Troax Group AB Class A (SE:TROAX)
:TROAX
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Troax Group AB Class A
(TROAX)
Select Model
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Rating:56Neutral
Price Target:
kr117.00
▼(-20.19% Downside)
Action:ReiteratedDate:04/24/26
The score is held back mainly by weakened profitability, modest free cash flow conversion, and increased leverage. Technicals are moderately supportive with positive momentum, but mixed longer-term trend signals and an elevated valuation (high P/E) limit the overall rating.
Positive Factors
Modular product & aftermarket sales
Troax's business model centers on standardized modular guarding and bespoke project deliveries plus complementary components. That mix drives recurring aftermarket and replacement demand, stabilizing revenue streams across cycles and supporting long‑term customer retention and lifetime value.
Negative Factors
Compressed net and EBIT margins
Material margin compression weakens long‑term earnings power and return on capital. If higher operating costs or non‑operating headwinds persist, the company will face constrained reinvestment capacity and lower retained earnings, making it harder to rebuild past profitability levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Modular product & aftermarket sales
Troax's business model centers on standardized modular guarding and bespoke project deliveries plus complementary components. That mix drives recurring aftermarket and replacement demand, stabilizing revenue streams across cycles and supporting long‑term customer retention and lifetime value.
Read all positive factors
Troax Group AB Class A (TROAX) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr6.30B
Dividend Yield2.57%
Average Volume (3M)60.05K
Price to Earnings (P/E)73.3
Beta (1Y)0.73
Revenue Growth-7.84%
EPS Growth-67.75%
CountrySE
Employees1,221
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.17
Shares Outstanding60,000,000
10 Day Avg. Volume129,937
30 Day Avg. Volume60,046
Financial Highlights & Ratios
PEG Ratio-1.07
Price to Book (P/B)4.65
Price to Sales (P/S)3.08
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.46
Revenue Forecast (FY)kr307.05M
Troax Group AB Class A Business Overview & Revenue Model
Company Description
Troax Group AB (publ), through its subsidiaries, produces and sells mesh panels in the Nordic region, the United Kingdom, North America, Continental Europe, and internationally. The company offers machine guarding systems, such as panels, posts, f...
How the Company Makes Money
Troax primarily makes money by selling engineered safety and security barrier systems made from metal components. Revenue is generated from (1) product sales of standardized modular systems (e.g., panels, posts, doors, and accessories) used for ma...
Troax Group AB Class A Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 266.63M | 267.32M | 278.50M | 264.27M | 284.08M | 252.28M |
| Gross Profit | 99.17M | 86.29M | 106.00M | 100.10M | 95.83M | 94.17M |
| EBITDA | 73.47M | 50.02M | 48.20M | 57.65M | 61.19M | 58.09M |
| Net Income | 10.25M | 13.75M | 31.30M | 35.71M | 36.79M | 39.78M |
Balance Sheet | ||||||
| Total Assets | 429.40M | 397.71M | 329.66M | 327.37M | 291.08M | 291.32M |
| Cash, Cash Equivalents and Short-Term Investments | 25.10M | 39.56M | 29.51M | 33.16M | 37.53M | 35.19M |
| Total Debt | 181.58M | 142.92M | 75.55M | 86.61M | 71.57M | 82.32M |
| Total Liabilities | 250.50M | 220.93M | 149.60M | 155.08M | 136.20M | 148.76M |
| Stockholders Equity | 178.90M | 176.78M | 180.10M | 172.28M | 154.88M | 142.56M |
Cash Flow | ||||||
| Free Cash Flow | 6.60M | 0.00 | 31.71M | 42.62M | 40.18M | 18.51M |
| Operating Cash Flow | 30.84M | 30.46M | 42.49M | 54.97M | 48.76M | 32.17M |
| Investing Cash Flow | -69.92M | -36.57M | -16.17M | -45.07M | -13.17M | -14.58M |
| Financing Cash Flow | 42.75M | 16.91M | -29.89M | -14.28M | -32.42M | -15.27M |
Troax Group AB Class A Technical Analysis
Neutral
146.60
Price Trends
98.77
Positive
121.41
Negative
131.47
Negative
Market Momentum
2.59
Negative
71.07
Negative
91.19
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TROAX, the sentiment is Neutral. The current price of 146.6 is above the 20-day moving average (MA) of 99.66, above the 50-day MA of 98.77, and above the 200-day MA of 131.47, indicating a neutral trend. The MACD of 2.59 indicates Negative momentum. The RSI at 71.07 is Negative, neither overbought nor oversold. The STOCH value of 91.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:TROAX.
