Vestum AB (SE:VESTUM)
:VESTUM
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Vestum AB
(VESTUM)
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Rating:56Neutral
Price Target:
kr11.00
▲(30.33% Upside)
Action:Reiterated
Date:04/30/26
The score is held back primarily by weak financial performance (declining revenue, net losses, and margin compression), partially offset by positive free cash flow and manageable leverage. Technicals add support due to a clear uptrend above key moving averages and positive momentum. Valuation remains a downside factor given negative earnings and no dividend yield data.
Positive Factors
Free Cash Flow Generation
Consistent positive and growing free cash flow (291M TTM, +23.8%) provides durable internal funding for capex, working capital and bolt-on acquisitions. FCF resiliency cushions profit volatility and supports deleveraging or reinvestment even while accounting earnings are weak.
Negative Factors
Declining Revenue and Loss-Making
Revenue contraction alongside a sizeable net loss (-366M) highlights structural demand or execution weaknesses. Persistent losses constrain retained earnings, limit organic reinvestment capacity, and risk eroding stakeholder confidence if profitability does not recover sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Generation
Consistent positive and growing free cash flow (291M TTM, +23.8%) provides durable internal funding for capex, working capital and bolt-on acquisitions. FCF resiliency cushions profit volatility and supports deleveraging or reinvestment even while accounting earnings are weak.
Read all positive factors
Vestum AB (VESTUM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr4.19B
Dividend YieldN/A
Average Volume (3M)361.44K
Price to Earnings (P/E)―
Beta (1Y)0.62
Revenue Growth-21.25%
EPS Growth-1647.05%
CountrySE
Employees1,338
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 clothes manufacturing and sale, construction, and infrastructure businesses in Sweden. The company designs, markets, and sells clothes and accessories, including urban functional garments in the premium streetwear s...
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 | 556.00M | 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
9.21
Positive
8.82
Positive
8.89
Positive
Market Momentum
0.22
Negative
62.79
Neutral
67.46
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 9.29, below the 50-day MA of 9.21, and below the 200-day MA of 8.89, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 62.79 is Neutral, neither overbought nor oversold. The STOCH value of 67.46 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 | kr2.33B | 12.12 | ― | 1.24% | 12.12% | 103.57% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | kr1.76B | -16.66 | 0.72% | ― | -2.32% | ― | |
56 Neutral | kr4.19B | -3.21 | -3.72% | ― | -21.25% | -1647.05% | |
46 Neutral | kr1.83B | -2.51 | ― | ― | 10.55% | -3187.01% | |
45 Neutral | kr641.06M | 41.09 | 2.34% | ― | 1.56% | 70.48% | |
43 Neutral | kr285.63M | -0.83 | -73.61% | ― | -34.50% | -14.70% |
* Industrials Sector Average
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Vestum AB Corporate Events
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...
Vestum Tightens Portfolio as 2025 Profitability Holds Up Amid Lower Sales
Feb 12, 2026
Vestum reported weaker full-year 2025 sales and earnings but improved profitability metrics in the final quarter, as adjusted EBITA margin rose to 10.8% in Q4 despite net sales declining to SEK 975 million. For the full year, net sales fell to SEK...
Vestum to Split Flow Technology Operations and Streamline Swedish Core Business
Feb 11, 2026
Vestum AB is restructuring its operations by splitting parts of its Flow Technology segment into a separate water infrastructure-focused group and retaining a core Swedish industry and infrastructure business, reflecting two distinct business logi...
Vestum Nomination Committee Backs Board and Auditor Re-elections Ahead of 2026 AGM
Feb 4, 2026
Vestum’s Nomination Committee is proposing the re-election of current board members Per Åhlgren, Johan Heijbel, Anders Rosenqvist and Caroline Atelius, along with the re-election of Conny Ryk as chairman of the board, in a move that sig...
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.