Lindab International AB (LIAB) AI Stock Analysis

• Market Cap: kr15.83B
• Dividend Yield: 2.59%
• Average Volume (3M): 87.52K
• Price to Earnings (P/E): 52.4
• Beta (1Y): 0.90
• Revenue Growth: -0.52%
• EPS Growth: -60.06%
• Country: SE
• Employees: 5,046
• Sector: Industrials
• Sector Strength: 83
• Industry: Construction
• EPS (TTM): 2.27
• Shares Outstanding: 78,842,820
• 10 Day Avg. Volume: 111,686
• 30 Day Avg. Volume: 87,521
• PEG Ratio: -0.89
• Price to Book (P/B): 2.40
• Price to Sales (P/S): 1.32
• P/FCF Ratio: 14.59
• 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: kr232.00
• Price Target Upside: 11.32% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 59 Neutral
• Price Target: kr224.00 ▲(7.49% Upside)

The overall stock score of 62 reflects a stable financial performance with operational efficiency but highlights concerns over revenue and cash flow growth. Technical indicators show positive momentum, but the high P/E ratio suggests potential overvaluation. The absence of recent earnings call insights or significant corporate events leaves these aspects unaddressed.

Lindab International AB Business Overview & Revenue Model

Company Description

Lindab International AB (publ) develops, manufactures, markets, distributes, and sells products and system solutions for construction and improved indoor climate. The company operates through three segments: Ventilation Systems, Profile Systems, and Building Systems. It offers products and systems for ventilation, cooling, and heating, as well as construction products and building solutions, such as steel rainwater systems; roof and wall cladding; and steel profiles for wall, roof and beam constructions, and buildings. The company also provides prefabricated steel construction systems, as well as proprietary IT software that simplify the project planning and quotation process for designers and contractors. In addition, it offers indoor climate products, such as air diffusers, water-borne climate systems, and acoustics. Lindab International AB (publ) offers its products through a network of approximately 128 branches, as well as through building contractors and retailers primarily in the Nordic region, Western Europe, Switzerland, Central and Eastern Europe/the Commonwealth of Independent States, and internationally. The company was formerly known as Lindab Intressenter AB and changed its name to Lindab International AB (publ) in May 2006. Lindab International AB (publ) was founded in 1959 and is headquartered in Bastad, Sweden.

How the Company Makes Money

Lindab International AB generates revenue through the sale of its core products, which include ventilation systems, building components, and roofing materials. The company's revenue model is based on direct sales to contractors, builders, and distributors, as well as through partnerships with construction firms and wholesalers. Key revenue streams originate from both product sales and installation services. Additionally, Lindab's commitment to innovation and sustainability has led to the development of energy-efficient products that align with regulatory trends, further enhancing its market position. The company's strong distribution network across Europe, along with strategic partnerships, plays a significant role in driving sales and expanding its customer base.

Lindab International AB Financial Statement Overview

Summary

Lindab International AB has demonstrated solid revenue growth and operational efficiency, with stable gross profit margins. However, profitability pressures exist with a slight decrease in net profit margins. The balance sheet shows moderate leverage and strong equity backing, while cash flow performance is commendable with efficient conversion of earnings into cash.

Income Statement

Lindab International AB has demonstrated solid revenue growth with a 7.2% increase in TTM revenue compared to the previous year. The gross profit margin has remained stable at around 27.8% in TTM, reflecting consistent operational efficiency. However, the net profit margin decreased to 2.6% in TTM from 2.4% in the previous year, indicating some pressure on profitability. The EBIT and EBITDA margins are also stable at 5.5% and 13.0% respectively, suggesting steady core operational performance.

Balance Sheet

The balance sheet of Lindab International AB reflects moderate leverage, with a debt-to-equity ratio of 0.64 in TTM, indicating a balanced mix of debt and equity financing. The return on equity (ROE) is 4.8% in TTM, which is a decrease from 4.3% in the previous year, suggesting some pressure on shareholder returns. The equity ratio remains strong at 47.3%, highlighting a robust capital structure with significant equity backing.

Cash Flow

Lindab International AB exhibits strong cash flow performance with a free cash flow growth rate of -5.8% in TTM, reflecting slight pressure on cash flow generation. The operating cash flow to net income ratio is 4.1 in TTM, indicating efficient conversion of earnings into cash. The free cash flow to net income ratio is 3.3 in TTM, demonstrating strong free cash flow relative to net earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.12B	13.32B	13.11B	12.37B	9.65B	9.17B
Gross Profit	3.65B	3.69B	3.56B	3.46B	2.74B	2.62B
EBITDA	1.67B	1.70B	1.79B	1.80B	1.43B	1.15B
Net Income	304.00M	315.00M	849.00M	974.00M	537.00M	596.00M
Balance Sheet
Total Assets	15.27B	15.43B	13.56B	12.96B	10.30B	9.40B
Cash, Cash Equivalents and Short-Term Investments	468.00M	499.00M	587.00M	481.00M	542.00M	541.00M
Total Debt	4.66B	4.73B	3.63B	3.57B	1.99B	1.96B
Total Liabilities	8.25B	8.07B	6.32B	6.21B	4.66B	4.23B
Stockholders Equity	7.02B	7.36B	7.24B	6.75B	5.65B	5.18B
Cash Flow
Free Cash Flow	1.13B	1.21B	1.42B	332.00M	309.00M	704.00M
Operating Cash Flow	1.38B	1.44B	1.71B	691.00M	704.00M	1.13B
Investing Cash Flow	-439.00M	-1.60B	-760.00M	-1.34B	-404.00M	-663.00M
Financing Cash Flow	-1.07B	65.00M	-843.00M	556.00M	-319.00M	-395.00M

Lindab International AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 208.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:LIAB, the sentiment is Positive. The current price of 208.4 is below the 20-day moving average (MA) of 209.51, above the 50-day MA of 204.73, and above the 200-day MA of 207.91, indicating a neutral trend. The MACD of 1.48 indicates Positive momentum. The RSI at 50.93 is Neutral, neither overbought nor oversold. The STOCH value of 55.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:LIAB.

