Systemair AB (SE:SYSR)
:SYSR
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Systemair AB
(SYSR)
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Rating:58Neutral
Price Target:
kr79.00
â–¼(-6.40% Downside)
Action:ReiteratedDate:03/08/26
The score is primarily supported by a strong, low-leverage balance sheet and steady profitability, but is held back by weak free cash flow/cash conversion. Technicals are also unfavorable with the stock trading below key moving averages and negative momentum, and valuation looks demanding given the high P/E with only a modest dividend yield.
Positive Factors
Balance Sheet Strength
Systemair's very low debt-to-equity (~0.10) and healthy equity base provide durable financial flexibility. That conservatism reduces refinancing and solvency risk across cycles, enabling sustained investment in product development, targeted capex or opportunistic M&A without stressing the balance sheet.
Negative Factors
Weak Cash Conversion & Free Cash Flow
Operating cash covers only about half of reported net income and free cash flow is very small (~0.10B, ~0.08x net income). Poor cash conversion constrains capital allocation flexibility, limiting the company's ability to fund capex, dividends or acquisitions without tapping reserves or increasing leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Systemair's very low debt-to-equity (~0.10) and healthy equity base provide durable financial flexibility. That conservatism reduces refinancing and solvency risk across cycles, enabling sustained investment in product development, targeted capex or opportunistic M&A without stressing the balance sheet.
Read all positive factors
Systemair AB (SYSR) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr15.50B
Dividend Yield1.55%
Average Volume (3M)92.30K
Price to Earnings (P/E)34.4
Beta (1Y)0.83
Revenue Growth2.11%
EPS Growth13.90%
CountrySE
Employees6,638
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)0.63
Shares Outstanding208,000,000
10 Day Avg. Volume124,150
30 Day Avg. Volume92,295
Financial Highlights & Ratios
PEG Ratio4.58
Price to Book (P/B)2.97
Price to Sales (P/S)1.39
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr100.00Price Target Upside18.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.84
Revenue Forecast (FY)kr12.27B
Systemair AB Business Overview & Revenue Model
Company Description
Systemair AB (publ), a ventilation company, engages in the manufacture and sale of ventilation products in Europe, the United States, the Middle East, Asia, Australia, Africa, and internationally. The company offers heating products, including con...
How the Company Makes Money
Systemair AB generates revenue primarily through the sale of its extensive range of ventilation products and systems. The company's revenue model focuses on direct sales to various sectors, including residential, commercial, and industrial markets...
Systemair AB Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
84
Very Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.23B | 12.30B | 12.26B | 12.06B | 9.63B | 8.52B |
| Gross Profit | 4.50B | 4.46B | 4.21B | 4.11B | 3.32B | 2.96B |
| EBITDA | 1.31B | 1.48B | 1.38B | 1.79B | 1.14B | 945.80M |
| Net Income | 691.80M | 680.70M | 645.60M | 1.04B | 543.90M | 406.20M |
Balance Sheet | ||||||
| Total Assets | 9.37B | 9.37B | 9.79B | 9.63B | 8.47B | 6.96B |
| Cash, Cash Equivalents and Short-Term Investments | 459.70M | 426.00M | 419.30M | 343.80M | 339.30M | 321.70M |
| Total Debt | 1.28B | 1.29B | 1.46B | 1.84B | 2.38B | 1.79B |
| Total Liabilities | 3.63B | 3.61B | 4.14B | 4.36B | 4.62B | 3.63B |
| Stockholders Equity | 5.73B | 5.76B | 5.65B | 5.27B | 3.82B | 3.31B |
Cash Flow | ||||||
| Free Cash Flow | 104.50M | 0.00 | 922.00M | 225.20M | -107.50M | 551.50M |
| Operating Cash Flow | 1.35B | 1.18B | 1.33B | 587.70M | 235.20M | 993.90M |
| Investing Cash Flow | -663.60M | -473.70M | -389.70M | 318.60M | -515.90M | -448.30M |
| Financing Cash Flow | -542.70M | -614.20M | -898.10M | -959.50M | 274.90M | -557.20M |
Systemair AB Technical Analysis
Negative
84.40
Price Trends
79.36
Negative
81.17
Negative
83.44
Negative
Market Momentum
-2.31
Negative
40.61
Neutral
60.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SYSR, the sentiment is Negative. The current price of 84.4 is above the 20-day moving average (MA) of 71.60, above the 50-day MA of 79.36, and above the 200-day MA of 83.44, indicating a bearish trend. The MACD of -2.31 indicates Negative momentum. The RSI at 40.61 is Neutral, neither overbought nor oversold. The STOCH value of 60.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SYSR.
Systemair AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | kr8.89B | 20.20 | 11.66% | 2.67% | -3.68% | -48.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | kr12.08B | 25.44 | 9.59% | 2.09% | -1.74% | 26.36% | |
58 Neutral | kr15.50B | 34.37 | 11.96% | 1.55% | 2.11% | 13.90% | |
57 Neutral | kr12.37B | 21.04 | 7.36% | 2.61% | -1.96% | -19.69% | |
57 Neutral | kr21.38B | 14.91 | ― | 4.22% | -4.21% | 10.63% | |
45 Neutral | kr80.20B | 31.54 | 9.65% | 0.86% | -0.69% | 269.86% |
* Industrials Sector Average
SE:SYSR
Systemair AB
74.50
7.15
10.62%
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25.05%
SE:ALIG
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2.70%
SE:BRAV
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30.88%
Systemair AB Corporate Events
Systemair Maintains Margin Strength Despite Currency-Driven Sales Decline
Mar 5, 2026
Systemair reported a weaker third quarter for 2025/26, with net sales down 5.9 percent to SEK 2,862 million, mainly due to negative currency effects, while organic growth was slightly positive at 1.0 percent. Despite lower sales, operating profit ...
Systemair Sets March 5 Date for Q3 2025/26 Report and Investor Call
Feb 26, 2026
Systemair AB, a global provider of ventilation and indoor climate solutions, sells energy‑efficient systems under brands such as Systemair, Frico, Fantech and Menerga. With operations spanning 51 countries and SEK 12.3 billion in annual sale...
Systemair Reshapes Nomination Committee Ahead of 2026 AGM
Feb 24, 2026
Systemair AB has adjusted the composition of its nomination committee after its third-largest shareholder, ebm-papst AB, declined to take its designated seat. The fourth-largest shareholder, Swedbank Robur Fonder, has instead joined the committee,...
Systemair’s New CEO Robert Larsson Takes Helm with Ambitious Growth Target
Jan 2, 2026
Systemair has announced that Robert Larsson today formally assumes the role of President and CEO, succeeding Roland Kasper, who led the company since 2015. Larsson, who has spent recent months familiarising himself with the group, emphasised Syste...
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.