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Troax Group AB Class A
(TROAX)
Select Model
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Rating:56Neutral
Price Target:
kr100.00
▼(-31.79% Downside)
Action:Reiterated
Date: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
Industrial product franchise
Troax’s core offering is modular steel mesh systems sold into manufacturing, warehouses and automation projects. That product-platform model creates repeat project and retrofit demand across structural logistics and automation investment cycles, supporting durable order flow and channel stickiness.
Negative Factors
Rising leverage
Debt rising toward ~182M TTM from ~143M materially increases financial leverage and reduces flexibility. With margins compressed and returns weakening, higher debt raises refinancing, interest coverage and strategic risk, limiting capacity to invest or absorb cyclical slowdowns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Industrial product franchise
Troax’s core offering is modular steel mesh systems sold into manufacturing, warehouses and automation projects. That product-platform model creates repeat project and retrofit demand across structural logistics and automation investment cycles, supporting durable order flow and channel stickiness.
Read all positive factors
Troax Group AB Class A (TROAX) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr5.90B
Dividend Yield2.57%
Average Volume (3M)60.05K
Price to Earnings (P/E)51.2
Beta (1Y)0.75
Revenue Growth-7.84%
EPS Growth-67.75%
CountrySE
Employees1,400
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
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 Ratio34.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr120.00Price Target Upside-18.14% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.44
Revenue Forecast (FY)kr307.51M
Troax Group AB Class A Business Overview & Revenue Model
Company Description
Troax Group AB (publ) operates globally through its subsidiaries, specializing in the manufacturing and distribution of mesh panel solutions across the Nordic region, the United Kingdom, North America, and Continental Europe. The company delivers ...
How the Company Makes Money
Troax primarily makes money by selling engineered mesh panel systems and associated components for safety and security applications in industrial and logistics settings. Its core revenue stream comes from product sales of modular solutions such as...
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 | 15.90M | 24.02M | 31.71M | 42.62M | 40.18M | 18.51M |
| Operating Cash Flow | 30.84M | 35.19M | 42.49M | 54.97M | 48.76M | 32.17M |
| Investing Cash Flow | -69.92M | -41.06M | -16.17M | -45.07M | -13.17M | -14.58M |
| Financing Cash Flow | 42.75M | 16.70M | -29.89M | -14.28M | -32.42M | -15.27M |
Troax Group AB Class A Technical Analysis
Negative
146.60
Price Trends
106.95
Negative
102.91
Negative
119.44
Negative
Market Momentum
-2.05
Positive
33.17
Neutral
24.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TROAX, the sentiment is Negative. The current price of 146.6 is above the 20-day moving average (MA) of 104.30, above the 50-day MA of 106.95, and above the 200-day MA of 119.44, indicating a bearish trend. The MACD of -2.05 indicates Positive momentum. The RSI at 33.17 is Neutral, neither overbought nor oversold. The STOCH value of 24.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | kr231.13B | 28.53 | 20.42% | 1.84% | 0.90% | 6.26% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | kr12.39B | 18.06 | 12.07% | 1.33% | -5.65% | -16.37% | |
62 Neutral | kr2.30B | 28.31 | ― | 1.51% | -5.71% | -24.91% | |
61 Neutral | kr12.19B | 21.30 | 9.59% | 2.09% | -4.27% | -16.12% | |
56 Neutral | kr5.90B | 51.17 | 12.49% | 2.57% | -7.84% | -67.75% | |
53 Neutral | kr4.48B | 17.27 | ― | 2.41% | -4.65% | -17.02% |
* Industrials Sector Average
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Troax Group AB Class A Corporate Events
Troax Highlights Global Leadership and Innovation in Industrial Safety
Jul 15, 2026
Troax Group AB, headquartered in Hillerstorp, Sweden, continues to position itself as a leading industrial safety specialist with a broad product and service offering and a strong international footprint. By embedding safety solutions into industr...
Troax Group Boosts North American Capacity With New Automated Tennessee Plant
Jul 7, 2026
Troax Group AB has opened a 300,000-square-foot, highly automated production facility in Portland, Tennessee, giving North American customers access to the full range of Troax and Folding Guard safety solutions from a single site. The plant consol...
Troax Group Sets July Date for Q2 2026 Results and Investor Webcast
Jul 3, 2026
Troax Group will publish its report for the second quarter of 2026 on 15 July at 08:00 CEST and follow up with a webcast presentation at 11:00 CEST, led by President and CEO Martin Nyström. The English-language webcast will include a QA sessi...
Troax Unveils Fully Recycled Machine Guarding Solution to Cut Emissions
May 15, 2026
Troax has introduced Smart Fix Re:Cycled, described as the world’s first fully recycled machine guarding mesh panel, made from recycled and low-emission steel, recycled plastic top caps, and recycled powder coating. The solution, initially l...
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...
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.