SinterCast AB (SINT) AI Stock Analysis

• Market Cap: kr627.00M
• Dividend Yield: 6.86%
• Average Volume (3M): 3.71K
• Price to Earnings (P/E): 25.5
• Beta (1Y): 0.27
• Revenue Growth: -13.48%
• EPS Growth: -33.66%
• Country: SE
• Employees: 26
• Sector: General
• Sector Strength: N/A
• Industry: Industrial - Machinery
• EPS (TTM): 0.53
• Shares Outstanding: 7,067,532
• 10 Day Avg. Volume: 2,263
• 30 Day Avg. Volume: 3,714
• PEG Ratio: -1.08
• Price to Book (P/B): 9.81
• Price to Sales (P/S): 6.91
• P/FCF Ratio: 21.58
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 4.13
• Revenue Forecast (FY): kr114.00M

• Rating: 74 Outperform
• Price Target: kr99.00 ▼(-3.41% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is driven primarily by strong financial fundamentals (high margins and extremely low leverage). Offsetting factors are weak technicals (price below key moving averages with negative MACD) and only moderate valuation support given a higher P/E despite a very high dividend yield.

Positive Factors

High margins

SinterCast’s persistently high gross and net margins reflect durable pricing power from proprietary process-control technology and a low-cost service model. These margins support reinvestment, dividends and buffer profitability through cyclical demand swings in heavy industrial end markets.

Very conservative balance sheet

Extremely low leverage and strong returns on equity give SinterCast financial flexibility to fund R&D, sustain dividends and weather downturns without refinancing risk. A conservative balance sheet preserves strategic optionality for partnerships or selective investment.

Strong cash conversion

High conversion of earnings into operating and free cash flow supports a repeatable ability to fund operations, services and licensing. Reliable cash conversion underpins dividend capacity and long-term sustainability of the service/licensing revenue model despite occasional timing volatility.

Negative Factors

Declining revenue trend

Revenue weakness across 2024–2025 signals softer demand or lost volumes in key end markets (automotive, foundries). For a company whose fixed costs and R&D are relatively steady, prolonged top-line decline can compress future investment capacity and slow adoption of its control systems.

Volatile free cash flow

Material FCF volatility highlights sensitivity to working capital and timing of projects or installations. This increases uncertainty around sustainable dividend funding and the ability to invest consistently in product development or international expansion over the medium term.

Limited scale & concentration

A small workforce and reliance on a few large partners create concentration and scaling risks. Losing or reduced orders from a major customer could materially affect revenue and capacity to support global sales, service and R&D compared with larger, diversified competitors.

SinterCast AB Business Overview & Revenue Model

Company Description

SinterCast AB (publ) offers process control technology and solutions for the production of compacted graphite iron (CGI) to foundry and automotive industries worldwide. It offers fully automated System 4000, which comprises a series of individual hardware modules that could be configured to suit the layout, process flow, and production volume of a foundry for ladle production and pouring furnaces; and provides hardware and software platform that allows the customers to independently control CGI series production and product development. The company also provides Mini-System 4000, a purpose-built thermal analysis system for product development, and niche volume production. In addition, it offers sampling consumables that consists of Sampling Cup and the Thermocouple Pair products; and engineering services for product development, trials, new installations and calibrations, metallurgical consultancy, and ongoing customer services. Further, the company provides SinterCast Ladle Tracker and SinterCast Cast Tracker for traceability and process optimization in foundries and other metallurgical facilities. Additionally, it offers System 4000, which is pallet-mounted, individually floor-mounted, or wall-mounted configured with multiple sampling modules to suit various foundry layouts; and System 4000 plus for automated base treatment, as well as provides technical support services. The company was founded in 1983 and is based in Stockholm, Sweden.

How the Company Makes Money

SinterCast generates revenue primarily through the sale of its measurement and control systems, which are typically sold to foundries and manufacturers looking to improve their production processes. The company charges for both the initial installation of its systems and ongoing service agreements, which include software updates and technical support. Additionally, SinterCast earns revenue from licensing its technology to partners in the industry, thereby allowing them to utilize its proprietary processes in their own operations. Significant partnerships with major automotive manufacturers and foundries also contribute to SinterCast's earnings, as they rely on the company's technology to meet stringent quality standards and improve efficiency in their production lines.

SinterCast AB Financial Statement Overview

Summary

Strong underlying quality with very high and consistent margins and an exceptionally conservative balance sheet (minimal debt and strong ROE). The score is tempered by weakening near-term trajectory, with revenue down in 2025 and softer/volatile free cash flow versus the prior year.

