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Storskogen Group AB Class B (SE:STOR.B)
:STOR.B

Storskogen Group AB Class B (STOR.B) AI Stock Analysis

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SE:STOR.B

Storskogen Group AB Class B

(STOR.B)

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Neutral 58 (OpenAI - 5.2)
Rating:58Neutral
Price Target:
kr11.00
▼(-2.91% Downside)
Overall score reflects stable fundamentals (improving profitability, manageable leverage, and solid cash conversion) offset by weak technical momentum (trading below key moving averages with subdued RSI/MACD). Valuation is moderate, with a low dividend yield offering limited support.
Positive Factors
Improving profitability
Margin recovery signals durable operational improvement across the owned portfolio. Higher gross and net margins increase internally generated earnings and cash, supporting reinvestment, bolt-on acquisitions and value creation without sole reliance on financial engineering.
Manageable leverage
A moderate debt-to-equity ratio and near-50% equity base provide financial flexibility for a buy-and-hold acquirer model. This balance sheet strength reduces refinancing risk, enables selective bolt-on deals and cushions portfolio companies during downturns.
Strong cash conversion
High conversion of profits into free cash flow and positive FCF growth underpin sustainable capital allocation. Reliable cash generation funds acquisitions, debt servicing and operational investments, making the holding model more resilient over economic cycles.
Negative Factors
Revenue growth weakness
Persistent top-line contraction undermines scalability of the platform model and limits margin leverage from operating improvements. Without renewed organic growth or successful add-ons, revenue weakness can cap earnings growth and reduce long-term value creation.
Modest return on equity
Low ROE indicates limited effectiveness in converting invested equity into profits across the portfolio. Over time this constrains shareholder value creation versus peers and suggests either conservative deployment or a need for stronger operational uplift or higher-return acquisitions.
Moderate operating margins
Subdued operating margins limit the group's capacity to absorb shocks, fund growth and generate higher returns from acquired businesses. For a buy-and-build strategy, sustained margin expansion across subsidiaries is essential; otherwise profitability growth will remain constrained.

Storskogen Group AB Class B (STOR.B) vs. iShares MSCI Sweden ETF (EWD)

Storskogen Group AB Class B Business Overview & Revenue Model

Company DescriptionStorskogen Group AB (publ) acquires and operates companies in areas, such as installation, logistics, infrastructure, engineering services, digital services, HR and competence, industrial technology, automation, and products solutions. The company was founded in 2012 and is based in Stockholm, Sweden.
How the Company Makes MoneyStorskogen generates revenue primarily through the acquisition and management of its portfolio companies. The company's revenue model is based on the performance of these SMEs, which contribute to the overall earnings through their individual operations. Key revenue streams include sales from the various businesses within its portfolio, as well as potential dividends and capital gains upon the eventual sale or restructuring of these companies. Storskogen's investment strategy often involves partnerships with founders and entrepreneurs, which can lead to shared success and enhanced profitability. Additionally, the company benefits from economies of scale and operational synergies across its diverse holdings, contributing to its financial performance.

Storskogen Group AB Class B Financial Statement Overview

Summary
Financials are stable but not strong: revenue growth is slightly negative (-2.7%) while profitability has improved (net margin 2.95% from negative). Leverage is manageable (debt-to-equity 0.55) with a solid equity ratio (48.6%), and cash conversion is supportive (FCF to net income 0.82) alongside modest FCF growth (5.19%).
Income Statement
65
Positive
The income statement shows a mixed performance. The TTM data indicates a slight decline in revenue growth at -2.7%, but gross profit margins have improved to 22.2%. Net profit margin has also improved to 2.95% from a negative margin in the previous year. However, the EBIT and EBITDA margins are moderate at 7.33% and 11.35%, respectively, suggesting room for operational efficiency improvements.
Balance Sheet
70
Positive
The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.55, which is reasonable for the asset management industry. The return on equity (ROE) is modest at 4.77%, indicating moderate profitability. The equity ratio stands at 48.6%, showing a solid equity base relative to total assets, which enhances financial stability.
Cash Flow
68
Positive
Cash flow analysis reveals a positive trend with a 5.19% growth in free cash flow. The operating cash flow to net income ratio is 0.30, indicating decent cash generation relative to net income. The free cash flow to net income ratio is strong at 0.82, suggesting efficient cash conversion from profits.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue32.97B34.18B36.01B34.25B17.50B8.93B
Gross Profit6.17B6.44B7.32B6.78B3.70B1.80B
EBITDA3.70B4.16B4.24B4.36B2.29B1.17B
Net Income1.06B-52.00M778.00M1.44B856.00M542.00M
Balance Sheet
Total Assets42.32B43.18B44.17B47.48B32.22B12.00B
Cash, Cash Equivalents and Short-Term Investments1.15B1.90B1.56B3.02B6.17B2.61B
Total Debt11.33B11.60B12.28B15.08B7.55B4.11B
Total Liabilities21.75B22.37B23.73B27.85B15.63B6.74B
Stockholders Equity20.56B20.81B20.43B19.59B16.56B4.91B
Cash Flow
Free Cash Flow2.68B2.32B2.53B900.00M944.00M596.00M
Operating Cash Flow2.98B3.10B3.36B1.63B1.38B814.00M
Investing Cash Flow-1.26B-1.12B-965.00M-9.80B-7.46B-2.83B
Financing Cash Flow-1.83B-1.67B-3.88B4.94B10.37B2.16B