Troax Group AB Class A Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr224.60B | 27.89 | 20.42% | 1.84% | 0.90% | 6.26% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | kr2.25B | 22.38 | ― | 1.51% | -5.71% | -24.91% | |
61 Neutral | kr11.54B | 19.26 | 9.59% | 2.09% | -4.27% | -16.12% | |
60 Neutral | kr12.71B | 22.92 | 12.07% | 1.33% | -5.65% | -16.37% | |
56 Neutral | kr6.30B | 73.30 | 12.49% | 2.57% | -7.84% | -67.75% | |
53 Neutral | kr4.28B | 26.49 | ― | 2.41% | -4.65% | -17.02% |
* Industrials Sector Average
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Troax Group AB Class A Corporate Events
Troax AGM Approves Dividend, Share Buyback Mandate and New Executive Option Program
Apr 22, 2026
Troax Group AB’s annual general meeting in Hillerstorp approved the 2025 accounts, set a dividend of EUR 0.24 per share, and granted discharge of liability to the board and CEO. Shareholders re-elected all six board members, confirmed Anders...
Troax Highlights Global Scale in Interim 2026 Safety Report
Apr 21, 2026
Troax Group AB, based in Hillerstorp, Sweden, is a global leader in safety systems for industrial manufacturing, warehouse management and storage, serving customers in over 40 countries. With around 1,400 employees and a listing on Nasdaq Stockhol...
Troax Q1 2026: Acquisitions Lift Orders as Profit Hit by Weak Demand and One-Off Costs
Apr 21, 2026
Troax Group AB, a global provider of industrial indoor safety solutions, reported mixed first-quarter 2026 results amid a weak but slightly improving market environment. The company, which supplies protective systems for people, property and proce...
Troax Group Names Robert Burning as New CFO to Support Growth Agenda
Apr 13, 2026
Troax Group, the Sweden‑based global supplier of industrial indoor safety solutions, has named Robert Burning as its new Chief Financial Officer, succeeding outgoing CFO Anders Eklöf by no later than 1 October 2026. Burning brings a sol...
Troax to Present First-Quarter 2026 Results in Online Investor Webinar
Apr 9, 2026
Troax Group, a Swedish-listed specialist in industrial indoor safety solutions, serves customers in about 40 countries with products designed to protect people, property and processes. With roughly 1,600 employees and 2025 net sales of EUR 262 mil...
Troax Group Reports Challenging 2025 but Claims Stronger Platform for Future Growth
Apr 1, 2026
Troax Group has released its Annual and Sustainability Report for 2025, detailing a year marked by weak demand and a challenging market environment that weighed on both sales and profitability. Despite the downturn, the company, which supplies saf...
Troax Group Calls 2026 AGM and Outlines Governance, Board and Fee Proposals
Mar 23, 2026
Troax Group AB has called its Annual General Meeting for April 22, 2026, to be held at the company’s offices in Hillerstorp, with shareholders required to be registered with Euroclear Sweden and to notify the company in advance to participat...
Troax names Group Controller interim CFO amid planned leadership transition
Feb 25, 2026
Troax Group AB, the Swedish-headquartered specialist in indoor perimeter protection for industrial and warehousing sites, operates in 40 countries and serves customers with safety solutions that safeguard people, assets and production processes. W...
Troax Hit by Weak Demand and One-Offs in 2025 but Banks on Acquisitions and Factory Moves for Recovery
Feb 5, 2026
Troax Group reported weaker fourth-quarter and full-year 2025 results, with order intake and sales down 5–6% and EBITA margin falling to 13.8% for the year, hit by soft demand, especially in the automotive sector, operational issues in North...
Troax Brings Polish Production Back to Sweden in Automation-Driven Reshoring Move
Jan 29, 2026
Troax is relocating its warehouse product manufacturing from Poland to its highly automated facility in Värnamo, Sweden, countering the broader offshoring trend in European industry. The six‑month move, involving 48 truckloads and 69 em...
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.