Income Statement

Profitability is a clear strength, with consistently high margins across 2021–2024 (gross margin ~71–73% and net margin ~23–31%). However, growth has turned choppy: revenue was nearly flat in 2024 (+0.9%) and declined in 2025 (-8.1%), with earnings also stepping down from 2023/2024 peaks—suggesting demand or volume softness despite solid pricing/premium economics.

Balance Sheet

Balance sheet is very conservative with minimal debt (debt-to-equity ~1.7% in 2024 and total debt remaining low). Returns on equity are strong (~29–37% in 2021–2024), reflecting an efficient capital base. The main watch-out is equity declining in 2025 versus 2024, but leverage remains extremely low, preserving financial flexibility.

Cash Flow

Cash generation is generally strong: free cash flow has been close to reported earnings (about 88–97% in 2023–2024), and operating cash flow has comfortably covered earnings (about 2.6–2.8x in 2023–2024). That said, cash flow is volatile—free cash flow fell sharply in 2025 (-24.5%) after a very strong 2024 (+44.9%), indicating sensitivity to working capital or timing effects.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	108.00M	135.60M	134.40M	118.70M	107.40M
Gross Profit	76.00M	98.30M	98.50M	86.80M	76.10M
EBITDA	33.00M	47.90M	49.30M	35.00M	33.30M
Net Income	24.60M	34.30M	42.10M	33.10M	32.90M
Balance Sheet
Total Assets	86.20M	124.40M	131.60M	130.50M	131.50M
Cash, Cash Equivalents and Short-Term Investments	5.20M	23.10M	12.30M	14.20M	27.50M
Total Debt	1.40M	1.70M	2.00M	3.00M	4.00M
Total Liabilities	10.10M	21.40M	18.00M	18.50M	17.60M
Stockholders Equity	76.10M	103.00M	113.60M	112.00M	113.90M
Cash Flow
Free Cash Flow	34.60M	57.80M	39.90M	23.70M	30.20M
Operating Cash Flow	35.10M	59.60M	45.50M	25.40M	33.40M
Investing Cash Flow	-500.00K	-1.80M	-5.60M	-1.70M	-3.20M
Financing Cash Flow	-52.50M	-47.00M	-41.80M	-37.10M	-29.10M

SinterCast AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 102.50
• 50DMA: Negative
• 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:SINT, the sentiment is Negative. The current price of 102.5 is above the 20-day moving average (MA) of 93.18, above the 50-day MA of 98.01, and below the 200-day MA of 105.72, indicating a bearish trend. The MACD of -2.70 indicates Positive momentum. The RSI at 34.32 is Neutral, neither overbought nor oversold. The STOCH value of 46.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SINT.

SinterCast AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SINT	74 Outperform	kr627.00M	25.48	33.31%	6.86%	-13.48%	-33.66%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SALT.B	46 Neutral	kr884.73M	-11.65	-40.77%	―	11.85%	6.39%
FLEXQ	46 Neutral	kr211.12M	-6.64	―	―	-4.14%	23.99%
IMPC	44 Neutral	kr154.15M	-2.88	―	―	―	―
OPTI	41 Neutral	kr113.61M	-1.85	―	―	140.86%	34.21%

SinterCast AB Corporate Events

SinterCast Cuts Dividend as 2025 Profit Falls but Lifts Long-Term CGI Growth Outlook

SinterCast AB, a specialist in compacted graphite iron process control for engine and industrial castings, supplies automated and mini-systems that enable high-volume CGI production for commercial vehicles, agricultural and off-road equipment, and industrial power applications worldwide. The company’s installed base spans 58 systems in 13 countries, underpinning a recurring revenue model driven by production fees, consumables and software licences.

The company reported weaker fourth-quarter and full-year 2025 figures as lower commercial vehicle demand, particularly in North America and adverse exchange rates, reduced series production and revenue, pressuring margins and dividends despite cost-cutting measures. At the same time, SinterCast secured multiple high-volume CGI programmes with new commercial vehicle and agricultural OEMs starting between 2026 and 2028, lifted its long-term production outlook to eight million Engine Equivalents by 2031, and continued to grow installation revenue, reinforcing its strategic positioning as internal-combustion-based solutions remain critical in heavy-duty transport and off-road sectors.

The most recent analyst rating on (SE:SINT) stock is a Hold with a SEK109.00 price target. To see the full list of analyst forecasts on SinterCast AB stock, see the SE:SINT Stock Forecast page.