Storskogen Group AB Class B Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price11.33
Price Trends
50DMA
11.31
Negative
100DMA
10.64
Positive
200DMA
10.95
Positive
Market Momentum
MACD
-0.08
Positive
RSI
46.74
Neutral
STOCH
27.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:STOR.B, the sentiment is Neutral. The current price of 11.33 is below the 20-day moving average (MA) of 11.46, above the 50-day MA of 11.31, and above the 200-day MA of 10.95, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 46.74 is Neutral, neither overbought nor oversold. The STOCH value of 27.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:STOR.B.

Storskogen Group AB Class B Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
kr12.74B15.436.59%3.70%-22.65%-14.05%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
63
Neutral
kr9.52B7.8512.47%2.18%4.72%-38.28%
62
Neutral
kr7.53B37.2715.16%11.30%-14.49%
58
Neutral
kr18.53B17.395.21%0.88%-4.70%
53
Neutral
kr16.24B-2.92-23.18%1.13%22.38%-153.85%
46
Neutral
kr20.51B157.430.33%-97.64%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:STOR.B
Storskogen Group AB Class B
11.12
-0.64
-5.45%
SE:KINV.B
Kinnevik AB
70.48
-17.00
-19.43%
SE:RATO.B
Ratos AB
38.74
5.65
17.07%
SE:CRED.A
Creades AB
69.90
-6.73
-8.78%
SE:BURE
Bure Equity AB
212.40
-180.35
-45.92%
SE:MCAP
MedCap AB
490.50
82.50
20.22%

Storskogen Group AB Class B Corporate Events

Storskogen Nominates Adam Parker to Join Board of Directors in 2026
Jan 29, 2026

Storskogen’s Nomination Committee has proposed Adam Parker, founder of Trivariate Research LP and a seasoned financial markets executive with prior leadership roles at Eminence Capital, Morgan Stanley and Sanford C. Bernstein, as a new member of the Board of Directors at the company’s Annual General Meeting scheduled for 6 May 2026 in Stockholm, replacing current board member Robert Belkic, who has declined re-election. The committee, chaired by Liv Gorosch and comprising representatives of major shareholders including AMF and Swedbank Robur, highlighted Parker’s international experience in risk management, strategy and financial markets as an asset to support Storskogen’s continued growth and development, while a more detailed presentation of his background will be made available ahead of the meeting.

The most recent analyst rating on ($SE:STOR.B) stock is a Buy with a SEK12.50 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.

Storskogen Completes SEK 100 Million Class B Share Buyback Programme
Jan 15, 2026

Storskogen has completed its previously announced share buyback programme for its own Class B shares, repurchasing 8,865,000 shares for a total of approximately SEK 100 million under the mandate granted by the 2025 Annual General Meeting. Following the completion of the programme, Storskogen holds 8,865,000 Class B shares out of a total of 1,686,725,219 shares outstanding, a move that signals capital allocation towards enhancing shareholder value and may have implications for the company’s capital structure and earnings per share going forward.

The most recent analyst rating on ($SE:STOR.B) stock is a Buy with a SEK12.50 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.

Storskogen Confirms Chris Pullen as Permanent Head of UK Operations
Jan 14, 2026

Storskogen has appointed Chris Pullen as Executive Vice President and permanent Managing Director of Storskogen UK, formalising a leadership role he has held on an interim basis since May 2025. Pullen, who joined the company as Investment Director in 2022 and chairs the boards of five business units, brings extensive CEO experience from UK-focused roles at APCOA Parking UK, idverde UK and Staffline Group, a background that Storskogen’s CEO Christer Hansson says will underpin the continued development and value creation of the group’s UK operations.

The most recent analyst rating on ($SE:STOR.B) stock is a Buy with a SEK12.50 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.

