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Systemair AB
(SYSR)
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Rating:69Neutral
Price Target:
kr92.00
▲(9.00% Upside)
Action:Reiterated
Date:06/17/26
The score is driven primarily by solid fundamentals (revenue growth and a strengthening, low-leverage balance sheet) offset by weak and inconsistent cash flow conversion. Technicals are supportive with strong trend and momentum, while valuation (P/E ~23 with a modest ~1.6% yield) is a mild headwind.
Positive Factors
Multi-year revenue uptrend
A steady multi-year revenue increase to 12.5B indicates durable market demand and successful product penetration across segments. That scale supports fixed-cost absorption, pricing leverage, and continued investment in R&D and distribution, underpinning sustainable cash generation potential over the medium term.
Negative Factors
Weak cash conversion vs. earnings
Consistently low conversion of reported earnings into operating cash constrains the firm's ability to fund investments, dividends, or debt reduction from operating results alone. This gap raises sensitivity to working-capital swings and makes capital allocation more dependent on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue uptrend
A steady multi-year revenue increase to 12.5B indicates durable market demand and successful product penetration across segments. That scale supports fixed-cost absorption, pricing leverage, and continued investment in R&D and distribution, underpinning sustainable cash generation potential over the medium term.
Read all positive factors
Systemair AB (SYSR) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr16.85B
Dividend Yield1.55%
Average Volume (3M)92.30K
Price to Earnings (P/E)22.1
Beta (1Y)0.87
Revenue Growth1.64%
EPS Growth12.06%
CountrySE
Employees6,638
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)3.67
Shares Outstanding208,000,000
10 Day Avg. Volume124,150
30 Day Avg. Volume92,295
Financial Highlights & Ratios
PEG Ratio1.58
Price to Book (P/B)2.41
Price to Sales (P/S)1.18
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)4.61
Revenue Forecast (FY)kr13.11B
Systemair AB Business Overview & Revenue Model
Company Description
Systemair AB (publ), a Swedish-based ventilation specialist, is globally active in the development, manufacturing, and distribution of a comprehensive range of air handling and climate control solutions. Its operations span diverse international m...
How the Company Makes Money
Systemair primarily makes money by selling ventilation equipment and indoor climate products to building and HVAC markets. Its core revenue stream is product sales—such as air handling units and other ventilation units, fans, and air distribution ...
Systemair AB Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
78
Positive
Cash Flow
56
Neutral
| Breakdown | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.50B | 12.30B | 12.26B | 12.06B | 9.63B |
| Gross Profit | 4.59B | 4.46B | 4.21B | 4.11B | 3.32B |
| EBITDA | 1.56B | 1.48B | 1.38B | 1.79B | 1.14B |
| Net Income | 760.80M | 680.70M | 645.60M | 1.04B | 543.90M |
Balance Sheet | |||||
| Total Assets | 9.89B | 9.37B | 9.79B | 9.63B | 8.47B |
| Cash, Cash Equivalents and Short-Term Investments | 426.80M | 426.00M | 419.30M | 343.80M | 339.30M |
| Total Debt | 1.29B | 1.29B | 1.46B | 1.84B | 2.38B |
| Total Liabilities | 3.77B | 3.61B | 4.14B | 4.36B | 4.62B |
| Stockholders Equity | 6.11B | 5.76B | 5.65B | 5.27B | 3.82B |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 1.18B | 922.00M | 225.20M | -107.50M |
| Operating Cash Flow | 1.16B | 1.18B | 1.33B | 587.70M | 235.20M |
| Investing Cash Flow | -668.30M | -473.70M | -389.70M | 318.60M | -515.90M |
| Financing Cash Flow | -483.60M | -614.20M | -898.10M | -959.50M | 274.90M |
Systemair AB Technical Analysis
Positive
84.40
Price Trends
76.36
Positive
77.06
Positive
79.39
Positive
Market Momentum
1.19
Positive
59.04
Neutral
32.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SYSR, the sentiment is Positive. The current price of 84.4 is above the 20-day moving average (MA) of 79.27, above the 50-day MA of 76.36, and above the 200-day MA of 79.39, indicating a bullish trend. The MACD of 1.19 indicates Positive momentum. The RSI at 59.04 is Neutral, neither overbought nor oversold. The STOCH value of 32.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | kr16.85B | 22.07 | 11.96% | 1.55% | 1.64% | 12.06% | |
68 Neutral | kr10.07B | 26.01 | 11.66% | 2.67% | 0.30% | 28.26% | |
68 Neutral | kr25.63B | 20.59 | ― | 4.22% | -3.08% | 14.91% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | kr10.08B | 14.07 | 7.36% | 2.61% | -5.58% | 110.36% | |
61 Neutral | kr12.66B | 21.97 | 9.59% | 2.09% | -4.27% | -16.12% | |
52 Neutral | kr72.78B | 30.59 | 9.65% | 0.86% | 0.29% | -1.32% |
* Industrials Sector Average
SE:SYSR
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Systemair AB Corporate Events
Systemair lifts profitability and dividend on solid organic growth in 2025/26
Jun 10, 2026
Systemair reported solid performance for its 2025/26 financial year, with organic growth of 6.1% and net sales up 1.6% to SEK 12.5 billion despite a significant negative currency effect. Adjusted operating profit improved to SEK 1.17 billion, lift...
Systemair Wins Malmö Aquatic Centre Deal With Pioneering CO₂ Pool Technology
Jun 10, 2026
Systemair, a global ventilation specialist, is expanding its footprint in sustainable aquatic facilities through an advanced project at the new Heleneholm swimming complex in Malmö. The company, which markets products under several brands inc...
Systemair Showcases Expanded Ventilation and Fire Safety Portfolio at Nordbygg 2026
Apr 21, 2026
Systemair is a leading Stockholm‑listed ventilation specialist whose comprehensive range spans individual components to integrated air handling solutions, backed by a long record of profitable growth and a global footprint across 51 markets....
Systemair to Showcase Integrated HVAC Innovations at MCE 2026 in Milan
Mar 23, 2026
Systemair Group will use the 2026 Mostra Convegno Expocomfort trade fair in Milan to showcase its integrated ventilation, heating and cooling portfolio, positioning ventilation as the core of sustainable air treatment and building performance. The...
Systemair Founder Boosts Stake as Principal Owner Tightens Grip
Mar 19, 2026
Systemair AB, a global ventilation specialist, delivers energy-efficient indoor climate solutions under brands including Systemair, Frico, Fantech and Menerga, with operations spanning 51 countries and a workforce of roughly 6,700 employees. The c...
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.