above the 20-day moving average (MA) of 134.60, above the 50-day MA of 139.82, and above the 200-day MA of 174.17, indicating a bearish trend. The MACD of -1.90 indicates Negative momentum. The RSI at 43.20 is Neutral, neither overbought nor oversold. The STOCH value of 39.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:LIAB.
Lindab International AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | kr19.26B | 27.49 | 15.15% | 0.83% | 6.03% | 6.43% | |
69 Neutral | kr16.58B | 21.74 | 11.96% | 1.55% | 1.64% | 12.06% | |
63 Neutral | kr10.16B | 14.25 | 7.36% | 2.61% | -5.58% | 110.36% | |
61 Neutral | kr12.01B | 21.04 | 9.59% | 2.09% | -4.27% | -16.12% | |
59 Neutral | kr8.57B | 17.45 | 9.42% | 3.37% | 0.67% | -12.32% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | kr7.85B | 34.62 | -3.67% | 1.25% | ― | ― |
* General Sector Average
SE:LIAB
Lindab International AB
133.50
-59.37
-30.78%
SE:INWI
Inwido AB
146.40
-34.67
-19.15%
SE:AQ
AQ Group AB
207.00
23.05
12.53%
SE:BERG.B
Bergman & Beving AB Class B
297.00
5.54
1.90%
SE:SYSR
Systemair AB
79.80
-10.00
-11.14%
SE:ALIG
Alimak Group AB
113.00
-37.01
-24.67%
Lindab International AB Corporate Events
Lindab completes Romanian divestment, finalises Eastern Europe exit
Jun 17, 2026
Lindab Group has completed the divestment of its Romanian operations, following approval from national investment authorities, finalising the Profile Systems business area’s exit from Eastern Europe. The business, which generated about SEK 2...
Lindab AGM Approves Dividend, New Incentive Plan and Expanded Capital Mandates
May 12, 2026
Lindab International AB’s Annual General Meeting reappointed the existing Board members, added Joonas Sandholm, and confirmed Peter Nilsson as Chairman, while also renewing Deloitte AB as auditor and approving the 2025 financial statements w...
Lindab Hit by Weak Construction Market as Q1 Profit and Cash Flow Decline
May 6, 2026
Lindab International AB reported a weaker first quarter of 2026, as Group net sales fell 7 percent to SEK 3,003 million and operating profit declined to SEK 188 million, with the operating margin easing to 6.3 percent. Earnings per share decreased...
Lindab Releases 2025 Annual and Sustainability Report Highlighting Growth and Climate Focus
Apr 10, 2026
Lindab International AB has published its 2025 Annual Report and Sustainability Report, presenting an overview of strategy, financial performance, governance, and statutory sustainability disclosures. The report details the company’s long-te...
Lindab Sets May 12, 2026 Date for AGM With Expanded Voting Options
Apr 8, 2026
Lindab International AB has called its 2026 Annual General Meeting for May 12 at the Lindab Experience Center in Grevie, with registration opening an hour before the meeting. Shareholders must be recorded in the Euroclear Sweden share register by ...
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.