Storskogen Promotes SoVent Chief Jesper Kronstrand to Head of Business Area Services
Jan 8, 2026

Storskogen has appointed Jesper Kronstrand as the new Head of its Business Area Services and member of the Executive Management Team, succeeding Peter Ahlgren, who is stepping back from operational duties but will remain involved through selected board roles and as Senior Advisor during a structured transition. Kronstrand, who has led Storskogen’s SoVent Group since 2018 and driven strong organic growth, profitability and acquisitions there, will initially stay on at SoVent to ensure continuity, and his internal promotion underscores Storskogen’s strategy of nurturing leadership from within to support continued expansion and development of its services operations.

The most recent analyst rating on ($SE:STOR.B) stock is a Hold with a SEK12.50 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.

Storskogen Adjusts Share Structure After Conversion of Class A to Class B Shares
Dec 30, 2025

Storskogen Group AB has updated its share and vote structure, reporting a total of 1,686,725,219 shares outstanding as of 30 December 2025, comprising 125,001,374 Class A shares and 1,561,723,845 Class B shares, corresponding to 2,811,737,585 votes, with the company holding 8,065,000 of its own Class B shares. The change in the capital structure stems from the conversion of 7,000,000 Class A shares into Class B shares under its articles of association, a move formally registered with the Swedish Companies Registration Office on 23 December 2025, and reflects ongoing adjustments to the company’s share class mix that may influence ownership dynamics and voting power distribution among shareholders.

The most recent analyst rating on ($SE:STOR.B) stock is a Hold with a SEK12.50 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.

Storskogen Group AB to List Bonds on Nasdaq Stockholm
Nov 14, 2025

Storskogen Group AB has issued senior unsecured bonds worth SEK 1,000 million under a SEK 2,000 million framework. The company has applied for these bonds to be traded on Nasdaq Stockholm, with the Swedish Financial Supervisory Authority approving the listing prospectus. Trading is expected to commence around 18 November 2025. This move is part of Storskogen’s strategy to enhance its financial flexibility and strengthen its market position, potentially impacting stakeholders by providing increased liquidity and investment opportunities.

The most recent analyst rating on ($SE:STOR.B) stock is a Buy with a SEK12.50 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.

Storskogen Announces Management Transition as Peter Ahlgren Becomes Senior Advisor
Nov 5, 2025

Storskogen Group AB has announced a change in its management team, with Peter Ahlgren transitioning from his role as Head of Business Area Services to become a Senior Advisor. Ahlgren, who joined the company in 2014, has been pivotal in Storskogen’s growth from a few business units to an international group. His leadership has significantly contributed to the company’s expansion, and he will continue to support Storskogen’s development in an advisory capacity.

The most recent analyst rating on ($SE:STOR.B) stock is a Hold with a SEK10.50 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.

Storskogen Group AB Reports Stable Q3 2025 Performance and Strategic Growth Initiatives
Nov 5, 2025

Storskogen Group AB reported stable financial performance for the third quarter of 2025, with net sales remaining steady and a slight decrease in adjusted EBITA. The company completed several acquisitions, enhancing its growth potential, and initiated share buybacks to optimize capital structure. Despite ongoing market uncertainties, Storskogen is well-positioned for future growth, supported by strong cash flow and strategic investments.

The most recent analyst rating on ($SE:STOR.B) stock is a Hold with a SEK10.50 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.

Storskogen Expands Nordic Leadership with Frameda Acquisition
Nov 5, 2025

Storskogen Group AB has acquired a majority stake in Frameda Oy, a Helsinki-based distributor and brand partner in professional haircare, to strengthen its Nordic leadership. This acquisition is expected to enhance Storskogen’s presence in Finland and aligns with its health and well-being investment theme, complementing its existing operations in Sweden, Norway, Denmark, and Switzerland. The acquisition is anticipated to have a marginally positive impact on Storskogen’s earnings and EBITA margin, while Frameda will continue to operate under its current brand and management.

The most recent analyst rating on ($SE:STOR.B) stock is a Hold with a SEK10.50 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.

Storskogen Group AB Announces SEK 100 Million Share Buyback Plan
Nov 5, 2025

Storskogen Group AB has announced a decision to repurchase its own Class B shares up to a maximum of SEK 100 million, authorized by the 2025 Annual General Meeting. This move aims to optimize the company’s capital structure and enhance shareholder value. The repurchase will be conducted on Nasdaq Stockholm, with the company ensuring it does not exceed holding 10% of its total shares. This strategic initiative is supported by Storskogen’s strong cash flows, robust balance sheet, and ample liquidity, indicating a focus on long-term shareholder value.

The most recent analyst rating on ($SE:STOR.B) stock is a Hold with a SEK10.50 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.

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.Date of analysis: Jan 30, 2026