Vestum AB (SE:VESTUM)
:VESTUM
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Vestum AB
(VESTUM)
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Rating:62Neutral
Price Target:
kr17.00
▲(101.42% Upside)
Action:Reiterated
Date:06/12/26
The score is driven primarily by strong technical momentum (price well above key moving averages with positive MACD). This is tempered by weaker financial performance due to ongoing losses and margin compression, while positive free cash flow and manageable leverage provide partial support. Valuation is hard to assess because earnings are negative and no dividend yield is provided.
Positive Factors
Cash generation
Sustained positive operating and free cash flow gives the group durable internal funding for capex, working capital and debt service. For a buy-and-build model, reliable FCF enables bolt-on acquisitions and integration funding without immediate reliance on external equity or refinancing.
Negative Factors
Persistent net losses
Ongoing net losses erode returns to shareholders and limit retained earnings available for reinvestment. Continued negative bottom-line results make funding growth reliant on cash reserves or external capital, raising execution risk for the group's acquisition-led strategy if profitability does not recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained positive operating and free cash flow gives the group durable internal funding for capex, working capital and debt service. For a buy-and-build model, reliable FCF enables bolt-on acquisitions and integration funding without immediate reliance on external equity or refinancing.
Read all positive factors
Vestum AB (VESTUM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr5.93B
Dividend YieldN/A
Average Volume (3M)361.44K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth-21.25%
EPS Growth-1647.05%
CountrySE
Employees1,257
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.98
Shares Outstanding375,809,480
10 Day Avg. Volume274,035
30 Day Avg. Volume361,435
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)0.94
Price to Sales (P/S)0.88
P/FCF Ratio14.43
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)0.84
Revenue Forecast (FY)kr3.90B
Vestum AB Business Overview & Revenue Model
Company Description
Vestum AB (publ) engages in the infrastructure, water, and service businesses in Sweden and internationally. The company’s Infrastructure segment offers specialised work on railway, water and sewage, and other infrastructure comprising railway ser...
How the Company Makes Money
Vestum makes money primarily by generating revenue through its operating subsidiaries, which sell services and, where applicable, related materials/components to professional customers. Key revenue streams typically include (1) project-based contr...
Vestum AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
55
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.70B | 3.78B | 4.42B | 5.76B | 6.93B | 1.05B |
| Gross Profit | 1.51B | 1.97B | 2.16B | 2.69B | 3.17B | 654.00M |
| EBITDA | 576.00M | 542.00M | 674.00M | 836.00M | 773.00M | 165.00M |
| Net Income | -366.00M | -137.00M | -374.00M | -374.00M | 141.00M | 3.00M |
Balance Sheet | ||||||
| Total Assets | 6.46B | 6.76B | 7.63B | 8.38B | 9.95B | 8.32B |
| Cash, Cash Equivalents and Short-Term Investments | 128.00M | 177.00M | 174.00M | 345.00M | 608.00M | 1.52B |
| Total Debt | 2.00B | 2.09B | 2.14B | 2.45B | 3.38B | 3.00B |
| Total Liabilities | 3.10B | 3.18B | 3.70B | 4.32B | 5.57B | 4.72B |
| Stockholders Equity | 3.34B | 3.56B | 3.91B | 4.05B | 4.37B | 3.59B |
Cash Flow | ||||||
| Free Cash Flow | 291.00M | 231.00M | 333.00M | 566.00M | 361.00M | -85.00M |
| Operating Cash Flow | 373.00M | 314.00M | 377.00M | 634.00M | 421.00M | -10.00M |
| Investing Cash Flow | -737.00M | -143.00M | -275.00M | -32.00M | -1.27B | -2.58B |
| Financing Cash Flow | 325.00M | -152.00M | -416.00M | -860.00M | -48.00M | 3.78B |
Vestum AB Technical Analysis
Positive
8.44
Price Trends
12.26
Positive
10.69
Positive
9.57
Positive
Market Momentum
1.13
Negative
72.18
Negative
42.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:VESTUM, the sentiment is Positive. The current price of 8.44 is below the 20-day moving average (MA) of 14.22, below the 50-day MA of 12.26, and below the 200-day MA of 9.57, indicating a bullish trend. The MACD of 1.13 indicates Negative momentum. The RSI at 72.18 is Negative, neither overbought nor oversold. The STOCH value of 42.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:VESTUM.
Vestum AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | kr1.79B | 12.20 | ― | 1.24% | 12.12% | 103.57% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | kr5.93B | -16.10 | -3.72% | ― | -21.25% | -1647.05% | |
53 Neutral | kr1.90B | 64.97 | 0.72% | ― | -2.32% | ― | |
51 Neutral | kr1.60B | -6.02 | ― | ― | 4.23% | -1919.42% | |
45 Neutral | kr609.58M | 17.08 | 2.34% | ― | 1.56% | 70.48% | |
45 Neutral | kr350.83M | -0.19 | -73.61% | ― | -34.50% | -14.70% |
* Industrials Sector Average
SE:VESTUM
Vestum AB
15.78
5.85
58.91%
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Vestum AB Corporate Events
Vestum Sells Flow Technology Unit to Nordic Capital in SEK 6.5bn Deal
Jun 10, 2026
Vestum AB has agreed to sell 100 per cent of Flowa Technology AB, which comprises most of its Flow Technology segment, to private equity firm Nordic Capital for SEK 6.5 billion on a cash- and debt-free basis. The deal, expected to close in the sec...
Vestum AGM Backs Board, Withholds Dividend and Expands Capital Mandates
Apr 29, 2026
Vestum AB’s annual general meeting approved the 2025 income statements and balance sheets, re-elected its full board and auditor, and decided not to distribute a dividend, instead carrying forward the year’s result. Shareholder resolut...
Vestum Lifts Margins and Cash Flow as It Reshapes Portfolio in Q1 2026
Apr 28, 2026
Vestum reported first-quarter 2026 net sales of SEK 826 million, down from SEK 900 million a year earlier, but delivered continued profit growth with EBITA rising to SEK 93 million and the adjusted EBITA margin improving to 11.7%. Operating profit...
Vestum Sets Webcast for First-Quarter 2026 Results
Apr 21, 2026
Vestum AB will release its interim report for the first quarter of 2026 on 28 April at 07:00 CET and will host a webcast conference call the same day at 11:00 CET. Chief executive Simon Göthberg and chief financial officer Olof Andersson will...
Vestum Bolsters UK Flow Technology Business With PJT and CCL Acquisitions
Mar 24, 2026
Vestum has expanded its UK footprint by acquiring PJT Pumping Services and Cheltenham Controls through its subsidiary Pump Supplies, folding both into its separated Flow Technology business. PJT provides end-to-end pumping, drainage and water infr...
Vestum Calls 2026 AGM, Offers Flexible Voting Options for Shareholders
Mar 18, 2026
Vestum AB has called its 2026 annual general meeting for 29 April at the company’s premises in central Stockholm, giving shareholders the option to participate in person, by proxy or via postal voting. The meeting will address standard AGM m...
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.