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⚠️ Not investment advice. Past performance does not guarantee future results.
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Addtech ADDT-B.ST

Sweden Industrials
5.7/10
AI Analyst score
343.80 SEK
Last price at analysis date · analyst target 385.00 (+12.0%)
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🟡 HOLD — Hold; business quality justifies a premium, but the P/E of 41.62 already discounts growth that may not materialize at the expected pace.

Addtech AB is a Swedish industrial group that distributes technical components and niche solutions in the energy, telecommunications, industrial, and automotive sectors, acting as a technology partner for its customers. Addtech shows exceptional quality (ROE 26.89%, ROIC 21.45%) and solid growth (earnings +14.80%), but its valuation is very demanding (P/E 41.62, EV/EBITDA 25.61), which limits attractiveness at these prices.

Financial health
6.8
Quality / Moat
7.3
Valuation
2.8
Growth
6.3
Dividend
5.6
Momentum
6.0
Risk & Context
5.9

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E41.62
Fwd P/E43.85
EV/EBITDA25.61
P/B10.80
P/S4.03
PEG4.10
Market cap92.81 B SEK
Enterprise value98.21 B SEK
🏰 Quality and moat
ROIC (approx.)21.4%
Gross margin33.56%
FCF conversion67%
Operating margin14.37%
📈 Profitability and margins
ROE26.89%
ROA9.63%
Net margin9.65%
FCF2.59 B SEK
FCF yield2.79%
🏦 Solvency and liquidity
Total debt6.83 B SEK
Net debt5.44 B SEK
Cash1.40 B SEK
EBITDA3.84 B SEK
Net debt / EBITDA1.42
D/E74.53
Current ratio1.76
Quick ratio1.09
🚀 Growth
Revenue growth5.70%
Earnings growth14.80%
EPS (TTM)8.26 SEK
EPS (Fwd)7.84 SEK
💰 Dividend and risk
Dividend yield1.05%
Payout38.8%
Beta1.13
Analyst consensusStrong buy (7)
Target price385.00 SEK
52-week range283.20 SEK – 365.40 SEK
⚠️ Main risk: The main risk is valuation: with a P/E of 41.62 and an FCF yield of only 2.79%, any disappointment in growth could trigger a significant correction.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Addtech AB is a Swedish industrial group that distributes technical components and niche solutions in the energy, telecommunications, industrial, and automotive sectors, acting as a technology partner for its customers. Addtech shows exceptional quality (ROE 26.89%, ROIC 21.45%) and solid growth (earnings +14.80%), but its valuation is very demanding (P/E 41.62, EV/EBITDA 25.61), which limits attractiveness at these prices.

Score by category

CategoryScore
Financial health6.8
Quality / Moat7.3
Valuation2.8
Growth6.3
Dividend5.6
Momentum6.0
Risk & Context5.9

OVERALL SCORE: 5.7/10

Context and risks

The macro context (rates, oil, geopolitics) does not materially affect Addtech. Its technical distribution business in industrial niches has no direct exposure to commodities or critical shipping routes, and its moderate debt (ND/EBITDA 1.42) limits the impact of interest rates.

News considered in the analysis

  • Addtech AB (ADDHY) Q1 2027 Earnings Call Highlights: Strong Electrification Sales and Strategic ... — Resultados del primer trimestre con ventas sólidas en electrificación, un área de crecimiento clave para el grupo.
  • Addtech AB (ADDHY) Q4 2026 Earnings Call Highlights: Record EBITDA Margin and Strategic ... — Margen EBITDA récord, refuerza la narrativa de calidad y eficiencia operativa del grupo.
  • Addtech AB (ADDHY) Q3 2026 Earnings Call Highlights: Strong EBITDA Growth and Strategic ... — Crecimiento sólido del EBITDA, consistente con la tendencia positiva de los últimos trimestres.
  • Addtech (OM:ADDT B) Net Profit Margin Increase Reinforces Bullish Narratives Despite Premium Valuation — Aumento del margen neto que respalda la tesis alcista, aunque la valoración ya es exigente.

Verdict: Hold; business quality justifies a premium, but the P/E of 41.62 already discounts growth that may not materialize at the expected pace.

Main risk: The main risk is valuation: with a P/E of 41.62 and an FCF yield of only 2.79%, any disappointment in growth could trigger a significant correction.

Other Industrials companies

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.