Lindab International AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALIG	76 Outperform	€17.53B	24.12	9.98%	1.90%	-0.39%	34.10%
SYSR	74 Outperform	kr20.38B	29.94	11.86%	1.25%	0.37%	5.05%
AQ	73 Outperform	kr17.86B	27.19	15.38%	0.82%	-1.58%	-1.95%
Sector *	63 Neutral	$10.80B	16.55	6.58%	2.06%	2.37%	-15.86%
INWI	61 Neutral	kr10.55B	18.68	10.69%	3.01%	3.19%	4.23%
LIAB	59 Neutral	kr15.83B	52.43	4.25%	2.59%	-0.52%	-60.06%
BERG.B	54 Neutral	kr8.90B	40.20	-2.39%	1.16%	6.11%	-124.15%

Lindab International AB Corporate Events

Lindab Divests Hungarian Profile Operations to Focus on Ventilation Business

Lindab International AB has announced the divestment of its profile operations in Hungary, which is part of a broader restructuring strategy for its Profile Systems business area in Eastern Europe. This move allows Lindab to concentrate on its core ventilation business in Hungary while the profile operations will be taken over by a local company linked to ROVA-SK a.s. The transaction is expected to enhance the margin for Profile Systems and improve capital efficiency, with completion anticipated in the fourth quarter of the year.

The most recent analyst rating on (SE:LIAB) stock is a Buy with a SEK293.00 price target. To see the full list of analyst forecasts on Lindab International AB stock, see the SE:LIAB Stock Forecast page.

Lindab Reports Resilient Performance Amid Market Challenges in Q2 2025

Lindab International AB reported a challenging second quarter of 2025, with net sales decreasing by 8% due to low market activity and negative currency effects. Despite these challenges, the company’s Ventilation Systems division showed resilience with a 9.9% operating margin, supported by cost-saving measures and price adjustments. The acquisition of Ventia and HAS-Vent was completed, positioning Lindab for future growth. The company remains optimistic about stabilizing sales in the second half of 2025 and anticipates a market recovery in 2026.

The most recent analyst rating on (SE:LIAB) stock is a Buy with a SEK293.00 price target. To see the full list of analyst forecasts on Lindab International AB stock, see the SE:LIAB Stock Forecast page.

Lindab Finalizes Acquisition of Polish Ventilation Firm Ventia

Lindab International AB has successfully completed the acquisition of Ventia, a Polish ventilation distributor, following approval from the Polish competition authority. This acquisition is a strategic move to enhance Lindab’s presence in the Polish market and boost sales of technical ventilation products, with Ventia becoming a subsidiary of Lindab Poland.

The most recent analyst rating on (SE:LIAB) stock is a Buy with a SEK270.00 price target. To see the full list of analyst forecasts on Lindab International AB stock, see the SE:LIAB Stock Forecast page.

Lindab Completes Acquisition of HAS-Vent, Expanding UK Market Presence

Lindab International AB has successfully completed the acquisition of the British ventilation company HAS-Vent Ltd, following a review by the UK’s Competition and Markets Authority. This strategic acquisition, which required the divestment of two branches, enhances Lindab’s presence in the UK market, expanding its distribution network to over 30 branches and strengthening its operations in one of Europe’s key markets.

The most recent analyst rating on (SE:LIAB) stock is a Buy with a SEK248.00 price target. To see the full list of analyst forecasts on Lindab International AB stock, see the SE:LIAB Stock Forecast page.

Lindab CEO Ola Ringdahl Acquires Share Options

Lindab’s CEO, Ola Ringdahl, has acquired 100,000 share options under the company’s 2025-2028 share option program for senior executives, with a total investment of SEK 2,530,000. This acquisition, partially financed by the sale of 10,000 Lindab shares, results in a net investment of SEK 468,000, potentially strengthening Ringdahl’s commitment to the company’s future growth and aligning his interests with those of the shareholders.

The most recent analyst rating on (SE:LIAB) stock is a Buy with a SEK270.00 price target. To see the full list of analyst forecasts on Lindab International AB stock, see the SE:LIAB Stock Forecast page.

Lindab International AB Announces Key Resolutions at 2025 AGM

Lindab International AB’s Annual General Meeting resulted in the re-election of its Board members and Deloitte AB as auditor, approval of a dividend of SEK 5.40 per share, and the introduction of a call option plan for senior executives to align their interests with shareholders. The meeting also authorized the Board to repurchase shares and issue new shares, warrants, or convertibles, aiming to optimize the capital structure and support future acquisitions, thereby enhancing shareholder value.

The most recent analyst rating on (SE:LIAB) stock is a Buy with a SEK270.00 price target. To see the full list of analyst forecasts on Lindab International AB stock, see the SE:LIAB Stock Forecast page.